As the local magazine informs, the Austrian government plans to use Public Blockchain Ethereum to issue government bonds worth 1.15 billion euros next week. Oesterreichische Kontrollbank (OeKB), one of the largest banks in Austria, is said to be serving the not-for-profit blockchain service operating “live”. During the auction scheduled for October 2, the bank will […]
Morning Report: 07.00 London The US dollar is experiencing an amount of selling pressure, but yesterday’s post-Fed gains are still unthreatened. The dollar remains the currency of choice for traders with its well communicated rate path pointing firmly higher. The EUR/USD is recovering to test the 1.1650 level after huge losses yesterday, with the pair […]
Bitcoin has been quite impulsive with the bullish gains which lead the price to impulsively break above $6,500 area while also being supported by the dynamic levels of 20 EMA, Tenkan and Kijun line in the price. The price breaking above the Kumo Cloud resistance while also breaking above the $6,500 area, provided the required […]
USD/CHF has been quite impulsive with the bullish gains recently which is expected to continue further in the coming days. After the recent rate hike from 2.00% to 2.25%, USD gained momentum against CHF which is expected to sustain further. USD has been quite positive after the recent rate hike which lead the market bias […]
https://pepperstone.com/en/forex-news/market-review -EUR, GBP, CHF, AUD and NZD are all losers. -Dollar index moves back above 95 on the Fed and macro data. -Gold comes under renewed pressure. -Mixed data from Japan. -UK and Canadian GDP on tap. -Just how many jobs have left London for Frankfurt? The overnight changes and price moves to be aware […]
The daily trading range is getting smaller and smaller, indicating that energy is building for the next larger move towards the upside. A break above minor resistance at 1.7685 will be the first good indication, that the next impulsive rally towards 1.8030 is developing, while a break above resistance at 1.7732 will confirm this rally […]
With the dip to 131.55, the minor sideways correction should be complete and ready to build the next impulsive rally towards 134.07. This next rally should complete the blue wave (3) and set the stage for a new corrective dip close to 131.75 before turning higher again. Support is now seen at 131.55 and then […]
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4-hour timeframe The amplitude of the last 5 days (high-low): 116п – 70п – 91п – 62п – 72п. The average amplitude over the last 5 days: 82п (81п). All macroeconomic reports scheduled for Thursday, September 27, have already been published. However, the strengthening of the US currency began at the Asian trading session, and […]
This week, a local accumulation zone is being formed. The pair is sandwiched between two significant control zones. Growth remains a priority, as the bullish structure has not been disrupted. Strong news regarding the interest rate of the US dollar did not have a strong impact on the market, which allowed the pair to stay […]
To open long positions for EURUSD, it is required: The Fed rate hike only led to a strengthening of the euro in the afternoon, but it is clear that today buyers are leaving the market quickly. I recommend to consider long positions in the euro after the formation of a false breakout in the support […]
On Friday at 1230 GMT, the updated core Personal Consumers Expenditure (PCE) price index, the Federal Reserve’s favorite inflation measure, will dominate investors’ attention as economic evidence out of the US and Trump’s restrictive trade policy point to stronger inflation in the coming months. Forecasts, however, support that in August price growth in the US mainland flattened. […]
AUD/JPY is currently quite indecisive and volatile after being rejected off the 82.00 area with a daily close recently. AUD has been the dominant currency in the pair while JPY is struggling amid the mixed economic reports. Ahead of the macroeconomic reports from Japan this week, certain gain on the bearish side was observed recently. […]
US President Trump’s tariff action and overall confrontational trade rhetoric have been creating stock market winners and losers. European auto stocks lie on the losing camp, being the past-six-months worst performing sector within the pan-European gauge of equity performance, the Stoxx Europe 600. Meanwhile, the share prices of big players in the sector such as […]
To open long positions for EUR / USD, you need: An increase in the rate of the Fed led only to the strengthening of the euro in the afternoon, but it can be seen that today, buyers quickly leave the market. To consider long positions in the euro, I recommend after the formation of a […]
