Breaking forecast 04/10/2018 EURUSD: Looking forward to continued growth. The main event of Tuesday was already held: the president of China, Xi Jinping delivered a keynote address at a large international forum in Boao. All the world’s businesses and investors were waiting for a response to U.S. President Donald Trump’s latest tough initiatives and statements […]
The Dollar index is challenging the 4-hour Kumo (cloud) support. So far it shows that it wants to respect support and bounce for another leg higher. A break below the Kumo will be very bearish for the medium-term trend. Blue lines – bearish channel Daily trend is bearish as price is now again below the […]
Gold is trading inside a short-term bullish channel but still below the 4-hour Kumo (cloud). Price is making higher highs and higher lows since the $1,319 low but I believe we should expect another leg down towards $1,300 as long as price remains below $1,355. Magenta line- long-term resistance Blue line -long-term support The last […]
Morning Report: 07.00 London This morning, the US dollar is unchanged after another weak session on Monday. This weakness came about in large part due to the uncertainty sparked by the FBIs raids on the office of Trump’s lawyer and confidant Michael Cohen. The AUD/USD and NZD/USD are higher again on hopes of a bullish […]
GBPUSD has been consolidating since January 12 with upper boundary the 1.4280 resistance level and lower boundary the 1.3710 support barrier. The neutral to bullish picture in the short-term looks to last a while longer as prices are still trading in the middle of the trading range. During a previous couple of sessions, the pair rebounded on […]
EUR/JPY is currently residing at the edge of 132.00 price area from where it is expected to proceed higher in the coming days. Ahead of the upcoming ECB events to be held this week, EUR is quite impulsive with its gains whereas certain struggles are still in the market. Today JPY Prelim Machine Tool Orders […]
The sentiment on the financial markets improves after comments from the US and China downplayed the risk of a trade war. Calming comments were perceived as supporting the risk appetite, which for the Asian session means a rally of currencies from the Antipodes at the yen’s depreciation. AUD / USD has been raised to 0.7730, […]
The cryptocurrency and blockchain organizations in Switzerland, Kazakhstan, and Armenia joined those from Russia, China and South Korea in filing a joint lawsuit against the main Internet companies for the prohibition of cryptographic advertising, according to the local Russian information service RNS. Plans to file a joint lawsuit against technological giants – Google, Twitter, and […]
GBP/USD has been quite impulsive with the bullish gains recently after having a false break below the 1.4050 area with a daily close. As of the recent worse economic reports of USD published on Friday, GBP has gained good momentum having better than expected economic report results which is expected to fuel the upcoming bullish […]
With US Producer Prices data on the way this afternoon, and predicted to be largely as expected, the morning session will be dominated by central bankers, as FOMC Member Kaplan and MPC Member Haldane are due to make separate speeches. The US/China Trade War has been dominating headlines, with Chinese President Xi speaking overnight and […]
It may seem strange to many that the threats of Donald Trump about import duties for China and Beijing’s readiness to respond with a tit for tat do not lead to the strengthening of safe havens. According to research by Oxford Economics, the trade war between the two superpowers will slow the economy of each […]
https://pepperstone.com/en/forex-news/market-review -AUD & NZD gain but Yen weakens vs USD. -DXY back below 90. -Xi speech eases trade tensions puts the ball in the US court. -The FBI raids Trump’s lawyer and takes documents away. -UK retail sales rebound, -Russian markets are hammered. -The cost of US tax cuts. The overnight changes and price moves […]
The index is under pressure and looks forward to consolidating the price action below the 200 SMA. Currently, we’re expecting a leg lower to reach the support zone of 89.36, where the bulls could appear on the scene in order to take it to re-test the resistance zone of 90.63. To the downside, if such […]
The pair is consolidating the price action above the 200 SMA at the H1 chart and it’s heading towards the resistance zone of 1.4166. If a breakout happens over there, then we might expect a bullish continuation to test the 1.4225 level, as the sellers could appear in order to make a corrective move. MACD […]
EUR/NZD continues to push lower towards our next downside target seen at 1.6720. After a minor consolidation, more downside pressure towards 1.6620 remains expected. This could complete the decline from 1.7162 and set the stage for a new impulsive rally. That said, we also need to consider the much more bearish alternate count, that calls […]
