DDMARKETS

DDMARKETS

The strong gains that took place in GBP were triggered by remarks from EU Barnier. Barnier stated that the EU is willing to offer the UK a trade deal that has not been offered to any country yet. These comments neutralized Theresa May's comments when asked about brexit, saying that 'it will no be the end of the world' which weakened GBP earlier. In GBPCHF 30min...

DDMARKETS Updated 

Jens Wieldman (President of the German Federal Bank) stated earlier today that the European Central Bank (ECB) is on course for tighter monetary policy, which triggered the recent gains in Euro Dollar (EURUSD) and other EUR currency pairs and crosses. As the United States and China are due to begin negotiating tomorrow over the current trade dispute USD weakened...

DDMARKETS

GBPCAD reached a 30min resistance level. A 30min close below the resistance may trigger corrective weakness as highlighted on the chart. It is important to note that the brexit negotiations are ongoing to avoid Britain exiting the EU without a deal. The USD tremors in the market were triggered by President Trump's remarks on the Fed and his interest in a weak USD...

DDMARKETS

EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue). Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).

DDMARKETS Updated 

President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies. USDJPY reached its 4hr resistance, which was tested...

DDMARKETS

Bitcoin (BTC/USD) is painting a bullish flag on the hourly chart at the time of this writing following the spike that took place on 27 July, 2018. Am hourly break above $8,300 may pave the way for stronger gains towards $8,400. While it may be tempting to long BTCUSD at current levels while layering the stop beneath support of the potential flag it is entangled...

DDMARKETS Updated 

EURUSD rose as the US GDP came in below expectations. There were speculations on Thursday the US GDP may come in around 5.0%. The recent gains in EURUSD appear to be merely corrective as the price nears its current resistance. Failure to post an hourly close above the resistance may lead to corrective weakness in the pair. Likewise, should the price break above...