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Market Wrap: Markets High On Hopium

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 16:26 GMT

China is thinking of coperating with the US and Trump may abolish the trade tariffs, what else do you need Stocks The S] The post Market Wrap: Markets High On Hopium appeared first on Action Forex....

Australia & New Zealand Weekly

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 16:24 GMT

Week beginning 21 January 2019 Australia: Westpac-MI Leading Index, employment. NZ: CPI. China: GDP, retail sales, fixed asset investment, industrial production. Euro Area: ECB policy decision, IFO survey, Davos World Economic Forum. US: data delay due to...

Week Ahead China GDP also Eyed

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 16:00 GMT

The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a global downturn. GDP figures out of China could underscore the worsening outlook, while flash PMIs out of the Eurozone will a...

Weekly Focus More Weakness ahead Before Relief

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 15:56 GMT

Market movers ahead In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important releases. We expect no new policy signals at the ECB meeting on Thursday. Here the debated growth risk assessment wi...

EURJPY Looks To Recover Further Higher Towards 125.08 Zone

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 15:52 GMT

EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break if seen will aim at the 124.00 level. A cut through here will turn focus to the 123.50 level and possibly lower towar...

Canadian Inflation Surprised to the Upside in December (Airfares Again!)

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 15:51 GMT

Highlights: Headline CPI inflation unexpectedly jumped to 2.0% in December from 1.7% in November. Airfares rose 22% month-over-month with methodology changes to that component causing volatility over the second half of 2018. Julys 16% increase was subsequ...

Gold finally drops, traders profit

rss: Technical Analysis • Published Fri, 18 Jan 2019 14:59 GMT

The fall of the yellow metal, which was long expected, occurred on Friday. Namely, the price dropped ten dollar by 14:00 GMT on Friday. The fall though had ended, as the ...

Canada: Air Travel Drives a Modest Climb in December Inflation

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 14:21 GMT

Canadian consumer price inflation was 2.0% y/y in December, up a bit from November] The post Canada: Air Travel Drives a Modest Climb in December Inflation appeared first on Action Forex....

Experts expect the yen to strengthen against the backdrop of a weaker dollar

rss: Technical Analysis • Published Fri, 18 Jan 2019 14:15 GMT

Today, the yen became cheaper against the dollar after The Wall Street Journal reported that the US authorities are discussing the possible abolition of import duties on Chinese goods, although the US Treasury later denied this information. According to ...

GBP/USD jumps to 1.3000

rss: Technical Analysis • Published Fri, 18 Jan 2019 13:43 GMT

The GBP/USD has broken a cluster of strong technical resistance levels at the 1.2900 level. The break out resulted in a quick jump to the 1.3000 mark. Afterwards, the 1.3000 level ...

Canadian Dollar Steady ahead of CPI

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 13:16 GMT

USD/CAD has posted small gains in the Friday session, recovering the losses from Thursday. Currently, the pair is trading at 1.3265, down 0.12% on the day. On the release front, Canada releases CPI, which is expected to post its third decline of 0.4% in t...

EUR / USD pair: plan for the American session on January 18. There is almost no movement in the market

rss: Technical Analysis • Published Fri, 18 Jan 2019 13:15 GMT

To open long positions on EUR / USD pair, you need: The weak fundamental statistics did not allow euro buyers to form a larger upward correction. It is important that the bulls manage to hold the EUR/USD pair above the support level of 1.1375. However, th...

Market Sentiment Lifted by Renewed Trade Optimism

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 13:15 GMT

It was a week defined by Brexit drama, US-China trade developments and ongoing political uncertainty in Washington. Renewed optimism over US-China trade talks stimulated global risk sentiment on Friday with Asian stocks ending mostly higher. Although Euro...

EUR/USD breaks simple moving average

rss: Technical Analysis • Published Fri, 18 Jan 2019 12:53 GMT

The EUR/USD has traded almost horizontally during the past 24 hours. Meanwhile, there is a notable event that has occurred during the trading. After making many attempts to force the ...

EURGBP Pares Some Losses after Strong Sell Off in Near Term

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 12:46 GMT

EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of 0.8758. The stochastic oscillator is suggesting a positive retracement as the %K line jumped above the %D...

