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On Friday, European stocks moved down, as the European Central Bank’s fresh policy decision disappointed market participants and as dropping crude prices weighed on the energy sector having risen steeply on Thursday. The EURO STOXX 50 decreased 0...
Wolfgang Schaeuble, German Finance Minister intends to move ahead with proposed tax cuts as soon as possible, while Chancellor Angela Merkel's ruling right-centre coalition might consider an initial tranche of cuts already next week, as the Bild newspaper disclosed...
Technical analysis The AUD/USD has found support at the current levels of 0.7600, 0.7595 (EMA144, EMA200 on 4-hour chart). In the event of breakdown of the nearest support level will be the level 0.7575 (EMA50 daily chart...
TRADING RECOMMENDATIONS Despite the current weak macroeconomic statistics the euro area and a clear threat of deflation in the region, the European Central Bank on Thursday left its monetary policy unchanged...
Technical levels: support – 1.3270; resistance – 1.3360. Trade recommendations: 1. Buy — 1.3270; SL — 1.325; TP1 — 1.3360; TP2 — 1.3420. Reason: a bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen but the strong support of Cloud...
Wolfgang Schaeuble, German Finance Minister intends to move ahead with proposed tax cuts as soon as possible, while Chancellor Angela Merkel's ruling right-centre coalition might consider an initial tranche of cuts already next week, as the Bild newspaper disclosed...
The price found a support at 1.3277, which led to the last upward movement. However, we’ve got a “V-Top” pattern, so the market is likely going to achieve the next support at 1.3247, which is strengthened by the uptrend...
On Friday, the euro maintained its upward trend against other key currencies after the European Central Bank left its monetary policy intact on Thursday...
The last upward price movement has been stopped by a resistance at 1.1324, so we’ve got a “Thorn” pattern. Therefore, the market is likely going to get a support at 1.1251 in the short term...
Technical levels: support – 0.7625; resistance – 0.7700. Trade recommendations: 1. Buy — 0.7620/25; SL — 0.7600; TP1 — 0.7700; TP2 — 0.7730. Reason: a strong support of Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; narrowing bearish Ichimoku Cloud...
Technical levels: support – 1.1240/60; resistance – 1.1300/20. Trade recommendations: 1. Buy — 1.1260; SL — 1.1240; TP1 — 1.1320; TP2 – 1.1380. Reason: the prices are above the Cloud; a new golden cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud...
In August China's consumer price inflation dropped to its weakest pace in almost a year, pulled down by abating food costs, though an encouraging moderation in producer price deflation contributed to surging evidence of a steadying economy...
Industrial production in Malaysia rose during the month of July, missing market expectations, helped by strength in the mining, manufacturing and electricity sectors. Industrial production rose 4.1 percent year-over-year in July, slower than Junes 5.3 percent climb. Economists had expected a 4...
As the days pass by, this year’s U.S. Presidential election looks tighter than ever. Donald Trump, who was counted out from the beginning of the race and again after August feud with a gold star family in the U.S. is now closer than ever in beating Hillary Clinton...
USD/TRY is currently trading at 2.9530 levels. It made intraday high at 2.9596 and low at 2.9495 levels. Intraday bias remains neutral for the moment. A sustained close below 2.9314 will drag the parity down towards key supports around 2.9207, 2.9178, 2.9015 and 2.8847 thereafter...
The consumer price index inflation in the U.S. is likely to have accelerated in August, according to Barclays’ updated CPI projection. According to Barclays, the consumer price index is expected to have increased 0.1 percent month-on-month in August and 1 percent year-on-year...
This trading week ended with some interesting results for this pair (XAU/USD) - the intra-day price was started with the bullish breakout and ending with the ranging bullish, and daily price was on breakout with the bullish reversal but ended this week with the ranging market condition to be insi...
On Friday, the Australian dollar and yen held profits in Asia because China consumer prices came in lower than expected, thus contributing to recent fairly positive data from the country on trade as well as manufacturing. The currency pair AUD/USD was worth 0.7649, up 0.08...
On Friday, gold soared as it swung between tiny revenues and losses in Asia right after consumer prices in China happened to be lower than expected, thus capping recent positive data in trade as well as manufacturing from the country, which is the second largest importer of gold...
On Friday, crude prices pulled back on profit-taking after settling more than 4% higher a day earlier right after government data confirmed a shockingly big drawdown in American crude inventories. In London, November delivery Brent crude futures sagged 36 cents, hitting $49.63 a barrel...
