EUR / USD pair On Thursday, European investors were disappointed with data on Germany, where the volume of industrial orders fell by -0.9% in July against expectations for growth of 1.8%. This was the initial impetus for the euro to fall. In the US, the change in the number of jobs in the private sector […]
The EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated. Bearish breakdown of 1.1520 is needed allow further bearish decline towards 1.1420. Next bearish target would be located around 1.1275. For the major reversal pattern to be confirmed, a quick bearish breakdown below 1.1420 will be […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed quick bearish decline towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail to maintain enough bullish momentum above 0.6700. On […]
Bitcoin has been struggling to create new highs with a target towards $8,000 area, while pushing lower aggressively towards $6,000-6,500 support area in the process. Tthere are certain optimistic statements about Bitcoin having a bright future with new highs as it is being mined impulsively till now. Meanwhile, the price is residing inside the support […]
NZD/JPY has been impulsive and non-volatile inside the recent bearish bias which created a double bottom pattern at 72.50 area with a daily close from where the price is expected to climb higher in the coming days. Despite positive economic reports from New Zealand this week, JPY has been quite dominant with the gains. This […]
NZD/USD has been impulsive amid the bearish momentum recently which lead the price to reside at the edge of 0.6550 support area currently. USD has been the dominant currency in the pair while NZD has been struggling in light of the soft economic data earlier, which is expected to change for good in the coming […]
Good news from Orsu Metals, Panoro Minerals and White Gold. Aruyn Resources got an initial buy recommendation from H.C. Wainwright with a 70% higher price target, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#255571 Смотрите Dukascopy TV на […]
We open the week in Asia with Gross Domestic Product (GDP) data from Japan and Consumer Price Index (CPI) inflation data from China, both landing early hours Monday. Later in the morning, we move to the UK with Manufacturing, Industrial Production and GDP data being released at 09:30 (BST). Why trade with ETX Capital? – […]
The biggest news this week in the market was the truce between the United Kingdom and Germany. On Wednesday, it was reported that Germany had agreed to remove some of the hard-line positions it had on Brexit. On its part, the UK agreed to accept a narrowed approach that will extend the negotiations until after […]
One of the most important roles of any government is to create jobs for its citizens. It is these jobs that go ahead to fund the government using the taxes. When there are no jobs in a country, the economy cannot grow. This tends to lead to instability. A good example for this is in […]
In June last year, the price of soybeans reached a yearly low of $9 per bushel. It then started moving up and in April this year, the price moved up to $10.76 per bushel. After that, the price of the crop fell sharply to a YTD low of $8.13. It is now trading at $8.36. […]
GBPJPY has been moving in a narrow range with an upper boundary the 144.20 resistance level and lower boundary the 142.60 support level, over the last week. Currently, the price is moving higher with the RSI confirming this movement as it is approaching the bullish area. Furthermore, the %K line of the stochastic oscillator created a bullish […]
Chinese trade figures for August will be made public on Saturday, with the numbers being scrutinized for any negative effects stemming from US tariffs. Meanwhile, the latest developments in the Sino-US trade spat are also putting the release high on investors’ radar. Elsewhere, attention will also turn to the Aussie due to its status as […]
Overview: The EUR/USD pair will continue to rise from the spot of 1.1612. The support is found at the level of 1.1612, which represents the 50% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.1612, while immediate resistance is […]
Overview: Pivot: 1.3012. The GBP/USD pair bullish trend from the support level of 1.2826 on the one-hour chart. 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 […]
John Meyer, partner and mining analyst at SP Angel, discusses the #graphite and #graphene opportunities and some of the effects of the concerns around environmental issues that have seen China cut back on production, the effects of which have been to push up prices and provide new opportunities in the sector. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more […]
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 is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc […]
Gold price tried to make a breakout yesterday above $1,208 but price got rejected and pushed back towards $1,200. Gold price after making a high last week at $1,214 continues to make lower highs defining a clear downward sloping trend line resistance. For $1,220 to be achieved Gold bulls will need to break above this […]
EUR/USD is trading near its weekly highs but below the major resistance at 1.1660-1.1690. Bulls will need to break above this level in order to unlock the powers to the upside and towards 1.19-1.121. Blue line – resistance (neckline) EUR/USD is trading below the Ichimoku cloud. Daily trend is bearish as long as price is […]
On Friday, the 7th of September, the main event is the NFP-Payrolls data release at 12:30 pm GMT and the other data associated with this event: Unemployment Rate, Average Hourly Earnings and Participation Rate. This is not the only important publication, the global investors are also waiting for, among other things, GDP in the Eurozone […]
The weekly number of applications for unemployment benefits in the United States fell to the lowest level in 49 years. It does not mean, however, that there is a boom in the US labor market. Only 203,000 applications for benefits filled the Americans in the last week of August – reported the Department of Labor […]
The Canadian Dollar (CAD) did not find support in yesterday’s statement of the Bank of Canada. In line with expectations, the bank kept the overnight interest rate unchanged at the level of 1.50%, but also refrained from suggesting whether a hike could be expected in October. Some have picked it up as a dovish signal, […]
In the last 24 hours, the entire market has decreased many coins have lost at least 10%, and some twice as much. Even stablecoins did not save themselves from falls. The crypto community is trying to explain this phenomenon. There are several major theories in the community: the first is that the bust has occurred […]
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 […]
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USDCAD has lost its positive momentum over the last couple of days after the bounce on the 1.3230 resistance level. In the short-term, the market could retain its neutral to bearish mode, confirmed by the 20- and 40-simple moving averages which are heading sideways. The RSI indicator is pointing south in the positive territory, while the MACD oscillator […]
Morning Report: 07.00 London The US dollar pairs are mixed after steady gains yesterday against the US dollar. Yesterday’s losses were sparked by Trump targeting Japan as the next trade partner up for re-negotiation. The yen and Swiss franc were the biggest beneficiaries yesterday, with both the USD/CHF and USD/JPY sold off significantly. The USD/CHF […]
https://pepperstone.com/en/forex-news/market-review -AUD weaker again, as BRL bounces back vs USD. -Dollar index tests below 95. -Japanese trade could be next in the Trump firing line. -Brazilian Auto production soars. -EU GDP andAugust Nonfarms are the key data points -Trump’s election to lose. The overnight changes and price moves to be aware of by Pepperstone’s Market […]
AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce is expected. AUD/JPY is testing […]
