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AUD/USD Violates Ascending Triangle – Let’s Enter on Retracement 

The AUD/USD pair is trading with a bullish bias on Wednesday, soaring from 0.6190 to 0.6220. Bullish bias in Aussie triggered over a better coronavirus scenario in China, especially after China lifted Wuhan city's lockdown. Australia's parliament passed an emergency A$130 billion stimulus package to combat the economy from the coronavirus pandemic, which is helping limit deeper declines and keep the pair above 0.6190 support.

Good News Expected for RBNZ Decision – Forex and Indices –...

Fundamental Overview Good News Expected for RBNZ Interest Rate Decision. During the overnight session, Stats NZ released the Trade Balance data from New Zealand, which shows an improvement in

Expansive Economic Cycle Still Supports Markets

Macroeconomic Outlook The past week was mainly influenced by two relevant factors: Oil Price o   It has reached the benchmark of $80 per barrel o   It has raised concerns

AUD/USD Bearish Engulfing Signals Selling Bias – Brace for Quick Short...

The AUD/USD pair was closed at 0.68540 after a high of 0.70039 and a low of 0.68392. Overall the movement of AUD/USD pair remained bearish throughout the day. The risk perceived Aussie posted losses on Thursday in risk-off market sentiment, which was caused by the gloomy outlook of the US economy by Federal Reserve in its monetary policy meeting. The FED in its report said that the impact of coronavirus could last for a more extended period of time than Fed expected, and recovery would also be slower than expected.

Daily F.X. Analysis, March 04 – Top Trade Setups In Forex!

On the forex front, the U.S. dollar weakened against other major currencies, dragged by the Fed's emergency rate cut. The ICE U.S. Dollar Index fell 0.2% on the day to 97.14. Most of this came in response to the U.S. Fed fund rate cut on Tuesday

WTI Crude Oil Slipped Amid Rising Crude Inventories – Quick Trade...

The WTI crude oil prices are flashing red and traded lower after the American Petroleum Institute reported a large build of weekly crude inventories. The WTI crude oil inventories increased by 4.7 million barrels in its snapshot of stockpiles for the week ended December 13, the API said.

EUR/AUD Engulfing Pattern at the bottom of the channel

EURAUD has been moving inside a slightly ascending channel. The last interaction of the price drove the pair to the bottom of the channel. On Monday afternoon, the price did a strong reversal on increased volume, confirmed by a second bullish candle. We see also that the MACD made a bullish transition, as the RSI reversed from the 30 level.

AUD/USD Enters Overbought Zone – Brace for Retracement

The AUD/USD was closed at 0.68969 after placing a high of 0.68985 and a low of 0.67747. Overall the movement of AUD/USD pair remained bullish throughout the day. The AUD/USD pair extended its previous day's gains and continued it's 3 days bullish rally for another day and moved above 0.68900 level on Tuesday on the back of the risk-on market sentiment. The risk-sensitive Aussie gained a lot from the increased risk appetite of the market on Tuesday.

Forex and Indices Daily Update – May 16th, 2018

Hot Topics: Currencies against the Dollar could be completing internal cycles. EURAUD - Closing partials and moving SL. GBPNZD - More falls are expected. Indices continue consolidating. Currencies against the

FX option expiries for May 14 New York cut

Thank you for visiting the Forex.Academy FX Options Expiries Section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large commutative maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' if labelled as Hot or Warm, or 'out of play' if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

Weekly Market Update: FOMC & ECB Meetings

    News Commentary   We are looking forward to another busy calendar week for most assets, followed by many important readings and announcements from central banks, to see how

Safe Haven Gold Slips – Downward Channel In Play! 

Gold prices were closed at $1710.53 after placing a high of $1735.38 and a low of $1708.78. Overall the movement of gold remained bearish throughout the day. Gold prices followed its previous day's trend and continued to fall on Tuesday and reached near the level of $1700 support on the back of increased risk appetite in the market. The Risk-on market sentiment was caused by the reopening of the US economy from the coronavirus induced lockdowns.

FX option expiries for May 15 New York cut

Thank you for visiting the Forex.Academy FX Options Expiries Section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large commutative maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' if labelled as Hot or Warm, or 'out of play' if labelled Cold with regard to the likelihood of price action meeting the strike price at maturity.

Gold’s Bearish Channel Breakout Drives Bulls – What’s Next?

  On Thursday, the precious metal gold surged to trade around 1,468 level extending gains to a third session, as soft Chinese figures and risk about whether Beijing and

Daily FX Brief, November 13 – Major Trade Setups – Fed...

On Wednesday, the global financial markets await the Fed Chair speech along with the CPI (Consumer Price Index) data from the U.K and the U.S. The United States and China

Daily F.X. Analysis, March 17 – Top Trade Setups In Forex...

On the forex front, the U.S. dollar encountered a volatile trading session, with the ICE U.S. Dollar Index dropping 0.8% to 98.00. ZEW survey results in March will be released for Germany (current situation at -30.0, expectations at -27.2 expected) and the eurozone. The U.K. Office for National Statistics will publish a jobless rate for the three months to January (steady at 3.8% expected).

