In Asia, Japan will release the All Industries Activity m/m, BOJ Policy Rate, BOJ Outlook Report, Monetary Policy Statement data, and the US will release the Economic Data such as Richmond Manufacturing Index. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. […]

Wave summary: We have seen the expected spike lower to 1.6679 (the low has been seen at 1.6684). This fulfills the corrective target in wave ii and a break above minor resistance at 1.6772 will confirm that wave ii is complete and wave iii has taken over for a rally towards 1.7360 on the way […]

The price continues to test major resistance at 0.8018 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect a drop from this level to push the price down to at least 0.7817 support (Fibonacci retracement, horizontal swing low support). RSI (34) sees ascending support as more intermediate support and only a break of this level […]

The price has bounced perfectly from our buying level and reached our profit target once again. We prepare to sell from 89.18 major resistance (Fibonacci extension, above major swing high resistance) for a reaction off this level to push the price down to at least 88.68 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is […]

Wave summary: Despite another run close to the top at 136.31 we remain firm in our belief that this rally is corrective and a new decline below 135.00 soon will be seen, confirming our expectation for a decline close 131.11 and longer term a much deeper corrective decline towards 123.43 in wave (E) of the […]

EUR/USD: This pair consolidated on Monday, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week. USD/CHF: This […]

Technical outlook: A 4H chart view has been presented for EUR/USD to have a closer look at wave (5), unfolding into its final waves 4 and 5 before terminating. High probable wave count suggests that wave (5) is unfolding as an ending diagonal and is looking to terminate into 4th wave corrective drop towards 1.2060/70 […]

The index is still holding the lows from January 19th and it seems we could expect a rally to test the 200 SMA on H1 chart. The downside continues to be the dominant bias and a moving average could act as a strong dynamic resistance. The nearest support lies at the 89.36 level, where bears […]

GBP/USD started the week within a neutral tone that is favored by the bulls in the short term. The next target to the upside lies at 1.3979, where a breakout should expose the critical level at 1.4112. The support zone of 1.3847 still holds as a solid barrier to contain the bearish price action but […]

Good morning, traders, you’re watching the Support and Resistance Level Report for Tuesday. Euro/Dollar has the closest levels of 1 2280 in resistance and 1 2240 in support. The lowest resistance line sees 8 confirmations, whereas R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. R3 counts […]

Skrill là một hệ thống thanh toán trực tuyến hay ‘ví điện tử’ tại Anh và được sử dụng với hơn 36 triệu khách hàng trên toàn cầu. Ký quỹ bằng Skrill nhanh chóng và an toàn với dữ liệu chuyển được mã hóa nhằm ngăn chặn các thông tin bị chia sẻ.

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Skrill là một hệ thống thanh toán trực tuyến hay ‘ví điện tử’ tại Anh và được sử dụng với hơn 36 triệu khách hàng trên toàn cầu. Ký quỹ bằng Skrill nhanh chóng và an toàn với dữ liệu chuyển được mã hóa nhằm ngăn chặn các thông tin bị chia sẻ.

Neteller là một hệ thống thanh toán tiền điện tử và bạn có thể ký quỹ vào tài khoản Pepperstone bằng Neteller ngay lập tức, 24h ngày. Neteller được sử dụng bởi khách hàng hơn 180 quốc gia và luôn sẵn có để chuyển tiền cho các loại tiền tệ chính.

Economic calendar is extremely light on this Monday, so let’s see if the FX moves are equally calm. Euro/New Zealand has been trending South throughout the session and the pair stands point 46% in the red, which is the day’s top move. A commodity currency New Zealand Dollar tops the advancers and decliners table. Canadian […]

The week begins with markets reacting to the U.S. Government shutdown after the U.S. Senate failed to approve the House bill on funding. This resulted in the Dollar remaining near three-year lows. Looking forward, the first monetary policy meetings of 2018 for the major central banks are scheduled this week. USDJPY The Bank of Japan […]

GOLD PRICES held steady as the Dollar remained weak Monday morning amid the US government shutdown, writes Steffen Grosshauser at BullionVault – the first since October 2013.   After recording the 6th weekly gain in succession at the London PM benchmarking, wholesale gold bullion prices traded in a $6 range around Friday’s close at $1331 […]

The US 100 index is currently trading close to its all-time high of 6,844.45 hit during Friday’s trading. Rising prices in recent weeks are setting a bullish picture for the index in the short-term. The RSI, which has been heading higher throughout this period, is supporting the view for a positive market bias. The indicator […]

The Bank of Japan (BoJ) will announce its policy decision during the Asian morning on Tuesday. No change in policy is expected and as such, focus will probably turn to Governor Kuroda’s press conference for any signals on whether the Bank is considering to alter its ultra-loose framework, as has been speculated recently. With inflation […]

During the night, we have a meeting of the Bank of Japan, which has gained in importance due to a growing global investors speculation regarding a possible tightening of monetary policy (after the bank reduced the pool of purchased government bonds). Nevertheless, market participants expect that BoJ will remain dovish, and Governor Kuroda’s will emphasize […]

The US Congress has failed to pass legislation on lengthening public administration finances, and from Saturday, federal employees can not go to work (for which they will not be paid). The weekend talks did not bring results, but the Senate is expected to return to the debate today at 05:00 GMT. Republicans and Democrats in […]

The GBPJPY currency pair has been gaining ground steadily since its low in autumn 2016. It has now reached a resistance level from late February of that year when a selloff in the market paused and a steep downtrend put in a minor low at 154.700. On the current Daily chart, this level corresponds with […]

Here are the latest developments in global markets: Forex: The dollar remained under pressure against its major counterparts during the European afternoon as the government shutdown on Friday limited any buying interest for the currency, driving the dollar index down to 90.43 (-0.13%). Dollar/Yen edged down to 110.68 after attempting to break above the 111 key-level, with the focus being on the […]

The British Pound demonstrated its best start since 2014, strengthening against the US dollar caused by the growing hopes for a soft Brexit, the expectations of the continuation of the cycle of normalization of the monetary policy of the Bank of England, and the unwillingness of the “Greenback” to regain position on positive news. On […]

Monday, there aren’t any tier 1 economic data releases scheduled. The main point of interest could be the Eurogroup meeting (the informal name of a meeting of Eurozone finance ministers, EU Commissioner and ECB president). This meeting is scheduled for 10.00am GMT and normally happens before a broader meeting of ECOFIN (ministers of finance of […]