Lots of factors to consider, from technicals to supply and demand With crude oil prices at a 3-year high, ElliottWaveTV sat down with our Energy Pro Service editor, Steve Craig, to ask him if factors like the rising oil rig count or global oil inventories influence his perspective. Steve’s been bullish on oil — get […]
Overview The gold price traded upwards yesterday and has settled near 1,350.00 levels now, supported by the EMA 50. To see if the price keeps the bullish trend in the upcoming sessions, we are waiting for the test of the previously recorded top at 1,365.97 as the next station. We remind you that a breach […]
Overview The silver price rallied upwards strongly yesterday, breaching and settling above 16.80 levels. It ended the sideways trading that started in early February. The way towards positive targets that start at 17.43 is open now. Therefore, the bullish trend is expected in the upcoming sessions conditioned by the price stability above 16.80 and 16.56. […]
USDRUB recorded a stunning rally last week towards a 16-month high of 64.83, marking an overall gain of 6.4% during the period. This week, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI is currently losing strength and looks […]
The main focus today is on oil prices, which, since late 2014, have continued to rise to new heights. Saudi Arabia announced their desire to see the prices reach $80-100 per barrel on Wednesday, causing oil to jump $2 (3%) to $73.40. Saudi Arabia’s comments were seen as an intent to continue limiting oil production, […]
The Australian Dollar (AUD) is leading commodity currencies higher, after shrugging off soft employment data. The Australian jobs report saw a weak headline figure and a drop in full-time employment, with a downward revision of last month’s number. 4.9k jobs were added in March, well below expectations of 20.3k. The Aussie (AUDUSD) initially dropped on […]
Early on Friday, data out of Japan are expected to show that inflation in the world’s third-largest economy was unable to speed up in March as the winter season was coming to an end, adding more uncertainty as regards the timing the Bank of Japan (BoJ) will start normalizing policy. The figures could also signal that a stronger exchange rate continues to feed deflationary pressures at a time when […]
Global equity markets were mostly mixed on Thursday as easing geopolitical tensions supported risk sentiment. Sterling edged lower after UK retail sales slumped in March. Gold continues to search for a directional catalyst while Oil prices jumped. With the economic calendar fairly light today, currency markets could be driven by price action. • #GBPUSD has […]
As the potential for a trade war between the world’s two largest economies – China and the U.S. – have started to abate, a new conflict has started worrying markets. The West has been considering the potential of sanctioning Russian owned companies and assets as a reaction to both the Skripal poisoning and escalating tensions […]
Central banks are at the core of the financial world. Their decisions have helped save countries from financial disasters. At times, their actions have also caused financial challenges to countries. The history of central banks goes back to the 17th century when the first Central Bank was formed in Sweden. The Riksbank was formed in […]
SILVER PRICES extended their sharp rally in London trade Thursday, reaching new 11-week highs for US investors at $17.30 per ounce while gold edged back from an overnight rise. Tokyo and Shanghai’s stock markets closed the day higher, but other major equity markets held flat as base metals and crude oil pushed the CRB […]
General Electric stock price is trying to snap the 13 losing sessions in a row it recorded in the monthly chart, while the price is currently trading slightly to the upside. The aggressive bearish rally started after the pullback on the 30.50 resistance level, driving the price towards the 12.70 low in the previous month. Moreover, the price […]
Our first target which we predicted in the previous analysis has been hit. USD/JPY is expected to trade in higher range. The pair is posting a new upleg while striking against the upper Bollinger band. Strong upward momentum is evidenced by the relative strength index, which is well directed in the 60s. It is on […]
It’s time for the midday snapshot where we assess the performance of the traders until 12pm gmt on this Thursday. First up is the EUR/USD where a 45 pip drop leaves the pair trading point 02% in the green at midday. Sentiment is neutral at 4% short and trading has been active with 104% more […]
Economic Calendar is rather light on this week’s final trading day, so let’s take a look. Loonie Dollar could potentially be the top trade as a couple of high importance Canadian reports are scheduled at a half past noon GMT, including the retail sales figures for February. Retail sales increased by point 3% in January to […]
Here are the latest developments in global markets: FOREX: Sterling tumbled to a five-day low against the greenback (-0.06%) on Thursday during the early European afternoon as UK retail sales recorded their biggest fall in a year. This follows a strong sell-off on Wednesday when the UK CPI dropped surprisingly to one-year lows, raising doubts on whether the Bank of England […]
The Bank of Canada maintained in the statement that it intends to remain cautious with regard to future adjustments of monetary policy, taking into account the incoming data. This cautious approach is perceived as slightly dovish, as more satisfaction was expected from the weakening of risks around negotiations on the Nafta agreement, hence the USD/CAD […]
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 […]
Check your broker is not misleading you by watching the Dukascopy TV spike controller. We start off things with the Euro-US Dollar pair which has a daily average spread of point 32 pips and a maximum daily spread of point 8 pips. The high and low and difference is point 36 percent or 45 pips. […]
The commodities block has been rising, with oil and metals leading the way. Gold has tested its down trend line resistance again at 1354.00, with a close above this level targeting resistance around 1365.30. The creation of higher lows strongly reinforces this move but caution must be taken that the market doesn’t enter a sideways […]
The Bitcoin (BTC) has been trading sideways at the price of $8.118. Most US states have adopted some regulatory stance in regards to cryptocurrencies like bitcoin and the blockchain technologies behind them, according to a report by the Brookings Institution. The study classifies jurisdictions according to their attitude towards digital currencies and the levels of […]
Overview: The trend is still moving around the spot of 0.7294 which represents a major support today. The bias remains bullish in the nearest term testing 0.9736 or higher. The NZD/USD pair is still continuing to move upwards from the level of 0.7294 and 0.7436 in the long term. The level of 0.7294 represents the […]
Overview: The USD/CHF pair didn’t make significant movement yesterday. 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 0.9589 coincides with […]
Recently, Silver has been trading upwards. The price tested the level of $17.28. According to the Daily time – frame, I found a breakout of horizontal base (50 days), which is a sign that buyers are in control. I also found a strong Relative Strength reading, which is another sign of strength. My advice is […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4160. Anyway, according to the M15 time – frame, I found a fake breakout of yesterday’s low at the price of 1.4173 and a potential shakeout after the negative Retails sales, which is a sign that selling looks risky. I also […]
Good Morning it is Thursday and its time for the daily trading signals brought to you by the Dukascopy TV team. As always we begin with the Euro-Dollar pair which has 4 buy prompts in the short term 4 neutrals in the mid-range and the daily scale is split between buy and neutral indicators. the […]
NZDUSD has been consolidating since February and has been stuck in a channel tilted slightly to the downside. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel in the prior week. Resistance was met at around the 0.7400 psychological […]
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:What to expect for the dollar next week? April 7, 2024 The dollar missed plenty of […]
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 19th 2018 Related Posts:EUR/USD: trading plan […]
Here are the latest developments in global markets: FOREX: The US dollar index is higher today, but by less than 0.1%. Aussie/dollar is up by 0.2%, lifted by a notable rally across commodities. Meanwhile, the loonie steadied against the dollar, after it plunged yesterday on the back of cautious signals from the BoC. STOCKS: US […]
