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Perhaps the most burning topic in 2018 is the sharp divergence in the yield of US Treasury bonds and the USD index. Over the past few years, they have united in one direction, but at the end of 2017 the situation has changed. And now it is seen as one of the main drivers of […]

Overview The GBP/JPY pair provided a positive signal by surpassing 156.00 level, to settle above 50% Fibonacci correction level. This move indicates its readiness to resume the bullish attack in the short term. We will depend on the stability above the breached barrier to form new support level. Besides, we are waiting until the initial […]

Overview GOLD price is trading sideways in a tight range, settling around 1,345.00. As long as the price is below 1358.40, the bearish scenario will remain valid for today. This scenario is supported by stochastic’s current negativity. Please note that breaking 1,335.40 will open the way towards our next main target at 1,316.48. The expected […]

Overview Silver price is trading sideways in a tight range, settling below 17.43. Let me remind you that holding below this level will keep our bearish outlook valid. We are waiting until the 17.05 level is broken to reinforce the chances of heading towards our main target at 16.56. Therefore, we still suggest the bearish […]

Central bank focus – is the Bank of England aiming to raise rates sooner in 2018 than expected? Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is […]

Federal Reserve, Earnings, and Cryptos Dominate the Week. It has been an exciting week for market participants. Among the big news this week was the Fed meeting and the eventual interest rates announcement. Investors also looked forward to today’s job numbers. Cryptocurrencies The week has been extremely interesting for cryptocurrencies, which have dropped like a […]

The US employment report showed the country is heading towards full employment, so let’s take a look at the influence of this and other publications on the FX markets. Ozzy Dollar was moving gradually lower against the Buck for most of the session and the pair plummeted further after 1:30 PM to post the day’s […]

The bull run in the DOW Jones continued unabated in the first month of 2018, with the index gaining an astonishing 6% in just four weeks. However, with yields on US Treasuries rising sharply in recent days, the Dow’s rally appears at risk, with a further correction lower being possible in case yields continue to […]

GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009.   The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central […]

Thursday ended the busiest stretch for internet and software companies with results from Amazon, Apple, Microsoft, PayPal and Google. Although Amazon and Apple gained after hours yesterday, Google slipped, as their profits missed forecasts. There were also declines in Microsoft and PayPal on Wednesday, which weighed on the NASDAQ 100 Index (NDX). Combined with the […]

Here are the news events that could influence the financial markets on this Services PMI Monday. China Services PMI for January opens this agenda at an early 1:45 AM. A stronger than expected rise pushed the index further above the 50 level in the final month of last year. Then there’s a gap of 7 […]

GBPJPY surged sharply higher this week and during today’s trading session it reached a fresh 19-month high of 156.60. Prices have broken above the 156.00 handle for the first time since June 2016. The bullish picture in the short-term chart is further supported by the technical indicators. From the technical point of view, the Relative […]

The chart for GOLD in the 4-hour timeframe shows the break higher from the Bull flag marked in red, and the retest late yesterday. The 1350.00 level needs to be retaken with support holding so far around 1344.00. A further retest of the top of the flag would tag the 1340.00 area. Further support on […]

USD needs perfect data composition if it wants to reverse the pessimistic market sentiment towards it. Employment increase by 148k in December was disappointing not only with the consensus (190k), but also with regard to 252k in November and 211kin October. Strong readings in previous months were mainly dictated by the reconstruction of jobs after […]

We’re halfway through this week’s last trading day, so let’s see how things are shaping up for the market players. Euro/Dollar’s day has been relatively slow – high and low difference is 42 pips and traded volume is low. Sentiment of the traders is neutral, 6% long. Narrow price movement range, along with the slow […]

Today at 13.30 GMT – US Non-Farm Payrolls and US Unemployment will be published. The nonfarm payrolls are released by the US Department of Labor and present the number of new jobs created during the previous month, in all non-agricultural businesses. The monthly changes in payrolls can be extremely volatile, due to its high relation […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

Here are the latest developments in global markets: Forex: The dollar continued to rise slowly against its major peers after US Treasury yields peaked at fresh highs early today but remained closed to 3-year lows. The dollar index inched up to an intra-day high of 88.88 (+0.16%) and dollar/Yen was on track to break above […]

Central bank meetings will dominate next week’s economic calendar as the Bank of England, the Reserve Bank of Australia and the Reserve Bank of New Zealand meet to set monetary policy. All three are expected to stand pat but surprises could be in store for the markets as policymakers adjust their outlook following recent developments […]

The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to this level. The RSI has been falling in recent days, hinting […]

The bearish pressure on BITCOIN has been quite unstoppable and impulsive, so BTC is expected to decline deeper to $7,500 before showing any bullish intervention along the way. The support area of $9,200 was pretty strong to hold the price but it failed miserably as the price is currently residing below $8,500 price area. Currently, […]

Recently, GOLD has been trading sideways at the price of $1,344.00. Anyway, according to the 30M time – frame, I found a successful rejection of strong resistance cluster at the price of $1,347.00, which is a sign that buying looks risky. I also found a bearish momentum, which is another sign that sellers are in […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price reached my second target at the level of $8.300. Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining […]

Recently, the GBP/USD has been trading sideways at the price of 1.4205. Anyway, according to the 30M time – frame, I found a broken bullish channel in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. […]