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 […]
The latest data from the U.S. regarding jobs and income exceeded expectations, boosting the markets after a weak start this week. Following the release, the S&P500 index went up, while the USD reversed downwards. Weekly Initial Unemployment Claims in the U.S. fell to 210K, renewing 40+ year lows once more. Continued Claims is also at […]
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 member of the London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]
Sterling stumbled into March on a shaky footing thanks to renewed Brexit jitters. The Dollar extended gains against a basket of currencies amid heightened US rate hike expectations. In the commodities arena, Gold depreciated while Oil slipped lower. With Dollar bulls back in town, the #EURUSD, #GBPUSD and #Gold could be exposed to further losses […]
Jeremy Naylor is joined by John Meyer, SP Angel’s mining analyst, to discuss the potential of Lithium, why demand is still outstripping supply, and how its use in batteries will grow thanks to electric vehicles on the road and even in the air. ► Subscribe: https://www.youtube.com/IGIndexSpreadBetting?sub_confirmation=1 ► Learn more about IG: https://www.ig.com Twitter: https://twitter.com/IGcom Facebook: […]
Global stock indices ended February lower, as concerns regarding rising inflation and interest rates took a hold of markets, helping to bring “overvalued” equities back to more reasonable levels. While the outlook for stocks has remained uncertain and price action has become increasingly more choppy, this may well change over the next few weeks as […]
The US dollar index created a double bottom on February 16 near 88.20, posting a new more than 3-year low. The double bottom reversal is a bullish pattern indicating further gains on the price action as the index jumped above the significant area of 90.45. Currently, the price is recording a 7-week high near 90.75. In the daily […]
The events of the last weeks confirm the Fed’s president Jerome Powell in the belief that the US economy will deliver a high level of performance. During the speech in front of Financial Services Committee of the House of Representatives, the chairman of the US Federal Reserve presented an optimistic vision of the current and […]
The British Pound might get into the more bearish pressure that can clearly evolve in the coming weeks. At the beginning of the year, the markets were more optimistic about the prospects for the next phase of Brexit negotiations, which will officially take place in March 2019. Better macro data allowed to shift attention towards […]
BUY GOLD prices in London’s wholesale market erased the last of 2018’s previous 4.9% gain on Thursday, falling back near $1300 per ounce after new US inflation data came in stronger than analysts forecast. The PCE measure of US consumer costs rose 1.7% in January from the same month last year, the Bureau of […]
The new Federal Reserve Chairman, Jerome Powell, has recently hinted that the Fed could raise interest rates more quickly this year, causing the U.S. Dollar to surge. The Fed is now projected to overtake the Reserve Bank of New Zealand (RBNZ), which currently has one of the highest interest rates at 1.5%, by year-end. Furthermore, […]
Here are the latest developments in global markets: FOREX: Investors were in a sell mode against the pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 […]
It`s time for the Dukascopy Midday Snapshot, where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar has had a slow day – rate has walked in a total range of just 33 pips and traded volume is low. Most of the funds have […]
Let’s take a look at the potential market movers for this week’s final trading day, which is the 2nd of March. German retail sales report for January opens this agenda at 7 o’clock in the morning. The final month of last year brought a disappointing drop of 1.9%, which wiped out November’s downwardly revised increase. […]
Overview: Pivot point: 0.7231. The NZD/USD pair continues to move downwards from the level of 0.7336. This week, the pair fell 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 […]
Overview: The USD/CHF pair will continue rising from the level of 0.9342 in the long term. It should be noted that the support is established at the level of 0.9438 which represents the daily pivot point on the H4 chart. Accordingly, the USD/CHF pair is showing signs of strength following a breakout of the highest […]
Bitcoin (BTC) has been trading sideways around the price of $10.656. While private businesses all over the world struggle with employees so much as possessing cryptocurrency, the US Commodity Futures Trading Commission (CFTC) has reportedly given the full go-ahead to its employees trading crypto. The technical picture looks neutral to bullish. Trading recommendations: According to […]
The EURGBP pair has recovered somewhat from its most recent drop lower and found support at 0.87714. It has formed a red supportive trend line with three touches and rallied back into the top half of the range. Support closer to the current price level is found at 0.88477 and the 100 DMA. The 50 […]
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. […]
EUR/JPY Price has shed over 130 pips this week, after reaching an initial weekly high of 132.15, thus upholding the current Bearish Confirmation Pattern in the 4-hour chart. The demand zones at 130.00 and 129.50 are being tested. The more price journeys southwards, the more the probability of a strong reversal in the market, which […]
