In Asia, Japan will release the Leading Indicators, and 30-y Bond Auction. The US will also publish some economic data such as 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]
The head of the Federal Reserve Bank of Atlanta, Raphael Bostic, put dollar bulls into a real knockout with his statement about the prospects of monetary policy. Considered a “hawk”, Bostic stunned traders by admitting the likelihood of a reduction in interest rates. And although this year he does not have the right to vote […]
4-hour timeframe The amplitude of the last 5 days (high-low): 134p – 192p – 211p – 72p – 93p. Average amplitude for the last 5 days: 140p (134p). The British pound sterling on Wednesday, January 9, slightly increased against the US currency, but not as much as the euro added. This suggests that the reaction […]
4-hour timeframe The amplitude of the last 5 days (high-low): 172p – 102p – 73p – 87p – 63p. Average amplitude for the last 5 days: 99p (96p). The EUR/USD currency pair on Wednesday, January 9, in the European trading session was trading in an absolutely calm way. However, with the opening of the US […]
Experts of the American financial company Goldman Sachs Group Inc (NYSE: GS) believe that iron ore prices may fall to $ 60 per ton in the next six months. Earlier, in December, the cost of iron ore increased by 11%, showing a record increase over the last year. At the same time, growth did not […]
According to the American oil service company Baker Hughes, the average monthly number of active oil and gas rigs in the world in 2018 increased by the results of the second year in a row. In 2017, the figure was recorded at around 2,029 units, and in 2018, at 2,211 existing drilling units. In the […]
The international rating agency Fitch reported that it could lower the sovereign credit rating of the United States triple-A (AAA) due to the suspension of the work of the federal departments of the US administration. Fitch CEO James McCormack stressed that if the work of the federal departments does not resume until March 1, then […]
EUR/AUD has broken the major trend line support and we look to sell at 1.6065 (horizontal overlap resistance) for a reversal to at least 1.5875 profit target (horizontal pullback support). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 19-22, 2024:… April 19, 2024 The weekly […]
CAD/JPY is approaching our major trend line support and we look to buy at 82.05 (horizontal pullback support) for a bounce to at least 83.33 profit target (horizontal pullback resistance, 50% Fibonacci retracement). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides […]
NZD/USD is testing major trend line resistance and we look to sell at 0.67580 (descending trend line support) for a drop to at least 0.66707 profit target (horizontal swing low support). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 19-22, 2024:… April 19, 2024 The […]
EUR/USD is testing major trend line support and we look to buy at 1.14454 (ascending trend line support) for a bounce to at least 1.14694 profit target (horizontal swing high resistance). The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – US 500 index slides beneath rising… April 8, 2024 US […]
The data released in the first half of the day in Germany provided only temporary support for the European currency, after which the EUR / USD pair trading returned to the side channel. An unsuccessful update of yesterday’s high may indicate completion after the New Year upward correction in the euro. Today’s publication of the […]
According to analysts of a large American company, BlackRock, the refusal of raising interest rates by the US Federal Reserve System (FRS) could be a catalyst for the rise in gold prices. Since August last year, the yellow metal is in an uptrend. Experts note that after a short-term consolidation last week, the price of […]
Deutsche Bank experts believe that the euro, the yen, the Australian dollar, and the Swiss franc in 2019 should strengthen against the US currency. They recommend buying the euro against the dollar, predicting the inversion of the yield curve of US government bonds, which will serve as a negative factor for the greenback. “Thanks to […]
Having reached a semi-annual maximum, gold entered a state of consolidation, preferring to take a breath amid uncertainty about the outcome of the US-China trade negotiations and the timing of the resumption of the US government, on the one hand, and the stabilization of financial markets, on the other. Investors at the beginning of the […]
Dear colleagues. For the currency pair Euro / Dollar, we are following the development of the upward cycle of January 2. For the Pound / Dollar currency pair, we should continue the development of the ascending structure from January 2 after the breakdown of 1.2813. For the currency pair Dollar / Franc, after the cancellation […]
Since Mid-November, Successive Lower Highs were demonstrated around the price levels of 1.3060, 1.2920 and 1.2800 maintaining movement within the depicted H4 bearish channel Shortly after, a quick decline was demonstrated towards the price level of 1.2500 before bullish recovery could take place on December 12. A bullish Head & Shoulders pattern was demonstrated on […]
Trading recommendations: According to the 30M time – frame, I found that BTC reached my yesterday’s upward target at $4.050. Anyway, I found strong rejection from the resistance at the price of $4.050, which is the warning sign for further upward movement. BTC is trading in a sideways mode now. Watch for potential selling opportunities. […]
Bitcoin has been quite impulsive with the bullish gains recently but for a few hours it is correcting itself above $4,000 area. The price is being propped up by the dynamic support area of Kumo Cloud as well as the dynamic levels like 20 EMA, 200 EMA, Tenkan, and Kijun line which are intersecting each […]
To open long positions on EUR / USD pair, you need: Despite the decline in unemployment in the eurozone, the demand for the euro remains quite weak before the publication of the Fed’s channels. The bulls are still required to break through the resistance of 1.1465, which will open the direct route to the maximum […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2734. According to the M15 time frame, I have found that there is a potential change in the trend behavior from the bullish to bearish. I have also found that there is a potential end of the upward correction (abc flat) in the […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1342. Today, the first support level is currently seen at 1.1342, and the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.1342, which coincides with the 61.8% Fibonacci retracement […]
Euros and commodity-linked currencies are rising amid optimism about trade negotiations between the US and China. The new round has improved investor sentiment and contributed to the sale of the dollar. Expectations of further easing of monetary policy in China also supported the markets: Asian and European stocks opened with growth. All these factors create […]
The Canadian dollar showed the best dynamics in the first days of January among the major currencies, but things can change dramatically after the meeting of the Central Bank of Canada. Although no rate hikes are expected, recent CAD movements indicate that some investors are counting on the recognition of the strength of the labor […]
According to representatives of the Federal Reserve System (FRS) of the USA, the current situation resembles the events of three years ago, when uncertainty about the growth prospects of the global economy kept financial markets in tension for several months. At present, the regulator is forced to balance between the obligation to keep inflation under […]
USD/CAD has been quite impulsive and non-volatile with the recent bearish momentum after bouncing off the 1.3650 resistance area with a daily close. Ahead of the Bank of Canada’s Interest Rate decision, US FOMC minutes, and FED Chair Powell’s speech, this pair is expected to be quite volatile and indecisive this week. After the mixed […]
According to Reuters, black gold prices increased by more than 2% due to trade negotiations between the United States and China. The cost of futures for benchmark Brent crude for delivery in February on the London Stock Exchange ICE Futures rose 2.4%, reaching $ 58.72 a barrel. The price of January futures for light crude […]
Wave counting analysis: On January 8, the pair lost about 75 bp. Thus, we have a reason to assume the completion of the construction of wave 2, in the future 3, or from the downward trend section. If this assumption is true, then from the current position, the pair will continue to decline with targets […]
To open long positions on EUR / USD, you need: As I noted yesterday, the growth potential of the euro is gradually coming to an end, and today, in order to maintain the upward movement, the bulls need a break of the resistance level of 1.1465, which will open a direct path to the maximum […]
The big picture: The market is ready for the dollar to fall. Main theme: Completion of the Federal Reserve rate hike cycle. Despite a strong labor market report, the Fed is ready for a long pause in rate hikes. The crisis around the US budget is a strong argument for stopping the Fed. The latest […]
