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  • TifiaFX
    replied
    EUR/USD: the Fed took a wait and see position
    11/21/2019

    The minutes published on Wednesday from the Fed meeting in October confirmed the central bank’s leadership’s attitude to take a wait-and-see attitude to determine if the economy will need additional stimulus in the coming months.
    "Most participants decided that monetary policy after lowering rates by a quarter percentage point at this meeting will be precisely tuned to maintain prospects for moderate economic growth, a strong labor market", the minutes said.
    The probability of the next one reduction in rates by the middle of next year, according to the CME Group, is about 50%.
    However, the dollar is falling on Thursday. At the start of today's European session, the DXY dollar index futures are trading near 97.70, 6 pips below today's open price and 13 pips below open price earlier this week.
    Now, participants in the financial market will follow the publication (at 12:30 GMT) of the minutes from the ECB meeting in October. If the protocols contain unexpected statements or new information regarding the prospects of monetary policy, this could lead to a surge in volatility in trading on the euro and on the European stock market.
    In October, the ECB did not change its monetary policy and announced no new measures. At the same time, among the Governing Council of the ECB, voices of opponents of the current incentive policy are increasingly heard.
    The next meeting of the ECB on monetary policy will be held on December 12, and any changes in the mood of the ECB leaders and their opinion on the current monetary policy of the central bank may lead to increased volatility in the financial markets, especially for the euro and EUR / USD.
    Currently, EUR / USD is developing an upward trend, trading above short-term support levels of 1.1065 (ЕМА200 on the 4-hour chart, ЕМА50 on the daily chart), 1.1060 (ЕМА200 on the 1-hour chart).
    Nevertheless, EUR / USD growth is above key resistance levels of 1.1130 (ЕМА144 on the daily chart), 1.1175 (ЕМА200 on the daily chart) is unlikely.
    In general, the long-term bearish trend of EUR / USD remains. The breakdown of the support level of 1.1060 will be a signal for the resumption of sales of EUR / USD.
    Support Levels: 1.1065, 1.1060, 1.0995, 1.0940, 1.0900
    Resistance Levels: 1.1110, 1.1130, 1.1175

    Trading Recommendations

    Sell ​​Stop 1.1050. Stop-Loss 1.1110. Take-Profit 1.1000, 1.0940, 1.0900, 1.0850
    Buy Stop 1.1095. Stop-Loss 1.1050. Take-Profit 1.1110, 1.1130, 1.1175


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    DJIA: Current Dynamics
    11/18/2019

    US stock indexes continue to grow and break new records, updating absolute highs.
    At the beginning of the European session on Monday, the S&P 500 is trading near the 3122.0 mark, and the Nasdaq100 is near the 8330.0 mark. Dow Jones Industrial Average broke through the resistance level of 28000.0, trading at the time of publication of the article near the mark of 28050.00.
    Investor enthusiasm stems from expectations of a trade agreement between the US and China. Investors continue to follow any comments by the US and Chinese authorities regarding trade negotiations. The deterioration of prospects in this direction may again bring down stock indices.
    The Fed’s propensity to maintain soft policy, as well as a revival of economic activity in the US, which is exceeded by expectations for GDP data for the 3rd quarter and the improvement of the American labor market in October, according to data presented at the beginning of the month, are also of positive importance for American stock indices.
    In an alternative scenario, the signal for DJIA sales will be a breakdown of the short-term support level of 27700.0 (ЕМА200 on the 1-hour chart). The immediate goal of the decline is located at the support level of 27250.0 (ЕМА200 on the 4-hour chart).
    In case of further decline, the targets will be the key support levels 26600.0 (ЕМА144 on the daily chart), 26400.0 (ЕМА200 on the daily chart).
    The breakdown of the support level of 26400.0 may provoke a further decrease to support levels of 25270.0 (August lows), an important support level of 25050.0 (Fibonacci level 23.6% of the correction to the DJIA growth wave, which began in February 2016 from 15500.0), 24600.0 (lows of June 2019).
    Nevertheless, the long-term positive dynamics of US stock indices remains. Long positions by DJIA are preferred.
    On Wednesday (at 19:00 GMT) the minutes of the October meeting of the Fed will be published, which may cause increased volatility in the financial markets if the protocol texts contain unexpected information regarding the prospects for monetary policy or the state of the US economy.
    Support Levels: 28000.0, 27700.0, 27400.0, 27250.0, 26900.0, 26600.0, 26400.0
    Resistance Levels: 28100.0

