Recently, Gold has been trading sideways at the price of $1,236.90. According to the H4 time – frame, I have found that Gold is in consolidation phase and my advice is to watch potential breakout of the resistance $1,239.50 to confirm further upward continuation. I have placed Fibonacci expansion to find potential upward target and […]
To open long positions on the GBP / USD pair, you need: Pound buyers will try to keep support around 1.2782 today, which will be the first signal to open long positions based on the upward correction, suggesting itself for quite some time. However, the main task will be the breakdown and consolidation above the […]
EUR / USD pair Yesterday’s ECB meeting brought no surprises. The regulator confirmed that the nearest rate increase will not be until the summer of next year, and Italy’s current budget problems are Italy’s own problems. Also, the ECB Head Mario Draghi drew attention to the Brexit issue. The Ifo business sentiment index in Germany […]
EUR/USD as expected back tested the previous support now resistance area of 1.1430-1.1450 and got rejected. Prices made a new lower low at 1.1355. We have the first divergence signs in the 4-hour chart. Red rectangle – resistance area Orange dots – medium strength resistance Red dots – maximum strength resistance EUR/USD continues to make […]
Thursday’s session on Wall Street brought a recovery from Nasdaq, growing at 3.35%, and the SP500 returned above 270 points (+1.86%). But investors in Asia have not decided to continue to grow in concerns about the weakening of global growth indicated as the main reason. Japanese Nikkei225 drops 0.9% today, while Chinese Shanghai Composite loses […]
The European Central Bank left interest rate unchanged at the level of 0.00% as expected. ECB President Mario Draghi provided some interesting assessment during the press conference. He said, he wanted to stress that the ECB sees a weaker rush of recovery, but this is not a slowdown. He draws attention to the increase in […]
The global stock market is filled with a wave of sales, and the snowball effect is captivating everyone who is not alien to high-valued quotes, passing the summit in revenue dynamics, higher interest rates, the effects of the US-China trade war or weakening business climate indicators in Europe. The collapse of the stock market erased […]
In the official Tether post, the publisher of USDT stablecoin, he said he “bought a large number of” tokens in circulation, and that he would destroy 500 million USDT from the Tether treasury. According to the company, this will leave $ 446 million in the company’s vault, in preparation for future USDT issues – which […]
Today, the European currency showed increased volatility in response to the results of the October meeting of the ECB. On the eve of this meeting, or rather a few hours before it, the euro-dollar pair suddenly returned to the 14th figure. The reason for this movement was market rumors, according to which the European Central […]
The euro remained motionless after the European Central Bank left monetary policy unchanged. All the attention of traders was focused on the press conference, which took place a little later on. The ECB’s decision According to the data, the European Central Bank left the refinancing rate unchanged at 0.0%, while the deposit rate also remained […]
The Canadian dollar significantly strengthened its position against the US dollar after the Canadian regulator decided to raise interest rates. The Bank of Canada According to the data, the Bank of Canada raised the key interest rate by 25 basis points to 1.75%, indicating the confidence of the central bank in the prospects of the […]
The market is waiting for the ECB – and the trend. THe big picture: Focus on the ECB. On Wednesday late at night, the Federal Reserve released a report on the state of the US economy “Beige book”. The economy continues to grow in all regions of the United States, from weak to moderate. The […]
4-hour timeframe The amplitude of the last 5 days (high-low): 78 p – 102 p – 94 p – 55 p – 98 p. The average amplitude for the last 5 days: 85 p (83 p). The fourth trading day of the week for the EUR/USD pair was completely calm. On the eve of the […]
EUR/USD At the end of Wednesday, the euro lost 79 points. During the day, the single currency came under the pressure due to weak PMI, in the evening the collapse of the US stock market increased the flight of investors from risk. The S&P 500 broad market index lost -3.09%, the yield on 5-year US […]
GBP/USD Yesterday, the British pound fell by 102 points, but not on good data on the US economy, as we expected in yesterday’s review, but on the contrary, due to the collapse of the stock market; S&P 500 lost -3,09%, Nasdaq -4,43%. Sales of new homes in the US in September fell from 585,000 to […]
