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  1. #1001
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    Intraday Level For EUR/USD for November 14, 2018

    When the European market opens, some economic data will be released such as German 30-y Bond Auction, Industrial Production m/m, Flash GDP q/q, French Final CPI m/m, and German Prelim GDP q/q. The US will also publish the economic data such as Core CPI m/m, and CPI m/m, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout BUY Level: 1.1361.
    Strong Resistance:1.1354.
    Original Resistance: 1.1343.
    Inner Sell Area: 1.1332.
    Target Inner Area: 1.1305.
    Inner Buy Area: 1.1278.
    Original Support: 1.1267.
    Strong Support: 1.1256.
    Breakout SELL Level: 1.1249.

    Analysis are provided by InstaForex

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    Gold is betting on inflation

    Gold marked the worst weekly dynamics in the last three months after the US dollar withstood the test of the midterm elections in the United States, the Federal Reserve confirmed its intention to continue the cycle of normalizing monetary policy, and producer prices in fact were better than expectations from Bloomberg experts. Acceleration of inflation is an important argument in favor of bringing the federal funds rate to a neutral level, which should be considered as a "bearish" factor for XAU/USD. That is why the futures quotes on the precious metal continue to be in the middle of the consolidation range of $1185-1215 per ounce, despite a number of positive news. Gold is anxiously waiting for the release of data on consumer prices, which is able to inspire fans of the USD index for new feats.

    The beginning of negotiations between Beijing and Washington is regarded by investors as a de-escalation of the trade conflict. The breakthrough, according to BofA Merrill Lynch, can lead to selling the US dollar. This currency will lose the status of a safe-haven, which faithfully served it in April-October. The precious metal is supported by the next round of correction of American stock indices and the reluctance of fans of products of specialized exchange-based funds to get rid of them. Despite falling prices, stocks of the largest ETF SPDR Gold Shares rose from 730 tons to 755 tons in the last month. Let me remind you that the pullback of the S&P 500 in October allowed gold to grow in parallel with the US dollar. In November, this does not happen, but the weakness of American inflation will return to the "bulls" on XAU/ USD faith in themselves. Dynamics of gold and Dow Jones index

    Controversial news from the eurozone contributes to the stabilization of the USD index. Irish tabloids argue that the deal between Brussels and London has already been concluded, it remains only to ratify it in Parliament. At the same time, Italy stated that it was not going to rewrite the draft budget submitted earlier by the EU with a 2.4% deficit of GDP. The pound and the euro have recently moved synchronously: investors understand that the disorderly Brexit will put pressure not only on Britain, but also on the eurozone. The presence of positive from the first and negative from the second makes them stay away from the market.

    Technically, the return of gold futures quotations to the middle of the previous consolidation range of $1185-1215 per ounce indicates the activation of the "Cheating-out" pattern. On the other hand, the retreat from support near the target by 88.6% on "bat" pattern will return the initiative to the "bulls". Gold, daily chart

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  3. #1003
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    Indicator analysis. Daily review for November 19, 2018 for the pair GBP / USD

    The price on Friday rally down worked out the top. Bears were fixing profits, and the market broke off the support line 1.1248 (red thick line). On Monday, there is no strong calendar news. Most likely, the bears once again try to resume movement down.

    Trend analysis (Fig. 1).



    On Monday, the price will move downward with the first target 1.2751 - the support line (red thick line).
    Fig. 1 (daily schedule).
    Comprehensive analysis:
    - indicator analysis - down;
    - Fibonacci levels - neutral;
    - volumes - down;
    - candlestick analysis is neutral; - trend analysis - up;
    - Bollinger lines - up;
    - weekly schedule - up.
    General conclusion:
    On Monday, the price will move downward with the first target 1.2751 - the support line (red thick line).

    Analysis are provided byInstaForex.

  4. #1004
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    EU and Britain reached an agreement on Brexit

    The latest news: the European Union and Britain signed a joint declaration on relations after Brexit.

    This is an important step to resolve the main problem for Britain and the EU at the moment.

    This is an important victory for Theresa May in the fight against opponents in Britain.

    On this news, the pound rose sharply by almost 1%.

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    GBP/USD. Will Brexit trip over Gibraltar?

    The pound is again under pressure because of the vague prospects of Brexit. The forced pause in this matter created an informational vacuum, but yesterday alarming signals were received regarding further approval algorithm for the deal. And it's not just the obstinacy of the British deputies: some representatives of Europe also expressed their dissatisfaction with the draft "divorce" agreement.

