Trading recommendations: According to the 30M time frame, I found that sellers are in control and the resistance at the price of $7.383 held successfully. I also found a breakout of the trading range in the background, which is another sign of the weakness. My advice is to watch for potential selling opportunities. The downward […]
Recently, the Gold has been trading downwards. The price tested the level of $1,204.17. Anyway, according to the H1 time – frame, I found that price did fake breakout of the yesterday’s low at the price of $1,206.70, which is a sign that selling looks risky. I also found a bullish engulfing candlestick pattern, which […]
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2975. Anyway, according to the H1 time – frame, I found that price has stopped at the support 1 (1.2977), which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another […]
This week, the financial market has been mixed with both positive and negative news rocking the market. This week, the earnings season for the second quarter came to an end with the release of results by Apple. The company reported strong iPhone sales and increase in services. This led the company’s stock to soar, with […]
Platinum is an important metal, mostly used by vehicle and other industrial companies. Most of it is used for catalytic conversion in vehicles. Like other metals, platinum is mined deep inside the earth’s crust, which means that it is labour intensive. Most of the platinum mined comes from Zimbabwe, South Africa, and Russia. This year, […]
EUR/AUD has been volatile and corrective recently after an impulsive bullish counter-trend momentum which is expected to push lower in the coming days. EUR has been struggling to maintain momentum in the market as of the weak fundamentals and Trade War tensions which lead the market sentiment to shift away from EUR to AUD. Today […]
The pair continues to form a medium-term accumulation zone. In the current environment, the next compilation zone was formed. Movement from the zone had a strong drop in the rate, which indicates a downward priority at the end of the current rate and the beginning of the next week. After the formation of the next […]
Overview: Pivot: 0.7387. The daily strong resistance of the AUD/USD pair is seen at the price of 0.7474 (38.2% of Fibonacci retracement levels). The AUD/USD pair dropped 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 […]
Morning Report: 07.00 London Following a day of frantic activity, markets are calm as they await today’s main ticket – Non Farm Payrolls. The US dollar index has a slight positive bias after significant gains made yesterday. The GBP/USD is unchanged so far after the Bank of England raised rates as expected, but expressed enough […]
Off the back of a big week for macroeconomic events, including interest rate announcements from the Bank of England and the Federal Reserve, we move into a relatively calm week on the data front. Well, at least to begin with. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers […]
“Buy American” was about the slogan that drove the markets yesterday. Apple shares rose by almost 3%, and the capitalization of the company exceeded one trillion dollars. Investors welcomed the growth of revenue and ignored the slowdown in sales growth, which was severely punished in case of Facebook earlier. Apple’s successes have pushed up the […]
Here’s how the technical studies line up with the interbank stance at 8 AM GMT. Euro/Dollar’s technical indicators are pointing South in all three time ranges and bearishness increases as time frame extends. Interbank sentiment is bearish as well at close to 30% short. Pound/Dollar’s hourly studies show mixed results, but indicators are mostly red […]
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 dollar was up on the margin versus a basket of currencies on Friday and at a two-week high after rising considerably on Thursday. The outcome of the US jobs report due later today, as well as any developments on global trade may constitute the next catalysts […]
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 […]
The strength of an economy is measured by several factors. Some of these factors are the strength of the GDP, the labour participation rate, inflation, business and consumer confidence, activity in the manufacturing and services industries, wage growth, and output from companies. An economy that is growing strong is an indication that the country’s fiscal […]
USDCAD formed a fresh seven-week bottom at 1.2974 on August 1 in the daily timeframe after the downfall below the strong obstacle of the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3385, around 1.3074. The pair seems to be in a bearish correction mode as the technical indicators are confirming the scenario for […]
As expected, the USD/CAD pair continues to move downwards from the level of 1.3048. Yesterday, the pair dropped from the level of 1.3048 to the bottom around 1.2974. Today, the first resistance level is seen at 1.3094 followed by 1.3132, while daily support 1 is seen at 1.2974. According to the previous events, the USD/CAD […]
The major currencies spent the night in consolidation, which means the EUR/USD stopped at 1.16, and USD/JPY drifted at 111.70. The market has maintained the strength of the dollar from the New York session and now awaits patience with the NFP report. In a wider sense, the sentiment deteriorates, which is reflected in the strengthening […]
When the European market opens, some Economic Data will be released such as Retail Sales m/m, Italian Retail Sales m/m, Italian Industrial Production m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, and French Gov Budget Balance. The US will release the Economic Data too, such […]
In Asia, Japan will release the Monetary Policy Meeting Minutes data, and the US will release some Economic Data such as ISM Non-Manufacturing PMI, Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY will move with a medium to high volatility during this day. TODAY’S […]
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 3rd 2018 Related Posts:Financial future on […]
The Bank of England raised the main interest rate by 25 bps to 0.75% in line with expectations, thanks to which for the first time since 2009 they were above 0.50%. Although almost everyone expected the increase, it was hardly anyone predicted that all MPC members would support it. Ultimately, however, the entire nine signaled […]
EUR/CAD has been quite impulsive with the bearish gains it formed last week since the bullish rejection off the 1.5450 area with a daily close. While the EURO is struggling with the recent economic reports, CAD has gained momentum despite the tension growing because of Trade Wars on both countries. Recently CAD GDP Report was […]
According to court documents, former Bitcoin trader and cryptocurrency operator from Arizona in the United States was sentenced to 41 months in prison. The federal judges issued a conviction on Wednesday after the jury condemned Thomas Mario Costanzo for five charges of money laundering. The verdict will take into account the time spent in detention […]
https://pepperstone.com/en/forex-news/market-review -Divergence in Australasia. -Dollar index above 95, Can it stay there? -The Yuan and Turkish Lira feel the heat. -The worlds most expensive fruit is an Apple. -How will NFPs and PMI data influence US rate expectations? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]
EUR/NZD is finally showing some strength. A break above resistance at 1.7205 seems imminent and a clear break above this resistance confirms that red wave iii higher to 1.7510 is in motion. Longer term much higher levels remain expected. Short-term support now is seen at 1.7180 and again at 1.7130 but they will likely not […]
EUR/JPY disappointingly moved back below support at 129.68, which has forced us to review the short-term count for the rally from the 124.59 low. This review leaves us with two possible scenarios. 1: We have seen wave i rally from 124.59 to 130.27 and wave ii was a simple deep correction to 126.61, that corrected […]
Wave marking analysis: During the trades on August 1, the GBP/USD pair traded in a very narrow range with minimal changes in the price. The meeting of the Bank of England was held on Thursday, the market activity is expected to grow, which can lead to strong movements. Thus, Thursday can dot the “I”. The […]
So, the Bank of England predictably increased the interest rate and finally put an equal sign between further tightening of monetary policy and the fate of Brexit. This fact completely leveled out all the positive from the rate hike, after which the pound, paired with the dollar, went to conquer the 29th figure with a […]
