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 […]
To open long positions for EUR / USD pair, you need: The trade remained in the side channel, and the breakthrough of the resistance level at 1.1690 in the morning has again not helped the buyers. Now, we can count on retaining the support at 1.1656. It is best to open long positions in euros […]
The Bank of Japan expectedly kept the key interest rate unchanged, which is quite logical in the current economic conditions of the country, as well as the general situation in the world where the US-inspired trade wars play the main “violin”. According to the data provided, the key interest rate was retained at 0.1%, and […]
The European currency has made another unsuccessful attempt today to break above the highs of this month, which again led only to a sharp fall in the area of yesterday’s lows. Such sharp fluctuations are taking place against the backdrop of the tightening of the trade war between the US and China, which makes investors […]
To open long positions for GBP/USD, it is required: It is best to consider long positions in the GBP/USD pair today in the first half of the day after the formation of a false breakout in the support area of 1.3126 or on a rebound from the larger lows of 1.3074 and 1.3026. Much will […]
The growth of the oil market, the resumption of negotiations on NAFTA, successful talks between South Korea and North Korea, the changed rhetoric of Trump and, finally, the hawkish position of the Bank of Canada – all these fundamental factors led to the downward impulse for the USD/CAD pair, after which the Canadian strengthened to […]
To open long positions for GBP/USD, it is required: Buyers coped with the task for the first half of the day, breaking through the resistance of 1.3175, which I paid attention to in my morning review, and reached a new high of 1.3214, where I recommended to lock in the profit. This was helped by […]
• Platinum broke resistance zone • Further gains are likely Platinum continues to rise after the earlier breakout of the resistance zone lying between the key resistance level 810.00 (which has been reversing the price from the end of August, as can be seen below) and the 50% Fibonacci correction of the previous sharp downward […]
• AUDUSD reversed from support zone • Further gains are likely AUDUSD recently reversed up from the support zone lying between the key, long-term support level 0.7200 (which has been reversing the price from the middle of 2016, as can be seen from the weekly AUDUSD chart below) and the lower weekly Bollinger Band. The […]
As the leaders of the EU gather in Austria today, British PM May hopes to convince them of the merits of her Chequers plan, in an attempt to lay the groundwork for a breakthrough in the Brexit negotiations. While no formal announcements will be delivered, sterling could still prove sensitive to any relevant remarks. Going […]
The Swiss National Bank release their monetary policy statement quarterly. There have been cases, when this event has resulted in a significant market impact. The central bank announced that it will enforce the minimum exchange rate of CHF 1.20 per Euro set on 6th of September, 2011. This limit was then discontinued in January of […]
GBPAUD has come under renewed selling pressure after it created a fresh almost 5-month low, falling back below the 1.8375 resistance level, but remaining above the 20- and 40-simple moving averages (SMAs) in the daily chart. Despite the latest pullback though, the pair has not posted a fresh lower low, which makes one hesitant to […]
The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar returned back at the opening level after walking in a total range of 59 pips. Turnover is high and sentiment of the traders is neutral, almost standing at an even balance. Trend has changed a couple of times, […]
The Swiss National Bank (SNB) is widely expected to keep its ultra-loose policy unchanged when it announces its rate decision on Thursday at 0730 GMT. Investors will look for hints on whether a 2019 rate increase is a realistic scenario. While Swiss economic data are painting a rosier picture, it’s probably too early for such […]
Trading recommendations: According to the H1 time – frame, I found the breakout of the intraday support trendline, which is a sign that sellers are in control. I also found the next potential support level at the $6.208 (upward trendline) and my advice is to watch for selling opportunities. The downward targets are set at […]
GOLD ETF share prices popped to their highest level this week so far, tracking the price of bullion’s rise to $1205 per ounce as US data showed an unexpected plunge in the number of new home-building permits issued last month. New UK data also surprised traders and analysts this morning, showing the strongest rate […]
EURJPY created a higher high earlier today, posting a fresh two-month peak of 131.67. Currently, the price is moving above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating a possible upside extension. However, the technical indicators have lost their strong positive momentum as they are flattening. The stochastic oscillator is moving sideways […]
Here are the latest developments in global markets: FOREX: In the wake of upbeat UK inflation readings, sterling advanced considerably against the greenback to an 8-week high of 1.3214. The Consumer price index rose to an annual rate of 2.7% from 2.5% in the previous month and comfortably above market expectations of 2.4%. It was the […]
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 […]
