For the first time since December, gold went beyond the trading range of $1300-1360 per ounce against the background of the growth of the yield of 10-year US Treasury bonds to 7-year highs. Strong statistics on American retail trade in April made investors believe in a bright future of the world’s leading economy and the […]
To open long positions on GBP/USD, it is required: Buyers of the pound missed the middle of the channel 1.3500, and now the entire calculation will be on the formation of a false breakout in the area of 1.3454. In the absence of demand for the pound in this range, it is best to go […]
To open long positions on EURUSD, it is required: Pressure on the euro persists. Buyers are trying to cling to the level of 1.1792, after the test which formed a divergence on the MACD indicator. However, it is best to consider long positions in the euro after updating the larger support area 1.1765 and 1.1742. […]
GBP/USD Higher timeframes The pound reached the daily target for the breakdown of the cloud (1.3516), the target margin was 1.3421 (100% level), along with this, a corrective reduction to the monthly Kijun (1,3502) was attained. The strength of the supports has provoked the current braking , which in the near future could develop into […]
EUR/JPY Higher timeframes Reliable confirmation of rebound players on the decline yesterday was not received. The pair continues to remain in the zone of influence and attraction of several levels at the same time (daily Senkou Span A 130.82 + weekly Senkou Span A 130.65), while retaining the daytime short-term advantage (Tenkan 130.27) on the […]
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With oil demand continuously outstripping supply, and sanctions in Iran likely to take 500,000 barrels of oil per day off the markets, Angelos Damaskos, Junior Oils Trust, says that oil could hit $90 a barrel by the end of this year. ► Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 ► Trade oil with IG: https://www.ig.com/uk/commodities/oil Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: […]
Retail giant Walmart is scheduled to release its Q1 earnings report before Thursday’s US market open. The consensus recommendation for the company is “buy”, which favorably compares to the “hold” average consensus recommendation for the Food Retail & Distribution peer group. The supermarket chain’s earnings per share (EPS) are anticipated to come in at $1.12 […]
Technology conglomerate Cisco Systems is due to release its earnings report for Q1 2018 on Wednesday after Wall Street’s closing bell. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for Communications Equipment, its peer group. The California-based technology giant is anticipated to report earnings per share (EPS) […]
All our upside targets which we predicted in our previous analysis have been hit. The pair keeps trading on the upside targeting the overhead resistance at 110.45 (around the high of yesterday, May 15). Intraday bullishness is maintained by those well-directed technical indicators, including the 20-period, 50-period moving averages and the relative strength index. Upon […]
EURCHF is on course for a fourth straight day of losses, which have taken the pair from above the 1.19 level to a one-month low of 1.1770 today. The sharp sell-off, especially in the past two sessions, has shifted the near-term bias from positive to negative. The momentum indicators are supportive of the bearish picture, […]
EUR/JPY As it was forecasted earlier this week, and reiterated on Tuesday, the EUR/JPY cross has generated a bearish signal, which has cancelled the recent bullish effort in the market (for the bullish effort simply proffered opportunity to go long). The demand zone at 129.50 is now being tested. There is a Bearish Confirmation Pattern […]
USD/JPY The bias on this pair is bullish – and the trend is now in a strong position. The demand level at 110.00 has been breached to the upside, and while there is a currently a shallow bearish retracement in the market, price is now aiming at the demand level at 110.50. There is currently […]
USD/CHF This currency trading instrument has not done much this week, and price itself has nearly gone below the support level at 1.0000, which is an important level. Once the first target at 1.0050 is breached, another resistance level at 1.0100 would be aimed at; and this is something that requires a rise in volatility. […]
NZD/USD is expected to trade with a bullish outlook. Although the pair posted a pullback from 0.6850, it is still trading above the rising 50-period moving average, The relative strength index is above its neutrality level at 50 and lacks downward momentum. To conclude, as long as 0.6850 is not broken, look for the continuation […]
GBP/JPY is under pressure and expected to trade in a lower range. Although the pair posted a rebound from 147.55, it is still capped by a declining 50-day moving average. The relative strength index is mixed to bearish. The key resistance level at 149.05 should maintain the selling pressure. Hence, as long as this key […]
Good morning traders, here’s what we have on the Economic Calendar for this relatively light Thursday, 17th of May. A couple of US publications open this agenda at a half past noon GMT, including Philly Fed Survey for May. Previously the diffusion index for current general activity edged 1 point higher, from 22.3 in March. […]
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 […]
