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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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GBP/JPY breaks the falling channel on BOE rate hike talk
GBP/JPY breached the falling channel to the upside and clocked a high of 149.07 as investors ignore political uncertainty in the UK and focus on increasing
 
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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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China’s Xi: Will let the market play a decisive role in resource allocation
More comments flowing in from China’s President Xi, as he continues to speak at the opening of the 19th National Party Congress.
 
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USD/JPY clocks 2-week high of 113.19 as T-yields rise on the US tax reform news
The bid tone around the greenback strengthened, pushing the USD/JPY pair to a two-week high of 113.19 after news hit the wires that the US Senate has adopted a budget resolution
 
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USD/JPY – Risk reversals retrace gains despite the breach of trend line hurdle
The Dollar-Yen pair closed yesterday above the resistance offered by the trend line sloping downwards from the March 10 high and July 11 high, still one-month risk reversals retracted gains.
 
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UK retailers cut jobs in the third quarter at the fastest rate since 2008
The British Retail Consortium (BRC) said today that its members cut jobs over the past three months at the fastest rate since 2008 due to technological changes and rising employment costs
 
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EU is preparing for no deal Brexit, says senior official
Stefaan De Rynck, an adviser to EU chief Brexit negotiator Michel Barnier, said the European Union (EU) does not want a “no deal” scenario but is preparing for one
 
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Germany to confirm size of expected budget surplus on Nov 9
Germany’s acting Finance Minister Peter Altmaier told broadcaster ARD on Sunday, Germany expects a budget surplus in 2017, but will not know its full extent until Nov. 9 when the finance ministry gets a new assessment of expected tax revenues, Reuters reports
 
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  • 2 months later...
  • GBP/USD EYES SEPT 2017 HIGHS AHEAD OF UK CONSTRUCTION PMI
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  • Strongest since mid-Sept 2017.
  • Further bullishness ahead.
  • The UK construction PMI – Up next.

The bulls weakened their grip in mid-Asia, allowing a brief phase of consolidation in the GBP/USD pair near four-month tops of 1.3605, as investors gear up for the UK construction PMI release.

GBP/USD: USD still remains the key driver

Amid risk-on trades seen in the Asian equities and positive oil prices, the spot remains better bid, largely unperturbed by a tepid broad-based US dollar recovery.  Markets switch their positions and prefer to hold the US currency heading into the key FOMC Dec meeting minutes.

Meanwhile, the pair appears to gather pace for a test of September 2017 highs reached at 1.3657, having surpassed the Dec tops of 1.3552 in the US last session. The recent upsurge in Cable was mainly driven by broad USD weakness while a lack of Brexit headlines (mostly seen as bad) also added to the upside risks in the pound.

Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-eyes-sept-2017-highs-ahead-uk-construction-pmi/

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USD/JPY AIMS TO RETEST 113.0 AFTER FOMC MINUTES

 

  • Encouraging data out of the US, FOMC minutes lifts USD/JPY
  • USD/JPY technicals still suggests limited buying interest

USD/JPY has reached new session highs at the open of business in Tokyo, testing offers at 112.70 after the FOMC minutes/upbeat US data-induced rebound from Wednesday.

USD/JPY fueled by upbeat US data, FOMC minutes

As Valeria Bednarik, Chief Analyst at notes: “The USD/JPY pair advanced up to 112.57 this Thursday, as stronger-than-expected US data lifted the greenback against its Japanese rival, later fueled by the release of FOMC Minutes. Not that the document surprised investors, but after the release, US Treasury yields recovered the ground lost earlier on the day, helping the pair to extend its daily gains. ”

Read more : http://www.xtreamacademy.com/forex-news/usd-jpy-aims-retest-113-0-fomc-minutes/

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Bitcoin and Ethereum Price Forecast – BTC Continues Strongly, ETH Rockets Through $1000

BITCOIN AND ETHEREUM PRICE – BFORECAST TC CONTINUES STRONGLY, ETH ROCKETS THROUGH $1000

 

 

The BTC prices have slowed down considerably over the last month or so as the focus shifts to the ETH market
 
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The controlled nature of the moves in the bitcoin market are there for everyone to see. Ever since the introduction of the bitcoin futures around a month back, we have seen a large scale correction followed by some consolidation and now we are see some controlled uptrend, all signs of a mature market that is seeing the entry and playing of some large traders and investors. Ever since the futures were introduced, we had said that this was a seismic event in the growth of bitcoins and that it could change the way bitcoins are traded, forever. While it gave some additional credentials to the bitcoin industry, it also helped to draw in bigger players who would ensure that the market is kept under control.

