Eurozone The euro continues to recover against the backdrop of a re-evaluation of the ECB’s plans to normalize monetary policy. The chief economist of the ECB, Peter Praet, said on Wednesday that the ECB will begin discussing the curtailment of the asset repurchase program at a meeting in a week. Earlier, members of the ECB […]
To open long positions for GBP / USD, you need: To maintain the upward trend, buyers are required to breakthrough and consolidate above the resistance level of 1.3440. From this level yesterday, there was a downward correction in the pound. Only after this, will it be possible to count on a new wave of growth […]
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:Will the euro manage to save itself? April 17, 2024 The euro managed to find its […]
Good morning, traders, the Dukascopy TV team is here with Thursday’s Daily Trading Signals. Euro/Dollar’s 1 and 4-hour charts are dominated by green indicators, but outlook is mixed in the daily scale. Interbank sentiment is bearish at 20% short. Pound/Dollar has 7 buy signals in both the short and mid terms. Daily outlook is mixed. […]
The US 30 index has broken out of its bull flag on Monday and extended higher into resistance at 25240.00 today. There are a lot of conflicting stories that the market is choosing to ignore such as trade tension and forward guidance against beats on earnings and better economic data. The breakout was retested on […]
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 – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
NZDUSD has struggled below the 0.7050 strong resistance level and touched the upper Bollinger Band, which stands near the 38.2% Fibonacci retracement level of the downleg from 0.7395 to 0.6850. However, the technical indicators are sending bullish signals, suggesting that the bullish correction will continue. From the technical point of view, in the 4-hour chart, the RSI […]
Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% lower on Thursday, extending the losses it posted in the previous session as the euro continued to recover. The euro’s rebound was refueled by some ECB policymakers, who signaled their confidence in the economic outlook, and heightened speculation that an end-date […]
Today, we look at the weekly chart of EUR/USD. Why have we have been bullish about this pair?Pessimism was at its highest near 1.15-1.16 when everyone was talking about Italexit and expressed fears of the Eurozone break up. Black line – horizontal resistance At market peaks and bottoms sentiment is at extremes. The same was […]
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 07th 2018 Related Posts:EUR/USD. Analysis for […]
Gold price remains below short-term resistance. Gold is ready for a spike higher towards $1,330 at least. I ‘m bullish about Gold but we also have to be careful in case support of $1,290 fails to hold. If this is the case, we should expect Gold to move lower towards $1,275. Yellow line – medium-term […]
The Asian session is a moderate weakening of the USD. Only AUD loses after the weaker than expected publication of the trade balance. EUR/USD is over 1.18, GBP/USD is flirting with 1.3450. USD/JPY is fighting to stay above 110.00. NZD/USD is growing to 0.7050. On Wall Street a clear rise (0.6-1.4%), but at night the […]
Apple co-founder Steve Wozniak hopes that Bitcoin will become the single currency of the Internet. Therefore, Wozniak joins Jack Dorsey, general manager of Twitter and Square, in his enthusiastic belief that Bitcoin will become the only world currency: “I’m entering what Jack Dorsey says. I am not fully convinced that this will happen, but I […]
EUR/GBP is approaching its resistance at 0.8792 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 0.8725 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 0.8758 (50% […]
AUD/JPY is testing its resistance at 84.47 (50$ Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where we expect to see a further drop to its support at 81.30 (horizontal swing low support). We do have to be cautious of the intermediate support at 82.74 (50% Fibonacci retracement, horizontal overlap support). Stochastic ( 89, 5, […]
When the European market opens, some economic data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Revised GDP q/q, Italian Retail Sales m/m, French Trade Balance, and German Factory Orders m/m. The US will release a series of economic reports too such as Consumer Credit m/m, Natural Gas Storage, and […]
In Asia, Japan will release the Leading Indicators. The US will release a series of economic reports such as Consumer Credit m/m, Natural Gas Storage, Unemployment Claims. So there is a probability the USD/JPY pair will trade with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 110.64. Resistance. 2: 110.43. Resistance. […]
EUR/NZD has rallied nicely from the 1.6598 low and is currently testing important resistance at 1.6764. We need a clear break above here, to confirm that wave ii did complete at 1.6598 and wave iii higher to above 1.7300 is developing. Short-term, we could see a set-back from important resistance at 1.6764 towards 1.6688 for […]
The clear break above resistance at 129.04 told us, that EUR/JPY is further along in its bullish cycle than we expected. Instead of wave i ending at 129.04, we have seen wave i peak at 127.72 and was followed by a zig-zag correction in wave ii between 50 – 61.8% of wave i. The ongoing […]
Overview: The NZD/USD pair will continue to rise from the level of 0.6977 in the long term. It should be noted that the support is established at the level of 0.6977 which represents the 23.6% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same time […]
Overview: The USD/CHF pair faced strong resistances at the levels of 0.9943 because support had become resistance this week. So, the strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass […]
While the “Risk On” rally continues in global stocks the Chinese markets are lagging behind over fears of trade tensions and high levels of maturing debt. In stark contrast US markets were higher adding to the gains made in the Asian session over the last four days. European markets are trying to make up lost […]
USDJPY has found strong resistance obstacle on the 200-day simple moving average (SMA) early this morning and drove the pair lower. Since its deep fall towards the 108.10 support level, the price has been going back and forth creating a base around the 38.2% Fibonacci retracement level of the downleg from 118.60 to 104.60, around […]
https://pepperstone.com/en/forex-news/market-review -Majors fight back vs the USD. -Dollar index is back below 94. -The Real hits multi-year lows as economists warn on Brazil. – Australia posts another trade surplus. -Abe’s Washington stop off. -Are the conditions right for the ECB to end QE? The overnight changes and price moves to be aware of by Pepperstone’s […]
Morning Report: 07.00 London The euro is in control after hints from the ECB around tapering away from QE. Officials cited wage inflation as picking up in the likes of Germany as driving a recovery. Markets gave a relatively muted reaction as some market movers expressed caution. The EUR/USD climbed for the fourth day in […]
The euro is in demand this week. Paired with the dollar, the single currency is already entrenched in the 17th figure and still demonstrates the upward movement. The growth of the EUR/USD pair is mainly due to the demand for the euro, and not the weakness of the US currency. However, greenback also suspended the […]
Burning forecast 06/06/2018 The euro is trying to organize growth. The main event for the markets remains the US-Europe and China trade conflict – but this event will not be developed until the G-7 summit on Friday. The new prime minister of Italy has reassured investors – although his a populist, he does not wish […]
GBP / JPY The day’s cross was left behind. The players on the rise are close to testing the resistance of the weekly timeframe (Senkou Span A + Tenkan + Fibo Kijun). Overcoming the zone 148.08-50 will open the way to the key resistance of this area, concentrated in the area of 150 (the target […]
Analysis of wave counting: During the trades on June 5, the GBP / USD currency pair added about 100 percentage points and continued to build up the wave set in the proposed wave 2. If this assumption is correct, then the quotes increase will continue to the levels of 1.3478 and 1.3651, which corresponds to […]
Analysis of wave counting: During the trades on Tuesday, the currency pair EUR / USD, adding about 30 percentage points, continued attempts to form the first waves of the new upward trend section as part of the future wave 3. At the same time, an alternative variant appeared, providing for the complication of wave 5, […]
