Technical analysis of USDX for January 11, 2018

The Dollar index initially was weak due to the announcement by the Chinese officials regarding the attractiveness of US Bonds. Price has broken during the day below 92.20 and tested support at 91.75. The lows were not tested, and price made a higher low. Blue line – long-term resistance USDX got rejected at the 38% […]

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Daily financial news by- Binary.com- January 11th 2018

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through Binary TV. From stocks and commodities to global currencies, indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from Binary.com Daily financial news by- Binary.com- January 11th 2018 Related Posts:Bitcoin collapses […]

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11.01.2018 – Trading Signals by Dukascopy

These are the Primary Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 5 sell prompts in the short-term. The mid and long-term scales turn neutral with 4 models each, but, in contrast, the interbank is quite bullish at more than 33% long. 7 signals […]

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Draghi’s Headache on the 2018’s Monetary Policy

In the December ECB meeting, there was no new news. As expected, the MPC left rates unchanged and signaled a continuation of their easing program. As you recall, in the October meeting, the committee announced a plan to continue implementing the asset purchases until September this year. This January, the asset purchases will be reduced […]

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Daily technical Insight – USDCAD Technical Analysis: The Contrarian Case

In 2017, the dollar fell more than 10% against its global peers. Among the currencies that strengthened against the dollar was the Canadian Dollar. The dollar fell from a high of 1.37844 to a low of 1.2063 in September. After that, the dollar tried to recover, rising to the 1.2902. It didn’t go well. As […]

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Important Notification – January Bank Holidays 2018

We would like to inform our clients that due to Martin Luther King Jr. Day and Australia Day, the trading hours of various instruments will be affected on 15 and 26 January 2018. The normal trading hours will be resumed from then onwards. Please review the tables below to see which instruments will be affected […]

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11.01.2018 – Support and Resistance by Dukascopy

Good morning, traders, the Dukascopy TV team is here with another Support and Resistance Level Report. Euro/Dollar is currently trading in the range limited by R1 of 1 1990 and S1 of 1 1940. R2 is confirmed by Bollinger Upper Band, Price Channel Indicator Upper Line, a 2 year high and 4 other studies, and […]

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Technical analysis of gold for January 11, 2018

Gold price made a new high yesterday near $1,328 but the oscillators did not confirm it and price fell back down towards $1,315. Price is trading in a sideways manner right now in a tight range. Blue line – diverging highs Red line – support Gold price is trading above the Ichimoku clouds. Trend remains […]

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Burning Forecast 01/11/2018

Burning Forecast 01/11/2018 EURUSD: We expect a strong move. On Thursday, forex traders are waiting for two important news that can stir the market: The report from the last meeting of the ECB – on the expectation of market data that was shown yesterday on January 10, a sharp increase and a strong pullback afterwards. […]

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Fundamental Analysis of USD/CHF for January 11, 2018

USD/CHF has been quite volatile with the bearish gains recently which lead some corrections along the way towards 0.97 to 0.9850 area. CHF has been quite positive with the economic reports this week which lead to recent bearish pressure where USD failed to sustain its gains. The trend is still bearish while USD have some […]

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Jan 11th, 2018: Aussie Boosted by Retail sales

Morning Report: 07.00 London This morning, the Australian dollar is powering higher on better than expected retail sales. The AUD/USD is performing better, but it’s the AUD/JPY that is setting the pace and erasing most of yesterday’s losses. The yen pairs are generally performing well as the week’s earlier yen surge retreats. The USD/JPY and […]

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Markets Move on China News

During yesterday’s trading session headlines broke that China would reduce or halt its purchase of US Treasuries. This set off moves in Currencies, Commodities, Bonds and Stock. Gold reached a high of 1327.5, the US 10-Year got to a high of 2.59%, SPX 500 fell to 2736.50, while USDJPY fell to 111.285. GBPUSD jumped up […]

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Technical Analysis – USDJPY sees near term risk skewed to the downside

USDJPY has turned more bearish in the near term after the break below the key 112 level and 200-day moving average yesterday to reach its lowest level in six weeks. Momentum is weak and the daily RSI is indicating a bearish bias after dipping below 50. Risk remains skewed to the downside until prices make a […]

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The dollar returns to the growth trajectory

The first data on the dynamics of prices in the US are not encouraging. Import and export prices, indirectly reflecting trends with consumer inflation, could show growth against the background of a weakening dollar in recent months. However in practice, the data came out slightly worse than expected. Export prices decreased in December by 0.1% […]

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Fundamental Analysis of EURGBP for January 11, 2018

EUR/GBP has been corrective for a few months now which is expected to have a break upward as of the current market structure. EUR and GBP have been fighting over to define a specified trend in the pair where EUR is expected to have an upper hand in the coming days. EUR has been better […]

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NZD/USD continues to form a reversal signal, remain bearish

