Welcome to the weekly outlook starting this Monday 16 October. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This is shaping up to be an action-packed week full of key economic indicator releases across the globe. We’ll be getting inflation data out of the UK and […]

EURUSD is neutral since the end of September after pulling back from 1.2091, the highest level since December 2014. The pair is consolidating below 1.1900 around the 50-day moving average. Near-term risk is tilted to the downside with immediate support at 1.1660. EURUSD is expected to remain soft. The recent recovery from the 1.1660 area […]

Overview: The EUR/USD pair fell from the level of 1.1836 towards 1.1716. However, the trend rebounded to the key level around the spot of 1.1873/1.1800. Right now, the price is set at 1.1804. The resistance is seen at the levels of 1.1836 and 1.1911. Volatility is very high for that the EUR/USD pair is still […]

EUR/NZD – Daily EUR/NZD – 4 Hourly Wave summary: The deep decline from 1.6760 is not consistent with our previous count, therefore we have been forced to revise our count from the 1.4536. The rally to 1.6237 is now labeled as wave (i) and the corrective decline to 1.5237 as wave (ii) and the ongoing […]

EUR/JPY – Weekly EUR/JPY – 4 Hourly Wave summary: We continue to look for wave C towards at least 130.73 and possibly even lower as wave (E) of the huge triangle consolidation develops. We will like to stress that (E)-waves can be sub-normal, but it should move closer to 127.50 before completing. The question only […]

Overview: The GBP/USD pair continues to move upwards from the zone of 1.3017. The first support level is currently seen at 1.3017, the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3017, which coincides with the 61.8% Fibonacci retracement level. This […]

When the European market opens, some Economic Data will be released, such as Trade Balance and German WPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance and Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL […]

In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data, such as Federal Budget Balance and Empire State Manufacturing Index. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.60. Resistance. 2: 112.38. […]

The price has broken a strong resistance level which has led to a change in our momentum from bearish to bullish. We prepare to buy on dips above 87.93 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 88.82 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) sees […]

The price dropped strongly from our selling area and has reached our profit target. We prepare to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 133.42 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,3,1) is seeing major support at 3.7% and […]

Forex Market Reviews: https://pepperstone.com/en/forex-news/market-review -North Korea may have hacked allied war plans says Seoul. -Brazilian Real rallies vs USD. -PBOC governor calls for urgent financial reforms in Chi. -Further signs of Japans improving economy. -UK consumers continue to spend. -Who owns physical Bitcoins? The overnight changes and price moves to be aware of by Pepperstone’s […]

Friday brought a few positive news to the dollar at once. Retail sales in September rose by 1.6%. This growth was the highest since March 2015, which contributed to the elimination of the effects of hurricanes and the associated increased demand for cars and building materials. The rise in energy prices due to a decrease […]

Eurozone The growth of industrial production in the eurozone increased in August by 1.4% compared to July, an annual growth rate of 3.8%, and the highest level growth rate over the past nine years. Strong data has been expected by the market. Currently the focus is on the ECB meeting on October 26, which may […]

After rising for 4 weeks straight, U.S. dollar bulls have lost control. The greenback sold off against all of the major currencies, losing nearly 2% of its value versus sterling and falling more than 1% against the Euro, Australian and New Zealand dollars. For many currencies, this week is significant because it is the first […]

After rising for 4 weeks straight, U.S. dollar bulls have lost control. The greenback sold off against all of the major currencies, losing nearly 2% of its value versus sterling and falling more than 1% against the Euro, Australian and New Zealand dollars. For many currencies, this week is significant because it is the first […]

After rising for 4 weeks straight, U.S. dollar bulls have lost control. The greenback sold off against all of the major currencies, losing nearly 2% of its value versus sterling and falling more than 1% against the Euro, Australian and New Zealand dollars. For many currencies, this week is significant because it is the first […]

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 Weekly market outlook by- Binary.com October 15th, 2017

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 A group of stock market bears has just done an about-face. One of EWI’s analysts describes the switch as “stunning.” A chart helps to explain. http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading

Morning Report: 07.00 London This morning, the British Pound remains positive after receiving a boost yesterday. Despite the usual negotiation noises from both sides, there appear to be genuine hopes as the EU appear to be offering the UK a two year transition deal. The GBP/USD ended higher, with the EUR/GBP slumping. The dollar pairs […]

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USDX continues to strengthen the bearish bias on a short-term basis, but still remains supported by the psychological level of 93.00. If that zone gives in to the bears’ force, the index could look to extend the downside towards the 91.67 level. However, if it manages to rebound, focus should be shifted to the resistance […]

GBP/USD has found a strong resistance in the 200 SMA vicinity and is looking forward to testing the October 6th lows in coming days. Following that pullback, the pair is forming a fractal around the 1.3150 level and possibly this is the move before resuming the bearish bias. To the upside, the moving average remains […]

Weekend is almost here, so let’s find out how the 8 major currencies line up on the advancers and decliners table at 3 PM GMT. New Zealand/Canada made most of the gains late in the session and the pair stands point 92% in the green to post the day’s top move. A couple of commodity […]

While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. The widely-expected data on US […]

Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. Chinese Party Congress, Japanese trade data and elections further ahead and […]