As expected, the range for the federal funds rate was raised by 25 bp to 1.50-1.75%. In the statement, the Fed pointed out that the risks for the economy remain balanced. Importantly, the economic outlook has improved over the past months and inflation will continue to be monitored. Further gradual interest rate increases are expected. […]
Yesterday, Trump signed a memorandum imposing customs duty on imports of goods worth 50 billion USD from China, which the US suspects to have arisen from the theft of intellectual patents from the US. China did not remain indebted and announced the introduction of duties on imports of some US goods for around $ 3 […]
Recently, Gold has been trading upwards. The price tested the level of $1,346.97. According to the 30M time – frame, I found a breakout of yesterday’s high in the background, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of strength. […]
Bladetec, a British supplier of computer hardware, recently revealed plans to build a Bitcoin farm in the south-east of Great Britain. The project called “Third Bladetec Bitcoin Mining Company Ltd (TBBMC)” aims to raise 10 million pounds or about 13.9 million dollars from investors for building and running a farm in the next two to […]
Over the night the US Dollar was losing after the information was released that national security adviser McMaster was leaving the White House. In addition, China imposes tariffs on the US in retaliation for Trump’s decision yesterday. The customs war struck the sentiment on the stock market. Japanese Nikkei fell 4.51%, in China Shanghai Composite […]
Recently, the EUR/JPY has been trading upwards. The price tested the level of 129.80. According to the 30M time – frame, I found breakout of the trading range in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the RSI oscillator, which is another sign […]
The Japan 225 stock index had a rough ride in recent days, extending negative momentum towards a five-month low of 20,507 during today’s Asian session. While the index’s range-bound trading started in early February remains very much in place, technical indicators point to further downside movements in the short-term, but such moves may soon lose steam given that the […]
After a busy week filled with central bank activity and political developments, there should be some restoration of calm in financial markets over the coming week as trading activity wounds down ahead of the Western Easter celebrations. Data releases out of the United States look set to dominate the calendar, with the core PCE price […]
Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.268. During March 16th through till March 20th of this year, The Student Loan Report teamed with Pollfish conducted a survey of 1,000 current university students with related loan debt, asking one question: Have you ever used student loan money […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]
The Dollar index is trading below the 4-hour Kumo. Despite some strength signs by the Dollar index yesterday, price got rejected at the Ichimoku cloud and short- and medium-term trend remain bearish. Short-term resistance is at 89.90. Price reached the 4-hour Kumo (cloud) but got rejected. Price is expected to move lower. Support is at […]
Gold price is making new higher highs in the short-term but remains inside the long-term trading range of $1,350 – $1,300. Big resistance is just above us right now so bulls need to be careful. A rejection in the area of $1,340-50 could bring Gold price back towards $1,320-$1,300. Blue lines – trading range Short-term […]
Overview: As expected, the USD/CHF pair continues to move downwards from the level of 0.9496. The pair dropped from the level of 0.9496 to the bottom around 0.9459. But the pair couldn’t rebound from the bottom of 0.9459 this morning. Therefore, the first support level is seen at 0.9459, the price is moving in a […]
Overview: The NZD/USD pair has broken support at the level of 0.7253 which acts as a resistance. According to the previous events, the NZD/USD pair is still moving between the levels of 0.7253 and 0.7151. Therefore, we expect a range of 102 pips in the coming two days. The trend is still below the 100 […]
Bitcoin is currently residing below $8,500 price area, though a daily close was not observed yesterday. Some speculation is going on about the global trading war which is assumed to lead to certain bearish pressure in Bitcoin and other markets in the world. Bitcoin was expected to hold steadily above $8,500 price area but the […]
GBP/JPY has been quite impulsive amid the bearish pressure recently despite positive economic reports from the UK. Recently, the Bank of England published an official bank rate report with an unchanged value of 0.50% and Retail Sales report showed an increase to 0.8% from the previous value of -0.2% which was expected to be at […]
The past few weeks have seen very interesting developments in emerging markets (EM). Some EM currencies have plunged, as rising concerns over a tit-for-tat global trade war amplified the already-troubled outlook for those economies. Others, however, have managed to hold their own quite well so far, defying the conventional wisdom that EM economies are the […]
Google stock price has been edging lower over the last five days, with the biggest drop being in Thursday’s session. The price hit the 1045.60 support level taken from the low on March 2, while the selling interest started from the bounce off the 1177 resistance level. The short-term momentum indicators are confirming the recent bearish bias. In the […]
USDJPY has experienced considerable declines in recent days and in the bigger picture ever since reaching a four-month high of 113.74 on December 12; the pair has shed 7.6% since recording that peak. Earlier in Friday’s trading, USDJPY posted a 16-month low of 104.63. The Tenkan- and Kijun-sen lines are negatively aligned, projecting a bearish […]
GOLD PRICES rose sharply against all major currencies on Friday, recovering even last week’s 1.5% drop in Japanese Yen terms while stocks and shares fell worldwide as Beijing hit back at Washington with plans for new import tariff rates on US goods arriving in China. President Trump’s new $60 billion tariffs on a raft […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and… April 26, 2024 Fed meets on Wednesday […]
The PCE inflation reading is the main event in an otherwise fairly quiet week for financial markets. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a […]
We’re halfway through the last trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. There have been no significant shifts for the Euro/Dollar, but the pair sees an average amount of funds. Neutral sentiment of the traders is almost at an even balance, but […]
Here are the latest developments in global markets: FOREX: The Japanese yen was moving sideways near a 16-month low of 104.60 reached during the Asian session, last seen at 104.98 (-0.27%), as financial markets were rattled by worries over rising US-China trade tensions. Moreover, Turkey’s lira hit a record low of 4.03 to the dollar after the […]
The trading week may be coming to an end, but don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller. Point 34 pips is the long term average spread for the Euro/Dollar. Peak separation has been 1 pip. Daily high and low difference is 63 pips and it […]
The UK 100 index has fallen below its February low at 6916.3, painting a bearish picture for 2018. The level was lost in the US session yesterday, and the index reached a low of 6835.7 overnight. Attempts to recover this morning are stalling above 6900.0. The increase in international trade tension has led to a […]
Much of the focus on Wednesday was on the FOMC announcements, where the Fed raised their target interest rate by 0.25% but continued to see only two more rate hikes this year for a total of three. The announcement invoked a retracement in the U.S. Treasury bond yields, which benefits higher-yielding currencies such as the […]
After the FOMC yesterday, the US 30 index initially moved higher to test towards 25000.00 but failed, as it ran into the blue trend line resistance and faded down to a low of 24679.5, which has been taken out this morning. Today’s low is extending to 24522.2. This paints a bearish picture for the index, […]
FOMC Meeting Preview On Wednesday, the Federal Reserve will finish its first meeting of the Federal Open Market Committee (FOMC) since Chair Jerome Powell was confirmed as the central bank’s head. The Fed is expected to hike its target range for the Federal Funds rate by 0.25% to 1.75%. This would bring the effective Fed […]
