Good morning, traders, you’re watching the Dukascopy Daily Trading Signals for Wednesday. Euro/Dollar’s hourly models show mixed results. There are 4 neutral signals in the 4-hour chart and 4 green prompts in the long term. Interbank sentiment is bearish at close to 27% short. Most of the indicators are neutral for the Cable in the […]
The weakening of the dollar, caused by Trump’s comments, continues. The dollar index sank by 0.3% for the past 24 hours to 95.1, having played down the growth of the beginning of August and returned to the upper border of the trading range of the previous three months. The EURUSD pair has increased to 1.1570 […]
Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Wednesday, consolidating the considerable losses from previous days and especially after President Trump’s comments on Monday; he criticized rate normalization efforts by the Fed. Updates on the US-China trade relationship and Fed minutes from the […]
EUR/USD has bounced back above the previous support current resistance area at 1.15. Price has reached the long-term downward sloping trend line resistance at 1.16 and the 61.8% Fibonacci retracement of the last leg down. Red line – support Blue line – long-term trend line resistance EUR/USD has reached a critical inflection point. The price […]
Gold price has made a marginal new high during the US session and is now pulling back down. Price could not push above $1,200. Gold price has stopped its rise at a major resistance area. A pullback towards $1,180 is justified. Green lines – bullish channel Red line – bearish divergence Gold price is trading […]
NZD/USD has been quite bullish recently which led the price to reside at the edge of 0.6720 resistance area with certain indecision currently. Ahead of the high impact US economic reports and events, the pair is going to trade with higher volatility. Clear momentum will be determined by the end of this week. NZD has […]
USD/CAD is currently quite indecisive after having an impulsive bearish momentum leading the price towards the support area of 1.2950-1.3050. This week the pair is expected to be quite volatile as of upcoming high impact USD and CAD economic reports and events to be held. CAD has been quite positive with the recent economic reports […]
AUDUSD turned positive after its downfall to the new 19-month low of 0.7200 in the previous week. The pair posted four straight bullish days and trades within the 40-day simple moving average (SMA) and the mid-level of the Bollinger Band (20-day SMA). In the short-term, the upward rally is likely to be continued as the […]
On Wednesday, the 22nd of August, the event calendar is light in important data releases. It will be another day without significant macroeconomic publications during the European session. In the afternoon we will get information on the US real estate market, and in the evening, there will be the publication of minutes from the last […]
EUR/JPY has been quite impulsive with the recent bullish momentum since the bounce off the 124.50-125.50 support area with a daily close. Despite the recent Trade War tension, EURO has gained good momentum over JPY recently which is expected to fade away at the current market situation as series of optimistic JPY report is going […]
Zheshang Bank, one of the largest private commercial banks in China, using the Blockchain proprietary platform, completed the issue of securities worth 66 million. dollars. Based on public documents, the bank filed a prospectus at the Shanghai Clearing House on August 13, claiming that it would support securities with a portfolio of receivables from various […]
GBP/USD has been quite impulsive with the bullish gains recently which lead the price above 1.2850 with a daily close. GBP having positive economic reports recently despite the rising tensions, the currency pushed higher against USD which is indeed quite remarkable. GBP having pressures of Trade War and BREXIT, the currency was dominated consistently for […]
https://pepperstone.com/en/forex-news/market-review -A mixed bag for the dollar overnight. -The Mexican peso gains by 0.58% -The US 500 index makes a new intraday high. – Australian construction grows once more. -Thailand swings to a trade deficit. -Who owns the US national debt? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]
Morning Report: 07.00 London The dollar index is slightly firmer again this morning, but the trend remains against the safe haven assets of the dollar and yen. Markets are recovering some confidence that there won’t be an all out trade war that destroys global trade. The EUR/USD is unchanged after solid gains yesterday, recovering the […]
EUR/NZD once again failed to break above important short-term resistance at 1.7355 and instead turned around to make a small new low at 1.7211. This is a disappointment and keeps red wave ii alive, but it does not change our larger bullish count calling for more upside pressure above 1.7484 longer-term. To confirm that red […]
