The US has agreed to drop its proposed Auto Content from NAFTA, opening the way for progress to be made on the trade agreement. USDCAD dropped on the news, breaking through trend line support down to 1.30097 but has moved back to the current levels around 1.30395. Resistance is found near the broken trend line […]
The Bank of England Interest Rate Decision was as expected and left rates unchanged at 0.5%. The BOE Minutes, BOE Quarterly Inflation Report and the Monetary Policy Statement were released at the same time. BOE Asset Purchase Facility was left unchanged, as expected, at £435B. While no change in rate was expected, the tone and […]
The Bank of England is expected to leave rates unchanged today at 0.5% but will potentially lay the groundwork for a hike of rates in May. Market analysts will look to the Monetary Policy Summary for guidance indicating any hawkish tone on the back of Brexit progress and a pickup in economic data this week. […]
Note: Wednesday is a Bank Holiday in Japan, banks will be closed, and there will be no trading activity due to the Vernal Equinox Day Bank Holiday. Progress has been made on NAFTA, as the US has backed down and dropped the demand that all vehicles made in Canada and Mexico that are sold into […]
Following on from the list of retaliatory trade tariffs drawn up by the EU over the weekend, the risk-off sentiment deepened in markets yesterday, with the US 500 index breaking down out of its triangle and the NASDAQ breaking lower to form a bearish island reversal pattern. On a quiet day for data releases, there […]
Over the weekend, the EU published a list of tariffs on US products in response to the US tariffs on Steel and Aluminium. The total value of EU tariffs is up to €6.4 billion and this list is for “stakeholder consultation” purposes only. The EU will make the decision on whether to impose the tariffs […]
GBPJPY has reversed back down again after finding resistance at the one-month high of 150.30 achieved this week. The price plunged below the 38.2% Fibonacci retracement level of the downleg from the February 2 high of 156.60 to the March 2 low of 145.00. Meanwhile, the price is re-challenging the 23.6% Fibonacci mark around 147.70, which holds near the short-term ascending trend line. […]
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:Bitcoin slips as markets pare back Fed rate cuts – Crypto… April 26, 2024 Halving proves […]
Here are the latest developments in global markets: FOREX: The yen was building on yesterday’s gains versus other major currencies on Friday, as rising fears of a global trade war acted as a catalyst for the currency to attract safe-haven flows. Versus the dollar, the Japanese currency recorded a 16-month high of 104.62. STOCKS: Equity […]
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:Analysis for GBP/USD on April 16th. The pound should not… April 16, 2024 The wave analysis […]
Good morning, traders, you’re watching the Dukascopy Daily Trading Signals for this week’s final trading day. Euro/Dollar has an equal number of 6 neutrals in all three time ranges, which are backed up by the only 3% long interbank sentiment. There are 4 sell signals in the hourly chart for the Cable. Mid term models […]
USDCAD plummeted aggressively on Wednesday after the pullback to the 61.8% Fibonacci retracement level near 1.3130 of the downleg from 1.3800 to 1.2060. The price came under heavy selling pressure after hitting a 9-month high. However, during yesterday’s trading session it pared some losses and posted a green day. Currently, the price is developing slightly below the 50.0% Fibonacci […]
Morning Report: 07.00 London This morning, global markets are on the back foot as money flows into safe havens. Asian markets have been spooked by Trump’s tariff plans amid further political uncertainty as Trump names the new National Security Advisor. The yen is in demand, with the USD/JPY hitting its lowest level since 2016. Away […]
:https://pepperstone.com/en/forex-news/market-review -Trump slaps China with fresh trade tariffs. -The Yen moves to multimonth highs, equities sell-off. -The Vix says Risk Off. -Central bank speakers and CAD CPI data on tap. -What a full-blown trade war would mean for sentiment. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. […]
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-March 23th 2018 Related Posts:Market Comment – […]
Inflation in Japan has still some way to run to reach the Bank of Japan’s price target and Friday’s consumer prices are likely to prove that once again. The core CPI, the BoJ’s preferred inflation measure, stood at 0.1% when the central bank decided to impose a negative-rate policy at the beginning of 2016 to incentivize banks and businesses […]
