Technical analysis of USD/CHF for July 06, 2018

The price is still trading above the pivot point is seen at the price of 0.9857 (around the 0.9943 level right now). The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in […]

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Overview of EUR / JPY for the week of July 4 by simplified wave analysis

Wave picture of the chart H4: The descending wave of February 2 on a larger scale cross-chart takes the place of correction. By the totality of its characteristics, it can be considered complete. The wave pattern of the graph H1: The bullish wave of May 29 has a large wave level. There is a high […]

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Smoke without fire: The euro grows on

The continued growth of European inflation did not go unnoticed by ECB members. Among the traders, there were rumors that the interest rate could be raised earlier than the market expects. This optimistic message provided support to the euro, and paired with the dollar, the common currency shows character, demonstrating the northern impulse. It is […]

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GBP / USD. 5’th of July. The pound is growing, but it is unlikely to last for long

4-часовой таймфрейм Amplitude of the last 5 days (high-low): 73p – 145p – 114p – 92p – 79p. The average amplitude for the last 5 days: 100p (110p). The pound sterling continued to move upward on July 4 by inertia. The index of business activity in the services Markit showed an improvement in the situation, […]

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Euro and pound are counting on corrective growth

Eurozone The euro has received several positive signals, which allow us to count on the corrective growth of EUR / USD in the next 24 hours. Business activity in the euro area is growing faster than forecasts, Markit informs that in June Germany’s PMI in the manufacturing sector grew to 54.8p compared to 54.2p in […]

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EUR / USD. 5’th of July. The trading system “Regression channels”. The Euro currency continues to recover against the dollar

4-hour timeframe Technical data: The senior channel of linear regression: direction – down. The younger channel of linear regression: direction – down. The moving average (20; flattened) is up. СCI: 126.1922 Currency pair EUR / USD on July 4 most of the day stood in one place, as yesterday in America was Independence Day and […]

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Cadence Minerals says some are too negative on lithium

Lithium investment company, Cadence Minerals, says recent reports from Morgan Stanley paint a far too negative picture of the battery metal. Cadence CEO, Kiran Morzaria, explains why the outlook is far more buoyant and where the investment returns are to be made. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom […]

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BITCOIN Analysis for July 5, 2018

Bitcoin has been quite indecisive and volatile today, residing above $6,500 area with a daily close. Though the price is holding above the dynamic level of 20 EMA, Tenkan Sen is also acting as support to push the price higher. Nevertheless, the bearish bias still seems to dominate the market momentum nowadays. After the recent […]

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Special Report – How have major currencies fared so far in 2018, and what lies ahead?

Following the completion of the second quarter of the year, the dollar is standing higher against most of its major peers, drawing support from a more hawkish Fed and a US economy firing on all cylinders. Below, we outline how some of the most widely-traded currency pairs have performed thus far in 2018, and what […]

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Intraday technical levels and trading recommendations for EUR/USD for July 5, 2018

Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained trading below the broken uptrend as well as the lower limit of the depicted consolidation range. The price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990 where a descending high was established. However, the EUR/USD bulls failed to […]

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NZD/USD Intraday technical levels and trading recommendations for July 5, 2018

The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until the bearish breakdown of 0.7200 occurred on April 23. Breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already. The price level of 0.7050 was considered […]

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Gold Prices Recover Week’s Drop as UK Turns on ‘Disruptive’ Trump

GOLD PRICES dipped and rallied again back near last week’s closing level on Thursday in London, trading above $1256 per ounce as Asian stock markets closed lower but European equities rose for the 3rd session running.   Silver meantime recovered the $16 mark and platinum also pushed higher, reaching $848 after sinking Tuesday to a […]

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Technical Analysis – EURGBP fails to exit downward sloping channel; stands near 200-SMA

EURGBP came under strong selling pressure in the prior couple of days, following the pullback on the three-month high of 0.8890 and the descending trend line. Currently, the pair is trading above the short-term moving averages and is trying to have a closing day above the 200-SMA. From the technical point of view, in the […]

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Euro Jumps After Germany Factory Orders Surge

Germany is the largest economy in the European Union with a GDP of $3.45 trillion dollars. This makes it the fourth largest economy in the world after the United States, China, and Japan. Germany is known for its industrial production. It is the home to some of the largest engineering firms in the world. Most […]

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05.07.2018 – Midday Snapshot by Dukascopy

