Daily analysis of GBP/USD for January 02, 2018

GBP/USD has been forming a higher high pattern above the middle band of the Bollinger bands on H1 chart and it’s facing resistance in the 1.3516 level. If the pair manages to break above it, then the next hurdle to overcome should be the 1.3589 zone. However, corrective moves are expected to happen, with a […]

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EUR USD kicks off 2018 above $1.20, Asian data impresses, European PMIs on tap.

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Euro off to a strong start, as the Dollar weakens. -EZ, UK and US PMI data on the calendar. -India’s manufacturing growth. -Singapore’s Q4 GDP ahead of forecasts. -HK equities boosted by Caixin PMI data. -US crude oil above $60 PB on Iranian unrest. -2017 performance heatmap. Any clues for 2018? […]

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Daily financial news by- Binary.com- January 1st 2018

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- January 1st 2018 Related Posts:Bitcoin collapses […]

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Weekly market outlook by- Binary.com December 31th, 2017

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 Weekly market outlook by- Binary.com December 31th, 2017 Related Posts:Video market […]

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Gold Bullion Price Up 12% in 2017 as Stock Markets Add 20%

GOLD BULLION prices rose a second year running in 2017, ending December at the highest annual close in US Dollar terms since the peak of 2012.   Having risen 9.1% in 2016 in Dollar terms, gold bullion finished 11.9% higher again in 2017, its strongest gain since 2010 for US investors.   Fixing at $1296.50 […]

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Bitcoin analysis for December 29, 2017

Bitcoin (BTC) has been trading sideways at the price of $14.344. The bill for the regulation of cryptocurrencies and initial coin offerings (ICOs) in Russia is ready. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be […]

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GBP/USD analysis for December 29, 2017

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time – frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and […]

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USD/JPY analysis for December 29, 2017

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 112.48. According to the 4H time – frame, I found a breakout of upward trendline, which is a sign that buyers lost power and sellers took control. My advice is to watch for potential selling opportunities. The downward targets are set […]

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Trading plan 12/29/2017

Trade plan 12/29/2017 Overall picture: Trend against the dollar. In the last days of the outgoing year, there is a general trend against the dollar wherein the euro broke the level of 1.1900. It seems that the pound is ready to go up to 1.3470 while, both the Swiss franc and the Japanese yen have […]

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Global macro overview for 29/12/2017

Dow Jones Industrial at the close increased 0.26% up to 24837,51 points, S&P500 increased by 0.18% up to 2687,54 points and Nasdaq went up by 0.16% up to 650,50.16 points. Technological companies, telecoms and development companies contributed the most to DJI increases as the global investors hope that at the end of the year the […]

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29.12.2017 – Movers and Shakers by Dukascopy

It’s 3 PM GMT on the final trading day of 2017, so let’s see what’s moving and shaking on the FX Markets. The Cable is the mover of the day with an increase of point 63% and the pair has been heading higher throughout the session. Sterling wraps up this year with a bullish run […]

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Technical analysis of USD/CHF for December 29, 2017

Overview: As expected, the USD/CHF pair continues to move downwards from the areas of 0.9800. Yesterday, the pair dropped from the level of 0.9800 to 0.9757, which coincides with a ratio of 23.6% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 0.9800 and 0.9849. So, we expect the price to […]

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Bitcoin analysis for 29/12/2017

The South Korean government will announce that it will forbid domestic cryptocurrency exchanges to allow users to make transactions via anonymous accounts. As part of what appears to be a series of updates aimed at improving the supervision of industry practitioners, the government will also try to prohibit banks from issuing new virtual accounts on […]

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Weekly Review: Copper, Ripple and Brent Big Winners as Dollar Disappoints

This week, as expected, markets experienced thin volumes as investors celebrated the Christmas holidays. Still, the markets saw major moves especially with the cryptocurrencies. On Monday, the major cryptos tried to recover from the major losses experienced last week with bitcoin trading above $16,000. However, on Thursday, the cryptos started falling as South Korea announced […]

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Top Markets To Watch: 2018

Which markets should you be watching in 2018? Jeremy Naylor explores the top potential movers, as chosen by IG analysts. ► For more on the markets to watch in 2018: https://www.ig.com/uk/trading-opportunities/2017/11/29/financial-market-forecast–markets-to-watch-in-2018-40918 ► Subscribe: https://www.youtube.com/IGIndexSpreadBetting Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 IG empowers informed, decisive, adventurous people to access opportunities in […]

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Trading plan for 29/12/2017

Just before the start of the last session in 2017 on the Old Continent, the leader is NZD/USD with 0.3% gains. Based on the upcoming data on inflationary pressure, it may partly count the Euro (0.1%), which is trying to stabilize the EUR/USD rate above 1.1950. The pound sterling (0.2%) and the Japanese yen (0.2%) […]

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29.12.2017 – Midday Snapshot by Dukascopy

Find out how the morning session has been shaping up for the currency traders on this year’s last trading day by watching the Dukascopy Midday Snapshot. Euro/Dollar has made a move towards the 1 20 level and the pair stands point 4% in the green at noon. Turnover is average and neutral sentiment of the […]

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What Can We Expect in 2018?