    Trading Scenarios

    Buy in the market. Stop-Loss 27680.0. Take-Profit 28100.0, 28500, 29000.0
    Sell ​​Stop 27680.0. Stop-Loss 28040.0. Take-Profit 27400.0, 27250.0, 26900.0, 26600.0, 26400.0


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    Brent: short positions are preferred
    11/15/2019

    A report released on Thursday by the US Department of Energy indicated another increase in US oil reserves (+2.219 million barrels, with a forecast of +1.649 million barrels). US oil inventories rose to 449 million barrels and are still 3% above the 5-year average for this time of year. The EIA also reported an unexpected increase in gasoline inventories by 1.9 million barrels and an increase in US oil production by 200,000 barrels per day, to a new record high of 12.8 million barrels per day.
    The report indicates that US oil reserves continue to grow. This is the eighth consecutive week of oil reserves growth.
    Despite the negative data for oil quotes, the optimism of the oil market participants, which was associated with expectations of a trade agreement between the US and China, contributed to an increase in oil prices in the last 2 months.
    As announced earlier this month, the Ministry of Commerce of China, the parties agreed to abolish duties at the same time and in equal amounts if a trade agreement of the first phase is signed.
    Oil demand also grew thanks to growth in the global and US stock markets.
    All three major US stock indexes hit record highs thanks to a robust US labor market, hopes for a US-China trade dispute and a successful corporate reporting season.
    Nevertheless, trade disagreements between the US and China continue despite oral agreements that gave hope for a delay in the introduction of new duties, while US oil reserves are growing with rising production levels.
    These are negative factors for oil quotes.
    Baker Hughes report on the number of active drilling rigs in the USA, which will be presented at 18:00 (GMT), will be in the focus of attention of oil market participants on Friday. It will probably indicate a further slowdown in drilling operations in the United States, as the relatively low oil prices force some shale oil producers to temporarily slow down.
    Previous reports indicated a decrease in the number of active oil platforms in the United States. If the report again indicates a decrease in the number of such installations, then this may give a short-term positive impetus to prices.
    Nevertheless, it is still premature to talk about a change in the bearish trend of oil to bullish.
    The price could not develop an upward trend above 63.30. Above it, there is a key resistance level of 63.90 (EMA200 on the daily chart and a Fibonacci level 38.2% of the downward correction in the wave of price growth from a level near the level of 27.10 to the highs of October 2018 near the level of 86.60 dollars per barrel).
    And while the price is trading in the zone below this resistance level, short positions look preferable, which speaks in favor of resuming sales when local correction levels of resistance will be reached.
    The breakdown of the support level of 61.45 (EMA200 on the 4-hour chart, EMA50 on the daily chart) will mean the resumption of the global downtrend with support at 60.40 (May lows), 58.50, 56.90 (Fibonacci level of 50% and the middle of the downward channel on the daily chart).
    Support Levels: 61.45, 60.40, 58.50, 56.90
    Resistance Levels: 62.20, 62.75, 63.30, 63.90

    Trading Recommendations

    Sell ​​by market, Sell Limit 62.75, 63.30, 63.90. Stop-Loss 64.10. Take-Profit 61.45, 60.40, 58.50, 56.90
    Buy Stop 64.10. Stop-Loss 62.90. Take-Profit 65.10, 67.00, 68.00, 69.00


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    NZD/USD: NZD dynamics on the eve of the RBNZ meeting
    11/11/2019

    On Wednesday, the next RBNZ meeting will take place, and the decision on rates will be published at 01:00 (GMT).
    In August, the RBNZ cut the rate at once by 50 bp to 1.00%, explaining this decision by the aggravation of the trade war between the US and China and the loss of momentum in the New Zealand economy. RBNZ executives are inclined to further soften monetary policy, believing that wage growth in the country remains weak, inflation expectations are falling, and low levels of business confidence indicate a slowdown in hiring and wage growth.
    It is widely expected that the rate will be reduced at this meeting by 0.25%, to the level of 0.75%.
    The RBNZ press conference will begin on Wednesday at 02:00 (GMT).
    Probably, the head of the RBNZ Adrian Orr will reaffirm the bank’s penchant for soft monetary policy, which will preserve the pressure on the New Zealand currency.
    New Zealand's export-oriented economy suffers greatly from a slowdown in the global economy and a decline in purchases of New Zealand products, including by China. Meanwhile, optimism and risk appetite of investors are gradually dying out. Although China announced an agreement to abolish duties, U.S. President Donald Trump said last Friday that the United States did not promise to abolish existing customs duties on Chinese goods.
    Meanwhile, the New Zealand dollar strengthened, and NZD / USD rose in the first half of today's trading day, rising to a short-term resistance level of 0.6372 (ЕМА200 on the 1-hour chart, ЕМА50 on the daily chart).
    Nevertheless, expectations of a lower interest rate of the RBNZ and the bank's propensity for soft policy will restrain NZD / USD and the New Zealand dollar from further growth.
    Below the resistance level of 0.6525 (EMA200 on the daily chart), short positions remain preferred. The breakdown of the local support level of 0.6322 will be a signal for resuming NZD / USD sales with the immediate target at 0.6260 (Fibonacci level 0% and minimums of the global wave of pair decline from the level of 0.8820).
    Support Levels: 0.6322, 0.6260, 0.6200, 0.6100
    Resistance Levels: 0.6372, 0.6390, 0.6435, 0.6475, 0.6525