The price continues to hover around our selling area and is forming a nice reversal signal with a strong shooting star candlestick formation signaling selling pressure. We are still unable to break through our ascending channel which would be the major trigger for our bearish move. For now, we remain bearish below major resistance at […]

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USD/JPY on major support, prepare for a bounce

The price has dropped strongly and is now testing major support at 111.37 (Fibonacci extension, horizontal swing low support, bullish bat harmonic formation) and we expect to see a strong bounce above this level to push the price up to at least 112.13 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension). Stochastic (55,5,3) is seeing […]

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Daily analysis of major pairs for January 11, 2018

EUR/USD: The pair made both bullish and bearish attempts on Wednesday. The market is a kind of directionless at the moment, but a movement of 100 pips to the upside or to the downside is still expected this week. A movement to the downside would bring about a bearish bias, and the support lines at […]

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Daily analysis of USDX for January 11, 2018

The index managed to make a pullback at the 200 SMA, according to the H1 chart, following a series of fractals formed across the board. USDX is now looking to test January 3rd lows in an effort to strengthen the bears for the short-term. If the index manages to break above the resistance level of […]

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Daily analysis of GBP/USD for January 11, 2018

GBP/USD is hovering around the 200 SMA and remains well supported by the 200 SMA at the H1 chart. If a rebound happens around that area, the next target to the upside lies at 1.3589, where a breakout should open the doors to test the critical psychological level of 1.3700. To the downside, we cannot […]

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Aussie retail sales boom, China PM GDP forecast, SK clampdown on Cyptos?

Forex Market Reviews: http://thefxlounge.com/#Market-Review -BTC falls =11% to $13.4k per coin -Positive data from Aussie & Japan overnight -China PM sees solid GDP figure for FY 2017. -SK discusses a blanket ban on Cryptocurrencies. -China denies US T-Bond story. -Why you should always do your own research. The overnight changes and price moves to be […]

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Survey: Highest Percentage of Bulls in 40 Years

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Stock market bulls are having a “happy new year” indeed, and at least one Wall Street bank expects equity prices to be even higher at the end of 2018. The bulls may end up being right, but from observing market behavior for almost 40 years, here at EWI we know this… http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How […]

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Australian Retail Sales – will it affect the aussie’s bullish rally?

The Australian dollar had a strong upside rally in the previous four weeks, driving the aussie/dollar pair to a new three-month high. A question is if the prices will continue to rise after the release of retail sales overnight and more importantly during the year as the Reserve Bank of Australia (RBA) remains concerned about […]

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Chinese trade figures due; potential aussie reaction – Forex News Preview

Chinese trade data for the month of December are scheduled for release on Friday at 0445 GMT. Analysts forecast exports and imports to grow solidly, though at a softer pace relative to November, a month during which both figures stormed past expectations to expand by double digits on a yearly basis. Exports and imports are […]

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Stock market news – Nikkei 225: Higher, with a little help from the BoJ?

The Nikkei 225 was on a tear in 2017, as Japan’s economic recovery and the Bank of Japan’s (BoJ) massive stimulus program helped the popular index to reach multi-decade highs, finishing the year 21.5% higher. A continuation of this environment could support the Nikkei even further in 2018, though the pace of the index’s appreciation […]

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10.01.2018 – Movers and Shakers by Dukascopy

There have been some significant shifts on the FX markets on this Wednesday, so let’s see where the 8 majors trade at 3 PM GMT. Sterling took a sharp slide against the Japanese Yen and the pair has lost 1.25%, which is the day’s top move. US stocks have opened in the negative territory and […]

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Technical Analysis – EURJPY extends downtrend; risk of more downside

EURJPY extended its bearish phase by dropping another leg lower into the 133 handle. The downtrend since January 5 from the high of 136.63 has not shown signs of reversing. RSI on the 4-hour chart is well into bearish territory although close to oversold levels. This suggests some easing in downside pressure for now. Short-term […]

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EUR/GBP Technical Analysis: Just a Matter of Time

EUR/GBP Technical Analysis: Just a Matter of Time In the past five days, the EUR/GBP pair has fallen from a high of 0.8926 to a low of 0.8806 as shown below. Since then, the pair has been going back and forth, trying to establish weak support and resistance points between the 0.8834 and the 0.8806 […]

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11.01.2018 – Economic Calendar by Dukascopy

Thursday brings a number of known market movers, so let’s take a closer look. Coming up first at 9 AM is the high importance preliminary estimate of German Annual GDP for 2017, and the market consensus is that the German economy has picked up speed. Bank of England fourth quarter Credit Conditions Survey follows 30 […]

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Global macro overview for 10/01/2018

The passing night brings two waves of sudden appreciation of the Japanese Yen without a clear justification in the news feed, although the technical levels breaking and the flight of investors who do not know what is happening is doing its job. As yesterday’s USD / JPY drop would have been a reaction to reducing […]

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