Interruptions in supplies in Libya, Venezuela, Canada and Norway, Iran’s threats to block the Strait of Hormuz, and some weakness of the US dollar after the release of the US labor market report for June allowed the bulls for Brent and WTI to continue the rally. If oil can update the May highs, the road […]
The GBP weakened again because of the disappointing industrial production statistics. In May, instead of growing by 0,5% the index suddenly lost 0,4% after the sharp fall by 1.0% in April. The GBPUSD pair decreased to the minimums area at around 1.3230 shortly after the British data had been published. As the positive impact of […]
Crytalgo CEO, Francisco Portillejo Hoyos, tells IG that regulation in the cryptocurrency space is coming. He says the current volatility is ‘justified’ and will continue until the crypto market has more clarity on the regulatory environment. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Buying vs trading cryptocurrencies: https://www.ig.com/uk/cryptocurrency-trading/cryptocurrencies-buying-vs-trading?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 access […]
• USDJPY broke key resistance level 111.00 • Likely to rise further USDJPY today broke above the key resistance level 111.00 (which has been reversing the price from the middle of May, as can be seen from the daily USDJPY chart below). The breakout of the resistance level 111.00 accelerated the active minor impulse wave […]
• Platinum reversed from resistance zone • Likely to fall further Platinum recently reversed down from the resistance zone lying between the key resistance level 860.00 (former strong support from June) and the 50% Fibonacci correction of the previous downward impulse from the middle of June. The downward reversal from this resistance zone started the […]
Microsoft stock prices have been making higher highs and higher lows since the end of September 2017 when it touched the 73.00 psychological level in the medium-term. The technical indicators, continue to send bullish signals, suggesting that the strength in the market is not over yet. Technically, in the daily timeframe, the price has successfully surpassed the 20- […]
The Bank of Canada (BoC) is widely expected to raise interest rates when it announces its policy decision on Wednesday, at 1400 GMT. What is much more uncertain, however, is whether policymakers will also highlight their support for further hikes in the coming months amid a relatively strong domestic economy, or whether boiling trade tensions […]
West Texas Intermediate (WTI) crude oil futures seem to have lost momentum since hitting the 75.24 multi-year high on July 3. Price action is at the moment taking place above the 20- and 40-simple moving averages in the 4-hour chart after they recorded a bearish cross but are currently pointing up. Looking at momentum indicators, the […]
In April, the EUR/AUD pair expressed a significant bearish movement that extended between the price level of 1.6110 down to 1.5280. Since June 6, the pair has been trending-up above the depicted uptrend on the H4 chart. This depicted bullish movement was initiated around 1.5280. Recently, the evident bearish pressure was initiated around 1.5880. This […]
The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until the 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 […]
We have a couple of key monetary policy maker speeches and a rate announcement on this agenda, so stay with us. A high importance speech by the European Central Bank President Mario Draghi in Frankfurt opens this agenda at 7 o’clock in the morning. Then the June US Producer Price Index figures will be released […]
GOLD PRICES fell in London trade Tuesday, losing 1.5% from yesterday’s 2-week Dollar high before rallying to $1250 per ounce as US President Donald Trump began a 7-day trip taking in Nato’s HQ in Brussels, dinner with Queen Elizabeth II in London, his own golf course in Scotland, and a meeting with Russia’s President Vladimir […]
The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has declined by 73 pips to trade point 43% in the red at 12 o’clock. Traded volume is average and neutral sentiment of the traders is 4% long. Steep decline suggests a successful morning session for those who […]
Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained 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 where a descending high was established. However, the EUR/USD bulls […]
Global macro overview for 10/07/2018: The UK industrial data disappoints The data set from Great Britain is slightly unsatisfactory. In May, industrial output unexpectedly fell 0.4% m/m against an expected increase of 0.5%. Production output also fell less, growing by 0.4% (exp. 0.7%). The statistical office also started monthly publications on GDP dynamics – in […]
