Oil market being driven by ‘sentiment’ not ‘reality’

Markets are ‘getting ahead of themselves’ when it comes to the price of oil. Independent oil analysts and Forbes columnist, Gaurav Sharma, tells IG that he retains his year-end target for Brent at $75 a barrel. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom #oil #oilmarket #brent We provide fast […]

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Bitcoin analysis for October 09, 2018

Trading recommendations: According to the H1 time – frame, I found that Bitcoin is in a consolidation phase for the short term. My advice is to watch for a breakout of the resistance trendline to confirm further upward continuation. The take profit levels are set at the price of $6.659 and at the price of […]

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Technical analysis of NZD/USD for October 09, 2018

Overview: The Kiwi (NZD/USD) pair fell from the level of 0.6539 to bottom at 0.6483 this week. Today, the NZD/USD pair has faced strong support at the level of 0.6483. So, the strong support has been already faced at the level of 0.6483 and the pair is likely to try to approach it in order […]

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Analysis of Gold for October 09, 2018

Recently, Gold has been trading downwards. The price tested the level of $1.182.50. According to the H4time – frame, I found a broken support trendline, which is a sign of weakness. I also found that price is trading inside of the downward channel, which is another sign of weakness. Watch for selling opportunities. The downward […]

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USD/CAD analysis for October 09, 2018

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 112.81. According to the H1 time – frame, I found broken Head and shoulders pattern in the background, which is a sign that sellers are in control. Most recently, I have found the bearish flag pattern in creation, which is another […]

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Spike Controller

Welcome back traders to Dukascopy TV its time to check the fairness of your broker with the Spike Controller. First up is the Euro-Dollar pair it has a daily average of point 31 pips and a maximum spread of 1.2 pips. the pair has lost point 47% or 54 pips. no news events have influenced […]

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Technical Analysis – WTI crude futures returns in gaining ground; bullish bias

West Texas Intermediate (WTI) futures have been in a flying mode today, hitting the bearish cross of the 20- and 40-simple moving averages (SMAs). The price has pared some of the previous days’ losses and the momentum indicators are suggesting more gains. The RSI indicator entered the positive territory, while the MACD oscillator is strengthening below the zero […]

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October 9th 2018: Dollar Mixed as Traders Seek Safe Havens

Morning Report: 07.00 London This morning, markets are choppy on growing concerns that are limiting risk appetite. Concerns mount over emerging currencies, China and the Italian economy. The USD/JPY continues to fall from the highs around 114.50, with support at 113.00 the latest test. The EUR/JPY is following a similar path, with steady selling from […]

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Trading Signals

Hello, Traders its Tuesday and its time for the dukascopy daily trading signals. As always we start with the Euro-Dollar pair It has mixed results 2 buy 3 sell and 3 neutral in the 1-hour scale there 4 sell prompts in the midterm and 6 in the daily scale. The interbank sentiment is bearish at […]

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Forex News: 09/10/2018 – Dollar and yen remain in demand as yuan, stocks steady

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 […]

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Germany DAX Weakness Continues as Auto Sector Woes Continue

Germany is the fourth biggest economy in the world after the United States, China, and Japan. It has a GDP of more than $3.4 trillion. The DAX is the German equivalent to the US Dow Jones Industrial Average. This year, while the Dow has gained more than 5%, the DAX has lost more than 8%. […]

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Why the Price of WTI Could Hit $80 in Q4

The final quarter of the year started last week in which promises to be a consequential quarter for the oil market. In the third quarter, the price of WTI rose by 2% to reach a high of $76. This month, the price has cooled a bit and fell to $73 before starting to move up […]

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European Open Preview – Yen stages comeback amid China & Italy concerns

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – inched up by 0.11% on Tuesday, extending the gains it recorded in the previous session. This was largely owed to a tumble in the euro, which holds the largest weight […]

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Technical Analysis: 09/10/2018 – USDJPY decline to soften in short-term; rebound possible

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 […]

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Daily Market Review, October 9th 2018: Sterling takes a sharp turn

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 news – 09.10.2018 Related Posts:Video market update […]

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Technical Analysis – GBPUSD unlocks 23.6% Fibonacci; creates bullish correction

GBPUSD seems be in progress to post a bullish correction of the strong sell-off following the pullback on 1.4375. The pair successfully surpassed the 23.6% Fibonacci retracement level of the downleg from 1.4375 to 1.2660, around 1.3066, as well as the 20- and 40-simple moving averages (SMAs) in the daily timeframe. The technical indicators are moving […]

