Buyers are trying to return the euro to the range and disrupt the trend. Perhaps they will succeed. The main event will be the Fed’s monetary policy decision on Wednesday at 18:00 London time – if the statement indicates an acceleration in economic growth – this could give a new impetus to the dollar growth. […]

To open long positions on GBP / USD you need: In the morning, pound buyers need to consolidate above the resistance of 1.2946. Only after that can we expect the resumption of an upward correction with an update of targets in the area of 1.2983 and 1.3017, where I recommend to lock in the profit. […]

Solid US growth and muted inflation boosts US dollar and Wall Street But other majors sag as disappointing Chinese PMIs revive growth fears Fed to start two-day monetary policy meeting, unlikely to alter stance Dollar eases from 22-month high but remains supported ahead of FOMC meeting The US currency was outperforming its peers early on […]

We would like to inform you that due to several public holidays, all of which take place in May, the trading hours of various instruments will be affected between 3 and 30th May 2019. Please view the tables below to see which instruments will be affected and how: Instrument 03/05 06/05 POL20Cash Closed Normal Hours […]

EURUSD tumbled into the 1.11 region on Friday for the first time after almost two years, stretching further its long-term downward pattern. While Monday’s bounce justified oversold signals by the Stochastic indicator, the weakness in the RSI, which continues to hover below 50, and the negative slope in the Ichimoku indicators (red Tenkan-sen and blue Kijun-sen) […]

Trend analysis (Fig. 1). On Tuesday, technical analysis demonstrates the continuation of the upward movement. The first upper target of 1.2988 is the pullback level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; – volumes – up; – […]

On Monday, the market, moving up, almost reached the pullback level of 38.2% (yellow dotted line). On Tuesday, strong calendar news comes out at 10.55 and 17.00 Moscow time. Today, after reaching the rollback level of 38.2% (yellow dotted line) – 1.1193, a pullback is possible, but only a pullback, and so the upward trend […]

To open long positions on EURUSD you need: Yesterday, buyers coped with the task and consolidated above the level of 1.1174, to which I paid attention in my review. At the moment, the goal is a resistance of 1.1203, but everything will depend on the eurozone data that will be released today in the morning. […]

For the last trading day, the currency pair pound / dollar showed an extremely low volatility of 41 points, where the quotation, strictly speaking, stood still. From the point of view of technical analysis, we have a correctional phase from the value of 1.2865, where over the past day, the quotation cutting slowed down the […]

Crypto Industry News: The British car maker Jaguar Land Rover will use the IOTA Blockchain network to reward cryptocurrency drivers for sharing data, confirmed the company in a press release. As part of a plan to gather better information on road conditions and vehicle performance, Jaguar will distribute IOTA Tokens for smart wallets related to […]

Crypto Industry News: Taiwanese giant from the consumer electronics industry, HTC, revealed plans to launch a second-generation smartphone based on Blockchain technology before the end of 2019. According to the head of the decentralized HTC Phil Chen, this move aims to increase sales of smartphones and expand the company’s Blockchain ecosystem. As previously reported, HTC […]

Technical Market Overview: The GBP/USD pair has bounced finally from the level of 1.2866 and is trading inside the supply zone located between the levels of 1.2938 – 1.2960. This is an important technical resistance zone and any breakout through this zone would extend the rally towards the level of 1.2977, 1.2996 or 1.3012. The […]

Morning Report: 07.00 London The Japanese yen is in demand today on the day of the Emperor’s abdication. This comes after Chinese Manufacturing PMI and Chinese Caicin Manufacturing PMI both slumped below expectations, raising fears of a global economic slowdown. The USD/JPY is reversing yesterday’s losses and is sitting below the 111.50 level. The EUR/JPY […]

AUD/USD Today, the Australian dollar went down ahead of the market. The reason was the weak data on the Chinese PMI. Manufacturing PMI in April fell from 50.5 to 50.1 against an expected growth to 50.7, Non-Manufacturing PMI fell from 54.8 to 54.3. According to the company Caixin, production PMI was 50.2 against 50.8 previously. […]

Yesterday, EUR/JPY tested short-term important resistance at 125.17, but failed to break above. This keeps the corrective decline alive and continues to call for a final dip into the 123.85 – 124.05 area to complete the wave ii and set the stage for a new impulsive upward rally through 126.85 towards 129.35. Only a direct […]

When the European market opens, some economic data will be released such as Italian Prelim GDP q/q, Italian 10-y Bond Auction, Unemployment Rate, Italian Prelim CPI m/m, Prelim Flash GDP q/q, Italian Monthly Unemployment Rate, German Unemployment Change, German Prelim CPI m/m, Spanish Flash CPI y/y, Spanish Flash GDP q/q, French Prelim CPI m/m, French […]

In Asia, Japan will not release any economic data today, while the US will publish some economic data such as Pending Home Sales m/m, CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, and Employment Cost Index q/q. So there is a probability the USD/JPY pair will move with low to medium volatility during this […]

FXTM Research Analyst, Lukman Otunuga, rounds up all the key market events for this week and pinpoints what traders might look out for ahead, including: • Markets remain cautiously optimistic over US-China trade talks • Federal Reserve and Bank of England meetings in focus • All eyes on US jobs data For more Market Analysis […]

Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well. Entry : 1.1190 Why it’s good : horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.1225 Why it’s good : horizontal […]

Price is approaching a key resistance at 0.6719 where it could potentially reverse to its support. Entry : 0.6719 Why it’s good : horizontal pullback support, 38.2% fibonacci retracement, 61.8% fibonacci extension Stop Loss : 0.67772 Why it’s good : 50% Fibonacci retracement Take Profit : 0.6639 Why it’s good : 61.8% fibonacci retracement The […]

On the first trading day of the week, the euro-dollar pair continued to drift around the middle of the 11th figure. Both the bulls and the bears of the pair could not win over the majority of market participants – the controversial US data has once again messed things up. By and large, the situation […]

After reaching almost two-year highs, the US currency’s rise has stopped. Apparently, the greenback took a wait-and-see position on the threshold of two key events of the current week. On Wednesday, the next meeting of the Federal Reserve System (FRS) of the United States is to be held, and a report on the US labor […]

4-hour timeframe The amplitude of the last 5 days (high-low): 27p – 69p – 84p – 45p – 63p. Average amplitude for the last 5 days: 58p (45p). The first trading day of the week was very predictable. The volatility is minimal, there is no intraday trend, the correction is maintained. In the morning we […]

4-hour timeframe The amplitude of the last 5 days (high-low): 23p – 91p – 76p – 51p – 69p. Average amplitude for the last 5 days: 62p (54p). On Monday, April 29, the British pound sterling continues to adjust, but there is low volatility again, not more than 40 points during the day. Two price […]

Last week, the Canadian dollar fell against a basket of major currencies, responding to the dovish results of the Bank of Canada’s April meeting. The USD/CAD pair followed the general trend and rose to an annual high of 1.3520. But the upward impulse turned out to be short-term – on Friday, the loonie settled within […]