The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of the US currency from the current levels would mean the end of the consolidation period, which has lasted since May, when the index has fluctuated in a relatively narrow range. […]
USDCAD started a rally to the upside after it formed a seven-week bottom at 1.2960 on Tuesday. The price crossed above the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3385, around 1.3072. The technical indicators are confirming the scenario for possible further upside pressure. Looking at the daily […]
EUR/USD broke through 1.15 and the activation of stop-loss orders pushed the rate to 1.1438. The drop is probably related to the continued sale-off of the Turkish lira – today USD/TRY jumped another 3.0% up to 5,7450. The Financial Times article is in the center of global investors attention, according to which European financial supervision […]
The Canadian Dollar has had a roller coaster ride due to oil, after Saudi Arabia comments and leaks from NAFTA negotiations. A lot of confusion arose from the information that as a result of a diplomatic dispute between Canada and Saudi Arabia (Prime Minister Trudeau criticized the arrest of a Saudi activist), Riyad ordered the […]
NZD/USD is the lowest since March 2016 after the RBNZ yesterday gave a clear justification for such a reaction. We were given a downward revision of the growth forecast, a reduced path for the OCR rate (forecast for an increase postponed by half a year for the third quarter of 2020), and the scenario in […]
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The US Securities and Exchange Commission (SEC) postpone the decision to introduce Bitcoin to trading on the stock exchange investment fund (ETF) by September 30, according to an official document issued by the SEC on August 7. ETFs are securities that track a basket of assets that are proportionally represented in the fund’s shares. They […]
EUR/GBP has been quite bullish with the recent momentum which leads the price higher after breaching above 0.8850 area with a daily close recently. As of the recent economic, political and Brexit situation, GBP has been struggling to perform better against EUR which resulted in such impulsive bullish pressure in the process. Today EUR French […]
Morning Report: 07.00 London The euro is set for a second day of heavy selling and is already down 0.57% today against the US dollar. The main driver is the ECB’s concerns over European banking exposure to the collapsing Turkish Lira. The EUR/GBP is reversing from the highs, following on from yesterday, but is still […]
https://pepperstone.com/en/forex-news/market-review -Majors give ground versus the US dollar. -Dollar index is at a 56 week high. -The US 100 index closes higher again. -The RBA comes ‘clean’ on inflation and the AUD falls. -Is the global growth story now a binary one? The overnight changes and price moves to be aware of by Pepperstone’s Market […]
AUD/JPY has been quite impulsive with the recent bearish gains which lead the price to reside below 82.00 support area with a daily close recently. Though the price has been quite volatile and corrective earlier as the price cleared one of the importance levels in the process, further bearish momentum is expected. AUD has been […]
After some sideways consolidation between 1.7352 – 1.7448 more upside will be expected towards the next minor upside targets at 1.7924 on the way higher towards 1.8369 and 1.8423. Support is now seen at 1.7404 and again at 1.7352. Ideally the later will be able to protect the downside for a clear break above 1.7480 […]
The break below support at 128.48 has shifted the preferred count in favor of a large expanded flat developing as wave ii. Under this count, the ideal target for wave C of ii is seen at 126.00 from where a new impulsive rally in wave iii should take over. Time wise wave ii is approaching […]
EUR/CHF is approaching its support at 1.1451 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 1.1548 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur. EUR/CHF is approaching its […]
NZD/JPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur. NZD/JPY is approaching its […]
EUR / USD A complete reversal was formed yesterday from the resistance encountered (trend correction + day Fibo Kijun 1.1630), players failed to decline. The day candle of the previous day looks some kind of uncertainty. To determine the bearish potential that would allow us to fight again for the weekly bearish trend recovery (1.1508) […]
To open long positions for GBP/USD, it is required: Buyers were able to hold the weekly lows and formed a false breakout and a new lower limit around 1.2843. However, it is still necessary to break through the level of 1.2893 to resume the corrective growth. Only after a consolidation at this range, you can […]
As the pound slumps to an 11-month low, Mike Ingram, chief market strategist at WHIreland, said there’s not an immaterial chance of the UK crashing out of the EU, which continues to pressure the #pound. #brexit #sterling Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more: https://www.ig.com/uk/trading-opportunities/more-downside-ahead-for-sterling-amid-brexit-no-deal-risk-180809?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 […]
• Silver rising inside minor corrective wave (ii) • Further gains are likely Silver continues to rise inside the minor corrective wave (ii) which started recently from the combined support zone lying between the key support level 15.30 (which has been reversing the price from the middle of July) and the lower daily Bollinger Band. […]
• NZDCHF broke support zone • Further losses are likely NZDCHF recently broke sharply through the support zone lying between the support levels 0.6650 (which stopped the previous impulse wave 1) and 0.6700 (which has been reversing the price from last November). The breakout of this support zone accelerated the active short-term impulse wave 3 […]
London Gas Oil futures have reversed back up again after finding support near the long-term ascending trend line. After the pullback on the 704.13 resistance level, the price came under pressure and started a downside rollercoaster. However, the weak picture in the short-term is further support by the technical indicators. But the technical indicators now support that the […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the broken uptrend as well as the lower limit of the depicted consolidation range. Shortly after, the price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990. The EUR/USD bulls failed to pursue towards higher bullish targets. […]
GOLD PRICES moved sideways in a tight range around $1214 per ounce amid Russia’s strong reaction to the US issuing new sanctions against it with China hitting back against the latest US tariffs and the British pound continuing to plunge on concerns of a hard Brexit, writes Atsuko Whitehouse at BullionVault. Dmitry Polyanskiy, first deputy […]
The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE’s latest forecasts. While a strong print could help the battered pound recover a little on the news, any sustained rally in the currency remains unlikely […]
NZD/USD is currently quite impulsive with the bearish momentum which is expected to lead the price towards 0.65 in the coming days. Despite the unchanged economic reports, the dovish nature of the Monetary Policy and Rate statement made NZD lose certain momentum against USD which is expected to lead to further weakness in the process. […]
AUD/USD has been quite corrective and volatile between the range of 0.73 to 0.75 area for a few weeks now. AUD has been quite positive with the recent economic reports which helped the currency to gain momentum in the process while USD is struggling with recent economic reports and Trade War situations. AUD has been […]
This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to midday. Euro/Dollar was slightly in the red after walking in a total range of 43 pips. Traded volume is average and neutral sentiment of the traders is 2% short. Both sides have seen […]
Here are the latest developments in global markets: FOREX: Sterling managed to rebound against the US dollar on Thursday, after it touched its lowest level in almost a year (+0.08%) on the back of growing worries of a no-deal Brexit, while euro/pound fell by 0.15%, dropping back below the 11-month high it posted earlier and the 0.90 handle. The rise in […]
Sterling, US and Canadian Dollar movers are on Friday’s Economic Calendar, so let’s take a closer look. A batch of UK reports open this agenda at 8:30 in the morning, including the high importance Preliminary GDP for the second quarter. According to the final revision, UK economy expanded by point 2% during the first three […]
Ross Gerber, CEO of Gerber Kawasaki and shareholder in #Tesla, told #IGTV’s Victoria Scholar that he is not thrilled about the idea of going private and we shouldn’t listen to the Tesla analysts because ‘every Wall Street analyst is dead wrong’ on the stock. #ElonMusk 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: […]
