Morning Report: 07.00 London The dollar index is in control once again as dollar pairs fall on the back foot. This comes despite Trump removing the US from the Iran nuclear deal. The EUR/USD is trading well below 1.1900, extending its recent losing run. The GBP/USD is also struggling, but is holding up relatively well […]
AUDUSD has come under renewed selling pressure on Wednesday, recording a fresh 11-month low of 0.7423 and remaining below the long-term ascending trend line. This diagonal line had been holding since January 2016 and this is the third bearish week where the price has extended its losses. Despite that there was a strong support of 50.0% Fibonacci retracement level of 0.7480 […]
The night after Trump’s announcement of the unilateral withdrawal of the US from a nuclear agreement with Iran does not bring a fundamental variety of sentiment. This factor mainly dominated the crude oil market and indirectly influences others, i.e. it does not lead to an increase in risk aversion, which, for example, would strengthen the […]
EUR/JPY has been impulsive and non-volatile with the bearish gains since it bounced off 133.00 resistance area recently. JPY has been quite strong with the gains while EUR was struggling with the mixed economic reports. Despite the mixed economic reports today, JPY lost some grounds against EUR. Today Japan’s Average Cash Earnings report was published […]
CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where we expect the price to rise to its resistance at 0.78070 (horizontal swing high resistance) if broken. Stochastic (55, 5, 3) bounced from its support at 7.7% where a corresponding rise is expected. Buy above 0.7745. Set stop loss at 0.7714 […]
Reasons for the trading strategy (fundamental): Former Goldman Sachs President Gary Cohn said Tuesday he thinks the world will have a global cryptocurrency that is not bitcoin. “I’m not a big believer in bitcoin. I am a believer in blockchain technology,” Cohn told CNBC. He expects the digital coin of the future will be simpler […]
When the European market opens, some economic data will be released such as the German 30-y Bond Auction and Italian Retail Sales, as well as theFrench Industrial Production m/m. The US will also publish economic reports including the 10-y Bond Auction, Crude Oil Inventories, Final Wholesale Inventories m/m, Core PPI, and PPI. So amid the […]
In Asia, Japan will release the leading indicators and the average cash earnings y/y. At the same time, the US will also deliver some economic data such as 10-y Bond Auction, Crude Oil Inventories, Final Wholesale Inventories m/m, Core PPI, and PPI. So there is a probability the USD/JPY will move with low to medium […]
Overview: The USD/CHF pair follows a bullish trend from the support levels of 0.9945 and 0.9993. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), the immediate support is […]
Overview: As expected, the NZD/USD pair continues moving downwards from the areas of 0.7108 and 0.7031. Yesterday, the pair dropped from the level of 0.7031 to 0.6955 on a daily chart. Today, resistance is seen at the levels of 0.7031 and 0.6858. So, we expect the price to set below the strong resistance at the […]
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 […]
Spot Oil prices are higher overnight after the US withdrew from the Iran Deal yesterday. US WTI bottomed at $67.56 yesterday and is now currently trading at $70.53. US President Trump has long said that the deal was “no good” and part of his election campaign was to end US participation in the agreement. The […]
Despite good industrial production figures in Germany for March of this year, the European currency continued its decline against the US dollar and a number of other world currencies on Tuesday morning. The speech of the chairman of the Fed was taken by traders with a certain optimism. Although, Powell did not touch on the […]
Since the beginning of the year, futures quotes for the North Sea oil have grown by 12.8%, leaving the experts of the Wall Street Journal as fools. Analysts in December forecast an average price of $57 per barrel in the first quarter. In fact, it turned out to be $67. Moreover, in May, Brent reached […]
To open long positions for EURUSD, it is required: Buyers missed the support level of 1.1874, and now all hope for a larger area of 1.1830 and 1.1792, where you can open long positions in the euro immediately at a rebound. If the trade returns to the level of 1.1874 in the second half of […]
