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Oil falls - 0.79% after failed North Korean missile test
Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.
Benchmark Brent crude futures were down 49 cents at $55.40 at 0310 GMT. On Thursday, before the break closed most major markets, they settled up 3 cents at $55.89 a barrel.
U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday. 

Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/

Gold Price rose in Asia as china GDPs improvement
Gold prices gained solidly on Monday as China GDP came in better than expected and tensions on the Korean peninsula supported demand.
Gold for June delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,293.00 a troy ounce, while silver futures were up 0.49% to $18.600 and copper futures gained 0.62% to $2.583 a pound.

Read More Details: https://www.xtreamforex.com/Education/daily-forex-news/
 

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The USD fell to a five-month low against the JPY | April 18, 2017


The U.S. Dollar fell to a five-month low against the safe-haven Japanese Yen on tensions with North Korea over the week-end. The dollar rebounded, however, as the Dollar/Yen Forex pair neared a major retracement level at 107.856, sending it higher into the close. The catalyst behind the rally was a rise in U.S. Treasury yields which made the dollar a more attractive investment.U.S. West Texas Intermediate crude futures were also down 47 cents at $52.71 a barrel. They rose 7 cents to $53.18 on Thursday. 

 


Read More Details: https://goo.gl/CHvKK9
 

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How are Bollinger Bands used in forex trading?

 


Bollinger Bands are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds or foreign exchange (FX). Many traders use Bollinger Bands to determine overbought and oversold levels, selling when a price touches the upper Bollinger Band and buying when it hits the lower Bollinger Band. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. However, Bollinger Bands don’t always give accurate buy and sell signals. This is where the more specific Bollinger Band “bands” come in. Let’s take a look.
As John Bollinger was first to acknowledge: “tags of the bands are just that – tags, not signals. A tag of the upper Bollinger Band is not in and of itself a sell signal. A tag of the lower Bollinger Band is not in and of itself a buy signal.” Price often can and does “walk the band.” In those markets, traders who continuously try to “sell the top” or “buy the bottom” are faced with an excruciating series of stop-outs or worse, an ever-mounting floating loss as price moves further and further away from the original entry.
Perhaps a more useful way to trade with Bollinger Bands is to use them to gauge trends. To understand why Bollinger Bands may be a good tool for this task we first need to ask – what is a trend?


Read More: https://goo.gl/zzzm4A
 

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Commodities Daily Forecast – April 20, 2017 | XtreamForex

Gold

prices fell on Wednesday in response to a stronger U.S. Dollar and rising U.S. Treasury Bond yields. June Comex Gold finished the session at $1283.40, down $11.50 or -0.89% and continued the trend on Thursday morning.  The market fell to its lowest level since April 12 and closed lower for the first time in five sessions.

Investors were caught off guard by gold’s response to a steep drop in U.S. equity markets. However, support continued to be provided by concerns over geopolitical events in North Korea and the upcoming French presidential elections… Read More

Silver

Silver fell a bit during the day on Wednesday, testing the $18 level for support. This is an area that has a certain amount of psychological significance, so obviously, a bit of a bounce could be coming. On top of that, we have a nice, strong, uptrend during the day. The market looks as if we are going to try to reach towards the $18.50 level, and then the $19 level after that. Ultimately, the market might be choppy, but I still believe the buyers return repeatedly. It is not until we make a fresh, new low that I would even consider selling… Read More

WTI Crude Oil

Crude oil prices were hammered on Wednesday, with a sharp drop that followed the Department of Energy’s report on inventories. Initially the decline in imports kept prices buoyed, but the robust increase in gasoline inventories, weighed on prices.  WTI has been buoyed by supply constraints which has lifted market sentiment over the past couple of weeks.  Inventories in the United States remain high, as production from U.S. producers have taken the place of OPEC output… Read More

Find Details Here: https://www.xtreamforex.com/Education/dailiy-forex-technical-analysis/

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How to do Fundamental Analysis & Fundamentals Trading Strategies


In the equities market, fundamental analysis looks to measure a company’s true value and to base investments upon this type of calculation. To some extent, the same is done in the retail forex market, where forex fundamental traders evaluate currencies, and their countries, like companies and use economic announcements to gain an idea of the currency’s true value.
All of the news reports, economic data and political events that come out about a country are similar to news that comes out about a stock in that it is used by investors to gain an idea of value. This value changes over time due to many factors, including economic growth and financial strength. Fundamental traders look at all of this information to evaluate a country’s currency.
Given that there are practically unlimited forex fundamentals trading strategies based on fundamental data, one could write a book on this subject. To give you a better idea of a tangible trading opportunity, let’s go over one of the most well-known situations, the forex carry trade. (To read some frequently asked questions about currency trading,

