EUR/GBP has been impulsive with the recent bullish gains which lead the price to reside at the edge of channel resistance below 0.90 resistance area. Though the bullish pressure was quite impulsive it has left certain traces in the process which does indicate certain bearish intervention to be observed in the coming days. GBP has […]
Jerome Powell Testimony On Tuesday, the new head of the Federal Reserve, Jerome Powell, made a regular semi-annual report to the US Congress. This is his second appearance as Fed Chairman. The report or testimony of the head of the Fed on the state of the economy and monetary policy will come out within two […]
The expected correction in wave ii/ is developing like hoped. We will be looking for more downside pressure towards the 38.2% corrective target at 170.67. Normally a wave two correction would be deeper, but as we are in wave iii we should be aware that correction tends to be smaller than normal. Longer term, we […]
Red wave iii likely peaked at 131.99 and a correction towards 130.76 and maybe even closer to 130.10 should be expected in red wave iv. Short-term a break below minor support at 131.41 will confirm that red wave iii has completed and red wave iv is developing. Longer term, we remain bullish for much more […]
Dear colleagues. For the Euro/Dollar pair, the price forms the potential top of July 13, the dynamics are expected to increase after 15:00. For the Pound/Dollar pair, the price forms the potential top of July 13, while the development of the structure can be expected at 10:00 – 12:00 and the breakdown at the 1.3248 […]
The head of the Federal Reserve made it clear that he considers it a mistake to raise the tariffs on goods. During the semi-annual report in Congress on July 17, the head of the Fed Powell was asked the main question of recent months: What does he think about the increase in trade duties on […]
The World Cup is over no more beers in the sun time to calculate the costs You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#251115 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
With the UK jobs report coming in line with forecasts, with the unemployment rate remaining at its lowest since the 1970s and average earnings inching down, the next challenge for sterling will come on Wednesday when the Office for National Statistics is scheduled to report June’s inflation readings before it updates retail sales figures for the same month on Thursday. While inflation is […]
To open long positions for EUR / USD, you need: Break and consolidation above 1.1724 level will be a good signal for euro purchases, and while the trade will be conducted above this range, one can count on the continuation of the upward trend with the renewal of resistance 1.1756 and the exit to the […]
Stocks markets were mostly mixed while the Dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s Congressional testimony. The Pound weakened despite the UK jobs report meeting market expectations while Gold remained pressured. Although global trade developments remain a dominant market theme, investors will direct most of their attention towards Powell. The Dollar has scope […]
• CHFJPY broke resistance zone • Likely to rise further CHFJPY recently broke through the resistance zone lying between the key resistance level 112.00 (which has reversed the price multiple times from March) and 38.2% Fibonacci correction of the previous downward impulse (3) from February. The breakout of this resistance zone accelerated the active short-term […]
• WTI broke support zone • Likely to fall further WTI recently broke below the support zone lying between the round support level 70.00 and 50% Fibonacci correction of the previous sharp upward impulse 3 from June. The breakout of this support zone accelerated the active short-term impulse wave C which belongs to the ABC […]
Platinum is one of the most important industrial metals in the world. It is used in large machines and vehicles as a catalytic converter. It is found in most combustion engine vehicles. Platinum is also seen by some investors as being a precious metal though it does not come close to gold. In countries like […]
The Australian Dollar rose against the US dollar today after the Reserve bank of Australia (RBA) released the minutes of the monetary policy meeting held on 3rd of July. In the minutes, the officials reiterated their confidence on the country’s economy. In the first quarter, the country’s GDP rose by 3.1 per cent which was […]
Australian employment data for June will hit the markets on Thursday, at 0130 GMT. The forecast is for another solid jobs report, which would confirm the RBA’s view that the labor market continues to tighten and could help the aussie rebound somewhat. Besides economic data, the other major consideration for the battered Australian currency will […]
IBM’s earnings report for Q2 2018 will be made public after the closing bell on Wall Street on Wednesday. The consensus recommendation for the company is “hold”, which negatively compares to the “buy” average consensus recommendation for the IT Services & Consulting peer group. The multinational tech company is anticipated to have made $3.04 […]
Goldman Sachs stock price turned bullish as it penetrated the descending trend line to the upside and hit the 50-day simple moving average (SMA), which is acting as a strong resistance level for the bulls. The latest price movement shifts the bearish picture to bullish and the short-term technical indicators are confirming the scenario for upside pressure. […]
Calendar starts off with some potential Sterling shakers on this Wednesday, so let’s take a look. The high importance UK Consumer Price Index for June will be available at 8:30 along with a couple more publications. The overall inflation stood unchanged at 2.4% in May. Rising motor fuel prices produced the largest upward contribution. Producer […]
Morning session is over on this Tuesday, so let’s find out how the sentiment of the traders compares with the actual rate shifts. Euro/Dollar shows limited rate movement of just 44 pips, but the pair has still managed to attract an average amount of funds. Neutral sentiment of the traders is leaning towards the long […]
GOLD PRICES failed to hold a $5 overnight rally in London trade Tuesday morning, slipping back below $1240 per ounce as US Federal Reserve chief Jerome Powell prepared to appear before Congress to speak on monetary policy. Ahead of Powell’s semi-annual testimony, betting on the Fed raising its key interest rate twice more in […]
Here are the latest developments in global markets: FOREX: The US dollar was trading higher at 112.48 against the Japanese yen (+0.20%) ahead of the Federal Reserve Chairman Jerome Powell’s semi-annual testimony on the economy and monetary policy. Overall, the dollar index was weaker against a basket of six major currencies (-0.03%) and is set to post the […]
Overview: The resistance is seen at the level of 0.7474 (which concides with the double top). The AUD/USD pair fell from the level of 0.7474 towards 0.7348. But, the price rebounded from the bottom of 0.7348 to trade around the spot of 0.7474 again. The resistance is seen at the levels of 0.7474, 0.7513 and […]
Overview: The EUR/USD pair continues to move downwards from the level of 1.1752 (around the pivot point). This week, the pair has dropped from the level of 1.1752 to the bottom around 1.1678. Today, the first support level is seen at 1.1694, the price is moving in a bearish channel now. Furthermore, the price has […]
Check how fair your trades have been executed on this Tuesday by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 35 pips and peak separation has been 1.3 pips. The pair climbed above the 1 17 level as it gained point 44% or 51 pips. Spreads were slightly bumpy yesterday at […]
Trading recommendations: Recently, Bitcoin has been trading upwards. As I expected, the price tested the level of $6.718. According to the H1 time – frame, I found strong demand on the market and potential running flat correction, which is a sign of strength. My advice is to watch for potential buying opportunities. The upward target […]
Recently, Gold has been trading upwards. The price tested the level of $1,244.00. According to the H1 time – frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found a fake breakout of the low at the price of $1,237.00 and hidden […]
Recently, EUR/USD has been trading upwards. The price tested the level of 1.1737. According to the H1 time – frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found potential completion of the downwrad corrective phase (abc), which is another sign of […]
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. […]
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 […]
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