USD/JPY Tests Fibo 50.00%
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the Fibonacci 50.00% retracement at 109.58. During Friday morning, the pair continued to test the given resistance. From the one hand, the exchange rate could reverse south...
GBP/USD Could Trade Downwards
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel. During Friday morning, the rate was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the...
GOLD Downtrend Continues As Long As Higher TF Show Bearish Trend
Amidst Low volatility, the solution is to drop to lower TFs and trade the trend. Gold is performing slightly better in terms of ATR, but it’s still slow. 1465-70 Zone might show fresh sellers as the price is still bearish....
Ukraine’s central bank blames Kolomoisky for campaign of intimidation
The National Bank of Ukraine headquarters in Kyiv Ukraine’s central bank has issued an unprecedented statement accusing local oligarch Ihor Kolomoisky, the former owner of nationalized lender PrivatBank, of orchestrating a campaign of intimidation against the institution and its staff....
Yen Soft on Treasury Yields, Shrugs Free Fall in Hong Kong Stocks
The forex markets are rather quiet in Asian session today, but risk aversion is dominating in stocks as lead by deep decline in Hong Kong. Institutional investors could be starting to light up their positions just ahead of an important...
AUDJPY Trades above Uptrend Line; Cautiously Positive in Near Term
AUDJPY has been posting higher highs and higher lows above a medium-term uptrend line since late August, when the pair touched 69.95, its lowest level in a decade. The short-term outlook therefore seems to have turned positive, though a decisive...
Market Brief: Bears Thanksgiving to Trump for a change
Market update at 13:30 GMT: The AUD and GBP were the weakest while EUR was the strongest in another lacklustre session for FX; European stocks were off their worst levels but still lower on the session. Gold and silver were...
USDJPY Maintains Bullish Sentiment; Ascent Eases at 61.8% Fibonacci
USDJPY has settled at the 109.35 level, which is the 61.8% Fibonacci retracement of the down leg from 112.39 to 104.64. The positive picture is intact despite the stalling in the price, which is aided by the flattened Kijun-sen line...
Canadian GDP Data: Another Risk For The Loonie?
Third-quarter GDP numbers out of Canada will hit the markets on Friday at 13:30 GMT. Forecasts point to a notable slowdown, but that would still be in line with the Bank of Canada’s (BoC’s) latest forecasts. As for the loonie,...
Barclays shifts faith from US to European stocks for 2020
Tolga Akmen | AFP | Getty Images Barclays has rebalanced its equity focus away from the U.S. and toward Europe and emerging markets for 2020. In its 2020 outlook, published Wednesday, the British lender said it expects European equities to...