Forecast for August 14: Analytical review on the scale of H1: According to Gold, the key levels on the scale of H1 are: 1203.06, 1198, 39, 1195.31, 1191.05, 1188.55 and 1183.34. Here, we follow the development of the downward cycle from August 3. The continuation of the movement downwards is expected after the passage at […]
Dear colleagues. For the currency pair Euro / Dollar, the price for the current moment is in correction and the continuation of the movement downwards is expected after the breakdown of 1.1335. For the Pound / Dollar currency pair, we continue to move downwards after the breakdown of 1.2727, we consider the upward movement as […]
The sun is shining you are melting and there is only one way to cool down, and that is water warfare. So find out what is the ultimate water weapon on this episode of IT Industry Cath Up. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#253928 Смотрите […]
The #oil bucket list has been in place for more than three years and one of the original stocks in the list, Pantheon Resources (PANR), has just fallen out. Malcolm Graham-Wood, author of #MalcysBlog and director of Hydrocarbon Capital, updates #IG on the list. 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 […]
Recently listed on the main market in London, Emmerson Plc is a #potash development company that has just indicated to shareholders that it has defined what it calls a significant target, at its 100% owned Khemisset potash project in Morocco. Here corporate development director, Phil Cleggett, discusses the significance of this most recent announcement, and […]
Walmart’s earnings report for its fiscal second quarter will be hitting the markets before Thursday’s US market open. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation for the Food Retail & Distribution peer group. The retail giant’s earnings per share (EPS) for the quarter ending in July are anticipated to stand […]
Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). A quick 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 allowed evident bearish decline […]
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 […]
4-hour timeframe Amplitude of the last 5 days (high-low): 93p – 50p – 106p – 92p – 114p. The average is for 91p (82p). There was no correction on pound sterling, even if the European currency began to adjust against the background of profit-taking by traders. Shorts for the pound continue to be held by […]
Morning session is over on this Tuesday so let’s see how traders have performed so far. Euro/Dollar has walked in a total range of 50 pips and the pair sees 21% more than typical funds. Neutral sentiment of the traders is just 5% short. Both sides have seen some profit opportunities, but the calm rate […]
The US will see the release of retail sales figures for July on Wednesday, at 1230 GMT. Forecasts suggest that retail sales rose yet again, albeit at a slower pace than in the previous month. Nonetheless, another positive print could enhance the narrative that the US economy remains on a healthy track and thus, spell […]
EURCHF is on course for the fifth week of losses, which have taken the pair from above the 1.1700 level to a one-year low of 1.1285. The sharp sell-off drives the price towards the lower boundary of the upward sloping channel, which has been standing since January 2015. The momentum indicators are supportive of the […]
Here are the latest developments in global markets: FOREX: The US dollar index, which measures the dollar’s strength against six major currencies, declined by 0.13%, while dollar/yen inched up by 0.23%, trading near the 111.00 psychological level. Euro/dollar started the day in the green but quickly dropped its gains and is down by 0.07% on the day despite an unexpected […]
Trading recommendations: According to the H1 time – frame, I found that Bitcoin is in the upward corrective phase but it is going on slow tempo, which is a sign that buyers don’t have enough power for larger upward correction. The trend is downward and my advice is to watch for potential selling opportuntiies if […]
This is the Dukascopy Spike Controller for Tuesday with a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 33 pips and peak separation of 1.4 pips was posted during the past hour. A single trend hasn’t formed for this pair and it rose yesterday by point 54% or 61 […]
This Wednesday is busy with UK and US news releases, so let’s take a closer look with the Dukascopy Economic Calendar. A couple of UK reports for July open this agenda at 8:30 in the morning, including the high importance Consumer Price Index. The overall annual inflation was unchanged in June at 2.4%, but the […]
Recently, Gold has been trading sideways at the price of $1,194.75. The price is trading below the pivot level ($1.199.27), which is a sign that sellers are in control. I also found a potential bearish flag in creation, which is a sign that downward trend may resume. My advice is to watch for potential selling […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2826. According to the M15 time – frame, I found a trap up move after the average Earnings Index 3m/y came 2.4%. I also found a rejection of resistance 2 at the price of 1.2823 and rejection of the upper diagonal […]
WTI futures resumed neutral mode in the short-term picture following the rebound on the six-week low of 65.70 on Monday’s session. The RSI and the MACD have both improved but remain near their neutral zones; the RSI is currently moving slightly above 50, while the MACD has deviated further above its red signal line but continues to hold below […]
Overview: Pivot: 0.9857. The USD/CHF pair is still set above the pivot point of the price 0.9857. 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 order to test it again. […]
Overview: The USD/CAD pair continues to trade downwards from the level of 1.3094. 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 is seen at 1.2974. […]
You’re watching the Dukascopy Daily Trading Signals for Tuesday. Let’s see how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s technicals are mostly pointing North in the hourly chart. Mid term outlook shifts to neutral and 6 studies are red in the daily range. Interbank sentiment is bearish, just like the hourly […]
Cotton is an important agricultural crop used for the apparel industry. Cotton-made products are known for their quality, beauty, and their durability but lightweight. As the world’s population has increased, so has the need for cotton. This is because every day, cotton-made clothes are worn by more than 6 billion people. Cotton’s producing industry is […]
The use of gold can be traced to the earliest manuscripts ever found. Its use as a prestige commodity and form of exchange is found in all these historic books. In the early 1900s, the world came to what was known the gold standard. During this time, gold was the only recognized means of exchanges. […]
The Turkish lira hit an all-time low, dragging down other emerging market currencies like the South African rand and the Mexican peso. Richard Segal, senior analyst at Manulife Asset Management, tells IGTV’s Victoria Scholar that Turkey’s full-blown currency crisis is largely self-inflicted. #TurkishLira #Erdogan 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 […]
Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% lower on Tuesday, looking set to extend the modest losses it recorded yesterday. The safe-haven Japanese yen is also on the back foot, as the risk-aversion emanating from Turkey subsided somewhat, for now at least. Conversely, the euro and pound are […]
USD/CAD had been quite volatile until it breached above 1.3050 with a daily close. The price is currently retracing to retest the resistance as support. USD has been quite impulsive with the recent gains which lead CAD to lose some grounds in the process despite better-than-expected economic reports. Recently, Canada’s Employment Change report was published […]
Morning Report: 07.00 London The dollar pairs are rebounding, with the dollar index and other safe havens on the back foot. There is no good news specifically, more an absence of potentially bad news. Movements are slight though, with any gains potentially wiped out in a morning session. The EUR/USD is rallying off the 1.1400 […]
There is a demand for profit-taking in the markets after powerful movements at the end of last week and a very aggressive trading start of the week. On Monday afternoon there was a cautious demand for some risky assets, as investors considered recent sell-off as gone too far. However, investors should be cautions. The key […]
GBPUSD eases slightly to the upside after the aggressive falling mode posted in the preceding five weeks. The cable recorded an almost 13-month low of 1.2722 and the rally brought the price below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe. However, the technical indicators are suggesting […]
