Other trading essentials: https://pepperstone.com/en/client-resources/webinars-trading-basics Join expert trading educators, FX Evolution, as they break down the Forex trading essentials every trader needs to know. In this exciting webinar, you’ll learn the best currencies to start trading, how to build a system that works, what to look for in market conditions and other key trading skills to […]
Pepperstone’s Head of Research Chris Weston reviews the FOMC meeting, what was said and how markets react to both the statement and gov. Powell’s outlook, all in The Daily Fix. Stay informed and manage your risk. Website: https://pepperstone.com/en/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Related Posts:The market is disappointed and softening expectations for… April 12, 2024 […]
Trading plan 26.09.2018 The overall picture: all the attention on the Federal Reserve. The attention of the market has completely shifted to the Fed. Everyone is waiting for the Fed rate hike at +0.25%, from 1.875% to 2.125% The Fed decision and the text of the statement at 18.00 London time. The latest report on […]
German public debt at the end of the second quarter of 2018 amounted to 1934.4 billion, or 2.3 percent. and 46.5 billion euros less than a year earlier – announced on Wednesday the German Federal Statistical Office (Destatis). This is all the claims against federal authorities, federal states, municipal entities and their associations, and social […]
Copper futures have recovered substantially from the 14-month low of 2.5485 set on August 15. But the positive momentum has eased after prices met resistance at the 38.2% Fibonacci retracement level of the downleg from 3.115 to 2.5485. The upside drive ran out of steam as the stochastic oscillator entered overbought territory. The %K line […]
At 1800 (GMT), the Fed will release its interest rates decision. The bank is expected to raise interest rates for the third time this year. This will be the eighth interest rates hike since 2015 when the bank started a gradual tightening process. 30 minutes after the rate hike, the Fed chair, Jerome Powell will […]
EURGBP has retreated significantly from the more than one-year high of 0.9098 touched at the end of August and appears once again to be struggling for direction. Prices have been drifting inside the Ichimoku cloud during the past couple of weeks and a brief overshoot following the rebound on the 50% Fibonacci retracement of the […]
The Eurozone is scheduled to publish initial inflation estimates for the month of September on Friday at 0900 GMT and analysts believe that consumer prices picked up steam after a small pullback in August. The stats however are not likely to have any near-term impact on monetary policy as the ECB has already guided markets about both the path of […]
GOLD PRICES fell $5 per ounce from the $1200 level in London trade on Wednesday, slipping ahead of the US Federal Reserve’s September decision, widely expected to take its key interest rate up to a ceiling of 2.25%. Priced in the single Euro currency gold slipped within €3 per ounce of early September’s 32-month […]
It’s time for the Dukascopy Economic Calendar, where we take a look at the potential market movers scheduled for publication on Thursday the 27th of September. We start in the US with a high importance release at 12-30PM GMT with the advance durable goods for August. Traders should pay close attention as this release always […]
Tailings specialist Goldplat has reported a 6.8% rise in revenues for the full-year (FY) and a 10.7% rise in operating profit, but under the covers chief executive officer (CEO), Gerard Kisby-Green, explains more about what is going on. 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 fast and […]
Hewlett-Pack (HP) stock has reversed to the downside after it challenged a fresh three-year high of 26.10 on September 21. Momentum indicators in the daily chart are currently supporting the weakness of the positive momentum. Specifically, the RSI is slipping below the overbought zone and the MACD is ready for a bearish cross with the trigger line. If […]
Yesterday, Donald Trump proudly beat himself with a heel in his chest and was acclaimed that the American economy, under his sensitive guidance, shows simply magnificent results. Given the laughter in the assembly hall of the UN General Assembly, he was not particularly credited. After all, if they start talking about how wonderful everything is, […]
4h The third test for the strength of the corrective level of 100.0% – 1.1791 failed again. In addition to the rebound from this level of Fibo, a bearish divergence was formed in the CCI indicator, which also worked in favor of the US currency. As a result, on September 26, the process of falling […]
