• Cotton reversed from support area • Likely to rise further Cotton recently reversed up from the support area lying between the key support level 0.8200 (which stopped the previous minor correction 2 in May), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from February. The upward reversal from […]
Beverage company PepsiCo will be releasing its Q2 earnings report before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, with the average consensus recommendation for Non-Alcoholic Beverages, its peer group, being a “hold”. The firm’s release constitutes one of the first of the upcoming earnings season, with big banks being […]
EUR/JPY has quite impulsive and non-volatile with the bullish gains recently which lead the price to break above 129.50 area with a daily close. Though JPY has been struggling earlier with the economic reports but this week JPY has been quite positive with the economic results which are expected to help further bearish gain in […]
As the pound enjoys a bounce on hopes of a soft Brexit, a flurry of data out of the UK on Tuesday could provide the currency with more reason for cheer if they confirm a rebound in growth in May. With a Bank of England policy meeting just three weeks away, the monthly growth data […]
GOLD PRICES rose $10 to a 2-week high of $1265 on Monday morning while the Dollar slipped as new US-Chinese trade tariffs began and the UK’s chief Brexit negotiator resigned over the Government’s plan for a trade deal with the EU, writes Steffen Grosshauser at BullionVault. The US and China started the first round […]
I’m Kiays Khalil and this is the Dukascopy Economic Calendar with the potential FX market movers scheduled for publication on Tuesday. It’s busy with news reports regarding the UK economy at 8:30 in the morning, including the new model from ONS, where GDP figures will now be released on a monthly basis, providing policy makers […]
AUDNZD has come under renewed buying interest on Monday, snapping three losing sessions as it opened with a gap up. Before the bearish retracement, the price challenged a five-month high of 1.0990 but quickly gave back its gains. The price is developing above the medium-term moving averages in the daily timeframe, while the technical indicators are endorsing the bullish […]
The morning session is over on this Monday, so let’s see how things are shaping up for traders. Euro/Dollar has been trending slowly up towards the 1 18 level. Turnover is low and sentiment of the traders is neutral, 8% short. Gradual uptrend has provided profit opportunities for bullish market players. Pound/Dollar rose by a […]
A “Goldilocks” US jobs report on Friday created positive sentiment and boosted US equity indices. The jobs report showed solid growth with little underlying inflation pressures and so the market is not expecting faster rate hikes from the Federal Reserve. Moreover, the US stock market investors appeared to show little concern about the developing trade […]
GBPCAD The GBPCAD pair is moving higher this morning after UK’s Brexit Secretary resigns overnight ratcheting up political pressure on Theresa May’s government. The 1.74420 level is being tested as resistance with a break above this area testing 1.74617 followed by the 1.75000 area. A move higher would look to the 1.75540 zone with the […]
Dr Richard Windsor, from Radio Free Mobile, says that, even taking the best valuations for each part of Xiaomi, because it is not just a smartphone maker, he says that his team came up with a best case valuation of $42.6 billion, far short of the IPO capital valuation. Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: […]
Here are the latest developments in global markets: FOREX: Sterling opened with a positive gap today, following news that the UK Brexit Secretary, David Davis, has resigned. UK Prime Minister Theresa May appeared to have agreed with her cabinet on the Brexit plan on Friday. On Monday, pound/dollar advanced by 0.42%, rising to a 3-week high of 1.3362, […]
Overview: The pivot point : 0.9857. The price is still trading above the pivot point is seen at the price of 0.9857. The USD/CHF pair faced resistance at the level of 0.9943. The strong resistance has been already formed at the level of 0.9943 and the pair is likely to try to approach it in […]
Overview: 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 0.7554. Moreover, the price area of 0.7474/0.7513 remains a significant resistance zone. Therefore, there is […]
Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]
Trading recommendations: Recently, Bitcoin has been trading sideways at the price of $6.660. Anyway, acccording to the H1 time – frame, I found a bullish flag pattern in progress, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities if you see a valid breakout of the bullish […]
Recently, USD/JPY has been trading sideways at the price of 110.45. According to the H1 time – frame, I found a potential end of the upward correction (abc flat), which is a sign that buying looks risky. My advice is to watch for a potential breakout of the support trendline to confirm further downward continuation. […]
Recently, GBP/USD has been trading upwards. As I expected, the price tested the level of 1.3362. According to the H1 time – frame, I found a broken resistance at the price of 1.3312, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are […]
Start your trading week right and compare your broker’s price feed with the Dukascopy Spike Controller’s benchmark interbank price data. Euro/Dollar’s long term average spread is point 45 pips and peak separation of point 9 pips took place during the past 4 hours. The pair has moved slowly up, towards the 1 18 level as […]
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 […]
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. 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 failed to […]
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:EUR/USD: trading plan for the US session on April 16th… April 16, 2024 In my morning […]
Trade wars have taken off seriously, while the financial markets continue their positive rebound. The last word has not yet been spoken, so the durability of improving moods is not certain. On Friday, the US began to respect import duties on goods from China. In response, China applied similar measures for US goods. The trade […]
The German Federal Ministry of Finance believes that the concept of the Central Bank’s digital currency (CBDC) is too risky to be able to implement it. The Ministry of Finance expressed its position in response to a query by Gerard Schick published in one of the financial newspapers. The German Ministry stated: “so far, there […]
The investment climate on Monday is good, and the Asian stock market continues to pick up on Europe and the US after the US labor market data on Friday pointed to a positive trend. Japanese Nikkei225 grows by 1.2% and Chinese Shanghai Composite gains 1.7%. In the currency market, USD is in defensive to other […]
EUR/USD has been quite impulsive with the recent bullish gains. As a result, the price is holding above 1.1750 area with a daily close today. As the US posted nonfarm payrolls with a decrease in non-farm employment and also higher unemployment rate, this shattered the recent bearish expectation of the market. On Friday, US Average […]
Morning Report: 07.00 London The British pound remains positive after the resignation of Brexit secretary David Davis. The move may have less impact following the Prime Ministers successful Chequers meeting where the party agreed their ‘unified’ approach to Brexit. The GBP/USD is higher this morning, as is the GBP/JPY, while the EUR/GBP is only slightly […]
You’re watching the Dukascopy Daily Trading Signals for Monday. Euro/Dollar’s hourly signals are mostly neutral. Mid and long terms both have 6 studies pointing North, but the 17% short interbank points in a different direction. There’s green across the table for the Pound/Dollar, but interbank sentiment is bearish at more than 21% short. Dollar/Yen’s short […]
Gold has created a new two-week high of 1262.13 over today’s European session and is trying to have a session close above the 1261 barrier in the 4-hour chart. The technical indicators are sending bullish signals, supporting the upside movement in price action and suggesting that the softness may come to an end. The Relative Strength Index (RSI) is moving towards […]
Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.23% on Monday, following a slightly disappointing US employment report on Friday. Elsewhere, pound/dollar is up by the same amount, after the UK Brexit Secretary David Davis resigned […]
