Archive for Financial News

Colombia cuts rate 25 bps to counter softer economy

By     Colombia’s central bank cut its key interest rate by another 25 basis points to 7.25 percent and said inflation, economic activity and international developments would determine the pace of policy normalization.     It is the first policy easing by the Central Bank of Colombia this year but the second rate cut […]

Dow Jones hits tenth straight high

By IFCMarkets Dow Jones hits tenth straight high US stocks closed higher on Thursday on positive performance of energy stocks and Trump’s renewed pledges to major US companies to bring back jobs to the US. US dollar index, a measure of a greenback’s value against a basket of six major currencies, lost 0.2% to 100.82. […]

Gold glimmers as uncertainty mounts

Article by ForexTime The heightened political risks in the U.S and Europe have revived an appetite for safe-haven assets with Gold becoming an investor’s popular choice. This metal remains firmly tilted to the upside on the daily charts and the rapidly fading expectations of a U.S interest rate increase in March has inspired bullish investors […]

EUR/JPY Bearish ABCD Pattern in Progress

By Admiral Markets The EUR/JPY has been in downtrend since end of January and the drop is validated by bearish ABCD pattern . At this point we can see a confluence within 119.45-65 zone (inner trend line, ATR high, 38.2) and the pair might reject from the zone targeting 118.60 and 118.20. Weekly chart also […]

The Australian Dollar continues growing. Overview for 24.02.2017

Article By The AUD/USD pair is trading to the upside under the influence of the RBA’s comments on the interest rate. The Australian Dollar has been slowly growing against the USD for the third day in a row. The current quote for the instrument is 0.7717. today, the RBA’s Governor commented on the monetary […]

Forex Technical Analysis & Forecast 24.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” Being under pressure, the EUR/USD pair is moving upwards. Possibly, the correction may continue to reach 1.0640. At the moment, the price is expected to fall towards 1.0555 and then resume growing.   GBP USD, “Great Britain Pound vs US Dollar” Being under pressure, the GBP/USD […]

SUGAR: Technical Analysis – Lower production deficit estimate is bearish for sugar prices

By IFCMarkets Lower production deficit estimate is bearish for sugar prices The International Sugar Organization lowered world sugar production deficit estimate for 2016-17. Will sugar prices decline? The International Sugar Organization lowered its estimate for the world sugar production shortfall in 2016-17 by 324,000 tonnes, on an October-to-September basis. Despite a reduction in consumption estimate […]

GBPJPY trapped in a wedge

Article by ForexTime The bearish combination of Sterling weakness from the ongoing Brexit woes and Yen’s resurgence amid risk aversion could expose the GBPJPY to downside shocks. This pair may find itself under renewed selling pressures on the daily charts with a breakdown below 140.50 encouraging a decline towards 139.00 and 136.50 respectively. Technical lagging […]

Fed minutes came out less optimistic than expected

By IFCMarkets Dow Jones growth hits records US stocks closed marginally lower on Friday together with US dollar. The Fed February meeting minutes at which the rates were left unchanged, slightly disappointed investors. The majority of voting Fed Presidents expressed the opinion that risks of accelerating inflation are not high. There is enough time to […]

Wave Analysis 23.02.2017 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

Article By EUR USD, “Euro vs US Dollar” Probably, after finishing the impulse in the wave [i] and the correctional wave [ii], the EUR/USD pair started forming the wave [iii]. Consequently, after completing the local correction, the price is expected to continue moving downwards. More detailed structure is shown on the H1 chart. It’s […]

EUR/USD: As we had expected, FOMC minutes were not so hawkish

By Macroeconomic overview Many Federal Reserve policymakers said it may be appropriate to raise interest rates again “fairly soon” should jobs and inflation data come in line with expectations, according to the minutes of the Fed’s last policy meeting released yesterday. Fed Governor Jerome Powell, one of the voting members at the central bank’s […]

Fibonacci Retracements Analysis 23.02.2017 (EUR/USD, EUR/GBP)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair is being corrected to the upside. The closest target for bulls is the retracement of 61.8% at 1.0608. If the price rebounds from this level, the market may resume moving downwards. At the H1 chart, the local correction may take place in the […]

USD/JPY Master Candle Setup on Intraday Chart

By Admiral Markets As we could see on Live Trading Session yesterday both EUR/USD and USD/JPY went in profits. The USD/JPY long from 113.36 tested 113.65 providing approximately 30 pips before FOMC tanked the price.The chart shows previous Master Candles and their respective breakouts. At this point we can see that a Master Candle (MC) […]

EUR/USD: François Bayrou has reduced political risks in Europe

By Gabriel Ojimadu, Alpari Previous: Trading on the euro on Wednesday closed up. In the first half of the day, the euro fell against the dollar to 1.0494 on the back of a rise in premiums over political risks. A ricochet from the session minimum followed at 18:38 (GMT+3) after François Bayrou, leader of the “Democratic […]

Could the EURUSD be oversold?

Article by ForexTime The EURUSD has fallen under heavy selling pressure throughout trading this week, declining to levels not seen since the second trading week of 2017 just below 1.05. The catalyst for the sudden rush of downside momentum has been linked to fresh concerns from investors that Marine Le Pen might pull off a […]

XOM/BRENT: Technical Analysis – Oil price increase may trigger shale plays development

By IFCMarkets Oil price increase may trigger shale plays development In this report we consider studying the personal composite instrument (PCI) ”Exxon Mobil stocks against Brent”. It may increase in case Exxon Mobil stocks growth outpaces the Brent oil prices. In 2016 the oil service producer Exxon Mobil reported its lowest earnings in recent 20 […]