Current trend The fall of the Australian dollar that started last week was caused by important Australian economic indicators such as Manufacturing PMI and retail sales volume that appeared to be worse than forecast. On the other hand, the policy of the Reserve Bank of Australia aimed at the moderation of AUD strengthening was confirmed by the Tuesday decision...
Current trend Euro is trading near the resistance level of 1/8 Murrey or 1.0681. The level of support is 1.0636. EUR remains under pressure, and one of the reasons for it is positive statistics from the USA. According to an ADP report on the employment rate in the country, the indicator rose to 263 thousand against 245 thousand. As a result of a FOMC meeting...
XAU/USD, D1 On the daily chart the pair is testing the support level of 1292.00. The indicator "Bollinger Bands" is moving sideways, while the price range significantly expanded, indicating a continuation of the current trend. Histogram MACD is near zero line, its volumes start to grow, forming a weak buy signal. Stochastic is approaching to the border of the...
Current trend The US Dollar continues strengthening against all major rivals amid expectations of market participants of an interest rate hike by the Fed in the nearest future. Today, after the publication of positive data on the Producer Price Index in Australia, the pair rose but did not manage to consolidate above a strong resistance at 0.7600 and resumed its...
Current trend Euro continues to strengthen slightly against the US dollar. To date, the pair is trading near the resistance level 1.0930, if the level is broken, the next target will be 1.0945. Today, a rise in volatility may occur with the opening of the US market, when unemployment claims and orders for durable goods will be published. According to preliminary...
Current trend Ahead of the BoE Governor Mark Carney’s appearance, the pair came under pressure when Philip Hammond, UK Chancellor of the Exchequer, suggested extension of the BoE’s QE program. The pair, however, then recovered almost all it losses amid the speech of the head of the British regulator. Mark Carney expressed concerns over the depreciation of the...
Current trend The price of gold remains in a sideway range. During yesterday’s session, the price of gold fell to the level of 1260.38 but buyers managed to hold the important level. According to experts, god could gain 15% towards the end of the year as markets have already priced in an upcoming interest rate hike in the US. The pace of monetary policy...
Current trend The price of gold is falling amid strengthening in the US Dollar, which is still being supported by expectations of the Fed raising interest rates before the end of this year. In the short term, dynamics in the pair is likely to remain downward as long as a strong US Dollar makes precious metals less attractive assets for investors. At the end of...
Current trend The Euro continues its decline against the US Dollar. The European Central Bank holds in monetary policy meeting on Thursday and is expected to keep the interest rate unchanged. However, there is a chance that the regulator will expand its stimulus that will lead to further weakening in the Euro. The US Dollar, on its part, was supported by data...
Current trend The GBP/USD pair has been consolidating within a narrow range. In the coming days, attention needs to be paid to macroeconomic statistics from the UK, which are expected to strengthen the Pound. At the same time, despite relatively weak data from the US, the American currency has been supported by boosted expectations that the Fed would raise...
Current trend Today the price of gold strengthened amid growing worries on the market. Anxiety growth was caused by the situation around Deutsche Bank. In September, the US government accused the biggest German investment bank of wrongdoing with the mortgage-back securities. The US Department of Justice can fine the bank $14 billion that lead to its share prices...
Current trend The USD/JPY pair is growing amid a fall in Retail Sales in Japan. The index fell by 1.1% on a month-to-month basis and by 2.1% on a year-over-year basis. Large Retailers’ Sales declined by 3.6% that was significantly worse than a forecasted fall of 1.8%. Today attention needs to be paid to data on the GDP for the second quarter of the year in the...
USD/JPY, D1 On the daily chart, the pair is trading in the lower Bollinger band. The price remains below its moving averages that are directed down. The RSI is about to retest its longer MA. The Composite is growing towards its longer MA as well. USD/JPY, H4 On the 4-hour chart, the pair is trading on the middle MA of Bollinger Bands. The price remains...
Current trend Yesterday the pair slightly corrected up after a significant fall the day earlier when their decisions on interest rates made the Bank of Japan and US Fed. The Japanese regulator left the rate unchanged while markets expected its further cut into a negative -0.15%. At the same time, the central bank introduced a target for 10-year government bond...
Current trend On Wednesday, the EUR/USD pair significantly strengthened amid the decision by the American regulator to keep its interest rate unchanged. At the same time, in the Monetary Policy Statement it was noted that the possibility of policy tightening in the nearest future is very high. Today, pair’s dynamics can be affected by the publication of data on...
Current trend Yesterday the EUR/USD pair showed choppy trade and slightly fell on the day. Today investors are focused on the US Fed Interest Rate Decision. Markets do not expect any changes in interest rates. In addition, the regulator will release its forecasts on economic growth, unemployment, inflation and its further plans regarding monetary policy. At the...
Current trend The pair continues falling amid strengthening in the US Dollar that remains supported by expectations of monetary policy tightening by the Fed before the end of the year. At the same time, the probability of an interest rate increase at the meeting, which is due this week, stands at only 10%. In addition, the Pound remains under pressure after the...
UKBrent, D1 On the daily chart, the instrument is trading in the lower Bollinger band. The indicator is directed down while the price range remains unchanged. MACD histogram is near the zero line. Stochastic entered the oversold zone. UKBrent, H4 On the 4-hour chart, the instrument is testing the level of 44.25. Bollinger Bands is directed down while the...