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 […]
GBP / USD pair The strength and attraction of support levels at 1.2904 – 1.2820 (Fib month + Kijun historical level) continue to hold the pair, not allowing players to continue its decline to the weekly goals for the breakdown of the cloud at 1.2302 – 1.2072. The prolonged inhibition, as well as to the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1600. Anyway, according to the M15 time – frame, I fund potential fifth point of the wolfe wave bullish pattern, which means that selling looks very risky. The level of 1.1600 provided very solid support and it is also a Fibonacci […]
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 was heading up during most of the morning session, but a following slide took the pair to the low of 1 16. Traded volume is extremely low and sentiment of the […]
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 […]
Monetary policy will be back in focus next week as the European Central Bank and the Bank of England hold policy meetings. However, with both central banks expected to stick to their existing outlook, investors will likely turn to data for fresh direction. The highlights will include employment reports out of Australia and the United […]
As a vital part of the corporate social responsibility of XM, helping individuals and communities in need comes first – and most of all, with continued dedication. The Indonesian island of Lombok, which was hit by a devastating, over 6.9 magnitude, earthquake on 5th August 2018, witnessed one of a long series of drastic natural […]
Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the […]
Copper futures have come under renewed selling pressure, falling back below the 2.7550 resistance level and the 20- and 40-day simple moving averages (SMAs). During yesterday’s session, the 20-day SMA also acted as resistance, hence the near-term upside momentum appears to have run out of steam again as prices have been attempting and failing to […]
