• Silver rising inside minor corrective wave (ii) • Further gains are likely Silver continues to rise inside the minor corrective wave (ii) which started recently from the combined support zone lying between the key support level 15.30 (which has been reversing the price from the middle of July) and the lower daily Bollinger Band. […]
• NZDCHF broke support zone • Further losses are likely NZDCHF recently broke sharply through the support zone lying between the support levels 0.6650 (which stopped the previous impulse wave 1) and 0.6700 (which has been reversing the price from last November). The breakout of this support zone accelerated the active short-term impulse wave 3 […]
London Gas Oil futures have reversed back up again after finding support near the long-term ascending trend line. After the pullback on the 704.13 resistance level, the price came under pressure and started a downside rollercoaster. However, the weak picture in the short-term is further support by the technical indicators. But the technical indicators now support that the […]
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the broken uptrend as well as the lower limit of the depicted consolidation range. Shortly after, the price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990. The EUR/USD bulls failed to pursue towards higher bullish targets. […]
GOLD PRICES moved sideways in a tight range around $1214 per ounce amid Russia’s strong reaction to the US issuing new sanctions against it with China hitting back against the latest US tariffs and the British pound continuing to plunge on concerns of a hard Brexit, writes Atsuko Whitehouse at BullionVault. Dmitry Polyanskiy, first deputy […]
The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE’s latest forecasts. While a strong print could help the battered pound recover a little on the news, any sustained rally in the currency remains unlikely […]
NZD/USD is currently quite impulsive with the bearish momentum which is expected to lead the price towards 0.65 in the coming days. Despite the unchanged economic reports, the dovish nature of the Monetary Policy and Rate statement made NZD lose certain momentum against USD which is expected to lead to further weakness in the process. […]
AUD/USD has been quite corrective and volatile between the range of 0.73 to 0.75 area for a few weeks now. AUD has been quite positive with the recent economic reports which helped the currency to gain momentum in the process while USD is struggling with recent economic reports and Trade War situations. AUD has been […]
This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to midday. Euro/Dollar was slightly in the red after walking in a total range of 43 pips. Traded volume is average and neutral sentiment of the traders is 2% short. Both sides have seen […]
Here are the latest developments in global markets: FOREX: Sterling managed to rebound against the US dollar on Thursday, after it touched its lowest level in almost a year (+0.08%) on the back of growing worries of a no-deal Brexit, while euro/pound fell by 0.15%, dropping back below the 11-month high it posted earlier and the 0.90 handle. The rise in […]
Sterling, US and Canadian Dollar movers are on Friday’s Economic Calendar, so let’s take a closer look. A batch of UK reports open this agenda at 8:30 in the morning, including the high importance Preliminary GDP for the second quarter. According to the final revision, UK economy expanded by point 2% during the first three […]
Ross Gerber, CEO of Gerber Kawasaki and shareholder in #Tesla, told #IGTV’s Victoria Scholar that he is not thrilled about the idea of going private and we shouldn’t listen to the Tesla analysts because ‘every Wall Street analyst is dead wrong’ on the stock. #ElonMusk 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: […]
Trading recommendations: According to the 30M time frame, I found selling climax in the background, which signs that strength. I also found a successful testing of supply on low volume, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $6.479 […]
Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/dollar’s average spreads are slightly above the point 3 pip mark in all three time ranges. Maximum separation has been point 8 pips. Daily high and low difference is 47 pips and it was posted as the pair […]
Canadian employment numbers for July due on Friday at 12:30 GMT could add to the recent run of strong data for the North American economy. Jobs growth is expected to slow but remain solid in July, as the country enjoys a bounce in economic momentum amid strained relations with the United States and Saudi Arabia, […]
The US will release its Consumer Price Index (CPI) data for July on Friday, at 1230 GMT. Forecasts point to another mild, energy-driven acceleration in consumer prices. While such prints could prove positive for the dollar on the margin, for the currency to clearly resume its uptrend, it may require an upside surprise in inflation […]
Recently, the Gold has been trading downwards. The price tested the level of $1,211.52. According to the M15 time frame, I found the price got no power to sustain below the today’s pivot ($1,21.67), which is a sign that selling looks risky. I also found a bullish cross on the stochastic oscillator, which is another […]
Recently, the GBP/JPY has been trading downwards. The price tested the level of 142.32. According to the M15 time – frame and using the fx correlator (strength indicator), I found the GBP is the strongest intraday currency and that JPY is one of the weakest currencies. I also found a rejection of the pivot support […]
The Japanese economy will be under the spotlight on Friday as Japan’s Cabinet Office publishes data on second quarter GDP growth at 8:50 local time (Thursday, 23:50 GMT). A negative first quarter had put an end to a stretch of eight consecutive quarters of expansion. However, growth is expected to rebound in the second quarter […]
NZDUSD is posting an aggressive bearish rally over today’s session, recording a fresh 29-month low of 0.6641. The price plunged below the lower Bollinger Band in the 4-hour chart, suggesting an extension of the downward pressure. The momentum indicators are supportive of the negative picture, with the RSI falling into the oversold zone below 30 level and the MACD […]
To open long positions for EUR / USD, you need: The buyers try to keep the pair above the support level of 1.1585. However, its repeated test can lead to a new wave of sales of euro. In this case, to return to long positions is best to rebound from the support level of 1.1556. […]
Forecast for August 9: Analytical review on the scale of H1: For Gold, the key levels on the scale of H1 are: 1224.43, 1219.21, 1214.61, 1211.58, 1206.05, 1202.29, 1197.59 and 1194.35. Here, after the lifting of the upward structure of August 3, we follow the formation of the local structure of August 3. The continuation […]
To open long positions for GBP / USD, you need: The buyers were unable to return to the resistance level of 1.2959, which led to the sale of the pound. Considering long positions in the current situation is best after returning and consolidating above the resistance of 1.2916, which could lead to a GBP / […]
Last week, the pair is traded between two control zones, which determines the accumulation range. Yesterday, there was a test of NCP 1/2 1.1631-.1622, which led to an increase in supply and keeping prices below the zone. Yesterday’s test of NCP 1/2 1.1631-1.1622 allowed to open a short position. The first goal of continuing the […]
Today, the British pound and the euro resumed the decline after a slight upward correction, which was observed earlier this week. The absence of important fundamental statistics raises again the talk in the markets about the next interest rate hike in the US, and the actions of the White House administration, aimed at tightening trade […]
This August seems hot. Not only temperature but also currency market volatility is rising. The period of active vacations, which is accompanied by a decrease in volumes, this time result in increased volatility. So far we have seen this in the EM currencies that have been subjected to sanctions or tariffs from the United States. […]
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 […]
Let’s see how the interbank compares with the technicals at 8 AM GMT on this Thursday. Euro/Dollar’s hourly studies are mostly pointing South. Mid term models show mixed results and outlook is neutral in the long term. Interbank sentiment is bearish, just like the hourly signals. Pound/Dollar’s indicators are mostly red in all three time […]
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 US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and […]