The Positive Data Reported in Canada could support a rate hike...

Hot Topics: The positive data reported in Canada could support a rate hike soon.  The Greenback rally continues. FTSE maintain the bull trend, DAX waits for ECB meeting? Positive data

Daily F.X. Analysis, February 13 – Top Trade Setups In Forex...

The U.S. government reported a budget deficit of 32.6 billion dollars for January, significantly above the expected deficit of 10.0 billion dollars.

Daily F.X. Analysis, July 03 – Top Trade Setups In Forex...

A day before, the highly noticed Non-Farm Employment Change from the United States was increased to 4.8M from the expected 3.037M and supported the U.S. dollar. The Unemployment rate from the U.S. in June dropped to 11.1% from the 12.4% forecasted and helped the U.S. dollar. The news side is a bit muted today, and we may see no major even as the U.S. Banks will be closed in the observance of U.S. independence day.

Daily Market Update: BoE Left Rates On Hold, Philly Fed Manufacturing...

   News Commentary   The Pound strengthened after the Bank of England left interest rates steady, but the vote for a rate hike by the bank’s chief economist came with

Daily F.X. Analysis, February 27 – Top Trade Setups In Forex...

On the forex front, the U.S. dollar stabilized on Wednesday, with the ICE U.S. Dollar Index gaining 0.2% on the day to 99.14. The European Central Bank will report the Eurozone's M3 money supply in January (+5.3% on-year expected), February Economic Confidence Index (102.8 expected), and final readings of Consumer Confidence Index (-6.6 previously). Let's take a look at trade ideas...

Daily F.X. Analysis, February 10 – Top Trade Setups In Forex...

The U.S. Labor Department reported that the economy added 225,000 nonfarm payrolls in January, higher than the addition of 162,000 expected. Meanwhile, the jobless rate climbed to 3.6% (3.5% expected). Average hourly earnings grew 0.2% on month (+0.3% expected) and were up 3.1% on year (+3.0% expected).

Daily F.X. Analysis, March 05 – Top Trade Setups In Forex...

On the forex front, the U.S. Dollar Index rebounded 0.2% on the day to 97.37, snapping a four-day decline, supported by better-than-expected U.S. economic data. The Research firm Markit will publish February German Construction PMI.

Daily F.X. Analysis, July 01 – Top Trade Setups In Forex...

On the news front, the primary focus will stay on the ADP non-farm payroll figures, which are expected to be positive. If the actual data also comes out positive, we are going to see sharp selling in gold. Conversely, the negative data can drive selling the dollar and buying in gold.

Steady Movement In Gold – Eyes on FOMC & Fed Rate...

On Wednesday, the price of the precious metal gold moved in a tight range as cautious traders back out from big bets before of U.S. Federal Reserve's monetary policy statement following in the day and amid an imminent tariff deadline.

Daily -UK CPI Gives Sterling (short-lived?) Upward Momentum; NAFTA Talks Continues;...

  NEWS COMMENTARY Trade war Investors continue expectant on new developments over the U.S.-China trade war after the Trump administration said on Monday it will implement new tariffs of 10%

AUD/JPY Ascending Triangle Pattern – Stronger Aussie Lift the Pair! 

The AUD/JPY pair is flashing green and bounced off the 69.160 support level. The currency pair seems to come out of pressure, which was there on JPY due to the risk-off market sentiment. The wave 2.0 of the coronavirus (COVID-19) is eventually underpinning the safe-haven Japanese yen. 

Daily-Active Day for European Assets; Heaving Data Awaits!

NZD/USD With this kind of clear ending diagonal on the last 5th wave and daily Doji candle confirmation, retrace up was highly anticipated, as you can see in our previous

Markets in Risk-on Mode; Hold your Existing Positions

NZD/USD Better than expected GDP numbers provided us with an extra 4th good reason to sit tight with our long NZD/USD trade. As we already said, from a technical and

XAUUSD Resting On A Key Area, Breakdown Imminent

    XAUUSD   [caption id="attachment_19169" align="alignnone" width="2466"] XAUUSD resting on capitulation zone[/caption] XAUUSD is resting on a very key area and trend line. It is already trading within

GBP/JPY to Gain Support Over Upward Trendline – Buying Limit!

The Japanese cross currency pair GBP/JPY has dropped to trade at 130.300 as investors are moving towards safe-haven assets such as gold and Japanese yen. At the same time, traders seem to cash out from Sterling, causing it to tumble to its lowest level on record versus the currencies of the United Kingdom's major trading partners.

