Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower by 0.20% on Wednesday. This is owed mainly to a recovery in the currency with the heaviest weight in this index, the euro, which bounced overnight following news […]
Gold price broke above the short- and long-term bearish channels. Price is back above $1,200. As long as we trade above $1,190, I expect Gold to move higher towards $1,220-30 area. Green lines – long-term bearish channel Red lines – short-term bearish channel Gold price is trading around $1,203. Gold bulls will need to break […]
EUR/USD has touched the support trend line we showed yesterday for the 8th time and prices bounced strongly from 1.1505 to 1.1590. Price is making higher highs and higher lows in short time frames. Bulls need to hold above 1.1534 in order for the bullish short-term trend to remain intact. Red line – major resistance […]
Financial markets are still focusing on Italy, although today the reports are positive. Valuation of EUR and other currencies from Europe are improving. The stock market, however, maintains declines. Crude oil is holding fast. In the morning the EUR jumped after information from Corriere della Sera, according to which Italy will commit to lowering the […]
The Reserve Bank of India (RBI) denied the formal establishment of the unit for research on artificial intelligence and Blockchain technology. This explanation follows the investigation conducted by one of the financial newspapers in India. It appears several weeks after rumors began to circulate that the central bank was to set up an alleged unit […]
Former US President Bill Clinton spoke at a conference on cryptocurrencies to convey the word of warning to policymakers who want to regulate what he terms promising technological progress. On stage at the Ripple’s Swell conference in San Francisco, Gene Sperling, a former White House advisor currently on the board of the Ripple, joined Clinton. […]
Morning Report: 07.00 London The EUR/USD is rebounding off support around 1.1550 as Italy concerns ease. This reverses yesterday’s losses which marked five days of losses. The EUR/GBP is also on the rise, building on yesterday’s losses as Brexit concerns slow down the pound. The EUR/CHF is also making gains this morning and is heading […]
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GBPUSD has been erasing gains since the peak at 1.3297 on September 20 to fall back into the Ichimoku cloud. Yet, the RSI indicates that the downfall may stall as the indicator is near its 50-neutral mark, while the Stochastics suggest that a reversal to the upside is also possible; the green %K line has crossed above […]
XM has recently completed one more intensive forex trading seminar series in Thailand, which reached as many as eight different destination in the Southeast Asian country since its start in June. The last three stops of the seminar road trip were Khon Kaen on 1st September, Ubon Ratchathani on 15th September and Chiang Rai on […]
4 hour timeframe The amplitude of the last 5 days (high-low): 99п – 79п – 106p – 90п – 104п. Average amplitude over the last 5 days: 96p (96p). The British pound sterling also fell against the US dollar on Tuesday, October 2. At the end of the second trading day of the week, the […]
4 hour timeframe The amplitude of the last 5 days (high-low): 62п – 72п – 119п – 81п – 61p. The average amplitude over the past 5 days: 79p (85P). The complete absence of any macroeconomic events and reports did not become an obstacle for the EUR/USD currency pair. After a short break in the […]
https://pepperstone.com/en/forex-news/market-review -EUR and GBP make modest gains buy AUD and NZD fall vs USD. -INR comes under further pressure versus USD. -Australian building approvals slump in August. -Key services and composite PMI data is due for release. -Mike Pompeo will head back to North Korea. -Will US govt finances decide the mid-term elections? The overnight […]
To open long positions for EUR / USD pair, you need: Buyers failed to do anything in the first half of the day to break the downward trend in the European currency, even despite good data as the producer price index in the eurozone increased. At the moment, the first task is to return to […]
For you GBP / USD pair, you need: The expected breakthrough of the support level at 1.3011, which I drew attention to in my morning review, led to the sale of the pound. At the moment, buyers are trying to keep above the level of 1.2936, but the upward correction that we are seeing in […]
EUR / USD pair Today should be a relatively calm day for trading. Shocks and sharp fluctuations, due to the news background, are not expected. The most significant event in the economic calendar on October 2 is the speech of the Chairman of the Board of Governors of the Federal Reserve Jerome Powell (16:44 London […]
Reports that Italy’s draft budget plan will pledge to cut the deficit to 2% in 2021 is helping EUR upside, but the question for European trade is whether the move is sustainable. Related Posts:Technical Analysis – EURUSD plummets after US CPI and ECB… April 12, 2024 As US CPI comes hotter than expected EURUSD tumbles […]
EUR/USD On Monday, the euro fell by 25 points. Canada joined the trade agreement on the updated NAFTA, now this association is called USMCA. And that’s a victory for Trump. The contract will be signed on November 29-30. Perhaps the strengthening of the dollar would have been more significant if economic indicators had not failed. […]
The downward movement of last week led to the formation of a pattern of absorption at the medium-term level. This indicates a change in priority to descending, which makes it possible to search for favorable prices for the sale at any growth. At the end of last week, the rate fell sharply by 2%, which […]
The dollar continues its triumphant march, at least against the single European currency. But the pound was able to hold on due to data on lending, which showed an increase in consumer lending from 0.8 billion pounds to 1.1 billion pounds. Also, the index of business activity in the manufacturing sector increased from 53.0 to […]
AUDJPY has posted a strong rebound from the 22-month low of 78.68 hit on September 7, making a higher high in the process. However, the pair hit a wall at just below the 82.50 level, putting into doubt the sustainability of the latest uptrend as technical indicators have since weakened. The RSI is pointing down, […]
Minute (Daily) Great Britain Pound vs US Dollar Previous review from 08/27/2018 15:25 UTC + 3. ____________________ Today, October 1, 2018, the GBP / USD movement is in the range of: -> resistance level of 1.3149 (lower limit of ISL 38.2 balance zone of the fork of an operational scale Minute); -> support level of […]
Today, the Australian dollar fell in the first half against the US dollar, diluting the extremely low volatility that has been observed for a long time in the AUD / USD currency pair. RBA decision The interest rate decision of the Reserve Bank of Australia went against some investor expectations, even though most economists agreed […]
Dear colleagues. For the currency pair Euro / Dollar, the price is near the limit values for the downward structure of September 24, in connection with which, we expect a rollback up. For the currency pair Pound / Dollar, the development of the main downward trend of September 20 is expected after the breakdown of […]
Steppe Gold starts their high profitable gold production in Q4-2018 in Mongolia. The top management team has a lot of experience and with AISC of only 333 USD per ounce gold the company will make a lot of money. Within the next years they want to grow production to 150,000 ounces gold annually, Jochen Staiger, […]
It’s time for the Dukascopy Economic Calendar, where we take a look at the potential market movers scheduled for publication on Wednesday the 3rd of October. A day full of PMI releases, starting with Italian services PMI for September at 7-45AM. With The EU and Italy on a possible collision course over Italy’s budget this […]
As the UK’s ruling Conservative Party wraps up its annual conference on Wednesday, the nation will also see the release of its services PMI at 0830 GMT. Forecasts suggest the UK’s largest sector cooled a little in September, which may prove somewhat negative for the pound. That said, the currency’s overarching driver will be any […]
At today’s meeting, the Reserve Bank of Australia did not impress traders with its rhetoric. The tonality of the accompanying statement was rather negative, despite the absence of obvious “failures” among the key macroeconomic indicators. The reaction of AUD / USD was appropriate. On the one hand, the bulls of the pair had to leave […]
Yesterday’s weak data on the American economy failed to put pressure on the US dollar, which continued to strengthen against risky assets, especially against the European currency. A report by IMF Managing Director Christine Lagarde led to the euro selling off in the afternoon, after the global economic outlook was revised downward. Basic data According […]
