Morning Report: 07.00 London This morning, the US dollar index remains weak, following yesterday’s slump sparked by the Fed. Jay Powell’s first FOMC meeting produced projections which point to a worrying lack of growth in 2019. This provides a real stick in the eye to Trump’s growth plans. The dollar pairs are mixed this morning […]
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The Fed raises rates & looks for more, Japanese manufacturing falls, Aussie Unemployment grows.
https://pepperstone.com/en/Forex-news/market-review -The Fed raises US rates but the Dollar weakens. -Aussie employment data helps to soften the currency. -Japans Manf PMI data hit a multi-month low. -Decision time for the BOE. -Eurozone, US PMI data on tap. -Rising Crude prices and rising Crude exports? The overnight changes and price moves to be aware of by […]
Cheering for Putin’s strong man GOLD policy…? A SHOCK decision from the US Fed to raise rates then! snarks Adrian Ash at BullionVault. Almost as shocking as the National People’s Congress in China making Xi Jinping president for life last week… …or the top central-bank job in Beijing going to long-time party […]
We have Flash PMIs and a monetary policy announcement on the agenda for this Thursday, so let’s take a look. March Flash PMI run starts at 8 o’clock with French figures. German stats will be available a half an hour later and the overall bloc’s figures are set for publication at 9 o’clock. Both Manufacturing […]
We have Flash PMIs and a monetary policy announcement on the agenda for this Thursday, so let’s take a look. March Flash PMI run starts at 8 o’clock with French figures. German stats will be available a half an hour later and the overall bloc’s figures are set for publication at 9 o’clock. Both Manufacturing […]
It’s 12pm GMT, so let’s have a look how traders have performed this morning with the Midday Snapshot. Euro/Dollar moved slowly higher and a gain of point 21% was posted at noon. Traded volume is average and sentiment of the traders is bearish, most have been forecasting the pair to head lower. Gradual rise has […]
Australia set to post another record on jobs growth but RBA could be indifferent – Forex News Preview
Australia will see the release of employment data this week on Thursday at 0030 GMT, with the figures expected to show that the Australian labor market is in a good shape. Analysts believe that the number of jobs created continued to rise in February, posting the longest streak of employment gains since the Australian Bureau of Statistics […]
Technical Analysis – Brent crude oil futures post 6-week high; bullish bias in short term
Brent Crude Oil futures reached a fresh six-week high of 68.28 during today’s European session and extended oil’s bullish run, which started from the 64.00 handle. Prices broke above the 67.90 key level and are trading well above their moving averages. The bullish picture in the short-term is further supported by the technical indicators. In the 4-hour […]
Technical Analysis – UK 100 index hits 6-week low, eyes 7,000 handle; medium-term outlook looks bearish
The UK 100 index has fallen by 4.3% after recording a one-and-a-half-month high of 7,341.00 on February 26; if the all-time high of 7,806.05 is used as a reference point, then the loss amounts to a whopping 10.0%. Earlier on Wednesday, the index hit a six-week low of 7014.10, while it is currently trading not […]
Gold: Fed Rate Hike ‘Priced In’ But ‘Silly Moves’ Due on Powell’s 1st Presser
GOLD PRICES rose against all major currencies ahead of the Federal Reserve’s much-expected hike to Dollar interest rates on Wednesday, regaining last week’s $10 loss to trade above $1322 per ounce for US investors. Silver regained half of last week’s 1.5% loss to reach $16.45 as the broader commodity markets also rose, as did […]
Today, the Fed will conclude its two-day meeting and announce the interest rates. The Fed is expected to raise interest rates for the first time under Jerome Powell. As shown below, most analysts expect the Fed to hike by between 150 and 175 basis points while a small number expect a hike of between 125 […]
The Australian Dollar started its decline on March, 14 following tepid economic data and the statement from the Reserve Bank of Australia (RBA). Yesterday, the decline continued after the RBA released its minutes for the meeting it held last week. In the past week, the AUD/USD pair fell from a high of 0.7916 to a […]