AUD/USD Outlook: US/China Optimism Keeps Aussie Afloat Despite Repeated Rejections At Cloud Base

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 12:05 GMT

The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited. Thursday] The post AUD/USD Outlook: US/China Optimism Keeps Aussie Afloat Despite Repeated Rejections At Cloud Base appe...

US 30 Index Crosses Above 50-Day SMA, Neutral In Short-Term

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 12:03 GMT

The US 30 index staged a major recovery in recent weeks, after touching an 18-month low on December 26. Price action is now taking place back above the 50-day simple moving average (SMA), which suggests the near-term outlook has shifted back to neutral, f...

Dollar Supported By US Trade optimism

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 11:56 GMT

Friday January 18: Five things the markets are talking about Improved market and investor optimism for Sino-U.S trade talks saw global equities and U.S stock futures climb in the overnight session. In commodities, crude oil prices are leading the rally, w...

Renewed Optimism On The US-China Trade Front Aids Risk Appetite

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 11:46 GMT

Notes/Observations No fresh news on Brexit but process still appear morphing into a softer tone GBP currency continues to recover Optimism renewed on US-China trade front aiding risk appetite Asia: Japan Nov Final Industrial Production M/M: -1.0% v -1.1% ...

DAX Streaks Above 11,000 As Investors Eye U.S-China Trade Talks

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 11:14 GMT

The DAX index has posted sharp gains in the Friday session. Currently, the index is at 11,046, up 1.17% on the day. Bank and auto shares have climbed sharply, with BMW, Daimler and Deutsche Bank all registering gains of over 2% on Friday. In economic news...

Time For A Bullish EUR View

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 11:13 GMT

Euro has been unable to gain traction against major G10 peers suggesting mounting downside risk. The rationale seems clear for bearish sentiment. Incoming economic data, led by weakness in Germany has been troubling. Brexit chaos has highlighted growing r...

USD/JPY Outlook: Bulls Look For 110.00+ After Clearing 109.15 Pivot

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 11:12 GMT

The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursdays close above 109.15 pivot (daily Kijun-sen / 50% retracement of 113.70/104.59). The greenback was boosted by better than expected US jobless ...

GBPUSD Testing Key Intraday Support

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 11:01 GMT

The British pound is now testing towards key intraday support against the US dollar after fading lower from the psychological 1.3000 level during the European trading session. The 1.2930 level is former resistance now turned key intraday support, a sustai...

EURUSD Price Action Condolidates

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 11:00 GMT

The euro continues to consolidate around the 1.1400 level against the US dollar, with the pair trading in an increasingly narrow range. The Average True Range indicator has slumped lower across the four-hour time frames, highlighting the lack of direction...

Analysis of Gold for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 10:51 GMT

Recently, Gold has finally managed to break through the key support cluster at the price of $1,286.00, which is a sign that sellers took control over the buyers. I have found the breakout of the trading range (6 days), which is another sign of weakness. G...

Palladium for the first time in history priced more than gold

rss: Technical Analysis • Published Fri, 18 Jan 2019 10:50 GMT

On Thursday closing of trading, January 17, the cost of palladium for the first time in history exceeded $1,400 per troy ounce. The price of precious metals in the course of trading rose by 5.4% to $1,439.29 per 1 ounce. Currently, its quotes continue to ...

GBP/USD Keeps Surging Upwards

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 10:44 GMT

During Thursday] The post GBP/USD Keeps Surging Upwards appeared first on Action Forex....

XAU/USD Was Retraced To 1,286.00 Level

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 10:42 GMT

During Friday] The post XAU/USD Was Retraced To 1,286.00 Level appeared first on Action Forex....

EUR/USD Euro Drifting On Lack Of Key Indicators

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 10:39 GMT

EUR/USD is showing little movement in the Friday session. Currently, the pair is trading at 1.1404, up 0.14% on the day. In economic news, the eurozone current account surplus narrowed to EUR 20.3 billion, down from EUR 23.0 billion. This was well off the...

Stock Markets Eyeing Fourth Positive Week

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 10:38 GMT

Gold slips as stocks end the week on a high Stock markets are on course for another positive session, capping off another strong week and a fourth consecutive one in the green. Sentiment is clearly improving and the bulls are gathering momentum as previou...

