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Here are the latest developments in global markets: FOREX: The US dollar weakened by 0.27% versus the Japanese yen on Wednesday, with dollar/yen trading near 111.00, while the US dollar index, which gauges the greenback’s strength against a basket of six major currencies, held near its opening level. Euro/dollar returned to 1.1600 (+0.03%) after reaching an intraday high of 1.1628, while euro/yen […]

4h Quotations of the GBP / USD pair on the 4-hour chart made a turn in favor of the British currency and began a weak growth process towards the corrective level of 200.0% at 1.3047. The pair exited from the Fibo level of 200.0% will allow us to count on a reversal in favor of […]

To open long positions for GBP / USD pair, you need: To open long positions on the pound I advise only after the breakdown and consolidation above the resistance of 1.2959, which will lead to the formation of an upward trend in the area of 1.2996 and 1.3041, where I recommend fixing profits. In the […]

Recently, the Gold has been trading sideways at the price of $1,211.15. According to the M30 time – frame, I found broken upward trendline, which is a sign that sellers are in control. I also found the rejection of the resistance 1 and hidden bearish divergence on the stochastic oscillator, which is a sign of […]

USD/CHF has been quite volatile and indecisive below 0.9980-1.0050 area from where it is expected to push a bit lower before starting to push higher in the coming days. USD has been the dominant currency in the pair but as of the recent Trade War tensions and Political aspects, it is struggling to maintain its […]

Overview: The daily strong resistance of the AUD/USD pair is seen at the price of 0.7474. The AUD/USD pair fell from the level of 0.7474 towards 0.7348. But, the price rebounded from the bottom of 0.7348 to trade around the spot of 0.7474 again. The resistance is seen at the levels of 0.7474, 0.7513 and […]

Overview: The GBP/USD pair continues to move downwards from the areas of 1.3036 (which coincides with a ratio of 23.6% Fibonacci on the H4 chart) and 1.2969. Yesterday, the pair dropped from the level of 1.3036 to 1.2902. Today, resistance is seen at the levels of 1.2969 and 1.3036. So, we expect the price to […]

Let’s find out if spreads have been shaken up during the past 24 hours. Euro/Dollar’s spreads have averaged at point 32 pips over the past 24 hours and peak of point 6 pips took place about an hour ago. The pair rose by a total of point 41% or 47 pips, but most of the […]

USDMXN has lost 12.0% of its value after reaching a one-and-a-half-year high of 20.9544 in mid-June. The pair is currently trading not far above the three-and-a-half-month low of 18.3993 hit on Tuesday. The RSI, which is in bearish territory below 50, is projecting a negative short-term picture for the pair. Notice though that the indicator […]

In 2001, China entered the global trading system when the United States pushed for its inclusion in the World Trade Organization (WTO). The push was meant to achieve several things. First, it was meant to help the US companies access an economy with more than 1 billion people. Second, it was aimed at helping bring […]

EURJPY has come under renew selling pressure today after it found resistance at the 129.46 obstacle. The price tumbled below the 20-simple moving average (SMA) in the 4-hour chart, indicating further losses. The technical indicators are confirming the strong bearish bias. Looking at the short-term timeframe, the Relative Strength Index (RSI) dropped aggressively below the […]

The situation in the foreign exchange market fully characterizes the general picture formed in the world markets and reflects the picture of uncertainty made by the US for an attempt to preserve its political and economic domination in the world. The desire of the States to use their dominant position in the world geopolitics to […]

Cocoa is an important agricultural commodity found in abundance in Ghana and Ivory Coast. The commodity’s main physical market is in London while the futures market is usually in the United States and Europe. It is mostly used for the confectionary and beverage industries. In the past, cocoa was mostly an important consumer goods ingredient […]

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 […]

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 8th 2018 Related Posts:Financial future on […]

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.13% on Wednesday, extending the pullback that started in the previous session. The euro capitalized both on the dollar’s correction and on some weakness seen in sterling. […]

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 […]

4h The EUR / USD pair on the 4-hour chart fixed over the correction level of 61.8% to 1.1617, after the bullish divergence of the CCI indicator. As a result, the growth process can be continued on August 8 in the direction of the next corrective level of 50.0% – 1.1649. No new brewing divergences […]

4h The currency EUR / USD on the 4-hour chart reversed in favor of the euro and began the process of returning to the correction level of 76.4% – 1.1576, after the bullish divergence of the CCI indicator. Quit on August 7 from the Fibo level of 76.4% will count on a reversal in favor […]

The Australian dollar managed to strengthen its positions against the US dollar after the meeting of the Reserve Bank of Australia, as the results will be released today. Apparently, investors remain in a wait-and-see position, but are not so pessimistic about the future prospects of raising interest rates, which will lead to the strengthening of […]

Trade in Asia was taking place in the presence of negative information about trade wars, although there is no major market reaction. USD remains weak after Tuesday. Data from China showed a jump in imports. The stock market is in mixed moods. Late Tuesday evening, the US administration published a list of 16 billion USD […]

Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). Target levels have been achieved around 0.7050 and 0.7000. The price level of 0.7050 was considered a key-level for the NZD/USD bears. That’s why bearish persistence below 0.7050 allowed further bearish decline to occur towards the […]

Financial markets rise on positive sentiments about earnings and China’s fiscal stimulus. That pushed down the demand for USD, but more likely it is just a step back before the jump. American indices added yesterday on strong earnings reports, where tax cuts were favourable for profit. Asian indices in the morning add on speculation that […]

AUDUSD has been struggling within a consolidation area during the last seven weeks with upper boundary the 0.7475 resistance level and lower boundary the 18-month low of 0.7310. Furthermore, the pair successfully surpassed the 20- and 40-simple moving averages (SMAs) in the daily timeframe. Technically, momentum indicators are endorsing the neutral to bullish movement in 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. […]

GBP/USD has been quite bearish recently which lead the price to fall below 1.2950 area with a daily close. Ahead of the UK GDP and US CPI report this week, certain volatility is expected this pair whereas GBP is expected to take a certain lead in the process. This week on Friday, UK GDP report […]

When the European market opens, there will be no Economic Data released from the Euro zone, but the US will release the Economic Data such as 10-y Bond Auction and Crude Oil Inventories, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: […]

In Asia, Japan will release the Economy Watchers Sentiment, Current Account, Bank Lending y/y, and BOJ Summary of Opinions. The US will also release some Economic Data such as 10-y Bond Auction, and Crude Oil Inventories. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S […]

Tesla shares gained 10.99% after information appeared in the media that a large stake in the company is held by the Saudi fund, and Elon Musk wrote on Twitter that he is considering withdrawing Tesla from the stock exchange and has already secured funds for this purpose. The state-owned Saudi equity fund acquired from 3 […]

The holiday handle continues, and the macro calendar does not suggest that it should change quickly. A week after the US labor market report is always the slower period in the month, but if we take the amendment for the August slump, it is only worse. Episodes, when the EUR/USD loses or gains 30 pips, […]