Uncertainty in financial markets has led to a marked increase in volatility, which affects all financial markets without exception. The factors influencing this are still strong and significant. These influential factors include the continuation of the interest rate increase by the US Federal Reserve, the trade conflict between Washington and Beijing, as well as the […]
Dear colleagues. For the Euro / Dollar currency pair, the price is in the area of the initial conditions for the downward movement of October 16 and we expect the continuation of the downward movement after the breakdown of 1.1475. For the currency pair Pound / Dollar, the price is in the correction zone and […]
EUR / USD pair As expected, investors began to take profits on Friday in order to rest with peace of mind at the weekend and look more closely at the strategies of the new week. The economic data is quite consistent with such plans. The eurozone’s balance of payments in the August estimate was 23.9 […]
AUD / USD pair In general, difficulties with the Australian dollar with the market decline are associated with a very strong support for the trend line of the daily price channel, as it turned out. For seven sessions, the price cannot move below it. This morning, the “Australian” once again tried to hit her but […]
After testing the support line of 1.1438 (white thin line) on the weekly chart, the price went up on Friday and this week, the upward movement will continue (the third point of contact of the support line gives a high probability of top work). Trend analysis (Fig. 1). To continue the upward trend, the price […]
Over the past week, the pair has formed a medium-term accumulation zone within the main support of the NKZ 1/2. While the instrument is trading above the level of 0.7091, the upward movement remains a priority in the medium term. At the end of last week, the pair twice tested the main zone of support […]
The pair continues to trade in a descending medium-term impulse. Friday’s upward movement did not disrupt its structure, which indicates a high probability of a further fall. At the beginning of the current week, the pair is trading within the framework of the correctional upward movement, since the growth of the pair did not exceed […]
Gold price continues to move sideways. Price might be forming a triangle pattern. Gold price remains above the break out area and should continue higher this week targeting $1,250-60. Any pullback towards $1,210-15 is seen as a buying opportunity. Green lines – triangle pattern Black rectangle – support area Gold price has short-term support at […]
4-hour timeframe The amplitude of the last 5 days (high-low): 98 p-95 p-93 p-116 p-93 p. The average amplitude for the last 5 days: 99 p (103 p). The British pound sterling was in a downward rally for the past trading week. In the first half of the week, traders did not expect any new […]
EUR/USD made a double bottom at 1.1430 and is now back above 1.15 exactly what bulls wanted. Price should continue higher in the short-term towards 1.1660. A rejection at that level will be decisive for the medium-term trend. As long as price is below 1.1810 we remain bearish. Green line – resistance Red line – […]
4-hour timeframe The amplitude of the last 5 days (high-low): 67 p-55 p-85 p-78 p-102 p. The average amplitude for the last 5 days: 77 p (72 p). Most of the trading week, the European currency became cheaper against the US dollar. It was caused by the fact that traders stopped expecting any progress in […]
According to the head of the Central Bank of the Russian Federation, the cryptocurrency fever begins to fade and investors’ excitement is getting smaller. As reported by the Russian news agency, speaking at the FINOPOLIS innovative financial technologies forum in Sochi, Elvira Nabiullina admitted that in her opinion cryptocurrency and blockchain technology are now treated […]
The market is easily replaced by changes of direction, which emphasizes the low confidence of trade and how fragile are the foundations of an emerging trend. Discussions revolve around old topics – China and trade, Italy, Brexit – in the face of which doubts appear in the markets, whether we have not gone too far. […]
The global regulator responsible for counteracting money laundering has announced that it will start publishing rules on international regulation of cryptocurrencies by the next summer. According to report, the Financial Action Task Force on Money Laundering (FATF) – a French intergovernmental organization founded in 1989 to develop anti-money laundering policy – said legal systems around […]
EUR/NZD dipped to 1.7356 (just below our possible downside target at 1.7357). We will now be looking for a break above the resistance-line near 1.7495, and more importantly, a break above the resistance at 1.7557 to confirm that the red wave ii/ has completed and the red wave iii/ towards 1.8345 is developing. Support is […]
