EUR/USD bounced off short-term support at 1.15 as expected. However bulls will only feel comfortable on a break above 1.17-1.1730. Until then there is still danger for another leg down towards 1.1450-1.14. Orange rectangle – resistance Blue lines – expected price path EUR/USD has retraced almost 50% of the rise and is most probably forming […]
Gold price remains below $1,200. Gold price is in a corrective phase and will most probably exhaust any upside move towards $1,220-$1,230. This upward move could start from current levels but could start from $1,180 area. Key to confirm the start of this upward bounce is the break above the short-term resistance of $1,202. As […]
Thursday is the yet another day when AUD increases are put out as the rest of the currency market is watching the mix of buying and selling USD. The stock market remains in the red. Oil is losing concerns about demand from emerging markets. On the rest of the market, we saw attempts to sell […]
After a long weekend, Wall Street returned to work on Tuesday. In a situation where the situation did not improve in developing markets. Argentina’s plans to reduce the deficit or rumors about raising rates in Turkey have not helped the currencies of these countries. He was also losing the South African Rand. Indexes in Germany […]
At the beginning of August, information appeared suggesting that Goldman Sachs is considering offering cryptocurrency trusts to its clients and launching trading desks dedicated to Bitcoin and other cryptographic tokens. However, as reported by the Business Insider website, citing people closely associated with the case, the institution abandoned its digital plans. In recent weeks, the […]
This week, EU finance ministers will be called on to set clear and uniform guidelines on cryptography in the EU Member States, Reuters reports. The Brussels think-tank, Bruegel, has prepared a new report on the cryptographic industry. It was created for EU finance ministers who are to meet on this Friday and Saturday in Vienna, […]
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 […]
The current weakness on the developing countries financial markets is the longest since 2008. The similarities go further than that: as well as 10 years ago, the aggravation falls in autumn, when the funds actively review their investment strategies, and the reasons are – chronic deficits and high level of debt. However, then the source […]
USDJPY is hovering around the 23.6% Fibonacci retracement level of the upleg from 104.60 to 113.16, around the 111.13 barrier. According to the technical indicators, the market could maintain neutral momentum in the short-term as the RSI indicator is moving slightly to the downside near the threshold of 50, while the MACD oscillator is flattening near the […]
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When the European market opens, some Economic Data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, and German Factory Orders m/m. The US will release the Economic Data too such as Crude Oil Inventories, Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, Revised Unit […]
In Asia, today, Japan will not release any Economic Data, but the US will release some Economic Data such as Crude Oil Inventories, Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, Revised Unit Labor Costs q/q, Revised Non-farm Productivity q/q, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. […]
We continue to look for more upside towards 1.7820 as the next upside target. This target will only be a sub-target as much more upside remains expected for this cross. Ultimatel,y EUR/NZD should continue moving higher towards 1.8364 and 1.9844 as the more important upside targets. Support at 1.7484 will ideally continue to protect the […]
https://pepperstone.com/en/forex-news/market-review -AUD, NZD, CNY and INR all down vs USD -Dollar index broadly unchanged. -Aussie trade balance data surprises. -Senior US politicians visit India. -North and South Korean leaders to meet this month. -Fashions in stock selection. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To […]
NZD/USD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. NZD/USD is testing its resistance where we expect […]
CAD/JPY is approaching its support at 84.34 (61.8% Fibonacci extension, 50%, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 85.34 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is testing its support at 3.6% where a corresponding bounce is expected. CAD/JPY is testing […]
The British pound and the euro rose sharply against the US dollar after news came that Germany and the United Kingdom abandoned the major requirements for Brexit. The source of the message is Bloomberg. If this information is reliable, rejection of the major requirements will help achieve the EU-UK trade agreement and prevent serious consequences […]
The euro-dollar pair this week makes futile attempts to gain a foothold within the 16th figure: the bulls clearly do not have enough strength and arguments for the upward breakthrough. Bears also do not show much activity – Wednesday’s decline ended with a price rollback. The stalemate is due to expectations for Friday, when the […]
August turned out to be the fifth consecutive month of gold closing in the red zone. The precious metal lost more than 2% amid the acceleration of the US economy, increasing the chances of four acts of monetary tightening of the Federal Reserve in 2018 and tensions over trade wars. And only moderately – “dovish” […]
Bitcoin has been quite impulsive with the bearish counter momentum today which did engulf a series of previous bullish momentum but currently it is held by the dynamic level of 20 EMA and Kumo Cloud support. Ahead of the high impact USD economic reports this week, certain volatility is expected. As of the current scenario, […]
• CAD/CHF broke key support level 0.7400 • Further losses are likely CAD/CHF previously broke through the key support level 0.7400 (which stopped the A-wave of the active ABC correction (2) from the start of May, as can be seen below). The breakout of the support level 0.7400 accelerated the active impulse wave C of […]
• Sugar rising inisde correction 4 • Further gains are likely Sugar continues to rise inside the short-term correction 4, which started previously from the long-term support level 10.00 (which also stopped the sharp downtrend in the August of 2015). The price today broke the resistance level 10.80 and the daily down channel from May […]
The Swedish krona is the worst performing currency among advanced economies this year and is possibly headed for further losses with two major risk events on the horizon in the next few days. The Riksbank (Sweden’s central bank) will announce its latest policy decision on Thursday at 07:30 GMT and could signal a delay to […]
Orsu Metals works in Russia on the Sergeevskoe License Area. By end of year they wil deliver a resource estimate and a PEA. The recovery rates are already between 85% and 95% for gold. The surrounding gold mines will for sure have a close look at their prospects when they deliver +2 Mio. ounces gold […]
The US 500 index has declined after touching an all-time high of 2,916.50 on August 29. Still, the benchmark continues to trade relatively close to its record peak. The RSI has reversed lower after entering overbought territory last week and continues to head down, supporting the view that near-term momentum has turned negative. The stochastics […]
PRICES to buy gold stabilized in London on Wednesday morning, trading $2 higher to $1194 per ounce even as the US Dollar pushed other currencies lower once more and global stock markets extended yesterday’s drop on Wall Street. Commodity prices also retreated and the Chinese Yuan fell again versus the Dollar after China’s weak […]
Economic calendar for Thursday starts at an earlier than usual 5:45 in the morning, so let’s take a closer look. Swissie traders will be monitoring closely the high importance Swiss GDP for the second quarter at a quarter to 6 AM. Economy expanded at a pace of point 6% in the year’s opening quarter, which […]
The USD/CAD pair established a strong double top position at 1.3760 in 2016. After that, the pair dropped as the loonie strengthened against the dollar. It then established a strong double bottom position of 1.2070 in October last year. Since then, the pair has moved up and has reached 1.3190. This has happened as the […]
In January 2016, the price of copper reached a multi-year low of $1.935. It then started a major rally that saw it reach a high of $3.32 in December last year. Since then, attempts to continue the upward movement failed and this year, the metal has fallen to a low of $2.561. This is the […]
Japan 225 index has recorded a stunning downward rally following the touch on the 23116 resistance level in the prior week and is moving towards the moving averages in the daily chart. The technical indicators, continue to send bearish signals, suggesting that the softness in the market is not over yet. The RSI indicator is in progress […]
