Another Week of Records

This week, several records have been broken. Bitcoin crossed the $10,000 mark while Ethereum reached its all-time high of $517. In the United States, the major indices continued their winning streak. On Thursday, the Dow cruised through the psychological $24,000 level while the S&P reached an all-time high price of $2645. The upward move was […]

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US Open Preview – Pound slips; stocks decline; US tax vote awaited; Canada’s GDP growth eyed

Here are the latest developments in global markets: FOREX: The pound turned to be the worst performer among major currencies despite impressive manufacturing PMI figures, trading below the $1.3500 key level after touching a fresh two-month high of 1.3548 early in the Asian trading (-0.25%). Eurozone’s manufacturing PMI stood at multi-year highs, but the euro […]

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NZD/USD Intraday technical levels and trading recommendations for December 1, 2017

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. The recent bearish pullback was […]

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Intraday technical levels and trading recommendations for EUR/USD for December 1, 2017

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

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01.12.2017 – Midday Snapshot by Dukascopy

Find out if traders have managed to work out the currency rate movements as we reach the midpoint of this week`s last trading day. Euro/Dollar’s gradual uptrend was followed by a slide, which wiped out all of the gain. Traded volume is average and sentiment is neutral, long positions are up by just 1%. Bulls […]

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01.12.2017 – Spike Controller by Dukascopy

Weekend is just around the corner now, but don’t let your guard down and keep checking your broker’s fairness by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 28 pips and maximum separation has been 1.3 pips. The pair has advanced towards the 1 20 level, gaining 1.12% or 132 pips. Euro […]

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Stock Market Update – Sea of red in Europe; Asia mixed; US tax bill judgement day

Asian equities projected a mixed picture today. In Japan, the Nikkei 225 and the Topix indices finished the day higher by 0.4% and 0.25% respectively. Earlier in the day, the Nikkei advanced by as much as 1.2% to stand at its highest since 1992, however it didn’t manage to sustain those gains. Hong Kong’s Hang […]

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Technical analysis of NZD/USD for December 01, 2017

Our first target which we predicted in Yesterday’s analysis has been hit. The pair remains under pressure below its nearest resistance at 0.6855. The process of lower highs and lows also remains intact, which should confirm a negative outlook on the prices. In addition, the relative strength index is heading downward, without showing any reversal […]

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04.12.2017 – Economic Calendar by Dukascopy

This is the Economic Calendar for Munday, the 4th of December. Let’s see which news releases stand out. Japanese Consumer Confidence for November is up first at 5 AM. Confidence continued growing in October, reaching a 4-year high. UK Construction PMI for November follows at 9:30. The Index rebounded in October, having slipped in the […]

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Daily financial news by- Binary.com- December 01-12- 2017

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- November 01-12- 2017 Related Posts:Indicator analysis: […]

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Burning Forecast 01/12/2017

Burning Forecast 01/12/2017 EURUSD: Buy the euro from kickbacks. The euro is growing on strong data on the economy of Europe: unemployment in the euro area has dropped to 8.8% – this is the lowest unemployment rate since 2011. At the same time, inflation remains at low levels and does not grow – this does […]

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Technical Analysis: 01/12/2017 – EURGBP positive in short-term but neutral outlook remains at risk

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 – USDJPY unlocks new 7-month high June 28, 2023 USDJPY continues to build its […]

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Fundamental Analysis of EUR/CAD for December 1, 2017

EUR/CAD has been impulsively bullish the gains recently breaking above 1.5220 resistance area and retested it for further bullish pressure in the coming days. EUR has been quite positive with the economic reports and events recently which lead the currency to gain momentum over CAD despite the positive economic results this week. Today EUR Spanish […]

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Fundamental Analysis of AUD/JPY for December 1, 2017

AUD/JPY has been quite corrective with the bullish gains after breaking below the 85.70 price area with a daily close recently. AUD has been quite positive with the economic reports recently which lead the price to gain over JPY but in a corrective manner. Recently AUD Private Capital Expenditure report was published at 1.0% which […]

