USD/JPY has been in a bullish non-volatile trend since the bounce off from 114.00-50 resistance area. Today, JPY had positive economic report of PPI which came in at 2.1% instead of the expected 1.8% gain. Prelim Machine Tool Orders also showed an increased figure at 34.7% which previously was at 22.8%. On the other hand, […]

GOLD price as expected has bounced off the $1,210-20 support area and is breaking out of the bearish channel. Price could make a pullback early this week and provide a double bottom but overall I’m pretty confident the bounce towards $1,250-60 has started. Blue lines – bearish channel Gold price is trading below the 4-hour […]

EUR/USD aroused the interest of bulls on Friday after bouncing off from 1.0850 support level. EUR is currently stronger than USD in light of negative US CPI and Retail Sales reports published on Friday. Today, no economic reports are due in the eurozone, but on the USD side Empire State Manufacturing Index is expected to […]

Wave summary: The corrective decline in wave [ii] could have completed with the test of 1.5796 and if this is the case, then we should soon seen a strong rally beyond 1.6020 towards 1.6655. That said, we have to take into consideration that the correction in wave [ii] will need a little longer to unfold […]

Wave summary: EUR/JPY failed to move below minor support seen at 123.29, which indicates that a triangle consolidation could be unfolding as wave B. If this is the case, then we should see a move slightly higher to 124.25 before a final decline in wave e of B to near 123.46 from where the next […]

EUR/USD: The EUR/USD pair did not move significantly last week. The support line at 1.0850 has been tested, as price closed above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a movement below the support line at 1.0700 would result in […]

In Asia, Japan will release the Prelim Machine Tool Orders y/y and PPI y/y. On the dollar’s front, the US will release some economic reports as well such as TIC Long-Term Purchases, NAHB Housing Market Index, and Empire State Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium […]

Overview: The EUR/USD pair continues to move upwards from the level of 1.0881. Last week, the pair rose from the level of 1.0881 (the level of 1.0881 coincides with a ratio of 23.6% Fibonacci retracement) to a top around 1.0930. Today, the first support level is seen at 1.0881 followed by 1.0838, while daily resistance […]

Overview: The GBP/USD pair faced strong resistance at the level of 1.2973 because the double top is set around the spot of 1.2986. So, the strong resistance has already formed at the level of 1.2973 and the pair is likely to try to approach it in order to test it again. However, if the pair […]

Boris and Kathy Forex Weekly – 15/5/2017 – Majors There’s a serious misalignment between U.S. data, market expectations and Fed speak. Friday’s U.S. economic reports raise questions about the possibility of a rate hike in June. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: https://pepperstone.com/ […]

Boris and Kathy Forex Weekly – 15/5/2017 – Commodity Dollars There’s a serious misalignment between U.S. data, market expectations and Fed speak. Friday’s U.S. economic reports raise questions about the possibility of a rate hike in June. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: […]

Boris and Kathy Forex Weekly – 15/5/2017 – Crosses There’s a serious misalignment between U.S. data, market expectations and Fed speak. Friday’s U.S. economic reports raise questions about the possibility of a rate hike in June. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-8-5-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA Find out more about Pepperstone: https://pepperstone.com/ […]

USDX is piercing the support level of 99.23, which means a further consolidation below the 200 SMA on H1 chart. However, the overall picture remains bullish, as long as the index holds the lows from May 8th. The current move should be taken as a corrective one in favor of the bulls, but a continuation […]

GBP/USD is set to follow a clear path this week, as the support zone of 1.2855 continues to block the bearish advance across the board. The pair should break below that zone in order to strengthen the acceleration towards the 1.2772 level, while a rebound can put the Cable in the focus to target the […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- May 14th, 2017

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The CEO of a major Wall Street firm calls it “worrisome.” A director of floor operations at the NYSE says it’s “not normal.” Find out why a volatility explosion might be just around the corner. Learn How the Wave Principle Can Improve Your Trading

Overview GOLD price is fluctuating near the initial resistance of 1,229.32, which is met by the EMA50 to add more strength to it, while stochastic is approaching from the overbought areas now. Therefore, these factors encourage us to expect the bearish trend in the upcoming sessions. The first target is represented by testing 50% Fibonacci […]

Price has started to bounce up nicely from our buying level. The plan today is to remain bullish above major support at 0.7332 (Fibonacci extension, Elliott wave theory) and we expect a bounce above this level to at least 0.7426 resistance, (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) has made a bullish exit meaning […]

Overview Silver price breached the minor bearish channel resistance, which might push the price to test the key resistance ceiling at 16.56 before turning back to resume the bearish trend again. As we notice the EMA50 keeps putting downward pressure on the price, while stochastic reaches the thresholds of the overbought areas. Therefore, we will […]

EUR/USD has bounced off our buying area. The plan for today is to remain bullish above 1.0853 support (Fibonacci retracement, horizontal support) for a push up to 1.0948 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 2% from where we expect a bounce. Correlation analysis: EUR/USD and USD/CHF are negatively […]

Let’s see how the 8 major currencies line up at 3 PM GMT on this Friday ahead of the weekend. Euro/Canada was flat up to approximately 8 o’clock when the pair started moving higher to post the day’s biggest move, which is a gain of point 7%. Most of the day has been calm for […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- May 12th, 2017

Let’s see which news releases could move the currency markets on Monday, the 15th of May. This is the Economic Calendar. The schedule starts at 10:45 Sunday evening with New Zealand first quarter Retail Sales. Sales continued growing at a steady point 8% pace in the last quarter of 2016. Japanese Producer Price Index for […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

Morning session is over on this Friday so let’s find out how the sentiment of the traders compares with the actual rate shifts. Euro/Dollar’s day has been slow – volatility is just 22 pips and the pair sees less than half of the monthly average funds. Sentiment of the traders is neutral, 7% short. Both […]