Currency Majors Are Consolidating

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 10:27 GMT

The US currency has been changing slightly against a basket of major currencies. Other majors also do not show active dynamics. The US dollar index ( The post Currency Majors Are Consolidating appeared first on Action Forex....

USD/JPY will stay at 109.40

rss: Technical Analysis • Published Fri, 18 Jan 2019 10:23 GMT

During the previous trading session, the US Dollar appreciated against the Japanese Yen by 32 pips or 0.29%, breaking the resistance level of the weekly R1 at the 109.18 ...

EUR/USD retraced by 55-hour SMA

rss: Technical Analysis • Published Fri, 18 Jan 2019 10:19 GMT

During the previous trading session, the rate was resisted by the 55-hour simple moving average to push the rate to the 1.3600 level as it was expected. On Friday ...

EUR/USD Outlook: Bears Look For Extension Below 55SMA/Daily Cloud Base After Consolidation, Cloud Top To Cap Upticks

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 10:13 GMT

The Euro holds in consolidative mode above new two-week low at 1.1370, posted on Thursday, as bears repeatedly failed to clearly break below 55SMA (1.1382) despite bearish signal generated on the second straight close below 1.1392 Fibo support (50% of 1.1...

Technical analysis of AUD/USD for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 10:12 GMT

Overview: The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level. This support has been rejected four times confirming the veracity of the uptrend. Hence, major support is seen at t...

Elliott Wave Analysis On DAX And EUR/USD

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 10:11 GMT

German stocks market (DAX) can be unfolding the final wave v) since we have seen a break out of a wave iv) triangle. Fibonacci targets and the triangle measurement target points towards 11100-11200 area, so be aware of higher prices, maybe even a spike be...

GBP/USD Outlook: Sterling Advances On Improved Sentiment, Extension Towards 200SMA Seen After Consolidation

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 09:50 GMT

Cable is consolidating under psychological 1.30 barrier which was cracked on Thursdays 0.8% advance. Eventual break above three-day congestion signaled continuation of recovery phase from 12 Dec 1.2476 low. Sterling was boosted by improved sentiment on lo...

GBP/USD Fresh Buyers Within 1.2880-1.2895 Zone

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 09:49 GMT

The GBP/USD has bounced above W H4 camarilla pivot and at this point it is having a retracement. Fresh buyers might be lurking just below. The POC zone 1.2880-95 should be watched as fresh buyers might emerge if the price gets in the zone and makes a reve...

Pound Strengthens As Market Eyes Soft Brexit

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 09:47 GMT

GBP strengthened against the USD yesterday, as traders optimism for a soft Brexit grew and that a no-deal Brexit could be avoided, according to analysts. Despite the fact that a number of scenarios are still possible, market analysts believe that chances ...

GBPJPY Hovers Around 1-Month High, Positive In Short Term

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 09:43 GMT

GBPJPY has been advancing considerably for three days in a row, reaching a fresh one-month high of 142.20 during yesterdays trading session. The price jumped above the strong obstacle of the 50.0% Fibonacci of 141 of the downleg from 149.50 to 132.50, whi...

Technical analysis of NZD/USD for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 09:24 GMT

Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is con...

Simplified Wave Analysis of GOLD for the week of January 18

rss: Technical Analysis • Published Fri, 18 Jan 2019 09:19 GMT

Large-scale graph: The price movement of the gold market since mid-August last year is set by an upward wave and reached a strong level of resistance. In this case, the wave structure does not look complete. Medium-scale graph: The ascending section of No...

Stocks Roar On Hopes Of Trade Deal Ryanair And Netflix To Watch

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 09:18 GMT

European markets and US futures are trading sharply higher today building on the optimism around the US-China trade talks. We have seen significant increase in the numbers of investors who have added risk assets in their portfolio on the back of this. Jus...

Global Markets Rise As Trade Optimism Returns

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 09:15 GMT

The US stock market ended the day higher after a report said that Trump officials are thinking to reduce tariffs on Chinese imported goods. The new strategy aims at pressuring China to offer broad concessions during the current trade negotiations. Such a ...

Trade Hopes Lift Markets, Pound Cruises Higher

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 09:08 GMT

Stocks advance, safe-havens tumble on reports US could roll back China tariffs In the UK, sterling surged without Brexit news sentiment is improving Today, Canadian inflation figures and Fed speakers may steal the show Stocks jump, yen softens on reports ...

