The greenback rallied against all of the major currencies and experienced the strongest move versus sterling and the New Zealand dollar last week. The Japanese yen and euro were the most resilient but they did not escape the dollar’s gains. After weeks of losses and consolidation, the short dollar trade hit a brick wall as […]
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 financial news by- Binary.com-April 22th 2018 Related Posts:EUR/USD: trading plan […]
All our targets which we predicted in the previous analysis have been hit. USD/JPY is still trading higher and expected to continue moving higher. The pair keeps trading on the upside repeatedly striking the upper Bollinger band. Upward momentum is also evidenced by the relative strength index, which is well directed in the 60s. Meanwhile, […]
Victoria Scholar talks to Chris Watling, CEO and Chief Market Strategist at Longview Economics about his views on the trade war tensions, which could provide the US government special powers to clamp down on Chinese investments in certain industries. ► 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 Google […]
Since the end of last week, the whole market has been in the ‘green zone’. According to CoinMarketCap, Bitcoin has gained 3.5% in the last 24 hours and reached the $8,500 mark. Today, it easily surpassed $8,300, which had been considered an important level of resistance. Since the beginning of the week, the crypto market […]
It seems that the cryptocurrency saga isn’t done quite yet. Within 10 days the cryptocurrency that was touted to dethrone Bitcoin has seen a 78%* increase in its value . Within the day’s trading it has experienced a noteworthy 8.85%* increase. On April 10th Ripple high reached 0.4932, today it has reached an impressive 0.8786*. […]
Let’s take a look at the potential FX market movers scheduled for publication on this April Flash PMI Monday. French data opens the PMI run at 7 o’clock in the morning, followed by German figures a half an hour later and the whole bloc’s stats at 8 AM GMT. Euro Zone Services sector growth slowed […]
The Eurozone will see the release of its preliminary PMI prints for April on Monday, at 0800 GMT. Forecasts point to further cooling of economic activity, something likely to be discouraging news for ECB policymakers, who will announce their monetary policy decision on Thursday. In April, Eurozone’s Markit manufacturing PMI is forecast to decline to […]
Some pretty decent pack of macroeconomic data from the US was published recently. Weekly unemployment fell to 232k applications (versus estimated 230k), and Philly FED Manufacturing Index rose to 23.2 points in April instead of falling by 20.1 points from a high of 22.3 points last month. Index of leading indicators in the economy (US […]
Yesterday evening, the British pound marked a strong sell-off, as the market was scared of a cautious tone in an interview with the president of the Bank of England Mark Carney, which was perceived as a reduction in chances for interest rate hike at the May meeting. However, a detailed analysis of his interview suggests […]
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 […]
GOLD slipped Friday in London but silver prices spiked to 11-week highs as US President Donald Trump berated the Opec oil cartel for “artificially” pushing energy prices up to 4-year highs by discussing new output cuts. Asian stock markets fell but Europe held flat on the day, keeping the Stoxx Europe 600 Index unchanged […]
It’s time for the midday snapshot where we assess the performance of traders until 12pm GMT this Friday. First up is the EUR/USD where a drop of 60 pips leaves the pair point 31% in the red at midday. Sentiment is neutral, at a balance and trading has been active with 28% more than the […]
On Wednesday, the Bank of Canada (BOC) left its benchmark interest rate steady at 1.25%, adopting a wait and see policy. The BOC said it did not know when they would hike rates to counter inflation. Today, Canadian CPI and Retail Sales data are released and may prove significant in determining the direction for the […]
Politics and geopolitical issues continued to dominate the market. In Washington the turmoil in the Trump administration continued. A number of Republicans sent a letter to the FBI and Justice department asking for the memos written by James Comey. They threatened to impeach the new FBI director, Christopher Wray and the Deputy Attorney General, Rod […]
Attention will shift to monetary policy next week as the European Central Bank and the Bank of Japan hold scheduled policy meetings. GDP will come into focus too, with preliminary readings for the first three months of 2018 expected out of the United Kingdom, the United States and France. Also important will be the flash […]
Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength versus six major currencies, was up, standing at 90.14 (+0.22%). Dollar/yen managed to pick up speed, rising to 107.66 (+0.28%), boosted by the strong rally in US treasury yields. Pound/dollar was flirting with two-week lows, last seen at 1.4060 (-0.20%) […]
EURCHF reached a more than three-year high of 1.2004 during the end of today’s European session, after the recovery from the 0.9650 low hit in January 2015. The price posted an aggressive bearish run this January losing more than 24500 pips. Since then, the pair has been trading in an upward sloping channel and is completing the fourth consecutive […]
The recovery of the stock market and the overall demand for risk are having a bumpy ride. Yesterday, the stocks of U.S. companies were put under pressure by weak quarterly reports. The poor performance of tech stocks has dragged down the whole market, however, weak reports from traditional goods manufacturers, Procter & Gamble and Phillip […]
AUDJPY has retreated a bit after reaching a five-week high of 84.06 last week. Earlier on Friday, the pair hit an eight-day low of 82.71. The RSI has been largely moving sideways in recent days, pointing to the absence of short-term momentum in either the upside or the downside. The stochastics, however, are projecting a […]
It is the final day of the trading week and the last episode of the Dukascopy spike controller. We start off with the Euro-Dollar pair which has a daily average spread of point 32 pips and maximum daily spread of a single pip. The high and low difference is point 7 percent or 87 pips. […]
Bitcoin has been quite steady and slow with the bullish gains recently which is expected to push the price to breach above $8,500 in the coming days. The price is currently residing above $8,200 area from where it is expected to proceed higher with a target towards $10,000 price area. The slow and steady progress […]
AUD/JPY recently gained bearish momentum in the middle of the price range of 82.00 to 84.50 from where the price is currently expected to have bearish pressure in the nearest days. Recently, AUD Employment Change report was published with an increase to 4.9k from the previous negative figure of -6.3k but it failed to meet […]
USD/CHF has been quite non-volatile and impulsive with the bullish gains recently. As a result, the price is holding above 0.97 area that is expected to proceed much higher in the coming days. Though USD is struggling to sustain its gains against other major currencies in the market, it has been dominating CHF since the […]
The UK100 Index is surging higher, as a risk-on tone dominated markets earlier this week. The upward pressure has been maintained in this index due to weakness in the GBP, exasperated by BOE Governor Carney yesterday and sluggish economic data. The market has climbed above resistance at 7340.00, signalling a need to reach the 7390/7400 […]
It is the final trading day of the week and the last trading signals so don’t click away. Let’s get rolling with the Euro-Dollar pair. The short-term and mid-term charts are bearish with 6 sell signals each. The daily scale has 6 neutral indicators. The interbank Sentiment is neutral at close 2 percent long and […]
Earnings Season in full swing, GBP and Central bank focus make for an exciting week in 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 […]
Google stock price edged higher over yesterday’s session, jumping above the 40-day simple moving average (SMA). The price rebounded on the 980.00 support level, which overlaps with the long-term ascending trend line, which has been standing since June 2015.The short-term momentum indicators are confirming the recent bullish bias. In the daily timeframe, from the technical […]
Trading plan 04/20/2018 The overall picture: A turn toward the dollar. News on the US economy came out strong on Thursday: US unemployment claims came in at low levels, the labor market is strong; Philadelphia’s business activity index is higher than forecast. At the same time in Europe: new contradictions in the EU-Britain Brexit negotiations. […]
Burning forecast 04/20/2018 EURUSD: Trade at the breakout of the range. The overall picture of the market confused the pound. The euro seemed to be ready to finally come out of the range. And at this point the head of the Bank of England Mark Carney states that the interest rate will probably not be […]
