#WaveAnalysis
#AUDUSD is expected to rise further in the active impulse wave 3 toward the next resistance level 0.7080
https://fxpro.news/market-snapshots/audusd-wave-analysis-27-december-2019-20191227/
#AUDUSD is expected to rise further in the active impulse wave 3 toward the next resistance level 0.7080
https://fxpro.news/market-snapshots/audusd-wave-analysis-27-december-2019-20191227/
The old rally in the new year
Geopolitics got loud at the beginning of the year, but today it should give way to macroeconomic news as US employment data is published.
Robust November data has removed much of the fear that the world’s largest economy is slowing down. December data is expected to show growth by 150K-160K, which looks good after a jump of 266K a month earlier.
Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course.
Another pleasant surprise for the markets from macrodata may finally remove all the obstacles for the growth of stock markets. A sharp deterioration in the data may alert the markets, returning doubts about the economy’s ability to record-breaking 11th consecutive year.
For the dollar, the situation looks more complicated.
https://fxpro.news/daily-forex-outlook/the-old-rally-in-the-new-year-20200110/
Geopolitics got loud at the beginning of the year, but today it should give way to macroeconomic news as US employment data is published.
Robust November data has removed much of the fear that the world’s largest economy is slowing down. December data is expected to show growth by 150K-160K, which looks good after a jump of 266K a month earlier.
Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course.
Another pleasant surprise for the markets from macrodata may finally remove all the obstacles for the growth of stock markets. A sharp deterioration in the data may alert the markets, returning doubts about the economy’s ability to record-breaking 11th consecutive year.
For the dollar, the situation looks more complicated.
https://fxpro.news/daily-forex-outlook/the-old-rally-in-the-new-year-20200110/
Bitcoin lost momentum, but markets believe in its 2020 outlook
As the crypto market began to grow in the first days of the year, the technical picture pointed to a significant overbought of the Bitcoin.
It is not surprising that now we are witnessing a rollback in prices. However, the cautious nature of the reversal suggests that the level of optimism is still quite high.
https://fxpro.news/analysis-and-insight/bitcoin-lost-momentum-but-markets-believe-in-its-2020-outlook-20200110/
As the crypto market began to grow in the first days of the year, the technical picture pointed to a significant overbought of the Bitcoin.
It is not surprising that now we are witnessing a rollback in prices. However, the cautious nature of the reversal suggests that the level of optimism is still quite high.
https://fxpro.news/analysis-and-insight/bitcoin-lost-momentum-but-markets-believe-in-its-2020-outlook-20200110/
FxPro: our 2019 in review
Everything FxPro has one in 2019 was for the benefit of our traders and we are very pleased to announce the key metrics and achievements of the year! 👇🏻
https://www.fxpro.com/press-release/fxpro-our-2019-in-review
Everything FxPro has one in 2019 was for the benefit of our traders and we are very pleased to announce the key metrics and achievements of the year! 👇🏻
https://www.fxpro.com/press-release/fxpro-our-2019-in-review
#WaveAnalysis
#USDCHF is likely to rise further toward the next resistance level 0.9775
https://fxpro.news/market-snapshots/usdchf-wave-analysis-10-janaury-2019-20200110/
#USDCHF is likely to rise further toward the next resistance level 0.9775
https://fxpro.news/market-snapshots/usdchf-wave-analysis-10-janaury-2019-20200110/
Bit-comment: Bitcoin griped between important levels
The market found support in the form of a 50-day average, as slight decline below this level increased the purchasing interest of the bulls. At the same time, a more important level – 200-day average – is now above the current price, acting as a pressure factor in the upward jumps.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-griped-between-important-levels-20200113/
The market found support in the form of a 50-day average, as slight decline below this level increased the purchasing interest of the bulls. At the same time, a more important level – 200-day average – is now above the current price, acting as a pressure factor in the upward jumps.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-griped-between-important-levels-20200113/
Hunger for risk pulls markets up
Dow Jones and Nasdaq saw corrective pullback despite goldilocks Job report. After some ebb, the indices returned to growth on Monday. Investors aimed to big round numbers 30K and 10K, respectively.
On the currency market, we observe a departure from the round levels on EURUSD and GBPUSD.
https://fxpro.news/daily-forex-outlook/hunger-for-risk-pulls-markets-up-20200113/
Dow Jones and Nasdaq saw corrective pullback despite goldilocks Job report. After some ebb, the indices returned to growth on Monday. Investors aimed to big round numbers 30K and 10K, respectively.
On the currency market, we observe a departure from the round levels on EURUSD and GBPUSD.
https://fxpro.news/daily-forex-outlook/hunger-for-risk-pulls-markets-up-20200113/
#WaveAnalysis
#Boeing is likely to fall further toward the next powerful support level 321.00
https://fxpro.news/market-snapshots/boeing-wave-analysis-13-january-2019-20200113/
#Boeing is likely to fall further toward the next powerful support level 321.00
https://fxpro.news/market-snapshots/boeing-wave-analysis-13-january-2019-20200113/
#WaveAnalysis
#CHFJPY is likely to rise further toward the next resistance level 113.70
https://fxpro.news/market-snapshots/chfjpy-wave-analysis-13-january-2019-20200113/
#CHFJPY is likely to rise further toward the next resistance level 113.70
https://fxpro.news/market-snapshots/chfjpy-wave-analysis-13-january-2019-20200113/
FxPro
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Trade deal with the US may be economic suicide for China
The Chinese yuan has been rising steadily against the greenback in recent months, reaching 6.88 against the dollar due to the news of progress in the trade negotiations.
