Daily analysis of Gold for January 04, 2018

Overview The gold price rebounds bearishly clearly after touching the key resistance 1,321.49 on its way to test the key support base 1,299.20. Stochastic approached the oversold areas. The EMA50 meets the mentioned support to add more strength to it. Therefore, these factors support our expectation for the bullish trend in the upcoming sessions. A […]

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Technophobes Get Scared

All you technophobes, be afraid, be very afraid, the new series of Black Mirror is out and it’s absolutely mental… as you would expect! You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#231430 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: […]

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Daily analysis of Silver for January 04, 2018

Overview The silver price shows sideways and tight trades, settling around 17.00 levels. The price is affected by stochastic negativity that blocks the attempts to rise, while the EMA 50 continues to provide the positive support to the price. Therefore, we will continue to suggest the overall bullish trend conditioned by holding above 16.55. A […]

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Week Ahead 8-12 Jan 2018: US banks to kick off earnings season on Wall Street

US retail sales and inflation data comes ahead of the start of earnings season on Wall Street. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a […]

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Technical Analysis – EURCHF continues to strengthen; next level to watch 1.2095

EURCHF has been trading within an ascending move since August 2017 and during last week’s session, it posted an almost three-year high of 1.1775. Thursday could be the third green day in a row and a rise above the aforementioned level should drive the pair up to the 1.2095 resistance level, near the previous’ three years peg level, and the high […]

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04.01.2018 – Movers and Shakers by Dukascopy

US stocks are hitting new record highs, so let’s take a look at the FX movers and shakers for this Thursday. Euro has been on a rise against the Japanese Yen and the pair is point 77% in the green to mark the day’s biggest move. Final Euro Zone Services PMI was revised higher and […]

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Global macro overview for 04/01/2018

The macroeconomic background around the US Dollar remains positive, so it’s wrong to look for reasons to keep selling the currency. On Wednesday ISM Manufacturing data was released above forecasts and it only confirmed that the recovery at the end of 2017 sustained a solid pace. The dollar did not react much, after all, the […]

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05.01.2018 – Economic Calendar by Dukascopy

Friday, the 5th of January, is packed with important news releases, so let’s find out more. Starting things off at 7 AM are German November Retail Sales. Sales slipped unexpectedly in October, reversing a half a percent gain the previous month. Euro Zone Retail PMI for December follows at 9:10. The Index rebounded in November […]

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Daily financial news by- Binary.com- January 4st 2018

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- January 4st 2018 Related Posts:Tesla earnings: […]

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Technical analysis of GBP/JPY for January 04, 2018

GBP/JPY is expected to trade with a bullish outlook. The pair accelerated on the upside last nigh, and is now challenging its key resistance at 152.50. A bullish breakout of this threshold seems more likely to occur as the rising 20-period and 50-period moving averages call for a new bounce. The relative strength index is […]

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Gold Prices Shrug Off Asian Selling as Dollar Drops, Stocks Surge with Commodities

GOLD PRICES popped back to $1315 per ounce Thursday lunchtime in London’s wholesale market as new US jobs data saw the Dollar drop and world stock markets rise yet again.   New claims for US jobless benefits rose last week, defying analyst forecasts. But ahead of Friday’s official jobs estimate for December, the private-sector ADP […]

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EURUSD and USDJPY Analysis – January 4, 2018

EURUSD is breaking above a Bull flag pattern in a 1 Hour Chart. This pattern has the potential to take the price towards 1.21500 and 1.22000. But first, the flag high at 1.20809 must be surpassed. Next resistance is at 1.20920 and 1.21000, which presents an area of resistance that can slow the current rally. […]

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Australian Dollar Gains on Solid Chinese PMI

China’s Caixin services PMI showed that China’s services sector activity expanded at its fastest pace in over three years. The outlook improved to a six-month high according to the survey. The PMI for December clocked in at 53.9 versus 51.8 expected. A reading above 50 indicates growth and a reading below signals contraction on a […]

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Technical analysis of NZD/USD for January 04, 2018

NZD/USD is rebounding and is expected to trade with a bullish outlook. The pair has clearly reversed up and is now heading upwards to 0.7150. The rising 20-period and 50-period moving averages are below the prices and should limit any downward attempts. Besides, the relative strength index is bullish, supported by a rising trend line. […]

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Soon: CFD Trading Seminar in Thailand

In February 2018, XM will be hosting a free seminar in Bangkok and in Chiang Mai, Thailand, on CFD trading, where we look forward to welcoming investors interested in learning about this popular form of online investment. Our seminar, due to take place in Bangkok on 17 February and in Chiang Mai on 24 February, […]

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Technical Analysis – Gold corrects downwards; will bullish run resume?

