The upward movement of the current week allowed to reach the weekly control zone of 1.1728-1.1710. The test zone allows you to close part of the purchases, and the rest is transferred to a breakeven, as the continued growth remains a priority. Yesterday’s growth made it possible to realize an upward model within the medium-term […]
The dollar received several sensitive blows on Thursday, losing some of the advantages against European currencies. Consumer prices rose in August by 0.2%, which was below the forecast, year-on-year growth of 2.7% against 2.9% a month earlier, the root inflation of 2.2% against 2.4% a month earlier. Experts did not expect a slowdown in inflation. […]
Wave picture of the chart H4: The direction of the trend is set by the upward wave of May 29. A distinct zigzag (A-B-C) can be traced in the structure. The wave pattern of the graph H1: The bullish wave of August 13 is approaching a powerful potential reversal zone. The structure of the movement […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: the direction is up. The moving average (20; flattened) is up. СCI: 161.8011 The currency pair EUR / USD on September 14 continues the growth that began on the previous day, not connected with the results […]
GOLD PRICES edged back Friday lunchtime in London, cutting this week’s gain to 0.5% as world stock markets rose and crude oil rallied but held below this week’s approach of May’s 3.5-year highs. Russia joined Turkey in raising its key interest rate, making the first such move since 2014 and helping the Ruble recover […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: the direction is up. The moving average (20; flattened) is up. CCI: 142.0156 The currency pair GBP / USD on Friday, September 14, continues the upward movement and fulfilled the level of Murray “7/8”. In general, […]
• USDCHF broke key support level 0.9650 • Further losses are likely USDCHF today broke below the key support level 0.9650 (which stopped the sharp downward impulse wave 3 in August and also earlier this month, as can be seen below). The breakout of the support level 0.9650 should accelerate the active impulse wave 5 […]
• Platinum broke resistance area • Further gains are likely Platinum recently above the resistance area lying between the key round resistance level 800.00 (which has been reversing the price from last month) and the 38.2% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance area accelerated the active medium-term […]
This Monday is lighter than usual in terms of publications and markets are closed in Japan due to Respect for the Aged Day. Final Euro Zone Consumer Price Index for August opens this agenda at 9 o’clock in the morning. Flash estimate showed inflation slowing down by one tenth of a percent to 2% in […]
Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand […]
With a period of increased volatility for London AIM listed stocks, Chris Boxall, portfolio manager at Fundamental Asset Management, joins IG to look through some interesting performers. Chris picks through a portfolio of standard AIM inheritance tax protected stocks and also a look at a high yield portfolio of shares of interest. These include: AB […]
It’s midpoint of this week’s last trading day, so let’s see how well market players have managed to work out the rate shifts. Euro/Dollar has traded in a relatively narrow range of 34 pips, where the pair was heading up during the early trading hours, but gave up all of the gains as noon approached. […]
Gold has been moving within a relatively narrow range between 1,187.58 and 1,214.15 from late August onwards. The RSI is hovering around the 50 neutral-perceived level, pointing to the absence of momentum in either direction in the short-term. On the upside, immediate resistance to gains may come around the 23.6% Fibonacci retracement level of the downleg […]
Here are the latest developments in global markets: FOREX: Hopes for China and the US to restart trade dialogues soon, higher growth projections by the Bank of England and the ECB’s optimism for wages and inflation in the EU reduced the demand for safe-havens such as the yen, sending dollar/yen to 112.07 early on Friday for the first time since […]
The US 30 index continued to advance in recent weeks, posting higher highs and higher lows on the daily chart while remaining above both its 50- and 200-day simple moving averages, which are positively aligned in support of a bullish outlook. The index is also trading above a medium-term uptrend line drawn from the lows […]
We are heading towards weekend, but don’t let that be a reason to take the pressure off your broker. Euro/Dollar’s long term average spread is point 33 pips and daily peak separation has been 2.7 pips. Euro has had a bullish run over the past 24 hours, gaining almost 1% or 108 pips to rise […]
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 […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.6580. Yesterday, the pair dropped from the level of 0.6580 to the bottom around 0.6498. But the pair has rebounded from the bottom of 0.6498 to close at 0.6520. Today, the first support level is seen at 0.6452, the price is moving in […]
EURAUD recorded a stunning rally over the last five weeks, while on Tuesday it completed a fresh three-year high of 1.6350. This week, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The MACD is currently increasing negative momentum as it falls towards […]
Overview: The GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.3095. On the H1 chart, the level of 1.3095 coincides with the daily pivot point, which is expected to act as minor support today. Since the trend is above the pivot, the market is still in an uptrend. […]
Bitcoin has gained quite impulsively yesterday which led the price above $6,500 but with a weak momentum. The bullish pressure is still quite weak in comparison to the recent bearish pressure. However, a daily close above the dynamic level of 20 EMA, holding BTC price as resistance, is expected to provide the required pressure for […]
EUR/GBP has been quite volatile and corrective at the edge of support area of 0.8880 from where further bullish momentum is expected in this pair. EUR has been dominating GBP for a few weeks, whereas GBP has still been weighed down by the BREXIT impact and economic reports with mixed readings. GBP has been quite […]
To open long positions for EUR / USD pair, you need: Long positions in the euro can be seen after the decrease to the middle of the channel in the support range of 1.1600-1.1605. The formation of a false breakdown will allow us to count on the repeated growth of EUR / USD to the […]
Markets make a return on USD towards risky assets with the help of better information from emerging markets, while the disappointment of CPI from the US has covered the earlier optimism around the US economy. The stock market in Asia is in a reconstruction mode. Even though President Trump denied yesterday that he would be […]
These are the Daily Trading Signals for Friday. Here’s how the technicals compare with the interbank at 8 AM GMT. There are 7 green signals in both the 1 and 4-hour charts for the Euro/Dollar. 4 models point up in the daily chart. Interbank sentiment is bearish at close to 16% short. Green colour dominates […]
On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having evolved the increase from 14-month lows to 2.8%. Hong Kong’s Heng Seng recovered to 1.5 week’s levels. Previously, we pointed out that the technical factors were in favor […]
This year, the dollar has moved up significantly against other currency pairs. It peaked in August when it rose by 5.66%. After that, the dollar has lost some of its gains. YTD, it has gained by 3.0%. The reason for the dollar’s gain was the hawkish nature of the Federal Reserve, which was boosted by […]
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 […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand howCFDs 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 and […]
Here are the latest developments in global markets: FOREX: The US dollar index is nearly unchanged on Friday (-0.02%), holding on to the losses it posted in the previous session following a disappointment in the US CPI inflation data. The yen also retreated across the board, as risk appetite remained firm and investors rotated funds out of haven […]
