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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 – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]

GBPUSD The GBPUSD pair has dropped into support at 1.32000 and rallied out last week to touch the high at 1.33982 close to the 1.34000 level. This sets up a 200 pip trading range for the moment. The topping pattern that formed in February to April has a target of approx. 1.30600 so there is […]

Wave picture of the H4 chart: On the scale of the major franc pair, the current upward wave started on February 16 has a high potential to move. The formation of the middle part (B) began in the structure of the wave. The wave pattern of the H1 graph: The bearish wave of May 10th […]

Here’s how the interbank compares with technicals at 8 AM GMT on this Tuesday. Euro/Dollar’s short and mid term technicals are mostly neutral. Signals are mixed in the daily scale. Interbank sentiment is bearish at close to 24% short. The Cable has 4 buy and 4 neutral signals in the hourly chart. Mid term models […]

The Japanese Financial Services Agency (FSA) issued orders to improve the business of the twelve national cryptographic exchanges. One of the main concerns of FSA is the compliance of exchanges with Anti-Money-Laundering (AML) requirements. Inspections carried out by the agency revealed that several cryptographic exchanges do not apply sufficient Know-Your-Customer (KYC) controls to confirm the […]

Behind us is quite a quiet night, where USD tried to pick up the lost ground from yesterday. In general, changes in the currency market are small with the best attitude towards the USD, which, however, looks like nothing more than attempts to reverse Monday’s drops. Apart from AUD/USD, changes in crosses are close to […]

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:Analysis for EUR/USD on April 15th. Monday – a tough day for… April 15, 2024 The […]

West Texas Intermediate crude oil futures fell sharply lower during yesterday’s trading session and penetrated the medium-term ascending trend line to the downside. The price reached a fresh two-month low of 64.56, shifting the bullish outlook to bearish. Currently, the price is moving slightly higher while the short-term technical indicators are endorsing the scenario for a minor correction. Looking at […]

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against six major currencies, was little changed on Tuesday. Meanwhile, the aussie recorded some losses after some RBA comments on the outlook for inflation supported lower rates for longer. Nevertheless, the currency managed to largely recover its earlier losses. […]

Although EUR/USD broke above 1.1720-1.1730 yesterday, it did not manage to hold above it and fell back below 1.17. This is not necessarily a bad thing because price broke out of the 4-hour Kumo (cloud) after almost 2 months below it and back tested support at 1.1680-1.1690. As can be seen above on the 4-hour […]

Gold price made a new short-term lower low yesterday still above $1,290 but did not break above resistance. Price remains under pressure and as long as price is below $1,300-$1,310 there will be a danger of seeing $1,280 or lower again. Yellow line – medium-term resistance Green lines – targets Red lines – extension targets […]

The pound has good chances to strengthen its positions today. In particular, the index of business activity in the service sector can grow from 52.8 to 53.0. In turn, the U.S. statistics also do not favor the growth of the dollar, s the number of open vacancies should decrease from 6.6 million to 6.4 million. […]

The growth rate of retail sales in Europe could accelerate from 0.8% to 1.7%, which is simply superb, given the preliminary data on inflation, which showed its acceleration from 1.2% to 1.9%. Thus, the single European currency has well-founded reasons for growth. Moreover, the number of open vacancies in the U.S. should decrease from 6.6 […]

On Tuesday, these are the following strong calendar news: – 8.30 London time. GBP, the index of business activity in the services sector (May). The expected value is 52.9 compared to the previous value of 52.8; – 14.00 London time. USD, the index of business activity in the non-manufacturing sector (PMI) from ISM (May). The […]

On Tuesday, these are the following strong calendar news: – 14.00 London time. SD, the index of business activity in the non-manufacturing sector (PMI) from ISM (May). The expected value is 57.9 compared to the previous value of 56.8; – 14.00 London time. USD, the number of open vacancies in the labor market JOLTS (Apr). […]

