Overview: The EUR/USD pair continues to move upwards from the level of 1.1615. Yesterday, the pair rose from the level of 1.1615 to a top around 1.1650. Today, the first resistance level is seen at 1.1676 followed by 1.1696, while daily support 1 is seen at 1.1614 (50% Fibonacci retracement). According to the previous events, […]
4h The pair EUR / USD on the 4-hour chart has increased to a correction level of 50.0% – 1.1680. End of quotes from this level Fibo worked in favor of the US dollar and the pair began to fall in the direction of correction levels 61.8% – 1.1639 and 76.4% – 1.1589. Brewing divergences […]
https://pepperstone.com/en/forex-news/market-review -CNY, MXN and ZAR all slip vs USD -The dollar index was largely unmoved. -The RBA leaves rates at 1.5% and sounds cautious. -China exports to US decline in H1. -Angela Merkel makes a compromise. -A look at global central banks and their policy rates. The overnight changes and price moves to be aware […]
From the Daily Charts we know the Gold bias is still in a Bullish Condition, this can be seen by the Gold still moving in an up Channel event. Now Gold has a correction and tries to test the nearest Support level at 1,235.72 but it seems that in a few days Gold will be […]
If we look at the Daily Charts, we will see that the Crude Oil bias is in a Bullish condition, but it seems already overbought this situation. The price is already at the top of the up channel and the Stochastic Oscillator is already at the overbought level too, basing on this fact in a […]
When the European market opens, some Economic Data will be released such as Retail Sales m/m, Spanish Unemployment Change, and French Gov Budget Balance. The US will release the Economic Data too, such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m, so, amid the reports, EUR/USD will move in a low to […]
In Asia, Japan will release the 10-y Bond Auction and Monetary Base y/y data, and the US will release some Economic Data, such as Total Vehicle Sales, IBD/TIPP Economic Optimism, and Factory Orders m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
GBP/USD is currently quite bearish in nature but having certain volatility along the way between the range of 1.3050 to 1.3320 area, the price is expected to show some bullish momentum in the coming days. Ahead of the upcoming high impact USD and GBP reports and events this week, certain volatility and spikes in the […]
The publication of the minutes of the June FOMC meeting, where the Federal funds rate was raised to 2%, the release of data on the US labor market for June and the expectations of the counteraction of opponents in trade wars fuel the interest of investors towards the Japanese yen. On the one hand, the […]
On Friday, the Australian dollar paired with the US currency unexpectedly and fairly rapidly strengthened, reaching the 74th figure. However today, the Aussie has already fallen to the bottom of the annual minima, leveling the success of last week. Such wavelike price fluctuations reflect the general nervousness of the market, which is caused by the […]
The US dollar once again resumed pressure on the world foreign exchange market. The positive mood of Friday, which was based on the news that the EU members agreed to coordinate the solution to the problem of the migratory crisis, had already disappeared on Monday, as the heavy reality of the last months, the trade […]
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• NZDCHF broke long-term support level 0.6720 • Likely to fall further NZDCHF continues to fall after the earlier breakout of the powerful, long-term support level 0.6720 (which stopped the previous sharp downtrends in May and November of 2017, as can be seen from the daily NZDCHF chart below). The breakout of the support level […]
• Platinum broke support level 860.00 • Likely to fall further Platinum continues to fall after the earlier breakout of the support level 860.00 (which was mentioned in our previous forecast for this currency pair). The breakout of the support level 860.00 follows the earlier breakout of the major support level 880.00 (which has been […]
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank almost certain to make no changes to its policy, price action will be dictated by any changes in the phrasing of the accompanying statement. Recent price action suggests investors may be anticipating a more cautious stance. […]
US stock indices are set to open lower today as trade war fears continue to plague market sentiment. It has been reported that the Trump administration is drafting a bill that allows government to raise tariffs without congressional consent which effectively takes the US out of WTO rules. Also, in an interview during the weekend […]
EURNZD has been overperforming over the last two weeks, after the rebound on the 1.6560 support barrier. The price reached a fresh seven-month high of 1.7317, during today’s trading session but currently, it remains below the 1.7290 resistance level. In the daily timeframe, the MACD oscillator is strengthening its positive momentum as it lies above […]
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 […]
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. 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 failed to […]
This week begins the second half and the third quarter of the year. Over the weekend, the biggest news came from Donald Trump’s Twitter feed. In a tweet, the president said that he had asked the king of Saudi Arabia to increase crude supply by about two million barrels and he agreed. Trump argued that […]
Unlike other recent weekends, the last weekend of the first half of the year was quite eventful. Some major news that could play an important role in the final half of the year were released. On Friday, a US news site called Axios released a new report about Donald Trump’s frustrations with the World Trade […]
The EUR/USD pair is the most liquid currency pairs in the world. Every day deals worth billions of dollars are made between the United States and the European Union. This year, the pair has lost more than 2% as demand for the dollar increases. This has happened as companies bring billions of dollars from overseas. […]
The first half of the year ended during the weekend. Year-to-date, things have not been rosy in the markets. In the cryptocurrencies scene, all currencies ended the first half of the year in bear territory. Bitcoin has dropped by more than 50%. Other cryptocurrencies projects have fallen further as well. Global stocks have had their […]
PLATINUM PRICES measured in Euros fell to a near-10 year low on the first trading day of H2 2018, while gold stayed close to this year’s low as the US Dollar strengthened again, writes Steffen Grosshauser at BullionVault. For US investors, gold fell $3 from last week’s close at $1252 per ounce, moving closer […]
Panoro Minerals holds 10.5 Bio. Pounds of copper equivalent resources and is valued at only 1 Cent per pound. Through the streaming arrangement with Wheaton Precious Metals, the company receives around 420 Mio. $ pre-financings, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides after recording 1-month peak But the 50-day SMA curbs…Analysis and trading tips for USD/JPY on April 11 (US… April 11, 2024 […]
Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot. Euro/Dollar has been trending lower by a total of 53 pips to trade point 41% in the red at noon. Turnover is low and neutral sentiment of the traders is almost at an even […]
Bitcoin is currently struggling to push below $6,500 after the recent retest from the level while the bias is currently quite bearish in nature. After the recent bounce off the $5,500 area, the price is currently correcting itself just at the edge below $6,500 area. After the recent hack attacks, the bearish momentum increased quite […]
The USD/CAD pair continues to move downwards from the level of 1.3257, which represents the double top on the H1 chart. Last week, the pair dropped from the level of 1.3257 to the bottom around 1.3130. Today, the first resistance level is seen at 1.3227 followed by 1.3257, while daily support is seen at the […]
Overview: The GBP/USD pair opened below the daily major resistance (1.3276). It continued to move downwards from the level of 1.3196 to the bottom around 1.3131. Today, the first resistance level is seen at 1.3131 followed by 1.3196, while daily support 1 is seen at 1.3068. Furthermore, the moving average (100) starts signaling a downward […]
