USD/CAD recently broke above 1.2950 resistance area with a daily close after impulsive bullish non-volatile pressure. This week is going to be quite volatile and interesting for this pair as high impact economic reports and events are going to be held in the US and Canada this week, including CAD Overnight Rate and US NFP […]
Unfortunately, we can not see the end of the political crisis in Italy so far. The nominee Prime Minister Carlo Cottarelli has not presented the composition of his temporary government to the president. In addition, there is a risk that the technical government will not receive a vote of confidence in the parliament. The largest […]
It’s Wednesday and this is the Spike Controller brought to you by the Dukascopy Forex TV Team. All three averages are slightly above the point 3 pip mark for the Euro/Dollar. Peak separation has been 1.9 pips. The pair has recovered from the low of 1 1519, gaining point 81% or 93 pips. Spreads have […]
GBP/USD has been quite non-volatile within the bearish bias recently which led the price to reside below 1.3300 area. Ahead of the upcoming high impact economic reports from the US, certain bearish impulsive pressure indicates the definite trend pressure in the pair. Today, the UK BRC Shop Price Index report was published with a greater […]
The price zone of 0.7320-0.7390 stood as a significant supply zone during 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, significant […]
Daily Outlook The short-term outlook turns to become bearish as long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the depicted consolidation range remains broken. Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880. The […]
Today’s moods in the markets after yesterday’s sale of Italian bonds are a bit calmer. Yesterday’s profitability of Italian 10-year olds to 3.35%, today drops below 3.0%, and the spread with German bunds narrows to 267 basis points. The turbulence on the Italian political scene is taking on a routine character, so the markets are […]
Morning Report: 07.00 London The euro is at least stabilising after hefty selling yesterday as traders fret over the state of Italian political and banking systems. The EUR/JPY is posting small gains this morning, but the damage was done yesterday, with the pair off by 1.58% on the week. Markets are generally seeking out safer […]
• GBP/CHF falling inside short-term impulse wave C • Further decline are likely GBP/CHF continues to fall inside the short-term impulse wave C, which belongs to the medium-term ACB correction (4) from the middle of April. The price earlier broke through the support zone lying between the support level 1.3220, support trendline from the end […]
EURUSD The EURUSD pair has slipped to the levels of July 2017 just ahead of 1.15000 support. The pair is having a relief rally this morning but price is still trading inside the down trend of recent weeks. Yesterday’s low was 1.15096 and a loss of this supporting area would see prices extend towards 1.14579 […]
Joseph Stiglitz is one of the most respected economists in the world. He currently teaches Columbia University and is also one of the few economists to receive the Nobel Memorial Prize in Economic Sciences. Joseph Stiglitz has published multiple books on economics. In 2016, he published a book on Europe and the risks posed by […]
Crude oil had one of the best months in the recent past until it all came falling down. This month, Brent and WTI crude rose to the highest level in almost four years. Brent reached a high of $80.45 while WTI reached a high of $72.86. The surge in crude oil came after Trump exited […]
Chinese official PMI data for May are scheduled for release on Thursday at 0100 GMT. Manufacturing activity, which is expected to attract most interest, is anticipated to marginally ease though still remain in expansion territory. In the bigger picture, besides data releases, trade talks between the US and China continue taking place and have the […]
The Bitcoin (BTC) has been trading upwards. The price tested the level of $7.520. Chilean crypto exchange Buda.com has launched in Argentina, initially supporting four cryptocurrencies. Already operating in three other countries, the exchange says Argentina has the potential to become its most important market in the course of a year. The technical picture on […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.3260 According to the H1 time – frame, I found a potential bearish flag in creation, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The […]
GBP/JPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where we expect price to bounce above this level to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support where a bounce […]
EURJPY steadied on Wednesday after an aggressive bearish rally in the previous six days. The common currency created an eleven-month low of 124.60 against the Japanese yen on Tuesday, while the price is paring some of the losses over the last couple of hours. The momentum indicators are supportive of the slightly bullish correction. In the 4-hour chart, the […]
EUR/JPY The initial targets for this week have already been met, and the EUR/JPY cross still has much room to go southwards. As anticipated, there is now a transitory upwards bounce in the market, but price would resume its downwards journey. The next targets are the demand zones at 125.00 and 124.50. There is already […]
USD/JPY This currency trading instrument has been trending downwards and there is now a lot of trading activities around the demand level at 108.50. The current short-term rally is only shallow and may end up being an opportunity to sell short at better prices. The material has been provided by InstaForex Company – www.instaforex.com Related […]
USD/CHF The market is now quite choppy. This pair has done nothing significant this week, except a sideways movement in the context of a short-term downtrend. There is a ranging condition in the market. Even a pullback that was seen yesterday was quickly erased, as bears leave their footprints in the market. However, a breakout […]
Burning forecast 05/30/2018 EURUSD: Italy has collapsed the euro. The political crisis in Italy caused a great stir in the markets of Europe on Monday-Tuesday. The yield of Italian government securities rose sharply to 2.5%. Shares of Italian banks fell sharply. The euro fell to 1.1510, touching the global support line of the uptrend. Do […]
To open long positions on EURUSD it is required: Buyers need to get to resistance level 1.1584, but the first test of this level is unlikely to lead to its breakdown. Only binding on the band closer to the second half of the day will be a good signal to an increase in long positions […]
To open long positions on GBP/USD it is required: You can buy the pound only if it breaks and consolidate above 1.3292, which will form a new upward wave with resistance test 1.3336, where it is recommended fixing profits. In the case of a pound drop in the morning, purchases will be relevant for a […]
You’re watching the Dukascopy Daily Trading Signals for Wednesday. Here’s how the interbank lines up with the technicals at 8 AM GMT. Euro/Dollar has 6 green signals in the hourly chart. 4-hour chart has 5 neutrals and 7 models point South in the long term, which is in line with the 27% short interbank. Pound/Dollar […]
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:The euro hardly has a chance to rise April 16, 2024 For over six months, the […]
Markets remain in risk off mode again today after Indices fell yesterday to the lowest levels since early May led by Europe as the Italian political crisis deepens. The Italian President vetoed the nomination for Finance Minister by the populist government last week. The resulting collapse in the coalition led to the President appointing former […]
Here are the latest developments in global markets: FOREX: The US dollar index is down by roughly 0.1% on Wednesday, giving back some of the gains it posted yesterday, when it touched its highest point since early November. Meanwhile, although the euro posted considerable losses yesterday, it has rebounded somewhat today, trading higher by 0.3% […]
Two Russian financial institutions are to test the regulatory platform, which aims to make national ICOs more transparent and safe for traditional investors. The Russian NSD (National Settlement Depository) has announced that it is working with Sberbank CIB to test the ICO emissions platform launched in April by the Bank of Russia. According to the […]
The Dollar index has reached the October 2017 highs and the weekly Kumo (cloud). This is a strong resistance area that justifies a pull back that is long overdue for the Dollar. Black line – horizontal resistance The Dollar index is in a short-term bullish trend. Price is above both the tankan- and kijun-sen indicators. […]
The night on the currency market was quite calm as none of the major currencies changes the value to USD by more than 0.2. EUR/USD challenges the support zone around the October minimum, USD/JPY fights to preserve the growth structure by defending support 108.50-70. In the stock markets very negative moods. Yesterday on Wall Street, […]
