Forex News: 5/03/2018 – Euro slips on Italy elections; dollar mixed amid trade war fears

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:EUR/USD: trading plan for the US session on April 19th… April 19, 2024 In my morning […]

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Technical Analysis: 05/03/2018 – USDCAD returns to 1.29; bullish but overbought

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 – EURCHF ticks up after strong losses April 16, 2024 EURCHF remains beneath uptrend […]

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Trading plan for 05/03/2018

On Monday, 5th of March, the most important item on the event calendar will be ISM data release for the service sector in the USA, which will be the second tip by Friday’s data from the US labor market. Earlier, the PMI indexes for the service sector from France, Italy, Germany, the United Kingdom, the […]

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Technical analysis of GBP/USD for March 05, 2018

Overview: The GBP/USD pair opened below the daily pivot point (1.3813). It continued to move downwards from the level of 1.3813 to the bottom around 1.3765. Today, the first resistance level is seen at 1.3813 followed by 1.3876, while the daily support 1 is seen at 1.3711. Furthermore, the moving average (100) starts signaling a […]

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05.03.2018 – Trading Signals by Dukascopy

Good morning, traders, the Dukascopy TV team is here with Monday’s Daily Trading Signals. Euro/Dollar has 6 indicators pointing South in the hourly chart. Mid and long terms both have 6 neutrals, which are in line with the less than 14% long interbank sentiment. Short and long term models are mostly red for the Cable. […]

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PMI Data to Be Released Today as the Steel Tariff Fallout Continues

German Retail Sales (YoY) (Jan) was released coming in at 2.3% v an expected 3.3%, from -1.9% previously, which was revised to -0.2%. Retail Sales (MoM) (Jan) was -0.7% v an expected 0.8%, from -1.9% previously, which was revised to -1.1%. This data is usually volatile but on this occasion, it has surprised to the […]

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Technical Analysis – EURUSD fails to hold above 1.2300; weak movement is expected

EURUSD has completed two consecutive positive trading days following the rebound on the lower Bollinger band, which holds near the 1.2160 support level. However, currently, the pair is moving slightly lower below the 20 and 40 simple moving averages in the daily chart. Remaining in the short-term chart, technically, the momentum indicators are endorsing the recent downside […]

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Important Notice – Italian General Election

We would like to inform our clients that considering our recent notification regarding the Italian General Election, the margin requirements on all instruments have been automatically readjusted in accordance with the previous leverage settings of each of our client’s trading accounts on financial instruments as of today, Monday 5th March 2018. All temporary measures taken […]

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Fundamental Analysis of EUR/USD for March 5, 2018

EUR/USD has been quite bearish today after rejecting off the 1.2350 price area after the recent impulsive bullish pressure off the 1.2150 area. Ahead of the Rate Hike by the US Fed this month, EUR/USD has been quite indecisive whereas EUR is recognized to be the leading currency for the moment. Today, Spanish Services PMI […]

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Mar 5th, 2018: Euro Slips on Populist Party Surge

Morning Report: 07.00 London The euro is struggling this morning after Italian election results pointed to no overall majority, but with a clear swing away from mainstream parties. Most dollar pairs are lower this morning, but the EUR/USD is showing relative weakness. The EUR/GBP has reversed from the highs this morning as investors fret over […]

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Elliott wave analysis of EUR/NZD for March 5, 2018

Wave summary: We have finally seen the expected upside acceleration and EUR/NZD is currently testing resistance near 1.7102, This resistance might be able to cap the upside for a minor correction closer to 1.6965, but form there a new attempt is expected on the resistance at 1.7102, and this time it should prove successful for […]

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Elliott wave analysis of EUR/JPY for March 5, 2018

Wave summary: As expected, we saw a final spike lower to 129.63 (the low was seen at 129.53), this should have completed the wave A, and now we are looking for the wave B towards at least 1.3290. In the short term, a break above the minor resistance at 130.74 will confirm that the wave […]

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Daily analysis of EUR/JPY for March 5, 2018

EUR/JPY This cross pair is a weak market. It is interesting to see the market is engaged in a long, protracted bearish movement. Since the beginning of February, at least, 700 pups have been shed. In the past few weeks, short-term rallies have been invariably followed by further southwards movements. There is currently a Bearish […]

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Daily analysis of USD/JPY for March 5, 2018

