Let’s take a look at the potential market movers scheduled for publication on Tuesday, the 17th of July. The high importance UK Treasury Select Committee hearing on the June Financial Stability Report opens this agenda at 8 o’clock in the morning. Among witnesses will be Mark Carney, Jon Cunliffe, Andrew Bailey and Elizabeth Stheeman. Another […]
To open long positions for GBP / USD pair, you need: Buyers need to climb above the resistance of 1.3237 and gain a foothold there, which will keep the upside potential in the pound and lead to new highs in the area of 1.3269 and 1.3309, where fixing profit is recommended. In the event of […]
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 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 a […]
As US-Sino relations deteriorate amid a deepening trade war, Brock Silvers, managing director at Kaiyuan Capital, says he would welcome a correction in emerging markets (EMs). According to him, now is a great time to be a value stock picker in China, Vietnam and Malaysia. Silvers predicts EMs could be on the brink of a […]
Dukascopy Forex TV Team is back with this week’s first Midday Snapshot. Euro/Dollar has been on a rise, which has resulted in a gain of point 32%. Traded volume is average and neutral sentiment is at an even balance. Uptrend has provided profit opportunities for bullish market players. Pound/Dollar has been trending up as well […]
Here are the latest developments in global markets: FOREX: The US dollar was trading below the 6-month high of 112.79 today against the Japanese yen, but managed to add some gains to its daily performance (+0.02%) ahead of the release of the US retail sales later in the day. The dollar index, which gauges the greenback’s […]
So far nobody wants to push the market too much in any direction, and most of the global investors prefer waiting for the development of events. Meeting two strong characters Trump and Putin can always generate interesting comments that will be reflected in the trade. In the afternoon we also have data on retail sales […]
Silence in the subject of trade wars continues, therefore, risky assets have a moment to recover from the previous weakness. AUD and NZD are making up for losses, USD, JPY and CHF have become less sought after. EUR / USD is boring in a narrow range of fluctuations, and the pound remains Brexit-laden and changes, […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
• USDCHF reversed from resistance zone • Likely to fall further USDCHF recently reversed down sharply from the resistance zone lying between the key resistance level 1.0050 (which stopped the sharp uptrend in May) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting […]
• Copper reversed from resistance zone • Likely to fall further Copper today reversed down from the resistance area located between the pivotal resistance level 2.7940 (former strong support from the start of July) and the 50% Fibonacci correction of the previous downward impulse 3. The downward reversal from this resistance zone started the active […]
Recently, Gold has been trading sideways at the price of $1,243.30. According to the H1 time – frame, I found a breakout of the bearish flag in the background, which is a sign that sellers are in control. Anyway, most recently there is an intraday upward channel in creation. My advice is to watch for […]
Recently, GBP/USD has been trading upwards. The price tested the level of 1.3265. According to the H4 time – frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found potential completion of the downwrad corrective phase (abc). My advice is to watch […]
Trading has resumed this week, so stay with us to find out what the average and maximum spread levels have been for the 3 non-cross majors. Euro/Dollar’s daily average spread is point 46 pips and peak separation of 1 pip took place during the past hour. The pair has moved above the 1 17 level […]
Trading recommendations: Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $6.493. According to the H1 time – frame, I found a successful rejection of an upward trendline (support), which is a sign that buyers are in control. I also found a hidden bullish divergence in the background, which […]
Gold dipped to a fresh one-year low of 1236.27 during Friday’s trading session and posted a strong negative day, while it closed well above its intraday trough. Zooming in the 4-hour chart, the price today found a significant hurdle on the 20-simple moving average (SMA) and failed to jump above it. The technical indicators are sending different signals with […]
These are the Dukascopy Daily Trading Signals for Monday and here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly models are mostly neutral. Outlook shifts to bullish in the 4-hour chart and back to neutral in the long term. Interbank sentiment is bearish at 18% short. Pound/Dollar’s short and long […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
Last year, copper was one of the best performing assets in the world as traders placed their hopes on an accelerating economy and increasing demand from auto manufacturers. They were right. The global economy had one of the best years with synchronized growth in the emerging and developed markets. This year, a strong dollar has […]
Last week, the focus among traders, investors, and policymakers was in Europe, where Donald Trump travelled for meetings with American allies. The first meeting was with the NATO leaders where he condemned the countries for low spending on defence. He singled out Germany for paying a lower fee to defence and for building a gas […]
Last week, geopolitical issues were the main focus of traders. This week, the focus will turn to economic data and some geopolitical news. Trump-Putin Meeting After making news the entire week, Donald Trump will continue being the headliner for the week. Today, he will meet with his counterpart from Russia in Helsinki, Finland for what […]
Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Monday, extending the losses it posted in the previous session as longer-term US Treasury yields tumbled. The Japanese yen, meanwhile, is slightly lower against all its major counterparts on Monday, amid a lack of escalation in trade tensions. STOCKS: US markets […]
In the latest report, the USA, Switzerland, and Singapore were in the top three of the most favorable countries in terms of conducting initial monetary offers (ICO). Analysts associated with the Crypto Finance Conference developed studies based on publicly available data on 100 ICO projects and compiled them according to countries in terms of funds […]
The absence of investors from Japan has dampened activity on the currency market, but overall there is a slightly better climate for risk currencies. Data from China have better and worse sides, which also did not give rise to volatility. The stock market grew slightly. The weekend was also calm for events, so investors enter […]
The EUR/USD got rejected last week at the daily cloud resistance and pushed lower towards 1.16. Friday’s daily candle was a bullish reversal hammer candlestick pattern. If prices continue higher this week we could have a couple of weeks with EURUSD strength that could push the price to 1.19. Red line – short-term support trend […]
Morning Report: 07.00 London The US dollar is subdued on the eve of Trump’s historic meeting with Putin in Helsinki. It is a culmination of a trip that has left a trail of sound bites and problematic implications. Disappointing economic data from China overnight has only served to pressure the US dollar further. The dollar […]
EURUSD remains below the strong resistance level of the 23.6% Fibonacci retracement level around 1.1760 of the downleg from 1.2550 to 1.1510. However, since yesterday the world’s most traded currency surpassed the 20- and 40-simple moving averages (SMAs) in the daily timeframe, suggesting a possible upside correction. From the technical point of view, the technical indicators are […]
The Gold price is diverging. The price remains in a bearish trend. A bounce to $1,290 is justified but we cannot rule out a move to $1,200-$1,210 if $1,235-37 fails to hold. Blue lines – pitchfork Red line – RSI Support The Gold price is still below the 4-hour Kumo (cloud). The trend is bearish. […]
