Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

Wednesday brings the latest update on US inflation, and it’s definitely worth a closer look. UK September Labour Report is up first at half past 9 AM. The unemployment rate remained at its 42-year low in August and employment went up. Euro Zone Trade Balance for September follows at 10. Trade surplus widened in August […]

Ahead of a busy day in terms of economic data out of the UK, the US and the Eurozone, the Pound moved lower as doubts over May’s leadership continued weighing on the currency, while markets were also cautious whether British lawmakers would approve the government’s Brexit bill. The aussie was the biggest winner of the session, gaining on business […]

These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar has bullish signals prevailing on its short and mid-term charts, while the long-term scale turns neutral with 5 models, and it is in line with the 10% long interbank. Next up is the […]

Last minute burning forecast 14.11.2017 EURUSD: Trade growth: Buying is preferred. The EURUSD pair is steady near weekly highs, which indicates its goal to maintain its growth. There are no important news: The closest important news is on Wednesday 15.11 – inflation data in the US for October. If you hold positions for buying the […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 1690 in resistance and 1 1660 in support. Standing at a 20 day moving average, R1 sees 6 confirmations, and R2 is a 100 day moving average with 3 models. Bollinger […]

China’s economy has been robust throughout 2017 as a continued recovery in manufacturing and industrial sectors, a healthy property market and surprisingly strong exports have helped push growth in the first three quarters close to 6.9%. However, data on Tuesday from the Chinese National Bureau of Statistics showing fixed-asset investment growth declined to 7.3%, through […]

Our summer-autumn seminar road trip across Malaysia reached the city of Kuantan on 11th November, welcoming online investors to the free XM seminar titled Confluence Techniques in Forex trading. Since the beginning of 2017, XM has been extensively engaged in organizing forex trading seminars in various Malaysian cities with the goal to educate novice online […]

GBPUSD is neutral in the short-term and trading in a range between 1.3026 and 1.3337 following a decline from 1.3656. The RSI and MACD are neutral as momentum has weakened, suggesting the consolidation phase is expected to continue in the near term. Risk it tilted to the downside as gains have stalled in the past […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -S&P says Venezuela has defaulted. -Has the Kiwi found its feet? –Brent Crude slips with energy stocks in Asia, -Key UK Inflation data & central bankers on tap. -Where does EZ growth come from? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New […]

There is a promising “buy” signal on the EUR/USD. Since the low of last week (1.1553), the price has gone upwards by 120 pips; now above the support line at 1.1650. The next target is the resistance line at 1.1700, which would be reached very soon. The resistance line is supposed to be exceeded after […]

Wave summary: There was no time for a correction to 1.6614. EUR/NZD moved straightly higher as wave iii of (iii) of 3 is gathering traction towards the next upside target at 1.7770 and 1.8430 longer terms. Support is now seen at 1.6855, this support will ideally protect the downside for the rally through 1.7216 on […]

Wave summary: We continue to look for a little more upside closer to 133.15 to complete wave ii. From here renewed downside pressure should be expected as wave iii lower starts to develop a decline towards 128.36 on the wave lower to the ideal (E)-wave target at 123.43. Short-term support is seen at 132.46 and […]

Technical outlook: The EUR/USD pair continues to drift sideways ahead of former price resistance around 1.1690 levels as seen above. The pair is trading around 1.1670/75 levels at this moment and might be looking to turn lower one last time before producing a meaningful rally ahead. Please note that the wave structure remains unchanged from […]

GBP/USD has been quite volatile and corrective recently and residing below the resistance level of 1.3130 with a daily close. GBP has been quite worse with the economic reports recently whereas the Interest Rate hike also could not help the currency gain some momentum over USD. Today several GBP and USD high impact economic reports […]

Morning Report: 07.00 London This morning, the NZD/USD is experiencing heavy selling despite inline Chinese economic data. The NZD/USD is down 0.61%. By contrast, the Australian dollar is performing well, with the AUD/USD rising against yesterday’s losses. The AUD/JPY is following tack. The Pound continues to underperform ahead of today’s headline inflation figures where CPI […]

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When the European market opens, some Economic Data will be released, such as ZEW Economic Sentiment, Industrial Production m/m, German ZEW Economic Sentiment, Flash GDP q/q, Italian Prelim GDP q/q, German Final CPI m/m, and German Prelim GDP q/q. The US will release the Economic Data, too, such as Core PPI m/m, PPI m/m, NFIB […]

In Asia, Japan will get the BOJ Gov Kuroda Speaks, and the US will release some Economic Data, such as Core PPI m/m, PPI m/m, NFIB Small Business Index, and Federal Budget Balance. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. […]

There was no response against the argument. No matter how good the macroeconomic indicators of the UK have been lately, the bulls in the GBP/USD are not able to fight political risks. Strong data on industrial production and foreign trade allowed the British Pound to go above the base of the 32nd mark against the […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 History shows that in the world of finance, government regulations usually embrace a trend after it’s been in force for years — and usually when the trend is about turn. With this in mind, learn why investors should be weary of what financial authorities are expressing now. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can […]

USD/JPY is expected to trade with bearish outlook. Despite the recent pullback, the pair is still trading below the declining 50-period moving average, which plays a resistance role. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Hence, as long as 113.75 holds on the upside, look for a […]

Following encouraging evidence on Britain’s industrial output on Friday, the upcoming data on consumer prices on Tuesday are expected to show that British inflation continues to grow above the BOE’s target and likely pushing the Pound higher. However, inflation drivers are not demand-led but a result of exchange rate weakness, challenging the BOE Governor, Mark […]

In the absence of major economic releases during today’s European session trading, Forex markets were focused on upcoming data, a central banking conference set to take place tomorrow and developments on the political front, in particular Brexit and the US tax reform. Sterling was the worst performing major currency. The dollar’s index against a basket […]

Our first target which we predicted in previous analysis has been hit. The pair is again turning down after the short rebound, and also broke below its 50-period moving average. The relative strength index is turning down, and calls for a new drop. Last but not least, the nearest resistance at 0.9980 maintains the strong […]