On Monday, the oil quotes were falling, while the maximum for Brent was previously formed with February delivery at $ 63.69 a barrel. The positive reaction of the market to the decision of OPEC + to reduce production by 1.2 million barrels per day starting next year contributed to a jump up. Meanwhile, in December, […]
At the beginning of the week, the pound sterling was under pressure due to reports that British Prime Minister Theresa May could cancel the vote on the Brexit terms agreement to avoid defeat, which is likely to result in her government’s resignation. At 16:00 London time, the GBP / USD currency pair dropped to 1.2633, […]
UN Secretary-General Antonio Guterres said that annually the amount of bribes worldwide is $ 1 trillion, and corruption leads to a loss of almost $ 2.6 trillion. This became known from the message of the Secretary-General on the occasion of the International Day to Combat Corruption. A. Guterres urged to direct all possible forces to […]
4-hour timeframe Technical details: The senior linear regression channel: direction – up. The younger linear regression channel: direction – up. Moving average (20; smoothed) – up. CCI: 102.4024 The tool “gold” on Monday, December 10, began a downward correction, unable to overcome the Murray level of “8/8” – 1250.00. The blue bars of the Heikin […]
A new week for global markets opened lower. Simultaneously with the fall of the dollar, the stock markets rushed down. To the anxiety surrounding trade disputes between Washington and Beijing, traders’ reaction to the weak labor market report added, which heightened concerns about a slowdown in US GDP growth. As a result, Macroeconomic Advisers worsens […]
Traders and investors began to quickly get rid of the British pound, even though the data released on the UK economy did not differ much from the expectations of economists. It is all due to the fact that the British Prime Minister Theresa May convened an emergency meeting of the government. Immediately rumors spread that […]
Corn broke resistance area Further gains are likely Corn recently broke through the resistance area lying between the key resistance level 380.00 (which has been reversing the price from the middle of October) and the resistance trendline of the wide daily up channel from July. The breakout of this resistance area accelerated the active short–term […]
GBPUSD broke multi-month support level 1.2700 Further losses are likely GBPUSD today broke through the strong, multi-month support level 1.2700 (which has been steadily reversing the price from the middle of 2017 – as can be seen from the weekly GBPUSD chart below). The breakout of the support level 1.2690 continues the active medium-term impulse […]
The US 500 index is trying to recover ground as it opened with a negative gap today. The price is climbing above the rising trend line, continuing the bullish outlook. The RSI is standing below the neutral threshold of 50 and pointing higher, detecting accelerating positive momentum. However, the moving averages completed a “death cross” on […]
Crypto market has lost not just a huge amount of capitalization and trading volumes, but also the faith of investors and enthusiasts. Do, for the December, 7 we have huge “crowd of losers” among the Coins. Let’s start from those who are looking more promising against the rest: 1 – XRP This cryptocurrency provides an […]
Hello and welcome back for another edition of the Dukascopy Economic Calendar for Tuesday. The high importance UK unemployment report for November opens this agenda at 9:30 in the morning. The UK Office for National Statistics reported unemployment rate rising slightly to 4.1 percent for the July to September period. Total pay in nominal terms […]
GBPAUD rebounded after touching 11-month lows at 1.1720, near the 50% Fibonacci retracement level of the upleg from 1.5725 to 1.8730 on December 3. A week later though, the pair is reversing lower again, back below the 38.2% Fibonacci, with the RSI suggesting further weakness to come in the short term; the indicator returned to bearish […]
To open long positions on EUR / USD pair, you need: Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the upward trend, which will lead to a further wave of growth with a test of highs around 1.1471 and 1.1498, where I recommend […]
To open long positions on the GBP / USD pair, you need: The pound fell and failed to get out above the resistance of 1.2751. News that British Prime Minister Theresa May may withdraw a vote on the Brexit agreement, scheduled for Tuesday, has led to a quick sale. At the moment, it is best […]
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018. On November […]
Recently, the GBP/USD pair failed to establish a successful bullish breakout above the price level of 1.2880 (the upper limit of the current consolidation range). Last week, two unsuccessful bearish breakout attempts were demonstrated below 1.2720. Bullish persistence above 1.2780 (78.6% Fibo level) was needed to enhance the bullish side of the market. The current […]
Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot. Euro/Dollar rose early in the session by 44 pips, but a following decline has wiped out most of the gains. Traded volume is average and neutral sentiment is leaning towards the short side by […]
Trading recommendations: According to the H1 time – frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found that price failed to test lower Keltner band, which is another sign of potential strength. My advice is to watch for buying opportunities. The upward targets are […]
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2690. According to the M15 time – frame, I found that there is trading below the daily pivot (1.2743) and below the Ichimoku cloud, which is a sign that sellers are in control. I also found that there is a double […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1442. Anyway, according to the M15 time – frame, I found that there is a fake breakout of Friday’s high at the price of 1.1424, which is a sign of weakness. I also found that price made a bearish break of […]
Equity markets and risk assets, in general, have had difficult times this year, and there are now many expectations around the possibility of a year-end rally that could save the day. Yet, political risks around the US-China Trade talks, Brexit or the Italian Budget consideration are overhanging. Is it time to Hold and eventually capture […]
Overview: The GBP/USD pair dropped from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H4 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 in coming […]
Overview: Last week, the NZD/USD pair broke resistance which turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The […]
Start your trading week right and compare your broker’s price feed with the Dukascopy Spike Controller’s benchmark interbank price data. Euro/dollar’s daily average spread is point 41 pips and maximum separation has been 1.8 pips. The pair rose above the 1.14 level yesterday as it gained point 46% to define the daily volatility of 52 […]
December, 11 at 19:00 UK time The UK House of Commons will make a final decision for or against Theresa May’s Brexit deal. Foremost, the courses of GBPUSD, EURGBP, EURUSD, UK Indices and UK Shares will be affected. Due to this, pay attention, that: 1. Margin requirements for EU Indices will increase to 2% from […]
On Friday, the United States labor department released disappointing employment numbers. These numbers showed that the economy created 155K jobs in November. This was much lower than the 200K that traders were expecting. The private NFP rose by 161K, which was lower than the estimated 200K. The unemployment rate remained at 3.7% while wage growth […]
Gold prices pared some gains on Monday, following the new five-month high of 1250.44 that was achieved in the preceding week. The yellow metal holds above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, however, the momentum indicators are turning lower. The RSI indicator is pointing down after hitting the overbought zone, while the %K line of […]
Dollar bulls are going through hard times: rumors of a slowdown in the Fed’s interest rate increase are increasing like a snowball. And recently, not only the Fed’s actions next year have been questioned, but also the December rate hike, although the likelihood of this step is already in many ways embedded in current prices. […]
It appears that the Central Bank of Australia will keep interest rates at the current level, at least until mid- 2020, the recent series of weak economic data eliminated any likelihood of an earlier rate hike. Last week, the Reserve Bank of Australia (RBA) left rates at a record low of 1.50 percent, for 28 […]
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