Archive for Financial News – Page 2

Politics Dominate Trading On Developments From Spain And New Zealand

By Orbex Blog Daily Forex Market Preview, 20/10/2017 The political developments in both New Zealand and Spain kept the markets busy on an otherwise calm Thursday. The Spanish government invoked Article 155 of the Spanish constitution in a bid to end the semi-autonomy for Catalonia. This comes amid the Catalonian leader Puigdemont threatened on Thursday […]

Daily Market Report – GBP/USD Imminent Breakdown October 20, 2017

By GBP/USD On  The Way Down The Currency pair dropped significantly today and resumed the yesterday’s bearish candle. Price is pressuring an important dynamic support and is somehow expected to take this out. The USD has taken the lead on the short term and drives the rate down as the USDX has managed to […]

Chile maintains rate but may cut on falling inflation

By       Chile’s central bank left its monetary policy rate at 2.50 percent but said inflation was expected to fall below expectations in the short term and the board will pay special attention to this risk “as it could require adjusting the policy rate.”       The Central Bank of Chile, which […]

Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017

By NZD/USD Erases Everything The NZD/USD plunged aggressively in the yesterday’s trading session and erased the last week’s gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, remains to see if this is a valid breakdown, or the rate will come back higher. Technically, it could come to […]

Daily Market Report – EUR/JPY Rising Wedge Invalidated October 19, 2017

By EUR/JPY Bulls In Control The currency pair increased sharply as the Yen was punished by the Nikkei’s rally. Price resumed the yesterday’s impressive bullish candle and stays above some important levels, a valid breakout will signal a further increase in the upcoming period. The Yen dropped surprisingly today as the Nikkei stock index […]

NZD plummets on new government

Article by ForexTime The New Zealand dollar has been under the pump today as traders have been quick to sell of positions and short the NZDUSD after the recent government change. With a new left leaning government, teaming up with some of the minor parties, markets are fearful of a number of changes they are keen […]

Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017

By Brent Oil Plunges   The price dropped sharply and erased the last two day’s gains. It could drop much deeper in the upcoming days if will close the day below the $57.30 per barrel.  Brent is very heavy right now and seems poised to turn to the downside again in the upcoming period. […]

U.K. retail sales disappoint, Catalonia in focus

Article by ForexTime Sterling found itself under immediate selling pressure on Thursday morning, after British retail sales tumbled in September. U.K retail sales slumped -0.8% in September, dragging the annualized figure lower to 1.2%, as rising inflation and subdued wage growth sapped consumers’ spending power. With wage growth still struggling to keep up with inflation […]

EUR/USD: Investors shrugged off Catalonia crisis and focus on ECB

By Macroeconomic overview: The Federal Reserve said the pace of growth in the U.S. was “split between modest and moderate” in its latest snapshot of the economy known as the Beige Book. The report covers August 29 to October 6. A stable economy and the tightest labor market in years, however, did little to […]

Hong Kong HK50: Technical – Positive data bullish for Hong Kong stock index

By IFCMarkets Positive data bullish for Hong Kong stock index Recent economic data indicate continued expansion of Hong Kong economy. Will HK 50 continue rising? Positive data point to continued expansion of Hong Kong economy. The Nikkei Hong Kong Purchasing Managers’ Index jumped to 51.2 in September from 49.7 in August. A reading above 50 […]

Forex Technical Analysis & Forecast 19.10.2017 (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 has been corrected upwards to return to 1.1813. We think, today the price may continue falling to reach the target at 1.1676.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair is being corrected towards 1.3246. Possibly, today the price […]

Fibonacci Retracements Analysis 19.10.2017 (GOLD, USD/CHF)

Article By XAU USD, “Gold vs US Dollar” As we can see at the H4 chart, after being corrected by 50.0%, the XAU/USD pair started forming a new descending impulse. However, the scenario, which implies that the downtrend may continue, is rather questionable. To continue falling, the price has to break the local low […]

EURUSD: rate expected to fall by the end of the day

By Gabriel Ojimadu, Alpari Previous: On Wednesday the 18th of October, trading on the euro/dollar pair closed up. After hitting a new weekly low, the price mounted a recovery to 1.1817 that extended into the Asian session. I can’t see any fundamental factors that would have caused the euro’s 87-pip rally. I reckon the price underwent […]

Asian equities flat as China’s GDP met expectations

Article by ForexTime Equities across the Asian markets were trading in a tight narrow range on Thursday, ignoring solid Chinese data and the new records on Wall Street, where the Dow Jones Industrial Average breached 23,000. FX markets are also struggling for direction, as traders look for signals from EU politics and who will lead […]

AUDUSD rebounded from 0.7818

AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.7986. Key support is now […]

All three main US stock indices log fresh records

By IFCMarkets Dow closes above 23000 US stock indices closed at fresh record highs on Wednesday as corporate reports kept beating expectations. 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, slipped 0.1% to 93.407. The S&P 500 added 0.1% settling at […]