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With the resignation of two UK cabinet members outside a reshuffle for the first time since 1982, what are the implications for markets with the political uncertainty, and how much longer can the Prime Minister Theresa May last? Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 For more Brexit news: https://www.ig.com/uk/view-ig/the-_brexit-bulldog-resigns–what-now–180709?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 […]

The Industrial index performed well on the back of Nonfarm payrolls on Friday but was hard hit by US President Trump’s announcement of an additional $200B in tariffs on China last night. This has ended the leg higher that was built from 24000.00 with price now testing down to the 200DMA at 24600.00. The 100 […]

The EURCAD pair is in a precarious position at the moment with trading restricted by the resistance trend lines overhead and supported by moving averages underneath. The BOC rate decision will be released this evening and this can impact the pair substantially with these nearby technical levels weakened as a result. In this regard we […]

The Dukascopy TV team brings you the Spike Controller, so you can stay on top of your trades this Wednesday. Euro/Dollar’s long term average spread is point 38 pips and peak separation has been 1 and a half pips. The pair rose by point 51% or 60 pips, but it has since given up most […]

Recently, USD/CAD has been trading upwards. The price tested the level of 1.3168. According to the H4 time – frame, I found a broken downward trendline in the background, which is a sign that selling looks very risky. I also found a broken intraday bullish flag pattern, which is another sign of strength. My advice […]

Recently, GBP/USD has been trading downwards. The price tested the level of 1.3240. According to the H1 time – frame, I found a broken upward trendline in the background and potential completed flat upward correction (abc flat), which is a sign that buying looks very risky I also found a broken intraday bearish flag pattern, […]

• USDCAD reversed from support zone • Likely to rise further USDCAD recently reversed up from the support zone lying between the powerful support level 1.3070 (former major resistance level which reversed the price sharply in March and June, as can be seen from the daily USDCAD chart below). The upward reversal from this support […]

• Copper broke support level 2.8000 • Likely to fall further Copper continues to fall after the earlier breakout of the support level 2.8000, which reversed the previous sharp minor impulse wave 1 with the daily Hammer at the start of July. The breakout of the support level 2.8000 strengthened the bearish pressure on this […]

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:EUR/USD: trading plan for the US session on April 16th… April 16, 2024 In my morning […]

EURJPY has advanced considerably over the last three weeks after the rebound on the 126.60 support level. During yesterday’s trading session, the pair hit a fresh seven-week high of 130.75 and then plummeted until the 20-simple moving average (SMA) in the 4-hour chart. Currently, the market is trying to erase earlier losses as it is set to create the […]

Bitcoin analysis for 11/07/2018: Cryptocurrency malware that infected more than one million computers in China has reportedly earned over $ 2 million in its developers over two years. According to a local press report, the police in the Chinese city of Da Lian arrested 20 suspects from a computer company that allegedly took control of […]

Let’s find out how the interbank compares with the technicals at 8 AM GMT on this Wednesday. Six of the Euro/Dollar’s short term signals are neutral. Mid and long terms both have 4 neutrals. Interbank sentiment is bearish at 16% short. Pound/Dollar has 5 studies pointing North in the hourly chart. Mid and long terms […]

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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the […]

Here are the latest developments in global markets: FOREX: The US dollar index is practically flat on Wednesday, after posting some very modest gains in the previous session. Commodity-linked currencies like the aussie, kiwi, and loonie, are all lower, following news overnight that the US is planning another set of tariffs against China. STOCKS: US markets closed higher […]

On Tuesday evening, the US announced that it is preparing a list of Chinese commodities worth USD 200 billion, which may be subject to subsequent 10% customs duties. Information electrified the market. In the first USD/JPY reaction, it fell from around 111.30 to 111.05. AUD is hit the hardest, which has been pushed to USD […]

The EUR/USD pair has pulled back below 1.17 yesterday. The price challenged the 4-hour kijun-sen support and managed to stay above it. Price reversed higher towards 1.1740 and it still trades above the tenkan- and kijun-sen indicators. The trend remains bullish as the price is still above the Kumo (cloud). EUR/USD has pulled back as […]

The Gold price made a deep pullback yesterday below $1,250 but managed to close above it. Gold price could be making an ABCD pattern with $1,272 as the first target and $1,290 as the second target. The Gold price has more upside potential than downside. Red lines – targets Black line – resistance Blue lines […]

AUDUSD retreated after the pullback on the 0.7475 resistance level on Tuesday which is slightly below the 40-simple moving average (SMA) in the daily timeframe. The short-term technical indicators are bearish and point to more weakness in the market. Currently, the price touched the 20-day SMA, which acts as a strong support level for the bulls. However, […]

Morning Report: 07.00 London The US dollar is on the rise this morning as markets adjust to the impact of Trump’s Tariffs across the world. The AUD/USD has been hit hardest, with a sharp reversal yesterday and follow on selling this morning. The AUD/JPY hit a barrier yesterday and sold off heavily. The EUR/USD is […]

The risk on mode continued in yesterday’s trading session with Asian, European and US markets closing higher. After the US close President Trump threatened to expand tariffs on additional $200B worth Chinese products. This led to a selloff in stocks wiping out all of yesterday’s modest gains and eating into the gains from Monday. Risk […]

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. The 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 already achieved. The price level of 0.7050 was considered […]

Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained 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 where a descending high was established. However, the EUR/USD bulls […]

4-hour timeframe Amplitude of the last 5 days (high-low): 92p – 79p – 71p – 87p – 174p. The average amplitude for the last 5 days is 101p (89p). In the United Kingdom, a political crisis is brewing. Yesterday, it became known that Foreign Minister Boris Johnson and the Minister for Brexit David Davis decided […]

When the European market opens, some Economic Data will be released such as German 10-y Bond Auction. The US will also release the Economic Data such as Crude Oil Inventories, Final Wholesale Inventories m/m, PPI m/m, and Core PPI m/m, so amid the reports, EUR/USD will move in a low to medium volatility during this […]

In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, and Core Machinery Orders m/m. The US will also release some Economic Data such as Crude Oil Inventories, Final Wholesale Inventories m/m, PPI m/m, and Core PPI m/m. So there is a probability the USD/JPY pair will move with low to medium volatility […]

Analysis of wave counting: During the trades on Monday, the currency pair EUR / USD added several points and remained, therefore, within the framework of the proposed wave 3, c, 4. Thus, the wave pattern for the past day did not change, and the pair has a good potential for further increase with goals that […]

Overview: The NZD/USD pair continues to move downwards from the level of 0.6840 (23.6% of Fibonacci retarcement). This week, 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 is seen at 0.6840 followed by […]

Overview: The GBP/USD pair is still trading 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. Furthermore, the […]

https://pepperstone.com/en/forex-news/market-review -The USD gains vs trade related names except for the BRL. -Central banker speeches and key BOC meeting on tap -China threatens to hit back if the US imposes fresh tariffs. -The US may offer Iran Sanction waivers. -Trump in a ‘fighting mood’ as he heads to Brussels. -Oil prices and the US 500 […]

4-hour timeframe Amplitude of the last 5 days (high-low): 52p – 51p – 70p – 88p – 58p. The average amplitude for the last 5 days is 64p (72p). Important macroeconomic reports during the first trading day of the week in the European Union and the United States were not published. However this happens often […]