The IBEX 35 index was underperforming in the previous sessions, while today, the price is erasing some losses and is ready to set a bullish day. However, the index remains below the 23.6% Fibonacci retracement level of the downleg from 11190 to 9100, near 9590. The technical indicators, though, are flattening near their neutral levels. The RSI […]
Yesterday, it became known that the US Federal Reserve System set the range of interest rates for federal funds between 2.00% and 2.25%. The Fed also raised the discount rate to 2.75% by 0.25 percentage points. This decision by the committee on open market operations took the number of votes to 9 against 0. Despite […]
As expected, the Fed raised a 0.25% key rate at the meeting that ended on Wednesday. The updated macroeconomic forecasts completely coincided with the expectations of analysts, and the definition of the monetary policy as “accommodative” has disappeared from the text of the accompanying statement, which means a planned change in rhetoric following the policy […]
To open long positions for GBP / USD, you need: Half a week, pound buyers tried to return to the market, but it seems that the pressure on the pound returns. It is best to consider long positions after consolidating above the resistance level of 1.3144, which will lead to a larger growth in the […]
The Fed meeting did not bring any surprises. As expected, the regulator raised the key interest rate by 0.25%, to 2.25%, setting the range of rates from 2.00% to 2.25%. The decision of the Central Bank was predictable and, what was important, fully integrated into the overall current strategy, which aims to smoothly cool the […]
Dear colleagues. For the currency pair Euro / Dollar, the continuation of the upward movement is expected after the passage at the price range of 1.1809 – 1.1829. For the Pound / Dollar currency pair, the price is close to canceling the downward structure from September 20, which requires a breakdown at the level of […]
It’s time for the final Dukascopy Economic Calendar of the week, where we take a look at the potential market movers scheduled for publication on Friday the 28th of September. We start in Switzerland at 7AM with the Swiss KOF Economic Barometer for September. Optimism in the Swiss economy cooled in August as the reading […]
A raft of economic data out of Japan will hit the markets on Thursday at 2330 GMT. Forecasts point to numbers that would reaffirm the BoJ’s reluctance to consider an exit from its massive stimulus program for the time being and as such, are unlikely to have much impact on the yen. Instead, the far […]
It’s time for the midday snapshot where we assess the performance of traders until 12PM GMT this Thursday. First up is the EUR/USD where a drop of 72 pips leaves the pair point 37% down from the opening level at noon. Trading has been active and sentiment is neutral. A good day for bears here […]
GOLD PRICES fell hard against the Dollar at the start of New York trade on Thursday, dropping further below $1200 than any time so far in September after the Federal Reserve’s latest hike to interest rates was followed by stronger than expected US jobs data. Last week saw claims for jobless benefits rise less […]
With the Federal Reserve (#Fed) committed to a continuation of its strategy of raising #interestrates, Oliver Wallin, from Octopus Investments, and Chris Beauchamp, IG’s chief market analyst, sat down with Jeremy Naylor to discuss what it means for the markets. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide […]
Sugar is one of the most important agricultural commodities in the world. While its increased consumption is often not good health-wise, billions of people around the world cannot do without it. Sugar futures are listed in the main exchanges like the Intercontinental Commodities Exchange (ICE) and Chicago Mercantile Exchange (CME). The prices listed by these […]
The US dollar jumped yesterday after the Federal Reserve released the statement from the Open Market Commission (FOMC). The Fed raised interest rates and committed to continue the tightening process. It raised interest rates by a quarter a percentage point from 2 to two and a quarter per cent. This was the third rate hike […]
The New Zealand Dollar dropped against the USD following the Fed’s decision to continue tightening and the Reserve Bank of New Zealand’s decision to continue easing. In its September meeting, the monetary policy committee left interest rates unchanged and pointed to a continuation to the low interest rates policy. The rates have not been changed […]
Here are the latest developments in global markets: FOREX: The dollar flattened around 112.72 versus the yen early in the European session, while relative to six major currencies the greenback was in a better position, gaining 0.36% on the back of a weaker euro and pound. Euro/dollar was struggling to recoup earlier losses triggered by news that the […]
