Recently, the Gold has been trading sideways at the price of $1,322.00. Anyway, according to the H4 time-frame, I found strong supply in the background and weak buyers, which is a sign that buying looks risky. ADX indicator decreased on the rallies, which is a sign that buyers are weak. I also found a successful […]
The Bank of Japan will announce its latest monetary policy decision on Friday after concluding a two-day meeting. The announcement could easily be a non-event as the Bank is widely expected to keep policy unchanged and not make any significant changes to its quarterly economic forecasts, which are published the same day. However, investors shouldn’t […]
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, you’re watching the Dukascopy Daily Trading Signals for Thursday. Technical models are mostly neutral in the hourly scale for the Euro/Dollar. Mid and long terms both have 6 red signals, which are matched by the 23% short interbank sentiment. Most of the studies are pointing South in all three time scales for […]
The EURJPY pair attempted to reach the 133.500 level this week but has dropped back to form a triangular pattern. This is forming inside a larger wedge pattern, marked out here with blue trend lines, and the recent high formed the third touch on the top line of this pattern. A break higher above 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:Analysis for GBP/USD on April 16th. The pound should not… April 16, 2024 The wave analysis […]
Corn is one of the most popular crops in the world. In many countries, corn is a staple food while in the developed countries, it is used both for food and ethanol production. United States is one of the biggest producer and consumer of corn. This year, corn has been one of the best performing […]
Burning forecast 04/26/2018 EURUSD: The decisive day for the euro – the European Central Bank. Today will be the ECB meeting. The decision will be made public at 111:45 AM London time, the press conference of the head of the ECB Draghi at 3:30 PM London time Changes are not expected. However, the ECB is […]
The Dollar index is making higher highs. The price remains in a bullish trend above the Ichimoku cloud. There is a warning bearish divergence sign by the RSI. A deeper pullback maybe towards 90 could come very soon. Bulls need to be cautious. Black lines – triangle pattern Blue lines – bearish divergence The Dollar […]
Gold price, as expected, made a new lower low yesterday. The price remains in a bearish trend as it is still below the 4 hour and Daily cloud. However, we have some bullish divergence signs. This implies that maybe it is time for bears to take some profits. Gold has pulled back towards the upper […]
The National Audit Office of the People’s Republic of China is considering blocking the problem of its current infrastructure described as an “endless cycle of data storage and management,” reads the announcement published on the official website. This office is responsible for the control of all government-related financial transactions and the management of a centralized […]
Morning Report: 07.00 London This morning, the dollar index is slightly on the back foot, following further gains yesterday. Nevertheless, the dollar remains near three month highs as tech giants such as Facebook impress with their earnings. The EUR/USD continues to lag ahead of today’s ECB meeting. No change is expected, but long term forward […]
Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both […]
We would like to inform you that due to Labour Day, Constitution Memorial Day, May Bank Holiday, and Ascension Day, all of which take place in May, the trading hours of various instruments will be affected between 1 and 10 May 2018. The normal trading hours will be resumed from then on. Please review the […]
USDJPY extends its gains after the penetration of the 108.20 strong barrier during Monday’s session. Earlier today the price recorded a fresh more than two-month high of 109.46 and has added more than 250 pips over the last six trading days. From the technical point of view, in the daily timeframe, the price is developing well above the 50-day […]
The strength of USD remains the main trading theme of this week, even if overnight trading session brings modest rebound. EUR/USD remains well below 1.2180, USD/JPY stopped at 109.30. NZD continues to be the weakest, falling to 0.7060. Yields of 10-year US bonds this morning are at 3.0240 percent.In addition, the market participants still have […]
Markets were choppy yesterday as 10-year US notes went above 3%, but after creating new lows for the week, stock markets rallied with much of this move extending into the Asian session. The USD strengthened further, with USDJPY reaching the key 109.500 level and GBPUSD consolidated under 1.40000. The EUR settled into a tighter range […]
EUR/JPY This cross is now consolidating in the short-term, and in the context of an uptrend. Price is now above the demand zone at 133.00, going towards the supply zone at 133.50, which would be tested and get breached to the upside. This would be realized when momentum in the market rises, which is expected […]
USD/JPY This pair has gained about 180 pips this week, and the price is now close to the supply level at 109.50. The supply level would be breached to the upside as price targets other supply levels at 110.00 and 110.50. There could be bearish efforts along the way, but things would be overpowered by […]
USD/CHF This currency trading instrument remains a bull market, for bulls are still willing to push price upwards. The resistance level at 0.9800 is under siege (it has been tested a few times), and it would soon be breached to the upside as price goes further upwards towards the resistance levels at 0.9850 and 0.9900. […]
EUR/NZD has now entered the target-area between 1.7217 – 1.7264 and wave i could peak anytime now for a corrective decline in wave ii towards at least 1.7037. Short-term a break below minor support at 1.7181 will indicate that wave i has peaked and wave ii is developing, while a break below support at 1.7124 […]
Wave B likely peaked with the test of 133.49, but we need a break below minor support at 132.59 to confirm this is the case and that wave C below 128.97 is developing. That said, we need to allow for a final spike to just above 133.49 as long as support at 132.59 stays untouched. […]
GBP/JPY is approaching its resistance at 1525.67 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing the price to fall to its support at 150.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 151.68 (50% Fibonacci retracement, horizontal […]
CAD/CHF is approaching its resistance area where we look to sell below 0.7662 (100% Fibonacci extension, 100% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance). We expect the price to fall to its support at 0.7609 (61.8% Fibonacci extension, multiple swing low support). Stochastic (55, 5, 3) is approaching its resistance at […]
When the European market opens, some Economic Data will be released such as Minimum Bid Rate, Spanish Unemployment Rate, and German GfK Consumer Climate. The US will release the Economic Data too, such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders […]
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a probability the USD/JPY will move with a low to […]
https://pepperstone.com/en/forex-news/market-review -DXY trades above 91. -AUD, NZD & JPY find their feet ( for now?). -All eyes on the ECB today. -Korean GDP rebounds in Q1. -China looks at a cut in vehicle duties. -Dutch producers are feeling gloomy. -Market drivers & relationships are changing- take note. The overnight changes and price moves to be […]
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-April 26th 2018 Related Posts:Outlook for EUR/USD […]
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 the bearish breakdown of 0.7200 occurred Yesterday. Since April […]
Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until a breakout occurs in either direction. 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 […]