EUR/JPY has rallied to a high of 128.06 or 12 small pips above our ideal target at 127.94, but staying below important resistance at 128.48 our slightly preferred count calls for a final dip in wave v/ to complete wave C of II. Normally two of the waves, in a five wave sequence, are equal […]
4h On the 4-hour chart, the EUR/USD pair performed fixation above the correction level of 100.0% – 1.1508. Thus, the process of growth of quotations may resume on August 21 towards the next correctional level of 76.4% – 1.1576. Brewing divergences today is not noticeable in any indicator. The pair’s retracement from the Fibo level […]
4-hour timeframe Technical data: Higher channel of linear regression: direction – down. The lower channel of linear regression: direction – down. Moving average (20; flattened) – sideways. CCI: 229.9207 On August 20, the GBP/USD currency pair finally worked and overcame the moving middle line. But the main thing is that the bulls on the instrument […]
The upward movement remains a priority, which considers any decline to find advantageous buying prices. Yesterday, there was a test of the first target zone NKZ 0.7341-0.7329. The first formation phase of the upward model is completed and there was a test of the weekly short-term 0.7341-0.7329 since yesterday, which allowed the fixations of long […]
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The dollar was rapidly losing its positions on Monday, which was due to several factors. First, the dollar was pretty much overbought and a local correction was about to take place. It was brewing last week, but the uncertainty of market participants about the further US actions in the foreign policy arena forced it to […]
Waiting for the result of a new meeting between Washington and Beijing on the issue of trade duties is seen by the markets as a positive step that could result, if not by a final compromise, then at least lead to a truce. The US responded that it is ready for negotiations, but President D. […]
Bitcoin is still quite indecisive below $6,500 area which is going nowhere as of the current market structure. The price has been quite impulsive with the bearish gains yesterday which lead the price towards the Tenkan line dynamic support level and today an impulsive bullish counter was again observed which put the bulls at the […]
The macroeconomic data publications at the beginning of the week are light, but one of the most important information recently is the statement of Donald Trump being part of the interview given to the Reuters news agency. In an interview with Reuters journalists, the President of the United States openly criticized the Federal Reserve for […]
On Monday, the 13th of August, Turks woke up with a course of lira at the level of 7 per dollar, it became clear that the current policy in combating the crisis did not pass the exam. The joint actions undertaken by the government and the Turkish central bank at that time allowed the campaign […]
The dollar has accepted the punch from Trump and the corrective developments dictate the conditions on the main currency pairs. The Asian stock market is “enjoying” the disruption of USD domination; similarly, in the commodity market, the valuation in the American currency is adjusted. The American president accused China and the European Union of manipulating […]
On Friday, Venezuelan President Nicolas Maduro announced a new unified exchange rate for Bolivar, which is linked to the virtual Petro currency. According to the new guidelines, one Petro would have the equivalent of $ 60, which means that the country’s currency is substantially devalued by 96%. In the face of enormous political and economic […]
• EUR/CAD reversed from support level 1.4830 • Further gains are likely EUR/CAD recently reversed up from the support area located between the key support level 1.4830 (former strong support from January) and the lower daily Bollinger Band. The upward reversal from this support zone completed the previous medium-term ABC correction (B) from the middle […]
• Cotton reversed from support zone • Further gains are likely Cotton continues to rise after the recent sharp upward reversal from the support zone located between the round support level 80.00 (which also reversed the price in April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse form last October. […]
The US Federal Reserve is scheduled to release the minutes from its latest policy meeting on Wednesday at 1800 GMT and while the central bank opened the path for further rate increases this year, giving a strong assessment on the US economy, investors will be closely reading the detailed record to confirm that policymakers are indeed comfortable to raise […]
