Morning Report: 07.00 London The Japanese yen is struggling after the BoJ opted to keep rates on hold against an outside chance of easing moving to an end. Instead, the BoJ announced that headline interest rates were likely to remain at historic lows or the foreseeable future. The USD/JPY has risen, though the weak dollar […]
When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Prelim Flash GDP q/q, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will […]
In Asia, Japan will release the Housing Starts y/y, Consumer Confidence, Monetary Policy Statement, BOJ Policy Rate, BOJ Outlook Report, Prelim Industrial Production m/m, and Unemployment Rate. The US will also release some Economic Data such as CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, Personal Income m/m, Personal Spending m/m, Employment Cost Index […]
https://pepperstone.com/en/forex-news/market-review -The EUR and AUD gain as the dollar is largely unchanged. -BOJ no changes now but it will adjust its framework. -China PMIs show slowing growth in manufacturing. -The US Treasury bumps up its borrowing forecasts. -Oil prices edge higher on supply side concerns. The overnight changes and price moves to be aware of […]
The US dollar continues to balance against major currencies in the wake of a high degree of uncertainty, which happened because of Donald Trump’s actions as one of the reasons while struggling to maintain the US economic and political domination in the world to a greater extent, economic reasoning. On the other hand, the world […]
The dollar resumed its growth, and most clearly this was seen in the example of the single European currency. As for the single European currency, once again everything revolved around the customs policy of Donald Trump. At the very beginning of the week, a meeting was held between Donald Trump and Jean-Claude Juncker, after which […]
There is nothing new to add here. We need a break above resistance at 1.7205 to confirm a corrective low is in place for a rally towards 1.7305 on the way higher towards 1.7510 and 1.7970. Support remains seen near 1.7116 and will ideally continue to protect the downside for the expected break above 1.7205. […]
EUR/JPY found support near the 61.8% corrective target at 128.98 (the low was seen at 129.09). The following break above the channel resistance-line indicates that red wave ii has completed and red wave iii now is developing. To confirm this is the case, we still need a clear break above resistance at 130.44. A clear […]
In the center of investors’ attention, central banks will be in place by August 3. Following the ECB, which intends to keep rates at current levels, at least until September 2019, regulators from Japan, the United States, and Britain will have their say. The BoJ, after several months of hibernation, is ready to make adjustments […]
The global investors are now focusing their attention on the Bank of Japan meeting, which will be finalized tonight. BoJ might keep monetary policy parameters unchanged, although in recent days there has been a discussion that important modifications are being prepared. One of the ideas is to reduce investment in ETFs based on the Nikkei225 […]
Google joined Apple, banning the app to extract cryptocurrencies from its mobile app store. According to the Android Police report, the Internet giant has revealed a change in its position in the latest policy update for Google Play developers. The company’s latest policy states: “We do not allow applications that copy cryptocurrencies on devices. We […]
The weekend did not offer any new data that could set the sentiment of the global investors and drag the non-directional trade from the previous week. A key publication in the form of GDP from the US proved to be difficult to figure out. On the one hand, the dynamics of 4.1% was the first […]
The weekend did not offer any new data that could set the sentiment of the global investors and drag the non-directional trade from the previous week. A key publication in the form of GDP from the US proved to be difficult to figure out. On the one hand, the dynamics of 4.1% was the first […]
Trading plan for 30/07/2018: The new week starts with stable trade, as investors wait with patience for key events and decisions of central banks, and the end-of-month vision also inhibits shopping incentives. USD is in the middle of the rate with the strongest NZD and the weakest AUD, CAD – real proof of the lack […]
Cobus Loots, CEO of Pan African Resources, tells IG that he has his sights back on returning shareholders an improved share price. Loots says that he wants to double the share price back to the levels at the start of the year. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom […]
• EURGBP reversed from support area • Further gains are likely EURGBP continues to rise after the recent upward reversal from the support area lying between the key support level 0.8800 (former resistance from June) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of May. The upward reversal from […]
• Cotton broke key resistance level 88.70 • Further gains are likely Cotton continues to rise after the earlier breakout of the key resistance level 88.70 (which stopped the previous short-term impulse wave (i) at the start of July, as can be seen below). The breakout of the resistance level 88.70 should accelerate the active […]
Jeremy Naylor is joined by James Bevan, from CCLA, to run through his list of attractive banking stocks, including HSBC, Barclays and Lloyds. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and commodities – […]
Apple’s earnings report for its fiscal third quarter is due after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation of the Phones and Handheld Devices peer group. Thomson Reuters consensus estimates are putting the iPhone maker’s quarterly earnings per share (EPS) at $2.18, […]
The final day of July is packed with fundamentals, so let’s take a closer look with the Dukascopy Economic Calendar. German Retail Sales for June open this agenda at 6 o’clock in the morning. Sales plummeted by 2.1% in May and this was the biggest slide in years. German unemployment change for July follows at […]
Data on US personal income and spending is not anticipated to attract the usual level of attention on Tuesday (due at 12:30 GMT) as the June figures were already incorporated in last week’s robust GDP stats. The focus will therefore be on core PCE inflation, which the Fed puts the most emphasis on when setting […]
Technical outlook: The US Dollar Index has dropped to a potential support level now, around 94.40/50 levels. Please note that the corrective drop has reached the 50% retracement of the previous rally from 94.10 through 94.90 levels respectively. Also looking at the overall wave structure, the US Dollar Index looks to be carving out its […]
GOLD PRICES dropped back on Monday morning in London ahead of several key central bank meetings this week, writes Steffen Grosshauser at BullionVault. Rumors in Tokyo say the Bank of Japan may ‘tweak’ its QE asset purchase scheme Tuesday. Supported by last week’s strong US GDP data, the Federal Reserve is then expected […]
Apple stock prices declined considerably on Friday after they found a strong resistance obstacle on the all-time high of 195.88. In addition, the stock has been developing within an upward sloping channel since November 2016. The technical picture supports that the bound is likely to continue in the short-term. Looking at momentum indicators, the RSI is heading south slightly above it […]
This is the Dukascopy Midday Snapshot for Monday, where we’ll take a closer look at how well the market players have worked out the rate movements. Euro/Dollar has moved up by a total of 45 pips and a gain of point 19% was posted at noon. Turnover is low and neutral sentiment of the traders […]
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 […]
Technical outlook: The EUR/USD pair has managed to reach close to the 1.1700 mark now which is 0.618 retracement of the previous boundary. As projected on the above chart, the pair should face resistance here and reverse lower. Looking at the wave structure, EURUSD has carved out a potential triangle as wave (4) of the […]
Overview: The major resistance of the AUD/USD pair is seen at the level 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 0.7554. […]
GBP/USD is approaching support at 1.3082 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where we expect price to bounce up to its resistance at 1.3213 (61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 3.75% where a corresponding bounce could occur. GBP/USD is approaching […]
This week will be an important one for the US and the Japanese economies as their central banks make their seventh interest rates decision. On Thursday, the Federal Reserve will conclude its two-day meeting and release its decision while BOJ will do so on Friday. Traders don’t expect the two banks to do any rate […]
