Overview: The price is still trading between the levels of 0.7566 and 0.7613. The bullish trend of the AUD/USD pair runs from the support levels of 0.7509 and 0.7566. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As […]
Today, the biggest news among the trading community was on the US-North Korean summit, which ended successfully. As such, the global financial markets are up, with the dollar index remaining largely unchanged. In addition to the good news from Singapore, traders are focusing on the Brexit issue, UK employment numbers, EU business sentiment, and the […]
It’s time for the Dukascopy midday snapshot, where we assess the performance of traders until 12pm GMT on this Tuesday. Euro/Dollar rose briefly above the 1 18 level and a slight gain was posted at noon. Turnover is low and sentiment of the traders is neutral, short positions are up by 6%. Gradual rise has […]
GOLD PRICES fell to 1-week lows beneath $1295 per ounce lunchtime Tuesday in London as new inflation data said the US cost of living rose 2.8% per year in May, the fastest pace since early 2012. Ahead of tomorrow’s Federal Reserve decision on interest rates, short-dated US debt prices fell hard, driving 2-year yields […]
• Sugar rising inside impulse waves 3 and (3) • Likely to rise further Sugar continues to rise inside the short-term impulse wave 3 which started recently from the support area lying between pivotal support level 0.1180 (previous resistance from May), 50-day moving average, support trendline of the daily up channel channel from April and […]
The British Pound made some gains today despite the latest UK employment details showing lower than expected wage growth. UK claimant count unexpectedly dropped in May with the unemployment rate holding steady at 4.2%. But average earnings growth was weaker than expected at 2.5% against and expectation of 2.6%. Attention will now turn to a […]
Here are the latest developments in global markets: FOREX: The greenback moved higher to a new three-week high of 110.49 versus the Japanese yen on Tuesday (+0.22%) after a successful meeting between the US President Donald Trump and the North Korean leader Kim Jong Un during the Asia session. They agreed to achieve a complete denuclearization of the […]
• EUR/CAD reversed from support zone • Likely to rise further EUR/CAD recently reversed up from the support zone lying between support level 1.5200 (previous resistance from May), upper trendline of the recently broken down channel from March and the 38.2% Fibonacci correction of the previous upward impulse from May. The upward reversal from this […]
This week’s European Central Bank (ECB) meeting comes at an interesting time, as the bank meets to potentially discuss scaling back quantitative easing (QE) barely a month after a new government in Italy threatened to up-end the delicate consensus in the eurozone. IGTV’s Victoria Scholar spoke to Berenberg’s Florian Hense to learn what to expect […]
Wednesday brings plenty of fundamental updates, so let’s take a closer look with the Dukascopy Economic Calendar. A couple of UK reports for May open this agenda at 8:30 in the morning, including the high importance Consumer Price Index. Overall inflation slowed down for the third month in a row in April from 2.5% in […]
The ZEW index, which measures analysts’ moods in relation to the German economy, dropped to 80.6 in May from 87.4 in April. The fall is stronger than the expected number of 85. Analysts also look pessimistic on the outlook – the index of Economic Sentiment fell to -16.1 from -8.2 versus expected -14. This is […]
For the second month in a row, data from the British job market are coming out as expected. Although the wage growth rate dropped to 2.8% year-on-year basis, which is slightly below the previous reading and median forecasts of 2.9% ), it is still a solid result close to several-year records dynamics. Moreover, the Claimant […]
This is the Dukascopy Spike Controller for Tuesday with a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 32 pips and peak separation of point 8 pips took place during the past hour. The pair took a slide of point 62% or 73 pips, but it has since recovered […]
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:Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the end […]
Bitcoin (BTC) has been trading sideways at the price of $6,796. The Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above CAD 10,000 will have to be reported. Technical picture […]
Daily Outlook In April 2018, the short-term outlook turned into bearish when the EUR/USD pair maintained trading below the broken uptrend as well as the lower limit of the depicted consolidation range. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. As mentioned, the […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during the recent bullish pullback. The bulls failed to execute a successful bullish breakout above 0.7400 during the previous week’s consolidations. The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred. Since April 13, […]
Recently, gold has been trading sideways at the price of $1,297.65. According to the H1 time frame, I found an intraday bullish flag in creation. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of $1,302.75 and $1,305.00. Resistance levels: R1: $1,306.35 R2: $1,310.63 R3: $1,314.85 Support […]
The EURCAD pair has rediscovered its DMAs over the last week and is now attempting to break above the 100 DMA at 1.53700. It is using the 200 DMA at 1.52474 as support in its attempt with yesterday’s low at 1.52031 a key level for risk to lean against. A failure of the move and […]
Early this morning, Donald Trump and Kim Jong Un met for the first time. This was the first meeting between the leaders of the two countries in history. The meeting capped many months of increased preparations and tensions between the two countries. At the end of their meeting, the two leaders signed a document, which […]
Here’s how the technical indicators compare with the interbank stance at 8 AM GMT on this Tuesday. Euro/Dollar’s hourly models bring 4 buy and 4 neutral signals. Mid and long term models are mostly neutral, but the close to 25% short interbank is bearish. Pound/Dollar shows a similar picture, where hourly models show mixed results, […]
Analysis of wave counting: During the trades on June 11, the GBP/USD pair lost about 70 basis points from the day’s high. and began, thus, the construction of wave b in the composition of the future wave 2 of the downward trend section. If this assumption is true, then the decline in quotations will continue […]
Analysis of wave counting: During trading on Monday, the EUR/USD fell 40 basis points from the highs of the day, and this development fits perfectly into the scenario of constructing the correctional wave 4, in the composition of the future wave 1, in 1, in 3. If this assumption is correct, then after the completion […]
Forecast for June 12: Analytical review on the scale of H1: For gold, the key levels in H1 scale are: 1317.09, 1308.97, 1305.28, 1300.97, 1287.67 and 1281.60. There the continuation of the movement upwards is expected after a breakout 1300.97, in this case the first target – 1305.28, in the area of 1305.28 – 1308.97 […]
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:Trading Signals for GOLD (XAU/USD) for April 8-10, 2024:… April 8, 2024 Gold reached a new […]
The G7 Summit deepened the rift between the US and its closest allies with Canada taking the brunt of the damage. What the fallout for NAFTA will be remains to be seen. The impact on Mexico also remains unclear with the USDMXN pair cycling between 20.64168 and 20.20390. The market moved higher since the April […]
Wheat is one of the most important agricultural commodities in the world. It is consumed by billions of people every day. It is produced in many countries, with the main producer being Russia which produces more than 60 million metric tonnes per year. It is followed closely by the United States and France which produce […]
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 Daily financial news by- Binary.com-June 12th 2018 Related Posts:Analysis of EUR/USD. […]
Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher on Tuesday, ahead of the release of the US inflation data for May and as the Fed kicks off its two-day policy gathering. Meanwhile, the yen is on the back foot as the encouraging outcome in the Donald Trump – […]
West Texas Intermediate futures is on course for a bullish correction and is posting some gains today, following the rebound on the 64.20 support level. The price jumped above the 66.00 handle and the 23.6% Fibonacci retracement level of the downleg from 72.87 to 64.20, near 66.25, while is currently completing a new eight-day high around 66.49. The […]
