Archive for Financial News

Zambia cuts rate another 50 bps on steady inflation

By CentralBankNews.info        Zambia’s central bank continued to ease its monetary policy stance by cutting its policy rate and the reserve requirement to support economic growth and promote a stable financial system, and forecast inflation in the lower bound of its inflation target over the next eight quarters.       The Bank of […]

Pound sinks on soft U.K labour report; FOMC minutes in focus

Article by ForexTime Investors wasted no time in attacking the Pound on Wednesday, after data showed Britain’s unemployment rate ticked higher for the first time in nearly two years. The Office for National Statistics reported that the rate of unemployment rose from 4.3% to 4.4% in the three months to December. Although average weekly wage […]

EURAUD: Forex Technical Analysis – Preparing for important statistics in Australia

By IFCMarkets Preparing for the publication of important statistics in Australia In this review, we want to consider the dynamics of the currency pair euro against the Australian dollar. Is there a possibility for EURAUD quotes to decline? It means the weakening of the euro against the Australian dollar. The dynamics of the Australian dollar […]

Fibonacci Retracements Analysis 21.02.2018 (GBPUSD, EURJPY)

Article By RoboForex.com GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD is finishing the local ascending correction, which has reached the retracement of 38.2%. The next downside targets are the retracements of 50.0% and 61.8% at 1.3695 and 1.3543 respectively. The main resistance level is the high […]

Forex Technical Analysis & Forecast 21.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com EURUSD, “Euro vs US Dollar” EURUSD continues falling towards 1.2200. Today, the price may form another consolidation range below 1.2365. If later the instrument breaks this range to the downside, the market may reach 1.2255; if to the upside – start another correction towards 1.2400. Risk Warning: the results of previous trading […]

Forex market review (21/02/18)

By Veselin Petkov, Alpari The EURUSD pair is currently in the red, trading at around the 1.2324 mark as we await the opening of the European session. This marks a 64-pip drop for the euro for the euro from yesterday. The euro’s decline against the greenback over the last few days has facilitated a rise […]

SP500 Adam and Adam Double Bottom Pattern in Progress

By Admiral Markets Source: Admiral Markets MT5 with MT5SE add-on The SP500 has formed Adam and Adam double bottom pattern. Adam pattern is very similar to a W shaped reversal pattern except for the two related bullish spikes that distinguish the pattern from the W bullish. Point 1 and Point 3 form the basis while […]

US stocks end lower

By IFCMarkets Dow, S&P 500 snap 6-day win streak US stocks ended lower Tuesday after markets opened following Presidents Day holiday. The S&P 500 lost 0.6% to 2716.26. Dow Jones industrial average dropped 1% to 24964.75. The Nasdaq composite index slipped 0.1% to 7234.31. The dollar strengthening accelerated as bond yields rose: the live dollar index data show the ICE US Dollar index, a […]

Dollar flexes its muscles… but for how long?

Article by ForexTime The Dollar was king against a basket of major currencies on Tuesday, as investors shrugged off heightened fears about the U.S budget deficit. With the Greenback currently rebounding from three-year lows, could this be the start of an incredible rally or another dead cat bounce? There is a suspicion that the bull’s […]

WTI Uptrend is Intact While the Price is Above 61.50

By Admiral Markets Source: Admiral Markets MT5 with MT5SE add-on The WTI is being held within the upward ascending channel trying to make a positive momentum push above 62.10. The POC zone 61.80-62.00 could reject the price towards 62.60, the confluence of W H3 / D H3 camarilla pivot. A 4h candle close above 62.60 […]

AUD Hampering GDP Growth

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex The Australian dollar has reached February highs against the USD last week. This was because of both the fundamentals and the negative attitude towards the greenback which allowed the other currencies to grow in value. The Reserve Bank of Australia meeting statement was released today, and it says […]

GBPAUD: Forex Technical Analysis – Brexit negotiations fall behind the schedule

By IFCMarkets Brexit negotiations fall behind the schedule In this review, we want to consider the dynamics of the currency pair British Pound against the Australian dollar. Is there a possibility for GBPAUD quotes to reduce? It means a weakening of the British pound against the Australian dollar. On February 16, 2018, British Prime Minister […]

Japanese Candlesticks Analysis 20.02.2018 (USDCAD, AUDUSD)

Article By RoboForex.com USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, USDCAD is getting closer to the resistance level again; it has formed Harami, Engulfing, and Doji reversal patterns. Judging by previous movements, it may be assumed that the instrument may rebound from the level once again. Risk Warning: […]

Ichimoku Cloud Analysis 20.02.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7923; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7920 and then continue moving upwards to reach 0.8040. Another signal […]

Forex market review (20/02/18)

By Veselin Petkov, Alpari As today’s European session approaches, the EURUSD pair is trading at 1.2388 (-0.14%), so the euro has been slowly declining against the dollar since the end of last week. The US dollar index (DXY) has been given a boost thanks to the dollar’s rise on multiple pairs and is now trading […]

USD maintains gains amid thin trading

By Orbex Blog Daily Forex Market Preview, 20/02/2018 The U.S. dollar managed to hold on to the gains made from Friday as the U.S. markets were closed on Monday. Trading was broadly limited ahead of Wednesday’s FOMC meeting. With the USD posting some gains, most other major currencies were seen easing back, albeit only slightly. […]