USD/JPY This pair has gained about 180 pips this week, and the price is now close to the supply level at 109.00. There is an ongoing sideways movement in the context of an uptrend; but that is supposed to end soon. The supply level would be breached to the upside as the price targets other […]
USD/CHF This pair has gained over 700 pips since the middle of February 2018. Price has been moving in a perpetual northwards mode this week, and it is now besieging the resistance level at 0.9900, which would soon be breached to the upside. The next target would then be the resistance level at 0.9950. There […]
Overview Gold price continues to fluctuate around the 1316.48 level and attempts to break it, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1301.20, while holding below 1335.40 represents the most important condition to […]
Overview Silver price ended yesterday’s trading below 16.56, which brings the price back to the sideways range, the signs of which appear on the chart, where its lines represented by the 16.15 support and the 16.80 resistance. Therefore, we believe that the sideways track will dominate the intraday trading until the price manages to breach […]
USD/JPY is expected to trade with bullish outlook. The pair is consolidating above the key support at 108.95, which should maintain the buying interest. The relative strength index broke above its neutrality level at 50, calling for a further advance. Therefore, as long as 108.95 holds on the downside, look for a rise with targets […]
The central bank theme will continue next week as the US Federal Reserve and Reserve Bank of Australia hold policy meetings. The latest nonfarm payrolls report and PCE inflation figures look set to keep the US dollar at the centre of attention for much of the week. Another keenly awaited data will be the flash […]
Let’s take a look at the potential FX market movers scheduled for publication on this week’s opening trading day, April the 30th. Swiss KOF Economic Barometer for April will be published at 7 o’clock in the morning. The index fell by 2.4 points to 106 in March. The strongest negative contributions to this result come […]
The coming week will be a busy one in the US, with an FOMC meeting on Wednesday and an employment report on Friday likely to provide ample volatility for dollar traders. Ahead of these events though, on Monday at 1230 GMT, the US will release other key data, including the core PCE price index as […]
Eurozone Following the ECB meeting on Thursday, it kept the current monetary policy of zero-rate loan rate and a depositary rate of -0.4% unchanged. Actually, the meeting was held in strict accordance with expectations, and therefore, the foreign exchange market reacted calmly to the results. The asset repurchase program is retained at least until September […]
GOLD PRICES fell back Friday after new US data showed strong GDP growth but slower inflation, putting the metal on track for its lowest weekly finish in six against the Dollar below $1318 per ounce. Adjusted for inflation, the world’s largest economy expanded at an annualized pace of 2.3% in the first 3 months […]
The EURUSD fell after the ECB rate decision and press conference yesterday. The ECB passed the buck to the June meeting, with little insight into policy on this occasion. The pair left the 1.22000 level behind and has traded under 1.21000 today. A further drop targets the falling supporting trend line at 1.20150 and the […]
Here are the latest developments in global markets: FOREX: Dollar bulls were set to win another battle for the fifth week mainly on the face of rising Treasury yields and in the absence of negative trade headlines. Geopolitical risks eased further as well after the North and South Korean leaders signed on Friday a declaration to end the […]
Japan 225 index has advanced considerably since roughly the end of March, hitting a two-month high of 22526 during Friday’s trading. Price action at the moment is taking place not far below this peak. In a longer-timeframe, the index has been developing in an uptrend since June 2016 and this week it surpassed the 20-week simple moving average. In […]
Trade plan 04.27.2018 The picture: The dollar is ready to continue its uptrend. The ECB meeting has passed and the investors were not inspired by Draghi’s performance. The euro fell as it moved towards 1.2100. The focus of news on the U.S. for today: the significant report on the U.S.GDP for the first quarter at […]
AUD/USD has been quite non-volatile and impulsive with the bearish gains recently which lead the price to fall from 0.7750 to 0.7550 support area without any bullish interference along the way. AUD started to lose momentum against USD since the last week’s worse Employment Change report was published along with an unchanged Unemployment Rate report. […]
GBP/JPY has been quite impulsive with the bearish gains below 152.50 price area which is currently residing at the edge of breaking below the support of 150.00. JPY gained impulsive momentum over JPY after having unchanged BOJ Policy Rate at -0.10% today. The BOJ Policy Statement has been quite hawkish with the increase in certain […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Analysis of GBP/USD on April 26th. The pound trades on… April 26, 2024 The wave analysis for […]
Wall Street on Thursday focused primarily on quarterly reports of companies. The yield on ten-year bonds returned before the session to the level of 3% and the rest maintained, what bulls on the stock market must have liked. Everything promised a reflection of the indexes. A report from the labor market was published and the […]
The European Central Bank will pay close attention to the deterioration in data visible in Europe since the beginning of the year. A cautious attitude translates into a sell-off of the euro, especially as data from the US looks very good at the same time. The ECB will continue a cautious approach because there is […]
The NZD/USD pair didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.6983 or lower. This week the NZD/USD pair opened below the weekly pivot point (0.7110). The major resistance is seen at the point of 0.7110. It continued to move downwards from […]
Overview: The USD/CHF pair continues to move upwards from the level of 0.9846. Yesterday, the pair rose from the level of 0.9846 to a top around 0.9919. Today, the first support level is seen at 0.9846 followed by 0.9788, while daily resistance 1 is seen at 0.9953. According to the previous events, the USD/CHF pair […]
EUR/JPY – 4 Hourly EUR/NZD peaked at 1.7257 and we should now see a correction towards at least 1.7033 and likely even closer to the 50% corrective target at 1.6964. Once this correction is complete, we expect the long-term uptrend to be re-railed for the next rally higher towards 1.7479 on the way towards 1.8473 […]
EUR/JPY – 4 Hourly EUR/JPY is following the expected path lower and should be headed lower to the next minor target at 131.47. Longer term, we are looking for wave C to decline close to 124.94 and maybe slightly lower. This decline should complete wave (E) of the huge triangle consolidation, that has been developing […]
The Bitcoin (BTC) has been trading sideways at the price of $9,217. The cryptocurrency mining industry is spread all over the world and includes everyone from small miners with a few GPUs at home to vast data centers with both ASICs and racks of endless GPUs. As such, one of the best ways to get […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3809. According to the H4 time frame, I found strong selling pressure on the market, which is a sign that buying looks risky. I also found a broken consolidation pattern, which is another sign of weakness. My advice is to watch […]
Recently, gold has been trading downwards. As I expected, the price tested the level of $1,314.86. According to the H4 time frame, I found a successful rejection of 21 exponential moving average in the background, which is a sign that sellers are in control. I also found ADX reading above 30, which is another sign […]
Weekend is just around the corner now, but don’t let your guard down and keep checking your broker’s fairness by watching the Dukascopy Spike Controller. The average daily spread is point 33 pips for the Euro/Dollar. Maximum separation has been 1.9 pips. Single currency took a slide towards the 1 20 level as the pair […]
USDSEK hit a fresh 10-month high of 8.7389 earlier on Friday. Indicative of the positive bias in the short-term is the fact that the pair finished higher in all but one of the five previous trading days. Adding to the conviction for a bullish momentum is the rising RSI. However, the indicator has entered overbought […]
Gildas Surry, partner at Axiom Alternative Investments, spoke to IGTV’s Victoria Scholar about European bank earnings this quarter. ► 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 We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex, commodities and digital 100 binaries – […]
The UK100 Index has rebounded strongly after the selloff in global equities earlier this week. The chart shows price action has risen to the upper trend line of the channel overnight, creating a new higher high at 7465.00. The market has been supported by moves in pound sterling and the risk-on mode. Should the market […]
