The price is now testing our major resistance area at 1.2582 (Fibonacci retracement, Fibonacci extension, impulsive Elliott wave structure, horizontal swing high resistance) and we expect a strong reaction from this level to drive the price down to 1.2407 support (Fibonacci retracement, horizontal overlap support). It’s important to note the intermediate support level at 2.2458 […]
The return of market volatility reminded investors about the advantages of the US dollar, which they have recently stubbornly ignored. The rapid growth in Treasury yields, the increase in the likelihood of four federal fund rate increases and the potential overclocking of US GDP to 3% under the influence of fiscal stimulus can not be […]
GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again. Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher. Benchmark UK Gilt yields neared the highest since […]
Overview Gold price crawls downwards gradually on its way towards our expected target at $1,301.20. As long as the price is below $1,316.48, the bearish trend scenario will remain active for today. Note that breaking the target level will extend losses and bring gold prices to the level of $1,285.90 as a next station. Breaching […]
Overview Silver price keeps trading in the negative zone, moving away from 16.56 level. It supports continuation of our bearish overview. Our long-awaited target is located at 15.49, while holding below 16.56 represents the most important condition to continue the suggested decline. The expected trading range for today is between 16.00 support and 16.50 resistance. […]
Our first target which we predicted in the previous analysis has been hit. USD/JPY is expected to trade with a bullish outlook. Currently, the pair is trading at levels around the ascending 20-period moving average, which has just crossed above the 50-period one. And the relative strength index has managed to stay above the neutrality […]
All our upside targets which we predicted in yesterday’s analysis have been hit. USD/CHF is expected to trade with bullish outlook. The pair recorded higher tops and higher bottoms since February 1, which confirmed a positive outlook. The rising 50-period moving average acts as a support. The relative strength index is above its neutrality level […]
The Bank of England released its ‘Super Thursday’ data earlier, with the Interest Rate left on hold at 0.5% and Asset Purchase Facility maintained at £435B. All votes were unanimous. The Quarterly Inflation Report projected inflation at 2.28% in 12 months time, 2.16% in 2 years and 2.11% in 3 years. GDP forecast for 2018 […]
Failing that, ask its pension fund for a few index-linked Gilts… The BANK of ENGLAND announced its latest policy decision in London today, writes Adrian Ash at BullionVault. In effect it told UK investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the […]
All our targets which we predicted in the previous analysis have been hit. GBP/JPY is expected to trade with a bullish outlook. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintains the bullish bias. The relative strength index is supported by an ascending trend line. Therefore, […]
Jeremy Naylor is joined by Angelos Damaskos, Junior Gold Fund, to discuss the price of gold and the wobble in the equity markets. ► Subscribe: https://www.youtube.com/IGIndexSpreadBetting ► Trade Gold with IG: https://www.ig.com/uk/commodities/precious-metals-trading/gold-trading Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 […]
Today, the Bank of England’s (BoE) Monetary Policy Committee (MPC) completed its two-day policy meeting. In their meeting, the committee voted unanimously to leave the interest rates at the current level of 0.5%. The traders expected this. What the traders didn’t expect was the committee’s deep statement. In the statement, they unanimously agreed that there […]
The New Zealand Dollar fell to a four-week low against the greenback after the Reserve Bank of New Zealand (RBNZ) kept rates on hold as expected and signalled no increases until next year. The official cash rate was left unchanged at 1.75% for the 15th month in a row. RBNZ cut its GDP forecast for […]
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 Daily financial news by- Binary.com-February 08th 2018 Related Posts:Energy in Focus: […]
The morning session is over on this Thursday; let’s see how things are shaping up for the market players. Euro/Dollar declined by 70 pips after hours of relatively flat trading. Turnover is low and neutral sentiment of the traders is leaning towards the long side by 7%. Late decline has provided some profit opportunities for […]
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Dukascopy TV Team is back with the Economic Calendar, where we’ll take a look at the fundamentals for this week’s final trading day. Swiss unemployment rate for January opens this agenda at a quarter to 7 AM. Jobless rate declined to 3% in December after years of hovering slightly above this level. A couple of […]
EUR/USD: There is a clean bearish signal on the EUR/USD. The recent bearish attempt has paid off, and the price is now below the resistance line at 1.2250. The market is supposed to go further downwards as it is poised to reach the support lines at 1.2200 and 1.2150. USD/CHF: There is a clean bullish […]
Recent macroeconomic data show that the UK economy follows global trends and no signs of uncertainty around Brexit clearly weighing on the mood of consumers and business. The final estimate of GDP for the second quarter was increased to 0.5% q/q, and the first readings for the fourth quarter at 0.4% they slept by 0.1% […]
The Bitcoin (BTC) has been trading sideways at the price of $8.430. Jobs and applicants for employment in the cryptocurrency sector have increased substantially in India, despite the current attitude in Delhi towards bitcoin. The significant growth has been registered in the second half of last year, a period of great uncertainty about the crypto […]
Crude oil came under pressure yesterday following the release of weekly statistics on inventories and supply in the United States. Inventories are up for a second week in a row, a common occurrence for this time of year, with nothing notable shown after 10 weeks of substantial decline. Most importantly, perhaps, the report showed that […]
Today is known as “Super Thursday” when the Bank of England releases its policy decision and statement plus the Inflation Report. At 12.00 GMT, the Interest Rate Decision and Monetary Policy Summary are announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest […]
Recently, the USD/JPY pair has been trading upwards. The price tested the level of 109.78. According to the 30M time – frame, I found a successful breakout of the ascending triangle, which is a sign that buyers are in control. I also found a breakout of pivot resistance 1, which is another sign of strength. […]
Overview: The NZD/USD pair. The bias remains bullish in the nearest term testing 0.7437 or higher. The NZD/USD pair is climbing from the area of 0.7305/0.7202 in the long term. It should be noted that the support is established at the level of 0.7305 which represents the daily pivot point on the daily chart. The […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2225. According to the 30M time – frame, I found a broken intraday bearish flag (pennat), which is a sign that sellers are in control. I also found a bearish cross on stochastic oscillator, which is another sign of weakness. My […]
Overview: The USD/CHF pair continued to move upwards from the level of 0.9399. Since yesterday, the pair has risen from the level of 0.9399 (the level of 0.9399 coincides with the ratio of 38.2% Fibonacci Expansion) to the top around 0.9460. In consequence, the USD/CHF pair broke resistance at 0.9444, which turned into strong support […]
Overview: The USD/CHF pair continued to move upwards from the level of 0.9399. Since yesterday, the pair has risen from the level of 0.9399 (the level of 0.9399 coincides with the ratio of 38.2% Fibonacci Expansion) to the top around 0.9460. In consequence, the USD/CHF pair broke resistance at 0.9444, which turned into strong support […]
Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar’s spreads have averaged at point 34 pips during the past 24 hours, peaking at 1.3 pips. Single currency has been on a slide against the Buck, dropping by more than 1% or 130 pips to hit the […]
Canada’s employment data for January are due out on Friday at 1330 GMT and forecasts point to a relatively soft report. That said though, considering the remarkable progress the labor market has posted in recent months, some moderation appears quite normal, and may be of little concern to Bank of Canada (BoC) officials. The Canadian […]
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