EUR/CAD has moved quite impulsively with the bullish gains today. The pair is expected to push higher with the bullish momentum for a while before proceeding lower in the short term. Today, after BOC Overnight Rate was declared unchanged as expected at 1.25%, BOC Monetary Policy was quite dovish with statements like considerable risk from […]
USD/JPY is expected to trade with a bullish outlook. the pair continues a rebound initiated at a low of 106.87 seen overnight (April 17). Currently, it has returned to levels above both the 20-period and 50-period moving averages. At the same time, the relative strength index has jumped into the 60s, indicating that upward momentum […]
It’s time for the midday snapshot where we assess the performance of traders until 12pm gmt on this Tuesday. First up is the EUR/USD which has posted a drop of 52 pips to sit point 13% in the red at midday. Sentiment is neutral at 3% long and trading has been active, with 99% more […]
Jeremy Naylor is joined by John Meyer, SP Angel, to discuss the potential impact of US trade sanctions, and subsequent retaliation, on the commodity markets. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more: https://www.ig.com/uk/commodities Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB We provide fast and flexible access to over 10,000 financial markets – including indices, […]
EUR/JPY Like its USD/JPY counterpart, there is yet to be a significant movement in this cross. The targets at the supply zones at 133.00 and 133.50, and 134.00, remain valid. They may even be exceeded as price journeys further upwards this week. There is a Bullish Confirmation Pattern in the market, which would become more […]
The office of National Statistics released the CPI data for the month of March, which missed analysts’ forecasts. The data showed that the consumer prices increased by 0.1% during the month. Analysts were expecting the data to show an inflation of 0.3%, a point lower than February’s growth of 0.4%. On an annualized basis, the […]
EURJPY has come under renewed buying interest after the rebound on the 132.10 support, which overlaps with the short-term ascending trend line in place since the end of March. In the 4-hour chart, prices are moving above the 20- and 40- simple moving averages (SMAs), signaling further gains. From the technical point of view, the MACD oscillator […]
It’s time for the midday snapshot where we assess the performance of traders until 12 pm gmt this Wednesday. First up is the EUR/USD which has been fairly volatile, the biggest move was an upward jump of 51 pips to leave the pair trading point 08% in the green at midday. Sentiment is neutral at […]
U.S. West Texas Intermediate (WTI) crude oil rose to trade over $67 after the weekly report by the American Petroleum Institute (API) on Tuesday showed that inventories fell by 1 million barrels. Crude oil prices have been boosted recently due to the high risk of potential supply disruptions resulting from the conflict in the Middle […]
GOLD rose in London trade on Wednesday, recovering an overnight dip to reach $1352 per ounce for US investors and rising fastest against the ‘safe haven’ Swiss Franc and Japanese Yen currencies but outpaced by a sharp jump in the price of silver. Rising almost 2% in London trade, silver prices touched 11-week highs […]
A Swiss franc has made a pretty huge impression on global investors recently. Over the last day, EUR/CHF caught by 1.1970, which is very close to the level of 1.20, when the SNB stopped defending the franc and provided one of the largest breakdowns.Weakness, however, has a rather strange basis. First of all, the last […]
Bitcoin (BTC) has been trading sideways at the price of $8.875. On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities. […]
Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.28% during the early European afternoon as risk-off sentiment continued to ease while encouraging data out of the US on Tuesday increased confidence on the US economy even further. Sterling plummeted near to a one-week trough of […]
Recently, Gold has been trading sideways at the price of $1,345.25. According to the M30 time – frame, I found that price is respecting supply trendline, which is a sign that sellers are active. I also found a rounding top pattern, which is another sign of weakness. My advice is to watch for potential selling […]
Recently, the GBP/USD pair has been trading downward. After downbeat CPI y/y, price dropped and tested the level of 1.4173. Anyway, according to the H4 time – frame, I found very strong support at the price of 1.4175. I found a Fibonacci retracement 50% and Fibonacci expansion 161.8% at the similar level, which is a […]
we are halfway through the trading week and its time for the spike controller a place where you can compare your broker price feed. First things first we have the Euro-US Dollar pair which has a daily average of point 33 pips and a daily maximum spread of 1.1 pips. The high and low difference […]
The GBPCAD pair is holding just under 1.80000 after testing the level yesterday. The high at 1.80922 from the 9th of April takes on an important significance, as a move above this level would create a higher high and confirm a resumption of the move higher. The current retracement reached a low of 1.78080 last […]
On 13-14 April, XM attended one of the most significant financial exhibitions in Germany: Invest Trade Fair and Congress for Finance and Investment, which took place on the premises of Messe Stuttgart. This year’s Invest was organized again with the aim to provide a common ground for many of the largest banking and financial institutions, […]
Overview: The pivot point is seen at the point of 0.7294. 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 daily pivot point in the H4 time frame. The pair rose from the level of 0.7294 to a […]
Overview: 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 a ratio of 78.6% Fibonacci retracement) to a top around 0.9698. Today, the first support level is seen at 0.9589 followed by 0.9503, while daily resistance 1 […]
In recent days, the cable has been one of the best performing currency pairs. It has risen from a low of 1.3700 in early March to a high of 1.4400 yesterday. The surge the pair has experienced can be attributed to several factors. First, there seems to be progress in the Brexit negotiations, inflation, the […]
Australia’s employment report for March is likely to attract attention and is scheduled for release on Thursday at 0130 GMT. The unemployment rate is forecasted to tick lower to 5.5% for the month of March versus 5.6% the preceding month, while the employment change is expected to show that the economy added 3,500 jobs, much more from the previous month. […]
The rating giant, Moody’s Investor Service, said in a recent report that Blockchain technology for cross-border transactions could potentially harm banks in Switzerland more than in any other country. Because half of the Swiss banking sector’s revenues come from fees and commissions, Switzerland is more at risk of losing money because Blockchain technology makes cross-border […]
Except for some volatility on the USD/JPY pair, the rest of the currency market passed a calm night. EUR / USD stuck at 1.2370, GBP / USD fluctuates at 1.43. You can not see emotions on AUD and CAD. The index rally in Europe and Wall Street encouraged Asian indices to increase. Japanese Nikkei225 grows […]
Good morning traders we are halfway through the week and its time for the Dukascopy Trading Signals. We get the ball rolling with the Euro-Dollar pair. We see 4 neutrals in the short term 6 in the mid-term but the daily scale has 4 buy indicators. The interbank sentiment is only 6.2 percent long and […]
Morning Report: 07.00 London This morning, the US dollar has continued to recover, adding to yesterday’s gains. The gains come following strong US data yesterday, with manufacturing sales, housing starts and industrial production coming in above expectations. The dollar pairs have been on the back foot, though are making small gains this morning. The pound […]
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:Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond… April 19, 2024 Eurozone appears […]
Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared […]
Burning forecast 04/18/2018 EURUSD: Waiting for the beginning of the trend. There is a lull in the markets. The news on the German economy gives hints of a possible slowdown in growth – however, these arguments are based on a sharp drop in investors’ optimism – but it should be noted that the surveys were […]
Although the Dollar index started weak yesterday, price held the important short-term upward sloping trend line support and made a strong bounce. Trend remains bearish as price remains below the 4-hour Ichimoku cloud. There is no indication by the price action that a bigger reversal has started. Black line – short-term trend line support Price […]