    Trading Scenarios

    Sell ​​by market. Stop-Loss 0.6410. Take-Profit 0.6322, 0.6300, 0.6260, 0.6200, 0.6100
    Buy Stop 0.6410. Stop-Loss 0.6360. Take-Profit 0.6435, 0.6475, 0.6525


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    WTI Oil: upward correction is near completion
    11/08/2019
    Current Dynamics

    Despite a report by the US Department of Energy on Wednesday, which pointed to a significant increase in US oil reserves (+7.929 million barrels) last week, oil prices rose.
    The increase in prices was accompanied by an increase in the global and American stock markets.
    All three major US stock indexes hit record highs this week thanks to a robust US labor market, hopes for a US-China trade dispute resolving and a successful corporate reporting season.
    WTI oil prices rose this week to $ 57.80 per barrel (against $ 54.06 per barrel at the beginning of the month).
    Nevertheless, the optimism of investors is gradually dying away, and we again see a decline in oil prices.
    At the beginning of the European session, WTI crude oil is trading near 56.10.
    Despite verbal agreements that gave hope for a postponement of the introduction of new duties, and a statement by Chinese representatives about their readiness to remove all available duties, trade disagreements between the United States and China remain. The United States has not yet responded to a statement by the Chinese side about the readiness to remove all duties. The ongoing trade war between Beijing and Washington could again lead to lower oil demand.
    On Friday, oil market participants will pay attention to the publication (at 18:00 GMT) of the weekly report of the American oilfield services company Baker Hughes on the number of active drilling rigs in the United States. Previous reports showed a decrease in the number of active oil platforms in the United States to 691 units at the moment (from 800 units at the beginning of June and 742 units at the beginning of September). If the report again indicates a decrease in the number of such installations, then this may give a short-term positive impetus to prices.
    Nevertheless, talking about breaking the bearish trend of oil is still premature.
    The breakdown of the next important support level of 55.40 (EMA200 on the 4-hour chart, EMA50 on the daily chart, Fibonacci level 38.2% of the upward correction to the fall from the highs of the last few years near 76.80 to the support level near 42.15) will increase the pressure on the price towards its further reduction with a long-term goal at the support level of 42.15 (Fibonacci level of 0% and December 2018 lows).
    In the case of the resumption of positive dynamics in world stock indices and growth in the oil market, a breakdown of the local resistance level of 57.80 will strengthen the bullish momentum and direct the price to the resistance level of 60.90 (July highs) and further to the levels of 63.50, 64.40.
    In the meantime, a negative impulse prevails below the resistance level of 57.00; short positions are preferred.
    Support Levels: 55.40, 54.00, 53.00, 51.30, 50.30, 49.00, 42.15
    Resistance Levels: 57.00, 57.80, 59.50, 60.90, 63.50, 64.40, 66.50

    Trading Recommendations

    Sell ​​Stop 55.90. Stop-Loss 56.70. Take-Profit 55.40, 54.00, 53.00, 51.30, 50.30, 49.00, 42.15
    Buy Stop 56.70. Stop-Loss 55.90. Take-Profit 57.00, 57.80, 59.50, 60.90, 63.50, 64.40, 66.50
    081119-WTI-D.png

    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    DJIA: trade negotiations support buyers
    11/05/2019

