GBP/JPY is expected to continue the upside movement. The pair posted a strong rebound last night, and is now above its 20-period and 50-period moving averages. The relative strength index has reversed up, and is displaying strong bullish momentum. In which case, as long as 148.90 holds on the downside, look for a continuation of […]

Wave summary: EUR/JPY has tested important resistance at 131.60 again. The failure to break right through indicates a more complex wave ii correction is building in form of a flat correction. This mean a new rally to 131.15 should be expected shortly to complete wave c of ii and set the stage for the next […]

Morning Report: 07.00 London This morning, the NZD/USD is one of the top performers after the RBNZ opted for a hawkish tone that points to rate hikes sooner than previously expected. The dollar pairs are generally higher with the exception of the AUD/USD, with the dollar index slipping lower despite Trump’s Asia trade talks. The […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –BITCOIN spikes on postponed fork talk. -5 central bankers speaking today, -Japanese equities hit the highs & sell off. -Trump and Xi sign $250 bln in trade deals. -Make me an offer- the EU ask the UK for a figure. -UK house prices & mortgage approvals. The overnight changes and price […]

Overview: The NZD/USD pair has already tested the zone of 0.6963. The NZD/USD pair will probably continue to move upwards from the level of 0.6963. However, the first resistance level is seen at 0.6963 followed by 0.6981 and 0.7003, while the weekly support 1 is seen at 0.6889 (major support this week). According to the […]

Overview: The trend of USD/CHF pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.9938 and 1.0037. Also, the daily resistance and support are seen at the levels of 1.0037 and 0.9938 […]

When the European market opens, some Economic Data will be released, such as EU Economic Forecasts, ECB Economic Bulletin, and German Trade Balance. The US will release the Economic Data, too, such as 30-y Bond Auction, Natural Gas Storage, Final Wholesale Inventories m/m, and Unemployment Claims, so, amid the reports, EUR/USD will move in a […]

In Asia, Japan will release the Economy Watchers Sentiment, 30-y Bond Auction, Current Account, Core Machinery Orders m/m, Bank Lending y/y, and BOJ Summary of Opinions data, and the US will release some Economic Data, such as 30-y Bond Auction, Natural Gas Storage, Final Wholesale Inventories m/m, and Unemployment Claims. So, there is a probability […]

You’re watching the Economic Calendar for Wednesday, the 9th of November. Here’s a rundown of the most important news releases. Swiss Unemployment Rate for October is up first at quarter to 7 AM, and the seasonally adjusted rate inched even lower in September, reaching its lowest level in more than 3 years. German Trade Balance […]

The uncertainty surrounding the tax reform, the growth of geopolitical risks in the Middle East and the visit of Donald Trump to Asia allowed the bulls in GOLD to restrain their opponents who are on the offensive. There were rumors in the market that the start of the transformation of the fiscal system in the […]

Robert Kelley, the editor of our U.S. Stocks Intraday Pro Service, talks with ElliottWaveTV’s Dana Weeks about U.S. stocks and reveals how much longer he expects the current “quiet” environment to last. Editor’s note: Part 2 of this interview – where Robert tells you why bullish sentiment and low volatility are SO dangerous – is […]

It’s 3 PM GMT on this Wednesday, so let’s see where the 8 major currencies stand. Sterling/New Zealand has been on a sharp decline since early trading hours and the pair stands point 85% in the red to post the day’s top move. Commodity currencies are having a bullish session and New Zealand Dollar tops […]

In the absence of important data releases, the US tax story remained front and center during today’s European session trading. Housing data out of Canada did gather some attention. The Energy Information Administration’s (EIA) weekly report out of the US, which is due later in the day, has the capacity to generate some movement in […]

The EU 50 stocks index has turned bearish in the short term after the recent upleg became overstretched. The RSI is trending down after scaling overbought levels, pointing to a downside momentum in the near term. Further losses could see prices finding immediate support from the middle Bollinger band at 3638. A move to the […]

Market participants expect the RBNZ to maintain its key interest rate at 1.75% together with the neutral outlook for the monetary policy. NZD has undergone a strong influence on political risk, which seems a little exaggerated. With such a neutral position, optimistic RBNZ may be a pretext for short positions on NZD and short-term currency […]

The demand for workers remained strong in the US in September, with 6.1M (versus 5,9M a month ago) job openings registered at the end of the month. The number of openings relative to the size of the employment base was unchanged in September at a cycle high of 4.0%.After moving sideways for much of 2016, […]

The BITCOIN (BTC) has been trading upwards. The price tested the level of $7,517. Sweden’s financial regulator has issued a statement outlining a number of risks pertaining to ICOs. The document describes “ICO” as a “term used as the designation for launching a new token or other form of digital access based on… crypto”. Technical […]

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 […]

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. […]

Recently, the EUR/USD has been trading sideways at the price of 1.1590. According to the 15M time – frame, I found that price failed to test pivot resistance 1 at the level of 1.1617, which is sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another […]

Recently, GOLD has been trading upwards. The price tested the level of $1,282.40. Anyway, according to the 15M time – frame, I found successful rejection from pivot resistance 1 at the price of $1,280.70, which is sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another […]

This is Wednesday’s Midday Snapshot brought to you by the Dukascopy TV Team. Euro/Dollar’s rate movement has been flat, but the pair has attracted a typical amount of funds. Sentiment of the traders is neutral, at an even balance. Calm rate movement is what suggests no significant shifts in trading accounts are likely. Pound/Dollar has […]

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 8th, 2017

Morning Report: 07.00 London This morning, the Australian dollar is weaker after Chinese trade balance figures came in below expectations. The AUD/USD is sitting at the low end of its trading range and challenging the lows, while the AUD/JPY is set to extend its bear run. The NZD/USD had been performing relatively well, but is […]

AUD/USD has been very volatile and corrective recently showing no directional bias after the break below the 0.7750 area. Yesterday, RBA announced its policy decision, so the regulator maintained the cash rate unchanged at a record low of 1.50% as expected. The decision did not quite help USD to gain momentum against AUD till now […]