As crucial meetings with significant geopolitical importance approach, global investors and traders will be on edge for important clues. Later this week, South Korean and North Korean leaders will meet with a bid to resolve the decades’ old long war. The two countries have been in a technical war for more than 50 years. This […]
Here are the latest developments in global markets: FOREX: The dollar picked up speed as the 10-year US Treasury yield continued to trend near 3.0%, the highest since early 2014, underpinned by concerns that increasing oil prices could spread inflationary pressures, while a rise in US debt issuance was also supportive for the jump in yields. Besides that, Saturday’s news out of North […]
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In the wake of a surprise announcement from Bank of England (BoE) Governor Mark Carney that UK rates may now not go up in May, as the markets had been pricing in, Chris Watling, from Longview Economics, joins Jeremy Naylor. ► 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 […]
Overview: The GBP/USD pair continues to move downwards from the level of 1.4122. Last week, the pair dropped from the level of 1.4122 (this level of 1.4122 coincides with the major resistance) to the bottom around 1.3965. Today, the first resistance level is seen at 1.4043 followed by 1.4122, while daily support 1 is found […]
For the last months, the market has been dominated by the conviction that the US Dollar has many reasons to be weaker and yet since February, this pessimistic approach cannot find confirmation in the dollar index behavior. The Friday surprising US government bond yields give the dollar a fresh boost, and the investors’ reluctance to […]
Trading plan 04/23/2018 The overall picture: the turn towards the dollar. The week closed against the backdrop of the dollar strengthening. The given statement by the head of the Bank of England is important saying that the Bank of England rate hike will probably be postponed. The pound is under pressure and within the range. […]
It’s time to check that your broker is not misleading you by watching this week first spike controller. We begin with the Euro-Dollar pair which has a daily average spread of point 44 pips and maximum daily spread of a single pip. the high and low difference is over half a percent or 64 pips. […]
EUR/JPY The EUR/JPY pair is bullish in the near term, but the bullishness in the market is very weak. Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would most probably favor bears. Thus, the demand zones at 132.00, […]
USD/JPY The USD/JPY pair is bearish in the long term, and bullish in the short term. After price rammed into the demand level at 105.00 on March 23, it has gone upwards by 280 pips since then. Price closed above the demand level at 107.50 on Friday and it may even reach the supply levels […]
USD/CHF This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, the price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on […]
EUR/USD has been quite impulsive with the bearish gains recently after bouncing off the 1.24 price area with a daily close. After certain consolidations previously, the positive economic reports of USD helped the currency to gain momentum over EUR, ahead of the upcoming EUR Minimum Bid Rate report to be published this week. Though the […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.982 and reached first objective target. The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion […]
The EURUSD pair has fallen lower after losing trend line and moving average support. The price dropped to a low on Friday of 1.22490. Below this level, there is support at 1.22400 and the 1.22000 area. A loss of those levels would target 1.21640 and 1.21111 in extension. There is major trend line support at […]
Good morning traders it is the start of the week and it is time for Mondays trading signals. Let’s get things going with Euro-US Dollar pair. We have 5 sell signals in the short term 7 in the mid-term and 4 in the long-term. The interbank sentiment is neutral at almost 6 and a half […]
Gold plunged during today’s European session, following declines in the two previous days. The price reached a two-week low of 1330.70 after the pullback on the 1355 resistance level. It is worth mentioning that the price has been trading within a range since January 25 with the 1365 resistance level being the upper boundary and the 1307 support level the lower boundary. From the technical point of view in […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,329.00. According to the H1 time – frame, I found a breakout of the upward channel, which is a sign that sellers are in control. I also found a very consistent supply, which is another sign of weakness. My advice […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3984. According to the M15 time – frame, I found a successful breakout of the upward trendline in the background, which is a sign that buying looks risky. I also found a strong downward pressure in the background, which is another […]
The Dollar index is challenging important resistance. Price has broken above the 4-hour Ichimoku cloud and the first step for a bigger bounce towards 91.70 has been made. Bulls will now need to break above the April high and at the same time break above the triangle pattern. Black lines – triangle pattern The Dollar […]
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:What to expect for the dollar next week? April 7, 2024 The dollar missed plenty of […]
Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Monday, though by less than 0.1%, adding to the significant gains it posted on Friday on the back of rising US Treasury yields. The loonie plunged on Friday after Canada’s CPI data disappointed, while the safe-haven Japanese yen is a touch softer today, amid […]
The Supreme Court of Russia ordered the City of St. Petersburg to examine the reference to the ban on the information site regarding the cryptocurrency of the Russian Legal Information Agency (RAPSI). In the summer of 2016, the District Court in St. Petersburg for the District of Vyborgsky recognized the request of the prosecutor’s office […]
In November 2017, evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why, a […]
Yields of US government bonds are maintaining levels after Friday’s rally, which supports USD. Moving on risky assets results in mixed stock market behavior and weakness of commodities, although news related to North Korea and US-China relations are positive. On the Asian stock market, minor declines on the main trading floors: Nikkei -0.3%, Shanghai Composite […]
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 […]
Gold price is challenging important Daily support at $1,333-28. Short-term trend is bearish as price has broken below the 4hour cloud. Gold price has seen multiple rejection at $1,355-65 area and every attempt to break the long-term resistance has been met with selling pressures and price reversals. Bulls continue to hope for a bullish break […]
The US dollar finished the week with growth, but the demand for it was circumstantial and was caused by the outcome of investors from China against the growing threat of a full-fledged trade war. We have repeatedly noted that the strengthening of the dollar is important only in terms of supporting the stability of the […]
Morning Report: 07.00 London This morning, world markets have a positive bias on expectations of a positive resolution to North Korea talks and the China trade dispute. The US dollar index initially gapped higher at the open, but has since slipped back to unchanged levels. The AUD/USD is leading the charge, recovering from the opening […]
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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 of Intraday Price Movement of Filecoin… April 7, 2024 With the appearance of the […]