Eurozone under Political Decisions

    News Comentary The Euro has an eye on Italian politics following the news that an Italian coalition government could be in the making. The leaders of the League

WEEKLY UPDATE from January 22 to 26, 2018

  Weekly Update's Hot Topics: JPY - BOJ KEEPS THE MONETARY POLICY UNCHANGED, AND INFLATION CLOSE TO TARGET. DOLLAR - DESPITE THE DEAL TO STOP THE SHUTDOWN THE GREENBACK HAS

EURUSD Total Capitulation Ahead, Target 1.08 and Beyond

The future ahead is extremely bearish. I'm talking > 1,000 pips bearish. I'm talking close to parity with the USD bearish. Leaving out the myriad of Financial Astrology analyses

FX Options Market Combined Volume Expiries for 18 May 2020

Thank you for visiting the Forex Academy FX Options market combined volume expiries section. Each day, where available, we will bring you notable maturities in FX Options of amounts of $100 million-plus, and where these large combined maturities at specified currency exchange rates often have a magnetic effect on price action, especially in the hours leading to their maturities, which happens daily at 10.00 AM Eastern time. This is because the big institutional players hedge their positions accordingly. Each option expiry should be considered 'in-play' with a good chance of a strike if labelled in red, still in play and a possible strike if labelled in orange and 'out of play' and an unlikely strike if labelled in blue, with regard to the likelihood of price action meeting the strike price at maturity.

Bullish Bias in Gold Fades – Is It Going to Retrace...

On Friday, the yellow metal gold as showing sideways trading around 1,683 level after mounting to the highest level since March 9. Yesterday, most of the bullish bias was seen in the wake of another stimulus plan announced by the Federal Reserve. 

USDJPY – Expecting the Breakout

Description

Gold Choppy Sessions Continues – Wait for Breakout! 

The safe-haven-metal prices regain its bullish traction and rose from a one-week low of $1,717.34 to $1,734.05, mainly due to the risk-off market sentiment in the wake of US-China intensified tussle and coronavirus (COVID-19) second wave fears. On the other hand, the U.S. dollar also draws safe-haven bids and managed to limit any additional gains in the gold prices. At this moment, the safe-haven-metal prices are currently trading at 1,734.97 and consolidating in the range between 1,724.50 and 1,735.55.

Daily F.X. Analysis, February 21 – Top Trade Setups In Forex...

On the forex front, the ICE U.S. Dollar Index advanced 0.2% on the day to 99.88, the strongest level in nearly three years, supported by broadly positive U.S. economic data. Official data revealed that the eurozone's Consumer Confidence Index rose to -6.6 in February (-8.2 expected) from -8.1 in January, while the German GfK Consumer Confidence Index for March slipped to 9.8 (as expected) from 9.9 in February. Later today, research firm Markit will release eurozone's February Manufacturing PMI (47.4 estimated) and Services PMI (52.3 expected).

Gold’s Sideways Trading Continues – Quick Trade Plan Today! 

Gold price edged up to $1,571, an ounce extending its rebound to a fourth session. On Tuesday, the precious metal gold edged lower as European stocks climbed to record highs and the dollar hit a four-month peak, after a fall in the number of new confirmed cases of coronavirus limited the appetite for lower-risk assets and drove buying elsewhere.

Gold Violated Upward Channel – Stronger Dollar to Drive Sell-off! 

The safe-haven-metal prices failed to stop its previous day losing streak and dropped to $1,725.96 while representing 0.12% losses on the day as the US President Donald Trump did not use military power to stop the riots which fueled the risk-on market sentiment and pushed investors to withdraw their money from the safe-haven assets. 

Daily FX. Analysis, March 18 – Top Trade Setups In Forex...

The US dollar strengthened against its major peers, with the ICE Dollar Index jumping 1.3% to a three-week high of 99.38. Later in the day, the European Commission will post final readings of February CPI (+1.2% on-year expected) and January trade balance (19.2 billion euros surplus expected).

Gold’s Symmetric Triangle Breakout – Is It Going After 1,637? 

The precious metal gold is trading dramatically bullish at 1,622 in the wake of boosted safe-haven appeal. The U.S. stocks advanced, buoyed by China's stance in supporting local businesses amid the impact of the coronavirus outbreak. At the same time, minutes of the Federal Reserve's last monetary policy meeting showed that officials were optimistic about the U.S. economy.

Quick Up On USD/CAD Signal – Breakout, Fakeout! 

The USD/CAD pair was closed at 1.40160 after placing a high of 1.40424 and a low of 1.39000. Overall the movement of the USD/CAD pair remained bullish throughout the day. 

Crude Oil Completes 23.6% Retracement – EIA Report Ahead! 

The WTI crude oil prices continue to increase, mainly due to intensifying tension in the Middle East. The U.S. Crude Oil WTI Futures jumped 2.9% to $62.98 yesterday.

EUR/USD Higher High, Higher Low Pattern – Quick Update on Trading...

The EUR/USD prices were closed at 1.09228 after placing a high of 1.09759 and a low of 1.09020. Overall the movement of the EUR/USD pair remained bullish throughout the day.

Daily F.X. Analysis, May 07 – Top Trade Setups In Forex...

The greenback gained against most of its rivals and became the best performer along with JPY on Wednesday. Despite the loss of 20 million jobs in U.S. private payrolls, the U.S. dollar still managed to remain high on board. The ADP Non-Farm Employment change showed that during April, about 20236K people reported as jobless against the 20500K of expectations. Brace for U.S. Jobless Claims...