The New Zealand dollar rose today after data from the statistics office showed that the GDP expanded at a faster rate than traders had expected. In the second quarter, the economy expanded at an annualized rate of 2.8%, which was faster than the 2.5% the traders were expecting. This was also higher than the average […]
Award winning tech analyst, Ray Wang, who is the founder of Constellation Research highlights his top stock picks. Wang points to Amazon, Netflix, Nvidia, Salesforce, Microsoft and Ultimate Software. On the downside, Wang says he’s cautious towards Facebook. 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 #techstocks #stockpicks #constellationresearch We […]
The new tariffs, which the Trump administration introduced against imports from China for goods totaling $ 200 billion, will come into effect on 24 September. The increase in duties by 10% is a milder measure than previously announced 25%, however, the markets did not perceive the decline in the expected threshold as a readiness of […]
The recent bearish momentum of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800 The GBP/USD pair was testing the depicted downtrend line which came to meet the pair around 1.3025-1.3090. This week, the pair has been demonstrating a successful bullish breakout so far. This price […]
Find out how trading has been shaping up for market players during the morning session on this Thursday by watching the Dukascopy Midday Snapshot. Euro/Dollar rose above the 1 17 level to trade point 73% in the green at noon. Trading has been active, volume is extremely high and most of the traders have been […]
Here are the latest developments in global markets: FOREX: British retail sales beat expectations today rising by 0.3% m/m in August, above the -0.2% forecasted, from 0.9% m/m in the preceding month. Yearly, retail sales advanced by 3.5% instead of 2.5% predicted and versus 3.8% in July, driving pound/dollar higher by 1.10% to a fresh 2-month high of 1.3288. […]
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. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. On […]
Welcome traders to another Dukascopy spike controller. The place where you can check if your broker’s price feed is fair. Euro/Dollar’s daily average spread is point 35 pips and maximum separation has been 1.4 pips. The pair has gained point 51% or 59 pips to rise slightly above the 1 17 level. Spreads have been […]
Overview: The AUD/USD pair will be probably continue to rise from the level of 0.7233 in the long term. It should be noted that the support is established at the level of 0.7233 which represents the 508% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the […]
Analysis of wave counting: During the trades on September 18, the GBP / USD currency pair lost just a few points and as a whole, remains in the stage of constructing the supposed third wave of the new upward trend section. The completion of the construction of this wave is still expected, and the section […]
Analysis of wave counting: During the trades on Tuesday, the currency pair EUR / USD lost about 20 percentage points. The wave pattern on the instrument has not changed at all in recent days. Attempts to break through the level of 0.0% on Fibonacci was not, thus, doubts about further increases in quotations are available. […]
Overview: The USD/CAD pair has faced strong resistances at the levels of 1.2969 because support had become resistance on September 17, 2018. So, the strong resistance had already formed at the level of 1.2969 and the pair is likely to try to approach it in order to test it again. However, if the pair fails […]
Overview: The market is still trading above the pivot point (0.9689). It continued to move downwards from the level of 0.9689 to the bottom around 0.9651. Today, the first resistance level is seen at 0.9728 followed by 0.9776, while daily support 1 is seen at 0.9651. The USD/CHF pair broke support which turned to strong […]
Canadian inflation and retail sales figures for August and July respectively are due on Friday at 1230 GMT. Market participants currently assign a near 80% chance for a rate hike by the nation’s central bank during its late October meeting, with a data beat having the capacity to seal the deal for such a move, […]
NZDUSD has been edging higher over the last three days, heading above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The price reached a new three-week high of 0.6662 earlier in the day, while the technical indicators are confirming the recent bullish bias in the short term. The RSI indicator entered the overbought zone, […]
The flash PMI releases for the Eurozone are due on Friday at 08:00 GMT but the indicators are not expected to inject much life into the single currency as growth in the region remains moderate at best. IHS Markit’s PMI gauges for the euro area’s manufacturing and services sectors have been losing steam since the […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and 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 […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s short term technicals are mostly green. Mid term indicators are mixed and 4 studies are neutral in the daily chart, which is matched by the less than 10% short interbank. Most of the […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s short term technicals are mostly green. Mid term indicators are mixed and 4 studies are neutral in the daily chart, which is matched by the less than 10% short interbank. Most of the […]
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand howCFDs work and 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 […]
Here are the latest developments in global markets: FOREX: The dollar index is down by 0.10% on Thursday after ending the previous session practically unchanged, failing to capitalize on a sustained surge in longer-term US bond yields. In the UK, the British pound had a turbulent ride amid Brexit news. Meanwhile, commodity-linked currencies such as the loonie, aussie, […]
EUR/USD is below very important long-term resistance. If EUR/USD manages to break and hold above 1.17-1.1730 area, we should expect a big upward move to unfold over the coming weeks towards 1.19-1.21. A rejection however and a break below 1.1620 will be a very bearish sign. Red line – long-term resistance Blue line – long-term […]
American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly replaced by increased pressure. As a result, at the time of writing Nikkei225 loses 0.6%, Heng Seng has fallen by 0.8%. Futures for S&P500 have lost 0.1% on Thursday morning, being near 2910 […]
USDJPY approached overbought levels according to the RSI and the Stochastics and pulled back after touching a two-month high of 112.44 on Wednesday, which is also a shy above the 78.6% Fibonacci retracement of the downleg from 113.15 to 109.76. In the short-term the trend is likely to hold on the upside as the price continues to […]
On 22nd October one of the biggest financial exhibitions opens its doors to event guests in Egypt, the Cairo Investment Expo, which XM will be proud to attend as Diamond Sponsor. The reputable Cairo Investment Expo is an event series due to be organized at City Star Intercontinental Cairo Hotel on 22-23 October 2018, which […]
Gold prices remains below resistance at $1,210 and inside the bearish channel. I believe the most probable outcome will be a break below $1,200-$1,195 short-term support for a move to new lows. Gold’s bounce from August lows looks more corrective than impulsive. Green lines – bearish channel Red line – short-term resistance Dark green line […]
Markets remain on edge amid escalating trade tensions on the US-China line, although at night in the major currency group there are no major changes. EUR / USD stopped near 1.1680, USD / JPY dropped to 112.20, and GBP / USD fluctuated around 1.3140. The most violate currency of the night session is the New […]
During the “civil dialogue” in the German-Dutch Army Corps in Munster Scholz said: ” I doubt if they currently have a perspective as a currency model”. He compared cryptocurrencies to tulipomania in the Netherlands in the seventeenth century, saying that “there is a great danger that it will be such a tulip inflation”. Scholz said […]
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Morning Report: 07.00 London The dollar index is on the back foot this morning, but is still the power currency as bond yields and stock markets help keep the Greenback in control. The AUD/USD is just about negative after two days of solid gains. The EUR/USD is also higher after a tight session yesterday. The […]