    Another stumbling block was the British overseas territory – Gibraltar. A few centuries ago, the British won this strategically important piece of territory from the Spaniards, and since then disputes over its ownership have not subsided between countries. However, the discussion of this issue was conducted in a sluggish mode for many years: just now Madrid found a reason to intensify this process, in other words - took advantage of the situation.

    Although a few months ago, Theresa May held talks with the Spanish side regarding Gibraltar, and this point was considered a resolved matter. In particular, in the spring of this year, Brussels proposed to give the Spaniards the veto over Gibraltar's future trade relations with the EU. After months of negotiations, the parties reached a compromise – at least, this was stated by the official representatives of Spain after the October EU summit.

    In other words, the British flatly refused to make changes to the "body" of the agreement itself, while they can sign other documents regulating the relations of countries with respect to Gibraltar. It is worth noting that Angela Merkel and some other representatives of European countries recently said that the key EU summit on Brexit, which is scheduled for November 25, will not take place unless an agreement is reached on the remaining part of the agreement. It is this fact that brought down the pound to the 27th figure yesterday - uncertainty again prevailed over optimism.

    However, according to the Spanish press, this morning London and Madrid signed four memorandums of understanding, as well as a tax treaty. If today Spain will remove its demands (or rather,an ultimatum) about the change in the text of the draft deal, then the British currency will play its position in the context of corrective growth. But a steady and large-scale growth of the GBP/USD is still not expected. At least until November 25, that is, until next Sunday, the pound will be under background pressure in anticipation of the next stage of the "divorce process".

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    GBP / USD Forecast for November 26, 2018

    GBP / USD

    The trading volume on the British pound on Friday was the smallest in the last 3 months. Under the general pressure of the dollar (USDH 0.46%) and in anticipation of the decision of the EU emergency meeting on Brexit, the pound lost 64 points.

    On Sunday, the EU countries unanimously adopted the Brexit plan. In England, the opposition,in particular the Labor Party, spoke out against voting on this draft in Parliament and suggested either changing the text of the treaty or holding a second Brexit referendum. On the other hand, EU representatives replied that there would be no second agreement on the UK leaving the EU, that is, under the most extreme scenario, England would leave the EU without a deal. It seems to us that the treaty will still be ratified until December 25 as required. But we do not expect significant growth of the pound in this case, since in fact, the United Kingdom will still acquire small restrictions. Probably, there will be no growth at all - as the working out of the exchange phenomenon of selling on the facts.

    In the current situation, we are waiting for the price to overcome the support of the price channel line on the daily timeframe at about 1.2777. After that, we are waiting for the further decline of the pound to the underlying line in the 1.2560 area.

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    Elliott wave analysis of EUR/NZD for November 27 - 2018

    We are still looking for a firm break above minor resistance at 1.6767 for a continuation higher to at least 1.6915 and likely even closer to resistance near 1.7023,

    Short-term support is seen 1.6698, which ideally will protect the downside for the expected break above 1.6767, but it will take an unexpected break below support at 1.6638 to cause concern and indicate that wave iv/ could have completed prematurely.

    R3: 1.6879
    R2: 1.6836
    R1: 1.6832
    Pivot: 1.6767
    S1: 1.16731
    S2: 1.6706
    S3: 1.6642

    Trading recommendation:
    We are long EUR from 1.6706 with our stop placed at 1.6555. We will raise our stop to break-even upon a break above 1.6767.

    Analysis are provided by InstaForex

  8. #1008
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    GBP / USD. Pound does not believe in "soft" Brexit

    After the turbulent events of the past week, the financial world froze in anticipation. In early December, it will become clear whether the market will return to a state of relative stability or global uncertainty will continue further, defining the corresponding prospects for 2019. Given such an eventual fork, any prediction of currency strategists somehow comes down either to Brexit or to US-China trade relations. In the case of the pound-dollar pair, both topics are relevant - especially now, on the eve of the G20 summit and the key vote in the British parliament.

    Brexit has an unconditional priority for the pound - all other fundamental factors are of secondary importance. These may affect the dynamics of the currency only if an information vacuum is temporarily created around the "main" theme. Recently, there are practically no such periods: the prospects for the most important voting are spoken daily, the most diverse speakers - from political scientists to the leaders of British political parties.

    The disposition at the moment is as follows : there are 650 deputies in the British parliament. Meanwhile, the prime minister needs 320 votes in favor in order for the deal to pass through the millstones of the House of Commons. The complexity of the situation lies in the fact that, after the extraordinary re-election, the conservatives have lost the majority - now they are only left with 316 votes. In this regard, they entered into a coalition alliance with the Democratic Unionist Party (DUP), 10 deputies of which has provided control over parliament to conservatives. Theoretically, Theresa May has the necessary number of votes. However, in practice, the situation is completely different. Unionists have already managed to declare that they will not vote for the draft deal: a similar statement was made by the representatives of the Labor party and the Scottish National Party.

