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  1. #121
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    Oct 2015
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    STELLAR’S LUMEN TECHNICAL ANALYSIS – BUCKS THE TREND EARLY

    Key Highlights
    Stellar’s Lumen gained 4.09% on Wednesday, partially reversing Tuesday’s 7.73% slide, to end the day at $0.19099.
    An intraday low $0.18015 hit in the early afternoon held above the day’s first major support level at $0.1771.
    A mid-afternoon rally led Stellar’s Lumen to a late in the day intraday high $0.19327, coming within reach of the day’s first major resistance level at $0.1941 before easing to the day’s ending $0.19099.
    Stellar’s Lumen Price Support
    Stellar’s Lumen gained 4.09% on Wednesday, partially reversing Tuesday’s 7.73% slide, to end the day at $0.19099.

    In a relatively choppy day, Stellar’s Lumen was under pressure through the morning, while finding support at $0.18 levels to avoid a pullback to $0.17 levels.

    Failed attempts at a breakout in the late morning to $0.19 levels saw Stellar’s Lumen slide to an intraday low $0.18015 that held well above the day’s first major support level at $0.1771, leading to a second half of the day rally that saw Stellar’s Lumen move through to an intraday high $0.19327, testing the day’s first major resistance level at $0.1941 before easing back to an end of day $0.19099.

    The continued failure to break out from major resistance levels and the 23.6% FIB Retracement Level at $0.2442 has left the extended bearish trend formed at late April’s swing hi $0.46457 firmly intact, with no signs of a bearish trend reversal in sight.

    At the time of writing, Stellar’s Lumen was down 0.06% to $0.19087 in what’s been a range bound start to the day by Stellar Lumen standards.

    An early morning $0.19243 high came up short of the day’s first major resistance level at $0.1961, with a mid-morning $0.18807 low managing to steer clear of the day’s first major support level at $0.1830 in spite of the broad based market sell-off, with Stellar’s Lumen having bucked the trend earlier in the morning with minor gains.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news


  2. #122
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    EUR/USD MID-SESSION TECHNICAL ANALYSIS

    Based on the earlier price action, the key level to watch on the downside is an uptrending Gann angle at 1.1559 and the Fibonacci level at 1.1590. With the EUR/USD pulling back, trader reaction to 1.1559 and 1.1534 will tell us if the counter-trend buying is strong enough to prevent a resumption of the downtrend.
    The EUR/USD is bouncing back on Thursday after earlier weakness. The recovery is being fueled by data showing inflation in some German regions held this month above the target rate set by the European Central Bank.

    Additionally, in the U.S., Final GDP for the first quarter came in at 2.0%, lower than expected and Weekly Unemployment Claims rose a little more than estimated.
    Daily Technical Analysis
    The main trend is down according to the daily swing chart, however, the price action indicates a secondary higher bottom at 1.1527 may be forming. A trade through 1.1509 will reaffirm the downtrend. The main trend will change to up on a move through 1.1721.

    The short-term range is 1.1509 to 1.1721. Its retracement zone at 1.1590 to 1.1615 is resistance. Overcoming this area will indicate the buying is strengthening. The EUR/USD is currently testing the lower, or Fibonacci level at 1.1615.

    The major resistance is a pair of 50% levels at 1.1681 to 1.1756. Inside this zone is a short-term Fibonacci level at 1.1720. This level stopped the rally earlier in the week at 1.721.
    Read more:http://www.xtreamacademy.com/forex-forecast

  3. #123
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    GOLD PRICE PREDICTION – GOLD SURGES FORMING OUTSIDE DAY REVERSAL

    Gold prices rebounded sharply on Tuesday, as trade concerns and Trump tweets roiled the capital markets. European PPI accelerated more than expected which could push the ECB into action more quickly than expected paving the way for higher gold prices. Gold prices surged generating an outside day, which is a higher high, a lower low and a higher close which is generally considered a reversal pattern pointing to higher prices. Support is seen near the June lows at 1,237. Resistance is seen near the 10-day moving average at 1,257. Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal.

    Trump said he hopes the WTO changes its ways
    Trump said he hopes the WTO changes its ways and if they don’t treat us properly, we will be doing something. He plans to be meeting with the EU about trade soon as well. He just spoke with the president-elect of Mexico about border security, trade, NAFTA and possibly a separate trade agreement. Trump thinks the president-elect will help with the border. He is also continuing to meet over the Supreme Court candidates and expects to make a decision in the next few days.
    Read more:www.xtreamforex.com

  4. #124
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    GOLD PRICE FORECAST – GOLD MARKETS SLIGHTLY BULLISH IN THIN TRADING ON WEDNESDAY

    Gold markets rose slightly during the trading session on Wednesday yet remain very choppy as the geopolitical situation continues to move markets in general. Beyond that, the US dollar has been very noisy as of late as traders try to get a grasp on what is happening around the world as far as trade is concerned.