BITCOIN Analysis for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 09:01 GMT

Bitcoin managed to climb higher above the dynamic level resistance of Kumo Cloud, Tenkan, Kijun, and 20 EMA resistance recently. The price is currently heading towards the 200 EMA resistance at $3,700 area. If is broken above, further bullish pressure tow...

USD/CAD Key Resistance At 1.3300

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:50 GMT

Pivot (invalidation): 1.3300 Our preference Short positions below 1.3300 with targets at 1.3245 & 1.3220 in extension. Alternative scenario Above 1.3300 look for further upside with 1.3320 & 1.3340 as targets. Comment As Long as the resistance at 1.3300 i...

USD/CHF Supported By A Rising Trend Line

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:49 GMT

Pivot (invalidation): 0.9920 Our preference Long @ 0.9938 with targets @ 0.9955 & 0.9970 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9905 & 0.9885 as targets. Comment The RSI is mixed to bullish. The post USD/CHF Suppo...

Indicator analysis. Daily review for January 18, 2019 for the pair GBP / USD

rss: Technical Analysis • Published Fri, 18 Jan 2019 08:46 GMT

Trend analysis (Fig. 1).On Friday, work down from the first lower target of 1.2925 is a rolling level of 14.6% (yellow dotted line).Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis - down- Fibonacci levels - down- volumes - down- candle...

DAX Key Resistance At 10950.00

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:41 GMT

Pivot (invalidation): 10950.00 Our preference Short positions below 10950.00 with targets at 10810.00 & 10700.00 in extension. Alternative scenario Above 10950.00 look for further upside with 11000.00 & 11070.00 as targets. Comment The index currently fac...

Trading Plan 01/18/2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 08:40 GMT

The big picture: The market is determined by the direction. Until the end of January, the market should determine the direction to the beginning of the year. There are too many uncertainties as government " Shutdown" in the USA continues which is strongly...

Silver Spot Capped By A Negative Trend Line

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:39 GMT

Pivot (invalidation): 15.5600 Our preference Short positions below 15.5600 with targets at 15.4800 & 15.4300 in extension. Alternative scenario Above 15.5600 look for further upside with 15.6100 & 15.6500 as targets. Comment The RSI is mixed to bearish. T...

Indicator analysis. Daily review for January 18, 2019 for the pair EUR / USD

rss: Technical Analysis • Published Fri, 18 Jan 2019 08:38 GMT

Trend analysis (Fig. 1).On Friday, the price will move up. The first upper target of 1.1418 is the recoiling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis - up- Fibonacci levels - up- volumes - up...

Currencies: Dollar Shows Mixed Picture. EUR/USD To Bottom Out

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 08:28 GMT

Rates: Eco data vs risk sentiment A WSJ article suggested that the US pondered dropping Chinese tariffs. Risk sentiment improved, even if the headlines were later denied by a US Treasury official. Downside risks to US eco data and caution going into the l...

Eurozone Inflation Fell More Than Expected In December

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 08:10 GMT

The Eurozone] The post Eurozone Inflation Fell More Than Expected In December appeared first on Action Forex....

USDJPY Could Test 110.00 Level

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:08 GMT

The US dollar has broken higher against the Japanese yen, amidst fresh hopes that the United States and China may strike a trade deal. The recent bullish move above the USDJPY pairs 100-period moving average on the four-hour time frame is also encouraging...

GBPUSD Sterling Hits 1.3000

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:07 GMT

The British pound has surged towards the 1.3000 level against the US dollar, as traders continue to speculate that the United Kingdoms departure from the European Union may be delayed. The bullish break above the 1.2930 level further encouraged sterling b...

ETHUSD Still Bearish Below $126.00 Level

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:06 GMT

Ethereum remains under pressure on Friday, as the third largest cryptocurrency by market capitalization struggles to attract short-term buying interest. The Relative Strength and Momentum indicators on the four-hour time frame are currently neutral, sugge...

USDCAD Finds Significant Resistance Near 23.6% Fibonacci Region

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:04 GMT

USDCAD has been struggling below the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3663, around 1.3285 over the last seven days, following the bearish rally from the 19-month high of 1.3663. The price also remains below the simple moving...

Elliott Wave View In GBP/JPY Favors Upside Bias

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 08:01 GMT

Short term Elliott Wave view on GBPJPY suggests the rally to 140.43 ended wave (W). From there, pair did a pullback to 137.33 which ended wave (X). Since then, pair has made a new high above wave (W) at 140.43, suggesting that the next leg higher in wave ...

Wave analysis of GBP / USD for January 18. 1,3000 can become an unbearable barrier for the pound

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:55 GMT

Wave counting analysis:On January 17, the GBP / USD pair gained about 105 bp. The amplitude of the instrument has again grown to its usual values. However, an unsuccessful attempt to break through the level of 76.4% may lead not only to the departure of q...

Wave analysis of EUR / USD for January 18. A pair of slowly slipping under the 14 figure

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:55 GMT

On Thursday, January 17, trading ended for EUR / USD by a decrease of as little as 5 bp. Thus, the uptrend trend, taking its beginning on November 12, takes an ambiguous and complex look, but retains the prospects for its development. The whole wave takes...

Forecast for GBP / USD pair on January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:52 GMT

GBP / USD pair The British pound continues to grow on the optimism of the new "improved" agreement with the EU. Readiness to review the agreement was announced yesterday by EU negotiator, Michel Barnier. The sterling pound added 105 points. Growth started...

The End Of The Trade War May Be Near

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 07:40 GMT

Market movers Watch out for any headlines on US-China trade talks after The Wall Street Journal] The post The End Of The Trade War May Be Near appeared first on Action Forex....

China Q4 GDP Data Seen Next Week

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 07:38 GMT

General Trend: Hong Kong listed property developer Jiayuan International rises over 90% (said to have made note payment), declined over 75% prior session Rio Tinto rises over 0.5% following quarterly production update Nidec declines after recent profit wa...

Euro-Zones Final Consumer Price Inflation Slowed To Its Lowest Level In 8-Months In December

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 07:31 GMT

For the 24 hours to 23:00 GMT, the EUR slightly declined against the USD and closed at 1.1389. On macro front, the Euro-zone] The post Euro-Zones Final Consumer Price Inflation Slowed To Its Lowest Level In 8-Months In December appeared first on Action Fo...

British Pound Reverses Its Gains In The Asian Session

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 07:30 GMT

For the 24 hours to 23:00 GMT, the GBP rose 0.86% against the USD and closed at 1.2986. In the Asian session, at GMT0400, the pair is trading at 1.2976, with the GBP trading 0.08% lower against the USD from yesterdays close. The pair is expected to find s...

Japans National Consumer Price Index Rose In December

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 07:29 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.16% against the JPY and closed at 109.15. In the Asian session, at GMT0400, the pair is trading at 109.36, with the USD trading 0.19% higher against the JPY from yesterday] The post Japans National Consumer Pr...

Simplified wave analysis of EUR / JPY for January 18

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:24 GMT

Large-scale graphics: The bear wave that set the main direction of the price movement over the past year has a high chance of completing at current levels. Its structure looks completely complete, and the pair quotes are at the upper limit of strong suppo...

Forecast for USD / JPY on January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:21 GMT

USD / JPY The yen continues to grow slowly. The price reached the nearest resistance, the rising line of the price channel in the region of 109.50. In the last review, we noted that the risk of a negative scenario will continue until the yen shows pronoun...

EUR / USD: US government work will resume no earlier than the middle of next week

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:16 GMT

The European currency continues to trade in a narrow side channel paired with the US dollar against the background of weak statistics for the eurozone, which does not allow the bulls to resume an upward correction. On the other hand, the suspension of the...

Technical analysis for EUR/USD for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:15 GMT

EUR/USD remains in a short-term bearish trend inside a downward sloping channel. Price has stopped its decline around the 61.8% Fibonacci retracement level of the last leg upwards from 1.13 to 1.1570.Green line - major trend line support Purple lines - be...

Technical analysis for Gold for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:08 GMT

Gold price continues to trade inside the triangle pattern. In our previous posts, we have mentioned the price levels we should keep in focus and both the upside and downside targets depending on the direction of the break out.Green rectangles - support ar...

