Last minute burning forecast 16.11.2017 EURUSD: Buying with the rollback. On Wednesday, important news from the US was released: inflation for October and retail sales. In general, the news was moderate – inflation did not increase as much, the current level is at 1.8% (excluding gasoline and food) per annum. The Fed has no reason […]

Morning Report: 07.00 London This morning, the British Pound is slipping back after impressing yesterday with better than expected average earnings and claimant count change. The EUR/GBP is nudging higher again, with the GBP/USD dropping while the EUR/USD rallies. The Euro is outperforming, with the EUR/JPY rallying with intent. The Yen pairs are on the […]

Good morning, traders, you’re watching the Support and Resistance Level for Thursday. Euro/Dollar has lost some ground and now stands between R1 of 1 1790 and S1 of 1 1750. Standing at a 50 day moving average, R1 has found 5 matches. R2 is confirmed by Price Channel Indicator Upper Line, Bollinger Upper Band and […]

The US Labor Department released data on Wednesday showing the consumer price index edged up by 0.1% in October after climbing by 0.5% in September. The modest increase in consumer prices was in line with market expectations. CPI excluding food and energy prices climbed by 0.2% in October after inching up by 0.1% in the […]

USDJPY is in a broad neutral trend as the market remains trapped in a range between 108–114 during the past 8 months. In the short-term, the pair rose towards the upper end of the range but has found strong resistance and reversed back down from a high of 114.73. The bullish phase from 107.31 has […]

The problems surrounding the tax reform and the related weakness of the US dollar allowed “bulls” for the XAU/USD to go into a counter-attack. GOLD enjoys an increased demand for safe-haven during conditions when the risks of correction of the S&P 500 significantly grows. Indeed, the desire of Senate Republicans to connect its plan of […]

Wave summary: EUR/NZD is currently testing the previous high at 1.7216. This resistance will likely be able to cap the upside shortly, but it should just be a matter of time before this resistance is broken for a continuation higher towards 1.7770 as the next upside target. Short-term support is seen at 1.1714 and again […]

When the European market opens, some Economic Data will be released, such as Final Core CPI y/y, Final CPI y/y, and Spanish 10-y Bond Auction. The US will release the Economic Data, too, such as Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Philly Fed Manufacturing Index, Unemployment Claims, and […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Philly Fed Manufacturing Index, Unemployment Claims, and Import Prices m/m. So, there is a probability the USD/JPY will move with low to […]

Wave summary: Wave ii most likely completed with the test of 133.89 and a new impulsive decline to below 131.60 is now expected. A firm break below support at 131.60 will confirm continuation lower to 128.36 and 123.43 in wave (E). Under this count resistance at 134.50 must cap the upside for a break below […]

The price continues to inch lower and we’re starting to see major support at 85.53 (Fibonacci extension, horizontal swing low support) where we expect a bounce from to push the price up to at least 86.67 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,3,1) is seeing major support above 1.1% where we expect a corresponding […]

The price has continued to drop really nicely after breaking our key support area. We look to remain bearish and sell on strength below 0.9925 resistance (Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9826 support (head and shoulders exit potential, pullback support, Fibonacci extension). RSI (89) is under a lot […]

EUR/USD: The EUR/USD tested the resistance line at 1.1850 and then pulled back. Price has gained 200 pips this week; and thus, the pullback pales into insignificance when compared to the ongoing buying pressure in the market. The resistance line at 1.1850 would be tested again, and then beached to the upside as the market […]

USDX remains under pressure as the bears are trying to take the index to lower levels in the short-term. Currently, it’s being supported by the 93.55 level and such area could give up in order to extend the decline towards the 93.12 level. To the upside, nearest resistance lies at 93.98, which should be invalidated […]

GBP/USD remains capped by the resistance level of 1.3201, waiting for a catalyst that helps do a decisive move in coming hours or days. The 200 SMA at the H1 chart is acting as a dynamic support across the board, but thanks to the bearish price action, we can expect a leg lower below that […]

Right now, the global financial system seems to be light years away from the awful scare that occurred between 2007 and 2009. But, another “credit crisis” may be just around the corner. Learn how credit availability in this major nation is expected to change during the next three months. Learn How the Wave Principle Can […]

Will EUR/USD drop from here? It looks like we are seeing some massive resistance! The material has been provided by InstaForex Company – www.instaforex.com

Not stocks, bonds, seashells or Yap stones either…   ONE KEY requirement of money, writes Adrian Ash at BullionVault, is that it doesn’t drop 27% of its purchasing power inside 4 days…   …only to regain all that drop again in the following 72 hours.   This kind of hyper-volatility signalled the death of the […]

Following a disappointing report on Australian wage growth on Wednesday, the Australian Bureau of Statistics is due to give an outline on the state of the labor market at 0030GMT on Thursday. Unlike wage forecasts which projected a rise in earnings, analysts anticipate the economy to create fewer jobs in October, maintaining the unemployment and participation rates steady at their previous levels. If the […]

Markets remained in risk-off mode in European trading on Wednesday, with risk assets coming under pressure while safe-havens flourished. The US dollar extended its losses against the Yen despite another batch of solid data out of the United States today. The Euro rallied to a one-month high against the greenback, but the Pound remained range-bound. […]

Let’s find out what’s moving and shaking on the FX Markets at 3 PM GMT on this Wednesday. Australian Dollar plummeted against the Japanese Yen during the early trading hours and the pair stands 1.17% in the red to post the day’s biggest move. US stocks are on a slide and safe-haven Japanese Yen tops […]

USD/JPY is under pressure. The pair is under pressure below the key resistance at 113.70. The declining 20-period and 50-period moving averages maintain the downside bias. The relative strength index lacks upward momentum. To conclude, as long as 113.30 is not surpassed, look for a further drop with targets at 112.50 and 112.30 in extension. […]

Let’s see which news releases could move the currency markets on Wednesday, the 16th of November. This is the Economic Calendar. UK Retail Sales for October are up first at 9:30 AM. Sales slipped unexpectedly in September, following 3 months of growth. The final reading of Euro Zone October CPI is out at 10. The […]

EUR/GBP has been quite bullish recently after bouncing off the 0.8750 support area. The pair is expected to surge up higher in the coming days. EUR has been in a better position than GBP in light of economic reports from the eurozone along with favorable market sentiment. The recent rate hike by the Bnak of […]

Charles Evans, a dovish Chicago Fed official, said in his interview with CNBC television that the yield curve of US debt remains relatively smooth. In his view, FOMC members should pay attention to the dual purpose set in advance, albeit further highlighting the key drivers of consumer price dynamics. Evans allowed inflation to hit 2.0% […]