Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,313.44 and reached both of our yesterday’s targets. According to the 30M time – frame, I found a bearish flag (pennant) pattern in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence on […]
Jerome Powell did not say anything during his inaugural speech before the Congress that would undermine the growing confidence among the global investors that his term would be marked by a more decisive normalization of monetary policy. The base scenario for the market is not the expectation of a maximum of three but a minimum […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2198. According to the 1H time – frame, I found a bearish breakout of 3-day balance in the background, which is a sign that sellers are in control. I also found that the pair is trading inside of the downward channel, […]
USD/JPY The pair is bearish in the long term, but neutral in the short term. There are demand levels at 106.50, 106.00 and 105.50, which would impede bearish movements and they would eventually help bring about a bullish reversal. The outlook on JPY pairs remains bullish for this week, and the USD/JPY pair is no […]
EUR/JPY On this cross pair, the southward journey has resumed (though the price did nothing significant at the beginning of the week), but the current Bearish Confirmation Pattern in the market has been upheld. The more price journeys southwards, the more the probability of a strong reversal in the market, which may overturn the current […]
USD/CHF has started moving upwards in a predictable manner, thus ending the short-term consolidation that was witnessed on Monday and Tuesday. The market is currently above the support level at 0.9400, going towards the resistance level at 0.9540, which would be breached to the upside, as another resistance level at 0.9500 is targeted. The EMA […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $10,353. In less than five hours, Zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive bitcoin private (BTCP) on a […]
Here are the latest developments in global markets: FOREX: The dollar index held onto gains during early European afternoon as investors’ optimism that the Fed would raise rates more than three times this year heightened further after Powell’s major testimony in front of the House Financial Committee yesterday. Jerome Powell, the new Fed boss, reiterated that […]
The quotations of gold futures fell to 2-week lows against the background of “hawkish” comments by Jerome Powell. Speaking before the Congress, the head of the Federal Reserve expressed confidence in the rapid achievement of inflation targeting, noted the strength of the world economy and a significant fiscal stimulus. In his view, the headwinds that […]
It’s noon GMT on this Wednesday and time for us to take a look at the performance of the market players. Euro/Dollar has traded in a limited range of only 42 pips, but trading has been typical in terms of volume. Sentiment of the traders is neutral, short positions are up by 6%. The narrow […]
Victoria Scholar is joined by Gildas Surry, portfolio manager at Axiom Alternative Investments, to discuss the outlook for European banks. ► Subscribe: https://www.youtube.com/IGIndexSpreadBetting ► Learn more about IG: https://www.ig.com 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, adventurous people to access opportunities in over 15,000 financial markets. With a strong […]
Wednesday morning saw stocks predominantly in the red, as Powell’s recent comments seem to have pushed the USD higher and led to a sell-off of risky assets. Yesterday, the Fed’s new chairman said that strong economic data is fuelling confidence in accelerating inflation, which could force the Central Bank to restrain the economy to prevent […]
In his first public appearance, the new Federal Reserve Chairman Jerome Powell, yesterday hinted that the Fed could raise interest rates more quickly this year, as the U.S. economy grows along with a pickup in inflation and wages. The U.S Dollar surged to the upside in reaction to these hawkish comments. The stronger U.S Dollar, […]
The US 30 index finished Tuesday’s trading 1.3% lower after previously reaching a near four-week high of 25,819,90. Despite yesterday’s notable decline, the Tenkan- and Kijun-sen lines remain positively aligned, continuing to project a bullish picture in the short-term. However, both have flatlined, this being a sign that positive momentum could be losing steam. Should […]
Consumer spending in the United States likely slowed at the start of 2018, data on Thursday is forecast to show, while the Federal Reserve’s preferred gauge of inflation is not expected to reveal an immediate risk of an uptick. The data on personal income and spending will be the first since the better-than-expected wage growth […]
It`s Wednesday and you`re watching the Dukascopy Spike Controller, where we`ll take a look at the benchmark interbank price stats for 3 non-cross majors. All three averages measure just slightly above the point 3 pip mark for the Euro/Dollar. Biggest separation has been 2.1 pips. Past 24 hours have been bearish for the Euro, the […]
EURJPY has been plunging since February 21 and recorded the fifth consecutive negative trading day on Wednesday. During today’s European session the pair created a new 5-month low of 130.73 and holds below the 131.15 key level, which was acting as a strong obstacle for the bulls. This penetration suggests an aggressive bearish roller coaster. […]
Overview: The USD/CHF pair continues to move upwards from the level of 0.9382. Today, the first support level is currently seen at 0.9382, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 0.9382. This support has been rejected three times confirming […]
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:Dollar spreads its wings April 10, 2024 The EUR/USD fell after the U.S. inflation report showed […]
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:Technical Analysis – Citigroup stock pulls back ahead of… April 10, 2024 Citigroup shares post 25-month high in 2024 […]
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-February 28th 2018 Related Posts:Financial future on […]
Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded almost unchanged on Wednesday, after posting significant gains earlier on Tuesday as the new Fed Chair Jerome Powell appeared quite optimistic on the US’ growth outlook in his testimony before Congress. […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.7336. Yesterday, the pair dropped from the level of 0.7336 to the bottom around 0.7230. Today, the first resistance level is seen at 0.7256 followed by 0.7336, while daily support 1 is found at 0.7200. Also, the level of 0.7200 represents a weekly […]
The European Commission hosted a conference entitled “Cryptocurrencies – Opportunities and Risks”, including the impact of cryptocurrencies on financial markets and problems arising in connection with Initial Coin Offers (ICO). The meeting was chaired by Valdis Dombrovskis, Vice-President of the Commission responsible for financial stability, financial services and the union of capital markets. The Commission’s […]
The Asian session does not bring a change in the market balance of power. EUR/USD is close to 1.22. GBP/USD is at 1.39. Volatility on the market is low.The US Dollar remains strong after yesterday’s Powell speech before the US Congress. Stock markets are reversing downwards: Wall Street is more than 1.0% down already, and […]
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 […]
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. […]
As we mentioned yesterday the Dollar bounced off the critical support area but price remains below the recent high at 90.60. Only a break above this level will confirm that a bigger bounce is in play for the Dollar index. The chances of this break out have increased dramatically. Red line – resistance trend line […]
Gold price broke below support yesterday after a wave of strength in the Dollar was the result of the new Fed chair’s testominy. Gold is making lower lows and lower highs. Price got rejected at the cloud resistance but is still holding above $1,310-07 support area. Gold price is trading below the cloud resistance in […]
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Dukascopy Daily Trading Signals. Euro/Dollar’s technical indicators are mostly pointing South in all three time scales, but the less than 9% long interbank sentiment is neutral. The Cable’s 1 and 4-hour charts both have 5 red prompts. There are […]