    In the middle of last month, DJIA again approached the level of absolute and annual highs near the level of 27400.0. However, for the breakdown of this level of resistance, the positive impulse was not enough and the DJIA fell again.
    Market participants continue to follow any comments by the US and Chinese authorities regarding trade negotiations.
    The deterioration of prospects in this direction may again bring down stock indices. Conversely, a warming or easing in trade disputes between the US and China will support stock indices.
    So, a new portion of positive information about the course of trade negotiations, which arrived at the beginning of this week, gave new strength to the bulls in the US stock market.
    As Myron Brilliant, Executive Vice President of the US Chamber of Commerce, said last Monday, "the parties have really come close to an agreement". There is also information that representatives of the United States and China are actively considering the abolition of some duties. Moreover, it is expected that the US-China trade agreement of the "first phase" will be signed in November.
    The Fed’s propensity to maintain soft policy, as well as the revival of economic activity in the US, which is signaled by exceeding expectations GDP data for the 3rd quarter and the improvement of the US labor market in October, according to data presented last week, are also of positive importance for American stock indices.
    Last Monday, the DJIA price broke through the resistance level of 27400.0 and rushed up, maintaining a positive trend, which speaks in favor of DJIA purchases.
    In an alternative scenario, after the breakdown of the short-term support level of 27150.0 (ЕМА200 on the 1-hour chart) and in case of resumption of decline, the targets will be support levels 26460.0 (ЕМА144 on the daily chart), 26260.0 (ЕМА200 on the daily chart).
    Above these support levels, there is the long-term positive dynamics of US stock indices and the DJIA index, including.
    From the news for today it is worth paying attention to the publication (at 15:00 GMT) of the index of business activity (ISM) in the US services sector, which assesses the state of the services sector in the economy.
    The growth rate and the result above 50 are considered as a positive factor for US stock indices. At the same time, a relative decrease in the indicator or data worse than the forecast may have a short-term negative impact on the US indices. Forecast: 53.4 in October (against 52.6 in September).
    Support Levels: 27400.0, 27150.0, 26900.0, 26700.0, 26460.0, 26260.0, 25270.0, 24600.0
    Resistance Levels: 27600.0, 28000.0

    Trading Scenarios

    Buy Stop 27610.0. Stop-Loss 27350.0. Take-Profit 28000.0
    Sell ​​Stop 27350.0. Stop-Loss 27610.0. Take-Profit 27150.0, 26900.0, 26700.0, 26460.0, 26260.0


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

    Leave a comment:


  • TifiaFX
    replied
    XAU/USD: Trading Scenarios
    11/01/2019

    The dollar is falling again, and gold is rising in price after the Fed meeting this week. As you know, the Fed again lowered the rate, for the third time this year, to the level of 1.75%, although it did not give clear signals aimed at further easing monetary policy.
    Market participants were also encouraged by the expectations of an early conclusion of a trade agreement between the United States and China. At the same time, investors fear that it may take longer than expected to conclude a trade agreement between the two countries that have the largest economies in the world, and disappointing macro data continues to come from various parts of the world with the world's largest economies.
    Today, market participants will focus on publishing data from the US labor market at 12:30 (GMT). US jobs are expected to grow by 89,000 in October, after rising 136,000 in September and 130,000 in August. If the US Department of Labor reports a significant increase in the number of jobs in October, observer concern about the possible impact of a slowdown in global economy for the US could weaken. However, if the report on the labor market coincides with the forecast or is worse than it, then this will further strengthen investors' doubts about the stability of the American economy in the context of international trade conflicts.
    This will be another reason for avoiding risks and buying protective assets, including gold.
    At the beginning of the European session on Friday, XAU / USD is trading above the important short-term support level of 1498.00 (EMA200 on the 4-hour chart and on the 1-hour chart) and above the support level at 1485.00 (Fibonacci level 50% of the correction to the wave of decline from September 2011 and mark 1920.00).
    The XAU / USD maintains long-term positive dynamics, and the fundamental background creates the prerequisites for maintaining demand for gold and further growth of XAU / USD towards long-term and absolute highs near the level of 1920.00 dollars per ounce.
    In an alternative scenario, the signal for sales will be a breakdown of the support levels of 1498.00 (EMA200 on the 4-hour chart and on the 1-hour chart), 1485.00 (Fibonacci level of 50% of the correction to the decline wave from September 2011 and the mark of 1920.00).
    In this case, a decline of the XAU / USD to support levels of 1408.00 (EMA200 on the daily chart), 1380.00 (Fibonacci level of 38.2% and highs of 2016), 1368.00 (highs of 2018) is possible.
    Nevertheless, a positive impulse and a tendency to further growth of XAU / USD prevail so far. Above the support levels of 1498.00, 1485.00, long positions are preferred.
    It is also worth recalling again that today at 12:30 (GMT) a sharp increase in volatility is expected, especially if the data on the US labor market will significantly differ from the forecast values. Probably the most cautious investors will prefer to stay out of the market during this period of time.
    Support levels: 1498.00, 1485.00, 1474.00, 1452.00, 1440.00, 1408.00, 1380.00, 1368.00, 1310.00, 1253.00
    Resistance Levels: 1520.00, 1535.00, 1555.00, 1585.00