Suggested Articles

  • Why Bitcoin Cash is Better than Bitcoin?
  • How to Buy Bitcoin Cash?
  • How to Short Bitcoin?

Read more : http://www.xtreamacademy.com/forex-forecast/bitcoin-ethereum-price-forecast-btc-continues-strongly-eth-rockets-1000/

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GBP/USD DAILY FUNDAMENTAL FORECAST – JANUARY 9, 2018

The pound continues to trade between the 1.35 and 1.36 region and unless and until there is a breakout on either side, it is better for the traders to stay out
 
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The pair has been trading within a tight range over the last 24 hours as a period of consolidation has set in in the markets.The dollar has been holding steady and with yesterday being the first trading day of the week, there was more of trade positioning and watching of the price action by the traders and this limited the action in the markets.

 

Read more : http://www.xtreamacademy.com/forex-forecast/gbp-usd-daily-fundamental-forecast-january-9-2018/

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ETH/USD PRICE FORECAST JANUARY 10, 2018, TECHNICAL ANALYSIS

 
 
Briefly, Ethereum had fallen to number 3 in the crypto currency world based upon value. However, we have seen the market take over the number 2 level again, as the resiliency continues to prove itself. The market now seems to be knocking on the door of the $1250 level, which being broken to the upside should send this market much higher. At that point, I would anticipate a move to the $1300 level initially, and then longer-term I would look for the $1500 level. In the meantime, I think short-term pullbacks are buying opportunities as we build up the momentum necessary to break out. I think that the $1000 level underneath is probably the “floor” in the market, so therefore it’s not until we break down below that level that I would be concerned with Ethereum overall.
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AUD/JPY ENDED A THREE-DAY LOSING STREAK, DEFENDS 23.6% FIB

  • AUD/JPY found takers around 23.6% Fib.
  • Eyes China data.

AUD/JPY defended the 87.28 (23.6% Fib R of Nov-Jan rally) yesterday and jumped to a high of 88.09 before closing the day on a positive note at 87.79.

Having snapped the three-day losing streak yesterday, the pair is trading in a sideways manner around 87.80 levels.

Focus on China data

A better-than-expected China trade data may put a bid under the AUD/JPY cross. A more sustained rise above 88.00 could be seen if the details reveal a solid pick up in the imports of commodities like iron ore and copper (top Australian export).

 

Read more : http://www.xtreamacademy.com/forex-news/aud-jpy-ended-three-day-losing-streak-defends-23-6-fib/

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GBP/USD – 1.39 ON THE CARDS?

  • GBP/USD chewed through a key resistance zone on Friday.
  • CME data show max additions in 1.39 strike call option.
  • Technicals favor further upside.

Having defended 1.35 levels since the beginning of the year, the GBP/USDchewed through strong resistance in the 1.3659-1.3710 area on Friday and closed above 1.37 for the first time since June 2016.

The strong move upwards seems to have revived interest in the GBP/USDcalls. The CME data for GBP/USD February expiry options shows the open interest/open positions in call options rose by 1526 contracts on Friday. Meanwhile, the open interest in put options increased by a mere 408 contracts.

What’s more interesting is that open interest at 1.39 strike call went up by 754 contracts. Also, additions were seen in 1.3950 call, 1.40 call and 1.4050 call. The numbers indicate the investors could be betting on a further upside in the pair, possibly towards 1.39 levels.

 

Read more : http://www.xtreamacademy.com/forex-news/gbp-usd-1-39-cards/

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  • Dennis#MD changed the title to Daily Forex News by XtreamForex.com

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