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In June 2014, the GBP/USD pair reached a high of 1.7185. After that, the pair started moving down, with the descend accelerating in June 2016 after the Brexit vote. Yesterday, the pair continued to move lower, reaching a low of 1.2840, the lowest level since August last year. The current descent is because of the […]
The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]
We would like to inform you that due to Assumption Day and Summer Bank Holiday in the United Kingdom, both of which take place in August, the trading hours of various instruments will be affected on 15 and 27 August 2018. Please review the tables below to see which instruments will be affected and how: […]
USDJPY edged sharply lower over Wednesday’s session as it penetrated the medium-term ascending trend line to the downside. Also, the price successfully dropped below the simple moving averages and the 23.6% Fibonacci retracement level of the upleg from 104.60 to 113.16, around 111.13. The technical indicators confirm the bearish retracement mode in the price action. Looking at […]
The dovish overtone of the RBNZ statement is the most interesting element of night trade. NZD is the biggest loser between the majors with the stability of the rest of the cross. Data on inflation from China fell above forecasts. USD / JPY initially raised to 110.70 but managed to make up for declines and […]
The global investors were not surprised by today’s RBNZ decision on interest rates. As expected, it remained at 1.75%. However, the forecasts for next year have been reduced. By the end of 2019, the base rate is to be at 1.8% (previously expected 1.9%). This means that the rate hike path will be delayed until […]
Trump’s administration has presented a list of further goods from China, which it intends to cover with customs duties this month. However, the new episode of trade wars does not bring about the reaction of the market, which is systematically immune to this type of information. The newly announced $ 16 billion worth of commodities […]
Morning Report: 07.00 London The NZD/USD is struggling after the RBNZ opted to push out its interest rate forecast further into the future. The Kiwi is trading below 0.6700 for the first time this year. The British pound continues to struggle in the face of Brexit fears, with the GBP/USD trading at its lowest levels […]
Overview: The NZD/USD pair opened below the weekly pivot point (0.6683). It continued to move downwards from the level of 0.6705 to the bottom around 0.6661. Today, the first resistance level is seen at 0.6705 followed by 0.6732, while daily support 1 is seen at 0.6661. Furthermore, the RSI starts signaling a downward trend; therefore, […]
The agent of the US Drugs Agency (DEA) noted that the role of Bitcoin in crimes dropped to only 10 percent of transactions, while the number of transactions themselves increased dramatically – criminal activity using cryptocurrencies has fallen by 80 percent since 2013. In the interview for one of the financial television, Special Agent DEA […]
Overview: Pivot point: 1.3048. The USD/CAD pair continues to trade downwards from the level of 1.3048. This week, the pair dropped from the level of 1.3048 to the bottom around 1.2974 then set around the spot of 1.3011. Today, the first resistance level is seen at 1.3094 followed by 1.3132, while daily support 1 is […]
The AUD/USD pair now moving in a Bearish bias, this condition is already confirmed by the price moving orderly bellow the Moving Average 100 periods and inside the down slope channel at the Daily Charts, although now this pair is moving in a Sideways condition because the Stochastic Oscillator is now already at Overbought level […]
At the Daily Charts we see the NZD/USD pair moving in a Bearish bias. This can be confirmed by the price moving bellow the Moving Average 100 periods, now because the Stochastic Oscillator already at Oversoldlevel area there will be a correction to the upside in a few days ahead at least to test the […]
When the European market opens, some Economic Data will be released such as ECB Economic Bulletin. The US will release the Economic Data too, such as 30-y Bond Auction, Natural Gas Storage, Final Wholesale Inventories m/m, Unemployment Claims, Core PPI m/m, and PPI m/m, so, amid the reports, EUR/USD will move in a low to […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, M2 Money Stock y/y, and Core Machinery Orders m/m data, and the US will release some Economic Data such as 30-y Bond Auction, Natural Gas Storage, Final Wholesale Inventories m/m, Unemployment Claims, Core PPI m/m, and PPI m/m. So there is […]
https://pepperstone.com/en/forex-news/market-review -The Kiwi falls sharply versus the USD. -Dollar index holds above 95. -The RBNZ isn’t raising interest rates. -New US sanctions on Russia are approved. -China hits back with tariffs of its own. -How the Trade War escalated in 2018. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]
On the pair, a local accumulation zone was formed between the two control zones. The a control zone (KZ) resistance is at 1221.13-1219.58, formed from the August low, and support is a weekly short-term order of 1203.68-1200.58. The downward movement remains a priority while the pair trades below the a control zone of 1221.13-1219.58. The […]
Finally, EUR/NZD broke clear above resistance at 1.7224 to confirm that red sub-wave iii higher towards 1.7510 is developing. Resistance at 1.7510 should not be able to hold back the ongoing rally for long and once cleared the next target to look for is seen at 1.8369 on the way higher to our long-term outstanding […]
The leader of the precious metals sector, who marked its worst start in the last decade, managed to take a breather due to the strengthening of the Chinese yuan and the Japanese yen against the US dollar. The strong US currency has become the main culprit of the XAU/USD pair slumping by 7% since the […]
4-hour timeframe Technical data: Upper linear regression channel direction – down. The lower channel of linear regression: direction – down. Moving average (20, smoothed) – down. CCI: -86.4419 On August 7, the GBP/USD currency pair was trading near the Murray level “0/8” with a minimum range of movements against the background of the complete absence […]
• EURGBP broke resistance zone • Further gains are likely EURGBP continues to rise after the recent breakout of the resistance zone lying at the intersection of the primary resistance level 0.8950 (which has been reversing the price from last November) and the resistance trendline of the daily up channel from April. The breakout of […]
• Palladium falling inside minor impulse wave (iii) • Further losses are likely Palladium continues to fall inside the minor impulse wave (iii) which started recently from the resistance zone lying between the resistance level 935.00 (former support from June and July) and the 50% Fibonacci correction of the previous downward impulse from June. The […]
EURGBP has risen sharply from its lowest since around mid-July of 0.8854 touched last week. Earlier on Wednesday it posted a 10-month high of 0.9016, while it is currently trading not far below that zenith. The positively aligned Tenkan- and Kijun-sen lines are acting as a testament to the bullish momentum, though the Chikou Span […]
US 30 index has been in a flying mode in the past four consecutive days, creating a new more than a five-month high of 25691.10. The upward pattern started at the late of March, however, today, the price seems to have a red day. In addition, the technical indicators are turning slightly to the downside as […]
Let’s take a look at the potential market movers scheduled for publication on Thursday, the 9th of August. ECB Economic Bulletin issue number 5 will be available at 8 o’clock in the morning. Canadian Housing Starts for July follow a quarter past noon GMT. Starts surged by 28% month on month in June to reach […]
On 20th October, XM revisits Cairo, Egypt, with yet another brand-new forex trading seminar that features one of the most compelling topics for online investors who wish to absorb practical knowledge: candlestick chart trading. Accompanied by our XM company representatives, seminar speaker Habib Akiki, Senior Market Strategist of Tradepedia LLC, will welcome event guests at […]
Trading recommendations: According to the 15M time frame, I found that sellers are in control. I also found a potential bearish flag in creation, which is a sign of weakness. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The downward target is set at the […]
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1627. Anyway, according to the M30 time frame, I found that price rejected from the weekly pivot and daily resistance 1, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is […]
It’s time for the midday snapshot, where we assess the performance of traders until 12 PM GMT on this Wednesday. Euro/Dollar stood slightly in the red at noon after walking in a total range of 49 pips. Turnover is typical and neutral sentiment of the traders is 7% short. Both sides have had their profit […]
