The euro has organized new, very close levels to break through the range and start a strong movement. The main event is the ECB meeting on monetary policy today: the decision is at 11.45 London time, the press conference of the head of the ECB Mario Draghi is at 12.30 London time. In addition, the […]
The purchase of higher-yielding currencies of the EM segment for borrowed dollars brings 8.5% from the beginning of September last year. This is due to the alleged pause in tightening the Fed policy and the achievement of a trade agreement between Washington and Beijing. Volatility in financial markets weakened, the one-month figure fell in 20 […]
The number of Americans applying for unemployment benefits fell below the 49-year low. The US labor market remains strong, and this should alleviate concerns about a sharp slowdown in economic growth. Recall that the leading global economy now faces several obstacles at once, including the partial closure of the federal government, which is beginning to […]
The dollar received another reason for growth and jumped above the five-week high against the euro after the head of the European Central Bank, Mario Draghi, said that economic risks shifted to the downside, and short-term data is likely to be weaker than previously thought. Recall, the ECB left its monetary policy unchanged, as expected, […]
Wheat is an important crop in the world because of the role bread play’s in people’s lives. Around the world, billions of people eat wheat in one way or another on a daily basis. Yet, wheat is unlike other plants like corn and soybeans. This is because wheat is rarely grown on a small scale […]
The European Union was formed with the goal of creating a large zone that would create more opportunities for the people in the region. It was also created to create a bigger voice on global issues. To a large extent, the latter has been achieved because EU is represented in all major global deliberations. However, […]
This week, focus among investors has been on Europe where Brexit negotiations are taking place. The World Economic Forum (WEF) is also taking place in Switzerland while in France, talks to end the yellow jacket protests are ongoing. Today, investors will pay a close attention to Brussels, where the European Central Bank (ECB) may be […]
According to analysts Saxo Bank, the movement towards a weaker dollar may gain momentum if the US Federal Reserve System (FRS) will have to completely change its course due to the slowdown of the American and global economies in the foreseeable future. “The Fed seems to gradually come to understand the reality, in which the […]
After a two-week exit beyond the monthly CZ of January, the pair returned to its limits, which indicates the need to keep open purchases and consider new ones in the event of a decline. The upward movement of the pair is a weekly impulse. The fixation above 1/2 CZ of 1.3290-1.3279 allowed to open a […]
To open long positions on the GBP / USD pair, you need: As expected, the buyers failed to maintain the demand for the British pound and keep the morning support level of 1.3064, to which I paid attention. Optimism regarding the Brexit deal is gradually fading away and at the moment it is best to […]
The growth of the pair again led to the test of the monthly control zone of January. This suggests the possibility of closing all buy positions made at the beginning of the current week. The option with the formation of a reversal model comes to the fore. Now, a controversial situation is formed. The pair […]
We are back with the Economic Calendar for this week’s final trading day, which is extremely light. The partial US Government shutdown remains in effect, so a number of regular publications are not released. The German IFO Survey for January opens this agenda at 9 o’clock in the morning. According to the IFO Institute, Business […]
Copper futures with delivery in March 2019 have been trading in a consolidation area over the last five months with an upper boundary the 2.8530 resistance level and lower boundary the 2.5480 support. Currently, the price is trying to sink below the 20-simple moving average (SMA) in the daily timeframe, sending the market towards the lower […]
Weak data, released in the eurozone in the first half of the day, pushed the European currency together with the US dollar. Particularly alarming for the manufacturing sector in Germany, whose index pointed to a slowdown in growth rates of activity. According to the data, the PMI Purchasing Managers Index for the manufacturing sector in […]
To open long positions on EURUSD you need: Buyers are clearly leaving the market before the meeting of the European Central Bank. While the intermediate support is provided by the lower limit of the side channel at 1.1339, after its test, there is no demand for European currency as we can see on the chart. […]
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted Flag Channel (In red). On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term uptrend (In blue) was initiated. Bullish fixation above […]
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 17 when significant bearish rejection was demonstrated around 1.2999 (Bearish Engulfing candlestick […]
Trading recommendations: Nothing has specially changed since my yesterday’s analysis. BTC has failed to reach the Pitchfork median line, which is a sign that sellers are loosing power and the demand may increase. There is also a breakout of the Pitchfork diagonal (resistance), which is another confirmation of strength. The key support at the price […]
It’s 12 o’clock on this Thursday and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has moved South by a total of 62 pips to trade point 36 percent in the red at noon. Trading has been active, traders have used more than double the usual funds to trade this pair. Sentiment of the market […]
After Theresa May’s Brexit deal suffered the biggest Parliamentary defeat in history for a sitting government, few would have thought the pound’s response to the latest setback for the prime minister would have been to head higher. However, as British MPs grow increasingly determined to take control of the Brexit process, investors are becoming convinced […]
EURNZD has come close to breaking the 40-day simple moving average (SMA) today, moving towards the 1.6690 support level again. The MACD oscillator is consolidating below the zero and trigger lines keeping its momentum flat, while the %K line of the stochastic oscillator recorded a bearish crossover with the %D line, approaching the negative zone. The next level […]
As long as the support at the price of $1,276.00 is active, I am bullish on Gold. I found a failed test of the the Pitchfork median line, which is a sign for me that sellers are not strong. The buyers showed some interest in past few days and we got strong demand bars in […]
As I expected, the GBP/USD pair traded higher and met my second yesterday’s target at the price of 1.3085. GBP/USD lost its bullish trend and went into the overbought condition on the Stochastic oscillator, which is a warning for buyers at this stage. The Pitchfork median line served as good resistance, and GBP found sellers […]
Overview: The USD/CHF pair faced resistance at the level of 1.0031, while minor resistance is seen at 0.9987. Support is found at the levels of 0.9884 and 0.9819. Also, it should be noted that a daily pivot point has already set at the level of 0.9939. Equally important, the USD/CHF pair is still moving around […]
Overview: The USD/CAD pair continues to move upwards from the level of 1.3299. Yesterday, the pair rose from the level of 1.3299 (the level of 1.3299 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3352. Today, the first support level is seen at 1.3299 followed by 1.3254, while daily resistance 1 […]
As we can see on the one-hour chart, wave ((i)) has arrived as a leading diagonal pattern, which led to an upward correction. After a few weeks of consolidation, wave ((ii)) ended as a zigzag with an ending diagonal in wave (c). A pullback from the upper side of this pattern turned out to a […]
USD/CAD is currently trading at the edge of 1.3350. The price is expected to climb higher in the coming days. Despite the ongoing government shutdown in the US and downbeat economic reports, USD has asserted strength over CAD recently. The pair is expected to lead to retain bullish momentum in the coming days. US economic […]
Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar has a daily average spread of point 33 pips and peak separation of 2 pips was posted during the past 4 hours. The pair rose yesterday, but it has since declined by a total of point 48 […]
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NZDUSD has retreated from the 0.6805 resistance level and the 38.2% Fibonacci retracement level of the downleg from 0.7390 to 0.6423, around 0.6794 after the pullback from the double bottom on 0.6705. The short-term bias looks negative as the MACD keeps losing ground with weak momentum above its trigger and zero lines, while the RSI […]
