Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against a basket of six major currencies, was trading lower by around 0.2%, with euro/dollar being up by roughly the same proportion and trading around 20 pips below the 1.17 handle. The reaction to business and consumer confidence surveys […]
The Eurozone will see the release of its preliminary inflation data for July, as well as the first look at GDP for Q2, both on Tuesday at 0900 GMT. Forecasts are pointing to largely unchanged inflationary pressures and economic growth, something likely to solidify dovish expectations around ECB rate hikes, potentially keeping any advances in […]
Recently, the Gold has been trading sideways at the price of $1,221.25. Anyway, according to the H1 time – frame, I found breakout of upward trendline and successful re-test after the breakout, which is a sign that sellers are in control. I also found a potential end of the upward correction (ABC flat) in the […]
Trading recommendations: According to the H1 time – frame, I found that price is trading inside of the trading range. I found a potential end of the downward correction in the background (abc flat), which is a sign that selling looks risky. My advice is to watch for a potential bullish breakout of the channel […]
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 […]
A new trading week is underway and Dukascopy is back with yet another Spike Controller, so you could assess the fairness of your broker. Euro/Dollar’s daily average spread is point 4 pips and peak separation has been point 7 pips. The pair has gained point 39% or 45 pips as it moved towards the 1 […]
Gold has been consolidating since July 19 and has been stuck below the 23.6% Fibonacci retracement level near 1235 of the downleg from 1309 to 1211.38. The price holds within the upper boundary of the 1235 resistance and the lower boundary of the 1218 support barrier, while it also stands below the 20- and 40-simple […]
EUR/JPY is currently residing at the edge of 129.50 area from where it is expected to push higher again with the target towards 132.00 area in the future. JPY having straight gains since it bounced off the 132.00 area was expected to inject more bearish momentum in the pair whereas the current formation is indecisive. […]
USD/JPY has been quite impulsive with the recent bearish momentum after rejecting off the 113.20 with a daily close. The bearish momentum leads the price to fall towards 111.00 where the price has been corrective itself recently with a view of moving lower in the coming days. USD having quite a tough time competing with […]
EUR/USD has been quite corrective and volatile recently while residing below 1.1700-50 area with a daily close. Though the bears are more impulsive compared to the bulls, this may lead to certain bearish momentum, pushing the price much lower in the coming days. In light of the recent ECB Press Conference, EUR is expected to […]
4-hour timeframe Technical data: Higher channel of linear regression: direction – down. The lower channel of linear regression: direction – down. Moving average (20; flattened) – sideways. CCI: -57.1827 On June 27, the GBP/USD currency pair almost stood at one place slightly below the moving average line. Several purple bars of the Heiken Ashi indicator […]
The currencies of developed countries are moving within a narrow range at the beginning of the eventful week. The dollar index is around the mark of 94.50 and has been trading for two months in a range of slightly over 1% around this level. This quiet trading environment can be broken this week after the […]
Good morning, traders, the Dukascopy TV team is here with Monday’s Daily Trading Signals. There are 4 buy and 4 neutral signals in the Euro/Dollar’s hourly chart. Mid and long term models are mostly neutral, but the 18% short interbank sentiment is bearish. Pound/Dollar has 5 green signals in the hourly chart. Mid and long […]
Morning Report: 07.00 London Markets are generally quiet ahead of a busy week for world currencies. We have major announcements from the BoJ, Fed and BOE alongside major economic releases from the US with Non Farm Payrolls. The pound is out-performing, with the GBP/USD unchanged while the EUR/USD falls. The GBP/JPY is making small counter […]
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 […]
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 practically flat on Monday after posting some modest losses in the previous session, failing to capitalize on a strong US GDP print for Q2. Meanwhile, the yen advanced on Friday, as markets positioned for the BoJ’s policy decision, scheduled for the Asian trading session on Tuesday. […]
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 news -July 30rd 2018 Related Posts:Energy in Focus: […]
EURUSD has been remaining below the strong resistance obstacle of the 23.6% Fibonacci retracement level near 1.1760 of the downleg from 1.2550 to 1.1510, since June 14. Moreover, the pair trades around the 20- and 40-simple moving averages (SMAs) in the daily timeframe, indicating a possible sideways channel. Having a look at the technical indicators, […]
To open long positions for EUR / USD, you need: It is best to consider long positions in the euro after consolidation above the 1.1668 resistance level, which opens a direct road to the maximum in the area of 1.1698 and 1.1728 where it is recommended to fix profits. If the EUR/USD currency pair falls […]
To open long positions for GBP / USD, you need: To open long positions on the pound I advise only after the breakdown and consolidation above support 1.3119, which will lead to the formation of an upward trend in the area of 1.3165 and 1.3214, where I recommend fixing profits. In the case of a […]
USD / JPY As we assumed in the latest review of the yen (July 26), the price managed to hold onto the red trend line with additional support of the balance line (red indicator line). The yen was supported by its own data: the growth of prices for corporate services from 1.0% y / y […]
EUR / USD On Friday, in the first half of the day, economic data on France came out. The GDP for the 2nd quarter showed an increase of 0.2% against expectations of 0.3%, and consumer spending for June added just 0.1% against expectations of 0.6 %. The data raised investor interest in US economic data. […]
GBP / USD On Friday, on continuing uncertainties in the Brexit negotiation process, the British pound for the first half declined along with the euro, but with the release of US data on economic growth with the subsequent growth of the euro (the dollar index lost 0.08%), closed the day down by only 2 item. […]
Dear colleagues. For the EUR / USD pair, the resumption of the upward movement is expected after the breakdown of 1.1701. The level of 1.1615 is the key support. For the GBP / USD pair, the price is in correction. The continuation of the upward movement is expected after the breakdown of 1.3167. For the […]
(Disclaimer) The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of GBP/USD on April 26th. The pound trades on… April 26, 2024 The wave analysis for the GBP/USD pair remains quite complex,…GBP/USD: trading plan for the US session on April 26th… April 26, 2024 In my morning forecast, I paid attention to […]
On the 4-hour chart of USD/CHF, we can see a bullish harmonic pattern Gartley 222 completed. After the price has reached the first target at 0.9953 (the 38.2% Fibonacci Retrachement from point C-D), the price is now they trying to reach the second target at 0.9987 (the 61.8% Fibonacci Retrachement from point C-D). On the […]
When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Spanish Flash CPI y/y, and German Prelim CPI m/m. The US will also release the Economic Data such as Loan Officer Survey, and Pending Home Sales m/m, so amid the reports, EUR/USD will move in a low to […]
In Asia, Japan will release the Retail Sales y/y and the US will release some Economic Data such as Loan Officer Survey, and Pending Home Sales m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.64. Resistance. 2: 111.42. Resistance. […]
https://pepperstone.com/en/forex-news/market-review -MXN, ZAR, BRL post solid weekly gains vs USD. -Dollar Index is up on the week but below 95. -BTC stays above $8000. -US GDP & Japanese retail sales blow out. -The US warns of visa restrictions after Cambodian elections. – Is FAANG influence fading? The overnight changes and price moves to be aware […]
