https://pepperstone.com/en/forex-news/market-review -FX markets are quiet overnight. -Dollar index steady above 95. -The RBA leaves rates unchanged at +1.5%. -Japanese households spend less but earn more. -Auto sales in Brazil spring back to life. -What indicators say about oil prices. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. […]
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 7th 2018 Related Posts:Financial future on […]
• GBPCAD key support level 1.7050 • Further losses are likely GBPCAD continues to fall after the earlier breakout of the key support level 1.7050 (which stopped the sharp intermediate impulse wave (A) at the end of May, as can be seen from the daily GBPCAD chart below). The breakout of the support level 1.7050 […]
• Copper falling inside short-term impulse wave 3 • Further losses are likely Copper continues to fall inside the short-term impulse wave 3, which started recently from the strong resistance level 285.00 – intersecting with the upper daily Bollinger Band. The active impulse wave 3 belongs to the sharp, medium-term downward impulse wave (3) from […]
On Tuesday the Reserve Bank of Australia is scheduled to announce its monetary policy decision at 0430 GMT and markets are almost certain that the central bank will maintain interest rates at record lows as it did over the past two years. A rate statement will accompany the decision as usually, with fears over a […]
BHP is the second largest mining company in the world after Glencore. The company operates mines in more than 30 countries around the world. Its main products are copper, iron ore, nickel, coal, petroleum, and potash. Copper is one of the company’s most important commodities and is responsible for the biggest share of the revenues. […]
On Friday, the Bureau of Labour Statistics (BLS) released the jobs report for the month of July. The numbers were good, but they were lower than what traders were expecting. According to the report, the economy added more than 157K jobs in July while the numbers for June were revised higher to 248K. The unemployment […]
After a week of key central bank meetings, this week will be slightly silent, with no major economic data expected. As a result, the focus will turn to trade and political issues. Trade Yesterday, the US president sent a tweet praising his decision to impose tariffs on Chinese goods. In the tweet, he said that […]
GOLD PRICES lost early gains on Monday in London as the US Dollar firmed following further escalations of the US-China trade conflict and re-imposed sanctions on Iran, writes Steffen Grosshauser at BullionVault. Gold bullion slipped to $1207 per ounce in wholesale trade but held above July 2017’s low at $1204, the level reached again […]
GBPCHF recorded an aggressive bearish rally following the pullback on the 1.3270 resistance level, posting a five-month low of 1.2886 on Monday. Since the previous week, the pair is on the backfoot and the technical indicators suggest that the marker could ease further in the short-term. The negative bias in the near term is supported […]
EUR/USD has been quite impulsive with the bearish gains earlier which lead the price towards 1.15 support area from where certain bullish intervention is expected in the process. After the mixed NFP report, USD did get some space against the EURO but it does not define a strong trend to follow in the coming days. […]
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 […]
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. […]
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2926. Anyway, according to the H1 time frame, I found that price got little more room for the downside since the potential area of support is awaiting around the price of 1.2860. My advice is to watch for potential buying opportunities if […]
It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data. Euro/Dollar’s long term average spread is point 37 pips and peak of point 7 pips was posted during the past 4 hours. Rate movement has been calm so far this week, the biggest move is a decline […]
It’s noon GMT on this Monday and time for us to find out how this day has been shaping up for the market players. Euro/Dollar declined by a calmer than usual 40 pips to trade point 17% in the red at noon. Traded volume is average and neutral sentiment of the traders is almost at […]
Let’s take a look at the fundamentals scheduled for publication on Tuesday, the 7th of August. A couple of German publications for June are out at 6 AM, including Trade Balance. Calendar and seasonally adjusted surplus expanded in May to rise above the 20 billion mark. Industrial Production is the other item out at this […]
Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength against a basket of six major currencies, was trading higher by around 0.25%, with euro/dollar being down by 0.20% and trading around the 1-year low of 1.1530 despite Eurozone’s Sentix investor confidence index for the month of August surprisingly improving for the […]
In the past week, there was quite a lot of events that had an impact on foreign exchange markets. To name a few, these include the meeting of the Fed, and the Bank of England on monetary policy, the publication of a large package of statistics of production indicators in China, Germany, the euro area, […]
It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data. Euro/Dollar’s long term average spread is point 37 pips and peak of point 7 pips was posted during the past 4 hours. Rate movement has been calm so far this week, the biggest move is a decline […]
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 […]
Gold posted a fresh 17-month low of 1204.36 last Friday, but now it is trading slightly higher from this bottom. The aggressive sell-off continues after the bounce off the short-term falling trend line and the 20- and 40-simple moving averages in the 4-hour chart. From a technical point of view, the RSI is currently increasing negative momentum and is heading to […]
To open long positions for EUR / USD pair, you need: It is best to consider long positions of the euro after returning and consolidating above the resistance level 1.1564, which opens a direct road to a bigger area around 1.1597, where fixing profits are recommended today. If the EUR / USD continues to decline […]
AUD / USD pair The Australian dollar shows strong persistence before the pressure of the general trend of the market. On Friday, the “Australian” added 37 points against the strengthening of the US dollar index by 0.03%. However, also at this time, the growth was stopped by the balance indicator line (red). On the four-hour […]
Gold price remains inside the downward sloping wedge pattern. The trend remains bearish. Gold price is making lower lows and lower highs. The RSI continues to provide bullish divergence warnings. The key short-term reversal level has now been lowered. Black lines – wedge pattern Red line – RSI bullish divergence Blue line- RSI resistance As […]
Good morning, traders. Here’s how the technicals compare with the interbank at 8 AM GMT on Monday. Euro/Dollar’s technicals are mostly neutral in the hourly range. Mid and long term technicals are mostly pointing South, which is in line with the 33% short interbank. Most of the studies are red in all three time scales […]
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 6th 2018 Related Posts:Financial future on […]
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 are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% higher on Monday, in the aftermath of the US jobs report on Friday, which was slightly softer than consensus expectations, but still relatively strong overall. Meanwhile, the Japanese yen, attracted some safe-haven flows on Friday, ending the day higher across the board […]
On 14th July, XM welcomed online investors from Malaysia at yet another grand-scale educational event organised in Kuala Lumpur. The seminar titled How to Develop Your Own Trading System attracted a large number of traders who chose XM to receive high-standard education from. The professionalism and teaching methods of event presenter Zulle Razak captured the […]
