GBP/JPY is expected to trade with a bearish outlook. The pair is accelerating on the downside, capped by its descending 20-period and 50-period moving averages. The key resistance at 149.70 maintains the strong selling pressure on the prices. Last but not least, the relative strength index is bearish and calls for further downside. In these […]
This Friday is the European Services PMI day and we will also get the much anticipated US jobs update for April, so let’s take a closer look. The day starts with Services PMI run for April and Spanish stats are available first at a quarter past 7 AM. Italian data is up next at 7:45, […]
Although not all data published on Wednesday regarding the economic condition of the European Union countries surprised positively, green digits clearly dominated on the stock exchanges in the Old Continent. The Wednesday’s rich macroeconomic readings began in Europe since the PMI publication for the Swedish industry. The mood deteriorated, as the indicator dropped from 55.9 […]
Leaving unchanged monetary policy at the May meeting was a general market scenario, the probability of which far outweighed others. There was no press conference planned. Investors only have to rely on the published statement of the Fed’s monetary policy. As usual, a few moments after the publication of the latest statement, we had an […]
EUR/GBP has been quite impulsive with the bullish gains after breaking above the 0.87 price area with a daily close. The worse economic reports published in the UK recently had a great impact on the gains of GBP which led to certain weakening against EUR in the process. EUR has been quite mixed with the […]
The NZD/USD pair didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.6906 or lower. The NZD/USD pair faced resistance at the level of 0.7089, while minor resistance is seen at 0.7049. Support is found at the levels of 0.6955 and 0.6906. Pivot […]
Overview: The USD/CHF pair will continue to rise from the level of 0.9927. The support is found at the level of 0.9868, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 0.9868, while immediate resistance is […]
The Dukascopy TV team is here with the Spike Controller for Thursday, 3rd of May. Euro/Dollar’s daily average spread is point 35 pips and maximum separation of 2.2 pips took place during the past hour. Trend has shifted and the biggest move is a decline of point 73% or 88 pips as the rate moved […]
The AUDUSD has fallen to the 0.75000 level after its false breakout higher in the middle of April. Better economic data from Australia overnight has helped stem the fall, with the pair finding support at 0.74722 yesterday. A continuation of the trend lower targets 0.74000, followed by the 0.73450 level and 0.72860 in extension. Resistance […]
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:Forex forecast 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the […]
NZDUSD stalled its decline after a strong bearish rally over the previous two weeks. The pair is still trading below the 20- and 40-simple moving averages in the 4-hour chart but is has rebounded somewhat from the more than four-month low of 0.6985 hit earlier on Thursday. The RSI has flattened below the 50 level, indicating that the market could be neutral in the […]
These are the Dukascopy Daily Trading Signals for Thursday. Here’s how the technicals compare with interbank at 8 M GMT. Euro/dollar’s technicals are mostly pointing North in the hourly scale. Mid term models are neutral and daily outlook shifts to bearish, which matches the close to 33% short interbank. Pound/Dollar has mostly green indicators in […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred yesterday. Since April 13, […]
Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until breakout occurs in either directions. Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750. However, significant signs of bearish reversal were manifested around the price […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after reaching 2018 highs following a bullish fed meeting. The FOMC gave a cautious but positive assessment of the US economy, while ADP non-farm employment change came in slightly above estimates. The dollar pairs are climbing this morning as the pressure […]
Here are the latest developments in global markets: FOREX: The US dollar index, which gauges the greenback’s strength against a basket of six major currencies, was practically unchanged on Thursday after it touched its highest level in 2018 yesterday, in the aftermath of the Fed’s policy meeting. STOCKS: US markets closed lower yesterday, following the FOMC meeting. […]
Burning Forecast 03/05/2018 EURUSD: the possibility of buying. The main event of the week took place on Wednesday- the Fed. The rate was not raised, and the tone of the Fed statement was quite soft – the Fed does not expect a rapid rise in inflation and acceleration of rate hikes. On this statement, the […]
The Dollar index continues to make higher highs and higher lows. Trend remains bullish as price remains inside the bullish channel. The warnings from the RSI bearish divergence are still there but now we have also another reason to exit longs. Price has reached very close to the triangle breakout target. Black lines – triangle […]
The Gold price is very close to making a bullish reversal. The Gold price is challenging the $1,300 support area. The bullish divergence signs imply that the bounce will come very soon. This is not the time to be bearish Gold. Gold price is expected to move towards $1,330-40 at least. Blue parallel lines – […]
After the Fed interest rate decision the currency market remains under pressure of strong US Dollar: EUR/USD made a new low at 1.1935, GBP/USD made a new low at 1.3550 as well, but the USD/JPY has traded lower at 109.55. Asian equities were mostly lower with Hang Seng leading losses (-1.66%). US 10-year yields flat […]
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 – NZDUSD bulls show up before RBNZ rate… April 9, 2024 NZDUSD shows recovery […]
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-May 03rd 2018 Related Posts:Analysis of EUR/USD. […]
USDJPY has been recording a stunning bullish rally since it hit a 16-month low of 104.60 on March 23. The pair extended its run earlier this week recording a fresh three-month high near the 110.00 psychological level. However, during today’s early session the pair is trading slightly lower paring some gains. From the technical point […]
The corrective decline from 1.7257 continues to move closer to the expected corrective target in the 1.7012 – 1.7032 area. Once this correction in wave ii/ is complete a new impulsive rally higher towards 1.7474 is expected on the way higher to the first long-term target at 1.8473. Short-term, only a break above minor resistance […]
EUR/JPY has seen a new low at 131.21. This new low is likely the b-wave of an expanded flat correction in wave ii. A break above minor resistance at 131.84 will confirm this view and call for a return to the resistance near 132.54 in wave c of ii before turning lower again in wave […]
AUD/USD bounced nicely off its support at 0.7490 (100% Fibonacci extension, 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where we expect to see the price rising to its resistance at 0.7649 (50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal pullback resistance). We do have to be cautious of the intermediate resistance at 0.7582 (23.6% […]
GBP/JPY is testing its support at 148.99 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) where we expect to see a bounce, causing the price to rise to its resistance at 150.18 (61.8% Fibonacci extension, horizontal overlap resistance). Stochastic (89, 5, 3) is testing its support at 1.90% where a corresponding reaction is […]
When the European market opens, some Economic Data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, PPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, and Spanish Unemployment Change. The US will release the Economic Data too, such as Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, […]
Technical analysis: Intraday level for USD/JPY, May 03, 2018 In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Claims, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, and […]
The US Fed’s Monetary Policy Statement and Interest Rate Decision were released yesterday evening, with the rate left unchanged at 1.75%. The market is pricing in two to three hikes in 2018, with a slight bias for three to four that could strengthen the dollar position. The Monetary Policy Statement set a slightly hawkish tone, […]