To open long positions for GBP/USD, it is required: Buyers are trying to keep the support level at 1.3490, and the formation of a false breakdown on it will be the first signal to open long positions in the pound, based on a return to the middle of the 1.3562 channel, where I recommend locking […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 High-debt levels combined with rising rates means increasing financial pain for borrowers. The eventual result is an all-out credit collapse.See a chart that suggests a debt implosion may be closer than many observers realize. 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:Technical Analysis – AUDJPY in overbought waters; RBA rate… […]
Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD: ECB may get ahead of the Fed April 7, 2024 From the European Central Bank, signals of a dovish nature…Week Ahead – ECB decision and US inflation to fuel FX… April 7, 2024 Central bank decisions in Eurozone, Canada, and New Zealand Highlight…Market Comment […]
Like Trump’s man said: Dollar up, gold demand down… SAY WHAT you like about Donald Trump, but he does what he tweets, writes Adrian Ash at BullionVault. “The Dollar is going to get stronger and stronger and ultimately I want to see a strong Dollar,” the grabber-in-chief told CNBC in January…back when the […]
Overview Silver price did not show any strong move in the previous sessions. The price is still fluctuating around 16.56 level. Thus, the sideways scenario remains valid until the price manages to breach any of its borders, represented by 16.15 support and 16.80 resistance. Please note that the details of the expected targets after breaching […]
Bitcoin is currently residing at the edge of $9,000 price area after an impulsive bearish pressure today as expected. The price has been in a bearish momentum since it bounced off the $10,000 price area after being under non-volatile bullish pressure since it broke above $6,500 with a daily close. Though not only Bitcoin but […]
GBP/USD has been quite impulsive, following the downward trajectory today despite the recent bullish attack with a daily close. After the observance of May Day, today the UK failed to provide strong economic reports to sustain the recent bullish momentum in the pair. Today GBP Halifax HPI report was published with a significant decrease to […]
USD/JPY is expected to trade with a bullish outlook. Although the pair posted a pullback from 109.30, it is still trading above its key support at 108.80, which should limit the downside potential. The relative strength index has landed on its neutrality level at 50 and is turning up. To conclude, as long as 108.80 […]
Focus on long-term cycles, plus a few short-term standouts. Jeffrey Kennedy has been at the helm of our ever-popular Commodity Junctures for well over a decade. ElliottWaveTV asks what drew him to commodities in the first place, as well as what long-term cycle commodities are currently in. In the full version of this interview, Jeffrey […]
Currencies that trade against currencies other than the U.S. dollar can be a lucrative market for traders in the know. For insights, ElliottWaveTV sat down with Michael Madden, co-editor of our forex-focused Currency Pro Service. In the full version of this interview, Michael gives you his latest thoughts on the CHF, EUR/GBP and other opportunities […]
The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2100 GMT. Policymakers are widely expected to remain on hold, so price action will be driven by any changes in the accompanying statement, as well as the updated economic forecasts. While the broader policy message is likely to remain neutral, […]
EURGBP is looking more neutral in the short term after pulling back from multi-week highs reached on Friday. The rebound from 0.8620 (11-month low) to 0.8841 (7-week high) lost momentum after hitting resistance at the 61.8% Fibonacci retracement of the downleg from 0.8967 to 0.8620. Momentum indicators point to further downside risks in the near […]
Price action in related markets can help you strengthen your Elliott wave forecast. ElliottWaveTV asked our Metals Pro Service editor, Tom Denham, to explain how he juggles gold stocks vs. gold, and silver vs. gold, to get the most accurate read on these market. In the full version of this interview, Tom gives you his […]
After CYBG’s takeover offer for Virgin Money, Jeremy Naylor discusses what it means for the challenger banking sector as a whole, while also analysing OneSavings Bank and Metro Bank. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets […]
There are a couple of Kiwi Dollar shakers scheduled for publication on this Wednesday, so let’s tale a closer look with the Dukascopy Economic Calendar. A couple of North American reports open this agenda at a half past noon GMT, including the US PPI stats for April. The Producer Price Index for final demand advanced […]