With the first anniversary of gold production at Kiziltepe, Ariana Resources has published a production upgrade which shows a ‘substantial rise’ in this year’s production targets. Talking to Jeremy Naylor, Managing Director Kerim Sener says, though, that Salinbas is the exciting prospect for the company. Sener says that there is the potential for more gold […]
GOLD PRICES rose against all major currencies bar the Japanese Yen on Thursday, gaining after the Federal Reserve raised its key Dollar interest rate as expected but world stock markets fell amid what analysts called anxiety over US President Trump’s anti-free trade policies. Dollar priced gold rose above $1330 per ounce and Euro gold […]
The #Dollar depreciated despite the Federal Reserve raising US interest rates for the sixth time since the financial crises. #Sterling tumbled after the Bank of England left UK interest rates unchanged in March at 0.5%. In the commodity arena, #Gold has benefited from a weaker Dollar and could receive further support from lingering trade war […]
Vanadium is just one part of a burgeoning sector, as investors and traders ride the wave of interest in battery metals. John Meyer, mining analyst at SP Angel, says the future looks good. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more about IG: https://www.ig.com?CHID=9&SM=YT 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 IG empowers informed, decisive, […]
Only North American publications on this week’s final Economic Calendar, so let’s take a look. It’s busy with high importance events at a half past noon GMT and Advance US Durable goods publication for February is one of them. Orders plummeted by 3.6% in January after gaining 2.8% in the final month of last year. […]
Sportswear giant Nike is scheduled to release its earnings report for the quarter ending February 2018 after Wall Street’s closing bell on Thursday. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Footwear, its peer group. Nike’s quarterly EPS are projected to stand at $0.53, with analysts’ average […]
EURTRY reached an all-time high near the 4.8700 handle on Tuesday as the price extended its bullish run after it jumped above the 4.7350 key level. The bullish picture in the medium-term has been holding since February 2017 and is further supported by the technical indicators. Short-term momentum indicators are also pointing to the bullish bias. The RSI indicator […]
After an impressive two-year rally, industrial metal prices have been having a stormier time in 2018, being first swept over by the market turbulence caused by the sell-off in global equities and bonds, then by the announcement by US President Donald Trump that he is imposing tariffs on US imports of steel and aluminium. Commodity-linked […]
Canada will see the release of its inflation and retail sales data on Friday at 1230 GMT, with forecasts pointing to an acceleration in price pressures and a sharp rebound in consumer spending. While such prints would be pleasant news for the Bank of Canada (BoC) and could benefit the loonie, the currency’s broader direction […]
Japanese Yen has seen some strength today, so let’s see if it’s in line with the anticipations of market players. Euro/Dollar hit the daily high of 1 2389 shortly before 8 o’clock and the pair since declined by 81 pips. Traded volume is average and sentiment of the traders is neutral, almost at an even […]
Here are the latest developments in global markets: FOREX: The US dollar index was falling by 0.03% against a basket of major currencies during early European afternoon and dollar/yen remained under pressure, losing 0.39%. The fall in the dollar came in after the Fed raised interest rates, as was widely anticipated, but stayed on course for three rate hikes this year, disappointing those […]
Offering free forex education for online investors in the MENA countries has been just as important for XM as serving them as individual clients on a daily basis. After a short break, this March we returned to Egypt once again, with a new seminar topic. The free seminar took place on the premises of Semiramis […]
Let’s assess the impact of the US FOMC monetary policy statement on the spread levels in this edition of the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 35 pips and maximum separation has been 3.2 pips. The pair has appreciated by more than 1% or 138 pips to hit the daily high at […]
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:Analysis of GBP/USD on April 26th. The pound trades on… April 26, 2024 The wave analysis […]
