USD/CHF The USD/CHF pair has been consolidating for about 2 weeks – in the context of an uptrend. A movement to the upside would strengthen the bullish bias, while a movement to the downside will render it invalid. Further consolidation will enforce a neutral bias on the market. The remaining part of the week will […]
The Germany 30 index is looking set to record an eight straight week of gains, which have taken it above the 50-week SMA, following the rebound from the 11710 support. The sharp buying interest drove the price towards a new 15-month high of 13074.50, while the momentum indicators are supportive of the bullish picture. Looking at the daily timeframe, the RSI indicator holds above the […]
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AUD/USD has been quite in a corrective phase inside the range of 0.7500-50 area from where it is expected to push much lower in the coming days. Recently, AUD has been struggling amid economic reports which lead USD to gain non-volatile impulsive momentum over AUD since the price broke below 0.7750 area. Today, Australia’s Employment […]
GOLD PRICES set fresh 2018 lows for the third day running in London trade Thursday, dipping below $1286 per ounce as US bond prices continued to fall, pushing longer-term interest rates up to yet more 7-year highs. The rising US Dollar also pushed the Euro currency back down near this week’s drop to the […]
EURTRY is set to complete the third straight green week, while it reached a new all-time high of 5.3236 during Wednesday’s trading session, despite that it ended the day in the red. Currently, the pair is trying to pare yesterday’s losses, while the technical indicators are signaling further bullish movement. The positive bias in the daily chart is […]
It’s noon GMT on this Tuesday and time for the Dukascopy Midday Snapshot. Euro/Dollar hit the daily low of 1 1777 after moving gradually lower by a total of 61 pips. Traded volume is average and neutral sentiment of the traders is at an even balance. The rate has been mostly heading lower, making profits […]
The Canadian Dollar (CAD) is expected to see increased volatility, as markets await resolution on the North American Free Trade Agreement (NAFTA) negotiations and the release of key economic data on Friday. Today is the deadline set by House Speaker Paul Ryan for a notice of intent to sign a deal that could be passed […]
Not a lot of publications scheduled on this week’s final trading day, but there are a couple of potential market movers, so let’s take a closer look. Euro Zone Current Account for March opens this agenda at 8 o’clock in the morning. The current account of the euro area recorded a surplus of 35.1 billion […]
AUDJPY posted a four-week high of 83.36 earlier on Thursday, while it is currently trading not far below that peak. Indicative of the positive momentum is the fact the pair finished higher in five of the last six trading days, while it is looking set for a positive close today as well. Adding to the […]
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 the bearish breakdown of 0.7200 occurred Yesterday. Since April […]
Daily Outlook The EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occurred 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 […]
Morning Report: 07.00 London This morning, the US dollar remains on the back foot following poor economic data yesterday. Housing starts and Capacity Utilization Rate both dropped below expectations, while global tensions eased. The US dollar index has dropped off the highs for the second straight highs. By contrast the British pound enjoyed strong interest, […]
The financial industry is one of the largest in the world. It is the backbone of most economies and if it fails, chances are that other industries will fall as well. This is because, the finance industry provides other industries with capital to grow business. They provide the capital knowing very well that the companies […]
Here are the latest developments in global markets: FOREX: The US dollar is set to extend its gains for the fourth day in a row against the Japanese yen (+0.25%). The pair posted a fresh 4-month high of 110.73 during the early European session as the long-term US Treasury yields continued to rally, touching 3.12%, the highest level […]
Another bunch of economic data from the US was published yesterday. Industrial production in April increased by 0.7% m/m (an increase of 0.6% was expected). Capacity utilization amounted to 78% (versus expected 78.4%). Data on a started construction of houses and permits for their construction showed that 3.7% fewer construction projects were started in April […]
The price of the oil barrel in New York approaches 72 USD. This means that the crude oil in this quarter recorded a two-digit increase and its prices since the end of December 2017 increased by almost 20%. The crude oil price is, in effect, the highest in more than three years. According to the […]
Recently, the GBP/USD pair has been trading sideways at the price of 1.3511. According to the H1 time – frame, I found rejection of the supply trendline in the background, which is a sign that buying looks risky. I also expect the end of a bullish corrective phase (abc), which is another sign of weakness. […]
Take the path towards the light or follow the stairs to darkness. Then once you have chosen Sith or Jedi slice your friend in half with a lightsaber. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#244786 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy […]
This is the Dukascopy Spike Controller report for Thursday, the 17th of May. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 1.1 pips. The pair gained some ground as it rose from the low of 1 1764 by a total of point 63% or 74 pips. Spreads have been […]
The second extensive seminar series started in Thailand this year will soon reach two further destinations: the cities of Phitsanulok and Hat Yai. Due to be held in Phitsanulok on 7 July and then in Hat Yai on 21 July, the seminar titled The Avramis Trend Reversals and Breakouts will be presented by acknowledged trading […]
Japan’s inflation figures for the month of April are due on Thursday at 2330 GMT. The numbers are expected to show an easing in core CPI, this being the measure targeted by the Bank of Japan in its policymaking, and point towards the direction of further monetary policy divergence between the Japanese and US central […]
Recently, the USD/JPY pair has been trading upwards. As I expected, the price tested the level of 110.75. According to the H1 time – frame, I found broken bullish flag in the background, which is sign that buyers are in control. I also found rising MACD histogram, which is another sign of strength. My advice […]
The Bitcoin (BTC) has been trading sideways at the price of $8.235. As I expected, the price tested the level of $10.353. In less than five hours, zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive […]
The GBPJPY pair has rallied to the resistance trend line at 149.710, only to rebound lower and test Tuesday’s high at 149.182. The rally was the result of reports that the British Government is to maintain the Customs Union with the EU past 2021. While this is positive news, it does lead to questions about […]
NZDUSD has come under renewed selling pressure, falling below its 20-simple moving average (SMA) after the pullback on the 40-SMA in the 4-hour chart. Despite the latest bounce off, the pair has not posted a fresh lower low, yet, but the technical indicators are endorsing the negative pressure. Looking at momentum indicators, in the short-term […]
You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s hourly models are mostly neutral. Mid and long terms both have 5 sell signals, which are backed up by the more than 30% short interbank sentiment. Pound/Dollar has neutral signals across the table, […]
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Here are the latest developments in global markets: FOREX: The US dollar index is lower on Thursday, albeit by less than 0.1%, still hovering near the five-month highs reached earlier in the week. The US currency barely rose yesterday even though the yields on longer-term US Treasuries continued to climb, reaching fresh multi-year highs. Elsewhere, sterling […]
On 12th May, the Investors’ Gala Night took place in Frankfurt, Germany, with the sponsorship of XM, which can be considered to be an event of major importance for all those interested in the world of online investing and finance. The prestigious gala night was organized on the premises of one of the most picturesque […]
