The US consumer inflation declined by 0.1% for the month of March. This is the first time that the data dropped since May 2017 against the backdrop of falling gasoline prices. At the same time, core inflation (Core CPI) increased by 0.2% with a year-on-year growth of 2.1%. The report as a whole should be […]
USD/CHF is currently quite bullish in nature having non-volatile trend in place which is expected to proceed much higher in the coming days. CHF has been struggling to sustain its momentum against USD despite USD having a tough time to build pressure in the market. Recently, CHF Unemployment Rate report was published with an unchanged […]
AUD/USD has been struggling below 0.7750 price area after an impulsive bearish pressure bouncing off the 0.81 area earlier. After the recent worse economic reports of USD got published, AUD gained good momentum which is turning quite unsustainable currently. Recently USD FOMC Meeting Minutes were held where the Budget Balance showed a certain decrease in […]
USD/CAD has been non-volatile with the bearish gains which lead the price to break below 1.26 which is expected to proceed lower in the coming days. Despite having worse economic reports this week, CAD was quite successful with the sustainability of the bearish pressure over USD. CAD Employment Change report published last week was a […]
The Dollar index has stopped its decline around the 61.8% Fibonacci retracement. The price is below the clouds and remains in a bearish trend. Bulls need to bounce strongly off this support area in order to hope for a trend change. On a weekly basis, the Dollar index remains above the tankan-sen. The last few […]
The Gold price broke to new highs yesterday and came very close to the January highs of $1,365. However, buying interest did not last long at those levels and a reversal with medium-term bearish implications followed. The inability for Gold to finally break above $1,365 and the pull back towards $1,350 is not a good […]
The main economic event today will be the publication of the ECB Monetary Policy Meeting Accounts, which will give an insight into the thinking of the ECB on economic conditions that influence their decisions. The reaction to the data events over the past couple of months will be of particular interest. Syria dominated headlines overnight, […]
USDJPY remains under strong pressure and is looking more neutral as prices failed several times to climb above the 107.50 resistance level. This week’s upside momentum appears to have run out of steam as prices are flattening near the 107.00 psychological level. Looking at the bigger picture, the US dollar has been developing within a […]
https://pepperstone.com/en/forex-news/market-review -FX markets quiet despite US stance on Syria. -FED minutes show hawkish tone among the FOMC. -Coeure, Carney.& Weidman set to speak. -Weak inflation keeps SK rates at 1.5%. -IMF warns on belt and road investment plans. -Mexico gets an upgraded outlook. -The EZ data disconnect. The overnight changes and price moves to be […]
EUR/NZD continues to follow the expected path. We are currently looking for a sideways consolidation as wave iv develops. As wave ii was a zig-zag correction, we should be looking for some kind of flat correction or a triangle correction in wave iv and the complexity will be much higher than that of wave ii, […]
EUR/JPY is now in the final stage for the B-wave correction. We still think a spike closer to 132.82 could be seen to complete wave B, but the opportunities now should be towards the downside and no longer the upside. To confirm that wave B has peaked, we need a break below minor support at […]
When the European market opens, some Economic Data will be released such as Industrial Production m/m and French Final CPI m/m. The US will release the Economic Data too, such as 30-y Bond Auction, Natural Gas Storage, Import Prices m/m, and Unemployment Claims, so, amid the reports, EUR/USD will move in a low to medium […]
In Asia, Japan will release the 30-y Bond Auction and M2 Money Stock y/y data, and the US will release some Economic Data such as 30-y Bond Auction, Natural Gas Storage, Import Prices m/m, and Unemployment Claims. So there is a probability the USD/JPY will move with a low to medium volatility during this day. […]
CAD/CHF is approaching its resistance at 0.7619 (horizontal overlap resistance) where we expect to see a reversal, causing the price to push down to its support at 0.7487 (38.2% Fibonacci retracement x2 swing low support). We do have to be cautious of the intermediate support at 0.7556 (50% Fibonacci retracement). Stochastic (55, 5, 3) is […]
USD/JPY tested its support and bounced off it at 106.64 (61.8% Fibonacci extension, 50% Fibonacci retracement, 60% Fibonacci retracement, horizontal overlap support) where we expect it to rise to its resistance at 107.50 (61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (21, 5, 3) made a corresponding bounce off its support where we expect to […]
When investors do not know what to do, they buy gold. Mutual threats of the US and China on the introduction of import duties caused only a temporary decline of stock indices on fears of a slowdown in the world economy due to the trade war. The US administration managed to calm investors, who can […]
The European Central Bank (ECB) will release the minutes from its March policy gathering on Thursday, at 1130 GMT. As always, investors will look for fresh clues regarding when policymakers plan to start winding down their asset purchase program, though the conversation regarding trade risks could also attract attention considering recent events. Even though the […]
AUDJPY hit a 4-week high yesterday, peaking at 83.36, but the upswing met resistance at the 50-day moving average. Prices have reversed sharply lower today but momentum indicators remain in bullish territory, suggesting fresh gains are still possible in the near term even though the immediate risk is to the downside. Th RSI has dipped […]
Hello, traders, let’s see what economic news events could move the FX markets on this Thursday. Bank of England will release their first quarter credit conditions survey at 9:30 in the morning. This quarterly survey of banks and building societies is aimed at improving our understanding of trends and developments in credit conditions. Euro Zone […]
A recent report by European Securities Markets Authority (ESMA) found that more than 90% of all people who start trading fail within a year. Most of them fail because of several reasons. For example, some fail because of their lack of understanding about how the financial industry works. Others fail when they rush to trade […]
EURTRY reached another all-time high of 5.1931 today, posting the ninth consecutive bullish day. Over the last couple of days, the pair is posting new highs with aggressive mode and is trading well above its moving averages. The bullish picture in the medium-term is further supported by the MACD, which is rising above its red […]
Our first target which we predicted in the previous analysis has been hit. USD/JPY is expected to trade with a bullish outlook. The pair is supported by a rising trend line since April 10, which confirmed a bullish outlook. The 50-period moving average is turning up and is acting as a support. The relative strength […]
It’s time for the midday snapshot, where we assess the performance of the traders until 12pm GMT this Wednesday. First up is the EUR/USD which has made a slight upward move and a rise of 36 pips leaves it point 10% in the green at midday. Sentiment is neutral at 7% short and trading has […]
The British Pound came down off the highs this morning after the latest economic data releases. UK’s Manufacturing Production contracted at a monthly 0.2% in February against an expectation of an expansion of 0.2%. Industrial Production expanded 0.1% versus an expectation of 0.4%. Additionally, the UK’s trade balance report was released, showing that the deficit […]
Here are the latest developments in global markets: FOREX: While trade concerns seemed to ease following an encouraging speech by the Chinese President yesterday, who promised to improve the business environment for foreign companies, a pledge later outlined in more detail by the People’s Bank of China Governor, geopolitical fears appeared in the horizon. Particularly investors […]
It is time to check the quality of your broker’s price feed with the dukascopy spike controller. We begin with Euro Dollar which has a daily average spread of point 33 pips the maximum spread of 2.5 pips. the high and low difference is half a percent of 70 pips. Your broker shouldn’t have charged […]
EURJPY reached a 7-week high of 132.60 during Tuesday’s trading session as the pair extended its bullish rally for the second day in a row. In the short-term, prices are capped by the 132.60 resistance level and the upper Bollinger Band. In addition, the 38.2% Fibonacci retracement level of 132.50 of the downleg from 137.50 to 129.00 acts […]
Overview: The NZD/USD pair continues to move upwards from the level of 0.7294. The level of 0.7294 represents the daily pivot point on the H4 chart. The pair rose from the level of 0.7294 to a top around 0.7366. Right now, the first resistance level is seen at 0.7375 followed by 0.7436, while daily support […]
However, stop loss is to be placed above the level of 0.9650. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 19-22, 2024:… April 19, 2024 The weekly chart shows that gold maintains bullish momentum and…USD/JPY: Simple Trading tips for novice traders on April… April 19, […]
GOLD PRICES rose in Asian and London trade Wednesday morning, rising above $1345 per ounce for the 6th time in 2018 so far amid worsening US-Russia tensions over Syria. Gaining 1.0% from the end of last week in US Dollar and Japanese Yen terms, the gold price rose less steeply for investors in other […]