    Trading Recommendations

    Sell ​​Stop 1473.00. Stop-Loss 1522.00. Take-Profit 1452.00, 1440.00, 1408.00, 1380.00, 1368.00, 1310.00, 1253.00
    Buy Stop 1522.00. Stop-Loss 1473.00. Take-Profit 1535.00, 1555.00, 1585.00, 1600.00


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    USD/CAD: Fed and Bank of Canada rate decisions
    10/30/2019

    Futures on the DXY dollar index is trading at the beginning of today's European session near 97.42, 18 pips below the opening price of the current trading week and 188 pips below 99.30, near which it was trading earlier this month, when the DXY reached its highest level since March 2017 year.
    And yet, despite the decline, the long-term positive dynamics of the US dollar remains. The US economy growth rates, despite signs of a slowdown, is still higher than in other developed countries. The US continues to outperform other developed economies in terms of GDP growth, which creates the preconditions for maintaining demand for US assets and the dollar.
    Today (at 12:30 GMT) will be published annual data on US GDP. According to the forecast, GDP in the 3rd quarter grew by 1.7% after rising by 2.0% in the previous 2nd quarter.
    And at 18:00 (GMT), the Fed will publish its decision on interest rates. It is widely expected that the Fed will lower its base rate by 0.25% to 1.75%. However, market participants do not have full clarity regarding further plans of the Fed.
    Therefore, the attention of financial market participants will be focused on the Fed press conference, which will begin at 18:30 (GMT). If Fed leaders signal that they are likely to take a break in a further rate cut in order to evaluate the results of the ongoing mitigation cycle, this could trigger a fix for short positions and a dollar growth.
    If the rhetoric of the accompanying statement by the Fed is soft, then the growth of stock indices and the decline in the dollar may continue.
    At 14:00, the Bank of Canada will publish its decision on the rate. Bank of Canada officials said last month that the economy and labor market are in good shape despite escalating trade conflicts. This creates the prerequisites for the Bank of Canada to be able to leave its key rate unchanged at the current meeting, at the same level of 1.75%.
    Despite the decline, the long-term positive dynamics of the USD / CAD pair remains. The pair is trading above the key and long-term support level of 1.2900 (EMA200 on the weekly chart).
    A break into the zone above the resistance level 1.3230 (ЕМА144, ЕМА200 on the daily chart) will resume the bullish trend of USD / CAD and direct the pair towards recent local maxima near the resistance level 1.3345.
    The first signal to resume purchases will be the breakdown of resistance levels 1.3100 (ЕМА200 on the 1-hour chart), 1.3138 (September lows).
    Support Levels: 1.3050, 1.3015, 1.2900
    Resistance Levels: 1.3100, 1.3138, 1.3185, 1.3230, 1.3300, 1.3345, 1.3380

    Trading Scenarios

    Sell ​​Stop 1.3040. Stop-Loss 1.3110. Take-Profit 1.3015, 1.2900
    Buy Stop 1.3110. Stop-Loss 1.3040. Take-Profit 1.3138, 1.3185, 1.3230, 1.3300, 1.3345, 1.3380, 1.3435, 1.3452, 1.3465, 1.3520



    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    S&P500: bullish trend remains valid
    10/28/2019

    After it became known about the progress in US-Chinese trade negotiations, growth in the US stock market accelerated.
    The Dow Jones Industrial Average up 0.6% on Friday to 26968.00 points.
    The S&P 500 on Friday increased by 0.4% to 3021.00 points, and by the end of the week gained 1.2%.
    According to the Ministry of Commerce of China, the trade representatives of the two countries "agreed to properly resolve key problems and confirmed that the technical consultations on some parts of the text of the agreement have basically been completed".
    The positive news that the parties are completing preparations for the first stage of the trade transaction also provoked an increase in the yield of US treasury bonds.
    US stock indexes remain positive ahead of the Fed meeting this week. The Fed is expected to cut rate by 0.25% to 1.75%.
    Nevertheless, if Fed leaders signal that they will take a break to evaluate the results of the mitigation cycle, this can cause a sharp increase in volatility in the financial markets and lead to profit taking in long positions in the US stock market.
    The market dynamics this week may also be affected by the meetings of the Bank of Japan and Bank of Canada, data from the US labor market and new corporate financial reports.
    On Monday (at 12:30 GMT) data on wholesale stocks in the US for September will be released. Economists expect stocks up 0.3% from the previous month after rising 0.2% in August. The increase in stocks in warehouses reflects a slowdown in the economy and negatively affects the US dollar and the dynamics of US stock indexes.
    If the data turn out to be better than the forecast, or lower than the previous value, this will provide additional support to the stock market and indices.
    The S & P500 index maintains long-term positive dynamics, trading above the key support level of 2895.0 (ЕМА200 on the daily chart). Long positions are preferred so far.
    In an alternative scenario and after the breakdown of support levels of 2997.0 (ЕМА200 on the 1-hour chart), 2972.0 (ЕМА200 on the 4-hour chart), S & P500 will go to support levels 2895.0, 2865.0 (Fibonacci level 23.6% of the correction to the growth from December 2018 and marks 2335.0).
    Further decline is unlikely. The long-term bullish trend of the US stock market remains.
    Support Levels: 2997.0, 2972.0, 2920.0, 2895.0, 2865.0
    Resistance Levels: 3029.0

