According to experts of the investment bank Barclays, despite the fact that the US Federal Reserve System (FRS) has taken a more cautious position, it’s not worthwhile to put an end to the US currency. The day before, at the last meeting in the current year, the regulator raised the interest rate by 0.25% to […]
NZD/USD has been impulsive with the recent bearish gains after rejecting of the 0.6850 resistance area with a daily close. USD gained momentum as per the recent rate hike decision and optimistic future policies and now it is expected to gain further against NZD in the coming days. Recently, the New Zealand’s ANZ Business Confidence […]
The Bank of Japan concluded a two-day meeting with a decision on the base interest rate, leaving the current course of monetary policy unchanged, despite the increase in inflation risks. The interest rate on deposits of commercial banks was kept at minus 0.1%, which is in line with analysts’ forecasts. The target yield of ten-year […]
What did the Fed decide on December 19, 2018? Increasing the base interest rate by 25 basis points to the target range of 2.25% -2.50%, the Federal Open Market Committee of the US Federal Reserve commented on its decision and the current situation in the country. The Fed notes a vigorous upturn in economic activity […]
Yesterday, all market participants closely followed the Federal Reserve decision on interest rates, as well as statements that were made later during a press conference by Fed Chairman Jerome Powell. In general, the short-term market reaction to the purchase of the US dollar after the Fed’s decision was quite predictable, but demand is unlikely to […]
Wave counting analysis: During the trading on December 19, the GBP / USD pair lost about 30 bp, which, however, did not affect the current wave counting. A construction of at least a three-wave upward structure is still expected. However, an unsuccessful attempt to break through the 100.0% Fibonacci level already warns that the tool […]
Wave counting analysis: In the course of trading on Wednesday, the EUR / USD pair added another 15 bp despite coming close to the level of 38.2% on the senior Fibonacci grid. Thus, the estimated wave c, which is obtained rather complicated by the internal wave structure, continues its construction. A successful attempt to break […]
Wall Street started a sell-off and the SP500 lost 1.54% yesterday. Today, indices in Asia joined: Japanese Nikkei225 with falls of 2.84% and Chinese Shanghai Composite which drops 0.7%. Risk aversion and declining indices drive the strengthening of JPY – USD / JPY decreased to 111.90. The decision of the Bank of Japan went unnoticed […]
Today is a high probability of continuing the top job. Trend analysis (Fig. 1). On Thursday, it is possible to move up with the first target 1.1440 – the upper fractal. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis – […]
After a long consultation period, the British tax collection service has published its first detailed tax rules for citizens with cryptocurrencies. The new “Cryptoassets for Individuals” document identifies probable tax liabilities for private investors who buy, sell, earn and even lose cryptocurrencies. After months of uncertainty among UK taxpayers about what they must and do […]
To open long positions on GBP/USD it is required: Today, the Bank of England will decide on interest rates, which are likely to remain unchanged. You can expect to buy the pound only after a return and consolidation above the resistance of 1.2658, which will keep the upward momentum of the pound in the resistance […]
To open long positions on EURUSD you need: The Federal Reserve’s decision to raise interest rates to 2.5% in the US led to a strengthening of the US dollar in the afternoon. Today, buyers of the euro need to quickly return to the resistance level of 1.1407, the consolidation of which will lead to a […]
As we said in previous posts this is not the time be buying Gold. Gold price has most probably finished the entire leg higher from $1,196 and it is preparing for a pull back. Gold price however remains technically in a short-term bullish trend as long as price is above $1,233. Blue line- short-term trend […]
GBP/USD The British pound yesterday relatively calmly met the expected rate hike by the US central bank, the decline was 28 points, the stop occurred on the support of the balance lines and the Krusenstern on a four-hour scale. Today, the main event will be the announcement by the Bank of England of the decision […]
EUR/USD made another try yesterday to break above the 1.14-1.1430 resistance area but if failed once again. Price remains inside the range of 1.13-1.14 since November. The triangle scenario has been canceled as both the downward break and yesterday’s upward break were fake ones. Green line – bullish RSI divergence Yellow rectangles – range boundaries […]
Trend analysis (Fig. 1). On Thursday, an upward movement is possible with another attempt to break through 1.2673 – a rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – candlestick analysis is neutral; – trend analysis […]
EUR/USD The results of yesterday’s Federal Reserve meeting were expected by the market: the central bank raised the rate by a quarter point and announced two rate hikes next year instead of three, as previously expected. Jerome Powell fulfilled his task – he described in optimistic tones the results of the development of the American […]
AUD/USD On Wednesday, the Australian dollar lost 70 points, becoming the leader of the decline. Presumably, the local overbought end of November – the beginning of December continues to put psychological pressure on investors, forcing them to play on the decline at a stronger pace. But as you can see from the graph, the fall […]
When the European market opens, some economic data will be released such as Current Account. The US will also publish the economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair will move in a low to a medium volatility […]
In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will also publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low […]
In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will also publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low […]
In Asia, Japan will release the All Industries Activity m/m, Monetary Policy Statement, and BOJ Policy Rate. The US will also publish some economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So there is a probability that the USD/JPY pair will move with a low […]
4-hour timeframe The amplitude of the last 5 days (high-low): 195p – 77p – 137p – 79p – 96p. Average amplitude for the last 5 days: 117p (129p). If the euro is growing more or less confidently on the eve of the announcement of the results of the Fed meeting, then the pound sterling is […]
4-hour timeframe The amplitude of the last 5 days (high-low): 72p – 62p – 95p – 60p – 65p. Average amplitude for the last 5 days: 71p (77p). The EUR/USD currency pair on Wednesday, December 19, continues a moderate upward movement and reached the zone of 1.1420-1.1440, in which a downward turn is very likely. […]
There are only a few hours left before the announcement of the results of the Fed meeting but even now, among financial experts, there are ongoing debates about further actions by the regulator. Let us consider the main scenarios of this evening and the possible consequences for the US dollar. Scenario number 1. Most likely. […]
The neutral interest rate in the eurozone may be below zero while Inflation in the UK has declined. A report from ECB economists says that the fall in yields on US bonds puts pressure on the US dollar. The decline in the US bonds yields, as well as the narrowing of the yield spread between […]
The dollar has all the chances to grow if the Fed meets the market expectations. Such an opinion was voiced today by experts from CIBC World Markets in Tokyo. They also advise traders to be more careful with the USD/JPY pair. According to banking analysts, it is worth refraining from opening positions in this pair […]
The dollar is expected to slow down in anticipation of the Fed meeting, at which, as expected, a decision will be made to slow down the rate of increase in interest rates. Global markets subsided before the end of the Fed meeting, which will be the next starting point. The regulator should raise rates for […]
According to SP Angel, a commodity trading company, the coming year could be very good for gold. The positive outlook is explained by the potential actions of the US Federal Reserve System (FRS), which may be limited to two increases in interest rates. SP Angel experts believe that inflation may increase in the United States […]
In the current quarter, gold has risen in price by almost 5%, reaching its highest marks in the last five months. The increase in the value of the yellow precious metal is due primarily to increased volatility in the stock, bond and commodity markets. In such conditions, investors tend to rush into safe assets. In […]