USD/JPY Yesterday, the yen once again tried to overcome the resistance of the price channel, or rather, the embedded line in the price channel and also the indicator trend line of the Krusenstern, which unfolds down near this graphical trend line. The collapse of the US stock market by more than 3% did not leave […]
The upcoming elections in the United States cannot only spoil the health of the dollar, but also throw it off the pedestal. On Wednesday, the US currency peaked from the beginning of the year, while the dollar index tested resistance at 96.5. The main pair EUR / USD reached 1.1380, quite a bit left to […]
Leading analysts are eager to predict how the oil market will behave in the near future. Recall the cost of Brent crude oil fell below $ 77 per barrel. However, experts believe that this is not the limit. Significant impact on oil prices had large-scale sales in the stock market, as a result of which […]
The European Central Bank seems to keep its policy unchanged on Thursday, but most likely admits that growth prospects are worsening. The ECB will confirm that its asset purchase program will end this year, but will also note that the uncertainty in the eurozone is intensifying against the background of political problems. Such a message […]
In the past two days, gold has been trading near maximums for the first time since mid-July. Currently, the precious metal rate is growing largely due to the correction in stock markets. Today, many experts are interested in the question of how the situation will develop further. “Gold usually rises in price during a correction […]
At the end of the next meeting of the European Central Bank (ECB), the regulator kept the base rate for loans unchanged at a record low of 0.0%. The rate on deposits was left at minus 0.4% per annum, the rate on margin loans – 0.25%. The actions of the regulator fully coincided with the […]
To open long positions on GBP / USD, you need: The situation did not change by the afternoon. It is best to return to long positions in the pound by updating the next monthly lows. Formation of a false breakdown in the support area of 1.2872 with confirmation of divergence on the MACD indicator will […]
To open long positions on EUR / USD, you need: The ECB left rates unchanged, which did not lead to significant changes in the market compared with the morning forecast, which is relevant for the second half of the day. It is best to return to purchases when a false breakdown is formed in the […]
The Japanese yen and the Swiss franc showed a slight increase, as the majority of currency traders responded to the wave of sales in the stock markets. The offshore yuan dropped to a 22-month low, amid fears of a slowdown in economic growth. The euro recovered from 2-month lows ahead of the meeting of the […]
According to experts, the collapse in the Canadian oil market, which began in late September 2018, continued this month. At the moment, Canadian oil producers sell black gold at $ 40-50 per barrel less than their counterparts from the United States. Experts remind that, although Canadian oil is usually traded at a discount to the […]
On Thursday, October 25, the Japanese currency rises in price against the US in connection with sales in global stock markets. According to experts, this situation contributes to the growth in demand for more reliable assets, to which market participants refer to the yen. The rate of the American currency in relation to the Japanese […]
On the eve of the US stock market, the second collapse occurred last week. Stock indices have gone negative since the beginning of the year, having an updated local minimum. All this is observed against the background of strengthening the position of the American currency. The dollar index to the basket of six major currencies […]
Wave counting analysis: During the October 24 trading session, the GBP / USD currency pair lost about 100 basis points and struck a minimum of October 4. Thus, the entire wave counting has undergone certain changes and has become more complex. If the new wave marking is correct, then the wave c can continue its […]
Wave counting analysis: During the trading on Wednesday, the EUR / USD currency pair lost about 80 basis points and thus continued the construction of the estimated wave 3, c, of the downward trend. If this is true, then the decrease in quotations will continue with targets located near the level of 1.1327, which corresponds […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – down. Moving average (20; smoothed) – down. CCI: -117.1490 The GBP / USD currency pair continues its steady downward movement. The pair completed the Murray level of “3/8” – 1.2878 and could not overcome it the […]