However, as many believe, the higher renminbi rate is part of the deal. And the big question is how far China should go in strengthening its exchange rate.
In the 1980s, Japan was at the place of China at the moment...
https://fxpro.news/daily-forex-outlook/trade-deal-with-the-us-may-be-economic-suicide-for-china-20200114/
The Chinese yuan has been rising steadily against the greenback in recent months, reaching 6.88 against the dollar due to the news of progress in the trade negotiations.
However, as many believe, the higher renminbi rate is part of the deal. And the big question is how far China should go in strengthening its exchange rate.
In the 1980s, Japan was at the place of China at the moment...
https://fxpro.news/daily-forex-outlook/trade-deal-with-the-us-may-be-economic-suicide-for-china-20200114/
#WaveAnalysis
#EURGBP is likely to fall further toward the next support level 0.8465
https://fxpro.news/market-snapshots/eurgbp-wave-analysis-14-january-2019-20200114/
#EURGBP is likely to fall further toward the next support level 0.8465
https://fxpro.news/market-snapshots/eurgbp-wave-analysis-14-january-2019-20200114/
#WaveAnalysis
Natural Gas (#NTG) is likely to rise further toward the next resistance level 2.300
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-14-january-2019-20200114/
Natural Gas (#NTG) is likely to rise further toward the next resistance level 2.300
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-14-january-2019-20200114/
The crypto market came alive. For how long?
The crypto market has shown impressive dynamics since the beginning of the year. Bitcoin has added almost 5% in the last 24 hours and traded above $8,500. Bitcoin’s jump has so far faced an critical obstacle in the form of a 200-day simple moving average.
Recently, waves of optimism have been mostly related to Bitcoin and selectively some altcoins. The most significant increase is demonstrated by the most famous bitcoin forks and anonymous coins. Bitcoin SV (BSV) jumped 25% in price, Bitcoin Cash (BCH) added almost 7%, Bitcoin Gold (BTG) jumped 24%, anonymous coin DASH jumped 20%, ZCash (ZEC) jumped 19%.
It will take some time to test the stability of the rally.
https://fxpro.news/daily-forex-outlook/the-crypto-market-came-alive-for-how-long-20200114/
The crypto market has shown impressive dynamics since the beginning of the year. Bitcoin has added almost 5% in the last 24 hours and traded above $8,500. Bitcoin’s jump has so far faced an critical obstacle in the form of a 200-day simple moving average.
Recently, waves of optimism have been mostly related to Bitcoin and selectively some altcoins. The most significant increase is demonstrated by the most famous bitcoin forks and anonymous coins. Bitcoin SV (BSV) jumped 25% in price, Bitcoin Cash (BCH) added almost 7%, Bitcoin Gold (BTG) jumped 24%, anonymous coin DASH jumped 20%, ZCash (ZEC) jumped 19%.
It will take some time to test the stability of the rally.
https://fxpro.news/daily-forex-outlook/the-crypto-market-came-alive-for-how-long-20200114/
Forget trade deal; Fed’s repo problems are serious
As China and US officials signing the “Phase 1” trade deal today, markets may well switch to other topics, including the presidential race and US repo market chronical issues that become only worse.
https://fxpro.news/daily-forex-outlook/forget-trade-deal-feds-repo-problems-are-serious-20200115/
As China and US officials signing the “Phase 1” trade deal today, markets may well switch to other topics, including the presidential race and US repo market chronical issues that become only worse.
https://fxpro.news/daily-forex-outlook/forget-trade-deal-feds-repo-problems-are-serious-20200115/
How will China-US Phase 1 signing affect Crude Oil? It will...
Anonymous Poll
49%
grow
31%
fall
20%
not affect
It seems for the first time that volumes of open positions by FxPro traders on GBPUSD are above that on EURUSD. It wasn't happening even in last year, during the most nervous Brexit tensions.
More trading tools 👇
https://www.fxpro.com/trading-tools/traders-dashboard
More trading tools 👇
https://www.fxpro.com/trading-tools/traders-dashboard
Data on prices in Britain turned out to be noticeably weaker than expected, with the deadline inflation fell to three-year lows in December. Core inflation slowed down to 1.4% y / y. This news reinforces dovish expectations for possible BoE's rate cuts later this year.
Earlier this week, we also saw disappointing GDP data, which unexpectedly fell by 0.3%, and before that, there were frightening falling retail sales. All this is evidence that the UK economy approached Brexit in a very wary state.
At the same time, the British markets dismiss weak data inspired by the positive mood on world markets. Over the past month and a half, world markets grew on anticipation of a trade agreement between the US and China, which could spur global growth. But now this theme may step back beyond round of weak regional data.
Earlier this week, we also saw disappointing GDP data, which unexpectedly fell by 0.3%, and before that, there were frightening falling retail sales. All this is evidence that the UK economy approached Brexit in a very wary state.
At the same time, the British markets dismiss weak data inspired by the positive mood on world markets. Over the past month and a half, world markets grew on anticipation of a trade agreement between the US and China, which could spur global growth. But now this theme may step back beyond round of weak regional data.