The volatility in the foreign exchange market reached its minimum in recent years. The VIX Fear Index was also confidently at the bottom. The absence of significant events entailed the absence of strong movements in the foreign exchange market. Friday perhaps was the exception. Another weak statistics from the Eurozone and the UK contributed to the activation of...
Yesterday against the positive comments from the US and China regarding trade negotiations, safe-haven assets were under pressure. That is not surprising. Recall our position on gold and the Japanese yen – is to buy, however, now we should trade with an eye to a possible surge of optimism in the financial markets against the background of breaking news from...
The current week is full of informational events around the oil market. Which continues to play into the hands of sellers. Yesterday, for example, Morgan Stanley analysts warned that if OPEC + participants at their next meeting on December 5 do not announce a higher reduction in production (current volumes of 1.2 million barrels), then Brent quotes will drop to $...
Yesterday marked of news regarding the oil market and its prospects. Moreover, this news has a one-sided impact in terms of the impact on oil quotes. On the supply side, we have a message about the discovery of a huge oil field in Iran. It is about 50 billion barrels. To understand if it is a lot, let’s have a look at the statistics. Proved oil reserves in Iran...
The pair is trading within a long term 1M Channel Down (RSI = 50.809, MACD = 0.186, Highs/Lows = -0.2688). A Golden Cross formation has emerged this week on the 1D chart and since we are in the middle of the Channel we take this as a sell call. Our Target Zone is 62.000 - 61.350. ** If you like our free content follow our profile (www.tradingview.com) to get...
Japan, Canada and the USA central banks' decisions, U.S. and Eurozone GDP latest statistics, as well as data on the US labour market 7 days latest news. In principle, each event from this list would be enough to fill the average week. As for the political aspect: a signal about possible problems in trade negotiations between the United States and China, the next...
Let’s analyze the key events of yesterday. Consumer confidence in the Eurozone is rather depressed, as indeed the entire economy of the Eurozone. But at the same time, the euro did not show any specific movements. The dollar, on the contrary, despite the relatively good statistics, was losing its way. Preliminary data on US GDP for the third quarter came out...
The Brexit date is set to be delayed until 31 January Again. Johnson, as promised, asked parliamentarians to call early elections in December. He has failed to win on Brexit. Johnson said that he would make another attempt today and said that without early elections, it would not be possible to ratify the agreement with the EU. Today will be the last relatively...
Brexit was accustomed to being the main news generator last week, at least for the pound pairs. Parliament refused to vote for the deal until it made changes to British law, which meant the need to request a postponement. In our opinion, this is just a way to publicly humiliate Johnson, who has repeatedly said that October 31 will be the end date. As a result,...
US oil prices had their biggest spike. Oil prices soar after attacks on Saudi facilities and ended nearly 15% higher on Monday. Abruptly ceased more than 5.7 million barrels per day of production. We consider this situation a unique opportunity for earning. The fact is that the disappearance of 5 million b / d of oil is a temporary phenomenon. According to some...
I took a trade on break out and I was waiting for a correction to take more buys at least until the line, here we are getting the correction
We have already noted that this week promises to be calm but The Jackson Hole Economic Symposium is an annual symposium, traditionally gathering representatives of all the leading Central banks in the world, might give enough reasons for bursts of volatility. The most vulnerable are the euro and the dollar. Weak inflation in the Eurozone (yesterday's report...
Pattern: Support/ Resistance trading. Signal: Bearish as the price hit both the 1D Resistance and MA200. Target: 71.700.
This week is not that much eventful for the financial market however there is an exception - Friday. A block of statistics from the UK, including data on GDP and industrial production. The general slowdown in the global economy, not positive expectations of experts may well come true. The current forecast for UK GDP growth in the second quarter is 0%. That is, too...
After China devalued the Yuan on Monday, markets were awaiting a US response. It appeared quickly enough: The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency, knocking the U.S. dollar. Maybe in response to this, or maybe just to show that the fall of the renminbi on...
China loses patience. After Trump attacked China, markets have been waiting for China to the response. Sino inflicted several very strong and unpleasant hits for the United States and Trump personally. One . China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs. Thus, China partially solves the...
Hi, Slowly I start to add some mid-term (weeks, months) trading & investment opportunities into my TradingView account. The first one which looks technically pretty nice is EURRUB. Pretty soon you can start building your long position on EURRUB and it starts from the round number 70. Obviously, do your own research, read fundamentals and etc. Technical...
British pound reached a three-year low yesterday. The pound was sold out on growing fears of a potential ‘no deal’ Brexit. Investors perceive Johnson's words at face value. We do believe that nothing more than a snare which is based on an attempt to gain an advantage in the negotiation process. So, the markets are wrong, and the pound current price does not...