Mexico agreed to review the trade agreement with the United States on NAFTA. This became the good news for risky assets, including Asian stock markets, inspiring optimism that the trade disputes between the countries will be resolved further in the future. The Mexican peso gained 1.7% at one point on Monday after this news. The […]
• EUR/GBP rising inside impulse wave 3 • Further gains are likely EUR/GBP continues to rise inside the short-term impulse wave 5 – which previously broke through the resistance area lying between the major, long-term resistance level 0.9020 (which has been reversing the price from last October) and the resistance trendline of the daily up […]
• Wheat broke support area • Further losses are likely Wheat recently broke through the support area lying between the key support level 530.00 (which has been reversing the price from July), 50-day moving average and the 50% Fibonacci correction of the previous upward impulse from June. The breakout of this support zone accelerated the […]
Powell’s tempered comments in Jackson Hole last week supported the growth of U.S. stocks which closed at record highs. Futures on S&P500 оn trades in Asia continued its historical highs updates, adding another 0.3% from the beginning of the day to levels 2884.5. The growth of American bourses helps Asian markets this Monday morning. Heng […]
• EUR/JPY rising inside impulse wave 3 • Further gains are likely EUR/JPY continues to rise inside the short-term impulse wave 3 – which previously broke through the resistance zone lying between the resistance level 127.30 and the 38.2% Fibonacci correction of the previous ABC correction 2. The breakout of this resistance zone accelerated the […]
• Natural Gas reversed from resistance zone • Further losses are likely Natural Gas recently reversed down from the resistance zone lying between the major resistance level 3.000 (which has been reversing the price from May) and the upper daily Bollinger Band. The downward reversal from this resistance zone started the active impulse wave 3 […]
The U.S. dollar has returned to growth on the comments from the Fed officials about the need of further rates increases this year and next one. At the end of the day, the dollar index added 0.5% to 95.50. Robert Kaplan and Easter George, the heads of the Fed’s regional Reserve Banks, said on Thursday […]
• AUD/CHF broke key support level 1.5600 • Further losses are likely AUD/CHF today broke through the key support level 1.5600, which stopped the previous short-term impulse wave (i) earlier this month – as can be seen below. The breakout of this support level should accelerate the active impulse wave (iii) – which started recently […]
• Platinum reversed from resistance area • Further losses are likely Platinum recently reversed down from the resistance area lying at the intersection of the round resistance level 800.00 (former strong support from July) and the 38.2% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance area started the active […]
The American dollar adds to major competitors after publishing FOMC minutes of the previous meeting. The dollar index adds 0.4% in response to the protocols to the July meeting, when the Committee members have discussed further policy of interest rate tightening. This news helped the American currency to turn to growth after five trading sessions […]
• EUR/AUD reversed from support area • Further gains are likely EUR/AUD recently reversed up from the support area located between the support level 1.5600, lower daily Bollinger Band and the support trendline of the daily down channel from July. The upward reversal from this support zone started the active impulse wave (3) – which […]
• WTI broke resistance zone • Further gains are likely WTI continues to rise sharply after the previous breakout of the resistance zone lying at the intersection of the resistance level 66.80 (former support from July) and the resistance trendline of the daily Falling Wedge from June. The breakout of this resistance zone accelerated the […]
The weakening of the dollar, caused by Trump’s comments, continues. The dollar index sank by 0.3% for the past 24 hours to 95.1, having played down the growth of the beginning of August and returned to the upper border of the trading range of the previous three months. The EURUSD pair has increased to 1.1570 […]
• EUR/CAD reversed from support level 1.4830 • Further gains are likely EUR/CAD recently reversed up from the support area located between the key support level 1.4830 (former strong support from January) and the lower daily Bollinger Band. The upward reversal from this support zone completed the previous medium-term ABC correction (B) from the middle […]
• Cotton reversed from support zone • Further gains are likely Cotton continues to rise after the recent sharp upward reversal from the support zone located between the round support level 80.00 (which also reversed the price in April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse form last October. […]
The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low interest rates. The dollar index lost 0.7% over the past 24 hours. EURUSD up to 1.1530, the maximum in the last 2 weeks. Previously Trump […]
• AUD/NZD reversed from support zone • Further gains are likely AUD/NZD continues to rise after the earlier upward reversal from the support area located between the key support level 1.0980 (former powerful resistance from July) and the 38.2% Fibonacci correction of the previous sharp upward impulse form June. The upward reversal from this support […]
• Palladium reversed from support zone • Further gains are likely Palladium recently reversed up sharply from the major support area located between the key support level 825.00, lower weekly Bollinger Band and the 61.8% Fibonacci correction of the previous weekly uptrend from the end of 2016. The upward reversal from this support zone created […]
EURUSD EURUSD is trading near 1.1420, losing 0.2% from the beginning of the day after an impressive growth on Friday from 1.1370 to 1.1440. The growth on Friday was largely associated with upward correction after a strong decline. According to technical analysis, despite the increase in EURUSD on Thursday and Friday, the bearish trend remains […]
Asian bourses remain moderately optimistic since the end of last week. Expectations are encouraging that the Chinese and Turkish authorities should be able to find economic support measures and stabilise the exchange rates of their currencies. Beijing defended its currency from a decline to 7.0 for the dollar last week, and also already offered to […]
• Sugar falling inside minor impulse wave 5 • Further losses are likely Sugar continues to fall inside the minor impulse wave 5 – which belongs to the medium-term impulse wave (3) from the end of May (which previously broke through the key support level 10.80). The price earlier made a failed attempt to break […]
• EUR/CHF reversed from long-term support level 1.1250 • Further gains are likely EUR/CHF continues to rise after the earlier sharp upward reversal from the long-term support level 1.1250 (which also previously reversed the price sharply in August of 2017) – strengthen by the lower daily Bollinger Band. The upward reversal from this support level […]
The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American markets feel more confident. On Thursday S&P500 added 0.8%. However, moderate growth in demand for risks looks like a development of profit-taking rather than evidence of a sustainable markets turnaround. The […]
• EUR/GBP reversed from support zone • Further gains are likely EUR/GBP continues to rise after the recent upward reversal from the support zone lying between the support level 0.8900, support trendline of the daily up channel from June and the 38.2% Fibonacci correction of the previous upward impulse from June. The upward reversal from […]
• Corn rising inside impulse wave (3) • Further gains are likely Corn continues to rise inside the medium-term impulse wave (3), which started recently from the support zone lying between the support level 350.00 (low of wave 2) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily […]
Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease of 1.1% on Wednesday. The Chinese offshore yuan adds about 1% on Thursday morning and trades at 6.875 after reaching 18-month lows to […]
• Copper broke pivotal support level 268.00 • Further losses are likely Copper today broke sharply below the pivotal support level 268.00, which stopped the previous sharp impulse wave 1 in July, as can be seen from the daily Copper chart below. The breakout of the support level 1.2750 strengthened the bearish pressure on this […]
• GBP/CHF broke support level 1.2750 • Further losses are likely GBP/CHF continues to fall after the recent breakout of the key support level 1.2750, which previously reversed the price in last October, as can be seen from the daily GBP/CHF chart below. The breakout of the support level 1.2750 accelerated the active short-term impulse […]
The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China’s claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including […]
The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a China’s claim to the WTO about US tariffs on renewable energy imports and subsidies to their own producers; Turkey has put obstruction duties on a number of goods from the United States, including […]
