Archive for Financial News – Page 2

Safe havens look weaker ahead of FED meeting

Article by ForexTime Markets have been a little quieter today as USD bulls and bears are waiting on the upcoming Wednesday FOMC announcement regarding the interest rate. It’s all but priced in by now and almost seems certain, however markets are focused on the statement shortly after that around the US economy. The Tax plan […]

RICE: Technical Analysis – Increase forecasted in the world rice reserves

By IFCMarkets The Food and Agriculture Organization of the United Nations forecasts an increase in the world rice reserves The rice production is increasing in a number of developing countries. At the same time, a limitation of rice imports to the EU and a growth of the world reserves are expected. Will the rice quotes […]

Fibonacci Retracements Analysis 11.12.2017 (GOLD, USD/CHF)

Article By XAU USD, “Gold vs US Dollar” As we can see at the H4 chart, after breaking the high at 1260.42, the XAU/USD pair continued falling towards 1243.40. This level is very close to the upside border of the post-correctional extension area between the retracements of 138.2% and 161.8% at 1241.86 and 1232.22 […]

Global stocks firm as Bitcoin steals the show

Article by ForexTime Market players have dashed into the new trading week, adopting a risk-on attitude after November’s strong NFP report and progress in the US tax reform initiatives, boosted risk sentiment. Most Asian Indexes ventured higher during trading on Monday, thanks to a return of risk appetite following the better-than-expected Chinese trade figures on […]

EUR/USD: Dollar weakens on slow wage growth

By Macroeconomic overview: U.S. nonfarm payrolls rose by 228k jobs last month amid broad gains in hiring as the distortions from the recent hurricanes faded, Labor Department data showed on Friday. The government revised data for October to show the economy adding 244k jobs instead of the previously reported 261k positions. November’s report was the […]

Forex Technical Analysis & Forecast 11.12.2017 (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 is being corrected towards 1.1792. Later, in our opinion, the market may continue falling inside the downtrend to reach the next target at 1.1700 and then form another consolidation range.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair is […]

EURUSD: rebound from the 45th degree expected

By Gabriel Ojimadu, Alpari Previous: On Friday the 8th of December, trading on the euro/dollar pair closed slightly down. The euro dropped to 1.1730 ahead of the payrolls report, recovering to 1.1772 after its publication. The US employment data that came out on Friday wasn’t bad. The US added 228,000 new nonfarm jobs in November against […]

Key Bounce or Break Decision Zones for Major Currencies

By Admiral Markets Hi Traders, The EUR/USD is facing key resistance at 1.18 which could be a bounce or break spot. A bullish breakout could indicate an uptrend whereas a bearish bounce could extend the wave C. The GBP/USD is showing bearish price action but strong support trend lines still stand in the way. The […]

Bitcoin future trading kicks off; Investors awaiting central banks decisions

Article by ForexTime Trading bitcoins entered a new phase today, after Chicago’s CBOE listed the first futures contract on the cryptocurrency. The initial reaction was beyond expectations with the futures contract climbing more than 20% and triggering two trading halts. CBOE’s website experienced unprecedented traffic which may well have sent a new benchmark, the frenetic […]

US stocks gain on strong jobs report

By IFCMarkets SP 500, Dow log fresh records US broad stock market ended higher on Friday on stronger than expected November jobs report. The dollar strengthening continued as data showed 228 thousand new jobs were created, more than a 195 thousand expected addition. The live dollar index data show the ICE US Dollar index, a measure of the […]

EUR/JPY Potential Inverted Head and Shoulders on Intraday Charts

By Admiral Markets The EUR/JPY looks like it is forming an inverted head and shoulders pattern- Bullish SHS. The pair is currently sitting between H3 and H4, and there is still room to the upside. POC ( D L3/L4, EMA 89, ATR pivot) 133.18-35 and POC2 (W L3, historical support, D L5,ARE projection low) could […]

USD strengthens on November payrolls

By Orbex Blog Daily Forex Market Preview, 11/12/2017 The U.S. dollar index firmed on Friday following a broadly positive jobs report for November. Data from the U.S. Labor department showed that the economy added 228,000 jobs during the month which was higher than forecasts. The U.S. unemployment rate was steady at 4.1% while job wages […]

Bull/Bear Ratio: Is “More Leverage” Better?

By Elliott Wave International   Learn to Use Sentiment to Time Your Investments Better In this 14-minute video, you’ll learn how to combine Elliott wave analysis with extremes in market sentiment to reliably anticipate turning points in the markets. EWI Chief Market Analyst Steve Hochberg explains using an example in gold. Get instant access! This […]

China’s Struggle for Market Economy Status

WTO, China and Obama’s trade gambit in the Trump era By Dan Steinbock Recently, the Trump administration joined the EU and rejected the view that under the WTO terms China should have graduated last year to market-economy status. Now Trump is using Obama’s accession legacy to undermine world trade. The accession debacle intensified a year […]

US Dollar Index Speculators reduced their bearish bets this week

By – Receive our weekly COT Reports by Email US Dollar Index Non-Commercial Speculator Positions: Large forex speculators reduced their bearish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]

WTI Crude Oil Speculators slightly raised their bullish net positions higher

By – Receive our weekly COT Reports by Email WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators slightly added to their net positions in the WTI Crude Oil futures markets to a new record high this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission […]