Gold price is bouncing towards $1,280-$1,300 area as expected and as we noted in our previous analysis. The bullish divergence signs are playing out but bulls need to be very cautious and not get overconfident. Trend remains bearish as long as price is below $1,300. Blue lines – bullish divergence Red line – major resistance […]

Dear colleagues. For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the breakdown of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the development of the downward structure of April 23 is expected after the passage of the range of 1.2891 – 1.2870. […]

Dear colleagues. For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the breakdown of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the development of the downward structure of April 23 is expected after the passage of the range of 1.2891 – 1.2870. […]

Morning Report: 07.00 London The Japanese yen is giving back ground won over the last few days this morning. The USD/ JPY is back on the rise after reversing below 112.00 yesterday. Other yen pairs are on the rise, with the AUD/JPY reversing half of yesterday’s losses. The EUR/JPY struggled against heavy selling yesterday and […]

EUR/USD Yesterday, the US showed positive data on durable-goods orders in March, the index increased by 2.7% against expectations of 0.7% and a -1.1% drop in February (revised from -1.6%). The stock market reacted poorly to the data, as it felt mixed feelings from the disappointing reports of companies, but the yield of government bonds […]

GBP/USD The British pound fell by 5 points on Thursday. The retail sales data for April helped it withstand pressure from the dollar, according to the CBI, the balance of which increased from -18 to 13 while waiting for 0. On the daily chart, the price continues to decline as the marlin oscillator signal line […]

Crypto Industry News: The US Securities and Exchange Commission (SEC) and the Term Contract Commission (CFTC) have jointly issued a warning to investors about fake websites allegedly engaged in consulting and trading. The warning states that employees of both agencies have recently observed false investment projects related to cryptography, in which scammers advertise “cryptocurrency consulting […]

Technical Market Overview: The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 – 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance […]

Technical Market Overview: The GBP/USD pair has made another lower low at the level of 1.2866 on its way down. This move lower has ended up with a Hammer candlestick pattern, so we have the first indication, that the move down might be reversing from the current levels. The extremely oversold market conditions support the […]

https://pepperstone.com/en/forex-news/market-review -AUD and NZD post modest gains -The dollar gains vs MXN but weakens against BRL -The rand rallies but is well down on the week -Japanese industrial production data disappoints -US Q1 19 GDP is the calendar highlight -Have Intel and the Sox index called the top of the market? The overnight changes and […]

AUD/USD The Australian dollar successfully reached the first target level of 0.7002, after which on the four-hour chart the signal line of the marlin oscillator sharply went up for its own discharge. This pattern – the rapid growth of the indicator with a weak price movement warns of the imminent resumption of the previous movement […]

When the European market opens, some economic data will be released such as Italian 10-y Bond Auction. The US will also publish the economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Advance GDP Price Index q/q, and Advance GDP q/q, so amid the reports, the EUR/USD pair will move with low […]

In Asia, Japan will release the Housing Starts y/y, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPIy/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Advance GDP Price Index q/q, and Advance GDP q/q. So there is a probability […]

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 : 1282.78 Why it’s good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1288.97 Why it’s good : horizontal pullback […]

Price bounced off its support 82.67 where we expect it to rise further to its resistance at 83.49. Stochastic has bounced off near its support as well. A bullish divergence with price has been identified, which adds to our bullish bias. Entry : 82.18 Why it’s good : horizontal overlap support, l61.8% fibonacci retracement, 61.8% […]

Price is approaching our first resistance where we are expecting a drop below this level. Entry : 15.09 Why it’s good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension Stop Loss : 15.20 Why it’s good : 76.4% fibonacci retracement Take Profit : 14.78 Why it’s good : horizontal overlap support, 61.8% […]

Minute ( h4 ) Euro vs US Dollar Index Previous Review from 04/19/2019 19:58 UTC + 3. ____________________ movement of the single European currency by EUR / USD c April 26, 2019 is due to perfecting the boundaries channel of the the Median Line 1/2 ( 1.1135 1.1160 1.1180 ) Fork Operational scale Minuette . […]

Minute (h4) Great Britain pound vs US dollar Previous Review from 04/19/2019 19:44 UTC + 3. ____________________ Since April 26, 2019, the development of Her Majesty’s currency movement , i.e. GBP / USD currency pair, will continue within the equilibrium zone ( 1.2920 1.2835 1.2745 ) of the forked operating scale Minute. The marking of […]

UBS Global Wealth Management experts believe that whoever replaces Mario Draghi as the ECB president will cause a rise in the euro. Moreover, if some candidates are appointed to this position, a rally of the single European currency may follow. “Any replacement of the current chairman of the ECB, whose eight-year term of office expires […]

The US dollar confidently passes multi-months highs. Thus, it challenges analysts who predicted the US currency’s fall this year due to a change in the Fed’s rhetoric on interest rates. The euro suffers from the absence of signs of a recovery in the eurozone economy, while it was predicted that it would take off. Bets […]

The correction of world stock indices allowed gold bulls to take a breather. In April, the precious metal went into deaf defense against the background of new S&P 500 records and the rise of the USD index to the area of 23-month highs. Stocks of the largest specialized stock exchange SPDR Gold Shares fell to […]

The correction of world stock indices allowed gold bulls to take a breather. In April, the precious metal went into deaf defense against the background of new S&P 500 records and the rise of the USD index to the area of 23-month highs. Stocks of the largest specialized stock exchange SPDR Gold Shares fell to […]

4-hour timeframe The amplitude of the last 5 days (high-low): 74p – 29p – 23p – 91p – 76p. Average amplitude for the last 5 days: 59p (51p). On Thursday, April 25, the British pound sterling completed the support level of S2 – 1.2888, but is unlikely to stop there. Most likely, the British currency […]

4-hour timeframe The amplitude of the last 5 days (high-low): 78p – 19p – 27p – 69p – 84p. Average amplitude for the last 5 days: 55p (48p). As we expected in the morning review, macroeconomic events have little effect on the currency pair. For example, today, the US dollar continued to rise in price […]

The US currency shows growth throughout the market for the second day in a row. With rare exceptions (for example, USD/JPY), the greenback dominates in all dollar pairs, and for the first time since May 2017, the dollar index tested the area with 98 points. The euro-dollar pair also set a kind of price record, […]