    Gold markets went back and forth during the trading session on Wednesday, rallying slightly as the Americans were away celebrating the Independence Day holiday. This made for a thin market, so I would not take too much to heart with the move to the upside, but I think we are essentially in a situation where we should be waiting for signs of exhaustion that we can start selling. This is because Gold has recently broken below a major uptrend line, and of course the US dollar continues to strengthen overall. However, in the Forex world the US dollar has given back a little bit of the gains, as it may have gotten a bit overbought and was due for a correction.

    I believe that the market will eventually go looking towards the $1200 level, and at this point I’m waiting for some type of exhaustive set up to take advantage of the US dollar being offered “on the cheap.” Overall, I think that the market is one that you need to be patient with, and therefore I think the old axiom of “we get paid to wait as traders” certainly applies to this market.

    Overall this will continue to be very noisy market, but I think that the patient and prudent trader will find plenty of opportunities in this longer-term downtrend. However, if we were to break above the $1275 level should send this market looking towards the $1285 level.
    Read more:www.xtreamforex.com

  5. #125
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    S&P 500 PRICE FORECAST – S&P 500 CONTINUES TO BUILD UPWARD PRESSURE

    The S&P 500 market has drifted a bit higher during the trading session on Tuesday, reaching towards the 2800 level above. I think that the market is trying to build up enough momentum to finally break out above there, but it’s going to take quite a bit of bullish pressure to do so.

    The S&P 500 has gone a little higher during the trading session on Tuesday, as it looks like we are ready to reach towards the 2800 level. I think that if we can break above that level, it’s likely that we are going to continue to go higher. Short-term pullbacks are buying opportunities, and with that being the case it’s likely that the 2770 level underneath will offer support, and most certainly the 2750 level will as well.

    If we do break above the 2800 level, the market is very likely to go higher, perhaps reaching towards the 2850 level over the longer-term. The S&P 500 will of course offer buying opportunities on these dips as the market certainly favors the upside overall. That’s not to say that it will be easy, but I think eventually we will go higher. Ultimately, the S&P 500 is a great barometer on the global market risk appetite, which seems to be doing a bit better over the last several days. The jobs number last week of course helped, so I think that the S&P 500 will continue to find plenty of value hunters on dips.

    I have no interest in shorting whatsoever, and I believe that it is only a matter of time before being patient will offer a nice opportunity to take advantage of a strong trend. We’ve heard a lot of “doom and gloom” when it comes to the stock markets, but the resiliency is obvious.

    Read more:www.xtreamforex.com

  6. #126
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    Default Xtreamforex daily news

    BITCOIN AND ETHEREUM PRICE FORECAST Ė BTC PRICES SLIDE

    The prices have come under pressure, though for no specific fundamental reason, and this continues the range and consolidation in this market.
    The BTC prices fell back into range and as we have been saying many times over the last few days, this is likely to continue in the short and medium term as well. We do not find any reason for the prices to make a breakout on either side of the range and hence the prices are only going to consolidate in the coming days. The prices are back below the $6500 region and though there might be a temptation to find a reason for the fall, we would advise our readers to not to try and look at it too much as this has been the case over the past several weeks. The market has become settled more or less over the last few weeks and we are seeing increasing signs of maturity, unlike the same time last year where even little bits of news were met with the prices moving up very quickly or moving down very quickly as well.
    Read more:www.xtreamforex.com

  7. #127
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    AUD/USD AND NZD/USD FUNDAMENTAL DAILY FORECAST – TRADING SLIGHTLY BETTER AHEAD OF SLEW OF CHINESE ECONOMIC DATA

    Look for the return of volatility at 0200 GMT when China releases its economic reports. GDP is expected to come in at 6.7%, down slightly from 6.8%. Fixed Asset Investment is expected to come in at 6.0%, down slightly from 6.1%. Industrial Production is estimated to have risen 6.5%, down from 6.8%. Retail Sales are expected to come in at 8.8%, up from 8.5%. Last month’s Unemployment Rate was 4.8%.
    The Australian and New Zealand Dollars are trading slightly higher early Monday as investors await the release of a slew of economic data from China. The data includes reports on Gross Domestic Product, Fixed Asset Investment, Industrial Production, Retail Sales and the Unemployment Rate. There will also be a NBS Press Conference. The reports are expected to be released at 0200 GMT.

    At 0130 GMT, the AUD/USD is trading .7427, up 0.0002 or +0.04% and the NZD/USD is at .6772, up 0.0005 or +0.09%.

    Increased demand for higher risk assets are helping to underpin the Aussie and Kiwi, however, firmer U.S. Treasury yields may be capping gains.

