Technical outlook: The EUR/USD pair formed a bottom around the 1.1650 levels yesterday, a few pips higher than what we expected and discussed yesterday. According to the Elliott Channel, it bounced from support and also a Fibonacci ratio as seen here. A high probable direction from here should be on the north side, above the […]
EUR / USD Players on the rise reach the resistance zone of 1.1752-76 (the lower boundary of the day cloud + weekly levels), which seems difficult to overcome. As a result, we observe the formation of a weekly rebound from the Tenkan level 1.1752. If the pair can close the current week below supports 1.1680 […]
AUD/JPY has been quite impulsive with the bullish gains recently which lead the price to push off the 81.50 support area to residing at the edge of the 83.50-84.50 resistance area. Despite the recent positive economic reports, JPY failed to gain momentum against AUD which does indicate the strength of AUD in the process. Recently, […]
NZD/USD has been quite bearish with the momentum recently which suddenly got certain bullish pressure yesterday which is expected to lead to a short-term retracement towards the 0.68-0.69 area in the coming days. NZD has been quite positive with the recent economic report of FPI increasing from 0.0% to 0.5% which helped the currency to […]
https://pepperstone.com/en/forex-news/market-review -GBP sips vs the USD, but KRW makes gains. -China trade balance data reflects trade war concerns. -Singapore and Japan both shows signs of a slowdown. -Trump speaks candidly about Brexit and PM May. -Is this the route to an EM crisis? Or will they just slowly bleed out? The overnight changes and price […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.6840 (23.6% of Fibonacci retracement). This week (from 9 to 13 July 2018), the pair has dropped from the level of 0.6840 to trade around the 0.6775 level. This level of 0.6840 coincides with the major resistance today. Today, the first resistance level […]
Overview: Pivot: 1.3276. The GBP/USD pair is still moving below the daily major resistance of the 1.3276 level. It will probably continue to move downwards from the level of 1.3276 to the bottom around 1.3191. Today, the first resistance level is seen at 1.3196 followed by 1.3276, while daily support 1 is seen at 1.3068. […]
The US will try to create a trade coalition against China Maneesha Singh, Assistant Secretary of State for Economic Affairs and Entrepreneurship, said (according to TASS): “The key area in which allies and partners share our concerns is the response to the challenge of China’s economic aggression. We are creating an international coalition to counter […]
The upward movement remains a medium-term impulse, which implies the search for favorable prices for the purchase of the instrument and the retention of part of the previous transactions. The closest growth target remains the NCP 1/2 112.64-112.53. Yesterday’s test of the NCP 1/4 110.85-110.80 allowed to open purchases. The first purpose of fixing a […]
The US dollar has seriously strengthened its positions against the European currency and the British pound amid the tensions created by the effects of growing trade tensions between the US and China. Let me remind you that yesterday the White House announced new trade duties on a number of goods from China, which immediately provoked […]
The forecast for July 12: Analytical review on the scale of H1: For Gold, the key levels on the H1 scale are: 1253.72, 1249.09, 1245.49, 1239.59, 1232.43 and 1227.55. Here, we follow the formation of a downward structure from July 9. The continued downward movement is expected after the breakdown of 1239.30. In this case, […]
Dear colleagues. The currency pair EUR / USD continue to move downwards after the breakdown of 1.1652 and the level of 1.1712 is the key support. For Pound / Dollar pair, we expect the breakdown of 1.3190 for the subsequent development of the downward movement. For the pair Dollar / Franc, we expect the price […]
4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: direction – down. The moving average (20; flattened) is up. CCI: 51.5209 On Tuesday, July 10, the currency pair GBP / USD, worked out the movings several times, but could not gain a foothold below it. […]
The world markets again felt a sense of instability and high risks that the growth of the world economy may be under serious pressure on the wave of the escalation of the trade war between the United States and China. Wednesday’s news about the US decision to increase trade duties on products from China to […]
The Australian dollar was actively cheaper on Wednesday, losing positions it won in a few days. The upward trend of the AUD/USD was again an illusion, or rather a temporary price correction. Almost all of the higher timeframe suggests that the overall trend remains to the downside, while there is no chance for a full-scale […]
JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization respectively, will be releasing their Q2 2018 earnings reports before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, in line with the average recommendation for the Banks peer group. According to analysts submitting their forecasts to Thomson […]
USDJPY managed to resume its bullish pattern started at the end of March from 104.62, hitting a fresh six-month high of 112.61 on Thursday. The market will likely hold the uptrend line intact as long as the price continues to move above its moving averages and should the 50-day (simple) moving average (MA) successfully complete […]
• USDJPY rising inside impulse wave 3 • Likely to rise further USDJPY continues to rise inside the strong upward impulse wave 3, which previously broke through the major resistance level 111.00 (which has been steadily reversing the price from the middle of May, as can be seen below). The breakout of the resistance level […]
• Brent Crude Oil broke combined support zone • Likely to fall further Brent Crude Oil recently broke through the combined support zone lying between the support level 75.00 and the support trendline of the daily up channel from the middle of February. The breakout of this support zone accelerated the active minor corrective wave […]
NZDUSD bounced higher once it printed a doji candle in the four-hour chart today, though the MACD points that risks remain to the downside as the indicator continues to expand in negative territory and below its red signal line. The red Tenkan-sen line sends bearish signals as well, distancing itself to the downside from the blue Kijun-sen line. A leg up […]
The US Dollar has been advancing ahead of the CPI report today which is expected to show the headline rate edge up to 2.9% year-on-year. The US preparing an additional $200bln of tariffs on Chinese imports caused some risk aversion but this has proven to be short lived. However, higher tariffs can be expected to […]
With US second quarter (Q2) earnings season coming up, Ben Gutteridge, head of fund research at Brewin Dolphin, tells IGTV’s Victoria Scholar that the focus will be on guidance. Gutteridge also says we should watch out for any impact from the strengthening US dollar, as well as any concerns from management about growing trade tensions […]
GOLD PRICES rallied $5 per ounce from 1-week lows against the Dollar in London on Thursday, touching $1246 and also rising versus other major currencies as Donald Trump said he has wrung a promise of higher military spending out of other Nato member states, and new US data showed the cost of living rising in […]
Trump continues to amaze. On Wednesday, Trump took part in the meeting of the heads of state of the NATO countries. For obvious reasons, Trump was in the spotlight. Trump demanded from NATO member countries to increase defense spending by 4% of GDP. This caused a general surprise: Now, most countries spend significantly less than […]
It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar declined by just 43 pips and a slight loss was posted at noon. Turnover is average and sentiment of the traders is neutral, 5% short. There have been some limited profit opportunities for bearish market players. Pound/Dollar […]
The metal has plunged lower to support at 1240.00 yesterday after retracing last month’s decline to the 1265.80 level. The 1240.00 area was the target for the double top from 1365.30 and it would appear that sellers are taking profit in this area. The low reached was 1237.50 and any move under this area could […]
Let’s take a look at the potential market movers scheduled for publication on this relatively light Friday. German Wholesale Price Index for June is out first at 6 o’clock in the morning. Prices increased by a stronger than expected point 8% in May and this was the second monthly increase in a row. Swiss Producer […]
The Canadian dollar jumped in the immediate minutes the Bank of Canada (BOC) released its interest rate decision. As expected the bank made its first rate hike since December last year. It moved the base lending rate to 1.50% from the previously-released 1.25%. It was the fourth hike since last summer. This rate – also […]
China will release its monthly trade balance data during the Asian session Friday, which will be followed by the nation’s quarterly GDP figures for Q2 early on Monday, alongside fixed asset investment, industrial production, and retail sales prints. The aussie – widely viewed as a liquid proxy for “China plays” – will be firmly in […]
Here are the latest developments in global markets: FOREX: Dollar/yen continued to advance during the European trading session on Thursday, rising by 0.49% in the day to touch a fresh seven-month high of 112.55, with the yen failing to draw any support from reports President Trump has threatened to withdraw the US from NATO. Meanwhile, euro/dollar […]
