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 […]
The European Central Bank kept interest rates unchanged (reference: 0.0%, deposit: -0.4%) in line with expectations, but decided to extend the asset purchase program with a monthly rate of EUR 15 billion from October to the end of December 2018 after which the program will be terminated. It is a slightly hawkish signal, though partially […]
On Thursday, the price rallied down due to the action of scissors two strong news: in the United States raised the interest rate, but in Europe there was no move. The market flew down almost 300 points. The market has gone down nearly 300 points. The price reached the support line of the upward channel […]
Trump is ready for a trade war with China. On Thursday, the White House hosted a meeting on new duties on goods from China. Trump approved a list of Chinese goods worth $50 billion, upon which the US will impose duties of 25%. China immediately announced that it would impose the same amount on duties […]
Trading plan 06/15/2018 The general picture: The fall of the European currency should continue. On Thursday, the second major event of the week – the ECB meeting. The ECB finally announced what it had been waiting for a long time – the ECB is completing the program of pumping markets with liquidity in December 2018. […]
Burning forecast 06/15/2018 The ECB broke the euro. On Thursday, the ECB announced a decision on monetary policy. The ECB is completing the program of injections into the markets in December this year. At the same time, the ECB said it will not raise rates until at least the summer of 2019, that is, another […]
USDCAD has been surging seen Thursday’s trading session, creating a fresh one-year high of 1.3140. The price is trying to surpass the 61.8% Fibonacci retracement level of the downleg from 1.3800 to 1.2060, around 1.3130, increasing the chances for more aggressive advances. The technical indicators continue to send bullish signals, suggesting that the strengthens in […]
In March it was announced that Bitcoin will be used in some hotels as a method of payment for the stay of guests who will come to Russia to support national teams at 12 different stadiums in Russia. It is certainly the largest sports event in 2018. Millions of people will come to Russia to […]
USD keeps rallying as a reaction to the hawkish Fed and solid data from the US economy. The currency market yesterday saw massive moves with serious consequences for EUR and USD. The contrast between the Fed’s hawkish attitude and the surprisingly dovish position of the ECB gave the impulse to abandon the EUR, and the […]
EUR/USD As a result of yesterday’s ECB meeting, the euro fell by 220 points. According to media reports, the ECB has taken a “sensational” decision to reduce asset purchases to its balance sheet (QE program) from the current 30 billion euros a month to 15 billion euros from October to complete the program in December […]
GBP/USD In the first half of yesterday, the British pound grew on strong data on retail sales – the May index was 1.3% vs. the expected 0.5% and April’s growth was revised upward from 1.6% to 1.8%. The pound added 70 points. Of course, before the ECB meeting, such growth looked risky, while the upcoming […]
USD/JPY In the first half of Thursday, the situation on the Japanese yen was overshadowed by the release of weak industrial production in China in May. Industrial Production slowed its growth from 7.0% y/y to 6.8% y/y against an expected smaller decline to 6.9 % y/y. But in Japan, the final report on industrial production […]
