Morning Report: 07.00 London The US dollar remains dominant following Friday’s better than expected Non Farm Payrolls which saw headline payrolls increase to 201k, with average hourly earnings also increasing. The unemployment rate increased unexpectedly though. The dollar pairs remain on the back foot, with the AUD/USD set to challenge the 0.7100 level again following […]
The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows. The U.S. stock markets had been declining the fifth day in a row on Friday, and had increased the losses during week to 1.2% on S&P500. The […]
EURUSD closed below the 1.1600 key level after a negative session on Friday, though the pair remains neutral since the end of August, trading between 1.1529- 1.1732. In the short-term, consolidation is likely to stay in place as the RSI continues to move around its 50 neutral mark and the MACD holds around zero and […]
We would like to inform our clients that considering our recent notification about the Swedish General Election, the margin requirements have been automatically readjusted on all instruments in accordance with the previous leverage settings on financial instruments on each of our clients’ trading accounts as of today, Monday 10th September 2018. All temporary measures taken […]
EUR/USD has been quite impulsive with the recent bearish momentum which leads the price to reside below the trend line resistance with daily close. The positive high impact economic reports of USD published recently provided the required push for the currency to gain sustainable momentum over EUR in the process which is expected to push […]
The most important information of the Friday session was undoubtedly the publication of a report from the American job market. After the result of 157 thousand new jobs in the non-agricultural sector (NFP) of July this year, the economists expected the situation to improve in the August report and definitely a better result at the […]
Next week the most important events are CPI/production/sales from the USA, EBC, ZEW, BoE, CPI/production/sales from China, labor market from Australia, NAFTA. In the US, the August inflation, (Thursday), retail sales and industrial production reports (Friday) will not change the Fed’s bias and the risk of a determined interest rate hike on September 26. CPI […]
The American Subcommittee on Congress on Terrorism and Illegal Finance discussed various methods of financing terrorism through cryptocurrencies, according to the official press release of the US House of Representatives on Financial Services of September 7. In order to monitor the threats and methods of financing terrorism, the main ways of transferring funds by terrorists, […]
When the European market opens, some Economic Data will be released such as Sentix Investor Confidence. The US will release the economic data too, such as Consumer Credit m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1616. Strong Resistance:1.1609. Original […]
In Asia, Japan will release the Economy Watchers Sentiment, Final GDP q/q, Final GDP Price Index y/y, Current Account, and Bank Lending y/y data, and the US will release some Economic Data such as Consumer Credit m/m. So there is a probability the USD/JPY will move with a low to medium volatility during this day. […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -September 10th 2018 Related Posts:Technical Analysis of […]
We continue to look for more upside pressure towards the next sub-target at 1.7820. Longer term resistance at 1.7820 only should prove to be a temporary cap as more upside towards strong resistance at 1.8369 remains expected. Support is now seen at 1.7683 and again at 1.7638 only a break below the later, we confirm […]
Red wave (2) continues to work its way lower towards the ideal target-zone between 127.44 – 127.60. As long as minor resistance at 129.11 caps the upside more downside pressure should be expected towards the 127.44 – 127.60 target-zone. Only a direct break above minor resistance at 129.11 will indicate a premature completion of red […]
The Gold remains under pressure and below $1,200. Next time it makes a move above it could be the start of the bounce towards $1,220 we have been waiting. Until then we remain neutral as Gold could continue lower towards the August lows or sideways. Blue line – short-term resistnace The Gold’s trend remains bearish […]
EUR/USD stopped the decline on Friday just above the important support area of 1.1550-1.1530. As long as EUR/USD is above this area we can take advantage of the bullish side of the market as we might be forming an inverted head and shoulders pattern with a neckline at 1.1730. Above 1.1660 this scenario becomes our […]
September is a busy month in the forex market where economic performance and monetary policy divergences is becoming very apparent. Last week we had the Reserve Bank of Australia and Bank of Canada rate decisions and this week, the European Central Bank and the Bank of England are up to bat. Like the RBA and […]
September is a busy month in the forex market where economic performance and monetary policy divergences is becoming very apparent. Last week we had the Reserve Bank of Australia and Bank of Canada rate decisions and this week, the European Central Bank and the Bank of England are up to bat. Like the RBA and […]
September is a busy month in the forex market where economic performance and monetary policy divergences is becoming very apparent. Last week we had the Reserve Bank of Australia and Bank of Canada rate decisions and this week, the European Central Bank and the Bank of England are up to bat. Like the RBA and […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Weekly financial new -September 9th 2018 Related Posts:Weekly Forex Outlook: […]
• Natural Gas broke support area • Further losses are likely Natural Gas recently broke through the support area lying between the support level 2.800, support trendline from April and the 61.8% Fibonacci correction of the previous upward correction 2 from the middle of July. The breakout of this support area accelerated the active short-term […]
• AUD/USD broke long-term support level 0.7180 • Further losses are likely AUD/USD continues to fall after the earlier breakout of the strong, long-term support level 0.7180 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUD/USD chart below). The breakout of the support level 0.7180 […]
After filing a lawsuit against #Tesla and its CEO Elon Musk, infamous short-seller Andrew Left spoke to IGTV’s Victoria Scholar about his decision. Left says his lawsuit revolves around the words ‘funding secured’ from Musk’s tweet on 7 August and says that if Musk were replaced with a top automobile executive, Tesla’s share price would […]
EUR / USD The euro, thanks to the support of 1.1545-72 (the lower boundary of the weekly cloud + the weekly Tenkan + day cross), this week keeps its location in the weekly cloud, thereby increasing the chances of continuing the weekly upward correction. The main resistance line in this way is concentrated now in […]
Early this week the IHS/Markit Institute indicated that the British manufacturing industry had slowed down to its lowest expansion rate since July 2016 – July 2016 was just after the Brexit referendum – as the country’s export business contracted for the first time in more than two years despite the weakness in the sterling relative exchange rate. The […]
Trading recommendations: According to the H1 time – frame, I found strong downward momentum in the background and the price tested the level of $6.615. As I expected, the price broke the bearish flag pattern in the background, which is a sign for further downward continuation. Watch for a breakout of the most recent intraday […]
Start of the trading week is relatively light in terms of publications, but it should be interesting for Sterling traders, so stay with us. It’s busy with UK July data publications at 8:30 in the morning, including the high importance monthly GDP. Economy expanded at just one tenth of a percent in June after gaining […]
GOLD BULLION fell $5 per ounce from the $1200 mark Friday lunchtime in London after new US data showed stronger jobs growth than analysts forecast for the world’s No.1 economy. Silver held firmer at $14.14, heading for a 2.8% weekly drop, but platinum prices fell with gold bullion to show a 1.3% loss from […]
EURGBP pulled back in recent days, after touching a one-year high of 0.9098 on August 28. Earlier on Friday, it broke below an upside support line drawn from the lows of June 15, and if this week’s candle indeed closes below that uptrend line, then the near-term bias of the pair will have turned back to […]
To open long positions for GBP / USD pair, you need: While the trade is above 1.2921, demand for the pound will remain, which will lead to the renewal of the week’s highs around 1.2968 and 1.3004, where fixing profits are recommended. In case of reduction of the pound in the first half of the […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2975. According to the H1 time – frame, I found that GBP/USD finished the downward correction in the background (expanded flat), which is a sign that selling looks risky. I also found strong demand in the background and hidden bullish divergence […]
