GBP/USD has been quite corrective and volatile below 1.3320 area while trying to retest after the break below the area with a daily close. The pound sterling has been struggling to gain momentum over USD recently that made the price to sink much lower in the process. Today, Bank of England officials Haskei and McCafferty […]
USD/JPY is currently residing above the support area of 108.50-109.20 from where the price is expected to climb higher towards 110.50 in the coming days. In light of the recent downbeat economic reports from the US, JPY took advantage to gain momentum despite mixed economic readings. Today, Japan’s SPPI report was published unchanged as expected […]
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:Video market update for April 19, 2024 April 19, 2024 Potential for the further drop on […]
As a regular market watcher, you have likely heard analysts and policy makers talk about the yield curve and the risks that it has on the markets. They are right to worry. The yield curve is one of the most followed factors by hedge funds, large investment banks, and other policy makers. Therefore, for traders, […]
Copper was one of the best performing commodities in 2017. The performance was highly correlated to the overall performance of the world economy and the perceived demand as the world shifted from combustion engine to electric vehicles. This year however, the commodity has become beleaguered. Year-to-date, the price has fallen by about 8%. The declines […]
The Reserve Bank of New Zealand will be deciding on rates on Wednesday at 2100 GMT. The central bank is anticipated to hold rates unchanged, with the focus falling on the Bank’s communication regarding future policy as well as New Zealand’s economic outlook. New Zealand’s central bank is widely expected to maintain its official cash […]
Data on durable goods orders will be watched out of the United States this week for an indication of business spending amid a worsening trade row between the world’s biggest trading powers. The report will be published by the US Census Bureau on Wednesday at 12:30 GMT and is expected to show another drop in […]
Recently, Gold has been trading downwards. The price tested the level $1,257.31. According to the H1 time – frame, I found strong selling pressure and a breakout of the support at the price of $1,262.50, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward […]
Recently, USD/CHF has been trading upwards. As I expected, the price tested the level of 0.9892. According to the H1 time – frame, I found a potential end of the downward correction (abc flat) and a valid breakout of the failling wedge in the background, which is a sign that selling looks very risky. I […]
Trading recommendations: According to the H1 time frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for a potential brerakout of the bullish flag to confirm […]
Eurozone The business climate in Germany, according to CESIfo, declined in June to 101.8p against 102.3p a month earlier. The deterioration is observed in almost all components – in manufacturing, construction and services, especially noticeably the decline in the index in trade where companies revised estimates of the current situation, shifting towards pessimism for the […]
You’re watching the Dukascopy Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s short term studies are split between neutral and bearish, but outlook is neutral in both the mid and long terms. Interbank sentiment is bearish at more than 23% short. Pound/Dollar’s 1 and 4-hour […]
Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is practically unchanged on Tuesday, after posting losses in the previous session. Meanwhile, the Japanese yen continued to enjoy some haven demand as trade frictions remained front and center. STOCKS: Trade […]
West Texas Intermediate (WTI) futures posted a negative day after they reached a new one-month high of 69.40 yesterday, while on Friday the price created sharp bullish extensions. The price eased and tested the 67.75 support level on Monday before the jump above the 50.0% Fibonacci retracement level of the downleg from 72.87 to 63.37, near 68.12, once again. In […]
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:AUD/USD: Australian dollar remains under pressure April 16, 2024 The absence of significant macroeconomic reports from […]
The second round of China’s supported monthly cryptocurrencies and blockchain projects has been published online. The latest round of the Global Public Chain Technology Evaluation Index has been presented at the Shanghai Science Hall. The first place in the ranking was taken by EOS, the second place by Ethereum and Bitcoin was placed on the […]
The EUR/USD pair has broken above 1.17 and has reached the 61.8% Fibonacci retracement as expected at 1.1720. Price got rejected and is now back testing the breakout above the Kumo (Ichimoku cloud) resistance that is now support. As can be seen above, EUR/USD has broken above the 4-hour Ichimoku cloud (Kumo). This is a […]
Gold price remains under pressure or stable with no buyers on sight to push price higher. Trend remains bearish. I continue to believe that Gold price at current levels offers great buying opportunity. Gold should start rising in a fast pace on a break above $1,273. Until then, bears remain in control. Magenta lines – […]
Risk aversion is shifting to Tuesday, although this does not mean any stronger moves for the currency market. Nevertheless, there is an atmosphere of fear that US trade disputes with the rest of the world may eventually affect the moods of business and consumers, inhibiting recovery. Stock markets in Asia do not interrupt the downward […]
Morning Report: 07.00 London The Japanese yen remains in favour amid a general flight to safety. Markets remains spooked by the prospect of a global trader war and confusing US messages over the treatment of foreign investments. The USD/JPY continues to drop from the highs as the yen takes control. The AUD/JPY continues to suffer […]
Stock markets fell hard yesterday as trade tensions deepened and the consequences of such action has investors worried. US Company Harley Davidson has announced plans to shift some production out of the US in order to avoid paying tariffs when exporting its products into the EU. This is a blow for Presidents Trumps trade policy […]
GBPUSD has been trading higher following the rebound on the seven-month low near the 1.3100 psychological level. The price is set to complete the fourth bullish day in a row, however, the 20-day simple moving average is acting as major resistance barrier for the bulls. The neutral to the bearish picture over the past month looks to […]
Burning forecast 26.06.2018 Euro: Buy from the rollback. The dollar continues to decline against the euro in the foreign exchange market. There is no important news – other than the main one: growing tensions on the US – China trade line amid a similar US – EU dispute. There is an assumption that the recent […]
https://pepperstone.com/en/forex-news/market-review -EUR, JPY & KRW make gains overnight. -Dollar index retreats, however. -US equity indices close deep in the red on trade war fears. -James Mattis is on a visit to China. -Greece gets upgraded. -Nomura looks at the outlook for global growth. The overnight changes and price moves to be aware of by Pepperstone’s […]
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 27th 2018 Related Posts:Overview of the […]
Despite the weak statistics on sentiment in the business community in Germany, the euro rose against the US dollar, climbing to a fairly important level of resistance from which new buyers of risky assets can build a new upward wave. According to the report of the IFO Institute, the index of sentiment in the German […]
EUR/NZD has rallied nicely and is now testing resistance at 1.7003. This resistance will likely cap the upside for a correction towards 1.6845 before moving higher again towards 1.7103. Short-term a break below minor support at 1.6963 and more importantly a break below support at 1.6936 will indicate that a corrective decline towards 1.6845 is […]
EUR/JPY is working its way higher, but we would like to see some real upside acceleration soon. A clear break above resistance at 128.60 should be able to provide the upside acceleration we are looking for towards 130.53 and above here confirms continuation towards the 136.88 target. Support is now seen at 128.04 and again […]
If we look at the 4-hour charts on Bitcoin, we know exactly this cryptocurrency now in a Bearish bias, this is already seen by the price moving in a down slope channel and bellow the Moving Average 50 (with the MA Slope pointing down) now as long as this cryptocurrency not break out and close […]
At the Daily Chart, the Ethereum now moving in a Bearish bias, this already shows they already moving in a down channel slope and below the Moving Average 50 and the slope from the Moving Average is pointing down too, but as We see after they hit the 417.30 this Cryptocurrency now get a correction […]
