On the daily chart below for Gold, we can see that gold is pulling back all the way down to our projected target at the 1934 level where we can also find the 50% Fibonacci retracement level and the trendline. The correction started once Gold reached the record high at...
ECB’s de Guindos: Wages pose upside risk to inflation outlook
Fiscal policy is an important factor for inflation outlookGovernments should roll back related support measures as energy crisis fadesBanking tensions add to downside inflation risksA little bit of this and a little bit of that. But the message remains that the ECB is...
AUD/USD looks towards 0.6500 again in latest downside break
AUD/USD daily chartThis is definitely one that the chartists will adore as the pair has been somewhat consolidating in between 0.6600 and 0.6800 mostly in recent months, before the latest break lower. The upside momentum was held each and every time at the 100-day...
Bitcoin and Ethereum have further correction potential
Market pictureThe cryptocurrency market cap has fallen 1.6% over the past 24 hours to $1.10 trillion, back to the levels from which the market rebounded almost two weeks ago. At the same time, bitcoin is down 2%, Ethereum is down 2.2%, and the top altcoins are losing...
German finance minister says GDP data have shown surprisingly negative signals
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Bulls Staring at 2023 to Uplift the Yellow Metal
Analysis by Fxview, a leading Forex and CFD brokerage part of Finvasia Group. Licensed by CySEC, the FSC and the FSCA, Fxview offers exposure to Forex and more than 200 CFDs on stock shares, indices, commodities and cryptocurrencies across its MT4, MT5 and ActTrader...
USD/CAD buyers hopeful on latest upside break
A stronger dollar and negative risk sentiment has been underpinning the pair recently but it wasn't really until yesterday, that we really saw an upside move with decent momentum. And that comes despite oil prices staying more resilient with WTI crude rising to fresh...
GBP/USD starts to get dragged back into the mud again
And that perhaps says something about the directional bias in the pair at the moment. I mean, if something can't go up on good news.. well there's only one other direction it is heading towards then. We saw the rates market already move in to price in another 25 bps...
USD/JPY continues to look poised in hunt towards 140.00 mark
The pair was one that gave us early hints about the dollar's latest strength, alongside EUR/USD, with the break of the March and early May highs setting up the current upside push. The break above 138.00 was noteworthy and while there was a bit of a pullback on Friday...
EUR/USD at two month-lows as sellers hold their nerve
The pair has been one to provide early hints of the latest dollar strength, alongside USD/JPY, and is now working its way lower after a bit of a bounce at the end of last week. The break under 1.0800 and 100-day moving average (red line) was called into question early...
European equities struggle at the open today
Eurostoxx +0.1%Germany DAX -0.2%France CAC 40 -0.3%UK FTSE -0.4%Spain IBEX -0.2%Tech stocks are the only outperformer on the day, with sentiment buoyed by Nvidia's strong earnings beat. Looking at US futures, S&P 500 futures are up 0.5% and Nasdaq futures up 1.5%...
France May business confidence 100 vs 101 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOJ’s Ueda reaffirms to patiently continue with monetary easing
Starting to see good signs in the economyBut there is still some ways to achieve inflation target in a stable, sustainable mannerHe's not straying away from the prevailing narrative and the lack of pivot signs isn't really going to do the yen much favours for the...
25억 이상의 자산가들이 필수로 하고있는 4가지 돈 버는 법
https://www.youtube.com/watch?v=Ok6XBh3jKhk 안녕하세요. 돈버는 정보 입니다. 오늘은 부업, 자수성가로 큰 돈을 벌어본 사람들의 공통적인 특징에 대해 알아보는 시간인데요. 제 채널에 많은 영상들이 있지만 그 중에 가장 중요한 건 이런 기본자세부터 잡고 바라보아야 올바른 방향으로 가실 수 있겠다 싶어 제작해봤습니다. MoneyMaker FX EA Trading...
Eurostoxx futures +0.2% in early European trading
German DAX futures +0.2%UK FTSE futures +0.1%After the selloff yesterday, the gains here are rather miniscule really. US futures on the other hand, are indicating a mixed picture though. Dow futures are down slightly with the Fitch headlines here perhaps weighing on...
Ofgem announces lower price cap for energy bills
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Germany Q1 final GDP -0.3% vs 0.0% q/q prelim
GDP (non-seasonally adjusted) -0.2% vs +0.2% y/y prelimGDP (working day adjusted) -0.5% vs -0.1% y/y prelimWhat initially was supposed to be marginal growth turned out to be flat growth, and is now revised to a contraction in the German economy in Q1. As such, that...
Germany June GfK consumer sentiment -24.2 vs -24.0 expected
Prior -25.7; revised to -25.8The reading still marks an improvement to the previous month, but there are still mixed feelings about the situation in Germany at the moment. While income expectations have improved again, both the propensity to buy and economic...
Trade ideas thread – European session 25 May 2023
And so dollar bulls finally got the much needed break this week, as some hawkish Fedspeak yesterday and another drop in equities validated the technical developments from last week. Adding to that now is further breaks lower in AUD/USD and NZD/USD, alongside a...
FX option expiries for 25 May 10am New York cut
There are a couple today which are of decent sizes for EUR/USD and USD/JPY, but none of which should be too impactful in general.Trading sentiment at the moment is largely dictated by the dollar mood and technicals, so those will be stronger drivers in the session...