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Week Ahead 4-8 Dec 2018: Brexit crunch lunch and US nonfarm payrolls

Will the EU finally give the nod for the next phase of Brexit negotiations to commence? 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 member […]

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Forex News: 01/12/2017 – Dollar takes a knock from Senate tax vote delay; euro and pound up

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:GBP/USD trading plan for European session on June 29, 2023.… June 29, 2023 Yesterday, there were […]

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Daily analysis of major pairs for December 1, 2017

EUR/USD: There is a Bullish Confirmation Pattern in the EUR/USD 4-hour chart (for the price has managed to avert a strong bearish movement this week). Price is thus expected to keep going upwards, reaching the resistance lines at 1.1950 and ultimately, 1.2000. Some opposition would be met at the resistance line at 1.2000, but that […]

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Technical Analysis – GBPJPY surges out of range; bullish bias above 152

GBPJPY maintains a bullish intra-day bias after breaching the key 152 level yesterday. The pair has breached the upper end of the two-month consolidative range after a strong rally. Strong support held at the 147 level and GBPJPY bounced off the bottom of the range to rise with strong momentum all the way back to […]

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European Open Preview – Pound continues to impress; US tax bill vote, Canadian GDP & employment generating excitement

Here are the latest developments in global markets: FOREX: The dollar retained its strength against the yen, trading near a 1-½ -week high, finding support from rising US Treasury yields, while the euro was last flat on a weekly basis versus the greenback after advancing in the three preceding weeks. Pound/dollar stretched its uptrend to […]

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Elliott wave analysis of EUR/NZD for December 1, 2017

EUR/NZD – Daily EUR/NZD – 8 Hourly Wave summary: The break above 1.7393 and 1.7408 has forced us to review our count. This break opens two possible scenarios. The first is that the expected deeper correction from 1.7408 still is alive, but in the shape of an expanded flat correction and if this is the […]

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01.12.2017 – Trading Signals by Dukascopy

It’s time for this week’s last Main Daily Trading Signals. Here’s how the interbank compares with the technicals at 8 AM GMT. Neutral models prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 4 and 5 studies, respectively, and they are backed up by the more than 15% interbank. The […]

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Elliott wave analysis of EUR/JPY for December 1, 2017

Wave summary: EUR/JPY continues to push higher and the break above 133.23 now questions, whether wave (D) did complete at 134.50 or wave (D) still is in motion higher towards 137.37 before completing? As long as resistance at 134.50 is able to cap the upside, we will continue to favor the count that sees the […]

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NZD/USD profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from. […]

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01.12.2017 – Support and Resistance by Dukascopy

This is the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 1950 in resistance and 1 19 in support. Price Channel Indicator Upper Line is among the 5 studies for R1, and R3 is a 2 year high with 4 confirmations. A […]

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OPEC Extends Output Cuts

On Thursday, OPEC (Organization of Petroleum Exporters) and non-OPEC producers led by Russia agreed to keep output cuts until the end of 2018. However, they also agreed to a possible early end of the agreement if the market overheats. The markets had already “priced-in” the extension of the agreement past its previous March 2018 end. […]

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USD/JPY profit target reached perfectly, prepare to sell

The price has reached our profit target from previously. We look to sell below major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop […]

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Daily analysis of USDX for December 01, 2017

The index is finding dynamic resistance in the 200 SMA at H1 chart and still awaits to resume the bearish bias in the short-term. We’re still expecting that USDX could make a test of the 92.70 level, while to the upside, if it breaks above the 93.60 level, then we should forecast a rally towards […]

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Dec 1st, 2017: Euro Steadies Ship

Morning Report: 07.00 London This morning, the euro is recovering some of the ground lost this week despite yesterday’s poor European CPI data. The EUR/USD is up 0.2%, with the EUR/JPY slightly higher and the EUR/GBP rallying for the first time in five sessions. The pound is lagging the euro, but remains positive against the […]

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