EUR/AUD reversed off its resistance at 1.5954(61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.5734 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. EUR/AUD reversed off its resistance […]
EUR/USD reversed off its resistance at 1.1748 (38.2% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.1593 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected. EUR/USD reversed off its […]
EUR / USD On Tuesday, US macroeconomic indicators came out generally positive, but the momentum of the market and speculative optimism allowed the euro as close as possible to the lower limit of the range 1.1750-1.1822. The consumer confidence index from the Conference Board for August increased from 127.9 (revised to increase from 127.4) to […]
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 […]
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’s how the interbank compares with the technicals at 8 AM GMT on this Wednesday. Euro/Dollar has 5 studies pointing South in the hourly chart. There are 4 neutrals in the 4-hour range and all of the models are green in the long term. Interbank sentiment is bearish, just like the hourly models. Pound/Dollar’s short […]
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Here are the latest developments in global markets: FOREX: The dollar is higher by 0.10% against a basket of six major currencies on Wednesday. Even though the currency was on the back foot for most of the trading session on Tuesday, it managed to recover nearly all of its losses following the release of upbeat US consumer confidence […]
EUR/USD has reached the 1.1730 previous resistance area and pulled back as expected. Although trend remains bullish as the price remains inside a bullish channel, we warned yesterday that the RSI was giving bearish divergence signs and that a pullback should be expected. Green lines – bullish channel Blue line – bearish divergence EUR/USD has […]
Gold price is pulling back towards $1,200 for a back test of the break out. Price has also broken above the long-term wedge pattern and has started making higher highs and higher lows in short time frames. This could be the start of a bigger bounce towards $1,220-$1,250 as long as we hold above $1,180. […]
The price of WTI crude oil increased by almost $6 recently, but after the weekend, despite significant events like NAFA agreement news, the price still oscillates around Monday’s open level. The latest report on oil production among OPEC countries is very interesting to read. It turns out that the cartel is systematically approaching the intended […]
Optimism associated with the more conciliatory attitude of the United States in negotiations with trade partners temporarily diminishes as a driving force of market change. At night, trade was very dreamy today, but the dollar’s minimal appreciation is a noticeable trend. WTI crude oil after inventory data according to API is close to the minima […]
Morning Report: 07.00 London The dollar index is higher this morning, but the Greenback remains near 14-week lows. After the conclusion of Mexico negotiations, attention now turns to Canada, with the Canadian dollar making gains this morning on the back of a four-day run. The EUR/CAD is reversing recent gains, while the GBP/CAD is testing […]
AUDUSD has lost its positive momentum after the rebound on the 20-month low of 0.7200 on August 15, trading sideways between 0.7236 and 0.7380. In the short-term, the market could retain the range-bound trading as the RSI holds near its 50 neutral mark and the MACD remains around zero and close to its red signal line. The […]
We would like to inform our clients that due to Labour Day and Mid-Autumn Festival, both of which take place in September, the trading hours of various instruments will be affected on 3 and 25 September 2018. Please view the tables below to see which instruments will be affected and how: Instrument 03/09 04/09 COFFE-DEC18 […]
AUD/USD has been quite volatile and indecisive recently at the edge of the 0.7310 area from where currently it is expected to push lower in the coming days. Despite AUD having better economic reports recently, it failed to maintain the momentum against USD which is expected to lead to further downward movement in the process. […]
USD/CAD has been quite impulsive with the bearish gains recently which has lead the price to reside below the 1.2950 area with a daily close. Despite the mixed economic reports on both USD and CAD published recently, CAD has gained momentum as of better results in comparison. While US is currently quite busy dealing with […]
https://pepperstone.com/en/forex-news/market-review -AUD, KRW and INR are down but CAD is up on the day. -US Q2 GDP on tap -Donald Trump hits out at Google media bias. -New Fed deputy chair is confirmed. -Angela Merkel heads to Africa. -Longest but not the strongest bull market. The overnight changes and price moves to be aware of […]
The wave pattern of the H4 graph: The dominant trend of cross-border prices, since April 17, is directed upward towards the global trend. The wave pattern of the H1 graph: Since June 15, the ascending section formed the final part of the wave zigzag in a higher timeframe. The price has reached the boundaries of […]
To open long positions for GBP / USD pair, you need: While the trade is above 1.2891, the demand for the pound will continue. The first target will be the resistance level of 1.2931 and the main task will be to update the maximum in the area of 1.2996, where fixing profits are recommended. In […]
The euro continues to rise against the U.S. dollar, which was formed in the middle of this month. It looks like investors are planning to end the month on a positive note, getting close to the large monthly resistance levels. Data on lending in the eurozone and confidence in France supported the euro in the […]
http://my.elliottwave.com/resources/free/market-myths-exposed.pdf?tcn=ytv1703 The August Elliott Wave Theorist says, “In recent months, the media have focused on news as causal to stock market movements. Whether it is economic numbers, tariffs, OPEC’s actions, Russian shenanigans, the actions of special counsel, events in Turkey or Trump’s tweets, there is always a ready explanation—after the fact—for market movements. How valid […]
After a more detailed study of the Fed Chairman’s speech last Friday, investors concluded that the committee will not rush to the next interest rate hikes in the US and it’s time to return to risky assets that are of more interest now than the conservative dollar. This state of affairs is reflected in the […]
Trump won an important victory in the trade wars over Mexico. On Monday, world media reported: the United States and Mexico reached an agreement to amend the North American Trade Agreement (NAFTA) – in favor of the United States. Thus, Trump won an important victory in trade wars. Now Canada has a very difficult position: […]
• CHF/JPY rising inside impulse wave 3 • Further gains are likely CHF/JPY continues to rise inside the short-term impulse wave 3 – which previously broke through the major resistance level 113.00 (which has been reversing the price from the start of March) and the 50% Fibonacci correction of the downward correction (C) from February. […]
• Soy broke support zone • Further losses are likely Soy recently broke through the support zone lying at the intersection of the support level 113.00 (which stopped the previous short-term correction (a)) and the support trendline from the middle of July. The breakout of this support zone accelerated the active short-term impulse wave (c) […]
Yields of the Italian 10-year Treasury bonds have now reached today’s August highs at 3.207% and the Milan Stock Exchange is losing 0.8%, leaving behind slightly higher DAX or CAC40. The gloomy climate over Italian assets is justified by information from the government. Deputy Prime Minister Luigi Di Maio in a recent interview for Il […]
The NAFTA trade agreement between the US and Mexico gives rise to mixed feelings for CAD, but USD / CAD is still lower. Mexico wants to join Canada and continue NAFTA, but President Trump is sniffling, so the market is waiting for discounting this news. Despite this, the weakness of USD helped in the violation […]
Quotations of futures for the North Sea oil grade have risen to the maximum since early July amid a weakening of the US dollar, a breakthrough in the NAFTA negotiations, an increase in global appetite for risk and a reduction in OPEC production. For a long time, investors could not answer the questions, could the […]
After a long period of pessimism and panic sentiment, cautious optimism is gradually returning to the foreign exchange market. Of course, at the moment, it’s too early to talk about any stability but a string of negative news has been replaced by more or less encouraging developments. All this exerts background pressure on the US […]
