GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
We will take our chances and make a call on this one.
S&P 500 added 70 points back into its pocket yesterday and we could see that the bulls were dictating the rules throughout the whole US trading session. If this is not just a temporary move, then we could see some more strength coming in later on today or even this week. Also, looking at the bigger picture, we can see that S&P 500 is forming a triangle and we ...
We saw strong Yen selling against all the major currencies yesterday. EUR/JPY moved about 210 pips to the upside and found resistance at the 200-day EMA on the 4h chart. The pair also broke the downwards moving trendline that was running from the 2nd of February, which may have turned the short-term outlook to somewhat positive.
EUR/JPY received a lot of buying ...
It has been a while since USD/CAD had such a bad week, like the last one. We saw the Canadian Dollar strengthening against its neighbouring currency, which pushed the rate lower, outside of the strong upwards moving channel. The pair was trading in that channel since the 2nd of February.
OUTLOOK (SCENARIO A / B)
In the short run, the pair is not looking ...
Last week, Brent followed the same trajectory as WTI, which was up. Oil kept moving higher and higher, and it seems that the bulls are not willing to jump out of the driver’s seat this weak as well. The latest rally started after the price tested the medium-term uptrend line that has been supporting the price action since June, and thus, we maintain the ...
GBP/CHF has been on a strong up move since the beginning of this month and it seems that the pair wants to continue pushing higher. Certainly, we could potentially see a bit of retracement coming in before the bulls jump in again. Until the bottom side of the channel is broken, the possibility of longer-term declines is off the table.
For now, a confirmed move ...