GBPSEK has recorded a stunning bullish rally over the previous two trading days and is set to complete another positive session. After the rebound on the seven-month low of 11.6200, the price challenged an intraday high near the 11.8060 resistance level. The technical indicators in the short-term are confirming the upside momentum on price action. The RSI […]
GOLD PRICES fell to new 2018 lows against a rising Dollar for the second day running on Wednesday, falling further below $1300 per ounce as world stock markets dropped and longer-term interest rates touched new 7-year highs after stronger-than-expected US economic data. After Tuesday saw March’s retail sales revised higher while New York State […]
12 hours of trading have gone by on this Wednesday, meaning it’s time for the Dukascopy Midday Snapshot. Euro/Dollar moved sharply lower, falling further below the 1 20 level to trade point 29% in the red at noon. Turnover is high and neutral sentiment of the traders is just 1% short. Late slide suggests a […]
The EURUSD pair has dipped below 1.1800 for the first time since December. The move comes after the release of Eurozone final CPI figures, which were in line with estimates. The final CPI was reported at +1.2% on a yearly basis. Adding to the bearish bias is monetary policy divergence between the FED and the […]
Just like in the past few years, XM hosts free forex trading seminars in Malaysia on a regular basis, the latest of which is due to take place in Kuala Lumpur on 14th July. For anyone still new to online investing, or for more advanced investors who are still looking for ways to build up […]
Here are the latest developments in global markets: FOREX: The US dollar pared some of Tuesday’s gains that were posted after a rally in US treasury yields; 10-year Treasury yields hit as high as 3.095, the highest since 2011. Dollar/yen retreated by 0.18% after it marked a new 3-month high of 110.44 on yesterday’s US session. […]
The main topic of discussion among investors is the sale of US bonds, which again drives the dollar higher and brings a breach of important technical levels. Yesterday’s report on retail sales from the US was not impressive, but it was enough for the pretext to buy the dollar. Today in the morning, the yield […]
Check how fair your trades have been executed on this Wednesday by watching the Dukascopy Spike Controller. Euro/Dollar’s spreads have averaged at slightly above the point 3 pip mark in all three time scales. Peak separation has been 1.8 pips. The pair dropped by more than 1% or 127 pips to hit the daily low […]
The UK’s leading share index, the FTSE 100, has been enjoying an impressive rally since the end of March, climbing to levels last seen in January before the global equities and bond sell-off struck the markets. The gains over the past two months make the FTSE 100 the best performing share index among the major […]
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 Yesterday. Since April 13, […]
Daily Outlook The EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occured recently. Significant signs of bearish reversal were manifested around the price levels of 1.2400.This was manifested in the bearish engulfing daily candlestick of April 20. The short-term outlook turns to become bearish as long as […]
EURJPY bounced off the 131.37 high during Monday’s trading session and posted some losses reaching the 130.30 support level and the 40-simple moving average in the 4-hour chart. Hence the upside momentum appears to have run out of steam as prices have been attempting and failing to close above the 137.37 line in the past […]
Technical outlook: A daily chart view has been presented here to have a bigger picture. The Dow Jones index looks to be consolidating at the moment broadly between 23,300 and 25,000 levels and is most likely expected to break below 23,000 levels eventually. Dow has hit resistance at 25,000 levels day before yesterday and reversed […]
Recently, the USD/JPY pair has been trading upwards. As I expected, the price tested the level of 110.48. According to the H1 time – frame, I found a broken resistance trendline and bullish flag in creation, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities if you […]
Recently, Silver has been trading downwards. The price tested the level of $16.15. Anyway, I found the bearish flag in progress, which is ф sign that buying looks risky. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for a potential breakout of […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.239 and met my yesterday’s targets. Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve […]
According to anonymous sources, Facebook reportedly is considering creating its own cryptocurrency. People “familiar with Facebook’s plans” inform, that the social media giant is very serious about the implementation plans of the virtual coin for the application. Anecdotal evidence comes from the same week in which the platform announced that David Marcus, head of the […]
The speeches of a number of representatives of the Federal Reserve System, as well as good fundamental data, supported the US dollar, which continued its strengthening against the euro and the British pound on Tuesday, May 15. Recently, many representatives of the Federal Reserve focused their attention on the need to further raise interest rates […]
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 surges to new almost 5-month… April 11, 2024 USDCAD meets the upper […]
These are the Dukascopy Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s hourly indicators mostly point North. Mid and long term technicals are red, which is in line with the 30% short interbank sentiment. Pound/Dollar has 6 neutral signals in the hourly chart. Mid and […]
The GBPUSD pair pulled back from resistance at 1.36000 this week and remains in a sideways consolidation pattern between 1.36500 and 1.34500, a 200-point range. USD strength yesterday pushed price to new lows at 1.34510, and this remains the level to break if that strength returns. For now, price is back above previous support at […]
Japan is the third largest economy after United States and China. It has a GDP of $4.9 trillion, which is slightly lower than the GDP of the United Kingdom and France, which have a combined GDP of $5.1 trillion. For decades, Japan has used its expertise on manufacturing and its good relations with the United […]
New Zealand is a small country with a population of under 5 million people. The country is located to Southwestern Pacific Ocean and is made up of two main islands. It has a GDP of more than 185 million people and a GDP per capita of more than $35,000. The country is best known as […]
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 – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides after recording 1-month peak But […]
Here are the latest developments in global markets: FOREX: The US dollar index is higher on Wednesday but by less than 0.1%, extending the notable gains it posted yesterday, when it advanced against all major currencies. Solid US retail sales data pushed the yields of longer-term US bonds to fresh multi-year highs, breathing a second wind into […]
Today’s currency market sentiment brings a bit of rebound yesterday’s US dollar so far. Data from Australia and Japan disappointed, but without damage to AUD and JPY. The stock market is balancing at the level of yesterday’s close. The trade session in Asia is calm, where the attempts to further strengthen USD were put down […]
Technical outlook: The structure remains more or less unchanged except for a small intraday high yesterday at 93.45 levels, from what we discussed on May 14, 2018. The US Dollar Index might have completed its recent rally and is about to see a correction lower towards 91.80 levels at least as projected here. Please note […]
Morning Report: 07.00 London This morning, the dollar remains in control as risk factors flood into global markets. North Korean talks have collapsed, with Pyongyang blaming the one sided nature of demands and negotiations. Dollar pairs generally are unchanged this morning, but pressure remains. The euro is under particular pressure, after documents released from the […]
For the second time this year, XM participated at Money Show financial exhibition in Greece, this time organized in the city of Thessaloniki between 27 and 29 April. The three-day event series took place on the premises of Hyatt Regency Hotel on 27, 28 and 29 April, with the official sponsorship of XM. Our company […]
AUDUSD has reversed back down again after finding resistance at the 0.7560 barrier, achieved on Monday and holds below the 0.7800 handle. The pair completed two consecutive bearish days and remains below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, Wednesday’s trading session started in positive territory. In the short-term, the momentum indicators seem […]
