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  • MartinWilliams
    replied
    News to trade on November 7

    Here the candlesticks: http://bit.ly/2REiWDS

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  • MartinWilliams
    replied
    News to trade on November 6

    Check the candles: http://bit.ly/2Qn82BY

    06.11.2018

    The main event for the US dollar for today is mid-term Congressional elections. According to the latest polls, the opposite party of Democrats will likely take control of the House of Representatives. The markets liked the Republican reforms as well as Trump's tax cuts. If the Democrats win, the greenback will fall. In that case, watch the support at 95.7. If the Republicans win, the greenback can move up to the resistance at 96.35.

    US president Trump said the positive outcome on the trade deal with China is highly possible. China, in its turn, agreed to conduct the negotiations. It supported the Antipodeans, driving AUD/USD towards the resistance at 0.7286 and NZD/USD towards 0.6719.

    In other news for the Australian dollar, the Reserve bank of Australia announced no changes to its monetary policy. Low rates are still supporting the economy, housing markets are falling, business conditions are viewed as positive. The overall outlook for the labor market remains positive. The press conference did not have a significant effect on the currency, as the trade talks are playing a more important role at the moment. In case of negative news on this topic, the AUD will fall downwards to the support at 0.6615.

    As for NZD/USD, there are two releases today at 23:45 MT time: employment change and unemployment rate. According to experts, the employment change will increase by 0.5%. A higher-than-expected data will be good for the currency. The level of unemployment will reach 4.4%. If the actual level is lower, the kiwi will be supported. For now, the pair is testing the resistance at 100-day MA at 0.6658. If the employment data will outperform the forecasts, it can rise towards 0.6719. If the USD is strong, the pair will fall. The first support is at 0.6615.


    The Brexit headlines are still the market movers. Yesterday, the EU suggested a compromise on the Irish border backstop. It involves the unique way of ending a temporary customs arrangement with the union. However, the British cabinet of ministers is planning to suggest the other solution, which would be more suitable for Great Britain. GBP/USD is testing 100-day MA at the moment. Positive news on the outcome can lift the cable above the resistance at 1.3105, otherwise, it can fall towards 1.2899.

    The gold is supported by the election uncertainties. If the Democrats win, the price can move upwards to the resistance at $1,242. If the current party leads in the elections, it will increase the risk-on sentiment in the stock market and, therefore, push the price of a safe-haven asset downwards to the support at $1,227.

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  • MartinWilliams
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    5 important things this week will bring us!

    More at: http://bit.ly/2OoPH5N

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  • MartinWilliams
    replied
    Weekly CryptoNews

    More at: http://bit.ly/2D0F9rk

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  • MartinWilliams
    replied
    News to trade on November 1

    Check the candles: http://bit.ly/2qmhdav

    01.11.2018

    The main event for today is the Bank of England monetary policy summary and the press conference held by Mark Carney afterward. While there is no expectation of a rate hike, the GBP can be supported by the hawkish comments. Yesterday the UK Brexit minister Raab was confident about reaching the Brexit deal on the 21 of November. It lifted GBP/USD towards the resistance at 1.2895. Hawkish statements by the Bank of England can make the pair to stick above2895. Negative news can push the cable down to the support at 1.2704.


    The Chinese government announced further plans for stimulating the economy as the manufacturing data continues to decline, following the trade tensions between the US and China. It lifted the risk-on sentiment among the investors and made the risk currencies, such as the aussie and the kiwi to rise. AUD/USD crossed the resistance at 0.7134 towards the next resistance at 0.7164 (50-day MA). If the USD is strong or the uncertainties across the equity market increase, the pair will drop below the support at 0.7077. As for NZD/USD, the pair followed the same scenario. Up to now, it is testing the resistance at 0.6594. Strong USD will make NZD/USD to drop below 0.6529.


    The Chinese yuan, in its turn, rose from its weakest level. USD/CNH fell below the support at 6.9529. The next support is at 6.9287. If the USD is strong, the pair will go up to the resistance at 6.9522.


    The US dollar index is declining following the strong gains across the equity markets. The next support for the price lies at 95.15. The upcoming release of manufacturing PMI for the US at 17:00 can change the situation. Despite the index is expected to drop to 59 from 59.8 points, a higher-than-expected data can support the USD. In that case, the resistance for the price lies at 96.76.

    It seems like the risk-on market sentiment does not affect the direction of the price for the Gold. The price surged above the resistance at $1,221. However, higher-than-expected ISM manufacturing PMI can support the USD and thus push the commodity downwards the support at $1,208.

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  • MartinWilliams
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    News to trade on October 31

    Check the candlesticks: http://bit.ly/2PzwJhA

    31.10.2018

    The Bank of Japan announced no changes to its monetary policy in its statement. The interest rate remained at -0.10%, as it was widely expected. The economy of the country will continue to expand moderately. In addition, Japan made downward revisions to GDP (1.4% vs. 1.5% projected in July), CPI (1.4% vs. 1.5% projected in July) for 2019. Following the statement, USD/JPY rose above the resistance at 112.719. More positive comments on the outcome of the US-China trade war can support the USD and the pair can stick above the resistance at 113.569. If the JPY is stronger, the pair will fall below 112.719.

    Chinese manufacturing PMI fell to 50.2 in October. Also, the headline CPI for Australia declined to 1.8% reaching lower than the expected level. It made AUD/USD to test the support at 0.7077. The strong US dollar can make the pair to fall below 0.7077 to the next support at 0.7029. Otherwise, the pair will rise to the resistance at 0.7134.

    The US dollar index was supported by the higher-than-expected level of consumer confidence. The indicator increased to 137.9 vs 135.3 expected. It made the price to test the resistance at its August highs at 96.76. Up to now, the currency is trading in the red zone. Positive news for the USD can make the price stick above 96.76. In case of negative news, the US dollar index will wall downwards to the support at 96.00.

