The Swedish Krona cannot recover after a recent fall. Recall – after the weak inflation data and plans of the local Central Bank forced investors to sell the currency. The euro, in turn, was hit by low volumes of industrial orders in Italy. Krona rose last week after the Central Bank of Sweden, despite growing […]
Thursday will be a busy day for US data with a slew of releases on the agenda. The delayed durable goods orders report for December, due at 13:30 GMT, could be overlooked in favour of the more up-to-date manufacturing activity indicators for February. The Philly Fed manufacturing index will be posted at 13:30 GMT, followed […]
UK 100 stock index (FTSE 100) has declined considerably after touching the four-month high of 7265 on February 15. During Thursday’s trading, the price has gained some ground, while it is currently not far below the 50.0% Fibonacci retracement level of the downleg from 7900 to 6533, near 7220. The flatly aligned Tenkan- and Kijun-sen lines are indicative of a possible […]
Inflation pressures in Japan decelerated in the last quarter of 2018, forcing the central bank to lower its inflation expectations for 2019. In January, the core Consumer Price Index (CPI) is anticipated to show a mild rise, but with global risks threatening to boost the safe-haven yen in coming months, questions are now arising about whether the […]
To open long positions on the GBP / USD pair, you need: Pound returned to the area of support, which I paid attention to in my morning forecast, but there was no serious demand for it. Hence, it led to a revision of the future strategy for purchases. At the moment, it is best to […]
To open long positions on EUR / USD pair, you need: Euro buyers attempted to continue growth today against the backdrop of a good report on producer prices in Germany. However, they failed to gain a foothold above the resistance of 1.1355. In the afternoon, all attention will be focused on the Fed’s protocols but […]
The Apple stock has rebounded on the multi-month low of 141.90 that was reached on January 3, surging above the strong 50-day simple moving average (SMA). The RSI and the MACD seem to be neutral with the former marginally sloping up above its 50 neutral mark and the latter flattening near the red trigger line. Also, the price stands inside the Ichimoku cloud and […]
Economic Calendar is extremely busy on this Thursday, so let’s take a closer look. Flash PMI data run for February opens this agenda at 8:15 in the morning, when French Manufacturing and Services statistics will be published. German data will then be available fifteen minutes later and the whole bloc’s overview will then wrap things […]
It will be a pivotal week for the euro, as preliminary euro area PMI surveys will hit the markets on Thursday, at 0900 GMT, and will be followed by the minutes of the ECB’s January meeting at 1230 GMT. The PMIs are expected to have stabilized somewhat, which could allay some concerns around the euro […]
Overview: The GBP/USD pair continues to move downwards from the areas of 1.3210 and 1.2913 in the long term. Last week, the pair dropped from the level of 1.3210 to 1.2913 which coincides with a ratio of 61.8% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 1.3130 and 1.3210. So, […]
Overview: Pivot point: 0.6882. The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio, which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is […]
It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session on Wednesday. Euro/Dollar shows limited rate movement as the high and low difference measures at only 29 pips. Despite the flat rate movement, traders have used 58 percent more than usual funds. Neutral […]
BTC has been trading sideways at the price of $4.013. The momentum is still bullish and there are no signs of a reversal yet. We found a potential end of the downward correction (running flat abc), which is a sign that buyers may resume the uptrend. Intrarday resistance is set at $4.031 and intraday support […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. Bullish fixation above 1.1430 was needed to […]
The dollar does not intend to make any sudden movements before the publication of the minutes of the Fed meeting. Although, it managed to strengthen against the yen amid a stronger risk appetite for investors, which limits the demand for the Japanese currency. In general, considering that the Japanese currency is a safe haven, it […]
On December 12, the previously-dominating bearish momentum came to an end when the GBP/USD pair visited the price levels of 1.2500 where the backside of the broken daily uptrend was located. Since then, the current bullish swing has been taking place until January 28 when the GBP/USD pair was almost approaching the supply level of […]
USD/JPY is trading at 110.75 and inside of the corrective structure (bearish flag), which is a sign that buying looks risky. Since there is impulsive downward movement in the background, we expect downward continuation in the next period. USD/JPY did a successful breakout of the rising upward trendline in the background, which is a sign […]
EURJPY is trading slightly below the 50% Fibonacci retracement level of the downleg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair has been struggling in an upward sloping channel since January 15 with the technical indicators remaining in the positive area. The RSI is pointing marginally […]
As expected gold is trading towards our minimum target at $1.360.00. This is an important long-term resistance area and the bulls are sure to find resistance there and that is why the level of $1.360.00 looks good for profit taking. Rising white line – running support Blue line – key long-term resistance Gold is making […]
Wave counting analysis: On Tuesday, February 19, trading ended for EUR / USD by another 30 bp increase. Thus, the pair continues to build the estimated wave 4 of the downward trend section, which assumes the form of a triangle, or the three-wave structure downward is completed. The instrument proceeds to construct an upward trend […]
It is time to check the quality of your broker’s price feed with the Dukascopy spike controller. Euro/Dollar’s daily average spread is point 28 pips and maximum separation has been 1.1 pips. Past 24 hours have been Euro bullish and the pair has gained point 74 percent or 83 pips to return above the 1 […]
The Euro / Dollar currency pair for the last trading day showed low volatility of 44 points. As a result, the pair remains to be at a range level. From the point of view of technical analysis, we can see that after an intensive move, the quotation rolled back again to the range of the […]
Wave counting analysis: On February 19, the GBP / USD pair gained about 140 bp. After that, it went beyond the maximum of the previous wave, which required making adjustments to the current wave marking. Nevertheless, the downward trend, taking its beginning on January 25, still looks like a 5-wave completed structure. Therefore, the current […]
Risk Warning: 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Greenback pulls back on expectations for ‘dovish’ Fed minutes today Pound outperforms, soars back above $1.30 without Brexit news Gold sails past 10-month highs amid a quiet flight to safety Dollar retreats as traders brace for ‘dovish’ Fed minutes The dollar gave up some early gains on Tuesday to close the session much lower overall […]
Morning Report: 07.00 London The US dollar index is back on the rise, following steady losses yesterday. The GBP/USD was the star of the show yesterday, with hefty gains pushing the pair through the 1.3050 level. The pound is slipping back slightly this morning, but recent gains are holding. The rally is almost entirely Brexit […]
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The biggest news expected today is from the Federal Reserve. The bank will release the minutes of the February meeting during the US trading session. This will be an important release that may lead to significant moves in the markets. In the previous meeting, the bank said that it was moving from an increasing hawkish […]
