Copper futures are challenging the 23.6% Fibonacci retracement level of the upleg at 3.1163 from the low on May 2017 to the high in December 2017. Prices remain under pressure as the 20 and 40 simple moving averages on the daily timeframe are acting as significant resistance levels near 3.1700. Technically, momentum indicators are pointing […]
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sugar is one of the most popular Commodities in the world. Every day, it is consumed in its pure form or as a derivative by more than 6 billion people. In the past decades, the number of people who consume sugar has been on the rise in line with the growing population. Asian and African […]
US Open Preview – Yen holds strong amid trade concerns; European stocks open higher
Here are the latest developments in global markets: Forex: Dollar/Yen hovered near one-week lows, last trading at 105.90 (-0.35%) as investors continued to look for safer assets amid worries that the incoming economic adviser, Larry Kudlow, who previously criticized US-China trade relations could back Trump’s plans to impose further import tariffs to China. This comes […]
Technical Analysis – USDCHF looking bullish in the short-term but maintains bearish medium-term tone
USDCHF has advanced is recent weeks, distancing itself from the near three-year low of 0.9187 hit on February 16. Last Friday, the pair posted a seven-week high of 0.9534. The short-term bias is looking cautiously positive, with the RSI continuing to rise. The pair has managed to marginally exceed the 50-day moving average line at […]
Technical Analysis: 15/03/2018 – EURUSD holds bullish bias in short-term
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Technical Analysis – NZDUSD fails to jump above 0.7350; weak bias in short term
NZDUSD has been developing within an ascending trend since March 1 after the strong rebound on the 0.7185 support level. Although the pair hit several times the 0.7350 resistance barrier yesterday it failed to have a successful run above it and is currently moving near the 0.7310 price level and below the 20-simple moving average in […]
European Open Preview – Dollar falls versus yen with trade worries back in the forefront; SNB & Norges Bank decisions eyed
Here are the latest developments in global markets: Forex: The dollar was roughly flat versus a basket of currencies on Thursday, though it was losing ground versus the safe-haven perceived Yen as risk sentiment was dented on worries over rising trade tensions. Elsewhere, the kiwi came under pressure after New Zealand’s growth numbers fell short […]
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-March 15th 2018
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-March 15th 2018
Technical Analysis – USDJPY remains in bearish phase; unable to break below 16-month low
USDJPY fell as low as 105.77 during today’s European session and is recording another negative day. The drop below the 108.20 strong resistance level has pushed the price further lower, creating a 16-month low of 105.23. When looking at the bigger picture, in the weekly timeframe, the price has been trying to break the aforementioned level over the last […]
Morning Report: 07.00 London This morning, world markets have a risk-off bias as traders fret over renewed fears of global trade wars. The dollar index is slightly higher, giving most dollar pairs a negative edge. The AUD/USD is on the back foot as a potential direct and indirect victim of tariff wars. The AUD/JPY is […]
USD JPY tests towards 106, BTC under pressure, Singapore is the dearest city.
https://pepperstone.com/en/Forex-news/market-review –Yen test back towards 106 whilst USDX stays below 90 -Port profits and volumes point to growing global trade. -It’s turning into a bad week for Cryptos -Singapore expensive crowded and growing. -US politics and the Dollar. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]
Statistics New Zealand will issue GDP growth figures for the final quarter of 2017 on Wednesday at 2145 GMT. Under a new government and an expansion in monetary mandates, the economy is expected to have grown at the highest pace in over a year, putting a strong foot forward. While this will sound a music […]
Ford is outperforming during Wednesday’s trading, leading the list of gainers within the S&P 500. An upgrade in the company’s stock by an investment banking analyst acted as the catalyst behind today’s movement. Shares of Ford Motor Company jumped after an analyst with Morgan Stanley changed his view on the stock, adopting a bullish perspective […]
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Gold Prices Fall vs Sterling, Moscow Equities Drop as UK-Russia Tensions Worsen
GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as “undeclared intelligence officers” following the poisoning of a former spy with toxic nerve agent. The UK also said it is tightening checks on Russian state-owned […]
The Canadian Dollar declined on Tuesday, after a dovish sounding speech by Bank of Canada governor Stephen Poloz. Poloz suggested that the pace of interest rate hikes may become more gradual, as the economy expands without triggering inflation. There was also a mention of the uncertainty over the future of U.S. trade policies. The NAFTA […]
Technical Analysis – Amazon stock creates all-time high; indicators endorses bullish bias
Amazon stock price recorded another all-time high of 1613.91 yesterday but ended the day in the red. Prices broke above the 1525 barrier over the previous sessions and are currently trying to post some gains. The bullish picture in the medium-term is further supported by the technical indicators. Short-term momentum indicators are also pointing to […]
10 Years of 4-Figure Gold
Spot GOLD prices first broke $1000 per ounce 14 March 2008… IN FACT the world’s first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale ‘spot’ gold price finally popped above $1000 per ounce – saw a […]
SNB unlikely to signal policy shift, may reiterate franc remains “highly valued” – Forex News Preview
The Swiss National Bank (SNB) will announce its rate decision on Thursday at 0830 GMT. While no change in policy is expected, investors will be looking for signals on whether the Bank is contemplating an eventual exit from its ultra-loose policies. With Swiss inflation still subdued though, the SNB may be reluctant to provide such […]
This Thursday we get the latest monetary policy assessment form the SNB as well as a number of US publications, so let’s take a look. Swiss Producer Price Index for February opens this agenda at a quarter past 8. Prices advanced by point 3% in January and this was the sixth consecutive monthly increase. Then […]
It’s noon GMT on this Wednesday so let’s see how traders have performed during the morning session. Euro/Dollar has shifted lower by 52 pips to trade slightly in the red at noon. Traded volume is average and neutral sentiment is 4% short. Gradual decline has provided bearish side with some profit opportunities. Pound/Yen declined by […]
The Great Britain Pound jumped against its global peers following the Spring Forecast by Phillip Hammond. The currency jumped by 0.60%, 0.50%, 0.15%, and 0.63% against the Chinese Yuan, Dollar, Euro, and Japanese Yen respectively. In his statement today, Philip Hammond talked about many things but the most notable was his statement about the country’s […]
US Open Preview – Euro retreats after Draghi’s dovish remarks; New Zealand GDP growth in focus
Here are the latest developments in global markets: Forex: The dollar index managed to erase part of yesterday’s losses during early European afternoon, inching up to 89.79 (+0.12%) despite the political chaos in the White House and renewed concerns over an escalation in US-China trade relations ahead of a crucial G20 meeting next week where […]
Technical Analysis – EURSEK remains bullish despite retreat from 8-year high
EURSEK has advanced considerably after hitting a four-month low of 9.7435 on January 31, eventually recording an eight-year high of 10.2442 last week. The pair has since lost some ground from March 7’s multi-year peak, with the retreat possibly coming on the back of an overstretched market – the Chikou Span seems to support this […]