EUR/CAD is currently residing below 1.53 price area after being rejected off the 1.5350 price area with an impulsive bearish daily candle. EUR has been quite weak in comparison to CAD in the current market scenario, where the price is expected to push much lower in the coming days. Despite the recent weak economic reports […]
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. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. As mentioned, […]
Since January, the price zone of 0.7320-0.7390 has been standing as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous weeks’ consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred. […]
AUD/JPY has been quite impulsive in the bearish bias after bouncing off the 84.00 area with a daily close recently. Amid the recent mixed employment report from Australia, JPY has gained impulsive momentum which is expected to encourage a further downward move in the coming days. Today, RBA Assistant Governor Ellis spoke about the nation’s […]
Overview: The GBP/USD pair opened below the weekly pivot point (1.3429). It continued to move downwards from the level of 1.3429 to the bottom around 1.3225. Today, the first resistance level is seen at 1.3429 followed by 1.3580, while daily support 1 is seen at 1.3225. Furthermore, the moving average (100) starts signaling a downward […]
Cryptocurrencies got a lift from some positive news after a week of continued declines with the market capitalisation dropping to $284bn. The US Securities and Exchange Commission (SEC) clarified that Bitcoin and Ethereum are not considered securities under the law. The statement came during a speech from William Hinman, Director at the Division of Corporation […]
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 Daily financial news by- Binary.com-June 15th 2018 Related Posts:Financial future on […]
The trade narrative has been somewhat overshadowed by geopolitics and central bank meetings lately, but that may change as soon as today. The US is set to announce a revised list of Chinese products it will impose tariffs on, which could provoke a proportional response from China and reignite fears of a trade war. While […]
Overview: Pivot: 0.7075. The NZD/USD pair didn’t make significant movement last week. The bias remains bullish in the nearest term testing 0.7185 or higher. The NZD/USD pair continues to rise from the level of 0.6977 in the long term. It should be noted that the support is established at the level of 0.6977 which represents […]
Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7459. According to the H1 time – frame, I found broken upward trendline in the background which is a sign that sellers are in control. I also found a potential end of the intraday bullish corrective phase which is a sign that […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Forex forecast 04/10/2024: EUR/USD, NZD/USD, USD/CAD and Oil… April 10, 2024 We introduce you to the daily […]
EURGBP pair was pushed lower yesterday after the ECB announcement. The pair has traded above 0.88000 and was using its 4 hour moving averages as support but the weakness in the Euro sent the price driving under this indicator at 0.87729 which was retested for good measure before the decent was halted at 0.87187. This […]
The weekend is just around the corner, but don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 34 pips and both of the sides separated by 2 pips yesterday. Euro has plummeted against the Greenback by more than 300 pips […]
Last week was business as usual as we witnessed updates from the two of the most influential Central Banks. From the US Federal Reserve, we saw a fairly hawkish tone continuing on the expected rate hike march. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, […]
The Bitcoin (BTC) has been trading upwards.The price tested the level of $6.671. Taxpayers in Russia have started declaring incomes and profits from crypto transactions even before cryptocurrencies are legalized in the country, results from this year’s tax campaign show. The Finance Ministry has again clarified the applicable tax rules, while the State Duma is […]
The growth rate of retail sales in the UK accelerated from 1.4% to 3.9% with a forecast of 2.4%. But the pound was still losing its positions quickly, for which it had to say a special thanks to Mario Draghi, who provoked a panic collapse of the single European currency, and it already dragged the […]
Analysis of wave counting: During the trades on June 14, the GBP/USD pair lost about 200 bp, but remained within the framework of the proposed wave b, in 2. The break of the May 29 low is likely to mean a resumption of the construction of the downward trend section with the first targets about […]
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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 – Citigroup stock pulls back ahead of… April 10, 2024 Citigroup shares post 25-month high in 2024 […]
Copper is one of the most important metal in the world. Its excellent heat conduction characteristics make it ideal for electrical work. Only silver has better conduction characteristics, but its use has not been widely accepted because of its cost. Copper is ductile and malleable, which makes it easier to fold and twist. Every day, […]
GBPJPY plunged below the 38.2% Fibonacci retracement level of the downleg from 153.80 to 143.20, around 147.25, which overlaps with the 40-simple moving average in the 4-hour chart. The aggressive bearish rally started during yesterday’s session and has shifted the near-term bias from positive to negative. Also, the momentum indicators are supportive of the bearish picture. In the […]
Analysis of wave counting: As a result of the previous day, the EUR/USD pair lost almost 300 bp from the high of the day, after the ECB announced the extension of the program of buying up assets before the end of this year. The pair performed a point shot at the level of 1,1837, thus […]
The softer than expected statements of European Central Bank President Mario Draghi hurt the buyers of the European currency, who were counting on the formation of a new upward medium-term trend. As you can see from yesterday’s report, the ECB does not seek to tighten the policy, and even more so a higher rate of […]
To open long positions on EURUSD it is required: The collapse of the euro led to a test of important support levels. Buyers, at least to stop the downward trend, it is necessary to return to the resistance level 1.1574 in the morning, which can cause an upward correction in the area 1.1607 and 1.1644, […]
To open long positions on GBP/USD it is required: Buyers of the pound will show themselves in the area of support for 1.3228, but to open long positions immediately on the rebound is best in the area of 1.3202. The main goal for the first half of the day will be the return and fixing […]
Трендовый анализ (рис. 1). После движения вниз и тестирования линии поддержки возможно движение вверх с первой целью 1.3374 – откатный уровень 14.6% ( жёлтая пунктирная линия). Fig. 1 (daily chart). Complex analysis: – indicator analysis – down; – Fibonacci levels – up; – volumes – upwards; – candle analysis – neutral; – trend analysis – […]
Let’s find out how the interbank compares with the technicals at 8 AM GMT on this Friday. Euro/Dollar has 5 neutral signals in the hourly chart. Mid term models are mostly pointing South and daily outlook shows mixed results. The close to 28% short interbank is bearish, just like the 4-hour indicators. Pound/Dollar has 4 […]
The German 30 Index was propelled higher yesterday as the Euro weakened in response to the ECB decision to taper its QE purchases. The index broke above resistance at 12950.00 and 13000.00 before falling short of the 13200.00 level. It has come off the highs this morning and found support at 13100.00. It remains to […]
Here are the latest developments in global markets: FOREX: The US dollar index is up by almost 0.25% on Friday, touching a fresh 7-month high and extending the spectacular gains it posted yesterday as the currency with the heaviest weight in the index – the euro – collapsed after the ECB policy decision (see below). The […]
We must admit that Mario Draghi did something that no one expected from him. Almost all observers were confident that after the announcement of the results of the meeting of the ECB, the single European currency will be able to improve its position. This confidence was based on the fact that no concrete steps will […]
