If you’ve been following the entire cryptocurrency saga – you might have noticed that the rock-star of cryptocurrencies experienced a significant drop. We saw BITCOIN floundering around the $10,000 mark yesterday and slightly recovering today to $11,273.65 (indicative price at the time of writing), due to fears of a chain-reaction initiated by South Korean regulation […]

AUDJPY is edging higher and is trying to retest the more than two-month high slightly above the 89.00 strong psychological level. The price was supported by the 20-day simple moving average several times during the previous sessions, failing to drop below it. Momentum indicators are moving in the positive areas in the short-term with the RSI just below the 70 level, heading to […]

UK retail sales data for December are due for release at 0930 GMT on Friday, with forecasts pointing to a tumble in monthly terms, but a rebound on a yearly basis. The actual prints could show whether the squeeze in real incomes continues to weigh on consumer spending, and may go a long way in […]

GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China’s economy accelerated last year for the first time since 2010.   Gold prices popped $5 higher but failed to hold above $1330 per ounce as […]

The Bank of Canada hiked the overnight rate from 1.00% to 1.25% yesterday, just as expected by the market consensus. This interest rate hike was previously priced in by market at 90%. In the BoC Rate Statement, the bank stressed that the economic situation justifies further increases, but high private indebtedness and growing concerns about […]

The recent ECB comments regarding the further interest rate hike has left a lot of the traders confused. The period of easy EUR/USD gains has just ended and market participants are returning to the tactical field survey. On the one hand, the market remains convinced that it is right and believes that the ECB will […]

BITCOIN (BTC) has been trading sideways at the price of $11.700. Chicago Board Option Exchange (Cboe) historic bitcoin futures market has had its first month, and results are decidedly mixed depending on the analyst. Some see the experiment as a dud, while others champion the mainstreaming of the cryptocurrency. So far, bears are trouncing bulls. […]

BITCOIN has been come under bearish pressure recently which led the price to fall towards $9,200 price area, from where the price bounced off in an aggressive price action, quickly rejecting the bears off to reside above $11,000 price level. The volatility of the bitcoin has been high due to the recent regulatory and coin […]

EUR/GBP has been impulsive with retracements recently inside the tight corrective structure above the support area of 0.8750. Due to recent positive economic reports on the GBP side, EUR has been struggling to keep up with the mixed economic reports to push the price higher. Today, the UK RICS House Price Balance report was published […]

Friday brings this year’s first US consumer confidence data, so let’s find out more. German Producer Price Index for December is up first at 7 AM. November data surprised on the downside as the Index saw its weakest growth in 6 months. Swiss Producer Price Index for December follows at quarter past 8, and the […]

Dollar weakness was a dominant market theme this week. Sterling jumped to levels not seen since the June 2016 amid market optimism over a soft Brexit outcome. In the Commodities arena, WTI Crude was on standby while GOLD ventured lower. -The #EURUSD remains bullish on the daily charts – #GBPUSD bulls are eyeing 1.3850 – […]

Here are the latest developments in global markets: Forex: The dollar index deviated below one-week highs reached earlier in the Asia session, edging down to 90.62 (+0.10%). Higher US Treasury yields and hopes on corporate tax repatriations contributed positively to the index’s performance earlier. Dollar/Yen was flat at 111.24 (-0.03%) and dollar/swissie tumbled to 0.9592 […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.3882. According to the 30M time – frame, I found a bullish breakout of the pivot point at the price of 1.3840. I also found a broken horizontal base, which is another sign of strength. My advice is to watch for potential buying […]

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 the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.2245. According to the 30M time frame, I found a fake breakout of yesterday’s low at the price of 1.2195, which is a sign that selling looks risky. I also found a valid breakout of pivot level (1.2228), which is a sign that […]

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. […]

European stock markets are looking for direction after bullish sentiment in the U.S equity markets and upbeat economic data from China. U.S markets got a boost from the recent tax changes and news of Apple paying about $38bn in tax on cash held outside the U.S and that the company plans to build a new […]

EURCHF has eased in the previous two days after it hit a three-year high of 1.1830 earlier this week. Prices broke above the 1.1800 psychological level on January 12 and are trading above their moving averages in the daily chart. It is worth mentioning that the pair has been developing within an upward sloping channel since August 2017. Short-term momentum indicators […]

GOLD reached a more than a four-month high of 1344 during the past week, after an aggressive bullish rally from the 1236 support level. However, over the last two daily sessions, the price bounced off on the aforementioned resistance obstacle and posted a bearish move. The short-term technicals seem to be negative and point to more weakness in […]

Record-breaking start to the new year has some investors cheering, some worried. Our ElliottWaveTV anchor sat down with Robert Kelley, our U.S. stocks intraday opportunities analyst, to get his take on the tone of this year’s trading, so far. Editor’s note: In Part 2 of this new interview, Robert tells you if the bull market […]

For centuries, GOLD has been an important resource. Yet, gold has also been a major source of mystery. Is it a currency? Is it a commodity? Gold has been an important resource for centuries. It has been found in caves dating back to 30,000BC. The first evidence of human interaction between gold and humans can […]

Crude Oil is the most important resource in the world. Without oil, the other resources that we enjoy would not be available at large scale. As a result, countries with huge oil reserves are some of the most successful. Take Norway as an example. This is a country of about 6 million people but it […]

As BITCOIN trading is becoming the new main market in Japan, leading financial companies are entering to offer services that help preserve their market share. MUFG, the largest bank in the country, is currently planning to launch its own stock exchange and cryptocurrency. The largest Japanese bank and the fourth largest in the world, has […]

The Asian part of the session was marked by the growing US Dollar weakness across the board. Only the Canadian Dollar was behaving relatively neutral to USD and finished the night at -0.1%, and that was only because of comments made by Donald Trump about the renegotiation of NAFTA decisions. The Reuters agency clearly draws […]

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