    One must not forget about the quoted currency GBP / USD - dollar. On the eve of the G20 summit, Trump made a rather unfriendly statement about the introduction of new tariffs on Chinese imports - from January 1 of next year. Such rhetoric only increased the importance of the G20 summit, which will begin this Friday. Against the background of increased uncertainty, the American currency is again increasing its position: the dollar index is in the area of 97 points. In other words, the uncertainty of the British currency and the restoration of the greenback determine the southern trend for the pair. The nearest support level is far below the current levels at around 1.2670. This is the bottom line of the Bollinger Bands indicator on the daily chart.

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  9. #1009
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    Forecast for USD / JPY on November 29, 2018

    Yesterday, the Japanese yen was able to withstand the onslaught of counterdollar currencies at the speech of Fed Chairman Jerome Powell, but this resistance weakened today in the Asian session - the yen's decline is 32 points. Of course, the yen has a traditional patron - the stock market. Yesterday, the S & P500 added 2.3%. Today, the Nikkei225 is growing by 0.61%. It seems that the stock market rally has already begun. According to the data released today, retail sales in Japan added 3.5% y / y in October against the forecast of 2.7% y / y. Tomorrow, a whole block of positive changes are expected: industrial production growth in October is 1.3%, the base CPI of the capital Tokyo in November from 1.0% y / y to 1.1% y / y. Consumer confidence index is expected to be 43.3 against 43.0 earlier, the number of new housing bookmarks is from -1.5% y / y to 0.4% g / g.

    At the moment, the price is close to the Krusenstern indicator lines and the balance on H4, but as part of the fluctuation, it is possible to reduce to support for the daily scale in the area of 113.00. From the level, we are waiting for the price reversal up to the resistance of the trend line of the price channel (115.15).

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    Bitcoin analysis for December 03, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    Trading recommendations:

    According to the H1 time - frame, I found the upward breakout of the 6-hour balance, which is sign that buyers are in control today. I also found the rejection from the demand zone (blue shape), which is another sign that selling looks risky. My advice is to watch for buying opportunities. The upward targets are set at the price of $4.117 (Fibonacci expansion 61.8%) and at the price of $4.225 (swing high).

    Support/Resistance
    $4.000 – Intraday resistance
    $3.870– Intraday support
    $4.117– Objective target 1
    $4.225 – Objective target 2

    With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

    Analysis are provided by InstaForex

  11. #1011
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    Experts Goldman predicts oil prices above $ 65 if OPEC cuts production

    Company does not offer investment advice and the analysis performed does not guarantee results

    Financial analysts at Goldman Sachs believe that the price of Brent crude oil may exceed $ 65 per barrel if the OPEC member countries agree to reduce production this week.

    Experts agree that the wording of the new OPEC agreement will be restrained, for example, the goal could be to stabilize the volume of commercial stocks.

    According to their estimates, at the beginning of next year, the price of Brent crude oil may exceed $ 70 per barrel amid a reduction in exports and the cessation of growth in reserves that exceed seasonal rates. This price level will allow for normalization of reserves, while not sufficient for an excessive increase in drilling activity in the United States.

    If oil quotes reach $ 62-63 per barrel, this may stimulate further growth to $ 70 per barrel. However, if OPEC does not reach an agreement on reducing production at the next meeting on December 6-7, this will lead to the continuation of a downward rally.

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    Forecast for GBP/USD for December 5, 2018

    The correction on the British pound yesterday took place even higher than the area we expected, the limiter was the balance line of the daily timeframe. On the four-hour chart, the signal line of the Marlin oscillator formed a long corridor, pushing off from its upper limit. The reason for the increased dynamics was the decision of the British Parliament to take over the authority of further Brexit process in case of failure of the May draft vote on the 11th. This turn of events has threatened the prime minister's resignation. Given that the EU may not want to process the finished project, which has been repeatedly stated, the country can leave the EU without a deal at all.

    So, the short-term technical growth took place, the price strengthened on the daily and H4 in the downtrend, we are waiting for the price to support the price channel line in the area of 1.2550.





