Archive for Financial News

World stocks elevated by renewed risk appetite

Article by ForexTime Investors marched into Tuesday’s trading session adopting a “risk-on” attitude after US lawmakers reached a deal to end a government shutdown. Asian stock markets ventured higher during early trading on Tuesday, following Wall Street’s record gains overnight. In Europe, shares climbed to fresh highs as optimism over sustained global growth continued to […]

ROBUSTA: Technical Analysis – World reserves of green coffee dropped to the 5-year low

By IFCMarkets World reserves of green coffee dropped to the 5-year low The US reserves of green coffee fell to the 3-year low in December 2018. Will the ROBUSTA quotes grow? According to the Green Coffee Association (GCA), the green coffee reserves declined by almost 300 thousand bags (60 kg) in November of 2017. The […]

US Senate approved short-term spending bill until February 8, 2018

By IFCMarkets On Monday, the US stock indices rose and updated historic highs The US Senate approved the extension of government funding until February 8 of this year. After this the spending bill will be submitted to the House of Representatives for approval. All this, in fact, cancels the risks of the government shutdown and increases […]

Japanese Candlesticks Analysis 23.01.2018 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs. US Dollar” After almost reaching the resistance level, the EUR/USD pair has formed several Engulfing, Doji, and Shooting Star reversal pattern. The patterns may indicate that the price may reverse soon. A possible downside target will be the support level at 1.2073.   USD JPY, “US Dollar vs. […]

FTSE100 Double Bullish Confluence

By Admiral Markets The FTSE100 is showing double bullish confluence close to D L3, and D L4 supports. We can spot the W pattern that is also the head of a bigger – inverted head and shoulders pattern. 7710 zone could spike the price to the upside and continuation of bullish move should happen if […]

Ichimoku Cloud Analysis 23.01.2018 (AUD/USD, NZD/USD, USD/CAD)

Article By AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7987; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.7970 and then continue moving upwards to reach 0.8130. […]

EURUSD: triangle formation

By Gabriel Ojimadu, Alpari Previous: On Monday the 22nd of January, trading on the euro closed slightly down against its opening price, and slightly up against Friday’s closing price. It was a very volatile day. I still can’t figure out why the market fluctuated so much and what traders were reacting to throughout the day. Trading […]

Bank of Japan leaves monetary policy unchanged

By Orbex Blog Daily Forex Market Preview, 23/01/2018 The Bank of Japan’s monetary policy meeting held earlier today saw the central bank leaving interest rates and its QQE purchases unchanged. The Japanese yen was seen strengthening on the back of the BoJ’s meeting. Governor Kuroda is expected to hold a press conference in a few […]

Appetite for risk returns as U.S. Government shutdown ends

Article by ForexTime The rally in Asian equities resumed on Tuesday taking the lead from Wall Street after U.S. government shutdown came to an end on Monday. Although reaching a deal to fund the government for another 17 days is positive news, it isn’t necessarily the key driver of investors’ decisions. After all, government shutdowns […]

Pound bulls extend gains on weaker USD

Article by ForexTime It’s Monday madness as always with the US government shutdown dealing a blow to the dollar and markets as always storming onwards when it comes to trading. One of the surprise winners today was the GBPUSD which has continued its strong run against the USD once again. While being notably bullish over […]

The US Senate has not been able to confirm the Budget yet

By IFCMarkets The US government shutdown occurs not for the first time On Friday, the US stock market continued to increase. Dow Jones rose, and S&P 500 and Nasdaq updated historic highs. This was contributed by the positive reports for the Q4 of Nike Inc, Philip Morris International and Home Depot companies. Although the Dow index closed “in the […]

HEATING OIL: Technical Analysis – The US is increasing oil production

By IFCMarkets The US is increasing oil production The International Energy Agency (IEA) forecasts that the US oil production will exceed 10 mln barrels per day in the near future. Will the HEATOIL quotes decrease? According to the US Department of Energy data for January 12, 2018, the US oil production increased to 9.75 mln […]

Fibonacci Retracements Analysis 22.01.2018 (GOLD, USD/CHF)

Article By XAU USD, “Gold vs US Dollar” At the H4 chart, the divergence made the XAU/USD pair start a new descending correction. The targets are the retracements of 23.6%, 38.2%, and 50.0% at 1319.17, 1303.11, and 1290.61 respectively. At the H1 chart, the pair may move towards the local high at 1344.64. After […]

Forex Technical Analysis & Forecast 22.01.2018 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming another descending structure with the target at 1.2060. Later, in our opinion, the market may start another correction to reach 1.2185.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair has completed the first descending impulse along with […]

The EUR/USD may have run out of puff

By Adinah Brown From a technical standpoint, it may be of relief to traders with EUR/USD short positions, that the pair may be out of momentum to push higher. If the currency trades around the current rate until the end of the week, we may see the chart throw up a convincing bearish doji candle […]

EURUSD: euro bears have closed the morning gap

By Gabriel Ojimadu, Alpari Previous: On Friday the 19th of January, despite a price surge to 1.2296, trading on the euro/dollar pair closed down. The euro dropped against the dollar to 1.2214 before trading closed in Chicago. The euro’s decline was brought about by a rise in US bond yields as well as market participants awaiting […]