Morning Report: 07.00 London The New Zealand and Australian dollars are the main movers, with the NZD/USD down 0.92% and the AUD/USD down 0.42%. The Aussie is dropping after poorer than expected CAPEX data this morning. The pound is holding yesterday’s gains made after the EU’s Michel Barnier proclaimed a special deal for the UK, […]
The British pound maintains its position at 1.3020 on Thursday morning after rising by 1.2% from 1.2870 on Wednesday on the tone softening of the EU in the negotiations about Brexit. The chief negotiator from the EU suggested maintaining close ties with Britain, although outside the single market. These comments provoked the sharpest strengthening of […]
USDJPY came close to breaking the 112.00 level on Wednesday, finishing the day at a one-month high of 111.86. According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped above its neutral threshold of 50, though the fast Stochastics suggest that the market is located in overbought […]
Starting on 20th October, XM will visit further Latin American countries to provide professional forex education to online investors in Costa Rica, Colombia, Argentina and Chile. The seminar series features a highly useful topic, namely the technical analysis techniques used when trading forex or other financial instruments, and it will reach the following cities: San […]
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When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, German Prelim CPI m/m, and German Import Prices m/m. The US will release the Economic Data too such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and […]
In Asia, Japan will release the Retail Sales y/y and the US will release some Economic Data such as Natural Gas Storage, Unemployment Claims, Personal Income m/m, Personal Spending m/m, and Core PCE PriceIndex m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
https://pepperstone.com/en/forex-news/market-review -AUD, NZD KRW and ZAR all down on the day. -The dollar index was largely unmoved. -German inflation, Canda GDP & Weideman speech on tap. -IMF to review its timetable after Argentina’s request. -How does the current US boom stack up? The overnight changes and price moves to be aware of by Pepperstone’s Market […]
The fastest intraday gold gain over the past five months, against the backdrop of Jerome Powell’s speech in Jackson Hole, forced the market to rack his brains over the question: from what level will the speculators start fixing profit in short positions en masse? Their net shorts by the end of the week by August […]
Wave picture of the H4 chart: The prevailing trend on the gold chart moves the price downwards. The last and incomplete part from April 12 forms a wave of analyzed scale. The wave pattern of the H1 graph: Bear zone from June 14 forms the final part of a larger wave. The wave pattern of […]
The upward impulse of the AUD/USD pair lost its strength, and the price gradually began to slide down. Such a price pullback was quite expected, if we recall the reasons for the strengthening of the Australian dollar. The “aussie” rose on the news about the resolution of the political crisis, when as a result of […]
The fundamental background of the pound-dollar pair is changing with kaleidoscopic speed. On Tuesday, traders were full of optimism in anticipation of a global “thaw” in relations between the US and a number of other countries, but today the market began to sink into the usual pessimism. Some fundamental factors that supported risky currencies turned […]
• EUR/AUD rising inside impulse wave 3 • Further gains are likely EUR/AUD continues to rise inside the short-term impulse wave 3 – which recently broke through the key resistance level 1.5870 (which has been steadily reversing the price from the middle of May). The breakout of this resistance level accelerated the active medium-term impulse […]
• Natural Gas broke support area • Further losses are likely Natural Gas continues to fall after the earlier breakout of the support area lying between the key support level 2.900 (which reversed the previous waves (iv) and (b)) and the 38.2% Fibonacci correction of the previous ABC correction 2. The breakout of this support […]
The European Commission is delivering its monthly consumer and business survey results on Thursday at 0900 GMT and forecasts signal that economic sentiment in the 19 countries sharing the euro currency has deteriorated even further in August. While an upside surprise could move the euro higher, traders may stay cautious on their positioning until Eurozone’s […]
NSDUSD has rebounded by almost 3% from the 2½-year low of 0.6543 touched on August 15. The downside pressure has eased for now, at least in the short term, with price action moving above the 20-day moving average (MA). However, additional gains look doubtful as the RSI appears to have peaked around the 50-neutral level, […]
4-hour timeframe The amplitude of the last 5 days (high-low): 131p – 77p – 113p – 81p – 72p. The average amplitude for the last 5 days: 95p (94p). The second trading day of the week ends disappointment for the British currency again. No, the pound rate did not decline at the end of the […]
Canada’s GDP data for Q2 are slated for release on Thursday, at 1230 GMT. Forecasts point to a material rebound in economic growth, which is likely to be pleasant news for BoC policymakers, and could support the loonie somewhat. That said, the most crucial determinant of the currency’s forthcoming direction may be how the US-Canada […]
Eurozone Economic indicators show the recovery of business activity in the euro area after a half-year weakening. In July, bank lending in the euro area grew by 4.1%, the highest growth since May 2009, the growth of capital investments indicates that the business positively assesses the state of the economy. The same conclusion was reached […]
4h The EUR / USD pair on the 4-hour chart reversed in favor of the US currency and returned to the correction level of 76.4% – 1.1675 after the bearish divergence of the CCI indicator. Quit on August 29 from the Fibo level of 76.4% will allow traders to expect a turn in favor of […]
Yesterday’s data released in the second half of the day provided significant support to the US dollar, while the political situation in Italy begins to gradually alienate investors from risky assets. According to the Conference Board report, consumer confidence in the US increased in August this year. Thus, the consumer confidence index rose to 133.4 […]
After it became known about the agreement on free trade (NAFTA) between the US and Mexico, which was the impetus for the growth of optimism in world markets, on Tuesday, or rather on the night from Tuesday to Wednesday, the press leaked news about the beginning of negotiations between the States and Canada. The news […]
GOLD PRICES held little changed in Dollar terms alongside global stock markets on Wednesday, trading back in line with last week’s finish at $1204 per ounce as commodities rose together with longer-term interest rates on major government bonds. Tuesday’s rally in US gold prices failed to stop the giant SPDR Gold Trust (NYSEArca:GLD) suffering […]
To open long positions for EUR / USD, you need: Yesterday, the buyers failed to keep the resistance level of 1.1696, and today, all attention is again concentrated on this area. Only its repeated breakthrough could lead to an upward trend in the euro in the expectation of renewing the area of 1.1721, which will […]
It’s busy with economic news releases on this Thursday, so let’s take a closer look with the Dukascopy Economic Calendar. German Unemployment Change data for August will be available at 7:55 in the morning. The number of unemployed continued declining in July, but a slower pace than expected. UK Lending to Individuals stats for July […]
It’s noon GMT on this Wednesday so let’s see how traders have performed during the morning session. Euro/dollar has been trending South and decline puts the pair point 3% in the red. Traded volume is average and neutral sentiment of the traders is at an even balance. Gradual decline puts bearish market players in better […]
4-hour timeframe Amplitude of the last 5 days (high-low): 121p – 70p – 70p – 105p – 99p. The average amplitude for the last 5 days: 93n (91p). The European currency continues to show purely technical growth. The most important thing is that the growth is almost recoilless, which is very easy to work out. […]
Here are the latest developments in global markets: FOREX: The dollar index was up by 0.14% on Wednesday, drawing support from a robust reading on US consumer confidence yesterday, and looking set to snap a three-day losing streak. Against the euro, the dollar gained 0.21%, while it was practically flat against the Japanese yen. Meanwhile, […]
Trading recommendations: According to the H4 time – frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. […]
The NZD/USD pair has been trending-up for the past few days. This bullish movement has been demonstrated within the depicted bullish linear regression channels. During today’s consolidations, lack of enough bullish momentum was demonstrated on the chart. The NZD/USD pair demonstrated a false bearish breakout below the depicted movement channels. However, immediate bullish recovery was […]
