Archive for Financial News

EURUSD dips below 1.09

Article by ForexTime The Euro was under pressure during Wednesday’s trading session with prices eventually dipping below 1.0900 as of writing. Although bulls remain somewhat in control on the daily charts, there is still a potential risk of the EURUSD tumbling lower if uncertainty heightens ahead of the second round of the French presidential elections […]

Orange Juice: Technical Analysis – Demand for orange juice may increase in summer

By IFCMarkets Demand for orange juice may increase in summer The US Department of Agriculture (USDA) reported a decline in the stocks of frozen orange juice and a drop in crops. Will the orange juice prices rise? According to data on 03/31/2017, the stocks of frozen orange juice in the US amounted to 502, 22 […]

Murrey Math Lines 26.04.2017 (EUR/USD, USD/CAD)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair finally managed to fix above the 7/8 level. As a result, in the nearest future the market may test the 8/8 level. If later the pair rebounds from this level, the pair may be corrected towards the 6/8 one. The lines at the […]

Turkey holds key rate, raises lending rate to curb inflation

By CentralBankNews.info     Turkey’s central bank left its benchmark one-week repurchase rate steady at 8.0 percent but raised its late liquidity lending rate by a further 25 basis points to 12.0 percent and held out the prospect of further rate hikes to prevent a deterioration in the inflation outlook.     While the Central Bank […]

Upbeat earnings support US stocks rally

By IFCMarkets Trump to unveil tax cut plan US stocks ended higher on Tuesday after Monday’s rally on back of better than expected corporate reports. The dollar continued the slide as investors awaited unveiling of Trump’s tax cut plans: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s […]

Forex Technical Analysis & Forecast 26.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair is still forming its ascending structure. We think, today the price may reach 1.0962 and then fall towards 1.0907. All possible extensions to the upside should be considered as an alternative scenario. The market may start plummeting and resume the downtrend at any […]

Sterling, Trump and Gold in focus

Article by ForexTime The Brexit-related jitters may return with a vengeance in the coming weeks if complications arise from the European Union government toughening their negotiation positions. Official Brexit talks have yet to commence, but the EU has already dished out fresh demands, focusing on residency rights and even limits on financial services. While Theresa […]

AUDUSD is forming a triangle pattern

AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400 area. Resistance is at 0.7586, a break of this level will confirm that the downtrend from 0.7749 had […]

​GBP/JPY Strong Bullish Zig Zag Pattern

By Admiral Markets The GBP/JPY has been bought on dips after Macron won the first round of French elections. Our Session Recap setup went as expected and now we see a continuation. Equities went bullish and GBP/JPY followed, reaching 143.00 zone. At this point we see a huge MACD divergence which might drop the pair […]

USD surges on positive data

Article by ForexTime USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show casing a strong resurgence in the housing market as confidence has been taking off. However, CB consumer confidence dipped to […]

Risk-off, Macron-on

Article by ForexTime The Macron-inspired risk-on rally has bolstered investor risk sentiment, with the hunt for risk elevating world stocks to record highs during Tuesday’s trading session. Asian equities marched to a near two-year high on Tuesday amid the risk-on trading mood and the bullish momentum supporting European stocks. With the perceived market-friendly Macron first-round […]

Forex Technical Analysis & Forecast 25.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” The EUR/USD pair is consolidating. We think, today the price may fall towards 1.0820 and then return to 1.0870. Later, in our opinion, the market may break this range to the downside and fall to reach 1.0737. the local target is at 1.0784.   GBP USD, […]

USDJPY: Forex Technical Analysis – Preparing for the Bank of Japan meeting

By IFCMarkets Preparing for the Bank of Japan meeting Early on Thursday morning, April 2017, the next meeting of the Bank of Japan will take place. Investors do not exclude any statements about the loosening of monetary policy. Will the Japanese yen weaken? ? On the USDJPY chart, it shows as increase. On Tuesday, the […]

Murrey Math Lines 25.04.2017 (EUR/USD, USD/CHF)

Article By RoboForex.com EUR USD, “Euro vs US Dollar” After yesterday’s gap, the EUR/USD pair is still consolidating. Possibly, the price may test the 7/8 level once again. If later the pair rebounds from this level, the market may start a new descending correction towards the 4/8 one. The lines at the H4 and H1 […]

Global equities rally after French election results

By IFCMarkets Nasdaq closes at record high US stocks rebounded on Monday joining the global rally after centrist Emmanuel Macron came ahead in first-round presidential elections in France relieving fears of a euroskeptic-only runoff. The dollar weakened as haven demand subsided with renewed euro optimism: the live dollar index data show the ICE US Dollar […]

USDJPY stays in a ascending price channel

USDJPY stays in a ascending price channel on 4-hour chart and remains in short term uptrend from 108.13. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 112.00 area. On the downside, a clear break below the channel support will indicate […]