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https://www.xtreamforex.com/Education/forex-tutorial-fundamental-analysis-fundamentals-trading-strategies/
 

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USD/JPY Forecast April 25, 2017


The Dollar Index (DXY) gapped lower overnight as the outcome of the French election underpinned the euro, which makes up a big portion of the index. Despite the DXY’s weakness, the USD/JPY gapped higher as the news also undermined perceived safe haven assets such as gold and yen. But the gains for the USD/JPY were short-lived and the daily chart of the USD/JPY is currently displaying a bearish price pattern, which suggests that the gap may well be ‘filled’ completely in due course and there may even be a possibility for a deeper pullback.
As can be seen from the chart, the USD/JPY is in the process of potentially forming an inverted hammer candlestick formation after the gap up. This price pattern is typically bearish as it highlights a lack of willingness from the buyers to hold onto their positions. Thus, we may see some weakness follow-through in the upcoming Asian session.

 


Read More: https://www.xtreamforex.com/Education/usdjpy-path-of-least-resistance-still-to-downside/
 

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EUR/USD: Bullish above 1.0900 on ECB taper hints & softer USD


The EUR/USD pair stalled its recent bullish momentum in the Asian session this Wednesday, and now enters a phase of consolidation, after the bulls ran into the key resistance of 1.0950 levels.
The spot is trying to defend the bids near 1.0935 region at the moment, moving slightly away from five-month tops reached at 1.0951 in the US last session.
The Euro extended its rebound versus the American dollar on Tuesday, after the US dollar took the back seat across the board amid risk-on trades and doubts whether the Trump administration will actually provide details on the tax reform plans on Wednesday.
The spot also remains underpinned amid easing French election-related anxiety, as a Macron win appears to be full priced-in by markets, with most opinion polls showing about 60% support for Macron against 39% for the anti-EU candidate Le Pen.
Also, expectations of some hawkish hints from the ECB, with markets widely anticipating the central bank to resort to taper talks, adds to the recent bullish tone seen behind the major.
Nothing of relevance for the major in the day ahead, and hence, the US tax reform plans announcement will hog the limelight later in the NA session.
EUR/USD Technical Levels
Technical resistances for the pair are aligned at 1.0950/51 (psychological levels/ 5-month tops), 1.0968/71 (classic R1/ Fib R2) and finally 1.1000 (key resistance). On the flip side, the spot finds next support at 1.0909/00 (daily pivot), a break below that level could open the door to 1.0866/67 (5-DMA/ classic S1) and 1.0775 (10-DMA).


Find More Analysis @ https://www.xtreamforex.com/Education/

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USD/JPY Forecast – May 11, 2017

The USD/JPY pair had a volatile session on Wednesday, as we bounced off the 113.50 level, and then finally managed to build up enough momentum to break above the 114 handle. It looks as if we are going to continue the uptrend, and that should send us looking for the longer-term target of the 115 handle. That’s an area that has been resistive on the longer-term charts, and I believe that if we can break above there, the market becomes more of a “buy-and-hold” type of proposition. Pullbacks currently should be buying opportunities, and I recognize that the market continues to favor the USD/JPY pair due to the overall “risk on” attitude of traders. The markets continue to find buyers on pullbacks, and I don’t think that’s going to change. I believe that the 115 level is such a large target for traders that it’s almost impossible to ignore.

Buying dips

I continue to think that buying dips on short-term charts will be the way going forward, as we are most certainly in a very bullish trend. If we break down below the 113.50 level, the market could then go looking for the 113 handle, but at that point I would expect a lot of support as well. Either way, I have no interest in shorting this market, and believe that the longer-term buyers have already reentered the market after the lows that we saw several months. If we do somehow break above the 115 handle, the market should then go to the 118 level after that. Going forward, I anticipate that there will be a lot of volatility, but a general positive attitude as the US dollar is favored over a lot of currencies around the world, and the Japanese yen of course will be any different.