Technical analysis of EUR/USD for 18/01/2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 07:03 GMT

After a series of Bearish Engulfing candlestick patterns at the level of 1.1539 and 1.1570 that established the downtrend, the market has made the Bearish Harami around the level of 1.1483 and went down again to stop around the level of 1.1371. This move ...

EUR/USD: plan for the European session on January 18. There is no clear reference point for the EUR/USD pair

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:51 GMT

To open long positions on EURUSD you need: The euro fell yesterday against the background of weak data for the euro area and a good report on the US labor market. Today, you can take a closer look at purchases when forming a false breakdown at the level o...

Forecast for EUR / USD pair on January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:50 GMT

EUR / USD pair On Thursday, the euro consolidated below the price channel line of the daily chart on the background of a neutral economic and political situation, helped by the indicator line of balance. The Marlin indicator s is still developing in the n...

Ethereum Elliott Wave analysis for 18/01/2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:50 GMT

Ethereum Elliott Wave analysis for 18/01/2019:The triangle pattern in wave 4 continues, more downside in viewTechnical market overview:The three wave advance to the level of 156.91 has been completed at January 5th and since then the market has started an...

Bitcoin Elliott Wave analysis for 18/01/2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:27 GMT

Market technical overview:The market has made a low for the wave (a) of the lesser degree at the level of $3,500 and now is slowly developing the wave (b) of the corrective structure. The target for the wave (b) should not exceed the level of $3,676, whic...

Elliott wave analysis of GBP/JPY for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:12 GMT

The clear break above the resistance-area between 140.43 140.88 confirm wave ii having completed already at 137.37 and wave iii developing already. The first target to look for is seen at 143.81 but ultimately, we expect wave iii to rally higher to the 1...

Elliott wave analysis of EUR/JPY for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 06:08 GMT

The spike down to 118.72 completed wave (E) of the more than 10 years long triangle consolidation and we should now look for wave (C) towards 203.00Wave ii clearly has taken over and should see us lower into the support-zone between 121.22 121.95 from wh...

Fundamental Analysis of EUR/AUD for January 18, 2019

rss: Technical Analysis • Published Fri, 18 Jan 2019 05:51 GMT

EUR/AUD has been consolidating at the edge of 1.5900-1.60 resistance area from where the price is expected to move lower in the coming days. EUR has been struggling to maintain momentum over AUD due to recent downbeat economic data, mounting budget crisis...

We buy up pounds in anticipation of good news on Brexit

rss: Technical Analysis • Published Fri, 18 Jan 2019 04:49 GMT

Following a vote of no confidence, Theresa May retained her post as British Prime Minister. On Monday, January 21, she will present the so-called plan "B" for Brexit, which should arrange parliamentarians. The pound is in conditions of high volatility an...

AUD/USD And NZD/USD Could Correct Lower

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 04:32 GMT

AUD/USD is currently struggling to gain bullish momentum above the 0.7220 resistance. NZD/USD is also facing hurdles and it may correct lower in the near term. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar recovered recently and traded abo...

Market Morning Briefing: Dollar Index Has Immediate Resistance Near 96.50/30

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 03:39 GMT

STOCKS All the Indices, apart from the DAX have some more room on the upside in the near term, but chances of profit-taking are there. Japan, China and India look more bullish than Germany and USA. The Dow (24370.10, +162.94, +0.67%) saw a high of 24474.4...

USD/JPY Could Gain Bullish Momentum Above 109.50

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 03:04 GMT

Key Highlights The US Dollar traded higher and broke the 108.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 108.40 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week e...

Silver Consolidates As Investors Consider Dollar Direction

rss: Action Forex • Fundamental Analysis • Published Fri, 18 Jan 2019 02:55 GMT

As mentioned yesterday, I am still of the view that the dollar could weaken this year and boost buck-denominated metal prices. After all, the Fed has stopped hiking interest rates. You would think this would be good news for noninterest-bearing and low-yi...

EUR/JPY Approaching Resistance, Prepare For Reversal

rss: Technical Analysis • Published Fri, 18 Jan 2019 02:50 GMT

The EUR/JPY pair is approaching resistance at 125.01 (50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 122.00 (50% Fibonacci retracement, horizontal swing low support).Stochastic (89, 5, 3) i...

