Burning forecast 04/17/2018 EURUSD: Attempting to start a trend. News on the US economy came out strong – retail sales accelerated growth. News on China’s economy is also positive. Political tension has receded into the background. The main US index S & P500 after a strong correction came in plus for the opening of the […]
The Dollar index is challenging important trend line support. The trend remains bearish as price got rejected at the Ichimoku cloud and at the 90 resistance level. Bulls have not managed to break above resistance and the consequence was for more weakness to push price lower. The price is below the Ichimoku cloud. Clear bearish […]
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GBPUSD was one of the best-performing currencies on Monday, which raced above the 1.4300 handle, extending a rally that has not created a retracement in the past seven trading days. The cable reached a fresh 22-month high of 1.4362 during today’s Asian session, signaling that the pair is ready for a bullish run and point to more […]
The Gold price tried to break above $1,350 yesterday but so far it has not succeeded. Short-term trend remains bullish as long as the price is above $1,340 but we must also keep in mind the important resistance we have right above at $1,350-65 where we see a big rejection last week. Long-term resistance is […]
The Russian government reportedly prepared a review of the bill “On digital financial assets”, specifying that the exchange of cryptocurrencies for fiat currency for more than 600,000 rubles (or about $9,600) or its foreign counterpart is subject to mandatory exchange regulation. According to Anatoly Aksakov, head of the Financial Market Committee, this review has not […]
The currency market drifts to the side. It is very little volatility on the commodity market. In the stock market, the sentiment was undermined by news about the new source of the US trade dispute with China. Together, this information had little impact on FX volatility, although WSJ reports somewhat weakened the risk appetite. USD/JPY […]
Morning Report: 07.00 London This morning, the British pound remains firm, with the GBP/USD climbing to its highest level since the shock of Brexit saw levels plunge. Hopes of a strong transition deal and upbeat expectations for UK average earnings and unemployment claims have helped the pound to push higher. The GBP/JPY has continued to […]
There have been fresh airstrikes on Syria overnight, with an attack on targets and airfields near the Israeli border. The US has said that it isn’t conducting any military activity in the area. Syrian air defences have engaged and intercepted missiles. This has led to very little reaction in markets so far, as details surrounding […]
EUR/NZD has followed the expected path laid out to perfection. We expect that resistance near 1.6859 will cap the upside for a break below minor support 1.6786 confirming that wave iv/ has completed and wave v/ lower towards 1.6613 is developing. This should complete wave ii and set the stage for a larger rally in […]
EUR/JPY managed to spike just above 132.90 and has peaked at 132.97. Short-term, we need a break below support at 132.09 and more importantly a break below support at 131.75 to confirm that wave B has completed and wave C is developing. We continue to expect a final decline lower towards the ideal long-term target […]
When the European market opens, some Economic Data will be released such as ZEW Economic Sentiment, Italian Trade Balance, and German ZEW Economic Sentiment. The US will release the Economic Data too, such as Industrial Production m/m, Capacity Utilization Rate, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low […]
In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data, such as Industrial Production m/m, Capacity Utilization Rate, Housing Starts, and Building Permits. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: […]
https://pepperstone.com/en/forex-news/market-review -AUD & NZD lose ground. -Sterling test to post Brexit high vs USD. -China GDP for Q1 2018 beats estimates. -Shinzo Abe to meet with Donald Trump in Florida. -Factors behind US 500 Q1 earnings surprises. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To […]
USD/JPY has been residing inside the corrective range of 106.80-107.50 price area for a few days now from where bearish momentum is expected to push the price lower in the coming days. There are certain tensions going on in the market for which certain volatility and correction is being observed. Market participants are currently looking […]
EUR/USD has been quite impulsive with the bullish gains recently which engulfed the recent bearish pressure with a daily candle yesterday. The volatility in the EURUSD is still quite high and expected to have no definite trend momentum until 1.25 is broken above or 1.21 is broken below. Despite having worse economic reports EUR gained […]
GBP/JPY is approaching its resistance at 153.90 (76.4% Fibonacci retracement, multiple swing high resistance) where we expect prices to fall to its support at 152.13 (23.6% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 98% where we expect to see a similar reversal. Sell below 153.90. Stop loss at […]
USD/JPY broke out of its ascending support where we look to sell on strength at 107.142. We expect prices to push down all the way to its support at 106.649 (38.2% Fibonacci retracement, horizontal overlap support). RSI (55) shows a corresponding break out where we expect to see a similar drop. Sell below107.142. Stop loss […]
As hedge funds grow in the bright future of the British pound, the currency of the UK is gaining steadily and comes out on a clean first place in the G10 race for the title of best performer since the beginning of the year. As a result of the build-up of speculative net long positions […]
Trade plan 04/16/2018 General picture: Markets are expecting growth. A military strike against Syria was inflicted immediately after the markets closed on Friday. It seems not accidental. The Western countries seek to minimize the new fall of the markets and they succeeded. On Monday morning, everyone knows that there is no reason to wait for […]
China, the second largest economy in the world and the third top destination for foreign direct investments after the US and the UK will see the release of GDP growth for the first quarter of 2018 on Tuesday at 0300 GMT along with readings on industrial production and retail sales. The economy, which has transformed […]
Members of the Federal Open Market Committee (FOMC) have a busy schedule ahead this week as many of them are lined up to make public appearances. Investors will be looking for a hawkish tilt in policymakers’ views after one FOMC member, Eric Rosengren, fuelled speculation of four rate hikes this year in a speech last […]
Entertainment company Netflix will release its earnings report for the first quarter of 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group. The provider of media streaming services is anticipated to have made $0.64 in earnings […]
It’s going to be a busy week for sterling traders. The UK will release its employment figures for February on Tuesday at 0830 GMT, while inflation and retail sales data for March will follow at the same time on Wednesday and Thursday respectively. Wages are projected to have picked up speed, while inflation is anticipated […]
Agriculture, food and lumber as an indicator for the economy, insight into the basic commodity needs of our society, Udo Sutterluety, Funds Manager, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#239976 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV […]
GOLD PRICES spiked against a falling Dollar in late London trade on Monday, recovering an earlier 0.5% dip as Moscow denied US claims that Russian forces have “interfered” with the site of last week’s deadly chemical weapons attack in Syria, while new data said US consumers spent more than analysts expected in stores and malls […]
CADJPY has been making higher lows and higher highs since the middle of March when it touched a nine-month low of 80.50, pausing the downtrend and creating a bullish tendency. The technical indicators continue to send bullish signals, suggesting that the strong upward movement in the market is not over yet. In the 4-hour chart, the Relative Strength Index […]
USD/JPY is expected to trade with bearish outlook. The pair has returned to levels above both the 20-period and 50-period moving averages, but remains capped by the key resistance at 107.65. Meanwhile, the relative strength index has returned to levels above the neutrality level of 50, indicating that upward momentum could push the pair higher. […]
USD/CHF is expected to trade with bullish outlook. The pair retreated and broke below its 20-period and 50-period moving averages. In addition, the death cross between 20-period and 50-period moving averages has been identified. The relative strength index is below it neutrality level at 50. Therefore, as long as 0.9640 holds on the upside, a […]