    *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  13. #1013
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    GBP/USD. Supporters of "soft" Brexit have an unexpected ally

    The British currency was under strong pressure yesterday, following the controversial fundamental background. The unexpected cohesion of the British deputies against Theresa May has caused alarm to traders, after all, after only 6 days, parliamentarians must decide the fate of the Brexit deal. On the horizon, the prospects for Britain's chaotic exit from the EU again loomed, after which the pound fell to 18-month lows.

    On the other hand, Leadsom's statement supported the British currency: the fact that the position of the parliamentary leader puts the deputies before a simple but difficult choice: either they vote for a "bad deal", or they support a "hard" Brexit. No "plan Bs", re-referendum or other half-hearted scenarios. Only forward or backward, only "black or white", without any shades. It should be noted that Theresa May is now playing this card: in almost every speech she paints a catastrophic chaotic Brexit, warning deputies that they take responsibility for the implementation of such a scenario. That is why Labour has been actively promoting the idea of a second referendum or an alternative agreement with Brussels – to convince Parliament that their choice is not limited to "hard" or "soft" Brexit.

    That is why today's statement by Andrea Leadsom is so important – in fact, she sided with Theresa May – at least voiced the message, which is politically beneficial to the prime minister. And here it is worth noting that Leadsom has a strong enough influence among conservatives. She was one of the contenders for the premiere position after David Cameron left the post. Moreover, in 2016, she even went to the last round of elections of the leader of the Conservative Party, but lost to the current prime minister – 199 deputies of the Conservative Party voted for May's candidacy, 84 for Leadsom. Later, she withdrew her candidacy, thereby opening the way for Theresa May to the prime minister's office.

    Unfortunately, now we can only analyze the causes of this or that surge in volatility after the fact, while it is almost impossible to predict price fluctuations for the GBP/USD pair (as well as for other cross-pairs involving the pound).

    From a technical point of view, only support levels are relevant. In this case, the strongest support level is 1.2640 - the bottom line of the Bollinger Bands on the daily chart. Slightly higher is the price low of the year - 1.2660, which also acts as support - for example, yesterday, with a pulsed southern movement, the pair did not refresh this low, stopping at 1.2670. But here it is worth warning that with strong volatility, the above levels of support will not be able to resist the onslaught of bears, especially in anticipation of a key vote in the British parliament.

    Analysis are provided by InstaForex

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    Technical analysis: Intraday level for USD/JPY for December 11, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    In Asia, Japan will release the Prelim Machine Tool Orders y/y, 30-y Bond Auction, M2 Money Stock y/y, and BSI Manufacturing Index. The US will also publish some economic data such as Core PPI m/m, PPI m/m, and NFIB Small Business Index. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Resistance. 3: 113.66.
    Resistance. 2: 113.44.
    Resistance. 1: 113.22.
    Support. 1: 112.94.
    Support. 2: 112.72.
    Support. 3: 112.50.

    Disclaimer:
    Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors .The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Analysis are provided by InstaForex

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    Technical analysis: Intraday level for USD/JPY for December 13, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    In Asia, Japan will not release any economic data today, but the US will publish some economic data such as 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Resistance. 3: 114.03.
    Resistance. 2: 113.81.
    Resistance. 1: 113.63.
    Support. 1: 113.30.
    Support. 2: 113.08.
    Support. 3: 112.86.

    Disclaimer:
    Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Analysis are provided by InstaForex

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    Technical analysis: Intraday Level For EUR/USD for December 17, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    When the European market opens, some economic data will be released such as Empire State Manufacturing Index, Trade Balance, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will also release the economic data such as TIC Long-Term Purchases, NAHB Housing Market Index, and Empire State Manufacturing Index, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout
    BUY Level: 1.1362.
    Strong Resistance: 1.1355.
    Original Resistance: 1.1344.
    Inner Sell Area: 1.1333.
    Target Inner Area: 1.1306.
    Inner Buy Area: 1.1279.
    Original Support: 1.1268.
    Strong Support: 1.1257.
    Breakout SELL Level: 1.1250.

    Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Analysis are provided by InstaForex

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    Technical analysis: Intraday Level For EUR/USD for December 20, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    When the European market opens, some economic data will be released such as Current Account. The US will also publish the economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:

    Breakout BUY Level: 1.1440.
    Strong Resistance: 1.1433.
    Original Resistance: 1.1422.
    Inner Sell Area: 1.1411.
    Target Inner Area: 1.1384.
    Inner Buy Area: 1.1357.
    Original Support: 1.1346.
    Strong Support: 1.1335.
    Breakout SELL Level: 1.1328.

    Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

    Analysis are provided by InstaForex

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    Technical analysis: Intraday level for USD/JPY for December 21, 2018

    Company does not offer investment advice and the analysis performed does not guarantee results

    In Asia, Japan will release the National Core CPI y/y and the US will also publish some economic data such as Revised UoM Inflation Expectations, Personal Income m/m, Revised UoM Consumer Sentiment, Personal Spending m/m, Core PCE Price Index m/m, Final GDP Price Index q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable Goods Orders m/m. So there is a probability that the USD/JPY pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Resistance. 3: 111.78.
    Resistance. 2: 111.56.
    Resistance. 1: 111.85.
    Support. 1: 111.07.
    Support. 2: 110.86.
    Support. 3: 110.64.

    Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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  19. #1019
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    GBP/USD. And again Brexit: the pound fell into the zone of turbulence

    The situation in the foreign exchange market is changing rapidly: in the morning the pound-dollar pair showed a positive attitude, taking advantage of the weakness of the US currency – but in the second half of the day the British sharply fell throughout the market, testing the 25th figure paired with the greenback. It was followed by the euro, which was unable to hold local highs and hastily returned to December positions. After the New Year holidays, traders again remembered Brexit, the prospects of which are still very vague.

    The immediate reason for the price collapse of the GBP/USD was the message that Theresa May is holding an emergency meeting of the cabinet ministers today, on the agenda of which there will be only one issue – preparation for a "hard" Brexit. Traders reacted anxiously to this news, although, in my opinion, today's situation should be considered
    Why does May again begin to escalate the situation, "scaring" politicians with hard Brexit?
    Other proposed scenarios look too ephemeral to "compete" with the draft deal proposed by May. That is why in the coming days the situation will only escalate: supporters of the prime minister will, under any pretext, "scare" the public and politicians with catastrophic consequences of a hard Brexit. This strategy can persuade doubting MPs that a bad deal is better than a chaotic option – especially in the absence of clear alternatives.

    Traders of GBP/USD, in turn, will have to be patient: the pound reacts sharply to any comments or events related to the prospects of the "divorce process". Therefore, the period of "panic" will be perceived by the British quite painfully. At the moment, the pair is heading to the nearest, strongest support level of 1,2505 (the lower line of the Bollinger Bands on the daily chart), where a corrective pullback may follow.

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    Default GBP/USD: do not succumb to the illusions of growth

    The pound/dollar pair is now extremely unreliable in the context of any forecasts – and in the short term, and even more so in the long term. The general weakness of the US currency can create the illusion of the northern trend of GBP/USD, but in this case it is absolutely impossible to focus on the dynamics of the dollar. "Cable "for two and a half years is completely subject to Brexit, so the vector of price movement here depends only on the fate of the "divorce process".

    However, sometimes emotional news related to the prospects of the Federal Reserve's monetary policy still drowns out Brexit. One of those rare occasions happened yesterday. The resonant statement of the head of the Federal Reserve of Atlanta that the regulator can hypothetically reduce the interest rate coincided with the failure of the British parliament to vote for Theresa May's government. The GBP/USD pair remained in its positions (showing even the northern dynamics) only at the expense of the dollar that had sharply fallen throughout the market.

    The logic of this law is to "force negotiations": as many politicians believe, Theresa May has largely conceded to Brussels, and now "frightens" the Parliament by the lack of any alternative to the agreement reached. The above norm, in the opinion of the deputies, will incline the prime minister to additional negotiations with the EU.

    British MPs adopted another rule and is very significant of character. Parliament ordered the government to prepare a new Brexit plan if the members of the House of Commons do not vote on January 15 for the proposed draft deal. Moreover, ministers are obliged to present a "plan B" within three days after the failed vote. 308 of the 618 deputies of the lower house of Parliament voted in favour of the proposal, while 297 opposed the idea.

    It is not even the essence of the adopted bills that is important here (although their content also speaks volumes) - yesterday's voting showed a preliminary political alignment in the Parliament. And apparently, it is clearly not in favor of "soft" Brexit. The results of the vote suggest that the majority of deputies in the House of Commons are opposed to leaving the EU without an agreement – May's opponents are not only among Labour and other opposition parties, but also among "their" conservatives.

    Thus, the British prime minister's "saving strategy" seems to be a fiasco. Let me remind you that the local press this week discussed a possible scenario in which the Parliament approves the deal, but only if Brussels provides additional guarantees regarding the duration of the special regime on the Northern Ireland border. As you can see, the Parliament decided to go its own way, playing ahead. In addition, representatives of the European side also hurried to assure their British colleagues that they will no longer discuss the terms of the deal – under any conditions.

    Analysis are provided by InstaForex

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