    Longer-term, the Australian and New Zealand Dollars are bearish because of the divergence in monetary policies between the hawkish U.S. Federal Reserve and the dovish Reserve Bank of Australia and the dovish Reserve Bank of New Zealand.
    Read more:www.xtreamforex.com

  8. #128
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    BITCOIN CASH, LITECOIN AND RIPPLE DAILY ANALYSIS

    While itís a positive start to the day, itís going to need to be a spectacular end to the weekend for the majors to see their losses from the week reversed. Uncertainty over what lies ahead from a regulatory standpoint remains the key issue for the market.

    Bitcoin Cash Back at $700 Levels
    Bitcoin Cash gained 1.4% on Saturday, following Fridayís 0.77% rise, to end the day at $701.9.

    Fridayís late reversal continued through the morning, with Bitcoin Cash falling to an intraday low $685.5 before moving back through to $700 levels, the dayís first major support level at $679.97 left untested on the day.

    An afternoon recovery saw Bitcoin Cash break through the first major resistance level at $709.07 with an intraday high $713 before easing back, Bitcoin Cash managing to hold on to $700 levels, though plenty of resistance pinned Bitcoin Cash back from an early weekend rally.

    At the time of writing, Bitcoin Cash was up 0.25% to $703.3, with Bitcoin Cash recovering from an early dip to a morning $697.6 low, which held above the dayís first major support level at $687.27, to a morning high $704.8.

    For the day ahead a move, through to $705 would support a run at the dayís first major resistance level a $714.77, with the second major resistance level at $727.63 in play should market sentiment improve through the morning.
    Read more:www.xtreamforex.com

  9. #129
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    FX WEEK AHEAD: CAD, GBP, JPY, AND NZD INFLATION; AND AUSSIE JOBS

    Talking Points:

    – Data releases are thinning on the calendar this week, with speeches from central bank policymakers making up three of the remaining eight ‘high’ rated events through Friday.

    – Inflation data in focus this week with New Zealand (Monday), British (Wednesday), Japanese (Thursday), and Canadian (Friday) CPI reports due out in the coming days.

    – The June Australian labor market report (Thursday) is the only non-inflation ‘high’ rated data release due the rest of the week.

    New Zealand is due to see a meaningful rise in Q2’18 inflation figures, lifted by the base effect from higheroil prices as well as a weaker trade-weighted New Zealand Dollar year-over-year. As a result, we’re looking for the Q2’18 New Zealand CPI figure to come in at +1.6% from +1.1% (y/y), the first rebound in three quarters. Nevertheless, inflation is due to remain below the RBNZ’s medium-term target of +2%,leaving little opportunity for 2018 rate hike expectations to rebound in a meaningful way. Currently, rates markets are not pricing in any RBNZ policy tightening in 2018; instead, a 10% chance of a 25-bps rate cut is priced-in for December 2018.

    A consensus forecasts are calling to see inflation having increased by +0.2% from +0.4% (m/m) and by +2.6% from +2.4% (y/y). Core CPI is expected to have stayed on holdat +2.1% unch (y/y). The report is expected to show the first tick higher in headline inflation since November 2017 (when it moved from +3.0% to +3.1% (y/y)). Now that Bank of England policymakers are embracing the point of view that the Q1’18 growth slowdown was transitory, signs are pointing to a 25-bps rate hike in August. According to overnight index swaps, rates markets are pricing-in 91% chance of a hike next month. As such, given the limited upside in pricing in a hike, a miss could leave a bigger impact on GBP-crosses than a beat.
    Read more:www.xtreamforex.com

  10. #130
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    AUD/USD SOARS AFTER JOBS DATA EXCEEDS EXPECTATIONS, EYES CPI NEXT

    TALKING POINTS FOR AUD/USD TRADING:
    Australian Dollar strengthened against US Dollar after positive employment data
    2-Year bond yields rose, but the RBA may still keep rates at their all-time low
    Sentiment-linked AUD remains vulnerable in the wake of possible US auto tariffs.
    The Australian Dollar appreciated against its US counterpart following the release of high-performing local jobs and employment data. The Australian economy added 50.9k jobs, a significant increase from economists’ forecasts of an additional 16.5k jobs and May’s 12.0k jobs. Meanwhile, June’s unemployment rate held in line with prior and estimate reports at 5.4% and the participation rate increased slightly to 65.7% from both prior and estimate values of 65.5%.
    The positive economic data may influence the Reserve Bank of Australia’s policy implications, as the uptick in employment data may lead to increased inflation, which we will see next week with the release of second quarter CPI. Two-year bond yields rose to 2.1901 from 2.0769 immediately following the data release, suggesting that the RBA may consider a change in rates quicker than they alluded to in their July meeting minutes. However, overnight index swaps were pricing at a 0.4% probability of rate hike probability at the RBA’s Aug 7 meeting at the time of the data release, not crossing the 50% threshold until their July 2019 meeting.
    Read more:http://www.xtreamacademy.com/forex-news

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