The United States is preparing an announcement to China regarding the Cold War. The US Congress is preparing to adopt a new law on defense (National Defense Authorization Act) for $ 716 billion a year. According to congressmen, this time the law on defense will be clearly directed against China. Congressmen point to such threats […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The optimism that drives financial markets higher also drives the pursuit of luxury. This has been evident throughout financial history. Learn how this insight is relevant in 2018. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD reacts to U.S. financial independence instead of… October 18, 2023 The surge of EUR/USD […]
• Copper reversed from key resistance level 258.00 • Further losses are likely Copper continues to fall after the recent downward reversal from the key resistance level 258.00 (which also stopped the previous corrective wave (iv) in July, as can be seen below) – strengthened by the 50% Fibonacci correction of the previous downward impulse […]
• AUDCAD falling inside short-term impulse wave C • Further losses are likely AUDCAD continues to fall inside the short-term impulse wave C which recently reversed down from the key resistance level 0.9700 (former support from July) – intersecting with the support trendline from May. The downward reversal from the resistance level 0.9700 created the […]
The market is almost 100% sure that the Bank of England tomorrow will raise the interest rate by 25 basis points at the end of the August meeting. The alternative scenario is almost not taken into account, despite the increased uncertainty around Brexit and the weaker inflation data for June. Such excessive self-confidence of the […]
A new month tends to bring new aspects to the world’s market. Last month, the main aspects for the market was about the escalating global trade conflict. This month, the volatility in the global markets may rise as new data and the news come to the market. Below are key things we can expect this […]
The Bank of England (BoE) is widely anticipated to raise its benchmark interest rate via a 7-2 vote on Thursday, at 1100 GMT. Such a move is practically fully priced in already and thus, price action in sterling will depend largely on the signals the Bank sends regarding the prospect of more rate increases before […]
The euro-dollar pair stayed briefly yesterday within the framework of the 17th figure. The growth of key European indicators and the weakness of the American Core PCE could not hold the price at daily highs. By the end of the day, the pair had returned to previous levels. The mood of traders was spoiled by […]
Bank of England monetary policy announcement is among the publications scheduled on this Thursday, so let’s take a closer look. A couple of Swiss reports open this agenda and Retail Sales for June are out first at a quarter past 7 in the morning. Annual sales slipped slightly in the red in May after growth […]
UK 100 index is on track to record a strong red day as it touched again the 23.6% Fibonacci retracement level of the upleg from 6760 to 7905, around 7635.57. This week, the price is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI is currently […]
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. […]
The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until the bearish breakdown of 0.7200 occurred on April 23. Breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already. The price level of 0.7050 was considered […]
GOLD PRICES began August dead-flat from last week’s finish against a falling US Dollar on Wednesday in London, while world stock markets slipped before the latest interest-rate decision and statement from the Federal Reserve. China’s main indices led the drop in global equity prices, losing 2% for the day as Beijing said it won’t […]
The morning session is over on this Wednesday, so let’s look back at the rate movements and trader performance. Euro/Dollar has had a light session, walking in a total range of just 22 pips and attracting half of the usual funds. Sentiment of the traders is neutral, long positions are in the lead by only […]
Here are the latest developments in global markets: FOREX: The US dollar continued the bullish movement today against the Japanese yen (+0.05%), near 112.00, while tariffs returned to the spotlight as the US and China were reportedly seeking to resume talks to find common ground on trade. The main event of the day will be the […]
Overview: The daily strong resistance of the AUD/USD pair is seen at the price of 0.7474. 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 at the levels of 0.7474, 0.7513 and […]
Overview: The GBP/USD pair is still trading around the spot of the pivot point (1.3115). The GBP/USD pair is in the bullish trend from the support levels of 1.3056 and 1.3115. The price is currently in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending […]
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3120. Anyway, according to the H1 time frame, I found the rejection of the support (upward trendline), which is a sign that selling looks risky. I also found breakout of the intraday supply trendline, which is another sign of strength. My advice […]
Daily Technical Analysis – 1st August The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD. Analysis for April 8th. The pound remains expensive… April 8, 2024 The wave analysis for the GBP/USD pair remains quite complex.…EUR/USD. Analysis for April 8th. The euro will continue to… April 8, 2024 The wave analysis of […]
AUD/NZD reversed off its resistance at 1.0915 (61.8% Fibonacci extension, 76.4% & 50% & 50% Fibonacci retracement) where it is expected to drop further to its support at 1.0857 (100% Fibonacci extension, horizontal swing low support). Stochastic (34, 5, 3) reversed off its resistance at 89% where a corresponding drop is expected. AUD/NZD reversed off […]
Let’s find out if news releases have shaken up the spread levels during the past 24 hours. Euro/Dollar’s long term average spread is point 38 pips and peak separation has been 1.4 pips. The pair has moved South of the 1 17 level as it declined by a total of point 63% or 74 pips. […]
At XM we appreciate our clients as much as we value their closest family members. This is the spirit in which we organized the XM Family Day in Kuala Lumpur on 28th July 2018 to make it possible for all our event guests to spend some well-deserved quality time with their families. This unique day […]
CADJPY is back in bullish mode in the four-hour chart as Tuesday’s rally helped the market to break the range-bound trading started in mid-July and peak at a two-month high of 86.11 early today. While the MACD suggests that the market could maintain bullish momentum in the short-term as the indicator continues to gain strength above its […]
Recently, the USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time – frame, I found a potential end of the fifth wave (Wolfe wave pattern), which is a sign that selling looks risky and that buying is preferable. My advice is to watch for potential buying opportunities […]
EURJPY has enjoyed an aggressive buying interest over the last two consecutive days following the rebound on the 129.10 support level, which stands near the 38.2% Fibonacci retracement level of the upleg from 124.60 to 131.97. Having a look at the 20- and 40- simple moving averages (SMAs) in the 4-hour chart, they are indicating further upside pressure […]
Here’s how the interbank sentiment compares with the technicals at 8 AM GMT on the first trading day of August. Technical models show mostly neutral signals in all three time ranges for the Euro/Dollar, but the 23% short interbank sentiment is bearish. Pound/Dollar’s short and long term technicals are mostly neutral. There are 4 sell […]
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 […]
Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]
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 1st 2018 Related Posts:Financial future on […]
