GOLD PRICES regained half of last week’s losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell’s first congressional testimony, writes Steffen Grosshauser at BullionVault. Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial […]
EUR/USD is currently struggling at the 1.23 price area ahead of the ECB President Draghi’s speech. The price has been quite indecisive at the edge of the 1.23 price area as it is the most important event level from where if broken below the price is expected to be quite impulsive with further bearish pressure. […]
Gold is heading south over the last couple of hours, while it started the day in green. In the 4-hour chart, the precious metal is developing within the 50.0% and 61.8% Fibonacci retracement levels of the downleg with the high of 1366 and the low of 1307. The price struggled within 1336 and 1343 after the aggressive jump towards 1340.90 during today’s […]
The post of President of the People’s Republic of China, Xi, took place at a time that only apparently required a new head of state to carry out far-reaching reforms. Going back in time, you can see that the first months of Xi’s power are primarily the presence of relatively strong shocks generated by financial […]
Calm Monday trading as markets awaits Powell hearing The rebound on the Asian stock markets following the optimistic end of the last week on Wall Street brings stable trading in currency markets with a mild weakening of the US Dollar and the strengthening of the emerging markets. Gold is trying to rally, Crude Oil remains […]
Overview The Gold price opens today’s trading with strong rise after leaning well on the bullish channel’s support that appears on the chart, to breach 1335.40 level and settles above it now, which hints stopping the recently suggested negative scenario and head to regain the main bullish trend again, supported by moving above the EMA50 […]
Overview Silver price managed to achieve our first target represented by the EMA50, located now at 16.75, noticing that stochastic provides clear positive signals on the daily time frame, which forms positive motive that we are waiting to push the price to continue rising in the upcoming period, waiting to head towards 17.43 that represents […]
The S&P 500 (SPX) rallied strongly on Friday, finishing the week in positive territory. U.S. Treasury yields and Federal Reserve interest rate hike expectations remain a key factor. After the Federal Reserve released minutes of the meeting of its decision-making Federal Open Market Committee (FOMC), U.S 10-year yield hit a fresh four-year high of 2.95% […]
Here are the latest developments in global markets: FOREX: The dollar remained broadly weaker against a basket of currencies, with markets eagerly awaiting Jerome’s Powell congressional testimony for positioning on the US currency moving forward. Euro/dollar was 0.3% up and pound/dollar traded higher by 0.5%, hitting a 10-day high of 1.4069 earlier on Monday. Sterling […]
The pace of news flow has picked up on this Tuesday, 27th of February, so find out more by watching the Dukascopy Economic Calendar. Euro Zone M3 Money Supply statistics for January open this agenda at 9 AM. The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December, from 4.9% […]
The Japanese yen confidently leads the race for the title of best performer of the year among the G10 currencies, has strengthened against the US dollar by 5.4% since early 2018. Jerome Powell’s speech before the Congress is viewed by investors as a clue about the future dynamics of USD / JPY pair to determine […]
Recently, the Gold has been trading upwards. The price tested the level of $1,341.06. Anyway, according to the 30M time – frame, I found a rejection of the upper diagonal, which is a sign that buying looks risky. I also found the overbought condition of the stochastic oscillator, which is another sign of weakness. My […]
Recently, the GBP/USD has been trading upwards. The price tested the level of 1.4070. Anyway, according to the 30M time – frame, I found a rejection of pivot resistance 2 at the price of 1.4060, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which […]
Overview: The GBP/USD pair is still trading below the resistance of 1.4055. It will probably continue to move downwards from the level of 1.4055. Today, the first resistance level is seen at 1.4055 followed by 1.4123, while the daily support 1 is seen at 1.3901. Furthermore, the moving average (100) starts signaling a downward trend; […]
Overview: The trend of the EUR/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.2259 and 1.2373. Also, the daily resistance and support are seen at the levels of 1.2408 and […]
It’s noon GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot. Euro/Dollar has been trending higher and rise puts the pair point 38% in the green. Traded volume is average and neutral sentiment of the traders is almost at an even balance. Rate has been heading higher, suggesting a successful […]
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 – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
Trading plan 02/26/2018 The overall picture: This is the week of important news. In the new week, there will be several important news in the US. A package for three days: Tuesday, Wednesday, Thursday. On Tuesday and Thursday, the US Congress will make a report with the new head of the Federal Reserve Powell at […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an 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 the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (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. […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $9.324. Czechs are more inclined to store the value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many […]
Laszlo Hanyecz, the man who made the world’s first documented transaction for the purchase of a physical object using Bitcoin in 2010, in which he paid 10,000 BTC for two pizzas, now bought two pizzas using the Bitcoin Lightning Network. On February 25, Hanyecz published on the Lightning-dev mailing list that he had to ask […]
The US Dollar at the end of the Asian session is in a fairly strong defensive situation, which is being used effectively by commodity currencies like AUD and NZD (which are additionally supported by reports from the Middle Kingdom). According to the latest reports, the Communist Party of China seeks to preserve the status quo […]
Trading has resumed this week so stay with us to find out what the average and maximum spread levels have been for the 3 non-cross majors. Euro/Dollar has a daily average spread of point 37 pips. Peak separation has been 1.2 pips. Start of the week has been Euro bullish and the pair has appreciated […]
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:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from […]
The US dollar index is pulling back towards cloud support. The index got rejected at 90 and is now testing the 89.60 level. The inability to break above the 90.60 level was not a good sign for bulls and something that we warned about. For confirmation of a bigger trend reversal and that the entire […]
The EURUSD pair has consolidated between its moving averages over the recent sessions. The top of the range is marked out with the 50 and 100 moving averages at 1.23425 and the bottom with the 200-period moving average at 1.22814. While this range is narrow, price action is building energy here for an eventual breakout. […]
Week Ahead: Markets Await Jerome Powell’s First Statement. Last week, the focus among investors was the dollar which continued strengthening. The dollar index rose by 1.46%. It is currently trading at $89.90. This week, traders may continue to focus on the dollar especially from a Federal Reserve standpoint. On Wednesday, the new Fed chair, Jerome […]
Last year, palladium was the best performing commodity in the world, rising by more than 30%. This year, an agricultural commodity may be leading the way. YTD, cocoa has gained by more than 16%. The upward climb is associated with the perceived climatic changes in the Western African countries of Ghana and Ivory Coast. As […]
Here are the latest developments in global markets: FOREX: The dollar index which tracks the strength of the dollar against a basket of six major currencies opened lower in Asia, touching a session-low of 81.67 (-0.25%). Dollar/yen slipped to a one-week low of 106.43, while aussie/dollar and kiwi/dollar were the best performers, with the former […]
