Risk-off sentiment returned to the markets yesterday, as the White House’s announcement of tariffs on industrial metals sent US stocks falling, creating lower lows. The US 30 Index broke below the 24589.00 level, which was the low of the 22nd of February. However, the price is currently finding support at the Blue supporting trend line […]
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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 – USDCAD surges to new almost 5-month… April 11, 2024 USDCAD meets the upper […]
2018 is turning out to be an interesting year, and one that will be consequential for the financial markets. The year started with the unravelling of the cryptocurrencies market, with the main assets falling by more than 50%. Then, the global financial markets started to fall, proving that the markets could still fall. Then, United […]
Here are the latest developments in global markets: FOREX: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being […]
The Dollar index remains in a bullish trend as price remains above the 4-hour Kumo. Price is making higher highs and higher lows. Price reached the 38% Fibonacci retracement resistance and got rejected. Blue line – support Black line – resistance The Dollar index broke above the black resistance but also got rejected at the […]
J. P. Morgan Chase added the cryptocurrency segment to the “Risk Factors” section in its annual report to the US Securities and Exchange Commission (SEC), yesterday. The annual report mentions cryptocurrencies in the “Competition” section, describing how new competitors threatening the activities of J.P. Morgan: “Both financial institutions and their non-bank competitors face the risk […]
Gold price broke to new lows yesterday and reached $1,302. However price held above $1,300 where the lower cloud boundary in the daily chart was and price bounced as Dollar weakened. Gold price is still trading below the 4-hour Ichimoku cloud. Resistance is at $1,331. Support at yesterday’s lows. Price is making lower lows and […]
The beginning of the month is a continuation of sell-off on the stock exchanges. Their beneficiary, however, is not the US Dollar, but Japanese Yen. The reason is the yesterday’s appearance of Trump, in which he announced the introduction of high tariffs on aluminum and steel. Such postulates, of course, raise legitimate concerns about the […]
You’re watching the Dukascopy Daily Trading Signals for Friday. Here’s how the technical studies line up with the interbank stance at 8 AM GMT. Euro/Dollar has 5 neutrals in the hourly scale. Mid term studies are mostly bullish and daily scale shows bearish outlook. Neutral interbank sentiment is 13% long, matching the hourly indicators. There […]
USDCAD has advanced considerably to a more than a 2-month high of 1.2895 during Thursday’s session, however, it ended the day slightly above its opening level. The price posted the fourth straight bullish day and the aggressive positive rollercoaster started after the rebound on 1.2460 support level. The short-term momentum indicators seem to be in agreement […]
USD/CHF has been quite impulsive with the bearish moves after bullish rejection off the 0.9450 price area recently. Despite mixed economic reports, CHF gained momentum over USD ahead of the anticipating rate hike this month. Recently, Fed Chairman Powell made a testimony and presented his outlook on the current economic conditions and monetary policy. His […]
Morning Report: 07.00 London This morning, the US dollar is reversing lower following a negative reaction to Trump’s plan to impose a 25% tariff on steel imports. The dollar pairs are generally positive, but there are some exceptions as the EUR/USD trades lower and AUD/USD remains. The GBP/USD is on the rise after selling yesterday […]
Yesterday, the US announced Tariffs on Steel and Aluminium, which prompted an outcry from various global leaders and an acceleration in the risk-off bias affecting markets this week. The White House signalled a 25% tariff on Steel and a 10% tariff on Aluminium, starting next week. EU’s Junker said that he strongly regrets US restrictions […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -Donald Trumps gets tough on Steel imports. -US &Asian equities sell-off on trade war fears. -Politics is back in a big way in Europe this weekend. -Japans unemployment at multi-decade lows. -How can we determine the mood of the market? The overnight changes and price moves to be aware of by […]
Wave summary: There is not really anything new to say here. We continue to look for a continuation higher through the resistance at 1.6960 and 1.6999 for a continuation towards 1.7094 and 1.7470 as the next upside targets. Short-term support is seen at 1.6867 and again at 1.6809. R3: 1.7094 R2: 1.6999 R1: 1.6960 Pivot: […]
Wave summary: Today, we would like to present an alternative count that is moving up to be the preferred count. If this count is correct, then the wave A should be close to completion and the wave B should be ready to take over for a rally towards at least 132.90. Under this count, we […]
Price has dropped strongly from our selling area and reached our profit target perfectly. We are now seeing major support at 0.9408 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to push the price up to the 0.9486 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) […]
Price has made a pullback to our major resistance area at 0.7277 (Multiple Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push the price down to the 0.7187 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 95% where a corresponding reaction could […]
When the European market opens, some Economic Data will be released such as PPI m/m, Spanish Unemployment Change, German Import Prices m/m, and German Retail Sales m/m. The US will also release the Economic Data such as Revised UoM Inflation Expectations and Revised UoM Consumer Sentiment, so amid the reports, EUR/USD will move in a […]
In Asia, Japan will release the Monetary Base y/y, Unemployment Rate, Tokyo Core CPI y/y, Household Spending y/y and the US will release some Economic Data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment . So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S […]
USDX is sligthly bullish above the 200 SMA at H1 chart and the price action is favoring to the upside, as the index didn’t break below the February 28th lows. However, the psychological level of 91.00 has been proven to be a strong resistance which could help to cap further gains in the greenback. That’s […]
The pair is extending losses across the board and the price action is moving below the 200 SMA at H1 chart. Currently, GBP/USD is forming a lower low pattern that could allow another leg lower towards the support zone of 1.3608, once the 1.3753 level gives up to the bearish force. MACD indicator stays in […]
Bitcoin has been quite bullish today above the $10,000 price area after a lot of correction along the way. The price is expected to push higher towards $12,000 in the coming days if the price manages to hold above $10,000 in the coming days. The price has been quite corrective between the price areas of […]
USD/CAD has been impulsive and non-volatile with the bullish gains after breaking and retesting off the 1.2620 price area. Ahead of the possible US rate hike this month, the gains of USD has been quite impulsive which may lead to further bullish pressure in the pair. Today USD ISM Manufacturing PMI report was published with […]
AUD/USD has been quite impulsive with bearish gains that has lead the price to breach 0.7750. below USD has been the dominant currency in the pair whereas AUD has been struggling. AUD lost good amount of grounds today having weak economic reports. Today AUD Private Capital Expenditure report was published with the 0.2% decrease from […]
Italian elections and an important European Central Bank could create volatility for the euro, while Brexit talks are sure to impact sterling. 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 […]
GER30, the blue-chip German index, touched a one-year low of 11691.60 on February 6 and since then has been forming a floor around the 12000 key area. The market has fiercely broken below its lower and higher-timeframe moving average lines and the Ichimoku cloud, signaling that a downtrend is underway. In the short-term, negative momentum could […]
More than one-and-a-half-years have passed since Britain voted in favor of leaving the European Union and the situation is still unclear as regards the UK’s future relationship with the remainder of the EU bloc of nations. UK PM Theresa May will be delivering a speech on Friday that aims to clarify her government’s position on […]