 

https://www.xtreamforex.com/Education/usdjpy-forecast-may-11-2017/

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EUR/USD Forecast: uncertainty reigns, but dollar’s gains st
 
The EUR/USD pair ends the week marginally lower, but still near its highest for the year, a few pips below the 1.1400 threshold. Following an exciting central banks’ week, the American dollar corrected higher at the beginning of the current one, giving back its gains on Thursday
 

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On 10/31/2016 at 2:26 PM, xtreamforex.com said:

EUR/USD 

Technical Analysis Overview:

 

Prev. Close      1.0986
Open               1.0991
Day’s Range   1.0961 - 1.0991
52 wk Range   1.0538 - 1.1616
1-Year Return - 0.32%

 

 

 

Support and Resistance:

 

Daily Camarilla Forex Technical analysis shows that the EUR/USD pair may find the immediate support at 1.0982 below which 1.0980 and 1.0979 could be tested. On the other side the immediate resistance 1.0984 and may go for further test 1.0986. A break beyond the last, doors will open for a test of 1.0987

 

 

 

Upcoming Economic News:

 

1.      EUR - German Retail Sales m/m at 10.00 AM

 

2.      EUR - CPI Flash Estimate y/y at 01.00 PM

 

3.      EUR - Core CPI Flash Estimate y/y at 01.00 PM

 

4.      EUR - Prelim Flash GDP q/q at 01.00 PM

 

5.      EUR - Italian Prelim CPI m/m at 01.00 PM

 

 

 Click Here 

 

 

 

GBP/USD

 

Technical Overview:

 

Prev. Close      1.2192
Open               1.2187
Day’s Range   1.2176 - 1.2215

 

52 wk Range   1.1450 - 1.5498
1-Year Return - 21.01%

 

 

 

Support and Resistance:

 

Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2204 below which 1.2200 and 1.2197 could be tested. On the other side the immediate resistance 1.2210. A break beyond the last, doors will open for a test of 1.2214 and from there to 1.2217.

 

 

 

Upcoming Economic News:

 

1.      GBP - Net Lending to Individuals m/m at 12.30 PM

 

2.      GBP - M4 Money Supply m/m at 12.30 PM

 

3.      GBP - Mortgage Approvals at 12.30 PM

 

Click Here To Read More Analysis

AUD/USD RALLIES NEARLY 1% TO 0.7875, HIGHEST SINCE MAY 2015
The AUD bulls remain unstoppable following the release of hawkish RBA minutes, with the AUD/USD pair now extending the break higher to test 0.77 handle, the strongest levels seen since May 2015
 
Read More:https://www.xtreamforex.com/audusd-rallies-nearly-1-0-7875-highest-since-may-2015/

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GBP/USD – Yield differential at critical levels ahead of Services PMI numbers
The offered tone around the US dollar strengthened in Asia on Fed leadership talk, pushing the GBP/USD pair to a high of 1.3274
 

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GBP/USD – Inverted Hammer awaits bullish follow through
Wednesday’s inverted hammer candle on the GBP/USD chart offers a ray of hope for GBP bulls, although the strong US data releases and the heightened odds of the Fed rate hike in December could play spoil sport.
 

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AUD/USD revisits session lows on RBA rate cut talk
AUD/USD fell back to a session low of 0.7772 after a Wall Street Journal report said that RBA board member Ian Harper sees scope for a rate cut if consumption across the economy loses momentum entirely.
 

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GBP/USD – Focus on UK PM May’s speech & yield differential
GBP/USD was offered on Friday on fears that UK Prime Minister Theresa May would be forced out of her party. The currency pair dropped to a low of 1.3027 on Friday and ended the week at 1.3064 levels
 

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GBP/USD: Will it sustain the 3-day rebound on Fed minutes?
The bulls failed once again near 1.3225 region in the Asian trades, sending GBP/USD pair back into the red zone near 1.32 handle, while markets eagerly awai
 

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gbpusd-h1-trading-point-of.png

 

GBPUSD today October 12, 2017 still Bullish after yesterday managed to break the Resistance, forex technical analysis today : note the Support in the area of 1.31906 to find confirm signals Buy with potential rebound price upwards to the range 1.32556. If Resistance at 1.32904 breaks, GBPUSD will go to 1.33500 area. However, if Support at 1.31906 breaks, will change the movement to Bearish and push GBPUSD to area 1.30890.

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GBP/USD – Bullish outside day candle validates rally, but Vols remain high
GBP/USD rallied to a high of 1.3291 on Thursday after reports hit the wires that the EU is ready to do its bit in helping the UK avoid ‘Hard Brexit
 
 

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EUR/USD: Further downside in play ahead of Catalan independence outcome
The EUR/USD pair breached the 1.1800 leaves for the first in three days on Monday, set-off the week on the defensive, as political uncertainty surrounding Catalonia’s independence vote remains the key focus
 

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USD/JPY- Investors hedge against Japanese election risk
USD/JPY one-week risk reversals fell to -3.41 yesterday, its lowest level since May 1 while the one-week at-the-money option volatility rose to a 11-day high of 8.05
 

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