The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $6.085. The Thai financial regulator is expected to approve five ICO projects once the new regulatory framework takes effect this month. Out of 50 ICO projects in the country, only five satisfy the registration requirements set out by the […]
The focus for today will be the ECB monetary policy announcement where baseline interest rates are expected to be held steady but the market will look for any signal regarding the quantitative easing (QE) program. Recent comments Peter Praet, a member of the Executive Board of the ECB, gave a strong hint that the June […]
• Soy broke multi-month support level 9.4330 • Likely to fall further Soy recently broke the major, multi-month support level 9.4330 (which stopped the price sharply in December and January, as can be seen below). The breakout of the support level 9.4330 follows the earlier breakout of the two strong support levels 9.9000 and 9.7000. […]
• AUDNZD broke support area • Likely to fall further AUDNZD recently broke through the support area lying between key support level 1.0780 (which stopped the A-wave of the active ABC correction (2) from May) and the support trendline of the daily up channel from April (which has enclosed the previous medium-term impulse wave (1)). […]
As expected, the Fed raised the refinancing rate from 1.75% to 2.00% yesterday. Given the completely predictable outcome of the meeting of the Federal Commission for Open Market Operations, the decision had no impact on the market. Rather, it even turned out to be a boon for a single European currency, as tensions and expectations […]
EUR / JPY pair Players on the rise did not give up hope for the continuation of the upswing. The important point of which is the area of 131 (weekly Kijun 131.05 + Senkou Span A 130.96 + day cloud 131.19), but despite the daily maximum update, they can not close the day above the […]
Having worked out below due to the strong news yesterday, the market almost completely eliminated the bottom news work and continues to move upward. This indicates the continuation of the uptrend. Trend analysis (Figure 1). Today, the market will continue to move up towards the first target at 1.3413, which is the middle line of […]
Yesterday’s increase in the Fed’s refinancing rate from 1.75% to 2.00% was absolutely predictable, so it did not have any effect on the market. Moreover, the pound even slightly strengthened, although the data on inflation seriously disappointed, as shown its stabilization at 2.4%. However, producer price growth rates in the U.S. accelerated from 2.6% to […]
Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar’s long term average spread is point 36 pips and peak separation has been 3.2 pips. The pair has been on a sharp rise following yesterday’s drop to the low of 1 1725 and it has gained point […]
This pair has positioned itself between the two trend lines shown around the 130.000 level. It is likely that the ECB decision today will force a breach of the trend lines giving traders and opportunity to interact with the market. Resistance comes in at 130.520 for the trend line with the 131.000 level above. A […]
NZDJPY is trading around 300 pips above the one-and-a-half-year low of 74.54 recorded in late May, while it is relatively close to Wednesday’s two-month high of 77.85. The appreciation over the last couple of weeks is supportive of a bullish picture in the short-term. This is also projected by the positively-aligned Tenkan- and Kijun-sen lines, […]
What are Fed’s decision on 06/13/2018 After increasing the base interest rate by 25 basis points to the target range of 1.75% -2.00%, the Federal Open Market Committee of the US Federal Reserve commented on its decision and the current situation in the country: The Fed noted a significant upsurge in the economic activity and […]
Having worked out the strong news, the price went up on Wednesday. Thus, it shows that the upward weekly trend continues. Today, there is a report on the interest rate decision in Europe at 11.45 London time. According to analysts’ expectations, the regulator will leave the base rate unchanged. Trend analysis (Figure 1). Today, the […]
The EUR/USD currency pair continues the range wagering within the limits of 1.1725 / 1.1830. Yesterday’s news background was unable to support the sellers. The Fed’s interest rate statement was expected and the players did not support it, where in fact the linear analysis, in this case, worked perfectly, practicing the lower limit of 1.1725. […]
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:Euro will return to parity April 12, 2024 From 1.20 to parity. The euro started 2024 […]
With the ECB meeting today markets are rightly focussed on the EUR crosses. We join EURAUD at an interesting junction with price breaking higher from its trend line resistance yesterday and reaching its 50 and 100 DMAs at 1.56483 resistance today. Depending on the market reaction to the ECB decision and press conference the price […]
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 14th 2018 Related Posts:EUR/USD. Analysis for […]
NZDUSD has been trading within a consolidation area over the last ten days with upper boundary the 0.7050 resistance level, which holds near with the upper boundary of the Bollinger Band, and lower boundary the 0.7000 handle, which coincides with the lower Bollinger Band. Moreover, the technical indicators are sending neutral signals, suggesting that the […]
Fed raised interest rates by 25 bps and signaled readiness for two more hikes before the end of the year and another three in 2019, but this was not enough to sustain the appreciation of the USD. An obstacle may be the lack of a signal for further strengthening on the part of the debt […]
Changpeng Zhao, general manager of Binance, the world’s largest cryptocurrency exchange, based on trading volume and historical charts, said the fall in Bitcoin’s price is normal. Bitcoin, the world’s largest cryptocurrency in terms of market capitalization, has recently reached its lowest level in three months. Despite the decline in prices, the CEO of the largest […]
Despite the hawkish Fed, the USD was unable to achieve a lasting strengthening, disappointed with the failure to return 10-year margins of over 3.0%. Moving attention to the ECB meeting helps to draw EUR/USD above 1.18. Weak elements of the Australian labor market report and disappointment in Chinese data bring pressure on AUD. Weak data […]
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. Analysis for April 12th. The euro falls down under… April 12, 2024 The wave analysis […]
You’re watching the Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar has green signals in the lead of all three time scales, but the close to 23% short interbank points in a different direction. Pound/Dollar’s hourly models show mixed results. Mid term brings 4 green […]
Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.3% lower on Thursday, extending losses from the previous session. Although the Fed raised rates and upgraded its rate-path projections to signal one additional hike this year, Chairman Powell played down these hawkish signals in his press conference, sending the US […]
We are glad to inform our clients that the intensive forex trading seminar series that began early this summer in Thailand is continuing its way to further event destinations, namely to Korat on 4th August and to Chonburi on 18th August. The XM team members present on the premises of each event location, together with […]
Exactly in accordance with our strategy, the EURUSD pair fell towards 1.1740-1.17 support area and is now challenging yesterday’s highs and resistance levels after the FOMC meeting. The up trend in EURUSD is not over. Our nearest target is 1.20 and we remain bullish. Yellow rectangle – support area Magenta line – expectation So far […]
Gold price held its $1,290 support yesterday and is trying to break out above the first short-term important resistance and out of the shorter-term trading range. Gold price has the potential for a move higher towards $1,320-30 over the coming sessions as we have been saying all this time Gold is trading between $1,280-$1,300. Green […]
The FOMC raised rates by 0.25 bps yesterday evening to a 1.75% to 2.00% target range in a hawkish move and reaffirmed its expected forecast of 2 more hikes in 2018 and 3 in 2019. The move had been fully anticipated by markets and so did not come as a big surprise. The committee cited […]
USDJPY has come under renewed selling pressure today, falling below the three-week high of 110.85, achieved during Wednesday’s US session. The price failed to end the previous candle in green and fell once again below the 200-day simple moving average (SMA) in the near term. Looking at momentum oscillators on the daily chart though, they […]
Morning Report: 07.00 London The US dollar remains soft despite raising rates as expected and markets projecting two more. Part of this decline is that some in the market were hoping for firmer guidance. The US dollar index finished lower in volatile trading and is slightly lower again this morning. Dollar pairs mirrored this move, […]