GBPUSD Targets Further Upside Pressure Towards 1.3000/29 Zone

rss: Action Forex • Technical Analysis • Published Fri, 18 Jan 2019 02:49 GMT

GBPUSD targets further upside pressure towards 1.3000/29 zone. Support is seen at 1.2950 level. Further down, support comes in at the 1.2900 level where a break will turn focus to the 1.2850 level. Further down, support lies at the 1.2800 level. Below her...

AUD/CAD Approaching Resistance, Prepare For Reversal

rss: Technical Analysis • Published Fri, 18 Jan 2019 02:48 GMT

The AUD/CAD pair is approaching resistance at 0.9576 (61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.9509 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low su...

EUR/USD. January 17. Results of the day. There is no news for the euro currency, the greenback is "resting"

rss: Technical Analysis • Published Thu, 17 Jan 2019 23:53 GMT

4-hour timeframe The amplitude of the last 5 days (high-low): 85p - 83p - 31p - 108p - 47p. Average amplitude for the last 5 days: 71p (86p). The EUR/USD currency pair on Thursday, January 17th, is trading for the second day in a row near the support lev...

Canadian Inflation Figures Due as Loonie Tracks Oil Prices

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 16:31 GMT

The latest inflation data out of Canada will hit the markets on Friday, at 1330 GMT. While these figures are always important for market expectations around future Bank of Canada (BoC) rate hikes, the loonies overall direction may depend mostly on how oil...

Two Key Ways the Dollar Drives US Stock Market Performance

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 16:26 GMT

In complex adaptive systems like modern financial markets, a change the price of any one market has a spillover effect into other markets. One of the best understood and most straightforward of these intermarket relationships is the impact of the US dolla...

GER30 Stock Index En Route to Third Weekly Gain

rss: Action Forex • Technical Analysis • Published Thu, 17 Jan 2019 15:24 GMT

The German 30 stock index (DAX 30) has been on the rise since the day it dropped to a two-year low of 10,276 and is now set to register its third weekly gain slightly above the 20-day simple moving average. The short-term bias looks currently neutral to b...

Market Wrap: Stocks Slips Again , Safe Haven Jump

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 15:22 GMT

The Dollar index and the Japanese Yen are back in demand as stocks moves lower. Stocks ...

SARB Kept Interest Rates Unchanged

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 14:47 GMT

As expected, South Africa central bank kept rates unchanged at +6.75%. The decision to keep policy steady was unanimous. The MPC considers monetary policy to be moderately accommodative Overall risks to inflation remain tilted to the upside Economic chall...

Silver Retreats after Bullish Movement from Double Bottom

rss: Action Forex • Technical Analysis • Published Thu, 17 Jan 2019 14:07 GMT

Silver has been moving sideways since the price hit the six-month high of 15.87 on January 4. The neutral to bearish picture in the very short-term looks to last for a while longer after prices failed to stand near the aforementioned high. Technically, in...

DAX Gains Ground, But Weak Eurozone Inflation Raises Concerns

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 14:05 GMT

The DAX index has posted gains in the Thursday session. Currently, the index is at 10,879, up 0.25% on the day. In economic news, Eurozone CPI dropped sharply to 1.6% in December, down from 1.9% a month earlier. This marked the lowest level since April. W...

Stocks: Has the Rally Halted Already Amid Growth Concerns

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 13:53 GMT

The US equity markets have started 2019 with a bang, but that good run of form could be about to end. Global stock indices were trading lower this morning, with US index futures also pointing to a lower open on Wall Street when trading gets underway there...

Canadian Dollar Dips ahead of Canadian ADP Nonfarm Payrolls

rss: Action Forex • Fundamental Analysis • Published Thu, 17 Jan 2019 13:50 GMT

USD/CAD has posted gains in the Thursday session. Currently, the pair is trading at 1.3302, up 0.35% on the day. On the release front, Canada publishes ADP nonfarm payrolls, while the U.S. posts unemployment claims and the Philly Fed Manufacturing Index. ...

Fractal analysis of major currency pairs on January 17

rss: Technical Analysis • Published Thu, 17 Jan 2019 13:26 GMT

Dear colleagues. For the currency pair Euro / Dollar, we expect further downward movement after passing by the price of the range of 1.1375 - 1.1358 and we consider the upward movement as a correction. For the currency pair Pound / Dollar, the price has i...