Archive for Financial News

EURUSD: rebound from the LB balance line likely

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 21st of November, trading on the euro/dollar pair closed slightly up (+6 pips). In Europe, the euro dropped against the dollar to 1.1713. By the end of the day, the price had recovered to 1.1752. A decline in US bond yields weakened the dollar across the board, giving […]

XAU/USD Analysis: Bearish SHS Pattern in Progress

By Admiral Markets Gold spot – XAU/USD is currently forming a bearish SHS pattern (head and shoulders) while still capped below the descending trendline. At this time we need to see if the retracement will reach the POC zone. The POC zone 1286.55-1289.58 (W L3, ATR pivot, historical double top/sellers) if reached could reject the […]

Strong earnings support US stocks rally

By IFCMarkets All three main indices log fresh records US major stock indices ended at record highs on Tuesday on positive corporate reports. The dollar weakened: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.1% to 93.98. The S&P 500 rose 0.7% to […]

Ichimoku Cloud Analysis 22.11.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7571; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7585 and then continue moving downwards to reach 0.7460. […]

Global stocks rally, Sterling on standby ahead of UK budget

Article by ForexTime The healthy combination of rising corporate profits, strong global growth and cautious optimism over U.S. corporate tax cuts, simply reinvigorated global equity bulls on Tuesday – boosting stocks across the globe. Asian shares headed for a record close during early trading on Wednesday, following Wall Street’s robust gains overnight. European markets concluded […]

U.S. dollar flat on Yellen’s speech. FOMC in focus

By Orbex Blog Daily Forex Market Preview, 22/11/2017 The U.S. dollar was seen trading mixed as the dollar weakened against the yen and the price action against the euro was subdued. On the economic front, data was also limited. The Fed Chair, Janet Yellen spoke yesterday where she said that the central bank was reasonably […]

Nigeria holds rate, easing would hit naira, boost inflation

By       Nigeria’s central bank left its monetary policy rate (MPR) at 14.0 percent, as expected, saying a loosening of policy now would boost growth and demand but also aggravate the upward trend in consumer prices and generate pressure on the exchange rate, ultimately leading to a deterioration in the current account […]

S&P 500 hits record high

Article by ForexTime The US equity markets jumped sharply today on the back of positive economic data as US home sales m/m came in strongly at 5.48M (5.40M exp). This is a fairly positive twist as US home sales have been falling over the past few months, as winter is generally seen as a less popular […]

Hungary holds rate, launches 2 tools to hold down yields

By        Hungary’s central bank left its key interest rates unchanged but went against the general trend in European monetary policy by launching two new unconventional instruments aimed at ensuring “the persistence of loose monetary conditions over a prolonged period.”       The National Bank of Hungary (NBH), which has maintained its […]

Rumors make Oil go up

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex The oil market has another reason to recover. At the beginning of last week, they were selling oil because there were rumors that Russia had no interest to extend the OPEC+ agreement, but at the end of it the price movement direction changed to the opposite. Saudi Arabia […]

Gold under pressure, Sterling struggles for direction

Article by ForexTime Gold collapsed like a house of cards during Monday’s trading session, with prices dipping below $1275 thanks to a strengthening US Dollar. The violent price action witnessed in recent days, continues to highlight the intensity of the battle between the bulls and bears. Although renewed political uncertainty in Europe is likely to […]

EUR/USD: Use dips as fresh buying opportunities

By Macroeconomic overview: German President Frank-Walter Steinmeier will meet the party heads of the Greens and the FDP today in an attempt to revive the Jamaica coalition negotiations and to avoid new elections. Tomorrow, Steinmeier will also meet SPD party chairman Martin Schulz. In our view, the chances of a successful resumption of the coalition […]

GOLD/SP500 XAUSnP: Technical Analysis – Political risks contribute to growth of precious metals

By IFCMarkets Political risks contribute to the growth of precious metals’ prices Gold prices increase on the background of unceasing disagreements between the Republicans and the Democrats in the United States. At the same time, there is a possibility for the stock market to correct after the end of the quarterly earnings season. Will the […]

Ichimoku Cloud Analysis 21.11.2017 (AUD/USD, NZD/USD, USD/CAD)

Article By AUD USD, “Australian Dollar vs US Dollar” The AUD/USD pair is trading at 0.7541; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7550 and then continue moving downwards to reach 0.7420. However, the scenario […]

Murrey Math Lines 21.11.2017 (AUD/USD, NZD/USD)

Article By AUD USD, “Australian Dollar vs US Dollar” At the H4 chart, the AUD/USD pair is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 3/8 level (0.7507), rebound from it, and then resume growing to reach the upside border of the range at the 5/8 one (0.7629). As we can see at the H1 chart, […]

EURUSD: uncertainty in Germany continues to weigh down on the euro

By Gabriel Ojimadu, Alpari Previous: On Monday the 20th of November, trading on the euro/dollar pair closed down. The euro was under pressure from the off due to the fact that German chancellor Angela Markel has failed to reach an agreement with other parties to form a coalition government. After a drop to 1.1722 (-73 pips), […]