Australia’s inflation prints are due out on Wednesday at 00:30 GMT and expectations are for the CPI rate to re-enter the Reserve Bank of Australia’s (RBA) target band. Will this be enough to trigger an optimistic response by the Bank when it meets again next week, or are there more hurdles to be overcome before […]
It is safe to say that Bitcoin prices have had a rough month. After peaking near $19,600 on December 18, the cryptocurrency collapsed to find a bottom at $9,222, before rebounding somewhat in recent days, currently trading near the $11,100 mark. What caused the plunge, and what could drive prices moving forward? The slump in […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
Gold is moving lower over the last hours following the strong pullback from the 4-month high of 1366. The price headed south and is challenging the short-term ascending trend line, which has been holding since December 12, near 1345 support level. The short-term technical indicators seem to be turning negative and point to more weakness in the market. […]
Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”. Pfizer’s EPS are expected to come in at $0.56 per share, with the average EPS […]
The GBPCAD pair has been rising steadily since its break above 1.70500 in early January but it has today dropped back under trend line support. It reached a peak of 1.76357 on Thursday. The blue rising trend line managed to hold as support on the initial series of tests but gave way late on Friday. […]
GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault. Gold traded $6 below last week’s close at $1349 per ounce after touching an 18-month high at $1365 early on Friday. US Treasury bonds meantime extended their […]
President Donald Trump, speaking on Friday at Davos, hinted that he would continue to promote the America First program, but he does not mean “America alone” because when “America is growing, the whole world is growing”. He added that Washington would no longer tolerate unfair commercial practices. He added that the US supports free trade, […]
This may be an important week for the future of USD, considering how merciless the recent currency sale has become. However, to stop the market, a particularly successful combination of factors is needed. First, PCE Core inflation would surprise with an acceleration higher than 1.6% y/y (consensus). Good data would open the way for the […]
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 sideways at the price of $11,200. The Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Technical […]
GBPUSD has gained nearly 900 pips from the December low due to strong economic data in the UK, Brexit optimism and weakness in the U.S Dollar. The UK economy ended last year with stronger-than-expected growth. Last week’s GDP data showed the UK economy grew 0.5% in the final quarter of 2017; ahead of analyst forecasts […]
Morning session is over on this week’s first trading day so let’s see how market players have performed so far. Euro/Dollar recovered after the early decline, but another slide puts it point 31% in the red. Traded volume is average and neutral sentiment is just 3% long. Downward pressure has been stronger so far, making […]
Week Ahead: Focus Turns to Fed and Jobs Numbers. Last week was another week of records for all United States indices. The big four – Dow, NASDAQ, S&P, and Russel – recorded significant gains and ended the week near their all-time highs. The continued surge is associated with the current results from companies. So far, […]
Gold is having a good year, thanks to a weaker dollar. YTD, gold has gained 4% and I believe there is more to come. As shown in the chart below, gold passed the four-month high of $1357 last week. As it regularly happens, financial assets tend to retrace after hitting a significant high. The same […]
Here are the latest developments in global markets: FOREX: The dollar consolidated gains earned early in the day on the back of rising US bond yields which jumped to peaks last seen in 2014. The dollar index was trading at 89.60 (+0.22%) and dollar/yen was steady at 108.70 (+0.05%). Euro/dollar eased to 1.2397 (-0.19%) as […]
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 […]
This is the Dukascopy Spike Controller for Monday with a look at the average and peak spread levels for the 3 non-cross majors. Euro/Dollar’s long term average spread is point 4 pips and maximum separation has been 2.1 pips. A single trend hasn’t formed so far this week and the biggest move is a decline […]
Just a day before the Fed starts its two-day monetary policy meeting, the Bureau of Economic analysis will release figures on the core personal consumption expenditure price index (PCE), the Fed’s most preferred inflation measure. However, the results are less likely to drive to a rate hike on Wednesday as markets are already pricing in a “no-change” […]
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:Analysis of GBP/USD. April 15th. Retail sales in the USA… April 15, 2024 The wave analysis […]
Chinese citizens continue to invest in Bitcoin and the crypto market, despite the government’s intense attack. In September 2017, the Chinese cryptocurrency exchanges BTCC China, Huobi, and OKCoin were closed by the government. At some point, the management of these exchanges could not leave the country because of a government investigation into local cryptocurrencies. Three […]
The new week starts well with the US Dollar, although the changes are not big enough to look for a specific justification for the willingness of market participants to take profits off the table. The stock market in Asia has a mixed session behind, Nikkei 225, for a moment, enjoyed an increase of 0.65%, but […]
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:Overview of the GBP/USD pair. April 16th. The pound may… April 16, 2024 After a three-day […]
27th January 2018 was yet again a day dedicated to education: XM hosted a free seminar in Kuala Lumpur, Malaysia, for online investors interested in learning about the most essential details related to CFD trading. For all those who are truly committed to keeping pace with the latest changes that affect the global CFD markets, […]
Here are the latest developments in global markets: FOREX: The dollar index traded marginally higher on Monday, recouping some of the losses it posted on Friday. Meanwhile, the yen remained relatively elevated after shooting up on Friday, following some remarks from BoJ Governor Kuroda. STOCKS: Asian markets were mixed. In Japan, the Nikkei 225 closed marginally lower, while […]
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- January 29th 2018 Related Posts:Energy in […]
These are the Main Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 4 bearish signals in the short-term. The mid-term is split between red and neutral models, and the daily outlook sees 4 buy prompts, matching the more than 39% long interbank. Bearish models […]
Morning Report: 07.00 London The dollar index is recovering this morning after a poor week that compounded 2018’s weakness. We have an extremely busy week ahead with Trump’s state of the union address, Non Farm Payrolls and much more. Most dollar pairs are slipping back, including the AUD/USD which remains one of the top performers […]
There was a general increase in volatility last week across the board due to Davos and a busy economic calendar. On Friday, BOJ’s Kuroda made comments in Davos concerning the Japanese economy, saying the contrast between recovery and inflation stands out more than anywhere else and the economy is expanding moderately and will continue. It’s […]
EURUSD has been underperforming in the previous couple trading days, creating a pullback on the 3-year high, the 1.2540 resistance level. When looking at the bigger picture the pair holds a clear trend to the upside as it recorded the sixth bullish week in a row. However, the short-term technical indicators are pointing for a […]