2017 has been a very successful year for investors and traders. Stock markets in most developed countries have had major double-digit growth. Investors in cryptocurrencies have seen their positions grow exponentially. Traders in commodities had mixed results with palladium being the biggest winner. Here are my 5 predictions for the coming year. Dollar Strength in […]

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Special Report – Australian dollar : Monetary policy, iron ore, and Chinese risks

The aussie enjoyed a decent run in 2017, but it is an open question if this will remain the case in 2018. Expectations for declines in iron ore prices and the prospect of a notable slowdown in the Chinese economy suggest that the risks surrounding the AUD over the coming year may be tilted to […]

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Burning Forecast 29/12/2017

Burning Forecast 29/12/2017 EURUSD: Buy from kickbacks. The euro was on the growth trend in the final days of 2017. A break above 1.1900 and the consolidation above this level is a strong signal for growth. At the moment, the course is testing the next important resistance of 1.1960 – and, if successful, a target […]

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Daily financial news by- Binary.com- December 29th, 2017

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- December 29th, 2017 Related Posts:Bitcoin collapses […]

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US Open Preview– Dollar index tumbles to 3-month low; FTSE at fresh record highs

Here are the latest developments in global markets: FOREX: The dollar index stretched its downtrend toward a fresh three-month low of 92.34 (-0.26%) as investors stood less confident on the outlook of the US economy, while gains in the euro and the pound pressured the index even further. Euro/dollar hit a three-month high of 1.1986 (+0.33%) and […]

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Daily analysis of major pairs for December 29, 2017

EUR/USD: The EUR/USD pair has risen this week, moving from the support line at 1.1850, and testing the resistance line at 1.1950. There is a Bullish Confirmation Pattern in the market, and further upwards movement is expected, which may make price reach the resistance lines at 1.2000 and 1.2050. USD/CHF: The USD/CHF pair has dropped […]

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29.12.2017 – Spike Controller by Dukascopy

We’ve reached the end of this trading year, so let’s have one final look at the benchmark interbank price data for the year 2017. Euro/Dollar’s long term average and maximum spreads are point 29 and 1 pip respectively. The pair has once again pushed towards the 1 20 level as it gained point 55% or […]

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Technical Analysis – GBPUSD sees strengthening bullish momentum in near-term

GBPUSD is edging sharply higher since last Wednesday, adding around 1% relative to Tuesday’s close and being well on track to post its fourth green day in a row. The price is still trading comfortably above the ascending trend line, which is roughly holding since March and is currently approaching the next immediate resistance level at 1.3550. The current risk is to the upside and the price […]

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Special Report – Canadian dollar : As good as it gets?

The Canadian currency outperformed most of its major peers in 2017. Whether that will continue or reverse in 2018 is likely to depend on monetary policy, the evolution of oil prices, and developments in the NAFTA negotiations. With the market having already priced in a significant degree of monetary tightening, and with oil prices likely […]

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Elliott wave analysis of EUR/NZD for December 29, 2017

Wave summary: A bottom is likely building for wave ii, but we still need a break above minor resistance at 1.6927 to confirm that wave iii is developing for a rally towards at least 1.7348 on the way higher to the ideal 1.7777 target. Support at 1.6800 should continue to protect the downside for the […]

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Technical Analysis – EURUSD extends its gains; prints 1-month high near 1.1960

EURUSD is posting a strong bullish rally over the last two trading days and reached a fresh one-month high of 1.1968 during today’s European morning session. In the short- to medium-term timeframe, the price is consolidating within a one-month narrow range with an upper boundary the 1.1960 resistance level and a lower boundary the 1.1710 support level. Now […]

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European Open Preview – Dollar hits fresh one-month low; oil rises to highest since mid-2015

Here are the latest developments in global markets: FOREX: The dollar traded marginally lower against a basket of major currencies, touching its lowest level since late November. STOCKS: Japan’s Nikkei 225 closed lower, albeit by less than 0.1%, while Hong Kong’s Hang Seng was up by nearly 0.3%. Futures tracking the Euro Stoxx 50 were […]

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Elliott wave analysis of EUR/JPY for December 29, 2017

Wave summary: Here is the final update in 2017 and we continue to look for a final spike higher to 137.37 to complete wave (D) and set the stage for wave (E) lower towards the ideal target at 123.43. The trading action since before Christmas has been very dull and nothing much is expected from […]

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