Bank of Japan concluded its meeting early today. As expected, the officials unanimously voted to keep the interest rates unchanged. According to the statement, the officials agreed to continue applying an interest rate of negative 0.1% to the policy-rate balances in the current accounts held by financial institutions. In addition, they will continue the quantitative […]
In February, the EUR/CHF pair reached a low of 1.1442 before starting a major rally. The pair is currently trading at slightly lower than 1.2000. From the YTD low, the pair has risen by almost five percent. The current rally on the pair came mostly because of the Swiss National Bank. The bank officials have […]
Dollar on the comeback, US rate decision, NFP and Apple reporting head an action-packed week for the markets Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is […]
GBPJPY has been underperforming since Thursday’s trading session after it found a resistance obstacle at the 152.70 barrier. When looking at the bigger picture, the price had been developing within an ascending movement since March 2after the pullback on the 145.00 significant psychological level, however, currently, the price has fallen sharply below this line. The short-term technical indicators are bearish […]
It’s time for this week’s last Daily Trading Signals. Here’s how the interbank compares with the technicals at 8 AM GMT. Most of the technical indicators are pointing South in all three time ranges for the Euro/Dollar and interbank sentiment matches this outlook as it’s bearish at 30% short. Pound/Dollar’s technical models are mostly forecasting […]
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 […]
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 – GBPJPY close to a new 9-year high April 26, 2024 GBPJPY is […]
Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as […]
Technical outlook: Gold 4H chart has been presented here for a larger swing picture. After consolidating for past several weeks, the yellow metal finally peaked at $1,365.00 on April 11, 2018. Since then the story is of lower lows and lower highs and it is still expected to continue the same. Looking at the short […]
Burning Forecast 04/27/2018 EURUSD: The downward trend is not canceled. On Thursday, ECB head Draghi tried to support the euro. He even managed to do it slightly – the euro jumped back up to 1.2209 – on Draghi’s promises that in the next few quarters the economy of the Eurozone will show strong growth. However, […]
Technical Outlook: The GBP/USD 4H chart has been presented here for a larger swing picture. Immediate trading opportunities seem to be on the long side for now since the pair has broken its short-term trend line support and also price at 1.3950/70 levels earlier. Looking at the wave counts, GBPUSD looks to have completed 5th […]
Almost zero volatility accompanied the currency trading overnight. AUD, NZD, and CAD have shown a minimum weakness to the USD, while the EUR slightly better. The stock market in Asia mostly continues the green cycle behind Europe and Wall Street. A boring night in oil and gold. On Friday 27th of April, the event calendar […]
The Dollar index has almost reached our target of 91.70. Now trading around 91.62 I believe it is time for Dollar bulls to be cautious. Not only because the 91.70-92 area is strong technical resistance, but also because we observe price making unconfirmed by the RSI new highs. This bearish divergence must be cautiously monitored. […]
The Gold price continues lower towards our $1,310 target. The trend remains bearish. Price is forming a bullish wedge pattern. I believe it is now time to close short positions and look for a Gold trend reversal at least for the short-term. Once Gold price breaks out above the wedge pattern, we will have our […]
The government of the Philippines will allow 10 Blockchain companies and cryptocurrencies to operate in a special economic zone, the Cagayan Economic Zone. The companies will be the first Blockchain and cryptographic companies that will legally operate in the Philippines after the Cagayan Economic Zone Authority (CEZA) has created a fintech center, which aims to […]
Technical outlook: The US Dollar Index is also seen to be breaking out in an upswing since March 27, 2018, after having formed a higher low at 88.94 levels as seen here. Since then, the index has been forming higher highs and higher lows and is expected to continue the same until at least 95.00 […]
Technical Outlook: he EURUSD pair has been dropping since March 27, 2018, after having produced a lower top at 1.2476 levels discussed earlier. Those positional traders who went short on our earlier suggestion should prepare to take some profits off the table around 1.2050/90 levels. The pair is almost there and a potential counter-trend rally […]
When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash GDP q/q, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer Spending m/m, German Import Prices m/m, and French Flash GDP q/q. The US will release the Economic Data too, such as […]
Morning Report: 07.00 London This morning, euro remains under pressure following yesterday’s downbeat ECB meeting. Markets are re-assessing prospects for the euro after Mario Draghi pointed to the slowdown in Q1, questioning whether it was temporary or permanent. The EUR/USD is unchanged today after hefty selling yesterday, the EUR/JPY is following a similar track. The […]
USDCAD is ready to complete two consecutive positive weeks after the rebound on the 1.2530 support level. When looking at the bigger picture, the pair has been trading within a rising sloping channel since September 2017, failing several times to exit from this range. The technical indicators, though, continue to send bullish signals, suggesting that […]
In Asia, Japan will release the Housing Starts y/y, BOJ Outlook Report, Monetary Policy Statement, BOJ Policy Rate, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y data, and the US will release some Economic Data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Employment Cost Index q/q, […]
The ECB held rates steady yesterday and stayed tight-lipped on everything, forcing analysts to concentrate on the June meeting for policy change, in a quiet before the storm scenario. EURGBP fell to a low of 0.86805 for the day, as Euro bears took control. The BOJ also held rates unchanged but removed their time target […]
https://pepperstone.com/en/forex-news/market-review -FX markets quiet overnight. -Central bankers and GDP data on tap -BOJ sits pat on QE & rates but abandons its inflation time frame. -Chinas industry sees profits shrink again. -UK consumers remain downbeat says Gfk. -The USA, 2019’s biggest crude exporter? The overnight changes and price moves to be aware of by Pepperstone’s […]
EUR/USD is approaching its support area at 1.2086 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where we expect prices to bounce off and rise to its resistance at 1.2237 (38.2% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 1.2202 (61.8% Fibonacci extension, horizontal overlap resistance). […]
USD/JPY is testing its resistance at 109.27 (Long term 61.8% Fibonacci extension, 50% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance) where we expect to see a drop to its support at 107.94 (100% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement). We do have to be cautious of the intermediate support at 108.47 […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during the 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 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 breakout occurs in either directions. 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 price […]
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 27th 2018 Related Posts:Analysis for GBP/USD […]
The index is looking for fresh highs across the board following a breakout above the 90.63 level, which was a key resistance. The next target to the upside lies at 91.75, where the bears could gather momentum in order to push lower the US Dollar Index and if that happens, the 200 SMA at H1 […]
The pair has made a rebound from the support level of 1.3908 and gains are being capped by the resistance zone of 1.3991. A break above that area should expose the 200 SMA at H1 chart, which is a dynamic barrier that could help to block further advances in the Cable. However, if the aforementioned […]
