In the past one month, the EUR/USD pair has declined by more than 4%. The decline is associated with the decline in the European fundamentals and a strong dollar. In that duration, the dollar has gained by almost 3.5% mostly because of a hawkish Federal Reserve. The EUR/USD pair is now trading at 1.17000. Yesterday, […]
Here are the latest developments in global markets: FOREX: The US dollar lost more momentum after the minutes of the Federal Reserve’s last policy meeting were seen as dovish and the US President Donald Trump raised the prospect of new tariffs on imported cars similar to those introduced on steel and aluminum in March. Dollar/yen traded lower by 0.31% on Thursday, posting […]
On Wednesday, the Turkish central bank raised its rate known as the Late Liquidity Window (LLW) by 3 pp. Previously, it was 13.5%, from today it is 16.5%. Other rates remained unchanged. The decision was taken during an extraordinary meeting convened in connection with the worrying developments in Turkey, which are primarily the behavior of […]
Make sure your broker is not overcharging you and compare their price feed with the Dukascopy Spike Controller stats. Euro/Dollar’s long term average spread is point 36 pips and max of 1 pip was posted during the past 4 hours. The pair returned back above the 1 17 level as it gained point 6% or […]
Retail sales finally provided some encouraging news for the British economy. The Office for National Statistics (ONS) reported that retail sales grew 1.4% on an annualised basis in April, beating market expectations for a reading of 0.1%. The monthly growth read at 1.6%, more than double the expectation of 0.8%. This follows CPI reported yesterday […]
EURJPY has declined considerably after posting a three-and-a-half-month high of 133.48 on April 24; it is currently trading 3.6% below that peak. Earlier on Thursday, it touched a fresh nine-month low of 127.96, after losing roughly 190 pips on Wednesday. The Tenkan-sen line remains below the Kijun-sen in support of a negative short-term picture for […]
Recently, the GBP/CHF pair has been trading upwards. The price tested the level of 1.3314. According to the H1 time – frame, I found a broken bullish flag in the background, which is a sign that selling looks risky. My advice is to watch for a pullback and then try to buy. I placed Fibonacci […]
Trading recommendations: According to the H1 time – frame, I found that price did successful breakout of bearish flag, which is sign that sellers are in control. The MACD oscillator is confirm strong bearish momentum. My advice is to watch for potential selling opportunities. The downward target is set at the price of $6.962 (Fibonacci […]
The US dollar lost a number of positions against the euro and the British pound after the report of the May meeting of the Federal Reserve System was published. Despite the fact that the representatives of the Federal Reserve spoke in favor of raising interest rates, the report of experts from the Federal Reserve spoke […]
Recently, Gold has been trading sideways at the price of $1,295.00. According to the H1 time – frame, I found a broken downward channel in the background, which is a sign that selling looks risky. I also found a hidden bullish divergence and potential finished (abc flat correction), which is another sign that buyers are […]
GBP/JPY is approaching our resistance at 147.04 (Horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect a further below this level to our support at 145.05 (horizontal swing low support). We do have to be cautious of our intermediate support at 145.96 (horizontal overlap support, 100% Fibonacci extension). RSI (21) is also seeing a bearish […]
Reason for the trading strategy (fundamentally): John McAfee expects a bull run on cryptocurrency markets in the near future. Billions will be pumped by institutional investors, the internet security expert predicted in a post on the microblogging platform Twitter this week. McAfee claims this will lead to significant changes in the market capitalizations of the […]
The financial media reports, that India is working on legislation to ensure that cryptocurrency transactions are subject to value-added tax (GST). According to anonymous sources, the Central Council of Indirect Taxes is considering applying a 18 percent tax on foreign exchange operations, which it would perceive as “intangible assets”. “The purchase or sale of cryptocurrencies […]
Fears of trade wars are back, this time on the in form of uncertainty regarding the duties on cars and motor vehicles. This puts pressure on the Japanese stock market. Combined with the drop in US profitability, the 10-year-old clearly strengthens the yen. South Korea has confirmed that the fate of the Kim-Trump meeting in […]
