Forex market reviews

Market sessions

14:09 (GMT+3)

Data cannot be shown.

DAX bounced from the major long-term resistance, gold is still locked between the 23.6% and 38.2% Fibonacci levels, and EURCHF broke the lower line of the pennant and is very close to breaking the lower line of the flag.

Market sessions

Matthew Anthony

10:49 (GMT+3)

EURUSD: external forces putting pressure on the euro

Italian budget woes, US and Italian government bond yields, Brexit, and expectations of further Fed rate hikes have the Forex market on edge.

Media reviews

Tina Pham

18:38 (GMT+3)

Fed's monetary policy 'about right,' no more hikes needed: Bullard (news: 18/10/18)

MEMPHIS, Tenn. (Reuters) - The Federal Reserve’s most recent interest rate increase put monetary policy about where it should be, with no further hikes required in an economy where inflation remains weak, St. Louis Fed President James Bullard said on Thursday, pressing an argument he has made over the past two years.

Market sessions

Tomasz Wisniewski

16:08 (GMT+3)

Daily analytical report (18/10/18)

Data cannot be shown.

Yesterday USDJPY managed to break the 50% Fibo, thus giving us a buy signal, on DAX the neckline was reached and the first contact resulted in a bounce, confirming the negative sentiment, and WTI oil broke the lower line of the pennant, the horizontal support, and the mid-term upwards trend line.

Market sessions

Matthew Anthony

09:47 (GMT+3)

EURUSD: approaching the reversal zone

On Wednesday, the 17th of October trading on the euro closed down. The euro sank to 1.1496 amid a general strengthening of the dollar and uncertainty surrounding Brexit negotiations and the Italian budget.