Gold had edged lower since Wednesday’s trading session as the recovery of the greenback caused the sell-off of the metal. The price had posted an aggressive bullish run during the previous three weeks following the rebound on the 1236 support level, which overlaps with the ascending trend line taken from the low of December 15, 2016. The […]

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FXTM Forex Market Update | 04/01/2018

Financial markets have commenced the New Year on a positive note with global stocks hitting record highs. In the currency arena, the Dollar remains under pressure amid low inflation concerns. A weak Dollar has supported Gold which ventured to its highest level in over three months. WTI Crude has jumped to its highest level in […]

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04.01.2018 – Midday Snapshot by Dukascopy

Find out how trading has been shaping up for currency traders so far on this Thursday by watching the Dukascopy Midday Snapshot. Euro/Dollar’s rise continues and the pair hit the daily high of 1 2066 after gaining 62 pips. Trading has been active, volume is high and neutral sentiment is 6% short. Morning session has […]

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US Open Preview– Eurozone data push euro and stocks higher; ADP employment report in focus

Here are the latest developments in global markets: FOREX: Upbeat data on December’s composite PMI for the Eurozone published on Thursday lifted euro/dollar towards 1.2052 (+0.32%), reversing most of yesterday’s losses as the figures suggested a faster Q4 growth for the region. Pound/dollar also gained from better-than-expected survey data, rising to 1.3554 (+0.24%). The dollar, on […]

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Eurozone inflation: Will it determine the euro’s short-term bias? -Forex news preview

Eurozone’s preliminary inflation figures for December are due out on Friday at 10:00 GMT, and forecasts project both the headline and the core CPI rates to tick down. With inflation likely to continue undershooting the ECB’s target over the coming years, will the Bank maintain its current degree of stimulus beyond September? Inflation in the […]

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Fundamental Analysis of AUDUSD for January 4, 2018

AUD/USD has been quite corrective after an impulsive bullish move towards the resistance area of 0.7750 to 0.7850. AUD has been gaining momentum since the positive Employment Change report published last month that helped the currency sustain the impulse and stable bullish gains. Today the Australian AIG Service Index report was published showing a slight […]

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Technical Analysis – NZDUSD stalls recent rally and consolidates around 0.71 level; short-term outlook remains bullish

NZDUSD stalled its recent rally and is hovering around the key 0.7100 level. The short-term outlook remains bullish. On the 4-hour chart, the 50 and 200-period moving averages are positively aligned and RSI is above 50. While NZDUSD consolidates, immediate support is expected to be provided around the 0.7080 area. As long as this support […]

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Special Report – Commodities end 2017 on strong note; set for a comeback in 2018

Commodity prices had a mixed start to 2017, with the S&P Goldman Sachs Commodity Index (S&P GSCI) falling by 15% at its low point in June, driven down mainly by the decline in oil prices.  However, as the OPEC-led output restrictions started to bite, crude oil prices turned higher, with a strong performance in the […]

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Elliott wave analysis of EUR/NZD for January – 2018

Wave summary: We are looking for a break above the minor resistance at 1.7064 to provide upside acceleration towards 1.7479 on the way higher to the long-term target near 1.7777. Support is seen near 1.6889 and again at 1.6855, which is expected to protect the downside for a break above 1.7064. R3: 1.7220 R2: 1.7130 […]

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04.01.2018 – Spike Controller by Dukascopy

Stay on top of your trades by watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Thursday. Euro/Dollar’s long term average and maximum spreads are point 28 and 1.7 pips respectively. The pair has climbed higher, gaining point 37% or 45 pips to hit the high of 1 2046. Spreads […]

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Nonfarm payroll report: American wage growth of most interest– Forex News Preview

The chief economist at Moody’s Analytics Mark Zandi said that “it is a good time to be an American worker” given that the economy has been creating two million jobs each year for the last six years. The US labor market remained resilient, with the unemployment rate falling to multi-year lows in 2017, even after […]

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Elliott wave analysis of EUR/JPY for January 4 – 2018

Wave summary: EUR/JPY spiked just below the support at 134.83 for a low at 134.77 before turning higher again. We remain positive for EUR/JPY, expecting it to move closer to 137.37, but the rally from 109.48 is becoming stretched and a soon top should not come as a big surprise. A break below 134.77 will […]

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