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 […]
When the European market opens, some Economic Data will be released such as Current Account. The US will release the Economic Data too, such as Housing Starts and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1759. Strong Resistance:1.1752. […]
In Asia, Japan will release the 30-y Bond Auction data, and the US will release some Economic Data, such as Housing Starts and Building Permits. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.12. Resistance. 2: 109.91. Resistance. 1: 109.69. […]
Technical outlook: A medium-term time frame has been presented (4 hours) here, and the most probable wave counts have been labelled here. It looks to be like a bearish resumption trade setup is getting ready in Crude Oil now. Let us understand the wave counts from sub 73.00 levels. The drop from 73.00 to almost […]
Technical outlook: A short-term 1-hour chart view has been presented here, to look into the most probable wave count. The US Dollar Index most likely terminated into wave (4) of a higher degree around 93.20 levels earlier. The subsequent rally was an impulse, which is labeled as wave 1 of the 5th wave or wave […]
Technical outlook: A short-term hourly picture has been brought up here to have a look at the most probable count. We are still safe to assume that wave (4) terminated at 1.1850 earlier and that the (5)th wave has resumed lower. The subsequent rally seems to be an expanded flat (3-3-5) structure labeled as a-b-c […]
4-hour timeframe Technical data: Senior linear regression channel: direction – down. Youngest linear regression channel: direction – down. The moving average (20; flattened) is up. СCI: 81.7932 The EUR/USD currency pair managed to overcome the moving average line on June 22, but the prospects of the upward movement remain very vague, as the bulls do […]
The European currency strengthened its position against the US dollar last week. However, upward short-term potential may be under threat. Despite the fact that the market ignored a number of reports and political events that took place this weekend, demand for the US dollar earlier this week could increase. The decline in gold prices, which […]
Burning forecast 25.06.2018 EURUSD: Ready to continue growing. Last week, the euro showed a reversal from the key lows of about 1.1500 Despite the Fed’s readiness to hike the rate and the ECB’s unwillingness to raise rates until the summer of 2019, the euro’s decline has been stopped. The only question is when and how […]
Morning Report: 07.00 London The Japanese yen is in firm control as China makes its first move against US tariff threats, with the PBOC relaxing deposit rules to help heavily indebted companies. The USD/JPY has pulled back further from the highs, while the AUD/JPY is slipping back towards the lows below 81.00. The GBP/JPY and […]
Morning Report: 07.00 London The British pound continues to out-perform following yesterday’s surprisingly bullish MPC meeting where three members voted for a rate hike amid noises of quitting QE earlier than expected. The GBP/USD and GBP/JPY are higher again after rallying yesterday, while the EUR/GBP is sinking for the second straight day. The euro is […]
Morning Report: 07.00 London The US dollar has extended its winning run despite trade war worries. This has continued to force the dollar pairs ever lower. The AUD/USD is extending its losing run on the week, off by over 1%, though not as far as the NZD/USD which is off by 1.50% this week. The […]
Morning Report: 07.00 London The US dollar continues to dominate despite the risks and uncertainty surrounding Trump’s tariff plans. The dollar index continues to stretch to multi month highs, while the dollar pairs struggle. The pound slumped to seven month lows against the dollar, with the EUR/GBP also making gains for three days in a […]
Morning Report: 07.00 London This morning, markets are reeling from Trump’s mooted threat to levy more than $200bn of Chinese goods. Markets have been shaken by this move, sending the Japanese yen soaring as traders seek out safe harbours. The USD/JPY is selling off for the second straight day. The AUD/JPY continues to falter, heading […]
• CADJPY broke support area • Further losses are likely CADJPY continues to fall after the earlier breakout of the support area lying between the major support level 83.15 (which also reversed the A-wave of the active medium-term ABC correction (2) from May) and support trendline of the wide daily up channel from March. The […]
• Platinum reversed from resistance area • Further losses are likely Platinum today reversed down from the resistance area lying between the pivotal resistance level 877.00 (former powerful support level which reversed the price in December and May, acting as resistance after it was broken recently) and 38.2% Fibonacci correction of the earlier downward impulse […]
The government of Merkel under the threat of disintegration: Migrants. On the weekend, an informal summit of the leaders of the EU countries was held. Germany gathered it to discuss the problem of migrants. We already wrote that in Germany, the problem of the influx of refugees threatens the collapse of the government of Merkel. […]
The US indices are set to start the week with losses as trade tensions escalate. President Trump tweeted on Sunday that trading partners should remove their “trade barriers and tariffs or be met with more than reciprocity by the U.S.”. This may have been aimed at the EU which began implementing tariffs on US imports. […]
Over the weekend President Trump indicated that if trade barriers and tariffs against the US were not removed that he would have no choice but to add further sanctions against those countries targeting the US. Meanwhile China and the EU have agreed to defend against the US position of multilateralism and to promote globalism. The […]
Markets have maintained the themes from yesterday overnight with the USD showing weakness on the back of poor Philly Fed data. The US Supreme Court ruled yesterday that US States can require companies selling products through the internet to collect tax from those sales. Amazon, Ebay and Etsy share prices all fell dragging down US […]
At the opening of the week, the US dollar looks neutral in general, but a number of markers indicate that this situation will not last long and the dollar will begin a new wave of strengthening. Response to the results of the meeting of OPEC +. In recent weeks, the information space has been filled […]
With OPEC meeting for Day 1 of their gathering in Vienna, Iran and Saudi Arabia are closer to agreeing on an increase in production. Saudi Arabia has lowered its projected increase to the 600K to 800K bpd range. Oil prices fell slightly but trading was dominated by US Oil inventories which showed a draw of […]
