British data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer. It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower. The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
Traders have mostly discounted the latest single cut by the European Central Bank (‘the ECB’) since that was widely expected and the comments in the subsequent press conference didn’t give any significant new information. Inflation has also risen in the eurozone in the last two months but hasn’t reached as high as in the USA. The difference in rates between the ECB and the Fed is likely to remain at least 1% for the foreseeable future. After a bounce at the end of November following the failed test of $1.04, euro-dollar hasn’t shown ongoing momentum upward. It might now fall into a sideways trend with a range between around $1.04 and $1.06. Most indicators are close to neutral in the shorter term but the main downtrend active in October and November could reassert itself depending on the reaction to the Fed’s meeting and, to a lesser extent, PCE and GDP. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
The inclusion of Gazprombank in the sanctions list has introduced significant challenges to payment transactions, particularly those involving the Russian ruble. Due to the necessity of involving Russian correspondent banks, ruble settlements now carry considerable risks. Most Russian banks being under sanctions exacerbates these complications, rendering ruble transactions a sensitive and largely opaque area. Here are 4 key observations: 1. Ruble Settlements and Sanctions Risk: Any acknowledgment of ruble transactions could be interpreted as a sanctions violation. As a result, the focus has shifted toward preserving settlements in Western currencies or those of "friendly" countries. These funds eventually enter Russia through intricate and less transparent financial circuits. 2. Offshore Ruble Market Feasibility: The creation of an offshore ruble market appears unlikely at this stage. Companies operating internationally often receive payments in dollars or euros but face challenges converting these into rubles for domestic operations. This reliance underscores the fragility of the existing external financial circuit. 3. Corporate Adaptation Examples: Lukoil: This energy giant uses accounts in Middle Eastern banks to receive foreign currencies . While these transactions provide temporary access to rubles, they remain exceptional rather than standard practice. Rosneft: The company has restructured its oil sales strategy. By using subsidiaries in India to refine crude and sell petroleum products, Rosneft creates a less transparent financial flow. Although high oil prices currently mitigate risks, a potential decline in prices could expose vulnerabilities in this approach. 4. Fragmentation of Settlement Schemes: As old financial pathways are dismantled, companies are left to develop individualized settlement and supply chain models. This fragmented landscape reflects the absence of a unified solution, with each entity navigating unique challenges. Outlook: The ongoing evolution of financial and supply chain structures will require adaptability from both companies and financial institutions. High energy prices provide temporary relief, but sustained stability will depend on the development of resilient, transparent systems that can withstand potential downturns. While a unified framework seems improbable in the near term, understanding and anticipating these shifts will be critical for stakeholders operating within and outside Russia. RUS:LKOH RUS:ROSN
We have these indicators for BUY opportunity: - Support from a Year low level - Low volume to continue the current direction - Reflection from the bottom of the parallel channel - retest 6 Month low and 3 Month low We define 3 goals: TP 1 = 40 pips TP 2 = 100 pips TP 3 = 200 pips SL = -200 pips Note: As we can see, this is the first opportunity as a reflection from the parallel channel. Due to fundamental news, there may be one more opportunity in another parallel channel. Please consider this in your trades.
https://www.tradingview.com/x/LnXx4IRW/ My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 161.26 Bias - Bearish Safe Stop Loss - 162.54 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 159.06 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Bitcoin is currently consolidating in an ascending parallel channel after a very sharp rally. The most predictable thing is that it will remain in this channel for a while longer, until it ends up breaking up with the approach of Trump's presidency. If it breaks the channel downwards, there are chances of a slightly deeper correction, and we could visit US$90K.
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 152.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 152.500 support and resistance area. Trade safe, Joe.
hi traders Some days ago, we published the idea where we predicted ALGO to correct before continuing an uptrend: https://www.tradingview.com/chart/ALGOUSDT/cgBP4LQU-ALGOUSDT-bears-may-attack-soon/ We believe that after that correction, ALGO is ready to continue the uptrend and now it's just consolidating and preparing itself for a big breakout. If you're in a position, don't get shaken out as the breakout may occur in the next few days. The technical target is around 0,75$ and at this level we can expect some sort of pull-back due of profit-taking. Good luck
See the power of Maths, statistics.. im using stats, RSI and std deviation to detect trend and bollinger band like levels to detect market mood.. lower the upper and lower band, shows sideways market and when trending, its clearly visible.. https://www.tradingview.com/script/j5O9B5MF-Market-Anomaly-Detector-MAD/
NZDCAD is Seems Bullish Direction. The price is expected to strong support zone due to low market Volume now we see price will Bullish to High and move to our Target. NZDCAD as Some Points to Bullish Moment Resistance Zone 0.83000 Rate Share your Idea What's Going On Thanks