    As for Canada, there are two important events for today: the release of monthly GDP and the speech of the Bank of Canada Governor. GDP is anticipated to stay at the same level, however, the BOC governor Mr. Poloz can make hawkish comments which will support the currency. Recently, the BOC increased the interest rate to 1.75%, so the Governor can throw some hints on the current monetary policy of the bank. Today USD/CAD is rising towards the resistance at 1.3185. If the CAD is supported by today's news, the pair will be able to fall below the support at 1.3076.

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  • MartinWilliams
    replied
    News to trade on October 30

    Check the candles: http://bit.ly/2DbUma5

    30.10.2018

    The CB consumer confidence for the US will be released today at 17:00 MT time. It is expected it to drop to 136.3 points from reaching 138.4 points in September. Up to this moment, the USD index is rising towards the resistance at 96.76 due to the drop of 10-year Treasury yields. If the situation on the equity market stabilizes, the US dollar index can fall to the support at 95.98.


    Yesterday the US president Trump made some positive comments regarding his plans on reaching a great trade deal with China. It lifted the demand for the risk assets and made the aussie to rise above the resistance at 0.7077. If there is more positive news on the trade deal, the pair can stick above the resistance at 0.7134. If the USD is supported, the pair can fall down to the support at 0.7029. The NZD price was less certain yesterday and formed a Doji candlestick. Up to this moment, NZD/USD is testing the resistance at 0.6529, targeting the next resistance at 0.6694. The strong USD can make the pair fall downwards to the support at 0.6449.


    EUR/USD fell yesterday following the Angela Merkel comments about her stepping down as a chancellor in 2021. Positive news for the Eurozone can make the EUR stick above the resistance at 1.1429. If the USD is stronger, the pair can fell below the support at 1.1307.


    Yesterday UK's Finance Minister Hammond failed to deliver positive comments on Brexit during the British budget release. As a result, the price closed lower the psychological level at 1.28. Positive news on Brexit can support the British pound and it can move up to the resistance at 1.2895. However, the strong USD can continue to push the pair downwards 1.2704.

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  • MartinWilliams
    replied
    5 things you need to know this week

    More at: http://bit.ly/2Q3SAL9

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  • MartinWilliams
    replied
    Weekly CryptoNews

    Check the graphs: http://bit.ly/2Att8ZO

    26.10.2018

    Kevin Davitt, the analyst at CBOE: "Perhaps we are witnessing the maturation of a market. It's far too early to declare this the "new normal" but the persistent range over the last few weeks may be hinting at a structural shift. Time will tell."

    After reaching its September highs last week, Bitcoin is trading in a range-bound market between the resistance at $6,595 and the support at $6,485. The digital currency keeps losing its volatility, as trading cryptocurrencies becomes less chaotic and more professional. Even the news factor did not affect the price for Bitcoin as it used to last year. Thus, the latest speculations around Tether failed to create a long-term market activity. Some analysts even compare the volatility of Bitcoin price to shares of some large corporations, showing how little they change. At the moment, the digital currency is trading near the 50-day MA at $6,522. Unexpected positive events on the market can force the price to rise above the resistance at $6,595 to the next resistance at $6,629. In case of negative factors, the price can fall below $6,485 to the next support at $6419.


    In other news:

    Tether destroyed 500 million of USDT tokens, still, more than 600 million coins remain outside the market for now. The capitalization of Tether fell below 2 billion dollars for the first time since January.

    Regulations:

    Coinbase got a license from the state of New-York to provide custodian services for saving cryptocurrencies.
    Finance services agency in Japan gave an association of domestic crypto trading platforms official rights for regulating the crypto market.
    Chinese authorities are going to tighten the Blockchain start-up regulations.

    New releases:

    Sony developed a remote crypto wallet that is not needed to be plugged into the PC through the USB. Moreover, Blockchain and Ledger companies presented their co-developed digital wallet Lockbox.
    VanEck announced it destroyed all the possible reasons of a Bitcoin exchange-traded fund (ETF) rejection by the US Security exchange commission. A highly anticipated decision will be made on November 5.
    The Novatti Group will use Stellar blockchain for launching stablecoin backed by the Australian dollar.
    Bakkt announced a start of the trades of Bitcoin futures, however, we need to wait for the regulator's approval.

    Bitcoin $6,566.8(+0.40%)

    DASH $155.05 (-0.55%)

    Ethereum $206.75 (+1.19%)

    Litecoin: $51.88 (+0.62%)

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  • MartinWilliams
    replied
    News to trade on October 25

    Check the candles: http://bit.ly/2Po3Cxx

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  • MartinWilliams
    replied
    Trade euro on ECB comments.

    More at: http://bit.ly/2D33aPt

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  • MartinWilliams
    replied
    News to trade on October 23

    Check the graphs: http://bit.ly/2q7rreX

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  • MartinWilliams
    replied
    5 important things this week will bring us!

    Check the graphs: http://bit.ly/2AmbQOi

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  • MartinWilliams
    replied

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  • MartinWilliams
    replied
    Attention: trading schedule changes!
    Very important information for our traders! FBS reminds you of a trading schedule change due to DST!
    Starting from October 28th, 2018 Europe is setting the clocks back one hour. The MetaTrader time is set back one hour as well. Pay attention to this fact, because it affects the trading schedule.
    Trading for [XAUUSD, XAGUSD, Palladium, Platinum, WTI, BRN] will open one hour earlier MT time. Please keep this fact in mind when planning your trading sessions.
    And remember: whenever you have questions or concerns, please feel free to contact the FBS support team!


    http://bit.ly/2P1cglB
    -------------------------------------------

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