Archive for Financial News

GBP/JPY Direct Drop After the Bearish SHS

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The GBP/JPY has dropped after the bearish SHS variant has been formed in 4h time frame. We can see how the trend line break caused a direct drop to W L5 camarilla pivot. This is the important zone 147.00-15. We might see a spike towards […]

Global equities fall as trade war fears persist

By IFCMarkets Industrials lead stock market pullback US stocks retreated Tuesday as trade war concerns weighed on market. The S&P 500 ended 0.3% lower at 2724.44 led by industrial stocks down 1.3%. Dow Jones industrial average lost 0.7% to 24834.41. The Nasdaq composite index fell 0.2% to 7378.46. The dollar strengthening resumed: the live dollar index data show the ICE US Dollar index, a […]

UPDATE-This week in monetary policy: Ghana, Hungary, Nigeria, Argentina, Paraguay, South Korea, South Africa, Ukraine, Pakistan & Colombia

By     (Following item is updated with Pakistan’s central bank, the State Bank of Pakistan (SBP), which will announce its monetary policy for the next two months on Friday, May 25.)      This week – May 20 through May 26 – central banks from 10 countries or jurisdictions are scheduled to decide […]

EUR and NZD come under pressure

Article by ForexTime The Euro has been having a bad couple of weeks recently as political uncertainty continues to weigh heavily on the Euro, and a resurgent USD has caused some weakness as well. The main focus over the last few weeks has been the recent Italian elections with the five star party coming to […]

Pound finds a friend in BoE’s Vlieghe, Gold gains

Article by ForexTime The battered Pound was thrown a temporary lifeline on Tuesday, after hawkish remarks from MPC committee member Gertjan Vlieghe slightly stimulated UK rate hike expectations. Vleighe stated during his parliamentary reappointment hearing that interest rates could rise up to six times over the next 36 months. Sterling jumped to an intraday high […]

AU200: Technical Analysis – Stocks undergoing correction amid cheaper raw materials

By IFCMarkets Stocks are undergoing correction amid cheaper raw materials Stock prices of the Australian mining companies fell following the decline in iron ore prices in China. Will S&P/ASX 200 prices fall? The share of commodity companies in the index is 18%. On Monday, iron ore prices on the Dalian Commodity Exchange fell by more […]

Japanese Candlesticks Analysis 22.05.2018 (GOLD, NZDUSD)

Article By XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after reaching the support level, forming several Hammer, Inverted Hammer, and Engulfing reversal patterns, and updating its low, XAUUSD has been corrected again. Judging by the previous movements, it may be assumed that after finishing the correction the price […]

Ichimoku Cloud Analysis 22.05.2018 (AUDUSD, NZDUSD, USDCAD)

Article By AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7584; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7550 and then continue moving upwards to reach 0.7675. However, the scenario that Implies […]

EURUSD: bulls trying to develop the upwards correction

By Gabriel Ojimadu, Alpari Previous: On Monday the 21st of May, trading on the euro closed up. At the beginning of the European session, the single currency dropped to 1.1717 before rebounding. The euro initially rose against the dollar to 1.1779 and climbed further to 1.1796 during the US session. The euro fluctuated on the back […]

U.S. – China trade truce optimism fades in Asia

Article by ForexTime U.S. investors got overexcited on Monday after Treasury Secretary, Steven Mnuchin, announced over the weekend that the trade war with China was “on hold.” The relief over trade concerns sent stocks sharply higher, particularly the heavyweight industrial stocks. Boeing, United Technologies, Caterpillar and General Electric were the best-performing stocks on the Dow […]

Intraday Analysis 22nd May 2018 – USD maintains gains as trade tensions ease

By Orbex Daily Forex Market Preview, 22/05/2018 The U.S. dollar continued to strengthen on Monday. The gains came as the markets opened to the weekend news reports about the U.S. Treasury Secretary announcing that the U.S. had put on hold its trade war against China. Both administrations are expected to chalk out a mutually beneficial […]

USD/JPY Progressive Zig-Zag Potentially Targeting 111.60

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The USD/JPY has formed a progressive Zig-Zag pattern and at this point it seems like bullish momentum is shaping up for a new push higher. 110.90-111.05 is the POC zone and if the price manages to stay above 110.70 we might see higher levels. Next […]

US equities rally as trade war fears ease

By IFCMarkets Dow closes above 25000 US stocks recovered Monday on receding US-China trade war fears. The S&P 500 rose 0.7% to 2733.01 led by industrial stocks up 1.5%. Dow Jones industrial rallied 1.2% to 25013.29. The Nasdaq composite index advanced 0.5% to 7394.04. The dollar weakened: live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against […]

AUD lifts on positive risk sentiment

Article by ForexTime It has been a positive day for the Australian dollar today as the markets were buoyed by increased risk sentiment. Clearly markets have been enjoying the strong USD over the last few weeks, but are looking to expand their horizons and the Australian dollar has come back into focus as a result. […]

Ghana cuts rate 100 bps on subdued risks to inflation

By       Ghana’s central bank lowered its monetary policy rate by a further 100 basis points to 17.0 percent on subdued risks to the inflation outlook and “while global and domestic developments do not yet pose a threat to inflation in the near term, recent changes in global financing conditions and its […]

Lean Hogs: Technical Analysis – Strong export demand bullish for pork prices

By IFCMarkets Strong export demand bullish for LHOG Rising US pork exports point to strong pork demand. Will the LHOG continue rising? The US Department of Agriculture estimated new pork export sales for May 4-10, 2018 week at 21,900 tons, up 33% from the previous week and 12% from the prior 4-week average. Higher demand […]