Morning Report: 07.00 London The Japanese yen is in demand as traders take fright of Trump’s treatment of the China negotiations. Dovish Fed minutes also depressed the dollar, helping money to flow into the yen. The USD/JPY is the worst performer so far, extending recent losses and down 0.55%. Other yen pairs have continued to […]
These are the Dukascopy Daily Trading Signals for Thursday, where we’ll see how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has 5 buy signals in the hourly scale. Mid term has an equal number of 4 sell and 4 neutral prompts and 6 studies are red in the long term, which […]
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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 – EURUSD takes a breather after sharp… April 17, 2024 EURUSD tumbles and breaks […]
NZDUSD remains under pressure as it has failed to create a significant movement either to the upside or downside. The price has been developing below 0.6974 and the 23.6% Fibonacci retracement level of 0.6978; as calculated in the downleg from 0.7395 to 0.6850 since May 11. From the technical point of view, in the 4-hour chart, prices are struggling within […]
Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Thursday, after the Fed minutes downplayed expectations for three more rate increases this year. Note though, that the index touched its highest level for 2018 yesterday, before the minutes triggered a pullback. The yen continued to advance, while […]
The US is considering new tariffs of up to 25% on imported vehicles and the President has instructed the Commerce Department to investigate the proposal on section 232 national security grounds. This has seen risk sentiment remain subdued with USDJPY down to fresh lows around 109.400 after falling from highs of 110.800 yesterday. This is […]
USDJPY has been plunging since Tuesday’s trading session after the strong bounce off the four-month high of 111.40. The pair almost pared the previous week’s gains and slipped below the 38.2% Fibonacci retracement level of the downleg from 118.60 to 104.60, near 109.95. The short-term technical indicators are bearish and point to more weakness in the […]
Burning Forecast 05/24/2018 EURUSD: We are waiting for a strong upward rebound. On Wednesday, May 23, the Fed issued a report from the last meeting. Analysts now estimate almost a 100% likelihood of a rate hike at the next meeting of the Fed on June 13. However, this fact could not give the dollar a […]
AUD / USD Yesterday, the Australian dollar was down to 15 points under pressure from the US dollar. The iron ore (0.55%), copper (1.45%) and a number of other important goods for the Australian economy. While oil was declined by an average of 0.4% and gold fell by 0.35%. Completed construction work in Australia in […]
The American president showed the markets again who is the boss in the house. His tweet on Tuesday night unfolded his mood in the global financial markets. His dissatisfaction with the process of negotiations between the states and the PRC, as well as the postponement of the meeting with the leader of North Korea, made […]
Technical outlook: The Daily chart is presented here with potential wave counts in order to look forward. Please note that the US Dollar Index was pretty close to take out resistance at the 94.21 levels yesterday. The index has reversed from the 94.18 levels, and is seen to be trading at the 93.86 spot levels […]
On 23rd June, XM revisits Madrid, to attend the largest financial exhibition in Spain, The Forex Day. Organized on the premises of LASEDE conference and event center in the Spanish capital for the sixth consecutive year now, The Forex Day has been considered to be one of the major financial events in Europe that aims […]
When the European market opens, some Economic Data will be released such as German GfK Consumer Climate, and German Final GDP q/q. The US will also release some Economic Data such as Natural Gas Storage, Existing Home Sales, HPI m/m, and Unemployment Claims, so amid the reports, EUR/USD will move in a low to medium […]
In Asia, Japan will not release any Economic Data today, but the US will release some Economic Data such as Natural Gas Storage, Existing Home Sales, HPI m/m, and Unemployment Claims. So, there is a probability the USD/JPY pairwill move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.16. Resistance. […]
EUR/JPY Like the USD/JPY pair, the EUR/JPY pair has also broken out significantly in favor of bears. The strong pullback in the market (the current bearish breakout) has already put an end to the recent ranging situation in the market. About 300 pips have been shed from the high of this week. Some fundamental figures […]
