EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs. Red line – neck line support Blue line – […]
On Tuesday, the 25th of September, the event calendar is light in important data releases. During the London session, Germany will post Wholesale Price Index data and during the US session, the US will present Consumer Confidence and Richmond Fed Manufacturing Index data. There is a speech from Member of the Executive Board of the […]
The economic crisis in Argentina prompts investors to buy Bitcoins to protect their wealth. At the same time, to meet the growing demand, the first of the 12 BTC ATMs has already begun operating in a shopping center in Buenos Aires. The number of shops that accept Bitcoin is also growing steadily. As the domestic […]
The wave pattern of the H4 graph: Since March 23, we can state a change in trends on Japanese yen major pair on the chart. The wave has a very high level and will eventually become the first part of the larger-scale upward movement of the pair. The wave pattern of the H1 graph: The […]
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GBPUSD erased some of Friday’s significant losses yesterday and still remains above the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2660. The buying interest following the rebound on the 1.2660 support level has shifted the bearish outlook to a neutral one. Moreover, the 20-day simple moving average (SMA) created a bullish crossover with […]
https://pepperstone.com/en/forex-news/market-review -INR retreats vs USD -DXY stays above 94 -Central bankers speeches on the calendar. -Donald Trump heads to the UN. -US 2 year note auction falls flat. -The corrosive power of inflation. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To Forex Trading? See Our […]
24-hour timeframe For four days out of five last week, the EUR / USD currency pair stood still. Only on Thursday trading ended with a very solid growth of the European currency amid a new wave of rumors that the EU and Britain will still manage to agree on Brexit. As we have already noted, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 80P – 73p – 65p – 116p – 70p. The average amplitude over the last 5 days: 81p (87p). The first trading day of the week was quite active. The euro updated Friday’s high, intending to continue the uptrend. On this day, trade duties totalling […]
Wave pattern of the H4 chart: The main direction of the trend since February this year moves the quotations of the euro major downwards. The price has reached a large-scale support zone. Wave pattern of the H1 chart: Since mid-August, the direction vector indicates an upward section. The first part of the wave zigzag of […]
Global trade and political conflicts are again the focus of the currency market. By a surprising coincidence, the situation has worsened on almost all “fronts”: the US-China talks broke down, the situation on Brexit reached a deadlock, and the deal between Washington and Ottawa on NAFTA has not yet been renegotiated. As a disappointing background, […]
To open long positions for EURUSD, it is required: The European currency recovered its position in the pair with the US dollar after the release of a good report on the indicator of the business environment from the IFO. Consolidation at 1.1763 maintains upward potential, and as long as trade is above this level, the […]
Can the central bank normalize monetary and credit policy, macroeconomic statistics improve, and the currency fall? Maybe if the weight is attached to its feet by politics. It would seem that the positive signals from GDP, average wages and retail sales should have given the pound an acceleration, because the timing of the next increase […]
Investing in companies with a view to receiving royalty payments, is a new format to Europe. It’s a model that has been established in Canada, and AIM-listed Duke Royalty is now rolling out the model across Europe. Neil Johnson, chief executive officer (CEO) of Duke Royalty, explains more about what the company does and why […]
This week, trade will be one of the most important topics in the financial markets. This is because traders will pay close attention to the new developments in the market after the decision by China to abandon all trade talks with the US. This decision came after the US issued sanctions on China for military […]
The Swiss Franc is continuing the downward momentum that started last week after the decision by the Swiss National Bank. In the monetary policy meeting, the central bank said that while the economy was doing well, the accommodative monetary policy was likely to continue for the foreseeable future. This policy has led to the economy […]
This weekend, China announced that it would halt all trade negotiations with the United States. This happened after the US issued sanctions on China for its purchases of Russian military equipment. This was a blow to free traders who hoped that the two countries would come to a deal. Over the weekend, China summoned its […]
EURAUD recorded a stunning rally today, advancing above the 20-day simple moving average (SMA). The RSI is currently increasing positive momentum as it stands above its threshold of 50, hinting that the next move in prices could be on the upside rather than on the downside. The bullish signals are even stronger from the stochastic oscillator as the blue % […]
GOLD PRICES moved sideways in quiet trade on Monday as the Dollar held firm ahead of this week’s widely-expected interest-rate rise from the US Federal Reserve. Moving barely 1% away from $1200 per ounce over the last month, gold again stuck to that price as world stock markets slipped. Tokyo and Shanghai were […]
Let’s take a look at the potential market movers scheduled for publication on Tuesday. It’s time… For the Dukascopy Economic Calendar. First up at 1PM GMT we have the US house price index for July. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. Also out at this time there is […]
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 […]
Let’s see how trading has been shaping up for market players so far on this Monday. Euro/Dollar rose by 51 pips form the daily low to trade point 13% in the green at noon. Traded volume is average and neutral sentiment of the traders is 3% long. Bears saw some chances during the early trading […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication […]
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, […]
Here are the latest developments in global markets: FOREX: After China canceled planned trade talks with the US on Saturday and new import tariffs took effect, Chinese officials reiterated on Monday that Beijing is ready for a new round of negotiations only if the talks are based on mutual respect. Investors, though, remained positive on the dollar […]
Trading recommendations: According to the H1 time – frame, I found that Bitcoin might finish that current downward correction (abc flat) near the level of $6.565. The level of $6.555 is a strong support because it is also the swing high from the background. Be careful when selling Bitocin at this stage. My advice is […]
Recently, the USD/CAD pair has been trading downwards. The price tested the level of 1.2884. Anyway, according to the H4 time – frame, I found that price rejected from the strong support at the price of 1.2887 (bottom of the channel and previous swing low), which is a sign that selling at this stage looks […]
Overview: The GBP/USD pair continues moving in a bullish trend from the support levels of 1.3052 and 1.3159. 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 average (100), immediate support […]
Overview: Pivot point : 0.7267. 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 […]
Burning Forecast 09/24/2018 EURUSD: The signal for growth has not been cancelled. On Monday morning, the euro is in correction to the previous growth. Growth is not cancelled. The main event of the week – today the US will introduce new duties against China for $200 billion. On Wednesday, the Federal Reserve’s decision. We keep […]