    Trading Recommendations

    Sell ​​Stop 2970.0. Stop-Loss 3030.0. Goals 2920.0, 2895.0, 2865.0
    Buy Stop 3030.0. Stop-Loss 2970.0. Goals 3100.0, 3200.0


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    EUR/USD: Current Dynamics
    10/23/2019

    Amid the weakening US dollar, EUR / USD was able to grow significantly this month, reaching on Monday a new 10-week high near 1.1180. However, below the key resistance levels of 1.1150 (ЕМА144 on the daily chart), 1.1200 (ЕМА200 on the daily chart), a long-term bearish trend remains.
    The small steps taken earlier this month towards a ceasefire in a trade war between China and the US are not enough to ease the uncertainties that are holding back the global economy, and uncertainty has reappeared on the Brexit issue.
    In this regard, the role of the dollar as a protective asset is once again becoming relevant.
    In September, the ECB lowered its key interest rate, which was already in negative territory, and resumed its bond purchase program. The ECB leaders promised to keep these measures in force, "until we see that the inflation prospects are stably in line" with reaching the target level.
    Market participants are preparing for tomorrow's ECB meeting, which will be the last under the leadership of Mario Draghi. From November 1, this post will take Christine Lagarde.
    The ECB's decision on rates will be published on Thursday at 11:45 (GMT), and a press conference following the ECB meeting will begin at 12:30.
    As previously published data showed, the annual inflation rate in the Eurozone in September slowed to 0.9%, a minimum of almost three years. The growth of the Eurozone economy has been weakening since the beginning of 2018, which forces the ECB to actively support the European economy, lowering the interest rate and expanding quantitative easing.
    Slowing European economies and soft ECB policies further weaken the euro.
    In general, the long-term negative dynamics of EUR / USD remains, which speaks in favor of sales of this currency pair.
    The breakdown of the short-term support level of 1.1094 will be a signal for building up short positions.
    Support Levels: 1.1094, 1.1047, 1.1015, 1.1000, 1.0970, 1.0900, 1.0850
    Resistance Levels: 1.1150, 1.1200

    Trading Recommendations

    Sell ​​by market. Sell ​​Limit 1.1150. Sell ​​Stop 1.1090. Stop-Loss 1.1220. Take-Profit 1.1047, 1.1015, 1.1000, 1.0970, 1.0900, 1.0850
    Buy Stop 1.1220. Stop-Loss 1.1090. Take-Profit 1.1285, 1.1400


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    GBP/USD: the pound does not want to decline
    10/21/2019

    The pound and GBP / USD have been rising since the beginning of this month and for the 4th week in a row, receiving support from the reduced risks of the “hard” Brexit. Despite the fact that Boris Johnson on Saturday failed to secure the support of the British Parliament regarding his Brexit deal, the pound did not lose a positive impulse. The members of parliament decided that a decisive vote can only be held after a thorough examination of all related legislation, which can take a considerable amount of time.
    Johnson obeyed the decision of the Parliament, but in a separate letter addressed to the President of the European Council, Donald Tusk, asked the EU leaders to reject his own motion.
    Despite the pound falling during the Asian session, at the beginning of the European session on Monday, the GBP / USD pair is growing again, rising to the level of 1.3011.
    This week Johnson will again try to enlist the support of a sufficient number of legislators to approve the agreement. However, the likelihood of a hard Brexit is significantly reduced.
    Earlier in October, GBP / USD broke through an important resistance level of 1.2625 (EMA200 on the daily chart) and today reached a new 5-month high near 1.3011,
    through which the upper boundary of the descending channel passes on the weekly chart.
    A breakthrough of this resistance level will open the way for the growth of GBP / USD to the zone of resistance levels of 1.3100 (EMA144 on the weekly chart), 1.3210 (Fibonacci level 23.6% of the correction to the reduce the GBP / USD pair in a wave that began in July 2014 near the level of 1.7200) , 1.3370 (EMA200 on the weekly chart).
    In an alternative scenario, a return to the zone below 1.2625 will indicate the resumption of the bearish trend of GBP / USD. The current goal of the decline is the support level of 1.2000 (2017 lows and the Fibonacci level of 0%).
    So far, a positive impetus prevails, however, short positions below the support level of 1.2625 will again be preferred.
    Support Levels: 1.2800, 1.2700, 1.2625, 1.2550, 1.2470, 1.2400, 1.2200, 1.2100, 1.2000
    Resistance Levels: 1.3000, 1.3100, 1.3210, 1.3370

