Usually the Dukascopy Economic Calendar provides you with information that could make your trading day more interesting, but not on this Monday as we’ll mostly inform you on what markets are closed. A number of European countries will have markets closed due to Whit Monday. This holiday commemorates the descent of the Holy Ghost upon […]
Bitcoin has fallen below $8,000. The major altcoins followed the “benchmark” cryptocurrency, losing between 5% and 10% of their value. Throughout the year, each time market participants have expected growth, the trend has reversed into a decline. Bitcoin in particular, after having experienced growth for 3 weeks and attempted to move above $10,000, is now […]
Yesterday, the USD/JPY pair was little moved as negative economic data from Japan was offset by the threats from North Korea. This morning, the pair moved high following a report on inflation that disappointed. The Statistics Bureau reported that the CPI grew by 0.6%, which was lower than the expected 0.7%. Last month, it had […]
We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar declined by 49 pips after reaching the daily high and a slight loss was posted by noon. Turnover is average and neutral sentiment of the traders is 2% short. Bears had their profit opportunities as […]
As the US dollar continues to power ahead, the beleaguered euro and pound will be seeking for some reprieve from key economic indicators out of the Eurozone and the United Kingdom next week. With the US calendar being lighter in the coming seven days, the greenback may lose some steam, though the FOMC minutes could […]
The Turkish lira has continued to plummet so far in 2018, sinking to fresh all-time lows as a worrisome cocktail of economic developments diminished demand for Turkish assets. While a potential rate hike by the central bank may help to ease the selling pressure or even trigger a short-term rebound – for the lira’s decade-long […]
Mexican Peso The Mexican Peso (MXN) has continued to weaken on uncertainty surrounding the North American Free Trade Agreement (NAFTA), where there is still no deal in sight. Even if the government announces an agreement on NAFTA, any recovery may be short-lived, as attention will turn to the country’s election where the favoured candidate, Manuel […]
GOLD PRICES moved in a tight $5 range above yesterday’s new 2018 low against a rising US Dollar on Friday, holding a 2.5% drop for the week at $1287 per ounce as Asian stockmarkets climbed back to unchanged and European equities held a half-a-per-cent gain. The rising Dollar also pushed other non-US currencies down […]
Updates from the UK, Europe and the US make for a compelling week ahead. 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 of the […]
GBPJPY is paring some of Friday’s gains as over the last hours it is moving below its intraday high around 150.00. The price reached a new two-week high and is creating a bullish correction after the rebound on the 147.00 psychological level. In the 4-hour chart, the technical indicators are pointing to a neutral to positive bias with the […]
Here are the latest developments in global markets: FOREX: The US dollar index edged higher on Friday (-0.05%), approaching once again the 5-month high of 93.63. The greenback remains one of the best-performing currencies this week, drawing support from the surge in 10-year US Treasury yields. Dollar/yen jumped to a new 4-month high near the 111.00 handle, adding […]
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:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:The dollar has not reached its potential April 15, 2024 What is permissible for Jupiter may not […]
Check the fairness of your broker on this week’s last trading day by watching the Dukascopy Spike Controller. Euro/Dollar’s average spreads are close to the point 3 pip mark in all three time ranges. Peak separation is 1.2 pips. Rate movement has been relatively calm, high and low difference of 47 pips was posted as […]
Trading recommendations: According to the H1 time – frame, I found that price is testing supply trendline in the backgorund, which is a sign that buying looks risky. I also found a successful breakout of consilidation zone in the background, which is another sign that sellers are in control. My advice is to watch for […]
The dollar remains strong with the support of yields on government bonds and the macroeconomic background continues to support USD. Slight disappointments in the readings of wage and CPI dynamics were quickly forgotten, but the dollar clearly reacted positively to a good report on retail sales. Investors seem to be underweight in USD and even […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.3505. According to the H1 time – frame, I found that price is trading inside of the downward channel. My advice is to watch for a potential breakout of the intraday upward trendline to confirm a further downward movement. If you see a […]
AUD/JPY has been quite impulsive with the bullish gains recently which led the price to reside above 83.00 area with a daily close. AUD gained momentum over JPY despite mixed economic reports published recently whereas JPY is under pressure in light of the Bank of Japan’s long-term plan. Recently, Australia’s Employment Change report was published […]
EUR/CAD has been non-volatile with the bearish gains since it broke and retested of 1.57 price area with a daily close. CAD has been the dominant currency in the pair for months now where EUR has failed to inject certain pullback along the process. Today EUR German PPI report was published with an increase to […]
The US 30 Index approached 25000.00 this week but has stepped back from that level to support at the 50-period MA. The index looks to be forming a continuation pattern but more data is needed to confirm this. The breakout from the red line was contested by bears a week earlier around 24400.00 and this […]
Recently, the USD/JPY pair has been trading upwards. As I expected, the price tested the level of 111.02. According to the H1 time – frame, I found broken intraday bullish flag, which is a sign that buyers are in control. The trend is bullish and the MACD oscillator is rising, which is another sign of […]
EUR/AUD has recently cleared below the 1.5750 support area with a daily close which is expected to be retested before the price continues its bearish pressure with target towards the 1.52 support area in the coming days. The recent struggle of EUR with the worse economic reports lead AUD to gain certain momentum even with […]
Morning Report: 07.00 London There are numerous threads pulling at markets at the moment, including stress on emerging markets and Argentina, oil prices at 3 ½ year highs and soaring US Treasury yields. The clearest reaction has been seen on the USD/JPY as the yen soars on safe-haven interest. The USD/JPY is approaching 111.00 after […]
Hello, traders, you’re watching the Dukascopy Daily Trading Signals for Friday. Euro/Dollar’s technical indicators are pointing North in the short term. Mid term outlook shifts to neutral and 5 models are red in the long term, which is backed up by the 29% short interbank. Pound/Dollar has 5 neutrals in both the 1 and 4-hour […]
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 dollar has not reached its potential April 15, 2024 What is permissible for Jupiter may […]
Here are the latest developments in global markets: FOREX: The US dollar index is lower today, but by less than 0.1%, giving back some of the gains it posted yesterday. The yen is on the back foot too, declining more than 0.2% against the euro and 0.05% versus the dollar, following disappointing inflation data out […]
To open long positions on GBP/USD, it is required: The return and consolidation at resistance level 1.3529 will be a good signal to buy pound for the purpose of updating the level of 1.3565 and the upper border of the lateral channel 1.3599. Only its breakthrough will lead to a powerful upward impulse with a […]
Economist Alex de Vries, who published the article “Bitcoin’s growing energy problem” in the scientific journal Joule, told the financial media, that mining Bitcoin will consume 0.5 percent of world energy by 2018. De Vries concludes that because the Bitcoin network currently consumes about 2.55 GW of electricity and is heading towards 7.67 GW in […]
To open long positions on GBP/USD, it is required: The return and consolidation at resistance level 1.3529 will be a good signal to buy pound for the purpose of updating the level of 1.3565 and the upper border of the lateral channel 1.3599. Only its breakthrough will lead to a powerful upward impulse with a […]
EUR/USD remains in a bearish trend. Price made a low this week at 1.17629 and now is trading just above 1.18. EUR/USD is trading below cloud resistance in the 4-hour chart and has important bullish warning divergence signs. There is not trend reversal confirmation yet, but I believe a strong bounce is close by. Red […]
