The Fed left mixed feelings, which makes it difficult for the currency market to take direction. Today in the morning EUR loses bad news from Italy; CAD is under pressure through prolonged NAFTA negotiations, and NZD has not received new guidelines from a neutral RBNZ. Today in the morning EUR is losing in connection with […]
The New Zealand Reserve Bank left the main OCR rate at 1.75%, and did not change its approach to its monetary policy. However, the global investors have learned some details about the future movements of the central bank. RBNZ expects that the interest rate will not be changed until 2020 inclusive. Both the increase and […]
The FOMC meeting ends with a rate hike up to 2.00-2.25$ and maintaining the current view on the prospects of the economy and the optimal shape of monetary policy. As expected, the fragment referring to the “accommodative” nature of monetary policy was removed from the statement. In that situation, the global investors expect another hike […]
The new report published by the Bank for International Settlements (BRM) showed a strong correlation between the prices of cryptocurrencies and novelties regarding the intervention of supervisors. According to the BRM report – an organization based in Switzerland consisting of 60 central banks – cryptocurrencies have close links with news about regulatory actions in different […]
What did the Fed say? Commentary on the decision on interest rates on September 26, 2018 The fed raised the rate by + 0.25%, from 1.875 to 2.125%, and gave a comment: The information received since the Fed’s meeting in August indicates that the labor market continued to strengthen and that economic activity increased at […]
Morning Report: 07.00 London This morning, there is still a mixed reaction to yesterday’s FOMC meeting where the Fed raised rates by 0.25% as expected, but kept additional guidance mostly the same as last month. Most dollar pairs including the EUR/USD slipped yesterday, but there is a hint of a recovery this morning. The biggest […]
We would like to inform you that due to National Day in Hong Kong, Unity Day in Germany, Chung Yeung in Hong Kong and National Day in Austria, all of which take place in October, the trading hours of various instruments will be affected on 1, 3, 17 and 26 October 2018. Please review the […]
https://pepperstone.com/en/forex-news/market-review -EUR, GBP, CAD and MXN all lose ground vs USD. -The Fed indicates there is room for one more in 2018. -Central banker speeches and US GDP on tap. -The IMF extends its record bailout to Argentina. -Jeremy Corbyn heads to Brussels. -Trade tariffs are hurting businesses in the US & China. The overnight […]
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To open long positions for EUR / USD pair, you need: Today, the Fed will announce its rate decision in the afternoon. Most likely, there will be no significant changes in the market, and trade will continue around the middle of the side channel at 1.1763. After raising rates on the part of the Fed, […]
The wave pattern of the H4 graph: The descending wave of the major pound from April 17 achieved the upper limit of the powerful zone of support for a higher timeframe. The wave structure looks formed. The wave pattern of the H1 graph: The potential of the rising wave from August 15 allows us to […]
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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 […]
