The US 30 Index fell yesterday after headlines broke that the US Sec of State was being sacked by the President. The index closed at 25007.00 (down -0.68%) on the news, pushed further down late in the US session by the President’s call for $60B worth of trade tariffs on imported Chinese goods. Sentiment remains […]
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The dollar index fell following yesterday’s decision by President Trump to fire his Secretary of the State. This came as the bureau of labor statistics released a report showing that inflation had edged lower but in line with what analysts were expecting. The Month over Month (MoM) Core CPI rose to 0.2% while the annualized […]
US Consumer Price Index publication has sent the spreads higher yesterday, so let’s see what have been the average and maximum separations. Euro/Dollar’s spreads have averaged at point 32 pips during the past 24 hours, peaking at 2.7 pips. Daily high and low difference was posted as the pair gained point 71% or 87 pips, […]
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 14th 2018
Technical Analysis: 14/03/2018 – USDJPY could extend range-bound 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 – EURJPY completes upward retracement with weak momentum
EURJPY is creating a bullish correction tendency after the rebound on the six-month low of 129.30. In the short-term timeframe, during Wednesday’s session, the pair hit a 4-month high of 132.42 and touched the 38.2% Fibonacci retracement level of the last big downward movement with the high of 137.50 and the low of 129.30. Currently, the price […]
European Open Preview – Dollar falls after yet another Trump team shakeup; US data and trade concerns in focus
Here are the latest developments in global markets: Forex: The dollar was little changed versus a basket of currencies on Wednesday after retreating following the departure of Rex Tillerson from the position of US Secretary of State on Tuesday. STOCKS: US markets closed lower yesterday, as news that US Secretary of State Rex Tillerson had […]
Morning Report: 07.00 London This morning, the Australian dollar is leading markets higher after better than expected Chinese industrial production data. Both the AUD/ USD and AUD/ JPY are rising after yesterday’s volatile session. The dollar pairs are generally mixed, with the dollar index negative admin US political uncertainty. The EUR/USD and GBP/USD are on […]
Technical Analysis – AUDUSD gains some ground; builds base around 23.6% Fibonacci level
AUDUSD is trading higher following the rebound on the 0.7715 significant support level. However, the bullish movement paused at the 40-day simple moving average near the 0.7900 psychological level during yesterday’s session. Looking at the momentum indicators, the RSI indicator is moving slightly above its neutral threshold of 50 and is sloping to the upside, suggesting that 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-March 13th 2018
US President Trump Sacks Sec of State Tillerson and Asks for New Chinese Tariffs
Overshadowing the economic data yesterday was the sacking of US Secretary of State Tillerson. The President nominated current CIA Director Mike Pompeo to become the new Sec of State. The President also name-dropped Larry Kudlow to fill the vacancy left by Gary Cohn as his Chief Economic Advisor. On a more market-orientated level, President Trump […]
China data mixed, ECB speakers on tap, Tillerson to go by end March .
https://pepperstone.com/en/Forex-news/market-review –FX and Cryptos subdued AUD and BRL the highlights. -China Industrial productions beat, Retail sales don’t. -The UK prepares sanctions on Russia. -Rex Tillerson is sacked by Trump and will leave by end-March. -Trump’s economic scorecard to date. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. […]
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Technical Analysis – EURGBP still consolidating; unable to break above upper channel
EURGBP has been consolidating since September 2017 and has been stuck in a channel tilted slightly to the downside. The neutral to bearish picture in the medium term looks to last for a while longer after prices failed to break above the upper channel earlier this month. Resistance was met at around the 0.8950 region […]
Technical Analysis – US 100 index hits fresh record high; looking bullish in the medium-term
The US 100 index has advanced considerably, managing to finish higher in the seven preceding trading days after recording a one-month low of 6,641.85 on March 2. Earlier on Tuesday, it hit a fresh all-time high of 7,185.15. The RSI has been rising lately, projecting a bullish picture in the short-term. However – and turning […]
China releases important data as trade frictions continue to attract attention; aussie in focus – Forex News Preview
China will see the release of numbers on February’s fixed asset investment, industrial production and retail sales on Wednesday at 0200 GMT. Barring retail sales, the figures are expected to have eased on an annual basis relative to January’s respective releases. As the readings are made public, attention will be falling on the aussie as […]
Gold Price Spikes vs. Dollar as Trump Sacks Tillerson ‘Cos of Russia’, Inflation Rises
GOLD PRICES leapt against a sinking Dollar on Tuesday but quickly fell back after US consumer prices showed the fastest inflation in 6 months and US President Donald Trump sacked his Secretary of State Rex Tillerson with a tweet, one day after Tillerson called Russia “a force for instability in the world.” Trump had […]
Technical Analysis – EURNZD hits rising trend line; sign of bearish correction
EURNZD is touching the ascending trend line, which has been standing since February 2017. In the short-term timeframe, the price has been developing within a narrow range over the last two months with upper boundary the 1.7100 psychological level and lower boundary the 1.6720 support, which overlaps with the lower Bollinger band. Technically, in the […]
Bitcoin Divides Players
BITCOIN price has not recovered yet, with the cryptocurrency currently under further decline, now trading between $8800-$9900. The crypto market seems depressed, despite Wall Street analyst Thomas Lee’s Bitcoin Mystery Index giving a buy signal. The cryptocurrency market capitalisation is now struggling to surpass $400 billion, which begins to emerge as a new short-term resistance […]
The Japanese Yen has weakened against other major currencies in recent sessions, amid a political scandal engulfing Prime Minister Shinzo Abe’s government. Japan’s ministry of finance reported that it altered documents relating to a discounted sale of state-owned land to a school operator associated with the Prime Minister’s wife. However, the Bank of Japan (BoJ) […]
The EURUSD pair has managed to find support and resistance at previously broken trend lines and has pulled back to the 1.23000 level, forming what looks to be wedge across it. This can happen around important levels as sellers and buyers battle for control. The wedge can be a continuation pattern but can also cause […]
U.S. equities rallied sharply on Friday, after the release of U.S. Non-Farm Payrolls data. The U.S economy added 313,000 jobs last month, much better than expectations of about 205,000, with unemployment holding steady at 4.1%. Moreover, hourly earnings surprised to the downside, rising a modest 0.1% and cutting the annual pace to just 2.6%, from […]
The USDCAD pair has risen to test 1.30000 in recent sessions and has dropped back to test support at 1.28000 as a backstop. As price is caught between these areas, there is a chance we stay in the range until energy is gathered and a direction is found. The trend has been higher during recent […]
The US Monthly Budget Statement (Feb) was $-215B v an expected $-216B, against a reading of $49.0B in the prior month. This data represents the balance of the federal government’s income and spending. The February number was the biggest decline in the budget since February of 2014. Seasonally, the February data is lower than other […]
The US Nonfarm Payrolls data released on Friday showed a strong increase in job creation and, combined with the lower than expected increase in Hourly Earnings, sent the markets into risk-on mode. This was a complete reversal of the previous month’s reaction to this data series when positive sentiment evaporated as fears of inflation and […]