Global stock markets have not fallen this aggressively in years. While the carnage may still have some room to run, it is important to distinguish that this appears to be merely a correction in an otherwise robust uptrend, and not the beginning of a bear market in stocks. Many have argued that a major correction […]

The UK 100 index came under severe pressure on Monday, sinking by almost 4.0% in one day towards a 13-month low of 6,917. On the way down, the market broke a critical support level at 7,195. Technical indicators hint that the recent downturn might remain in place for a while as the index is currently trading well below the 20-, 50- and 200-day simple moving average lines, as […]

WTI Crude Oil futures have been trading slightly lower over the last few hours and created a 3-week low of 63.10. Having a look at the bigger picture the price is endorsing the scenario for further losses, while the short-term timeframe indicates an upward tendency. In the 4-hour chart, the price dropped below the 23.6% Fibonacci retracement level at 63.84 of the last big […]

The USDJPY pair had a difficult day yesterday as the Dollar found some strength. Key support levels were tested since the start of 2018 and the price moved below 110.000. This area was used as resistance on Friday, with the high extending to just below 110.500. The low from the 26th of January is 108.277 […]

The US 30 index has plunged sharply lower since Friday losing more than 3000 points from the last all-time high on January 29. The price posted a new more than 3-month low of 23116.40 earlier today, however, it later reversed some of its losses during the European session. Prices broke below the 23.6% Fibonacci retracement level near 24000 of the […]

GOLD PRICES fell $10 per ounce against a resurgent US Dollar on Tuesday in London, erasing this week’s earlier gain as world stock market sank for a third session running.   Solid gold trading in Shanghai – where the Chinese stock market today sank over 3% – saw global quotes rise to $1345, with Tuesday’s […]

The current week is characterized by an increase in aversion to more risky assets. The stock markets are dominated by drops, and the lower demand for risk translates into greater interest in bonds. DOW Jones Index fell by more than 6.0% at the time, ranking the largest drop in its history. The SP500 fell sharply […]

Global macro overview for 06/02/2018: Post-RBA decision market sentiment check The interest rate decision of the Reserve Bank of Australia was in line with the market consensus, the main interest rate was maintained at 1.5%. Still, the bank expects that the growth rate of the Australian economy will remain at around 3.0% in the medium […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Financial commentators regularly try to connect the day’s news with the stock market’s action. It seems such a logical thing to do. But here’s why investors who buy or sell based on the news might want to re-consider this approach. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading

It’s a new trading day and here’s what you should keep an eye out for in terms of economic publications on this Wednesday. German Industrial Production for December opens this agenda at 7 o’clock in the morning. Production rebounded in November after two months in the red. French trade balance for December follows at a […]

Here are the latest developments in global markets: Forex: The strong correction in stock markets which emerged amid hopes that the Fed will raise interest rates faster than expected did not provide much support to the dollar, with dollar/Yen rising slightly up to 109.22 (+0.11%) as demand for the safe-haven yen also increased. The dollar index […]

The correction of Oil has been brewing for a long time, and its catalysts have come from the stock market increased volatility, a stronger dollar and a report on the growth of production in the United States to 10.038 million b / s in November, which is the maximum since 1970. In the past few […]

The correction of Oil has been brewing for a long time, and its catalysts have come from the stock market increased volatility, a stronger dollar and a report on the growth of production in the United States to 10.038 million b / s in November, which is the maximum since 1970. In the past few […]

The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar rose by 84 pips, but most of the gains have been given up. Traded volume is average and neutral sentiment of the traders is 4% short. Both sides have had their profit opportunities as the trend has shifted. […]

USD/JPY: More Downside. In the past year, the USD/JPY has been a boring pair. Unlike other currency pairs, this pair has traded in a narrow range with a high of 115.29 and a low of 107.67. As shown below, the pair has had a near-perfect horizontal support and resistance. Today, the pair erased the gains made […]

This year, the free education provided by XM continues in Southeast Asia, with two live events coming up in the Philippines in spring. Due to take place in Bacolod on 24 March and in Baguio on 14 April, the XM seminar titled The Basics of Forex trading will be presented by Jonathan Lou Reyes, whose […]

The Reserve Bank of New Zealand (RBNZ) will announce its rate decision on Wednesday at 2000 GMT, and the forecast is for no change in policy. Even though the Bank’s cautiously optimistic bias is unlikely to change drastically amid mixed economic data, policymakers could still express their discomfort with the NZD’s recent surge. A lot […]

EUR/USD: The EUR/USD pair went downwards on Monday. The downwards movement is not yet strong enough to override the bullish outlook on the market. But, once price goes below the support line at 1.2300, the bias on the market would turn bearish. But now, the bias on the market is still bullish. USD/CHF: This currency […]

Since our report yesterday, FTSE 100 has fallen sharply amid a global equity rout. Given the sharp declines, it is worthwhile reviewing the technical picture again today. The UK’s FTSE 100 share index fell as much as 3.5% following dramatic sell-offs across the US and Asia, sparked by worries about inflation and rising bond yields. […]

Friday started as a normal day to most people but traders were bracing themselves for a busy day. On this day, they expected the Bureau of Labor Statistics (BLS) to release the monthly jobs numbers. At 8:00 AM, the bureau released the data that smashed analysts’ expectations. The unemployment rate remained unchanged at 4.1% while […]

The Bank of England will hold a two-day monetary policy meeting this week – it’s first for 2018 – with the announcement expected on Thursday at 12:00 GMT. The Governor, Mark Carney, gave investors a peek as to what to expect from the Bank on ‘Super Thursday’ during a hearing before the House of Lords […]

BITCOIN (BTC) has been trading downwards. As I expected, the price reached yesterday’s target at the level of $6.845. Watch out Canada! New York wants a piece of the bitcoin mining market, securing for its residents revenues and jobs that come along with the electricity intensive process. Bitcoin mining might even help revive local economies […]

Recently, GOLD has been trading sideways at the price of $1,3430. According to the 30M time frame, I found a well created upward channel, which is a sign that buyers are in control. I also founda oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.2400. According to the 30M time frame, I found rejection of the supply trendline and pivot resistance, which is a sign that buying looks risky. I also found overbought conditions on the stochastic oscillator, which is another sign of weakness. My advice is […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]