Here are the latest developments in global markets: Forex: Dollar/Yen was falling by 0.18% and the dollar index was also under pressure, losing 0.25% at the time of writing as investors were preparing their positions ahead of the Fed interest rate announcement later in the day. While the dollar was struggling to gain ground, the Euro managed […]
Forex News Preview – Brexit transition deal gives BoE go-ahead for May rate hike but UK data poses dilemma
Bets for a Bank of England rate hike in May received a major boost this week after the United Kingdom and the European Union reached a deal on a 21-month transition period that would come into effect when Britain officially leaves the bloc at the end of March 2019. The positive development is likely to […]
We’re halfway through the trading week and you’re watching the Dukascopy Spike Controller. Euro/Dollar’s mid and long term average spreads both are equal at point 31 pips. Peak separation has been 1.2 pips. The pair declined yesterday by point 63% or 77 pips, but it has since somewhat recovered from the low of 1 2240. […]
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Eurozone PMIs expected to point to further cooling of economic activity – Forex News Preview
The eurozone will see the release of flash PMI figures for the month of March on Thursday at 0900 GMT. All three readings – for manufacturing, services, as well as the composite measure that blends the two sectors – are anticipated to slow down relative to recent releases, though still comfortably remain above the 50 […]
Technical Analysis – EURJPY still consolidating; 130.35 acts as strong support area
EURJPY has been moving within a consolidation area since February 22 with upper boundary the 132.20 resistance level and lower boundary the 129.60 support level. It is worth mentioning that the price came under strong pressure following the bounce off the 131.70 barrier on Tuesday’s session and hit the 135.35 support level. Looking at momentum […]
Here are the latest developments in global markets: Forex: The dollar traded down by less than 0.2% against a basket of currencies on Wednesday, though it held most of the gains made yesterday which saw it rise to a three-week high. STOCKS: US markets closed in the green on Tuesday, recovering some of their losses from […]
Technical Analysis: 21/03/2018 – WTI oil futures hit three-week highs; could be overbought
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Dukasopy Daily Trading Signals. Euro/Dollar has 6 green signals in the hourly chart. Mid term models shift to neutral and indicators are mostly pointing South in the daily scale. Interbank sentiment is neutral at 5% long, matching the mid […]
Technical Analysis – AUDUSD in strong sell-off; ascending trend line eyed as next level
AUDUSD recorded relative strong bearish sessions in the previous week before the pull-back on the 0.7920 resistance level. The price plunged below the 0.7715 key level and posted a fresh three-month low of 0.7677. The bearish structure in the short-term remains intact, however, stochastics signal for a bullish correction. In the daily timeframe, the MACD […]
Morning Report: 07.00 London This morning, the dollar index softer this morning as markets eye today’s FOMC meeting where traders are widely expecting the Fed to increase rates to 1.75%, their highest levels since September 2008. This follows a day of dollar strength and general dollar pair weakness. The dollar’s weakness is helping key dollar […]
FOMC and UK employment data on tap, Fitch rates China, Thai trade is up but down on Jan.
https://pepperstone.com/en/Forex-news/market-review -GBP and EUR hang on to Dollar gains. -The Loonie pushes back. -Fitch holds China, warns on trade. -The FED, SNB and RBNZ are all on the calendar. -Is a pay cap busting deal on the horizon for NHS workers? -My balance sheet is bigger than yours! The overnight changes and price moves to […]
FX Indicators: MACD & Stochastics
Learn more about MACD, Stochastics and other indicators here: https://pepperstone.com/en/client-resources/how-to-use-indicators-to-implement-low-risk-high-reward-trade-ideas-part-2 Join expert trading educators, FX Evolution, as they take you through popular indicators – MACD and Stochastics. Discover what these indicators are, and how they can be used. You’ll also learn the basic and advanced methods as well as how you can combine the two […]