USD/JPY The USD/JPY moved sideways from Monday to Thursday and then began to come downwards (to place more emphasis on the bearishness of the market). Price has gone below the supply levels at 106.50, and 106.00; and it may test the demand levels at 105.50, breaching it to the downside as another demand level at […]

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Daily analysis of USD/CHF for March 5, 2018

USD/CHF This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. The bearishness in the market has been in place since early November 2017; plus last week was rough. The price rose from the support level at 0.9350, went above the resistance level at […]

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Daily analysis of USDX for March 05, 2018

The index is off from February 28th highs and currently it’s trading below the 200 SMA, as the support zone of 89.36 could be challenged anytime soon. However, if USDX manages to break below that area, it’s expected to test the 87.88 level, which should strengthen the bearish bias for the short-term. MACD indicator remains […]

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Daily analysis of GBP/USD for March 05, 2018

GBP/USD is looking for clues that help to push it lower across the board. The 200 SMA continues to provide the path in the short term and it seems the support zone of 1.3753 could be challenged in the near-term. If that level gives up to the bears’ price action, the pair could travel towards […]

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Italian election polls suggest stalemate, China growing but slowing? US oil production in focus.

Forex Market Reviews: http://thefxlounge.com/#Market-Review -The Euro takes politics in its stride, the Yen stays firm. -Italian election exit polls suggest a hung parliament. -China PMI data & the authorities indicate slower 2018 growth. -Angela Merkel to serve another term as German Chancellor. -US oil production on a high as executives gather in Houston. The overnight […]

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Technical analysis of EUR/USD for March 05, 2018

When the European market opens, some Economic Data will be released such as Retail Sales m/m, Sentix Investor Confidence, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the Economic Data too, such as ISM Non-Manufacturing PMI and Final Services PMI, so, […]

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Technical analysis of USD/JPY for March 05, 2018

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as ISM Non-Manufacturing PMI and Final Services PMI. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 106.05. Resistance. 2: 105.85. Resistance. […]

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USD/CAD right at selling area, time to sell

The price is now testing major resistance at 1.2908 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push the price back down towards 1.2731 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Sell […]

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EUR/USD testing major resistance, time to start selling

The price is testing major resistance at 1.2355 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push the price down to 1.2166 resistance (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Sell below 1.2355. […]

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Currency wars are a new threat

The previous week ended with another wave of selling in stock markets, and although the collapse has not yet taken the form of a panic flight, all the prerequisites for that ensures that the new week will open “on a black Monday” than on February 5. A month ago, the market showed a very nervous […]

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Euro can resume growth

Eurozone The unemployment rate in the eurozone fell to a minimum for more than 9 years, resulting to 8.6%. Meanwhile, the December result was reduced from 8.7% to 8.6%, which indicates a steady growth in the economy. At the same time, the overall level remains quite high due to the strong segregation by countries. In […]

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Boris and Kathy Forex Weekly – 05-03-2018 – Commodity Dollars

Risk aversion returned to the FX market last week driving equities and currencies lower. At first it was Federal Reserve Chairman Jerome Powell’s hawkishness that sent stocks tumbling but the losses were exacerbated by President Trump’s steel and aluminum tariffs. In the past month, the U.S. dollar appreciated when stocks fell but this time, the […]

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Boris and Kathy Forex Weekly – 05-03-2018 – Majors

Risk aversion returned to the FX market last week driving equities and currencies lower. At first it was Federal Reserve Chairman Jerome Powell’s hawkishness that sent stocks tumbling but the losses were exacerbated by President Trump’s steel and aluminum tariffs. In the past month, the U.S. dollar appreciated when stocks fell but this time, the […]

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Boris and Kathy Forex Weekly – 05-03-2018 – Crosses

Risk aversion returned to the FX market last week driving equities and currencies lower. At first it was Federal Reserve Chairman Jerome Powell’s hawkishness that sent stocks tumbling but the losses were exacerbated by President Trump’s steel and aluminum tariffs. In the past month, the U.S. dollar appreciated when stocks fell but this time, the […]

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Weekly financial news by- Binary.com-March 4th 2018

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 Weekly financial news by- Binary.com-March 4th 2018 Related Posts:Weekly forecast based […]

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When One Pattern Ends, Another Begins

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The Elliott wave model employs strict rules and guidelines. And at this market juncture, the implications of what it’s revealing are huge. 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:BTC update for November 03, 2023 – Fake breakout of the… November 3, 2023 Technical analysis: BTC/USD has been trading downside […]

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