To open long positions for EURUSD, you need: Buying the euro in the first half of the day is best on the support levels of 1.1680 and 1.1653 after a false breakdown. Otherwise, opening long positions is best on a rebound from 1.1620. The main goal of the euro buyers will be a return to […]

To open long positions for GBP / USD, you need: Only the formation of a false breakdown at the support level of 1.3298 and good PMI data in the service sector of the UK will allow us to return to the resistance level of 1.3334, which was missed yesterday afternoon. Above this level, the demand […]

Morning Report: 07.00 London The British pound is recovering after under-performing yesterday as Theresa May delays her Brexit white paper. The GBP/USD continues to sink back towards the May lows, while the EUR/GBP pumped up to the EUR/GBP level yesterday. This weakness comes despite strong UK construction data yesterday. Dollar pairs are generally on the […]

Morning Report: 07.00 London The dollar index is on the back foot this morning after failing to ignite on Friday despite better than expected US economic data, including NFP. Dollar weakness comes amid a general appetite for risk taking and uncertainty over the dollar’s long-term prospects in light of Trump’s policies. The Australian dollar has […]

Yesterday’s session was quite after a pickup in volatility last week and there has been little in the way of movement overnight. This is despite some negative headlines that possibly sapped some of the market strength over the last 24 hours. Crude Oil has continued to fall with WTI reaching $64.50 as supply increases and […]

GBPUSD came under renewed selling pressure on Monday after three consecutive bullish days, but before the negative movement, it had jumped above the 1.3400 handle. Also, the price found strong resistance obstacle near the mid-level of the Bollinger Band (20-day simple moving average). The short-term technical indicators are neutral and point to a more weakness in the market. Momentum indicators, in […]

GBP / USD In the first half of Monday, the British pound rose by 50 points due to business activity growth in the construction sector, as the May estimate did not changed since April (52.5) but did not fall to the projected 52.0. At the same time, Silvana Tenreyro, a member of the Bank of […]

EUR / USD During the course yesterday, the euro rose by 85 points and the day was closed by growth of 37 points. In the Asian session today, the price is at the close of Friday. Short-term growth was caused by the weakening of political tensions in Italy due to the formation of the coalition […]

On Monday, the foreign exchange market did not show any noticeable activity. The US dollar was down on the wave of fears that trade wars would put pressure on the US economy, and because of this, the world economy could also be under pressure. Support against the dollar, although insignificant, received European currencies against the […]

Dear colleagues. For the EUR / USD pair, we expect movement towards the level of 1.1743. For the GBP / USD pair, the level of 1.3273 is the key support for the upward structure from May 29. For the USD / CHF pair, the continuation of the movement downwards is possible after passing the price […]

USD / JPY The Japanese yen is growing from the level of 108.65 for the third consecutive session. Formally, we can assume that growth occurs due to the continuation of the price rebound from 108.00 on May 29, and this will repeat the trading situation on April 23. Thus, investors were able to secure the […]

If we look at the 4 hour chart, the USD/CHF pair is in a bearish condition. Under this condition the price is moving in a down slope channel. Unless this pair breaks out and closes above the 0.9912 level, it will try to test the next previous support at 0.9829 level as the target. The […]

As seen on the 4 hour chart, gold is moving in a bearish bias. The precious metal is moving in a down slope channel. In a few days ahead, as long as gold does not break out and close above the 1,304.93 level, it will likely test the next support level at 1,281.57. The material […]

https://pepperstone.com/en/forex-news/market-review -USD gains ground vs JPY and MXN. -Dollar Index holding above 94.00. -The RBA leaves rates on hold once more. -Japanese household spending shrinks again. -UK car sales dip but retail sales bounce back in May. -China is to investigate memory chips and their prices. -Is Eurozone credit tightening at the wrong time? The […]

The Australian dollar was marked by an impressive spurt due to an increase in global appetite for risk after the release of data on the US labor market, the release of strong statistics on retail sales and optimistic forecasts of the OECD. The authoritative organization believes that the Reserve Bank of Australia will begin to […]