The Bank of England will announce its latest policy decision at 11:00 GMT on Thursday after concluding its two-day meeting. After last month’s rate rise of 25 basis points, no change in policy is anticipated at the September meeting. However, analysts will be looking to see if the Bank maintains its guidance of further “gradual […]
Here are the latest developments in global markets: FOREX: During the early European session, the dollar was slightly weaker against the yen at 111.47 (-0.13%), while the dollar index also stood marginally lower at 95.16 (-0.09%) as investors were cautious about whether Washington will proceed with further import tariffs against China, potentially forcing Beijing to take countermeasures as well. In […]
Recently, the USD/CAD has been trading downwards. The price tested the level of 1.3041. Anyway, according to the M30 time frame, I found exhausted sellers and a potential trap for sellers. The price stopped on the support trendline and that is a sign of strength. Watch for buying opportunities. The breakout of the supply trendline […]
EUR / USD To open long positions for EUR / USD, you need: Buyers got to the resistance levels in the first half of the day, and then expectedly left the market. Currently, the support is provided by the area of 1.1579, and while the trade is above this level, the demand for the euro […]
Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2964. According to the M30 time – frame, I found the breakout of the support trendline in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence on the MACD […]
The latter part of this week will bring key US data releases, with CPI inflation figures hitting the markets on Thursday and retail sales prints due out on Friday, both at 1230 GMT. Forecasts point to a mild cooling in inflationary pressures and a slight slowdown in retail sales, which combined, may weigh on the […]
Forecast for September 11: Analytical review of currency pairs in the scale of H1: For the EUR / USD currency pair, the key levels on the scale of H1 are: 1.1725, 1.1694, 1.1673, 1.1649, 1.1618, 1.1601, 1.1573 and 1.1525. Here, we follow the formation of the upward structure of September 10. The continued upward movement […]
To open long positions for GBP / USD, you need: Bulls missed the market, and for the resumption of the upward movement, a return and consolidation above the resistance level of 1.3020, so desperately defended by the sellers, is required. Only after that it will be possible to count on a repeated wave of growth […]
The next escalation of tension in the trade war between Washington and Beijing again forces investors to show a high degree of caution, which affects the demand for risky assets, and first of all for the shares of companies. The latest economic statistics from both the US and China showed that the efforts of D. […]
#ECB nervousness could put downward pressure on the #Euro, says IG’s chief market analyst Chris Beauchamp. Meanwhile Beauchamp says that while #Draghi’s successor remains an ‘unknown unknown’, a more hawkish ECB could spell trouble for peripheral Europe. 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 We provide fast and flexible […]
• AUDCAD falling inside impulse wave 5 • Further losses are likely AUDCAD continues to fall inside the short-term impulse wave 5, which started earlier from the resistance area lying at the intersection of the key resistance level 0.9500 and the lower trendline of the recently broken weekly down channel from 2017. The downward reversal […]
• Soy reversed from resistance area • Further losses are likely Soy recently reversed down from the resistance area lying between the key resistance level 845.00 (former support from August) and the 38.2% Fibonacci correction of the previous short-term ABC correction B from the end of July. The downward reversal from this resistance area stopped […]
The Dukascopy TV continues its ongoing quest for fair market conditions with Wednesday’s Spike Controller. Euro/Dollar’s long term average spread is point 33 pips and peak separation of 4.2 pips was posted during the past 4 hours. The pair gained point 42% or 48 pips, but some of the gains have been given up. Spreads […]
Overview: Pivot point: 0.7143. The AUD/USD pair fell from the level of 0.7186 towards 0.7100. Now, the price is set at 0.7123. On the H4 chart, the resistance is seen at the levels of 0.7186 and 0.7239. Volatility is very high for that the AUD/USD pair is still expected to be moving between 0.7143 and […]
Overview: The NZD/USD pair continues to move downwards from the level of 0.6580. Yesterday, the pair dropped from the level of 0.6580 to the bottom around 0.6498. But the pair has rebounded from the bottom of 0.6498 to close at 0.6520. Today, the first support level is seen at 0.6452, the price is moving in […]
4-hour timeframe Amplitude of the last 5 days (high-low): 92p – 90p – 53p – 98p – 90p. The average amplitude for the last 5 days: 85p (74p). The EUR / USD currency pair traded without a definite trend on Tuesday, September 11. At the beginning of the day, it grew followed by a decline. […]
Morning Report: 07.00 London The US dollar is strengthening as trade war fears increase again, index is on the rise after a volatile session yesterday. The biggest effect is being seen on the AUD/USD, as the Aussie slips back to 26 month low against the US dollar on fears that trade disputes will hit China’s […]
Australian employment figures for August are due on Thursday at 0130 GMT, with the economy expected to be a net creator of jobs following July’s negative employment growth. The Aussie is on the receiving end of considerable pressure stemming from growing concerns for a full-blown trade war between the US and China, as well as […]
EURJPY has been trading sideways after the drop below the 129.97 resistance level, which currently acts as a major obstacle for the bulls. Currently, the price is moving above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, indicating a possible upside extension. Moreover, the RSI is pointing south above 50 level, while the MACD is moving […]
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 […]
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 […]
These are the Dukascopy Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has 5 neutral signals in both the 1 and 4-hour charts. Daily models show mixed results. Interbank sentiment is bearish at close to 23% short. Pound/Dollar’s hourly studies are mostly neutral. Mid term […]
Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a […]
Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following strong macroeconomic statistics. MSCI for Asia-Pacific region has been updating its lows since July 2017, losing 0.5% on Wednesday. Hong Kong’s Hang Seng loses 0.2% but is also in the area of 14-month lows. Both of […]
AUDUSD has been making lower highs and lower lows since the end of January when it touched the 0.8135 resistance level. On Tuesday, the pair recorded a fresh more than the two-and-a-half-year low of 0.7084, while price action is at the moment taking place not far above this trough. The technical indicators, though, continue to send […]
Despite the generally positive mood on Wall Street (SP500 + 0.37%), Asian markets have not decided to maintain their sentiment and are now falling down towards 14-month lows, because the concern over the escalation of the US-China trade dispute is coming up. Chinese Shanghai Composite losing 0.2-0.3% during most sessions, although at the end of […]
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During the next week, the global investors will find out whether the leaders of the European Union will agree to the Brexit proposal presented by the United Kingdom. There are rumors in the financial press that if the plan is rejected, the parliament will want to dismiss Theresa May. A group of over 50 parliamentarians, […]
The Central Bank of South Korea (BoK) warned the public about the possible emergence of the so-called “kimchi bonus” – a phenomenon involving the difference between crypto prices on the exchanges in South Korea and cryptocurrency exchanges abroad. “Premium kimchi” is reportedly mainly seen in terms of the BTC price. Kim Dong-Sup, an official responsible […]
The 1.7820 targets have now been tested. The question is whether this was the top of red wave iii and a correction in red wave iv is needed now? We have seen a quite massive negative divergence being build in the run higher to 1.7820, so it should come as no surprise if a minor […]
