Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both […]
We would like to inform you that due to Labour Day, Constitution Memorial Day, May Bank Holiday, and Ascension Day, all of which take place in May, the trading hours of various instruments will be affected between 1 and 10 May 2018. The normal trading hours will be resumed from then on. Please review the […]
USDJPY extends its gains after the penetration of the 108.20 strong barrier during Monday’s session. Earlier today the price recorded a fresh more than two-month high of 109.46 and has added more than 250 pips over the last six trading days. From the technical point of view, in the daily timeframe, the price is developing well above the 50-day […]
The strength of USD remains the main trading theme of this week, even if overnight trading session brings modest rebound. EUR/USD remains well below 1.2180, USD/JPY stopped at 109.30. NZD continues to be the weakest, falling to 0.7060. Yields of 10-year US bonds this morning are at 3.0240 percent.In addition, the market participants still have […]
Markets were choppy yesterday as 10-year US notes went above 3%, but after creating new lows for the week, stock markets rallied with much of this move extending into the Asian session. The USD strengthened further, with USDJPY reaching the key 109.500 level and GBPUSD consolidated under 1.40000. The EUR settled into a tighter range […]
EUR/JPY This cross is now consolidating in the short-term, and in the context of an uptrend. Price is now above the demand zone at 133.00, going towards the supply zone at 133.50, which would be tested and get breached to the upside. This would be realized when momentum in the market rises, which is expected […]
USD/JPY This pair has gained about 180 pips this week, and the price is now close to the supply level at 109.50. The supply level would be breached to the upside as price targets other supply levels at 110.00 and 110.50. There could be bearish efforts along the way, but things would be overpowered by […]
USD/CHF This currency trading instrument remains a bull market, for bulls are still willing to push price upwards. The resistance level at 0.9800 is under siege (it has been tested a few times), and it would soon be breached to the upside as price goes further upwards towards the resistance levels at 0.9850 and 0.9900. […]
EUR/NZD has now entered the target-area between 1.7217 – 1.7264 and wave i could peak anytime now for a corrective decline in wave ii towards at least 1.7037. Short-term a break below minor support at 1.7181 will indicate that wave i has peaked and wave ii is developing, while a break below support at 1.7124 […]
Wave B likely peaked with the test of 133.49, but we need a break below minor support at 132.59 to confirm this is the case and that wave C below 128.97 is developing. That said, we need to allow for a final spike to just above 133.49 as long as support at 132.59 stays untouched. […]
GBP/JPY is approaching its resistance at 1525.67 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing the price to fall to its support at 150.58 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 151.68 (50% Fibonacci retracement, horizontal […]
CAD/CHF is approaching its resistance area where we look to sell below 0.7662 (100% Fibonacci extension, 100% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance). We expect the price to fall to its support at 0.7609 (61.8% Fibonacci extension, multiple swing low support). Stochastic (55, 5, 3) is approaching its resistance at […]
When the European market opens, some Economic Data will be released such as Minimum Bid Rate, Spanish Unemployment Rate, and German GfK Consumer Climate. The US will release the Economic Data too, such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders […]
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a probability the USD/JPY will move with a low to […]
https://pepperstone.com/en/forex-news/market-review -DXY trades above 91. -AUD, NZD & JPY find their feet ( for now?). -All eyes on the ECB today. -Korean GDP rebounds in Q1. -China looks at a cut in vehicle duties. -Dutch producers are feeling gloomy. -Market drivers & relationships are changing- take note. The overnight changes and price moves to be […]
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 26th 2018 Related Posts:Outlook for EUR/USD […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during 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 the 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 a breakout occurs in either direction. 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 […]
After the unsuccessful attempt to breakthrough the upper border of the medium-term trading range of $ 1300-1360 per ounce, the gold collapsed downwards on an unfavorable external background. The topic of the trade war in the context of rapid negotiations between Washington and Beijing no longer provides support for safe havens, while the shift in […]
Trading plan 04/25/2016 General picture: Markets are being rebuilt towards the dollar. Gradually formed a general movement in favor of the US dollar. The reasons: An increase in the rate of the Fed and the growth of yields on US securities causes the inflow of capital into the United States. The dollar is rising to […]
Burning forecast 04/25/2018 EURUSD: We are waiting for the continuation of the decline. On Tuesday, the euro organized a small correction and looks ready to continue the trend down. Perhaps Wednesday will be the “stand still” day – because the important news tomorrow is April 26 (ECB). Sell from 1.2260 or a breakthrough 1.2180 down. […]
USD/JPY is expected to trade with bullish outlook. The pair is rebounding from 108.50 (the low of April 24) and is challenging both 20-period and 50-period moving averages. The relative strength index broke above the neutrality level at 50, calling for continuation of the bounce. Hence, as long as 108.75 is not broken, look for […]
Social networking giant Facebook is scheduled to release its earnings report for the first quarter of the year after Wednesday’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. This is the first report by the firm after the Cambridge Analytica […]
The European Central Bank (ECB) will announce its policy decision on Thursday, at 1145 GMT. No change in either policy or guidance is expected, so price action in the euro will likely be dictated by the signals from President Draghi and other policymakers at the subsequent press conference, at 1230 GMT. Considering the softness in […]
Overview The GBP/JPY pair succeeded to achieve the initial positive target at 152.45 yesterday, confirming its affection by the main bullish bias domination. Stochastic rally above the 50 level opens the way towards gathering new positive momentum, to confirm the continuation of the positivity, to keep waiting for surpassing the 153.65 level and achieving the […]
Overview Gold price resumes its negative trading clearly in its way towards our main waited target at 1316.48, pointing that stochastic keeps providing negative signals that might motivate the price to break the mentioned level, then extend the bearish wave to reach 1301.20 as a next station. Therefore, we keep preferring the bearish trend for […]
Overview Silver price keeps its stability above the 16.56 level, noticing that stochastic gets rid of its negative momentum clearly to reach the oversold areas, which forms a positive factor that we are waiting to assist to push the price higher in the upcoming sessions, waiting to visit the 17.43 level. Therefore, we are waiting […]
Dukascopy TV Team is back with the Economic Calendar for this ECB Monetary Policy Thursday. German GfK Consumer Climate for May is out first at 6 AM. According to GFK, the consumer mood in Germany stabilized in March after the previous month’s minor setback. GfK forecasts an increase in consumer climate for April of point […]
US Crude supported by 67.53 level WTI Crude price action favoured Bears yesterday, after the release of weekly API numbers, which showed a build of nearly 1.1M barrels. Today, at 15.30 GMT, markets will react to the Weekly EIA Crude Oil change which is currently showing a forecast of -2,043M from a previous of -1.071M. […]
Time Warner has been consolidating since November 2017 and has been stuck in a channel tilted to the upside. The positive picture in the medium term is at risk of becoming neutral after prices failed to break the 97.50 resistance level several times in the past. In the daily timeframe, the RSI indicator is sloping […]
