Morning Report: 07.00 London This morning, the British pound is falling further following yesterday’s comments from BOE chairman Mark Carney. A May rate hike now seems increasingly unlikely and the GBP/USD has rapidly erased seven days worth of gains in just three days. In addition, the ‘beast from the East’ storm appears to have had […]
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:Analysis of GBP/USD on April 26th. The pound trades on… April 26, 2024 The wave analysis […]
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In the past month, the EUR/GBP pair fell from 0.8797 to a low of 0.8619. The pair’s fall was attributed to the expectations that the UK inflation would force the BOE to start an accelerated tightening process. However, on Wednesday, things changed after the Office of National Statistics released the CPI numbers. The numbers missed […]
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 […]
GBPJPY is posting an aggressive bearish session over the last few hours after two bullish candles in a row, in the 4-hour chart. In a longer-timeframe, the price edged sharply lower following the pullback on the 153.80 resistance level. The short-term technical indicators are bearish and point to more weakness in the market. Looking at the […]
Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after BoE Governor Mark Carney hinted that a rate hike […]
Overview Gold price is showing a calm decline to test the key support of 1,335.40, accompanied by stochastic reach of the oversold areas. This provides positive impetus that is expected to push the price to rise again and resume the main bullish trend. Therefore, the bullish trend will remain valid for the nearest sessions, conditioned […]
Overview Silver price apoprached our first upward target at 17.43, showing sideways trading now that is affected by stochastic weaker momentum. However, the EMA50 is still supporting the price from below, which keeps the chances valid to continue the rise in the short term. Therefore, we still suggest the bullish trend unless breaking 16.56 level […]
Amazon Technologies, Inc. – a subsidiary of the American giant of e-commerce and cloud computing Amazon.com, has obtained a patent for the market offering data channels. More importantly, the patented market includes Bitcoin transactions. The U.S. Patent and Trademark Office approved the Amazon Technologies application for a patent on the streaming data market. This patent […]
The currency market in Asia produced a rather calm session. USD/JPY is trying to come out of consolidation, the pressure is affecting currency from Antipodes. The pound can not rise after the blow from the president of BoE Carney. The stock market is in a correction following Wall Street. China’s indexes are adjusting their latest […]
The Dollar index is challenging the important short-term cloud resistance and upper cloud boundary at 90. If bulls manage to break above the cloud and stay above it, they will have made a first step towards trend reversal. Bears continue to remain under control of the trend but they will need to defend short-term resistance […]
Gold price is testing short-term support at $1,338-40 area. Price remains inside the multi week trading range of $1,300-$1,365. Gold made a double top at $1,355 and reversed back down canceling the breakout above $1,351 earlier this week. Red lines – trading range Black line – short-term support Gold price is trading around the 4hour […]
USDCAD completed two consecutive bullish days this week and drove the price towards a new six-day high near the 1.2675 price 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 […]
Bank of England Governor, Mark Carney, was interviewed by the BBC yesterday, where he made the comment that he didn’t want to get too focused on the precise timing of the next hike and that it’s more about the general path. He went on to say that the market should prepare for a few interest […]
EUR/JPY Much has not changed on this cross, as it is still consolidating in the context of an uptrend. The supply zone at 133.00 has been tested and it would be tested again. The targets at the supply zones at 133.0, 133.50, and 134.00 remain valid, and they may be breached, once volatility arises in […]
USD/JPY This currency trading instrument is now trying to end the recent consolidation on it. Price has already moved above the demand level at 107.50, and it may go towards the additional supply levels at 108.00 and 108.50. The demand levels at 106.50 and 106.00 would do a good job to check possible bearish pullbacks […]
USD/CHF The resistance level at 0.9700 has finally broken the upside. The next targets would be the resistance levels at 0.9750 and 0.9800 (which would require a strong buying pressure to continue). There may be some pullbacks along the way, but bulls would be able to remain victorious. The situation in the market remains upbeat. […]
https://pepperstone.com/en/forex-news/market-review -GBP and the Kiwi slip vs USD as rate rise hopes deflate. -DXY testing back towards 90.00. -Japanese inflation turns lower a year after deflation exit. -It’s springtime for OPEC. -Asian indices are lead lower by talk of weak smartphone demand. -Excess supplies of Oil are falling but what about demand ahead? The overnight […]
The rally from 1.6671 has been much stronger than expected. The break above short-term important resistance at 1.6981 has invalidated the possibility for another stab to the downside to a new low below the 1.6671 low. This means wave C of ii now is complete and wave iii higher is developing. Short-term, we should see […]
When the European market opens, some Economic Data will be released, such as Consumer Confidence and German PPI m/m. The US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2402. Strong Resistance:1.2395. Original Resistance: […]
In Asia, Japan will release the Tertiary Industry Activity m/m and National Core CPI y/y data, and the US today will not release any Economic Data. So, there is a probability the USD/JPY will move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 108.13. Resistance. 2: 107.92. Resistance. 1: 107.71. Support. […]
Wave B is topping, but still has the potential to reach the 133.55 – 133.68 area before caving in and start moving lower in wave C. To confirm wave B has completed and wave C is taking over a break below support at 132.08 is needed. A break below 132.08 will call for a decline […]
Overview: Pivot: 0.9589. The USD/CHF pair didn’t make significant movement this week. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.9809 or higher. The USD/CHF pair continues to move upwards from the level of 0.9589. Yesterday, the pair rose from the level of 0.9589 (the level of […]
EUR/AUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where we expect to see a reversal, causing the price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 95% where we expect to see […]
Overview: The NZD/USD pair opened below the daily pivot point (0.7260). It continued to move downwards from the level of 0.7260 to the bottom around 0.7242. Today, the first resistance level is seen at 0.7278 followed by 0.7300, while daily support 1 is seen at 0.7219. Furthermore, the moving average (100) starts signaling a downward […]
GBPUSD is approaching testing its support area at 1.4060 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support, ascending support line) where we expect to see a bounce, pushing the price up all the way to its resistance at 1.4233 (50% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate […]
The US dollar still looks rather weak against the major G7 currencies even against the backdrop of good macroeconomic indicators. The report on retail sales for March came in line with expectations, a small increase indicates a stable level of consumer demand. The dynamics of the construction sector is also positive, industrial production growth was […]
Burning forecast 04/19/2018 The EURUSD is preparing a breakout range. The main event of the last day (Wednesday) is the report of the Fed Beige Book. As usual, 14 days before the Fed meeting, a report on the state of the economy is published based on the collection of reports from 13 regional banks of […]
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