EUR/USD On Friday, the US labor data came out good, but the market’s reaction to them as an indicator of investor sentiment towards the upcoming vote of the British parliament on the May-EU deal, which we talked about in the last review, didn’t become indicative, as Fed representatives Brainard spoke at the end of the […]
When the European market opens, some economic data will be released such as Sentix Investor Confidence, Italian Industrial Production m/m, German Trade Balance. The US will publish the economic data too such as JOLTS Job Openings, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. […]
In Asia, Japan will release the Economy Watchers Sentiment, Final GDPq/q, Final GDP Price Index y/y, Current Account, Bank Lending y/y and the US will publish some economic data such as JOLTS Job Openings. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day. […]
How much rope does not curl, and the end is always one. After a report on US employment in November, it became clear that the US dollar rally had come to an end. If someone hoped that, thanks to strong statistics, the heyday of the economy would be extended, then a slower growth in average […]
Traders said the Federal Reserve Fund would need to slow down the rate of rate hikes next year after a government report showed that employers hired fewer employees in November than expected. Added just 155,000 jobs last month, significantly less than the expected 200,000, this further exacerbates growing doubts in financial markets that the Fed […]
The dollar began to fail and will end the week with a fall. The alarming comments by the head of the Fed, the inversion of the yield curve of US government bonds, and now also the slowdown in the growth of employment and monthly wages. New data suggest a decline in economic activity, which may […]
Iranian Oil Minister Thamer Al-Ghadban told reporters that the Organization of Petroleum Exporting Countries (OPEC), after many hours of negotiations, agreed to further reduce world oil production by 1.2 million barrels per day during the first half of 2019. In April of the next year, the terms of the deal are revised. According to Al-Ghadban, […]
The level of consumer prices in November in Brazil fell by 0.21% compared with the previous month, to a maximum of 1.5 years, while analysts predicted a decline of only 0.09%. The rate of inflation in annual terms last month decreased from 4.56% to 4.05%. Experts believe that the deflationary trend will continue, and by […]
Today, all investors’ attention will be paid to the release of data on employment in the US economy for the month of November. The ADP company’s private-sector employment data released on Thursday were weaker than expected, which probably led some investors to believe that the Fed may even pause in raising interest rates at the […]
Weak data on the eurozone economy, which came out in the first half of the day, especially for industrial production in Germany, did not affect the quotes of the European currency, which continued to trade sideways in tandem with the US dollar in anticipation of an important report on the number of people employed in […]
The foreign exchange market on the eve fought off information negatives USD / JPY fell to the new monthly minimum, and the stock market went down, US assets suffered the most. Earlier this week, no one could have imagined that US indices would test October lows. So, the Dow Industrial Average lost more than 750 […]
Trading recommendations: According to the M15 time – frame, I found that BTC has been trading downwards. The price tested the level of $3.263. I also found that BTC is trading in the consolidation channel (a bearish flag), which is a potential re-distribution zone for more downside movement. My advice is to watch for a […]
Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3444. Anyway, according to the H4 time – frame, I have found that price went above the Keltner upper band (overbought conditions) and then it moved back inside the Keltner channel, which is a sign that buying looks risky. I have […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.2765. According to the M15 time – frame, I found out that price is trading above the daily pivot (1.2764), which is a sign that selling looks risky. I also found on the point and figure chart that there is a triple top […]
To open long positions on the GBP / USD pair, you need: The situation on the pound has not changed much. The formation of a false breakdown in the area of 1.2752 led to a return in demand for the pound. However, the main task is to break through and fix above 1.2798 resistance, which […]
To open long positions on EUR / USD pair, you need: There are no serious new data, and the Eurozone GDP report did not lead to a change in the market situation. Traders paused before an important report on the number of people employed outside the agricultural sector. Buying requires the formation of a false […]
Bitcoin market has taken another strong downturn recently, leading the price to reside below $3,500 area quite impulsively. Bitcoin pushed downwards around 11% on the daily chart which was expected to push towards $4,000 and above recently as per recent fluctuations at the $3,500 support area. The market sentiment is currently quite bearish with Bitcoin. […]
The two largest US regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are concerned about the possible negative consequences of the exit of Britain from the European Union, which may affect the global financial market. The SEC and CFTC called for the United Kingdom and the EU to ensure […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
NZD/USD has been quite bearish recently after opening the market with a gap this week. The pair is trading lower below 0.69 with a daily close. Ahead of NFP reports, USD is currently quite indecisive whereas NZD is struggling for gains amid the recent economic reports. This may lead to downward momentum. Recently New Zealand […]
On October 30, the GBP/USD pair looked oversold around the lower limit of the H4 channel around 1.2700 where profitable BUY entries were suggested. A quick bullish movement was demonstrated towards the price level of 1.3170-1.3200 where another descending high around the depicted downtrend was established. This initiated the current bearish pullback towards the depicted […]
Such a feeling that market participants looked only at ADP data on employment yesterday, which actually turned out to be worse than forecast and made far-reaching conclusions regarding the content of the report of the Ministry of Labor published today. The fact is that employment increased by 179 thousand while the forecast was 195 thousand, […]
The Australian dollar is actively cheaper for the fourth day in a row, having lost more than 150 points. Optimism about a possible truce between China and the United States has been replaced by pessimism about the growth of the Australian economy. The latest data on the growth of the country’s GDP disappointed traders , […]
According to the US Department of Energy, for the first time in 75 years, the country has acquired the status of net exporter of oil and oil products. Recall that a net exporter is called a state where more products, goods and services are exported abroad than it enters the country. In the United States, […]
Wave counting analysis: During the bidding on December 6, the GBP / USD pair added 50 bp, but remains within the framework of the construction of the proposed wave a of the new corrective set of waves. Wave and can complete its construction at any time. On December 11, a vote will be held in […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD pair gained several dozen points and thus remained within the framework of the construction of the proposed wave from the corrective trend section. The wave takes a very complex and unusual look. This is due to the expectation of a market […]
Gold price has made a new higher high yesterday but price is still stuck around the 38% Fibonacci retracement level. Price is challenging the short-term bullish channel. Trend remains bullish but a break below $1,220 would bring bears back in the game. Purple lines – bullish channel Green line – major trend line support Blue […]
EUR/USD continues to trade near the upper triangle boundary resistance at 1.1380-1.14. Short-term trend remains neutral as long as price remains inside the triangle pattern. Red lines – triangle pattern EUR/USD has resistance at 1.1380-1.14 and support at 1.12 on a daily chart. Shorter-term support is found at 1.1310. If this level is broken, we […]
Trading Plan 12/07/2018. The big picture: There is no clarity with the direction yet. Important news about the USA has been released – Fed Report “Beige Book” and ADP Employment Report for November. But so far the market has not received directions. Ahead, of course,- the vote of the EU-Britain agreement in the British Parliament […]
Large scale graphics: This year, the main vector of the price movement of gold sets the downward trend. The wave is not complete. In the recent months, the oncoming wave of correction has been developing in its framework. The estimated completion area is in the potential large-scale reversal zone. Forecast and recommendations: In the coming […]