It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar rose above the 1 17 level as it gained a total of 61 pips. Turnover is average and sentiment of the traders is neutral, long positions are up by just 1%. Rise has provided solid profit opportunities […]

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06.07.2018 – Economic Calendar by Dukascopy

It’s the North American employment report Friday, so let’s take a closer look with the Dukascopy Economic Calendar. German Industrial Production stats for May open this agenda at 6 o’clock in the morning. Production slowed down again in April after jumping by 1.7% in March. UK Halifax House Price Index for June is up next […]

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US Open Preview – German data and trade hopes send euro to 1-week highs; FOMC meeting minutes in focus

Here are the latest developments in global markets: FOREX: The dollar was erasing yesterday’s losses made against the Japanese yen, last seen at 110.62 (+0.16%) as investors were optimistic that the FOMC meeting minutes due later today would deliver an overall hawkish message after June’s gathering signaled four rate hikes in total this year instead of three previously. […]

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GBPCHF Wave Analysis – 5 July , 2018

• GBPCHF reversed from support area • Likely to rise further GBPCHF recently reversed up from the support area lying between the key support level 1.3060 (which has been reversing the price from end of May), lower daily Bollinger Band, support trendline from October and the 59% Fibonacci correction of the upward impulse from 2017. […]

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Silver Wave Analysis – 5 July , 2018

• Silver reversed from pivotal resistance level 16.10 • Likely to fall further Silver recently reversed down from the pivotal resistance level 16.10 (former powerful support level, which has been steadily reversing the price from the start of February, as can be seen from the daily Silver chart below). The downward reversal from this resistance […]

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GBPUSD and GBPJPY Analysis – July 5, 2018

The British Pound is in focus this morning after The Bank of England (BOE) Governor Mark Carney gave a speech where he suggested that the soft patch in the first quarter was due to the weather and not the economic climate. He also added that inflationary pressures are gradually building, domestic cost growth has continued […]

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What Gold and Platinum Correlations Tells Us About the Market

The automobile industry is one of the largest in Europe and North America. In Germany, auto exports have become so important that they count for more than 20% of the total GDP. The country is known for the quality of the vehicles they manufacture, which include cars like Mercedes, Porsche, and Rolls-Royce. In the United […]

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USD/JPY Forecast: The Key Points to Look At Ahead of the Jobs Numbers

The USD/JPY pair started an upward rally on Tuesday last week when the pair found support at the 109.3 level. The recent rally saw the pair reach the weekly high of 111.13 on Tuesday before it started losing some of the gains. Today, as more American traders come to the market after yesterday’s holiday, and […]

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Global macro overview for 05/07/2018

Wednesday was treated as a mini weekend with an increased risk of extraordinary events, as a result of which on Tuesday investors focused on closing profitable positions while they still had a chance. As yesterday passed without surprises, today we return to the leitmotif of the last days, what are the trade wars and their […]

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Global macro overview for 05/07/2018

The beginning of the European session brings an appreciation of the euro, which is related to the increase in orders in German industry in May. Industrial orders increased by 2.6% on monthly basis against the expected increase by 0.1%. On an annual basis, the increase in orders amounted to 4.4% against the market consensus of […]

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Banking Areas of AUD / USD pair

Yesterday, the next zone of bank compilation was formed. It coincided with the zone in the previous week, which speaks of the flat nature of the medium-term movement. Closure of yesterday’s trading occurred within the zone. Thus, the priority is not yet known. For the third week in a row, the banking compilation zones are […]

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Fed protocols can affect the market

During the Asian session today, the USD/JPY pair reacted with a rather strong burst of volatility on the comments of a board member of the Bank of Japan. However, there were no serious technical changes in the alignment of forces. BOJ board member, Takako Masai, said that prices in Japan are not high enough, despite […]

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05.07.2018 – Spike Controller by Dukascopy

This is the Dukascopy Spike Controller, where we help you get the best deals from your broker. First up is the Euro/Dollar, which has long term average and maximum spreads of point 42 and 2.6 pips respectively. The pair has been on a rise, moving above the 1 17 level as it gained point 69% […]

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USDCAD Analysis – July 5, 2018

USDCAD is consolidating and building energy as liquidity conditions were tight this week with the Canada day holiday on Monday and US Independence day yesterday. The price is confined to a tight range around 1.31450 with resistance at 1.31755 and the 100 period MA followed by 50 MA at 1.31967 and the 1.32000 level. A […]

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