The price has finally broken our major ascending support triggering a bearish move below our pullback resistance at 0.8036 (Fibonacci retracement, horizontal overlap support, ascending support, bearish divergence). We now expect an influx of bearish momentum to see the big drop down to 0.7894 support (Fibonacci retracement). RSI (34) is starting to break our 46% […]

The index is still trading below the 200 SMA at the H1 chart and comatose around the 89.00 handle across the board. That’s an indication of sideways moves to take place in the short-term and USDX is waiting for a catalyst that triggers strong moves. If the January 25th lows give up, then it can […]

GBP/USD continues to trade in a bullish tone above the 200 SMA at the H1 chart and it seems we could expect a break above the 1.4280 level in order to allow further gains toward the 1.4393 zone. The bullish continuation is expected to hold for at least several days and the next target would […]

Corporate giants Amazon, Apple and Google owner Alphabet will be releasing earnings reports for the quarter ending December 2017 after Wall Street’s closing bell on Thursday. The consensus recommendations for all three stocks is “buy”, with the average consensus recommendation for Amazon’s Department Stores peer group being a “hold”, while Apple’s and Alphabet’s peer groups […]

Let’s see where the 8 majors trade at 3 PM GMT on this Thursday, first trading day of February. Euro/Australia is the mover of the day with an increase of point 9%. Some of the gains were given up after the daily high was hit. There were no revisions to final Euro Zone Manufacturing PMI […]

GOLD prices advanced in January, as the weaker US dollar and some seasonal effects boosted the appeal of the precious metal. While gold’s broader direction still appears to be higher, there is an increasing risk of a near-term correction lower, before the next leg up in the metal. Gold, like most other precious metals, is […]

All our targets which predicted in yesterday’s analysis have been hit. USD/JPY is expected to continue an upward movement. The pair rebounded from the rising 20-period moving average after a pullback from 109.10. The relative strength index has just landed on its neutrality level at 50 and is turning up. The downside potential should be […]

The Dollar remains under pressure despite Wednesday’s relatively hawkish Federal Reserve meeting. Although US interest rates were left unchanged, the central bank expressed optimism over the health of the US economy and rising inflation. Sterling was under pressure after UK manufacturing data disappointed while GOLD edged lower thanks to renewed US rate hike expectations. – […]

NZDUSD has been trading within a consolidation area with upper boundary the 0.7420 resistance level and lower boundary the 0.7285 support barrier. The narrow range has been holding since January 24 where the price reached a five-month high of 0.7436, though it ended the day in the red and the bullish phase weakened. In the […]

GBP/JPY is expected to trade with a bullish outlook. The pair bounced off its key horizontal level at around 154.85, and it is also supported by its rising 50-period moving average. The process of higher highs and lows remains intact, which should confirm a positive outlook. Besides, the relative strength index is bullish above its […]

The GBPUSD pair tried to continue higher on the 25th of January but profit takers forced price lower under the rising resistance trend line at 1.42000. The 1.43450 area was the extent of gains made so far, but support at 1.40000 has been confirmed, leaving a good level to position against. The 4-Hour moving averages […]

Newsflow has eased back on the final trading day of this week, but we do get the key update on US employment for January. UK Construction PMI for January opens this agenda at 9:30 in the morning. Construction sector has been expanding in the final three months of 2017, after the index briefly dipped South […]

EUR/GBP has been volatile and corrective recently, residing inside the support of 0.87 to the 0.8750 area. Due to the recent mixed economic reports of both EUR and GBP, the market sentiment has been quite indecisive with the upcoming directional momentum in the pair and lower liquidity at the end of the first month of […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs […]

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. […]

Here’s how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar recovered after decline and a slight gain was posted at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 8% long. Decline was followed by a rise, so both sides have had […]

GOLD PRICES fell back below $1340 per ounce in London’s wholesale trade Thursday despite the US Dollar slipping again on the currency market after the Federal Reserve’s “no change” decision on interest rates overnight.   Janet Yellen’s final meeting as Fed chair saw policymakers at the US central bank signal they’re on track to take […]

Here are the latest developments in global markets: Forex: Dollar/Yen stretched towards a one-week high of 109.74 (+0.51%) during early European trading after the FOMC statement highlighted yesterday that the US inflation is expected to “move up this year”. However, the dollar index inched down to 89.00, remaining near 3-year lows, on the face of a strengthening Euro and […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2478. Anyway, according to the 30M time – frame, I found a potential head and shoulders pattern in creation, which is a sign that buying looks risky. I also found a successful rejection of reistance at the price of 1.2450, which […]

Overview: The USD/CHF pair is still moving in downwards from the level of 0.9377. The price of 0.9377 represents the first resistance on the H1 chart. The pair fell from the level of 0.9377 to the bottom around 0.9393. Today, the first resistance level is seen at 0.9377 followed by 0.9432, while daily support is […]

Overview: The NZD/USD pair will continue rising from the level of 0.7305 in the long term. It should be noted that the support is established at the level of 0.7305 which represents the daily pivot point on the H4 chart. The price is likely to form a double bottom in the same time frame. Accordingly, […]

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.4274. Anyway, according to the 30M time – frame, I found a successful rejection of upper diagonal (resistance), which is a sign that buying looks risky. I also found a hidden bearrish divergence on the stochastic oscillator, which is another sign of […]

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-February 01st 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-February 01st 2018

The Australian dollar eased on Thursday following weaker-than-expected economic data. The Australian Dollar took an initial knock on Wednesday on news of tepid consumer price data, which came in at 0.6% compared to an expectation of 0.7%. This showed that a relatively strong economy has yet to translate into significantly higher inflation. The Reserve Bank […]