Important support at 127.86 has remained untouched and EUR/JPY is now trying to break above the resistance-line from 133.12. A clear break above this resistance-line is the first good indication that the blue wave (2) has completed and the blue wave (3) is taking over for a rally towards 138.10. A break above the resistance […]
When the European market opens, some Economic Data will be released such as German Buba Monthly Report. Today, the US will not release any Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1566. Strong Resistance: 1.1559. Original Resistance: 1.1548. Inner […]
In Asia, Japan will release the All Industries Activity m/m report today. The US will not release any Economic Data. So there is a probability that the USD/JPY pair will move with a low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.08. Resistance. 2: 112.86. Resistance. 1: 112.64. Support. 1: 112.37. Support. […]
Under pressure, the Chinese yuan will drop below the psychologically important $ 7 a bit later this year or in 2019. This will provoke a further decline in the currency, which the US will not like and will cause a new wave of criticism from their side. The US Treasury said it would continue to […]
This week, the dollar-yen pair traded in the 100-point range, but in the end, it completes the five-day trading session almost at the opening positions. Despite the growth of core inflation in Japan, the yen remained under pressure from the US currency, jumping to the middle of the 112th figure. The external fundamental background is […]
Analysts at US investment bank JPMorgan Chase once again calculated the risk of a recession in the United States. According to experts, the likelihood that in the next two to three years, the US economy could plunge into recession, exceeds 50%. “According to our estimates, the risk of a recession, or an economic downturn in […]
It cost the Federal Reserve to show that it is not going to be led by Donald Trump and is ready at any time to accelerate the process of normalizing monetary policy, as investors turned to the US dollar. According to Randal Quarles, vice-president of the Fed for Supervision, the Central Bank should not pay […]
To open long positions on EUR / USD, you need: The buyers managed to keep the support level of 1.1434, which I paid attention to in my morning review, which led to profit taking and an upward correction in euro. Return and consolidation above the resistance level of 1.1456 is a good signal to buy […]
An indicator fixing the level of economic growth in China disappointed analysts, although it remained within the official forecast. According to the report of the State Statistics Committee of the People’s Republic of China, in the second and third quarters of this year, the country’s GDP growth rate was 6.5% in annual terms. In the […]
The focus of the market is Italian problems again. The fall of the euro could be much more serious than previously expected. Brussels took the first formal step, sent a letter with warnings to Rome. Further, there will probably be a rejection of the draft budget and a fine. The loss of the euro from […]
The yield on two-year US government bonds rose to a maximum in 10 years after the publication of the hawkish protocol of the September meeting of the US Federal Reserve. The published minutes of the last meeting of officials of the US Central Bank indicated a high likelihood of further interest rate increases. Perhaps, once […]
Pessimism regarding global economic outlook has intensified among investors amid growing trade contradictions and expectations that the US Federal Reserve will continue its course aimed at tightening monetary policy, despite the turmoil in stock markets. This is evidenced by the results of a survey conducted recently by the Bank of America Merrill Lynch (BAML) among […]
The dollar continues its victorious march, and yesterday, it was not the Brexit negotiations that supported it, but macroeconomic statistics and statements about the monetary policy of the Federal Reserve System. So, the worst result for the day showed a pound, but not because of uncertainty about the trade agreement with the European Union, but […]
Wave counting analysis: During the trading on October 18, the GBP / USD currency pair lost another 90 basis points more and, thus, continues to build the expected wave 2, in the future 5. However, the news background after the completion of the Brexit negotiations is clearly not in favor of the British pound sterling, […]
Wave counting analysis: In the course of trading on Thursday, the EUR / USD currency pair lost about 50 basis points. Thus, the pair is supposedly continuing to build wave c. If this is indeed the case, the decline in quotations will continue with targets located near the calculated levels of 127.2% and 161.8% on […]
