AUD/USD has been residing inside a corrective range between 0.73 to 0.75 area for a while now from where it is expected to push lower with the long-term trend in the coming days. USD has been quite mixed with the recent economic reports which lead the currency to struggle to maintain the momentum it had […]
The market is convinced that the Fed will raise interest rates eighth time in the cycle and the third this year at the meeting, which is scheduled for 26 September. Today’s meeting will not bring change in policy parameters and would normally not be absolutely controversial. It would not wake up if it were not […]
Recent IW Capital research has shown that 38% of Britons do not know basic knowledge about cryptocurrencies. What’s more, only 5% of the surveyed investors admitted that they actually made a profit. The general manager of the investment fund found this to be very worrying. The report assumes that the vast majority of the community […]
When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will release the Economic Data too, such as Federal Funds Rate, Total Vehicle Sales, Crude Oil Inventories, ISM […]
In Asia, Japan will release the Final Manufacturing PMI data, and the US will release some Economic Data such as Federal Funds Rate, Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, and ADP Non-Farm Employment Change. So there is a probability the USD/JPY will move […]
https://pepperstone.com/en/forex-news/market-review -GBP, ZAR and CNY give ground to the US currency. -BTC is back below 8000 and some. -Apple revenues blow past expectations. -Manufacturing PMIs in Asia fail to impress. -The Fed meets tonight. -Is Chinese PMI data in transition or a warning signal? The overnight changes and price moves to be aware of by […]
EUR/NZD tried to break above short-term important resistance at 1.7205 but failed. We think it is just a matter of time before a new attempt to break above this resistance is seen. A firm break above resistance at 1.7205, will confirm that red wave ii has completed and that red wave iii towards 1.7510 and […]
EUR/JPY has rallied nicely of the 129.09 low and the break above resistance at 130.44 confirmed that red wave ii has completed and red wave iii now is developing towards 135.74 and higher longer term. The next resistance to look for is seen at 131.71. Once broken the way higher to 135.74 should be right […]
4h The GBP/USD pair on the 4-hour chart made a reversal in favor of the British currency after the formation of a bullish divergence in the CCI indicator, and began the growth process in the direction of the Fibo level of 161.8% – 1.3301. On July 31, there are no new brewing divergences. The passage […]
European statistics could not please the bulls of the euro/dollar pair on Tuesday with positive figures. Many of the advantages of the day’s releases were crossed out by data on the growth of European GDP – this indicator in quarterly terms slowed to 0.3%, in annual terms – to 2.1% (experts expected growth to 0.4% […]
Due to Saudi Arabia’s export problems in the Red Sea and information about the previous later than anticipated recovery times in the North Sea, oil was able to lick some of the wounds received in July. Brent and WTI close the month in the red zone amid a strong dollar, growing risks of slowing global […]
• CADJPY broke key resistance level 85.70 • Further gains are likely CADJPY continues to rise after the recent breakout of the key resistance level 85.70 (which has been steadily reversing the price from the start of June, as can be seen from the daily CADJPY chart below). The breakout of the resistance level 85.70 […]
• Sugar broke major support level 10.80 • Further losses are likely Sugar today broke below the major support level 10.80 (which stopped the previous sharp medium-term impulse wave (1) at the end of April, as can be seen from the daily Sugar chart below). The breakout of the support level 10.80 is aligned with […]
Founder of McAfee cybersecurity John Mcafee has teamed up with Bitfi to make a crypto wallet. John McAfee tweeted he would give $100,00 to anyone who can hack his crypto wallet. are you ready for the challenge? You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#252643 Смотрите Dukascopy […]
Last week it became obvious that the Bitcoin had big difficulties with further growth above $8000. During the weekend it held above $8,200 mark, but yesterday it suddenly fell below $7900. Most likely, it was “a belated reaction” on SEC refusal to launch the Bitcoin ETF. Nevertheless, shortly after this rollback new buyers entered the […]
The US Federal Reserve will announce its latest rate decision on Wednesday at 18:00 GMT when the Federal Open Market Committee (FOMC) concludes a two-day policy meeting. After the move in June when the Fed lifted rates to a range of 1.75-2.00%, no change in policy is expected this month. The absence of a press […]
Analysis of wave counting: During the trades on Monday, the currency pair EUR / USD added about 50 percentage points and is still traded inside a tapering corridor. The fifth time the pair tested the upper line forming the corridor, and the attempt of its breakthrough is again unsuccessful. If the next attempt is still […]
EUR / USD Uncertainty, which lasts for quite a long time, is preserved. The initiative is now on the side of the players to raise, they again rose to the resistance of 1.1708 (the monthly Fibo Kijun) and make an attempt to gain a foothold in the daytime cloud. The way out of the zone […]
GBP / USD The British pound on Monday succumbed to the influence of the euro, but grew by less than 22 points. The growth was stopped by the resistance of the trend line on the daily chart and the expectations of the meeting of the Bank of England on Thursday. The market probability of raising […]
Forecast for July 31: Analytical review on the scale of H1: According to Gold, the key levels on the scale of H1 are: 1250.88, 1242.62, 1239.59, 1235.48, 1229.05, 1220.96, 1218.14 and 1213.01. Here, we follow the formation of the upward structure of July 19. The continued upward movement is expected after the breakdown of 1229.05. […]
Dear colleagues. For the currency pair Euro / Dollar, the price forms a local potential from July 27 to continue the upward trend. For the Pound / Dollar currency pair, the price is in correction and the continuation of the upward movement is expected after the breakdown of 1.3167. For the currency pair Dollar / […]
A few weeks ago, today’s interest rate decision by the Bank of Japan (BOJ) was a non-issue to many traders. This changed a week ago when rumours emerged that the bank would change its language and signal when an interest rate would come. In today’s monetary policy statement, the bank did not offer this guidance […]
The Euro is rising against the dollar and other pairs as the data from the EU point to a stable economy. Earlier today, data from France showed that the consumer prices rose by an annual rate of 2.3% in June. This was higher than the expected 2.2%. In the EU area, the CPI rose by […]
Tesla’s earnings report for Q2 2018 will be going public after the US market close on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the average consensus recommendation of the Auto & Truck Manufactures peer group. The electric-vehicle maker’s earnings per share are anticipated to stand at -$2.89 during the […]
Tesla stock has lacked clear directional movement over the past month. However, it is worth mentioning that the 50-day simple moving average (SMA) is ready for a bullish crossover with the 200-day SMA, indicating bullish pressure. The technical indicators, in the short term, seem to be in confusion as the RSI indicator is sloping slightly to the upside in the […]
Global markets were mostly mixed as investors adopted a guarded approach ahead of the Federal Reserve policy meeting. The caution can be reflected across currency markets with the Dollar struggling for direction. In the commodity arena, Gold remains pressured mostly due to US rate hike expectations. With the economic calendar fairly light today following the […]
This Wednesday is a Manufacturing PMI and US Monetary Policy Announcement day, so let’s take a closer look with the Dukascopy Economic Calendar. UK Nationwide House Price Index for July is out first at 6 o’clock in the morning. Prices were up by a half a percent month on month in June, but annual growth […]
WTI futures have been standing above the short (since July 18) and long-term (since June 21, 2017) ascending trend lines suggesting a possible strong upside momentum after the strong bounce off the 75.24 resistance level. However, over today’s session, the price posts limited losses approaching the 20-simple moving average (SMA) of 69.46 in the 4-hour […]
The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred on April 23. Breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already.The price level of 0.7050 was considered a key-level […]
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. […]
