Archive for Financial News – Page 2

Forex Technical Analysis & Forecast 20.04.2017 (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 being corrected. We think, today the price may reach 1.0695 and then grow towards the local target at 1.0763. After that, the instrument may continue falling to reach 1.0650.   GBP USD, “Great Britain Pound vs US Dollar” The GBP/USD pair is […]

US stocks slide as oil prices drop

By IFCMarkets Dow and SP 500 fall while Nasdaq advances US stocks closed lower on Wednesday as energy shares declined with a drop in oil prices. The dollar inched higher after Treasury Secretary Mnuchin’s comment President Donald Trump is “absolutely not” trying to talk down the greenback: the live dollar index data show the ICE […]

WTI Crude gripped by oversupply fears

Article by ForexTime WTI Crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although some losses were clawed back during early trading on Thursday as investors attempted to look beyond the oversupply dilemma and focus on the […]

USDJPY stays in the descending price channel

USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at 107.00 area. On the […]

USD/CAD Bullish Marubozu on Daily Timeframe

By Admiral Markets The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89) the POC zone should spike the price […]

Sterling, Euro and WTI in focus

Article by ForexTime Sterling was catapulted to a fresh six-month high above 1.2900 during trading on Tuesday, as speculation heightened over the surprise snap general elections that are being used as a a measure to  reduce the risk of failure in the intricate Brexit negotiations. The likely possibility of Prime Minister Theresa May strengthening her […]

Forex Technical Analysis & Forecast 18.04.2017 (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 has broken its consolidation range to the upside and completed another ascending structure along with the descending impulse. Possibly, today the price may continue falling to reach 1.0600. Later, in our opinion, the market may grow towards 1.0626.   GBP USD, “Great Britain […]

German DAX: Technical Analysis – Great Britain wants to improve Brexit conditions

By IFCMarkets Great Britain wants to improve Brexit conditions British Prime Minister Theresa May announced about the early parliamentary election. All European stock indices dropped, while the British FTSE 100 slumped by 2.5%. Let us consider the probability of the further decline in the German DAX index. The early parliamentary election in Great Britain will […]

US markets retreat on weak earnings reports

By IFCMarkets US stocks close lower as Goldman, Johnson & Johnson earnings disappoint US stocks closed lower on Tuesday off session lows after results of earnings reports of a number of major companies fell short of expectations. The dollar continued the slide : the live dollar index data show the ICE US Dollar index, a […]

The Australian Dollar is back to its weekly lows. Overview for 18.04.2017

Article By RoboForex.com The AUD/USD pair is falling significantly on Tuesday after the RBA’s comments. The Australian Dollar found itself in a weak position against the USD on Tuesday. The current quote for the instrument is 0.7545. This morning, the RBA published its April Monetary Policy Meeting Minutes. on the whole, the report was pretty […]

Investors dump risky assets in favor of treasuries, Pound on the radar

Article by ForexTime Asian equity markets fell across the board on Wednesday, following a negative lead from the U.S. on earnings disappointment and lower commodity prices despite a weaker U.S. dollar. The geopolitical tensions concerning North Korea, the French elections, and growing skepticism around the U.S. administration’s ability to deliver on policy pledges drove investors […]

EURUSD broke above 1.0689 resistance

EURUSD broke above 1.0689 resistance, indicating that the downward movement from 1.0905 had completed at 1.0569 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target would be at 1.0800 area. Near term support is at 1.0675, as long as this level holds, the uptrend […]

​​GBP/USD Bullish Pennant Targeting Higher Levels

By Admiral Markets The GBP/USD spiked heavily after UK PM Theresa May called for snap UK elections on June 8. UK PM May stated that these elections might further instill the stability in UK and would provide stability for longer period. Traders favored UK PM’s reasoning and the GBP flew off above weekly resistance levels. […]

Snap general election shocker revives Sterling

Article by ForexTime Sterling was back in fashion on Tuesday, with the GBPUSD lurching towards 1.2675 following Theresa May’s unexpected announcement that there will be a snap general election on 8 June. This bombshell development has offered Sterling a solid boost, with markets now evaluating what impact this may have on the Brexit negotiations. The […]

Ichimoku Cloud Analysis 17.04.2017 (GBP/USD, GOLD)

Article By RoboForex.com GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); D Tenkan-Sen and D Kijun-Sen ran into one another (3). Ichimoku Cloud is heading up (2); Chinkou Lagging Span is above the chart. Short-term forecast: we can expect […]

US markets rebound ahead of earnings reports

By IFCMarkets US indices rise ending three session slide US stocks rebounded on Monday ending three session slide in a thin trading after Easter weekend. The dollar inched lower with the slowing of manufacturing activity in the New York area weighing on the greenback: the live dollar index data show the ICE US Dollar index, […]