EUR/JPY continues to follow the expected path higher towards at least 132.12 and possibly even closer to 132.82 before peaking in wave B and setting the stage for the final decline in wave C of (E) towards the long-term target at 123.43. Short-term we will continue to look higher as long as minor support at […]
When the European market opens, some Economic Data will be released such as Italian Industrial Production m/m and French Industrial Production m/m. The US will release the Economic Data too such as Final Wholesale Inventories m/m, Core PPI m/m, PPI m/m, and NFIB Small Business Index, so, amid the reports, EUR/USD will move in a […]
In Asia, Japan will release the Prelim Machine Tool Orders y/y data, and the US will release some Economic Data such as Final Wholesale Inventories m/m, Core PPI m/m, PPI m/m, and NFIB Small Business Index. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S […]
Breaking forecast 04/09/2018 EURUSD: Trade for the breakthrough of the range boundaries. Last week, a lot of important news came out: U.S. President Donald Trump has put forward tough new requirements for China on new duties on Chinese goods. Meanwhile, China said it will fight for an equal US response “to the end and at […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Housing prices staged a significant rebound since the depths of the subprime mortgage “meltdown.” Want to know when even luxury housing will become a “bargain”? Keep an eye on this financial market. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks climb after sizzling US jobs report April […]
USD/JPY is expected to trade with a bearish outlook. The pair is under pressure below the key resistance at 107.25, which should limit the upside potential. Both declining 20-period and 50-period moving averages play resistance roles. The relative strength index is mixed with a bearish bias. Hence, below 107.25, look for a return with targets […]
USD/CHF is expected to trade with a bearish outlook. The pair recently broke below its intraday rising trend line, which should confirm a bearish reversal. The 20-period moving average has reversed down, and also has crossed below the 50-period one (a negative signal). In addition, the relative strength index lacks upward momentum. Hence, as long […]
GBP/JPY is expected to trade with a bullish outlook. The pair stands firmly above its horizontal support at 150.60, and is expected to post a new rebound. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited before a further advance to 151.60 and then to 152.00. Last […]
NZD/USD is expected to trade with a bullish outlook and continue its rebound. The pair has reversed up, and is expected to post a new rebound. A bullish cross has been identified between the 20-period and 50-period moving averages. Besides, the relative strength index is also positive above its neutrality area at 50. To conclude, […]
GOLD AND SILVER PRICES slipped on Monday morning in London amid the ongoing uncertainty over the US/Chinese trade war and the air strikes in Syria, writes Steffen Grosshauser at BullionVault. Gold fell $6 from Friday’s close at $1333 per ounce after a volatile week while markets were waiting for the next move in the trade […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The Fibonacci sequence provides the mathematical basis of the Elliott Wave Principle. The stock market’s price pattern builds fractally into similar patterns of increasing size. Familiarity with these patterns can prove highly useful to investors. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Stocks climb after sizzling US […]
The ruble has lost 3.8% in one day against the euro and the dollar. The dollar has already exceeded 60 (+1.83p) rubles while the euro has risen to 73.70 (+2.32p). In total, the ruble has lost 5.4% since the announcement of sanctions on Friday. Despite the shocking growth rates today, the major short-term mark of […]
GBPJPY is looking more bullish in the short to medium term as it extends its gains from March’s 5-month low of 144.98 to above the 151 handle. The pair has been trying to break above the Ichimoku cloud during the past two sessions but failed on Friday to close above it. Prices are back above […]
Dukascopy Forex TV Teams is back with an overview of the potential market movers for Tuesday. A couple of North American reports open this calendar at a half past noon GMT and US Producer Price Index for March is one of them. Both overall and core readings increased in February and these were second monthly […]
Bitcoin has continued its bearish pressure below $7,000 which is expected to proceed much lower towards $5,000-5,500 area in the coming days. The bearish pressure is still not that impulsive as expected which does indicate the weakening of bears along the process. There have been certain statements about Bitcoin where it is expected to stay […]