    Trading Scenarios

    Sell ​​Stop 1.2870. Stop-Loss 1.3020. Take-Profit 1.2800, 1.2700, 1.2625, 1.2550, 1.2470, 1.2400, 1.2200, 1.2100, 1.2000
    Buy Stop 1.3020. Stop-Loss 1.2870. Take-Profit 1.3100, 1.3210, 1.3370


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    WTI: negative dynamics prevail despite corrective growth
    10/18/2019

    In the middle of last month, the price of WTI crude oil rose sharply, approaching a strong resistance level of 63.50 (Fibonacci level 61.8% of the upward correction to the fall from the highs of the last few years near 76.80 to the support level near 42.15, as well as the upper border of the downward channel on the daily chart). The sharp rise in oil prices was facilitated by terrorist attacks on oil refineries in Saudi Arabia.
    However, the price failed to break through this resistance level and subsequently fell, returning to the zone below the key level of 57.00 (ЕМА144, ЕМА200 on the daily and weekly charts).
    At the beginning of the European session, WTI crude oil is trading near 54.20, below the resistance level of 54.80 (EMA200 on the 4-hour chart).
    The breakdown of the short-term support level of 53.50 (ЕМА200 on the 1-hour chart) will resume the bearish trend.
    In an alternative scenario, the signal to resume purchases will be a breakdown of the resistance level of 55.40 (EMA50 on the daily chart and the Fibonacci level of 38.2%).
    Further growth and the breakdown of the resistance level of 57.00 will strengthen the bullish momentum and direct the price to the resistance level of 60.90 (July highs) and to the 63.50, 64.40 marks.
    So far, a negative impulse prevails. Below the resistance level of 54.80, only short positions should be considered.
    Now, oil market participants will follow the publication on Friday (at 17:00 GMT) of the weekly report of the American oilfield services company Baker Hughes on the number of active drilling rigs in the United States. Previous reports indicated a decrease in the number of active oil platforms in the United States, to 712 units at the moment. If the report again indicates a decrease in the number of such installations, then this may give a short-term positive impetus to prices.
    However, so far, a negative impulse prevails, contributing to a further decline in oil prices.
    The situation in the global stock and commodity markets may deteriorate again if on Saturday the British Parliament does not approve the Brexit.
    In this case, world stock indices may fall again, pulling down oil quotes.
    Support Levels: 53.50, 52.00, 51.30, 50.30, 49.00, 42.15
    Resistance Levels: 54.80, 55.40, 57.00, 59.50, 60.90, 63.50, 64.40, 66.50

    Trading recommendations

    Sell ​​Stop 53.40. Stop-Loss 55.50. Take-Profit 53.00, 52.00, 51.30, 50.30, 49.00, 42.15
    Buy Stop 55.50. Stop-Loss 53.40. Take-Profit 57.00, 59.50, 60.90


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • hemoleko
    replied
    Rugby World Cup 2019 will air on September 2019. You All Blacks vs Springboks Watch Free have not enough time to get ready. Your favorite All Blacks vs Springboks match also here under this RWC 2019. As a die-hard fan of rugby, you need to know some essential element about this game. Because you are willing to enjoy the match. You should know about this match. Since the official site consistently gives the news which is identified with the occasion. What’s more, this data is extremely basic for all.