The German ZEW index was weaker than anticipated by the global investors. The outlook assessment disappointed with a worse result: -24.7pts. (versus – 18.9 points expected). The current assessment was also worse (72.4 points versus 78.1 points expected). There are no major changes on the European market. Investors cannot decide which way to go. CAC40 […]
Overview: The pivot point is seen at the point of 1.3190 on the H1 chart. The USD/CAD pair continues to move downwards from the level of 1.3190, which represents the double top on the H1 chart. Last week, the pair dropped from the level of 1.3190 to the bottom around 1.3130. Today, the first resistance […]
Overview: The EUR/USD pair continues to move downwards from the level of 1.1785. Yesterday, the pair dropped from the level of 1.1785 to the bottom around 1.1705. Today, the first support level is seen at 1.1694, the price is moving in a bearish channel now. Furthermore, the price has been set below the strong resistance […]
Here are the latest developments in global markets: FOREX: The British pound had a negative ride after the resignation of the UK Foreign Minister, Boris Johnson on Monday, because of disagreements with the Prime Minister, Theresa May, over the Brexit strategy. Also, pound/dollar reversed today’s gains in the wake of worse-than-expected industrial and manufacturing production figures, moving slightly lower by […]
USD/JPY has been quite corrective and volatile at the edge of 110.50 area earlier, which is currently quite impulsive with the bullish momentum recently heading quite quickly towards 112.00 area. Though JPY has been quite positive with the recent economic reports but it failed to sustain the momentum to gain further against USD in the […]
Trading recommendations: Recently, Bitcoin has been trading downwards. The price tested the level of $6.420. According to the H1 time – frame, I found a breakout of the upward trendline in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence on MACD oscillator in the background, […]
This is the Dukascopy Spike Controller for Tuesday, where we take a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 36 pips and both of the sides moved point 9 pips apart during the past 4 hours. The pair has been on a bearish run, moving South by a […]
Supermarkets continue to load their shopping trolleys with deals as Tesco announces a strategic alliance with European giant Carrefour. The sector is awash with mergers and partnerships, but what does it mean for supermarkets and what’s in store for the wider industry? Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about Tesco and Carrefour: https://www.ig.com/uk/shares-news/tesco-and-carrefour-team-up-amid-sainsburys-asda-deal-180705?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom […]
The British Pound (GBP) has recovered much of the losses from yesterday as fears over a challenge to Prime Minister Theresa May’s leadership following the resignation of two ministers have diminished. It is thought that May would win a party confidence vote, however if further compromises were made with Brussels during Brexit negotiations, the issue […]
Recently, Gold has been trading downwards. The price tested the level of $1,253.00. According to the H1 time – frame, I found a potential completion of downward correction (abc flat), which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence in the background, which is another sign […]
Recently, GBP/USD has been trading downwards. The price tested the level of 1.3179. According to the H1 time – frame, I found a broken upward trendline in the background and potential completed flat upward correction (abc flat), which is a sign that buying looks very risky. My advice is to watch for potential selling opportuntiies […]
To open long positions for the EUR / USD pair, you need: In the morning, it’s better not to rush into buying the euro. The optimal signal for long positions will be the update of yesterday’s lows with a return to the support level of 1.1736 and the main goal of updating this week’s high […]
The wave pattern of the H4 graph: Since January 26, the trend is bearish and the price reached the likely turn in the upper limit of the calculation area. The structure of the wave is not complete. The wave pattern of the graph H1: In the wave of June 6, an average corrective part was […]
This pair has now found some support at 0.73100 and buyers have stepped into the breach to prop price up. The pair has been traded on trade war tensions, with the US implementing sanctions against Australia main export market for natural resources, China. Thus headlines concerning these developments are of great importance to this pair. […]
West Texas Intermediate (WTI) crude oil futures seem to have lost momentum since hitting the 75.24 multi-year high on July 3. Price action is at the moment taking place above the 20- and 40-simple moving averages in the 4-hour chart after they recorded a bearish cross but are currently pointing up. Looking at momentum indicators, the […]
