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, […]
https://pepperstone.com/en/forex-news/market-review -Majors gain overnight vs USD -Fed leaves rates on hold. -Australia’s trade balance jumps sharply higher. -HKMA warns on local rate volatility. -China-US trade talks. -The growth in EM US$ debt. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To Forex Trading? See Our Comprehensive […]
The dollar rose from its knees and the yield of 10-year US Treasuries broke through a psychologically important mark of 3%, which made gold a whipping boy. The precious metal fell to the level of 4-month lows, and the market is discussing the prophetic forecast of Larry Kudlow. When assuming the post of chief economic […]
Burning forecast 05/02/2018 EURUSD – Waiting for a strong upward rebound. Today – important news on the US: Late in the evening at 6:00 PM London time – the decision of the Fed on rates. Experts do not expect an increase, but the Fed statement will be “tough.” But before that: At 12:15 PM London […]
The US500 index has recovered after yesterday’s sell-off with a late session rally to the 4-hour moving average cluster. The blue trend line has been gained once again but the chart shows that the red trend lines, with the top one taken parallel from the bottom, defining the current price action. A break above this […]
Eurozone flash inflation readings will be available for review on Thursday at 0900 GMT and forecasts suggest that price growth in the monetary union will continue to lack momentum needed to reach the European Central Bank’s (ECB) inflation target, justifying the central bank’s patience in removing stimulus. On an annual basis, the headline Harmonized Consumer Price Index […]
Electric vehicle-maker Tesla is scheduled to release its earnings report for Q1 2018 after Wednesday’s US market close. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Auto & Truck Manufacturers peer group being a “buy”. The California-based company’s first quarter earnings per share (EPS) are anticipated to come […]
Market odds of an interest rate rise by the Bank of England in May have fallen dramatically over the past month from over 90% to less than 20% after a run of weak UK data. BoE chief, Mark Carney, also cast doubt about the prospect of a May move in recent remarks. However, after strongly […]
All our upward targets which we predicted in the previous analysis have been hit. USD/JPY is expected to trade in a higher range. The technical outlook of the pair is bullish as the prices have recorded a series of higher tops and higher bottoms since April 27. The upward momentum is further reinforced by both […]
The Federal Open Market Commission (FOMC) started their two-day meeting yesterday. The meeting’s highlight will be the interest rate decision which will be announced at 1900 (GMT+1). It is highly expected that the officials will leave rates unchanged at 1.75%. Traders will be waiting for the accompanying statement, which will give them direction on future […]
WTI futures have been holding within a consolidation area since April 18 with upper boundary the 69.35 resistance level and lower boundary the 67.10 support, while the 20- and 40-simple moving averages in the 4-hour chart are acting as a strong mid-level of the channel. In the short-term, the technical indicators turned their momentum to negative. Looking at momentum oscillators […]
GBPUSD dived over the last two weeks after the bounce off the 1.4375 resistance level, while during yesterday’s daily session the price dropped below the long-term ascending trend line, shifting the bullish outlook to bearish. However, during Wednesday’s session, the pair is paring some losses after reaching an almost 16-month low of 1.3579. The RSI has fallen into oversold territory but is sloping slightly to […]
The morning session is over on this Wednesday, so let’s see how things are shaping up for the market players. Euro/Dollar has been calmer than usual, the pair has walked in a total range of 45 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 11%. Both […]
GOLD PRICES rallied Wednesday morning ahead of the Federal Reserve’s May meeting on US interest rates, adding 0.5% from yesterday’s drop to within $3 of $1300 per ounce – a level last seen before New Year 2018. Ahead of the Fed’s decision, latest survey data said Tuesday that US manufacturing activity slowed to a […]
Thursday is a busy day with plenty of news releases, so let’s take a closer look with the Economic Calendar. UK Services PMI for April opens this agenda at 8:30 in the morning. Heavy snow hit the services sector in March as the index dropped to the lowest level since the Brexit vote. Flash Euro […]
Here are the latest developments in global markets: FOREX: The US dollar managed to pare some losses against the Japanese yen made after it touched a 3-month high of 109.91 earlier in the day, rising to 109.83 (-0.02%). The dollar index, which gauges the greenback’s strength versus six major currencies, managed to hit a 4-month high […]
