In Asia, Japan will release the Economy Watchers Sentiment, Final GDP q/q, Final GDP Price Index y/y, and the Current Account Bank Lending y/y. At the same time, the US will also deliver some economic data such as the Final Wholesale Inventories m/m. So there is a probability the USD/JPY pair will move with low […]
If we look at the 4 hour chart of the USD/CAD pair, we can spot a hiddden divergence between the price and the Stochastic Oscillator. As long as this pair does not break out and close bellow 1.2857, it will likely go up and test the 1.3028 level in a few days ahead. The material […]
At the 4 hour charts, we’ve found a divergence between the Relative Strength Index Oscilator and the price of Crude Oil. Therefore, there is a possibility #CL will go up after a breakout and close above the 66.55 level unless the price does not break out and close bellow the 64.23 level. In that case […]
Morning Report: 07.00 London The euro remains in control on fresh hopes that monetary stimulus may be coming to an end. The euro spurted much higher yesterday, with the EUR/GBP jumping higher before retreating to small gains. There are further small gains this morning. The EUR/USD is also continuing to make small but steady gains […]
EUR/NZD has rallied nicely and broke through the resistance at 1.6964, confirming that an important low has been seen at 1.6598. In the short term, we expect the former resistance at 1.6764 now will act as support as EUR/NZD continues higher towards 1.6846 and 1.6937 as the next minor upside targets. In the longer term, […]
Ideally, EUR/JPY will see the support at 129.12 and max. 128.69 for continuation higher towards 131.41 as the next upside target. The strong resistance will be seen here, but if a clear break above this resistance happens, that will confirm more upside in the longer term. In the short term, a break above the minor […]
https://pepperstone.com/en/forex-news/market-review -The Brazilian Real and Korean Won fall vs USD. -Argentina secures IMF cash to help support the peso. -G7 Leaders gather to confront Trump? -China shows growth in imports and exports in May. -Where and against what does Bitcoin trade? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]
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The dollar declines at the trading session in Europe against almost all major currencies. The main reason for this, in our opinion, is the reduction in expectations that the Fed will decide this year to raise interest rates four times. The exchange rate of the American currency is gradually decreasing in the wake of a […]
The European currency this week is a favorite among investors: growth is observed throughout the market. Especially the euro dominates in a pair with the yen, the dollar and the dress coat. The cross-euro/pound pair in this context is also no exception. However, opening long positions for this currency pair is very risky, especially if […]
Analysis of wave counting: During the trades on June 6, the GBP / USD currency pair added only 20 percentage points, but stayed within the framework of the proposed wave a, 2. Thus, the first settlement target for the instrument remains unchanged, 23.6% Fibonacci of wave 1. Two lows, from June 1 and June 4, […]
Analysis of wave counting: During the trades on Wednesday, the EUR / USD currency pair added another 80 percentage points and continued the construction of the proposed wave 1, 1, 3. If this assumption is correct, then the increase in quotations will continue to the mark of 1.1835. An unsuccessful attempt to break the 1.1809 […]
EUR / USD: Let’s analyze. Take the daily chart of the euro, turn on a large scale. What do we see? First, there was a global growth trend from December 2016 to April 19, 2018, from about 1.0500 to about 1.2500. (Perhaps this trend will continue and fall to 1.1500. No more than a correction). […]
On the one hand, the pound will have to be unbearable today, since Halifax data should show that the rate of growth in property prices slowed from 2.2% to 1.9%. The pound depends on the state of the real estate market, as it is one of the main criteria determining the investment attractiveness of the […]
The final data on Europe’s GDP for the first quarter are likely to coincide with the preliminary estimates showing that economic growth rates have slowed from 2.8% to 2.5%. Given that this has long been taken into account by the market, there will be no special effect. But the data on applications for unemployment benefits […]
Burning forecast 06/08/2018 The ECB drove the euro upward. In the past two days, the euro has been growing on speculations about the “turn” of the ECB policy: a turn from an ultra-soft to a normal, moderately tough policy. In fact, it was confirmed that at the next meeting, a week later, on June 14, […]
