Here are the latest developments in global markets: FOREX: The dollar index was down on Friday, albeit by less than 0.1%, giving back some of the gains it posted in the previous session. Elsewhere, the Japanese yen advanced across the board on Thursday, as trade concerns led investors to increase their exposure to the safe-haven currency. Meanwhile, the […]
During the night, China’s PMI data was released. The readings turned out to be better than expected, which may surprise us after reports of the slowing economy and trade problems. Data from Japan did not surprise us at all, they were mostly in line with forecasts. Trump threatened that the US would withdraw from the […]
President Donald Trump said he would withdraw from the World Trade Organization if he would not treat the United States better by hitting the foundations of the international trading system. “If there is no change, I will withdraw from the WTO,” Trump said on Thursday in an interview with Bloomberg News. He stated that the […]
According to the financial media portals, the European Union’s ministers of economy and finance will hold an informal meeting on the challenges posed by digital assets and the possibility of tightening the rules. It is possible, that during a meeting in Vienna on September 7, participants will discuss the general lack of transparency of cryptocurrencies […]
NZD/JPY has been quite impulsive inside the bearish trajectory recently which engulfed a series of previous bullish price action with ease. In light of downbeat economic reports from New Zealand, NZD has weakened notably against JPY in the process. Recently, New Zealand Building Approvals report was published with a decrease to -10.3% from the previous […]
After a break above short-term important resistance at 1.7484 we have seen some consolidation, which is pretty common after an important break-out. The break above 1.7484 has finally opened up the upside for much higher levels to come in the weeks and months ahead. The next upside target to look for is seen at 1.7820 […]
We have seen the expected decline from 130.87 to below the ending point of red wave (A), which is what is expected for an expanded flat correction. This means, that all requirements already has been fulfilled and by definition red wave (2) now could be complete. That said, we do expect red wave (C) to […]
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 […]
Morning Report: 07.00 London This morning, safe havens are firmly in play as investors fret over the state of Argentina and Turkey, alongside the impact of fresh tariffs landing on China. The Japanese yen is in strong demand, with the USD/JPY dropping below 111.00 again this morning after yesterday’s heavy reversal. The AUD/JPY is down […]
USDCAD managed to spike slightly above the 1.30 key level today after the rebound on the 2 ½ -month low of 1.2886, maintaining its downward pattern started from 1.3276 in late June. The RSI has changed direction as well, moving towards its neutral threshold of 50, a sign that the market could continue to recoup the […]
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 -August 31st 2018 Related Posts:Technical Analysis of […]
https://pepperstone.com/en/forex-news/market-review -Asian currencies fall overnight. -Pres. Trump makes a grave threat to global trade. -Official Chinese PMIs show good growth. -Japanese Industrial production dips again. -The tough choices we face over the climate and environment. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To Forex Trading? […]
AUD/USD is approaching its support at 0.7243 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 0.7311 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is testing its support at 3.8% where a corresponding bounce is expected. AUD/USD is testing its […]
When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data too such as Revised UoM Inflation Expectations, […]
GBP/USD is approaching its resistance at 1.3075 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.2934 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. GBP/USD […]
In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y and the US will release some Economic Data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, and Chicago PMI. So there is a probability the USD/JPY pair will move with low to medium […]
• AUD/CHF broke long-term support level 0.7140 • Further losses are likely AUD/CHF continues to fall inside the short-term impulse wave 3 – which recently broke through the long-term support level 0.7140 (which stopped the sharp downtrend in June of 2017, as can be seen below). The breakout of the support level 0.7140 accelerated the […]
• Copper reversed from resistance zone • Further losses are likely Copper recently reversed down from the resistance zone lying between the key resistance level 272.30, 50% Fibonacci correction of the previous downward impulse (i) and the resistance trendline of the daily down channel from June. The downward reversal from this resistance zone started the […]
As #AstonMartin announces plan for a floatation, IGTV’s Victoria Scholar brings you more details about the potential listing along with its first half results. #AstonMartinIPO Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and […]
#SoloOil sells out of its private ownership position at #HorseHill and moves the money into an investment into UK Oil & Gas stock. Solo Oil managing director, Dan Maling, explains the reasoning behind the move that saw shares rise 15%. As Maling explains, the new board continues to seek out #investmentopportunities in the oil and […]
It’s the final trading day of both this week and August, so let’s take a look at the potential market movers. A couple of releases open this agenda at 6 o’clock in the morning, including German Retail Sales for July. Volatile monthly measure of retail sales rose by 1.2% in June to partially recover May’s […]
GOLD PRICES rose back to last week’s closing level around $1205 per ounce in London on Thursday as new US data put inflation up in line with the Federal Reserve’s official target for the first time since spring 2012. The personal incomes and outlays report for July said the cost of living rose 2.3% […]
You’re watching Thursday’s FX Midday Snapshot brought to you by the Dukascopy TV Team. Euro/Dollar shows limited rate movement of 44 pips, but the pair has attracted an average amount of funds. Neutral sentiment is close to an even balance. Both sides have seen some opportunities, but the generally narrow price movement range is the […]
This week, the Conference Board released data on consumer confidence in the United States. The data showed that the consumer confidence was at the highest level in 18 years. This was good news to the Trump administration and Americans in general. However, the data was in contrast to the one released by the University of […]
Here are the latest developments in global markets: FOREX: Pound/dollar stalled yesterday’s rally, trading at 1.3016 (-0.08%) as the EU’s Brexit negotiator Michel Barnier talked down expectations of a Brexit deal today, saying that the bloc must be prepared for a “disorderly” exit. His comments came a day after he said that the UK could be offered […]
Today, there is a breakdown of a control zone at 0.7300-0.7294, which is the determining support for the upward movement. The fixation below the zone will mean the continuation of the formation of the medium-term accumulation zone. The breakdown of a control zone will give an opportunity to search for favorable prices for the sale […]
On 25th August, XM hosted a new free forex trading seminar for online investors in Manila, the Philippines on the use of technical analysis. The City of Manila has been the venue of a series of seminar organized by XM, designed to reach through to all those to whom high-level forex education and informative guidelines […]
Overview: The NZD/USD pair couldn’t break support at the level of 0.6650. The level of 0.6650 coincides with 38.250% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
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 […]
In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. […]