4h After the GBP / USD has rebounded from the correction level of 23.6% to 1.3067, the growth continues in the direction of the Fibo level of 38.2% – 1.3316. Already tonight, the presentation of the results of the meeting of the Federal Reserve System of the USA will take place, at which the rate […]
EUR / USD The euro closed yesterday’s growth by 19 points mainly due to the growth of the British pound, which added 60 points on a new rumor about the EU’s readiness to give Britain a free trade zone after leaving the bloc. The price continued consolidation in the range of 1.1750-1.1832. Economic data for […]
GBP / USD On Tuesday, the pound grew by 60 points due to information in the media about the EU’s readiness to give the UK a free trade zone after Brexit. Technically, the price growth formed the conditions for growth on the four-hour chart. The price went over the indicator lines of the balance sheet […]
The morning session is over on this Wednesday, and it’s time for the Midday Snapshot. Euro/Dollar moved sharply lower hours into the trading day and a loss of point 23% has been posted. Traded volume is extremely low and most of the funds were in long positions. Late decline has brought risks, but the slow […]
Trading recommendations: According to the H1time – frame, I found that Bitcoin is in upward correction phase and that is trading in the upward channel. My advice is to watch for buying opportunities as long the upward trending is holding. The upward target is set at the price of $6.754. If you see a breakout […]
Recently, Gold has been trading sideways at the price of $1,198.00. According to the H1 time – frame, I found that upward correction potentially ended near the level of $1,203.60, which is a sign that buying looks risky. I also found the breakout of the upward trendline, which is another sign of weakness. My advice […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3189. According to the H1 time – frame, I found the strong breakout of the upward channel in the background, which is sign that sellers are in control. Most recently, I found the potential end of the upward correction (abc flat […]
AIM-listed Nostra Terra Oil & Gas (NTOG) has production as well as exploration assets in Texas. Its modest East Texas production come from a conventional well, while in West Texas NTOG has exposure to the Permian Basin that chief executive officer (CEO), Matt Lofgren, says has much bigger exposure to both conventional as well as […]
Here are the latest developments in global markets: FOREX: Major currencies were trading in narrow ranges as traders were waiting for the FOMC policymakers to conclude their two-day policy meeting later on Wednesday with another rate hike on the cards. But more importantly they are interested to learn what are the central bank’s new economic forecasts and whether the monetary committee […]
GBPJPY continues extending its remarkable recovery from its lowest since August 2017 of 139.88 hit in mid-August. The pair is currently trading around 900 pips above the previously mentioned nadir. The positively-aligned Tenkan- and Kijun-sen lines are supporting the view for a bullish short-term bias. An extension of the move up may meet resistance around last […]
Overview: On the one-hour chart, the USD/CHF pair continues moving in a bullish trend from the support levels of 0.6635 and 0.6616. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving […]
Overview: The AUD/USD pair will be probably continue to rise from the level of 0.7233 in the long term. It should be noted that the support is established at the level of 0.7233 which represents the 50% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the […]
On September 13, The GBP/USD pair was testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. Since then, the pair has been demonstrating a successful bullish breakout so far. This price zone (1.3025-1.3090) also corresponds to 50% and 61.8% Fibonacci levels. Currently, this price zone turned to become a prominent demand […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1750. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. However, […]
It’s Wednesday and this is the Spike Controller brought to you by the Dukascopy Forex TV Team. Euro/dollar’s long term average spread is point 32 pips and peak separation has been 1.4 pips. Rate movement has been calmer than usual and the biggest move is a decline of point 31% or 37 pips. Spreads have […]
EURJPY is looking more neutral over the last 4-hour sessions as prices climbed towards last week’s 5-month high of 133.10 on Tuesday. However, the aforementioned top has been acting as resistance, hence the upside momentum appears to have run out of steam as prices have been attempting and failing to close above 133.10, though there is support from the […]
