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Daily financial news by- Binary.com- November 28th, 2017

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- November 28th, 2017

Stock Market Update – European stocks higher; miners dominate FTSE decliners as metals continue retreat; US tax reform eyed

Most major Asian benchmarks finished lower during today’s trading though their losses were limited. The Nikkei 225 closed marginally lower and Japan’s broader gauge of equity performance, the Topix, was down by 0.3%. Hong Kong’s Hang Seng finished only marginally down, and the Shanghai Composite added 0.3%. Chinese equities posted a rebound after being under […]

Stock Market Update – European stocks higher; miners dominate FTSE decliners as metals continue retreat; US tax reform eyed

Most major Asian benchmarks finished lower during today’s trading though their losses were limited. The Nikkei 225 closed marginally lower and Japan’s broader gauge of equity performance, the Topix, was down by 0.3%. Hong Kong’s Hang Seng finished only marginally down, and the Shanghai Composite added 0.3%. Chinese equities posted a rebound after being under […]

Bitcoin analysis for 28/11/2017

Many investors believe that the upcoming stock market crash, the solution will be BITCOIN, which is bought by more and more people from all over the world. Analyst Mikhail Maschenko said that the interest of cryptocurrency will hit the global markets, leading to the understanding that this is not the end of the bull market:”The […]

What Do You Know About Crude Oil?

The ubiquitous commodity that runs the world – Oil has arguably helped create the modern world. Its cleaner than coal, it enables commerce, industry and transport of people and goods. It has been used for millennia and ancient Herodotus says it was used in building Babylonian walls and towers. The Chinese are considered the first […]

Trading plan for 28/11/2017

Except for the NZD rally, the rest of the foreign exchange market almost did not show any sign of life on early Tuesday, which should be considered a nice change after yesterday’s fluctuations. The disclosure of the speech of the nominee to the new chairman of the Fed’s Powell brought no surprises. The stock market […]

Ichimoku indicator analysis of USDX for November 28, 2017

The Dollar index as expected is bouncing and reversing its course off the 61.8% Fibonacci retracement and the 92.50 level which was our target. I believe that we are now in the early stages of the next upward move towards 97. Worst case scenario for bulls would be a shallow bounce towards 94 and a […]

Ichimoku indicator analysis of gold for November 28, 2017

GOLD price continues to trade inside the upward sloping trading range but in an overlapping price formation. Price reached the upper channel boundaries yesterday and got rejected. Gold will eventually break lower. My short-term target is at $1,250. Blue lines – bullish channel Gold price is trading above the 4-hour Kumo (cloud). Trend is bullish […]

Last minute burning forecast 28.11.2017

Last minute burning forecast 28.11.2017 EURUSD: Growth is under pressure. Buying – only with a rollback. New data on the US economy has been released. Sales of new homes rose above the forecast, to 685,000 per year. The impulse received by the Euro from resolving the political crisis in Germany has worn down. In addition, […]

Elliott wave analysis of EUR/NZD for November 28, 2017

Wave summary: The corrective rally from 1.7134 was stronger than expected but peaked at 1.7393 and renewed downside pressure towards 1.6619 is now expected. A break below support at 1.7134 will confirm the expected decline. Short-term resistance is seen at 1.7296 that should be able to cap the upside for the break below important support […]

Elliott wave analysis of EUR/JPY for November 28, 2017

Wave summary: Our preferred count remains bearish for a decline towards the ideal target at 123.43 in wave (E). The decline from 134.50 to 131.42 is counted as minor wave i and the following rally to 133.89 as wave ii. Wave iii is currently developing and should take us lower to at least 128.91 on […]

Nov 28th, 2017: Kiwi Out Performs as Aussie Falters

Morning Report: 07.00 London This morning, the Kiwi is out performing, with the NZD/USD one of the top performers this morning despite the dollar index making gains. The Aussie dollar has continued to falter though. The AUD/USD is unchanged while the AUD/JPY makes small gains. The dollar index is slightly higher, but the dollar pairs […]

USD Languishes

USD continues to languish at 8-week lows against many of its peers, as the markets are concerned over possible delays to the US Tax Reform Plan. Senator John Cornyn, the Senate Republicans’ whip, said on Monday “Hopefully we will get to the floor on Wednesday.” Asked to clarify if he meant the vote to proceed […]

USD Languishes

USD continues to languish at 8-week lows against many of its peers, as the markets are concerned over possible delays to the US Tax Reform Plan. Senator John Cornyn, the Senate Republicans’ whip, said on Monday “Hopefully we will get to the floor on Wednesday.” Asked to clarify if he meant the vote to proceed […]

Technical Analysis – GBPUSD maintains positive outlook above 1.30

GBPUSD is pivoting around its 50-day moving average, remaining mostly neutral for now, with risk tilted to the upside. The corrective move of the uptrend to 1.3656 appears to have stabilized above the key 1.3000 level after the sell-off from September 20 to October 6 has turned into a consolidation phase. The outlook is positive since the […]

Technical analysis of EUR/USD for Nov 28, 2017

When the European market opens, some Economic Data will be released such as German GfK Consumer Climate, Private Loans y/y, M3 Money Supply y/y, and German Import Prices m/m. The US will release the Economic Data, too, such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, […]

Technical analysis of USD/JPY for Nov 28, 2017

In Asia, today Japan will not release any Economic Data but the US will release some Economic Data, such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, and Goods Trade Balance. So, there is a probability the USD/JPY will move with a low to medium volatility […]

GBP/USD reacting strongly from our selling area, remain bearish

The price has risen and tested our selling area before reacting off it strongly. We remain bearish looking to sell below major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support). Stochastic (55,3,1) also sees […]

AUD/USD dropping nicely from our selling area, remain bearish

The price has made a fake breakout before reversing strongly from our selling area. We remain bearish looking to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension, bearish divergence) and we expect to see a strong drop from this level to push the price down to […]