Breakdown of 0.7220-0.7170 (neckline zone) was needed for a bearish breakout of the depicted consolidation range (0.7170 and 0.7350). The 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 allowed evident bearish […]
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 […]
German and Euro Zone GDPs are out on this Tuesday along with the UK employment stats, so let’s take a closer look. Preliminary Second Quarter German GDP is out first at 6 AM. German economy grew at a pace of just point 3% in the year’s opening quarter, which was just half of fourth quarter’s […]
GOLD PRICES broke through $1200 per troy ounce, an 18-month low at Monday lunch time amid Turkish crisis pushing the dollar to a 13-month high and ripping through emerging markets currencies as Recep Tayyip Erdogan, Turkey’s president hit out at the US, writes Atsuko Whitehose at BullionVault. Dollar index (DXY), measuring the value of the Dollar against […]
We’re halfway through this week’s first trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar shows limited rate movement of 49 pips, but the pair has attracted an average amount of funds. Neutral sentiment is almost at an even balance. Both sides have had only limited profit chances due to […]
Here are the latest developments in global markets: FOREX: The US dollar index was little changed on Monday (+0.07%), while dollar/yen headed lower by 0.50%, completing a six-week low at 110.10 as political tensions between the US and Turkey enhanced interest for safer assets. Euro/dollar remained negative, last seen at 1.1385 (-0.23%) after it opened with a gap down today following Friday’s strong […]
To open long positions for EUR / USD pair, you need: Buyers try to stop the fall, but it does not work very well. It is best to return to long positions after the formation of a false breakdown at 1.1365 or to rebound from the new support level of 1.1324. The main task for […]
Keep your broker in check on this week’s first trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 34 and point 9 pips respectively. The pair has walked in a total range of 47 pips and the biggest move was a decline of point 41%. Start of […]
H4 On the 4-hour chart, quotations of the GBP / USD pair continue the decline in the direction of the correction level of 261.8% at 1.2638. The bullish divergence of the CCI indicator was formed today, which allows us to count on a reversal in favor of the British currency and some growth in the […]
Gold prices have been developing within a sideways channel over the last ten days with upper boundary the 1217 resistance level, and lower boundary the 1204 support level. It is worth mentioning that the price recorded a fresh 17-month low of 1203.55 earlier on Monday. The technical structure enhances the argument that the outlook is entirely negative at the moment. Looking […]
The collapse of the Turkish lira spreads its toxic influence on the European and EM financial markets. Asian bourses have been losing more than 1% at Monday morning amid the increased demand for safe-haven assets. The futures on S&P500 lose 0.1% at the start of Monday trades, falling for the fourth trading session in a […]
It’s a new trading week, and time for the Dukascopy Trading Signals. Euro/Dollar’s technical indicators are mostly pointing South in all three time ranges, which is in line with the 37% short interbank sentiment. Pound/Dollar has an equal number of 6 sell signals in all three time scales. Interbank stance is almost 39% short, in […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -August 13th 2018 Related Posts:Market continues to […]
Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Monday, after touching its highest level in more than a year on Friday. The haven-perceived yen is the strongest among its peers today, benefiting from concerns over the situation in Turkey and its potential repercussions. The euro and […]
Overview: The GBP/USD pair hit the weekly support 1 last week. So, it dropped down in order to bottom at the point of 1.2780. Today, the pair is trading below its pivot point (1.2780). It is likely to trade in a higher range as long as it remains below the level of 1.2780. Hence, the […]
To open long positions for GBP/USD, it is required: A false breakout and a return to 1.2739 will be the first signal to buy the pound in order to restore to the resistance area of 1.2789 and update the high in the area of 1.2847, where I recommend profit taking. If the pound drops below […]
Overview: The EUR/USD pair continues moving in a bearish trend from the resistance level of 1.1553 to 1.1368. Currently, the price is in a bearish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The bias remains bearish in the nearest term testing 1.1300 and 1.1283. […]
The results of last week showed the correctness of our view of the developing events around the trade wars and their positive impact on the US dollar rate. Earlier, we repeatedly pointed out that keeping the Fed rate for the continuation of the cycle of raising interest rates and, in fact, the absence of such […]
EUR/USD Last Friday, the markets could not resist the crisis in emerging markets and the euro fell by 115 points – investors massively bought the dollar and as an additional insurance left their stock market – the S&P 500 fell by 0.71%. It is interesting to see President Trump’s emotional assessment of this situation: “I […]
GBP / USD pair On Friday, the British pound broke through the support of the trendy embedded line of a large price channel against the backdrop of the overall strengthening of the dollar. And now, the main purpose is to open prior to the next support in the area of 1.2275. But before that, it […]
Morning Report: 07.00 London This morning, emerging market currencies remain under severe pressure as Turkey moves to soothe world markets. The Turkish contagion is spreading to the Rupee and Rand as investors take fright and move to safe havens in Asian and America. The Japanese yen continues to draw in volume as traders bet on […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -August 13th 2018 Related Posts:Financial future on […]
Technical Analysis – EURUSD reaches 13-month low after significant sell-off move EURUSD sank to a fresh 13-month low of 1.1364 on Monday and opened the day with a gap down after the aggressive bearish session in the preceding week. The world’s most traded currency endorses the negative movement as it holds below the narrow range […]
Dear colleagues. For the of EUR / USD pair, the continuation of the movement down is expected after passing the price of the noise range of 1.1360 – 1.1335. For the GBP / USD pair. the continuation of the movement downwards is expected after the breakdown of 1.2727. We consider the upward movement as a […]
Forecast for August 13: Analytical review on the scale of H1: For Gold, the key levels on the scale of H1 are: 1224.43, 1219.21, 1214.61, 1211.58, 1206.05, 1202.29, 1197.59 and 1194.35. Here, the situation is in an equilibrium state. The continuation of the movement downwards is expected after the breakdown of 1206.05. In this case, […]
On Monday, the 13th of August 2018, the event calendar is light in important data releases, only Gross Domestic Product data form Italy is to be posted. No scheduled speeches as well. Holiday season at its peak. USD/TRY analysis for 13/08/2018: The crisis in Turkey is a bad sign for the entire global economy because […]
USD/JPY On Friday, the yen reached a support for the downward trend line on the panic in emerging markets and this morning with a price gap passed under this support and rushed to the next at 109.90. Breaking through this support will open the way to the next one, with the goal of 109.04. We […]
Bitcoin has been ranging between $6,000 to $6,500 area for a few days now while being quite volatile inside the area as well. The bearish pressure has been quite impulsive earlier which took the price to the ZERO point from where the earlier bullish move took place to push the price higher. The price has […]
USD/JPY has been quite impulsive with the bearish momentum recently which lead the price to open below 110.50 today. As the break below 110.50 was with a gap, the breakout cannot be taken as optimum for further bearish pressure in the pair. This week JPY Trade Balance report is going to be published on Thursday, […]
The Chilean Crypto stock exchange Crypto MKT recently announced that its citizens can now buy products and services for cryptocurrencies from more than 5,000 traders thanks to the new integration with the cryptographic payment processor. According to the announcement, the partnership between Crypto MKT and Flow.cl online payment platform has enabled sellers to add cryptocurrency […]
