The worst monthly dynamics over the past decade has changed for oil, the best two-day increase since June, thanks to friendship. Warm meeting of Mohammed bin Salman and Vladimir Putin, as well as a joint dinner of Donald Trump and Xi Jinping at the G20 summit in Buenos Aires, inspire hope for solving several problems […]
This is the Services PMI Wednesday, so let’s take a closer look with the Dukascopy Economic Calendar. Italian Services PMI stats open the PMI run for November at 8:45 in the morning. Final French statistics will then be available five minutes later, followed by final German data at 8:55 AM. The whole bloc’s overview is […]
Bitcoin is hanging around the $4,000 level, not daring to choose any particular direction. It seems that investors feel that the benchmark cryptocurrency has not really reached the bottom yet and they are still waiting for the appearance of a strong impulse. However, BTC/USD has been able to avoid re-testing the level of $3,500, what […]
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil rose $1.55 or 2.5 percent to a high of $63.24. U.S. light crude was $1.25 higher at $54.20. Both benchmarks climbed around 4 percent on […]
Google (Alphabet) stock price has fallen sharply from the one-month high of 1122, reached earlier on Monday, after the bullish gap. However, the technical indicators are still endorsing the positive view. The MACD oscillator is strengthening its momentum above the trigger line but is below the zero line, while the RSI indicator is heading north above […]
For the third time now, XM was proud to attend the annual financial exhibition World of Trading in Frankfurt, Germany, organized on 23rd and 24th this November. The two-day event series, which took place at Forum Messe Frankfurt with the participation of numerous financial and banking institutions from Europe and overseas, attracted many hundreds of […]
On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations are maintained within the depicted daily movement channel. On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the […]
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2839. According to the M30 time – frame, I found that GBP/USD is trading above the pivot resistance 1, which is a sign that the pair is gaining momentum. My advice is to watch for buying opportunities. The upward target is […]
EUR/USD has been quite volatile and corrective while residing inside the corrective range of 1.1200 to 1.1500 area for a few days in a row. Despite the strong likelihood of a rate hike by the Federal Reserve and persistent standoff between Italy and the EU, EUR managed to gain and sustain certain momentum, leading to […]
Italian Prime Minister Giuseppe Conte said that the authorities will submit to the European Union a new draft state budget for 2019 to replace the draft previously rejected twice by the European Commission. The main goal of the Italian government J. Conte called the prevention of sanctions against Italy, which will inevitably harm not only […]
Risk Warning: 69.39% 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 […]
The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar has been trending up, breaking through the 1 14 level to trade point 35% in the green at noon. Traded volume is high and most […]
EURGBP has had a strong bearish rally this morning after the bounce off the 0.8940 resistance level. Neutral to negative risks remain in the background as the RSI decreases momentum to the downside in the positive region, while the %K line of the stochastic oscillator turned lower and is ready to create a bearish cross […]
Gasoline futures (for December delivery) managed to violate to the upside the 50-period simple moving average (SMA) on the four-hour chart yesterday, for the first time since early November, recovering some of its longer-term losses following the fall from 751.50. Today the pair jumped well into the Ichimoku cloud to touch two-week highs at 599.38, a sign that buying interest might continue to […]
We would like to inform you that the United States will observe a National Day of Mourning to honor the former US president George H.W. Bush on Wednesday 5th December. The trading hours of various instruments will be affected on that day. Please view the tables below to see which instruments will be affected and […]
Trading recommendations: According to the H1 time – frame, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also […]
Overview: The USD/CHF pair continue to trade upwards from the level of 0.9951 on the H4 chart. Today, the first support level is currently seen at 0.9951, the price is moving in a bullish channel now. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 1.0142 or […]
Overview: The USD/CAD pair is still above the level of 1.3154 since last week. Now, the current price is set at 1.3160. On the H4 chart, the resistance is seen at the levels of 1.3360 and 1.3531. Besides, the weekly support 1 is seen at the level of 1.3360. Today, the USD/CAD pair is continuing […]
Keep your broker in check with Tuesday’s Spike Controller brought to you by the Dukascopy Forex TV Team. Euro/Dollar has a daily average spread of point 32 pips. Maximum separation has been 1.3 pips. The pair rose above the 1.14 level as it gained point 88% or 100 pips in a steady uptrend. The US […]
Risk Warning: 69.39% 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 […]
The Bank of Canada (BoC) will announce its rate decision on Wednesday at 1500 GMT, and expectations are for policymakers to take no action. The loonie will probably be driven by any signals regarding the likelihood of a rate hike at the next meeting, in January. Beyond monetary policy, the outcome of the OPEC gathering […]
EURAUD opened with a gap down on Monday, extending the steep downfall off 1.6356 to a six-month low of 1.5344. The move painted a more bearish picture for the market, with the MACD suggesting that some weakness is still in storage as the indicator has reversed back below its red signal line. Yet the RSI and the […]
West Texas Intermediate (WTI) crude oil futures are in progress to recover some more ground after the bullish gap that posted yesterday. The price jumped above the positive crossover within the 20- and 40-simple moving averages in the 4-hour chart, approaching the short-term descending trend line. The RSI indicator is pointing up above the 50 […]
China and the United States continue to move around the market. Yesterday, the Treasury Secretary said that it would be a real agreement. First of all, the trade agreement will cover intellectual property, technology and currency issues, which in the future will support the growth of employment in the United States. The US Treasury Secretary […]
After the initial breakthrough on truce in the trade wars, the U.S. and Chinese indices had lost momentum, and today are performing a moderate decline. On Tuesday morning, Futures on S&P500 are around the 2775, cutting 1.8% gains from Friday down to 0.4%. Shanghai’s China A50 is 1% below peak levels at the start of […]
Trade optimism fades as markets digest the agreement Dollar extends recent pullback Oil continues to recover amid speculation for an OPEC cut RBA slightly more upbeat, but no policy change in sight Stocks edge higher on trade relief, but optimism wanes The boost to global risk appetite following the US-China trade “ceasefire” seems to have […]
These are the Dukascopy Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s 1 and 4-hour indicators are mostly pointing higher. Daily range brings 5 neutral signals, which are matched up by the only 1% long interbank sentiment. Pound/Dollar has 6 neutrals in both the short […]
Morning Report: 07.00 London Markets have a bullish bias this morning as traders shun the dollar in favour of ‘riskier’ assets and the yen. The biggest moves can be seen on the USD/JPY which is down 0.5%, as the weak dollar meets the resurgent yen. Other yen pairs are following suit, with the GBP/JPY off […]
Risk Warning: 69.39% 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 […]
