Recently, Gold has been trading sideways at the price of $1,344.00. Anyway, according to the 30M time – frame, I found a successful rejection of strong resistance cluster at the price of $1,347.00, which is a sign that buying looks risky. I also found a bearish momentum, which is another sign that sellers are in […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price reached my second target at the level of $8.300. Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining […]
Recently, the GBP/USD has been trading sideways at the price of 1.4205. Anyway, according to the 30M time – frame, I found a broken bullish channel in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. […]
We are heading towards weekend, but don’t let that be a reason to take the pressure off your broker. Euro/Dollar’s spreads have averaged at point 33 pips during the past 24 hours, peaking at 1.9 pips. The pair rose above the 1 25 level yesterday as it appreciated by point 79% or 98 pips. Spreads […]
The Government of India, although often not very positive about Bitcoin and other cryptocurrencies, such activities have not helped to curb their popularity. In his annual speech, Finance Minister Arun Jaitley again explained that the government intends to stop the use of digital currencies in India, claiming that the South Asian country does not recognize […]
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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:Euro, sterling extend weakness April 16, 2024 Yesterday, the euro and the British pound extended losses […]
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 02nd 2018 Related Posts:Energy in Focus: […]
Here are the latest developments in global markets: FOREX: The dollar index was practically unchanged on Friday ahead of the US employment data, after it previously posted notable losses on Thursday. The yen tumbled against its major peers, weighed on by the BoJ’s regular bond-buying operations, which pushed Japanese bond yields lower. STOCKS: Japanese markets retreated despite the […]
Overview: Pivot point : 0.7305. The NZD/USD pair is rising from the level of 0.7305 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 H4 chart. The price is likely to form a double bottom in the same […]
The Dollar index continues to trade in a bearish trend. Price got rejected at the short-term resistance yesterday and is making new lows. I expect the January 25th low to be broken soon. Maybe today, maybe next week after a bounce, but overall the chances favor the index to go towards 87. Red lines – […]
Gold is holding above support although it tested $1,336 yesterday, now it is trading above $1,347 and is challenging cloud resistance. Trend is about to turn bullish again in the 4-hour chart as price is about to break above the cloud. Today’s NFP announcement is expected to provide some volatility in Gold prices. Black rectangle […]
Let’s find out how the technicals compare with the interbank at 8 AM GMT on this Friday. Euro/Dollar’s hourly chart shows mixed results. Mid and long terms both have mostly green signals, which is in line with the 35% long interbank sentiment. The Cable’s short term brings 5 sell prompts. Mid term outlook shifts to […]
USDCAD has been developing lower over the last weekly sessions, after the strong pullback on the 1.2920 resistance level on December 19. The price broke several obstacles to the downside and ended Thursday’s session below the 1.2300 handle. Also, the short-term technical indicators are bearish and are pointing more weakness in the market. In the […]
Burning Forecast 02/02/2018 EURUSD: Wait for a strong growth. Today an important event: At 12:30 London time, the US employment report for January (Nonfarm payrolls) will be released. Analyst forecasts +180 to +250 new jobs. In my forecast, we will see a EURUSD rate increase to 1.2540, a breakout to the top and a move […]
Technical outlook: The EUR/USD pair seems to be preparing for a corrective drop towards 1.2220 levels to terminate wave 4 within the 5th wave on one larger degree. The pair has been in an upswing since January 2017 and is now into its final leg, before giving in completely to bears again. High probable wave […]
The Dukascopy TV team is here with this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. We start with the Euro/Dollar, which has R1 of 1 2540 and S1 of 1 2430. R1 leads in resistance with 7 confirmations, including a price channel indicator upper line and a 2 […]
Morning Report: 07.00 London This morning, the dollar is back on the rise ahead of today’s Non Farm Payrolls after yesterday’s losses. Yesterday’s poor performance was driven by activity in treasuries which superseded strong economic data and results from tech giants who reported results last night. The euro is lagging slightly this morning, but generally […]
Today is Non-farm Payrolls day in the US. This data release is generally one of the most important of the month, being a leading indicator of consumer spending and economic health, made public shortly after it is calculated. It charts the change in the number of employed during the previous month. Also released at the […]
Yesterday, the global crude oil prices dropped after the EIA reported increasing inventory builds in the United States. On Wednesday, the agency reported inventory builds of 6.8 million barrels, which beat analysts’ estimates. According to the organization, the gasoline stockpiles fell by 2 million barrels down from the 3.1 million it reported in the previous […]
EUR/USD: This pair is now going gradually upwards, following its recent short-term consolidation. Price is now above the support line at 1.2450, almost reaching the resistance line at 1.2500, which would soon be breached to the upside, as another resistance line at 1.2550 is targeted today. USD/CHF: The USD/CHF pair has been able to continue […]
USD/CHF is expected to move toward 0.9220. The pair remains under pressure below its key resistance at 0.9300, and is now testing its support at 0.9250. Both the 20-period and 50-period moving averages are heading downward, and should maintain the strong selling pressure on the prices. Last but not least, the relative strength index is […]
Our first upside target which we predicted in yesterday’s analysis has been hit. GBP/JPY is expected to trade with a bullish outlook. The pair is clearly in an up-trend, backed by its rising trend line. A strong support base has formed around 136.00, which should limit any downside room. Besides, the relative strength index is […]
NZD/USD is expected to trade with bearish outlook. The pair remains under pressure below its key resistance at 0.7400, and it is also capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its neutrality area at 50. Hence, as long as 0.7400 is a resistance, look for a […]
Forex Market Reviews: http://thefxlounge.com/#Market-Review -The USD claws back some gains. -XRP and ETH feel the heat after talk of India ban. -Chinese exporters fear currency strength. -Mexicos manufacturers are upbeat despite NAFTA impasse. -About those millions US jobs. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]
Wave summary: The EUR/NZD pair continue to follow the expected path, and a break above minor resistance at 1.6973 will confirm more upside pressure towards 1.7360 on the way higher to 1.7479 and 1.7777, which is our long-term target. Short-term support is now seen at 1.6926 and at 1.6890 again, which should be able to […]
Wave summary: Our concern that the lack of downside pressure following the break below 135.00 could lead to a final spike higher to the original (D) wave target at 137.37 has been confirmed by the break above 136.30. In the short term a break back below support at 136.60 will indicate that the wave (D) […]
When the European market opens, some Economic Data will be released such as Italian Prelim CPI m/m, PPI m/m, Spanish Unemployment Change. The US will also release the Economic Data such as Revised UoM Inflation Expectations, Factory Orders m/m, Revised UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, Average Hourly Earnings m/m, so amid the […]
In Asia, Japan will release the Monetary Base y/y, and the US will release some Economic Data such as Revised UoM Inflation Expectations, Factory Orders m/m, Revised UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, Average Hourly Earnings m/m. So, there is a probability that the USD/JPY pair will move with medium to high volatility […]
NZD/USD is currently residing inside a corrective and volatile structure above 0.73 area with no definite trend momentum in the market. USD has been quite weaker in the comparison since the December Interest Rate hike which still affects the gains in the market. Today a number of high impact economic reports on the USD side […]
