Trading recommendations: According to the H1 time – frame, I found that price is on that critical resistance at the price of $1,180.00 (supply trendline and Fibonacci confluence), which is a sign that that buying looks very risky. I also found overbought conditions on the stochastic oscillator, which is another sign of weakness. My advice […]
It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar gained 62 pips to stop just a couple of pips below the 1 14 level. Turnover is low and sentiment of the traders is neutral, short positions are up by 6%. Uptrend makes a successful morning session more likely […]
Trading recommendations: According to the H1 time – frame, I found that price broke that upward trendline in the background, which is a sign of weakness. I also found a potential intraday upward correction after the breakout and my advice is to watch for potential breakout of the support trendline to confirm a further downward […]
EUR/GBP has been quite non-volatile with recent bullish gains which is expected to push the price much higher in the coming days. GBP has been struggling in the context of the recent trade jitters and the Brexit situation. Interestingly, positive economic reports does not provide EUR with support. Recently, UK CPI report was published as […]
4-hour timeframe Amplitude of the last 5 days (high-low): 55p – 94p – 148p – 68p – 98p. The average amplitude for the last 5 days is 93n (84p). On Wednesday, August 15, it became known that Turkish President Erdogan still decided to move from words to deeds and introduce duties on some American goods […]
Let’s take a look a the potential market movers scheduled for publication on this week’s final trading day. Euro Zone Current Account for June opens this agenda at 8 o’clock in the morning. Surplus narrowed down more than expected in May from April’s level of close to 30 billion Euros. Final Euro Zone Consumer Price […]
Here are the latest developments in global markets: FOREX: Investors continued to look for riskier assets early in the European session on hopes that US-Sino trade tensions could deescalate following Beijing’s willingness to hold trade talks with the US later in August. Dollar/yen inched up to 110.90 (+0.15%), while the dollar index which gauges the […]
AUD/JPY is currently quite impulsive with bullish gains after having a breakout below 80.50 area with a daily close recently. AUD has been dominated by JPY in many ways. However, having mixed economic reports today with a decrease in Australia’s unemployment rate, certain gain on the AUD side is being observed. AUD has been trading […]
4-hour timeframe Amplitude of the last 5 days (high-low): 106p – 92p – 114p – 61p – 123p. The average amplitude for the last 5 days is 99p (85p). The Full-scale decline of the British pound continues. During the day, the consumer price index was published in the UK, which as expected, accelerated to 2.5% […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established […]
Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). Quick bearish decline took place towards 0.6700-0.6800 where narrow ranged consolidation range was established. On July 7, evident bullish rejection pushed the NZD/USD pair above 0.6820 temporarily. However, lack of bullish momentum made the bulls fail […]
Past 24 hours have been busy with economic publications, so let’s find out what impact they have had on the FX spreads. Euro/Dollar’s long term average spread is point 36 pips and peak separation has been 1.9 pips. The pair has rebounded from yesterday’s low by a total of point 86% or 97 pips. News […]
Overview: Pivot: 1.3048. The USD/CAD pair continues to trade downwards from the levels of 1.3094 and 0.3132. This week, the pair dropped from the level of 1.3169 to the bottom around 1.2974 then set around the spot of 1.3080. Today, the first resistance level is seen at 1.3094 followed by 1.3132, while daily support 1 […]
Overview: The NZD/USD pair dropped from the level of 0.6593 towards 0.6541. Now, the price is set at 0.6583. On the H4 chart, the resistance of NZD/USD pair is seen at the level of 0.6626 and 0.6652. It should be noted that volatility is very high for that the NZD/USD pair is still moving between […]
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With most companies on the #S&P500 having posted beats on earnings and sales in the second quarter (Q2), Ben Gutteridge, head of fund research at Brewin Dolphin, reflects on the key takeaways from Q2 earnings season with IGTV’s Victoria Scholar. 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 LinkedIn: https://www.linkedin.com/company/igcom We provide […]
Good Morning, it’s Thursday and time for the daily trading signals brought to you by the Dukascopy TV team. Euro/Dollar’s short and mid term technicals are mostly neutral, but outlook shifts to bearish in the daily range. Interbank sentiment is bearish, just like the daily models. Pound/Dollar has a similar outlook, where the 1 and […]
In 2008, Warren Buffet had one of his worst year’s in the market. His portfolio declined by more than 30%. In the same year, James Simmons – who runs Renaissance Technologies – had his best year, gaining by more than 40%. In the past 20 years, the annualized returns of Buffet have been 20% while […]
The commodities market has been going through a major problem this year with most of them seeing major declines. The crude oil and wheat market have been an exception as the WTI crude and Brent have gained by 11.9% and 10% respectively. Wheat futures have gained by more than 27% as traders become worried about […]
NZDUSD paused its steep downfall at the 2 ½-year low of 0.6543 on Wednesday, reversing higher to recover losses made earlier this week. The RSI in the 4-hour chart stretched to the upside as well and is set to test its neutral 50 mark for the first time in 8 days after dropping below 30 in oversold territory. While this increases the chances […]
Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little over 0.2% on Thursday, pulling back after touching a new 13-month high in the previous session, aided by risk aversion and encouraging US retail sales prints. The Japanese yen is also on the retreat, after news that the US […]
The EUR/USD pair is showing reversal signs. Trend remains bearish on a daily basis but there are signs of a possible short-term bounce. Yesterday’s candle was a bullish hammer. I expect a bounce towards the previous support which is now resistance at 1.15. The most likely scenario will be a rejection and a bearish reversal […]
Gold price has overshot below the lower wedge boundary and is forming a bullish reversal candle. Gold price moved as low as $1,160 area providing a better-than-expected sell profit from our yesterday intraday short idea once $1,193 was broken downwards. Black lines – downward sloping wedge pattern Blue line – Bullish divergence Magenta line – […]
Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease of 1.1% on Wednesday. The Chinese offshore yuan adds about 1% on Thursday morning and trades at 6.875 after reaching 18-month lows to […]
USDJPY returned to range-bound trading after hitting an almost 7-week low of 110.10 on Monday but the negatively sloped 20-day (simple) moving average which is close to dropping below the 50-day MA may signal that the trend could develop to the downside in the short-term, especially if the bearish cross indeed materializes. The RSI and the MACD look somewhat neutral at the moment. […]
Trading plan for 16/08/2018: The European session looks to be rather quiet. Traders will get acquainted with the trade balance in the euro area and the data on the British retail sales. In the afternoon we will have a series of data from the USA and Canada. Wall Street is concerned about the longest correction […]
A governmental committee made up of Saudi regulators issued a statement that trading in cryptocurrencies in the kingdom is illegal. According to a statement issued on Sunday, a permanent committee warned against the trading of cryptocurrencies due to the negative consequences and high risk posed by traders who are out of the government’s supervision. “The […]
AUD/USD has recently broken below the 0.7300 support area with a daily close, which is currently pushing higher towards the area for a retest before progressing lower with the trend in the future. As of the recent mixed economic reports, AUD lost momentum against USD in the process which is expected to lead to further […]
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Morning Report: 07.00 London Emerging markets are recovering this morning, pulling demand for the safe havens of the US dollar and Japanese yen. This comes as the US and China are set to resume trade talks. The Australian dollar is surging, with the AUD/USD erasing two days of losses, with the AUD/JPY recovering yesterday’s sell […]