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  • TifiaFX
    replied
    S&P500: stock indices remain positive
    10/14/2019
    Current situation

    The weakening trade tensions between the US and China caused a rise in positive market sentiment. Last week, Washington decided to postpone the introduction of higher duties on Chinese goods in the amount of $ 250 billion in response to guarantees that the Chinese side would buy US agricultural products in the amount of $ 40-50 billion.
    However, many economists remain cautious about the consequences of a partial transaction and the outcome of future negotiations.
    Despite some concessions made by the parties last week, the main trade contradictions between the US and China have not been resolved, which continues to overshadow the prospects for the global economy.
    In the middle of last month, the S&P500 again approached the level of absolute and annual maximums near 3028.0. However, for the breakdown of this level of resistance, the positive impulse was not enough and the S&P500 fell again.
    Market participants continue to follow any comments by the US and Chinese authorities regarding trade negotiations.
    In the first half of the European session on Monday, futures on the S&P500 traded in the range between the local resistance level of 2990.0 (last week's maximum) and the short-term support level of 2950.0 (EMA200 on the 1-hour chart).
    Breakdown in one direction or another will determine the direction of further index movement.
    Despite the current decline, the long-term positive dynamics of US stock indices and the S&P500, including.
    A return to the zone above the resistance level of 2990.0 will indicate a restoration of the bull trend and speak in favor of the resumption of purchases.
    The S&P500 index maintains long-term positive dynamics, trading above the key support level of 2880.0 (ЕМА200 on the daily chart), as well as the level of 2865.0 (Fibonacci level 23.6% of the correction to the growth since December 2018 and mark 2335.0). A little lower is the lower boundary of the rising channel on the daily chart.
    Nevertheless, the OsMA and Stochastic indicators on the 1-hour, 4-hour charts are on the side of the sellers, signaling a downward correction. So, purchases are premature so far.
    Today is a day off in the USA (Columbus Day). Banks and exchanges will be closed. Trading volumes during the US session will be low. However, this does not exclude the possibility of a sharp increase in volatility in the thin market, especially due to unexpected news or media reports.
    Support Levels: 2950.0, 2942.0, 2905.0, 2880.0, 2865.0, 2765.0, 2730.0
    Resistance Levels: 2990.0, 3028.0

    Trading Recommendations

    Sell ​​Stop 2940.0. Stop-Loss 2995.0. Objectives 2905.0, 2880.0, 2865.0, 2765.0, 2730.0
    Buy Stop 2995.0. Stop-Loss 2940.0. Goals 3028.0, 3100.0, 3200.0


    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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  • TifiaFX
    replied
    S&P500: long-term positive dynamics
    07/10/2019

    Investors, in general, reacted positively to the publication of a report from the US labor market last Friday. US stock indexes rose.
    A lower-than-expected rate of job growth has strengthened expectations of further cuts in Fed interest rates.
    The soft policies of the central bank usually support the stock market, increasing the propensity of investors to buy risky assets.
    At the same time, the employment report helped alleviate concerns about a slowdown in economic growth. Despite declining activity in the manufacturing and services sectors, US employment growth rates remain high.
    The US Department of Labor said last Friday that the number of jobs outside the US agriculture in September rose 136,000 (the forecast was +145,000), while unemployment fell to 3.5%, a 50-year low.
    The dollar is also rising on Monday. Futures on the DXY dollar index, is trading at the beginning of the European session on Monday near 98.61, 15 points above the opening price of today's trading day.
    US stock indexes also, despite a strong correction last week, maintain long-term positive dynamics.
    Last week, Fed vice chairman Richard Clarida said the Central Bank will do everything necessary to ensure that the longest period of US economic growth does not stop. This week, several Fed representatives are also expected to speak. In particular, on Monday at 17:00 (GMT) Fed Chairman Jerome Powell will speak.
    On Friday, he said that “the US economy is in good shape despite the risks”, and the Fed’s mission “is to keep this state of affairs as long as possible”.
    If he again expresses a tendency to further soften the Fed's monetary policy, then US stock indexes are likely to continue to grow.

    The S&P500 index maintains long-term positive dynamics, trading above the key support level 2875.0 (ЕМА200 on the daily chart), as well as the level 2865.0 (Fibonacci level 23.6% of the correction to the growth since December 2018 and mark 2335.0).
    It is likely that after the breakdown of the resistance level 2954.0 (ЕМА200 on the 4-hour chart), the S&P500 will continue to grow towards the level of 3028.0 (absolute maximums) and further.
    Nevertheless, below the resistance level of 2954.0 from S&P500 purchases for the time being should refrain.
    Support Levels: 2902.0, 2875.0, 2865.0, 2765.0, 2730.0
    Resistance Levels: 2943.0, 2954.0, 2990.0, 3028.0

    Trading Recommendations

    Sell ​​Stop 2922.0. Stop-Loss 2955.0. Objectives 2902.0, 2875.0, 2865.0, 2765.0, 2730.0
    Buy Stop 2955.0. Stop-Loss 2922.0. Objectives 2990.0, 3028.0, 3100.0, 3200.0



    *) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com

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