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 […]
EUR/JPY is approaching its support at 127.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where the price is expected to bounce up to its resistance at 129.69 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce is expected. EUR/JPY is testing […]
With housebuilders on a roll, is it reasonable to expect that profits will continue at current levels? Clyde Lewis, from Peel Hunt, tells IG that while Help to Buy has ‘achieved its political objectives’ the impending report from Oliver Letwin could provide another incentive for house builders to forge ahead with their house building plans. […]
Record Comex gold correlation to prices… 0.9999 writes Adrian Ash at BullionVault. That’s pretty much the finest purity you can buy in physical gold bullion, with just one part not gold in ten thousand. (Not that you should pay for anything beyond the pure gold weight, whatever the fineness.) Over in […]
• Brent Crude Oil reversed from strong resistance level 79.50 • Further losses are likely Brent Crude Oil recently reversed down sharply from the major, multi-month resistance level 79.50 (which has reversed the price multiple times from the middle of May, as can be seen below) – strengthened by the upper daily Bollinger Band. The […]
• GBPCAD broke through the resistance zone • Further gains are likely GBPCAD recently broke through the resistance zone lying between the resistance level 1.7000, resistance trendline of the daily down channel from June and the 38.2% Fibonacci correction of the downward impulse (C) from June. The breakout of this resistance zone accelerated the active […]
The energy market has been caught between two conflicting narratives in recent weeks, with expectations for diminished supply from Iran supporting oil prices, but worries around global trade and emerging markets (EM) weighing on expectations for demand. Accordingly, crude has moved mostly sideways, albeit in a volatile manner. In the near-term, prices may be most […]
Trading recommendations: According to the H4 time – frame, I found that Bitcoin rejected from the very strong resistance zone in the background at the price of $7.445, which is a big sign of weakness. I also found the fast cross on the Stochastic and MACD oscillator, which is a sign that sellers are agressive. […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2982. According to the H4 time – frame, I found that price rejected from the Fibonacci retracement 61.8% (1.2810) in the background, which is a sign of further strength. I also found that MACD and Stochastic oscillator showing the bullish trend […]
Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,206.20. According to the H1 time – frame, I found that price rejected from the strong support Fibonacci confluence level at $1,194.50, which is a sign of further strength. I also found a broken downward channel in the background, which […]
This week’s final trading day brings us the high importance North American employment update for August, so let’s take a closer look. It’s an early start at 5:45, when Swiss unemployment rate for August will be published. The seasonally adjusted measure was unchanged at 2.6% in July, which is the lowest level in almost a […]
The sterling jumped sharply yesterday after progress appeared to be made between the UK and the EU countries. Yesterday, Germany and the UK abandoned key demands, which increased the chances of a deal. Germany said that it was ready to accept a less detailed agreement on UK’s future with the EU. The UK on its […]
Goldman Sachs is the most powerful investment bank in the world. It has total assets of more than $ 1 trillion and its senior managers have played an important role in both Republican and Democrat administrations. For example, its former CEO Hank Paulson served as Obama’s Treasury Secretary while its former president, Gary Cohn, served […]
Employment data out of Canada will be made public on Friday at 1230 GMT, with forecasts pointing to a cooling in the labor market during August. If so, that could cast further doubts on expectations for a BoC rate increase at the October gathering and thereby, bring the loonie under renewed selling interest. Beyond Friday’s […]
GOLD PRICES popped higher on Thursday in London, erasing the last 2 weeks’ losses as global stock markets slipped lower once more and US President Donald Trump railed against claims that White House insiders are actively working against his agenda and policies. Trading at $1205 per ounce as New York opened for business, gold […]
It’s 12 PM GMT on this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar has walked in a total range of 46 pips and only a slight loss was posted at noon. Turnover is low for this pair and neutral sentiment is at an even balance. Any moves in funds […]
Google stock price has reversed to the downside, completing the fourth negative daily session in a row. The price slipped below the 50-day simple moving average (SMA) indicating that the bears could take the charge. Regarding to the technical indicators, the sharp downside movement has driven them lower. The RSI indicator has dropped below the 50 zone, while the MACD oscillator is […]
Here are the latest developments in global markets: FOREX: The pound continued the rally today that it posted yesterday on reports that Germany and the UK have dropped key Brexit demands after giving back some of them on Wednesday on new headlines that Germany has not changed position on Brexit. Pound/dollar rose by 0.26% above 1.2900, while euro/pound dropped by 0.29% […]
AUD/USD has been quite volatile and corrective at the support area of 0.7150 to 0.7200 area from where it is expected to push higher for a certain period before pushing lower with the trend. USD has been dominating the pair while AUD is currently trying to recover with better than expected economic results. This week […]
It’s time to check the fairness of your broker with the Dukascopy spike controller for Thursday. Euro/Dollar has a daily average spread of point 32 pips and both of the sides were 1.7 pips apart yesterday. The pair rose above the 1 16 level as it gained a total of point 8% or 92 pips […]
Overview: The NZD/USD pair faced strong resistances at the levels of 0.6612 because support became resistance thisweek. So, the strong resistance has been already formed at the level of 0.6612 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the […]
Overview: The market opened around the weekly pivot point (0.9689). It continued to move downwards from the level of 0.9689 to the bottom around 0.9651. Today, the first resistance level is seen at 0.9728 followed by 0.9776, while daily support 1 is seen at 0.9651. The USD/CHF pair broke support which turned to strong resistance […]
Morning Report: 07.00 London This morning, markets have a bias towards the safe havens of the Japanese yen and Swiss franc as concerns surrounding emerging market contagion increases. The USD/CHF is slipping back lower following Tuesday’s rally. The 0.9700 is level is holding as support for now though. The EUR/CHF is dropping after three days […]
NZDUSD has declined in the previous session in the 4-hour chart but still remains above the mid-level of the Bollinger Band, this being a 20-period simple moving average (SMA). The RSI seems to be stalling its advance below the 50 neutral-perceived level, while the stochastic oscillator is giving a bearish signal in the very short-term as the %K line has crossed below the %D line, with both heading lower. […]
US nonfarm payrolls will hit the markets this week on Friday at 1230 GMT and investors might turn more sensitive to the data as the event follows a crucial trade deadline which could spur further escalation in the already boiling trade war between Washington and Beijing. While the dollar uses the Fed’s hawkish rate path narrative to […]
The EUR/USD pair has been trending-up for the past few weeks. This bullish movement ceased to be dominant since August 28. Lack of enough bullish momentum is demonstrated on the chart so that recent movement has turned into sideways consolidations. A recent bearish Head and Shoulders pattern is being demonstrated on the H1 chart. A […]
In April, bearish breakdown of 0.7220-0.7170 (lower limit of the consolidation range) allowed a quick 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 […]
The EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated. The price zone of 1.1520-1.1420 stands as a prominent demand zone to be watched for bullish rejection and possible bullish pullbacks. Bearish breakdown of 1.1520 is needed allow a further decline towards 1.1420. The next bearish […]
Good Morning it’s Thursday and time for the daily trading signals brought to you by the Dukascopy TV team. Euro/Dollar has 5 neutral signals in both the short and long term charts. Mid term models show mixed results, but the 22% short interbank is bearish. Pound/Dollar’s technicals are mostly neutral in both the short and […]
