The beginning of the European session brings an appreciation of the euro, which is related to the increase in orders in German industry in May. Industrial orders increased by 2.6% on monthly basis against the expected increase by 0.1%. On an annual basis, the increase in orders amounted to 4.4% against the market consensus of […]
Yesterday, the next zone of bank compilation was formed. It coincided with the zone in the previous week, which speaks of the flat nature of the medium-term movement. Closure of yesterday’s trading occurred within the zone. Thus, the priority is not yet known. For the third week in a row, the banking compilation zones are […]
During the Asian session today, the USD/JPY pair reacted with a rather strong burst of volatility on the comments of a board member of the Bank of Japan. However, there were no serious technical changes in the alignment of forces. BOJ board member, Takako Masai, said that prices in Japan are not high enough, despite […]
This is the Dukascopy Spike Controller, where we help you get the best deals from your broker. First up is the Euro/Dollar, which has long term average and maximum spreads of point 42 and 2.6 pips respectively. The pair has been on a rise, moving above the 1 17 level as it gained point 69% […]
USDCAD is consolidating and building energy as liquidity conditions were tight this week with the Canada day holiday on Monday and US Independence day yesterday. The price is confined to a tight range around 1.31450 with resistance at 1.31755 and the 100 period MA followed by 50 MA at 1.31967 and the 1.32000 level. A […]
The nonfarm payrolls report will be eagerly awaited on Friday at 12:30 GMT for the latest indications on the United States labour market. However, with Sino-US trade tensions running high and tariffs on $34 billion worth of Chinese imports and counter tariffs of similar value on US products due to come into effect the same […]
The EURGBP is trading at its 50 period MA in a 4 hour time frame at 0.88235 after it reversed its fall from yesterday this morning to reach 0.88411. This was on the back of reports that some members of the ECB are of the opinion that hiking in the autumn of 2019 will be […]
The price of copper continues its freefall this week, falling to a nine-month low of $6,450 per tonne on the London Metal Exchange and to an 11-month low of $2.874 per pound on New York’s Comex. The popular base metal has been under pressure since trade tensions first started brewing in late February. Copper is […]
The Canadian employment report for June is due on Friday at 1230 GMT. The release will constitute the last major data print before the Bank of Canada (BoC) meets to decide on rates next week and is seen as having the capacity to shift expectations regarding the delivery of an interest rate increase. Besides that, NAFTA negotiations, another […]
NZDUSD has advanced considerably since roughly the beginning of the month, hitting the 0.6780 resistance level again, during Thursday’s European session. The price surpassed the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the technical indicators suggest further advances. Momentum indicators are pointing to a bullish bias in the short term with […]
Trading recommendations: Recently, Bitcoin has been trading sideways at the price of $6.573. According to the H1 time – frame, I found that price is trading in the upward channel but I also found a hidden divergence on the MACD oscillator, which is a sign of weakness. My advice is to watch for a potential […]
Recently, Gold has been trading upwards. The price tested the level of $1,260.65. According to the H1 time frame, I found a breakout of a downward channel in the background, which is a sign that buyers are in control. I also found a hidden bullish divergence on the MACD oscillator and bullish flag pattern in […]
Recently, AUD/USD has been trading downwards. The price tested the level of 0.7360. Anyway, according to the H1 time – frame, I found a potential end of the expanded flat downward correction, which is a sign that selling looks risky. I also found a breakout of the suppy trendline in the background, which is another […]
Morning Report: 07.00 London The euro is picking up the baton and making gains after playing second fiddle to the pound yesterday. The pound rallied on the back of strong services PMI data yesterday, with the EUR/GBP slipping. The euro is catching up though, with the EUR/GBP erasing yesterday’s gains and the EUR/USD posting its […]
Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/dollar’s technical indicators are mostly pointing North in all three time ranges, but the close to 21% short interbank sentiment is bearish. Pound/Dollar’s 1 and 4-hour indicators are mostly green, but outlook shifts to neutral […]
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:Technical Analysis – USDCAD blossoms ahead of central bank… April 16, 2024 USDCAD rises rapidly; reverses […]
Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.3% on Thursday, ahead of the release of the minutes from the June FOMC meeting later today. Meanwhile, the euro is recovering ground following media reports that ECB officials think the market is underestimating the Bank’s rate-hike path. STOCKS: US equity markets […]
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 […]
On Wednesday, the open market were on regular operations which allows you to look at the position of the price relative to the new bank compilation zone. It is important to note that the movement relative to the two previous zones indicates the formation of a flat medium term structure, since any deviation would result […]
Silver is showing bullish signs and a bullish classical pattern. Our target for silver is between $16.30 and $16.70. This scenario gets confirmed on a break above $16.11. Red line – resistance The resistance trend line is broken. Silver is consolidating near its highs and is forming a bullish flag pattern. A break above $16.10 […]
EUR/USD is trying to break out and above the short-term trading range. The price is breaking above short-term resistance trend line at 1.17 and we could see more upside if we break 1.1720. Red line – resistance Blue line – support Magenta line – RSI support The EUR/USD held support at 1.15 and is trying […]
The Gold price has stopped its rise at $1,260 where we find the 4-hour cloud resistance. Price is moving lower along the lower cloud boundary. The Gold price has formed what seems to be a bullish flag and is now trying to break out above it. Blue lines – bearish channel Red lines – bull […]
Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Binary_com- Daily financial new -July 5th 2018 Related Posts:Financial future on […]
USDJPY is on course to set a bullish day after two straight negative sessions. The price surpassed the moving averages in the previous week and challenged a fresh six-week high of 111.12 before the slip to the 20-day simple moving average (SMA). The momentum indicators are supportive of the neutral to bullish picture in the near-term. Technically, […]
American stockbroker Peter Schiff debated with President of ShapeShift – Erik Voorhees – in the Bitcoin Debate program. The two leaders of financial thought discussed the most important issues regarding Bitcoin and their basic Blockchain technology, questioning the possibilities of mass adoption and comparing cryptocurrencies with other types of assets, such as money and gold. […]
Shanghai Composite loses 0.8% and Hang Seng falls by 1.0%. In Tokyo, Nikkei225 exchange drops by 0.9%. Trade wars remain at the center of the investors’ attention, the closer we are to the end of the week, when the US is going to officially announce the start of duties on Chinese goods. Among the major […]
Burning forecast 07/05/2018 We buy the Euro when the range breaks. There are no strong new data. Markets are waiting for the introduction of duties on the US-China line on both sides. Euro at 6:00 AM London time breaks the level of the daily order up. In the afternoon important data on employment in the […]
Despite the good data on the service sector in the eurozone, the European currency fell paired with the US dollar amid a low volume of trading. Today in the United States, Independence Day was celebrated, and in connection with which the exchanges will be closed. This will affect both the volume and market volatility. In […]
Analysis of wave counting: As a result of the previous trading day, the currency pair EUR / USD added about 20 percentage points. And though it is a little, nevertheless, the pair remains within the limits of construction of a prospective wave 3, c, 4. Thus, wave counting does not change, and we continue to […]
AUD/USD has been quite impulsive with the bearish gains today after rejecting off the dynamic level of 20 EMA yesterday with a daily close. Whereas AUD has been struggling with the recent economic reports, Trade War tension has got into USD ahead of the upcoming NFP report this Friday. Recently AUD Retail Sales report was […]
