Trading plan for 31/10/2017: Tuesday’s Asian session did not bring any change in volatility. USD/JPY is trading around 113.00 after the Bank of Japan maintained its policy stance unchanged while revising downward inflation projections for 2017 and 2018. EUR/USD is closed in a range between 1.1625 and 1.1650. GBP/USD is trading near 1.32. The two […]

EUR/USD: What has recently happened on the EUR/USD is what can best be described as a rally in the context of a downtrend. Further rally may take price towards the resistance line at 1.1700, which would be tested before price goes downwards. Otherwise, a breach of the resistance line at 1.1750 would result in a […]

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- October 31th, 2017

It might be Halloween day, but don’t let that be an excuse for your broker to spook you with inadequate price feed, compare it with these benchmark stats to keep them in check. Euro/Dollar’s long term average and maximum spreads are point 27 and 1.6 pips respectively. The pair has walked in a total range […]

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 the 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 […]

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. […]

In Asia, the Nikkei 225 remained flat, while the Topix, Japan’s broader gauge of equity performance, lost 0.3%. Hong Kong’s Hang Seng slid 0.3% while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 contracted by 0.2% and the South Korean Kospi advanced by 0.9% to close at an all-time high. Japanese benchmarks were impacted by […]

WTI Oil futures are trending higher and have shifted to a more bullish bias after breaking above the 53.00 level. The recent rally stalled at 54.43, a level not seen since late February. Risk is to the upside but the market is now consolidating recent gains and is pivoting around the 54.00 level after upside […]

The US dollar index has pulled back towards the 38% Fibonacci retracement of the latest rise from 93.50. The decline looks corrective and it is more probable to see new highs in the index. The level of 95.45 remains our bounce target but not to be traded as I prefer to wait for a selling […]

GOLD price made a higher high in the very short term yesterday, breaking above and out of the downward sloping wedge, but price remains below the 4 hour Cloud resistance. The trend remains bearish. Blue line – resistance Red line – support Gold price is trading above both the tenkan- and kijun-sen indicators in the […]

Foreign exchange markets and specifically the US dollar were cautious to break fresh ground during Tuesday’s Asian trading as a combination of bearish and bullish factors left traders waiting for more clues. The probe of links between the Trump campaign and Russia led to house arrests and criminal indictments the previous day, such as that […]

USD/CAD has been quite bullish recently which is currently quite corrective and showed some bullish rejections off the 1.2800-50 resistance area. USD has been positive with the economic reports which helped the currency to gain momentum against CAD. Today is going to be a volatile day for CAD as the GDP report is going to […]

GBP/USD has been quite corrective and volatile recently residing inside the price range from 1.3130 to 1.3270. GBP has been quite mixed with the economic reports whereas the market sentiment has been USD biased recently. Market participants anticipate that the BOE will increase the interest rates from 0.25% to 0.50%, which is expected to lead […]

These are the Main Daily Trading Signals for Tuesday. Here’s how the technicals compare with the interbank at 8 AM GMT. First up is the Euro/Dollar with 4 and 5 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly bearish, but the interbank is neutral at less than 9% long, […]

1. Overnight, the greenback slipped 0.4% against a basket of currencies after reports that former aides of U.S. President Donald Trump, including former campaign manager, Paul Manafort, were charged by federal authorities probing Russian interference in the 2016 election. USD/JPY dropped 0.03% to 113.15, while AUD/USD was quoted at 0.7682, down 0.08%.   2. GOLD […]

With Governor Carney’s speech slated for Thursday at 12.30 GMT, markets are pushing back their glasses pondering if this might be the first UK rate hike in almost a decade – even though most analysts previously expected a hike within two years.   The UK economy experiencing unexpected growth fueled the interest rate hike assumption. […]

For all those online investors eager to attend the free Forex trading seminars hosted by XM in Italy this year, we have organized a series of such educational events, the latest of which took place in the city of Florence on 28th October. Our XM company representatives, together with event speaker Lorenzo Sentino, were delighted […]

EUR/NZD – Daily EUR/NZD – 8 Hourly Wave summary: As long as support at 1.6794 is able to protect the downside, we will continue to look higher for a test of the 1.7988 target. In the short term, a break above resistance at 1.7208 is needed to confirm the expected rally higher to the 1.7988 […]

EYR/JPY – Weekly EUR/JPY – 8 Hourly Wave summary: We are looking for the completion of wave (D) of a huge triangle consolidation, that began way back in July 2008. The ideal target for this (D) wave is seen at 137.37. However, the break below 131.60 is questioning whether this (D) wave could have completed […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has been moving in waves and now stands between R1 of 1 1670 and S1 of 1 1630. Standing at a 20 day moving average, R2 sees 9 confirmations, and R1 counts a 100 day moving average […]

Morning Report: 07.00 London This morning, the Euro is continuing to under-perform the Pound and losing ground against the US dollar. This comes despite positive signs of stability in the region with pro-independence parties expected to lose their majority in the coming elections. The Australian dollar is lower today, with the AUD/JPY dropping for the […]

USD gave up some of its recent gains on news that investigators had charged President Trump’s former campaign manager regarding the investigation of Russian interference in last year’s US Presidential Campaign. Trump’s former campaign manager Paul Manafort and another aide, Rick Gates, were both charged with money laundering on Monday. It was also announced on […]

GBPUSD maintains a neutral bias in the short term and has been trading sideways in the 1.31 to 1.33 range during the past 3 weeks. Technical indicators on the daily chart are neutral, suggesting that broader range trading will continue for now. RSI and MACD are both moving sideways and are slightly in bearish territory. […]

We would like to inform our clients that due to All Saints’ Day and Thanksgiving Day, both of which take place in November, the trading hours of various instruments will be affected between 1 November and 26 November 2017. The normal trading hours will be resumed from then onwards. Please review the tables below to […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Aussie & Kiwi slip further. -Monetary policy & equities. -BOJ no change but sees steady econ growth. -China PMI data disappoints. -Samsungs Q2 profit “goldmine”. -FOMC members gather at the Fed. -The worlds debts in one chart. The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]