Current trend The pair continues moving along a narrow ascending channel that was formed in the end of June. The pair was supported by the RBA decision to keep its key interest rate unchanged which increased demand for the Australian currency amid growing appetite for risk assets. At the same time, the US Dollar was pressure by poor statistics on country’s GDP...
Current trend Last week, the US Dollar gained strong support from the ADP employment report and Friday's non-farm payrolls report. At the same time, it should be noted that US trade deficit widened to $44.50 billion that is considered as a negative factor for the American currency. Favorable data on Germany’s industrial production was released in this morning....
Current trend Today the pair continued growing and reached the level of 0.7665 amid commentaries from the Reserve Bank of Australia on its monetary policy. In its statement, the regulator noted that the pace of growth of the world economy remain below the average while inflation will stay below the targeted 2%-3%. Nonetheless, the regulator did not revise its...
Current trend The price of Brent crude oil grew slightly after the American petroleum Institute (API) reported a drawdown in US crude oil inventories. Today attention needs to be paid to data, released by the Energy Information Administration. The oil reserves in US storages are expected to be down by more than 1.8 million barrels that might provide support for...
Current trend Today the Reserve bank of Australia announced its decision on interest rates. In line with expectations, interest rates were cut from 1.75% to 1.50% that had a strong negative impact on the AUD/USD pair. This afternoon attention needs to be paid to a report on US personal income and spending in June. A growth in both indicators might add to...
Current trend After a significant growth on Thursday amid the US Fed Interest Rate Decision, the price of gold slightly fell. The instrument was pressured by expectations of strong data on the US GDP for the second quarter of the year. According to forecasts, the index will grow from 1.1% to 2.6%. However, the Dollar remains under pressure due to uncertainty...
Current trend Yesterday the pair showed a volatile trade amid the publication of important news. The pair was significantly supported by information of a possible expansion in the stimulus program in Japan that could amount to $265 billion. Later in the day, however, the Dollar was pressured by the Fed decision to leave its interest rate unchanged at 0.5%....
Current trend The pair continues trading in a narrow sideways channel near the level of 1.3100 amid lack of important macroeconomic news form the UK and prior to the Fed Interest Rate Decision that is due today. According to forecasts, the rate will remain unchanged. At the same time, the majority of market participants expect a rate cut in the UK in the...
Current trend The pair continues growing amid falling oil prices that pressure the Canadian Dollar. In addition, the pair is supported by strengthening in the US Dollar due to an increased probability of monetary policy tightening by the Fed before the end of the year. Tomorrow extra attention needs to be paid to the Fed Interest Rate Decision and its Monetary...
Current trend The price of Brent crude oil remains under pressure as gasoline inventories grew to a record high. In particular, the US Energy Information Administration reported a rise in gasoline stocks by 0.9 million barrels to 241 million barrels in the week ended 15 July that is 25% increase compared to the previous year. The same situation can be seen in...
Current trend The pair continues trading at its local lows amid weakening in the Euro, which remains under pressure prior to the ECB monetary policy meeting. According to forecasts, the regulator will keep its interest rate unchanged but will announce its readiness to further ease monetary policy in the nearest future. At the same time, additional uncertainty to...
XAG/USD, H4 On the 4-hour chart, the instrument is moving down along the lower MA of Bollinger Bands. The price remains above EMA100 and EMA144, both directed up, and below EMA50. MACD histogram is in the negative zone, and its volumes are gradually growing. The indicator is giving a sell signal. Stochastic is falling. XAG/USD, D1 On the daily chart, the...
Current trend The USD/CAD pair started this week with a growth but then lost most of its gains. This dynamics in the pair can be explained by the lack of important macroeconomic publications in the US and fluctuation in the oil market. The price of oil lost about 2 percent on Friday after data on crude supplies and the number of active oil rigs were released....
BRENT, D1 On the daily chart, the instrument is trading in the lower Bollinger band. The indicator is directed down while the price range is expanding. MACD histogram entered the negative zone and formed a sell signal. Stochastic is approaching the oversold zone. BRENT, H4 On the 4-hour chart, the instrument broke down a strong support level at 47.38....
Current trend The EUR/USD pair is moving up and strengthened by 35 points in the previous trading session. Yesterday US macroeconomic statistics had almost no influence on dynamics in the pair. It should, nevertheless, be noted that the number of initial jobless claims remained unchanged at 254,000 while economists expected an increase to 265,000. Today market...
Current trend The AUD/USD pair has been moving up for two weeks already, and the dynamics is likely to continue. Since yesterday, the Australian Dollar has strengthened by about 70 points. Today attention needs to be paid to data on the Initial Jobless Claims, due in the US at 14:30 pm (GMT+2). The indicator is expected to grow from 254,000 to 265,000 that...
Current trend The British currency continues strengthening. Since the beginning of the week, the GBP/USD pair has gained back about 500 points. There is a good chance that the pair has already reached its lows after the results of the British referendum were released, and, therefore, might continue developing its upward trend. Support and resistance On the...
Current trend The pair continues growing amid weakening in the Yen. The Japanese currency was pressured by a victory in elections of Prime Minister Shinzo Abe who is an active supporter of an expansion in the economy stimulation program. Experts note that after the victory implementation of stimulus measures will become much easier. At the same time, the Dollar...