Eurozone According to the macroeconomic studies published last week, the expansion period of the eurozone economy that lasted for at least two years is coming to an end. The evaluation of the ZEW Institute that showed a slowdown in growth rates was confirmed by other studies. All three PMI Markit indices came in worse in […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
It was another good week for the U.S. dollar, which traded higher against all of the major currencies. The New Zealand dollar was hit the hardest by the greenback’s gains while sterling and the Japanese Yen ended the week unchanged. For once, stocks did not have a direct impact on currency movements as the Dow […]
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-February 25th 2018 Related Posts:Weekly forecast based […]
Economic data from Japan and the United States will comprise the bulk of next week’s releases. Australia, Canada, the Eurozone and the United Kingdom will also see important data releases. But the main focus will be on Fed Chair Jerome Powell’s first semi-annual testimony before Congress. Anxious market participants will be seeking clarity on Fed […]
EURJPY is heading lower over the last three weeks, following the pullback from the more than a 2-year high of 137.50. Prices managed to bounce up to the 133.00 handle on Wednesday but soon stepped back, falling to a fresh 3-month low of 131.22. The bearish picture in the short-term is further supported by the technical indicators. Looking at the […]
Silver has been trading in a triangle pattern on the daily timeframe, which has pinched price into a tighter range between 17.500 and 16.200. Price has dropped to the bottom half of this range below the moving averages. The market is now building energy while it remains undecided on what direction follow. Support can be […]
GBPJPY is currently paring some of Thursday’s losses but the last couple of hours it has been trading with weak momentum. Meanwhile, the price has been struggling below the 20- and 40-period simple moving averages in the short-term timeframe, which are near the 149.40 resistance level. From the technical point of view, the market could increase positive momentum in the short-term. In […]
The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of […]
Inflation remains the main story as markets try to figure out just how high yields might climb. 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 […]
This week, the global financial markets continued to stabilize following weeks of increased turmoil. Here are some of the most important updates of the week. Cryptocurrencies This week, the cryptocurrencies market started positively. On Tuesday, the currencies reached a weekly high with bitcoin reaching a high of $11,797. Since then, the currencies started going down […]
GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down. Failing to set a 4-year weekly closing high […]
The undecided behavior of the USD this week raises uncertainty among market participants. The USD has had a weak Thursday, a recovery during the night session in Asia and the return of troubles at the opening of Europe. In general, however, we do not move much in any direction. There is a lack of conviction […]
Bitcoin (BTC) has been trading sideways at the price of $10.050. The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to […]
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 […]
Recently, gold has been trading sideways at the price of $1,328.20. According to the 30M time frame, I found that the price is trading in the range between the support of $1,322.00 and the resistance $1,332.00. Gold is in the downward trend and my advice is to watch for selling opportunities with a potential target […]
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 crypto market entered a new correction phase in the middle of the current week, a phase associated with investor doubts regarding the market’s future. The total market capitalisation fell to $434 billion, down from the $500 billion levels it had reached earlier. Many Bitcoin investors were observed selling the cryptocurrency as it faced resistance […]
Cryptocurrencies continued their recovery from deep losses experienced over the last month but have seen a retracement over recent sessions. The positive sentiment has been helped by new developments in South Korea, where the regulator changed its tough stance on cryptocurrency trade and indicated that they plan to normalize the virtual coin business in a […]
A follow up to last month’s webinar, trading without a strategy or risk management is a fools’ errand. Join again easyMarkets’ Senior Global Strategist James Trescothick in his interactive webinar, where he will show you how strategies are developed for different trading styles. REGISTER NOW The post Forex Webinar: Building Strategy – PART 2 appeared […]
Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3994. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of 1.3989, which is a sign that buying looks risky. I also found a overbought condition on the stochastic oscillator, which is another […]
You’re watching the Dukascopy Economic Calendar for Monday, 26th of February, which is the slowest day of this week in terms of economic publications. US Residential Sales report for January opens this agenda at 3 PM GMT. New home sales dropped by 9.3% in December to 625 thousand, but this was still 14.1% above the […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull back […]
It’s noon GMT on this week’s last trading day, so let’s see how traders have managed to work out the rate movements. Euro/Dollar declined by 52 pips, but most of the loss was recovered in a following rise. Traded volume is average and neutral sentiment is 3% long. Bears had their chances early on, but […]
Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with […]
EURCAD has advanced considerably since roughly the beginning of the year, hitting a two-year high of 1.5687 during Thursday’s trading. Price action is at the moment taking place not far below this peak. The Tenkan-sen line being above the Kijun-sen one is pointing to a bullish short-term momentum. However, the Chikou Span suggests that the […]
The Financial Times gave 17 reasons for the weakening of the US dollar, and as if to spite the tabloid, the US currency is beginning to strengthen. It must be understood that the press finds out about all of the latest events, and if you want to survive in the market, you need to get […]
EUR/CAD has been non-volatile with the gains after breaking above the 1.5350 price area which is expected to be retested in the coming days. Due to recent worse economic reports from Canada, EUR has been the dominant currency in the pair with mixed economic reports. The weakness of CAD emerged, having minimum development after the […]
USD/JPY is expected to trade with a bearish outlook as the key resistance is at 107.60. The pair is off the low of 106.58 seen overnight (February 22). Currently, it has returned to levels above the descending 20-period moving average while being capped by the 50-period one and the key resistance at 107.15. The relative […]
