GBP/JPY is expected to trade with a bullish outlook. The pair bounced off its horizontal level at 153.10, which acts as a strong support role, and should limit any downside room. In addition, the relative strength index has broken above its neutrality area at 50 and is mixed to bullish now. Therefore, as long as […]

NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its key support at 0.7245 and is likely to post a new rebound. The intraday relative strength index is turning up, which should confirm a bullish outlook. Hence, as long as 0.7245 holds on the downside, […]

Technical outlook: The EUR/USD pair is into its 5th wave of the rally that began in 2017 since 1.0350 levels. As labeled here, the probability remains for a drop towards 1.1950 levels at least as the termination point of wave 4 of a lesser degree. On the other hand, a drop towards 1.1717 levels would […]

When the European market opens, there will only be Eurogroup Meetings, but the US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2427. Strong Resistance:1.2411. Original Resistance: 1.2384. Inner Sell Area: 1.2357. Target Inner […]

Wave summary: We continue to look for a slightly deeper correction in wave ii. Ideally, wave ii will make it lower to 1.6679 before completing and turning prices higher in wave iii towards 1.7360 on the way towards the long-term target at 1.7777. Only a direct break above minor resistance at 1.6839 will indicate that […]

Today, Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with a low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.37. Resistance. 2: 111.15. Resistance. 1: 110.93. Support. 1: 110.67. Support. 2: 110.45. Support. 3: 110.23. Disclaimer: Trading Forex (foreign exchange) on margin […]

Wave summary: As expected a B-wave top was close by. We still need a firm break below 134.95 to confirm that wave B has peaked and wave C lower to 131.11 is developing. Short-term resistance is seen at 136.05 and again at the b-wave peak at 136.31. R3: 136.64 R2: 136.31 R3: 136.05 Pivot: 134.95 […]

Supporters of the bill on temporary financing of the US government could not get the required number of votes on Friday, and for the first time since 2013, US federal agencies stop working because of a lack of funding. Supporters of the bill failed to gain the necessary 60 votes to put the matter to […]

Eurozone While the United States is shaking with political storms, the eurozone is confidently moving towards economic prosperity. In any case, such a conclusion is quite appropriate against the background of improving the majority of macroeconomic indicators. The balance of the current account reached a trade surplus of 32.5 billion euros in November, along with […]

This past week, many major currencies climbed to fresh multi-month and multi-year highs against the U.S. dollar. The Australian dollar and British Pound were the best performers, adding 1% to their gains. The Euro, Canadian dollar and Japanese Yen lagged behind but still managed to eek out small profits in what became the fifth consecutive […]

This past week, many major currencies climbed to fresh multi-month and multi-year highs against the U.S. dollar. The Australian dollar and British Pound were the best performers, adding 1% to their gains. The Euro, Canadian dollar and Japanese Yen lagged behind but still managed to eek out small profits in what became the fifth consecutive […]

This past week, many major currencies climbed to fresh multi-month and multi-year highs against the U.S. dollar. The Australian dollar and British Pound were the best performers, adding 1% to their gains. The Euro, Canadian dollar and Japanese Yen lagged behind but still managed to eek out small profits in what became the fifth consecutive […]

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 Weekly financial news by- Binary.com- January 21st 2018

With mood rising across Europe, stocks are following suit. Even Brexit is being talked about in less urgent terms. Yet, in this new interview with ElliottWave TV, our European Financial Forecast editor, Brian Whitmer, tells you why — from his point of view — this is not the time to relax. Editor’s note: In Part […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Today, many mainstream market strategists anticipate a healthy pullback in this high-flying bull market. We’ve seen such sentiment before… 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

Overview The GBP/JPY pair provided a new positive close recently above 153.70 level to confirm the domination of the bullish bias. The pair is expected to resume the expected positive attack. The stochastic has reached the overbought level that eases the way towards gaining extra momentum. The pair is to achieve more of the targets […]

Overview GOLD price keeps trading with a bullish bias to move away from the key support of 1,321.49. We still suggest the bullish scenario valid for the short term.Let me remind you that our next target is located at 1,357.53 as breaching it represents the key to rally towards 1,375.00 followed by 1,404.00 levels as […]

Overview Silver price continues to fluctuate around 17.00 level, while stochastic attempts to gather the positive momentum on the daily time frame. In general, the bullish trend scenario remains active in the short term as long as 16.55 level is intact. Let me remind you that our upward targets begin at 17.43 and extend to […]

Let’s see what’s moving and shaking among the 8 major currencies on this week’s last trading day. Canada/Yen has had a bearish day and the decline puts the pair point 55% in the red, which is the top move. Safe-haven Japanese Yen leads the advancers and decliners table. Euro Zone current account surplus expanded and […]

The Bank of Japan and the European Central Bank will follow in the footsteps of the Bank of Canada to hold their first policy of 2018 in the next seven days. With speculative trade on the timing of the eventual stimulus withdrawal by both central banks driving the Euro and the Yen higher over the […]

The Euro started the year with a bang, buoyed by expectations that the European Central Bank (ECB) is likely to begin scaling back its massive stimulus program later this year. Can the single currency continue to gain, or have markets discounted too much too early, setting the stage for a near-term correction? While the financial […]

GBPAUD remains under pressure and risk is still to the downside as prices continue to trade below the 1.7430 resistance level. The price had a strong sell-off following the rebound near the 1.8000 strong psychological level. The short-term technical indicators are holding near their neutral levels. The RSI indicator is flattening near its 50 level, […]

Join EasyMarkets’ Senior Global Strategist James Trescothick in his interactive webinar, where he will cover the basics of Technical Analysis in today’s fast moving markets how to use channels to spot potential opportunities.   REGISTER NOW The post Trading the Forex market using channels appeared first on Forex.Info.

The political turmoil in Germany is doing its best. On Sunday there will be a congress of the German SPD party, on which there are big chances to reject the idea of forming the Great Coalition with Angela Merkel’s CDU party. In this case, Germany may wait for repeated elections or the CDU will decide […]

The Government Shutdown threat still active The US Dollar is feeling the weight of the dispute in the US Congress in a dozen or so hours before the deadline, for which funding must be fixed for public administration activities, otherwise, public employees may stay home from tomorrow. The House of Representatives approved the bill extending […]