Here are the latest developments in global markets: Forex: The dollar was not much changed against a basket of currencies on Tuesday, consolidating its losses from yesterday that saw it lose 0.5%, recording a more than one-month low along the way. Elsewhere, the Yen was extending its losses from yesterday on the back of risk […]

The Dollar index as expected has made a new lower low below 89. Trend remains bearish. The Dollar index remains under pressure and could see below 88 over the coming weeks. As long as price is below 90.30 trend will remain bearish. Red lines – trading range The Dollar index has broken below and out […]

GOLD price is trading above $1,350 but still below January highs. Trend is bullish in the short-term as long as the price is above $1,350. I believe Gold has more chances of a pull back for a higher low than a continuation of the upward trend. Only aggressive traders should try a short position. Blue […]

S&P 500 is the world’s largest index by market capitalization. Its companies have a combined market cap of more than $24 trillion. This is bigger than the GDP of the United States which currently stands at $18 trillion. The index’s top companies by market capitalization are Apple ($831B), Amazon ($724B), and Google ($711B). As such, […]

GBPUSD has almost reversed the downtrend started at the beginning of February and the backdrop is looking bullish at the moment with price actions taking place above the Ichimoku cloud and all the simple moving average lines (SMA). Yet, momentum indicators suggest that there is not much space for additional gains. Both the RSI and […]

Morning Report: 07.00 London This morning, the US dollar has steadied after further losses yesterday. Stock markets have lifted off recent lows as traders embrace risk on hopes for a US-Chinese trade agreement. The dollar pairs are on the back foot, with selling led by the AUD/USD and NZD/USD. The EUR/USD and GBP/USD are steady, […]

Lately, market participants are not just focusing on the scheduled Economic Data releases and reports. The current ongoing global volatility in equities and the Forex market is also being influenced by geopolitical reports and events. The main driver for the recent US equity Indices recovery was the reduction in trade war concerns that initially caused […]

https://pepperstone.com/en/Forex-news/market-review -US & Asian equities bounce as trade fears recede- for now. -KRW gets a boost from US tariff concessions. -AUD slips as Iron ore price forecasts fall. -Goldman turns bullish on GOLD. -What does the Gold Silver ratio tell us? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]

EUR/NZD – Weekly EUR/NZD – 4 Hourly Long-term we continue to look for more upside pressure towards 1.8437 and ideally closer to 1.9844 (Diamond and 50% corrective target). Zooming in on the shorter time-frame, we need a clear break above resistance at 1.7100 to get the next “GO” for a rally towards 1.7536 and 1.7744 […]

When the European market opens, some Economic Data will be released such as Private Loans y/y, M3 Money Supply y/y, Spanish Flash CPI y/y, and German Import Prices m/m. The US will release the Economic Data too, such as Richmond Manufacturing Index, CB Consumer Confidence, and CB Consumer Confidence, so, amid the reports, EUR/USD will […]

USD/JPY – Weekly USD/JPY – 4 Hourly Long-term we continue to look for the wave (E), of a huge triangle, to continue lower to an ideal target near 123.43. Zooming in on the shorter time-frame, we saw wave (D) complete with the test of 137.50 and since that top, we have seen wave A to […]

In Asia, Japan will release the BOJ Core CPI y/y and SPPI y/y data, and the US will release some Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, and CB Consumer Confidence. So there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]

The index remains under pressure below the 200 SMA at the H1 chart and the support zone of 89.36 is now being pierced, allowing for more losses in the short-term. There are fractals in formation which supports the bearish scenario for the coming days. USDX could be looking to test the 87.88 level and the […]

The pair stays strong in the short-term as the price action is consolidating above the support zone of 1.4136. Currently, GBP/USD is facing off the resistance level of 1.4225, which is the last hurdle ahead of the 1.4269 level and if it manages to break above such area, the bulls could strengthen in the short-term. […]

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As the Euro races past the $1.24 level again, recent data out of the Eurozone does not appear to support this renewed bullishness for the single currency. Business confidence gauges for the region are all pointing to a softening in economic activity during the first quarter of 2018, with the March data, in particular, showing […]

GOLD rallied during the past week, jumping from three-week lows to one-month highs. Price action is currently taking place above the Ichimoku cloud and the moving average lines, sending bullish signals for the trend of the market, but momentum indicators suggest that any weakness in the short-term should not be a surprise. The RSI is picking up speed above its neutral […]

GOLD PRICES rose and Silver jumped against a falling US Dollar on Monday in London, trading near 5-week and 3-week highs respectively as global stock markets bounced amid negotiations between the US and China to avert a ‘trade war’ between the world’s two largest economies, writes Steffen Grosshauser at BullionVault.   Gold overnight in Asian […]

USDZAR posted losses after recording a one-and-a-half-month high of 12.105 last Monday, eventually hitting a one-month low of 11.596 earlier in the day. The RSI continues to decline after crossing below the 50 neutral-perceived level, pointing to a negative short-term picture for the pair. Support to further losses could come around the three-year low of […]

USD/JPY has been non-volatile with the bearish gains which lead the price below 105.50 area recently. After the recent Federal Funds Rate Hike, JPY gained the required push to continue the bearish pressure in the pair which is currently expected to proceed much lower with certain retracement along the way. This week is going to […]

USD/CHF is under pressure and expected to trade with a bearish outlook. The pair failed to break above its major resistance at 0.9490, and is now turning down. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower. In addition, the relative strength index is bearish below […]

EUR/USD has been quite impulsive with the bullish gains which lead the price to reside above 1.2350 price area currently. Despite having an increase in Interest Rate recently, USD failed to gain much momentum as expected whereas recent Stock Market Fluctuation did also affect the bearish pressure in the pair. Today EUR German Buba President […]

This is the Dukascopy Midday Snapshot, where we`ll find out how traders have managed to work out the rate shifts during the morning session on this week’s first trading day. Euro/Dollar has been on a rise and the pair stood point 43% in the green at noon. Traded volume is average and sentiment of the […]

When the European market opens, the economic calendar lacks economic data from the eurozone. Only German Buba President Jens Weidmann Speaks. The US today will not release any economic reports too. So, amid the empty economic calendar, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.2414. […]

Today, the econmic calendar is empty as Japan and the US will not release any economic data. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance 3: 105.52 Resistance 2: 105.32 Resistance 1: 105.11 Support 1: 104.85 Support 2: 104.65 Support 3: […]