EUR/JPY The day before, the pair was limited to a slight inhibition before the resistance of the weekly Tenkan (129) and the final lines of the day cross Ichimoku, after which it overcame the levels by breaking through, closing the day much higher than the resistance. As a result, the line 129 on the lower […]
USD/JPY On Wednesday, the yen grew by 39 points with the support of the stock market (S&P 500 + 0.86%). The salary data came out mixed; the overall average wage growth in April eased from 2.0% y/y (revised down from 2.1% y/y) to 0.8% y/y, with 1.4% y/y expectation, the level of payment for overtime […]
To open long positions on GBP/USD it is required: Buyers of the pound need to return to the morning resistance level 1.3439. Only after that it will be possible to count on a repeated wave of growth of GBP/USD with an exit to new monthly highs of 1.3487 and 1.3523. If the pound is down […]
To open short positions on EURUSD it is required: Buyers made the first attempt to gain a foothold above the level of 1.1828, but did not do it in the morning. However, while trade is in this range, the chance of further upward movement to the area of new monthly highs of 1.1875 and 1.1923 […]
The index managed to give up some of its gains below the 200 SMA on the H1 chart, pointing now to the support level of 93.12. A rebound could happen over there in order to resume the bullish bias, with the closest resistance lying at 93.74. However, as long as USDX stays below the 200 […]
The pair is pointing to the upside and looks forward to break above the resistance level of 1.3455. We are expecting a bullish continuation to test the 1.3592 level once the Cable does a breakout of the recently formed fractals. To the downside, the nearest support lies at the 200 SMA on the H1 chart. […]
Bitcoin correction is still going on in the current market situation, whereas the recent bullish momentum is currently turning quite weak periodically. Despite having no negative fundamentals recently, a certain correction is expected to be an indefinite pressure of market participants in the market. Currently the price is being held by the dynamic level of […]
Overview The GBP/JPY pair provided a new positive rally, surpassing 147.50 levels. The continuation of the price stability above the current support confirms surpassing the bearish bias domination to begin targeting a new positive level by breaching 148.80 and reaching 150.80, threatening the stability of the 38.2% Fibonacci correction level. Stochastic has reached the overbought […]
Our Pro Services Editor on “The Hunt for Opportunity” Let’s face it: The hunt for opportunities can be more painstaking than making a move once you find it. So, how can you get the most from your time and effort? ElliottWaveTV put that question to U.S. Intraday Stocks Pro Services Editor Robert Kelly: He says […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 It happened just weeks before the historic October 2007 stock market top: Investors had “become utterly unconcerned with risk,” as the September 2007 Elliott Wave Theorist remarked. With that in mind, this update on investor psychology should interest every market participant … http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:The […]
Overview The gold price shows calm positive trading approaching 1,301.20 levels again. As long as the price is below this level, our bearish overview will remain valid for today, as breaching it will push the price to turn to rise and achieve positive targets that begin at 1,316.48, while the first target of the negative […]
Overview Silver price traded higher yesterday to reach the sideways range’s resistance at 16.80. The price is still confined inside this range, so that its support line is located at 16.15. It might witness a bearish bias in the nearest sessions because stochastic is approaching the overbought areas. In general, we still suggest the sideways […]
The weekend after Trump decided to impose tariffs on steel and aluminum imports from Canada, Mexico, and the EU, the Bank of Canada’s Governor, Stephen Poloz, returned to his more cautious style, saying that the central bank will use its data-dependent approach to adjust monetary policy. The statement also came a couple of days after the […]
Eurozone’s common currency finished 2017 on a strong note versus the US dollar, advancing by 14.1% to render itself the best performing major currency. Largely euro-friendly election outcomes and economic data pointing to an ever-improving growth outlook were instrumental for the euro’s strong performance. The current year, though, is presenting a shift in direction, with […]