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Trading plan for 09/10/2018

On Tuesday there is no improvement in market sentiment, but the situation is not deteriorating. After a long weekend, Japan and Nikkei225 are coming back, but in Shanghai the stock exchange is stable. The fluctuations in the currency market are minimal. USD / JPY is just over 113 after descending to 112.80 at night. Nikkei225, […]

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Bitcoin analysis for 09/10/2018

The creator of the Bitcoin protocol (BTC), Mark Friedenbach, presented the method of Bitcoin scaling at a workshop in Tokyo on October 5, which, according to him, will not require hard work. The new concept presented at the Scaling Bitcoin workshop, titled “Forward Blocks”, suggests a significant increase in chain performance by changing the Proof […]

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Elliott wave analysis of EUR/NZD for October 9, 2018

EUR/NZD has spiked support at 1.7758 and the correction from 1.7929 does not look complete yet. The decline to 1.7929 likely only wave wave blue wave A and blue wave B to 1.7854 should now be expected before blue wave C of blue wave ii takes over and brings prices lower to 1.7705 with an […]

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Elliott wave analysis of EUR/JPY for October 9, 2018

A strong break below 130.58 was not our preferred option. This break has more implication for our short-term count. as the decline to 129.49 meant our blue wave (4) is overlapping blue wave (1), which is not allowed under the EWP, so we have changed our short-term count and moved blue wave (1) to be […]

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Technical analysis: Intraday levels for EUR/USD, Oct 09/2018

When the European market opens, some economic data will be released such as German Trade Balance. The US will release a couple of economic reports as well such as IBD/TIPP Economic Optimism and NFIB Small Business Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]

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A quiet FX session ,Treasury Yields move higher again, the IMF trims its forecasts.

https://pepperstone.com/en/forex-news/market-review -AUD pushes back, the INR is still sliding. -US Treasury yields move higher in Asian trade. -The IMF brings out the red pen. -Aussie equities touch new 16 week lows. -German balance of trade & Japan machine orders on tap. -Country equity indices and their all-time highs. The overnight changes and price moves to […]

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Simplified Wave Analysis. USD / JPY review for the week of October 8

Wave pattern on the H4 chart: The rising wave dominates with a starting point on March 26. A rising high wave level indicates an imminent transition to a larger scale of motion. Wave pattern on the H1 chart: From the middle of July, a descending wave in a wrong structure is forming, which will then […]

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The Daily Fix – Chinese assets finding no love from investors

In this video Chris Weston looks at the sell-down in Chinese assets and questions whether the US Treasury department label China a currency manipulator. Stay informed and manage your risk. Website: https://pepperstone.com/ Twitter: https://twitter.com/pepperstonefx Chris Weston: https://twitter.com/chrisweston_ps Subscribe: https://bit.ly/2NlF6rI Related Posts:Technical Analysis of Daily Price Movement of Crude Oil… November 8, 2023 On the daily […]

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BITCOIN Analysis for October 8, 2018

Bitcoin has been quite corrective and volatile recently while residing at the edge of $6,500 area with a daily close. The price has managed to move higher quite impulsively today which provided a significant advantage of the bulls over bears This price move is expected to lead to further upward pressure in the coming days. […]

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Intraday technical levels and trading recommendations for GBP/USD for October 8, 2018

On September 13, the depicted daily downtrend line which came to meet the pair around 1.3025-1.3090 failed to offer enough bearish pressure on the pair. Since then, the GBP/USD pair has been demonstrating a successful bullish breakout so far. On September 21, the GBP/USD short-term outlook turned to become bearish towards 1.3010 (50% Fibonacci level) […]

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Intraday technical levels and trading recommendations for EUR/USD for October 8, 2018

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 (recent bearish engulfing weekly candlestick). On September 10, the price level of 1.1500 offered temporary bullish recovery. A quick bullish movement was demonstrated towards the upper limit of the price range […]

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USD / CAD. Why is a Canadian cheaper?

The growth of the USD/CAD pair looks unnatural, given the current fundamental background for the Canadian. Experts are trying to “justify” the northern impulse of indirect factors of the pair that are associated with the emerging concerns about the prospects for the monetary policy of the Canadian Central Bank. In my opinion, the weakness of […]

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