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What is the outlook of the EURUSD in Q2? Will the Aussie rebound? How would a potential U.S.-China trade war affect the Japanese Yen? All of these burning questions and more are answered and analysed by FXTM’s expert Market Research team – including Jameel Ahmad (Global Head of Currency Strategy and Market Research) and Lukman […]
All our upside targets which we predicted in yesterday’s analysis have been hit. USD/JPY is expected to trade with a bullish outlook. Though the pair posted a pullback and fell below its 20-period moving average, it is still staying above its rising 50-period moving average. The relative strength index stands firmly above its neutrality level […]
Yesterday, the price of Bitcoin jumped more than $1,000, from $6,900 to $8,000, in a single hour. This is the biggest market movement over the last few weeks. On Friday, BTC has continued to rise, showing an increase of 18% in the last 24 hours. The leading altcoins have also jumped 13-15%. There haven’t been […]
This week was a bit interesting from the political, trade, and security issues. Major news broke that will ultimately have major implications in days to come. From the political side, the Mueller investigation continued with the president considering firing the deputy attorney general. The consensus among most Trump supporters is that the investigation is a […]
EURCHF spiked higher on Thursday, stretching its upleg started at the beginning of March to a fresh three-year high of 1.1886. While the sentiment remains positive, with prices continuing to trend above the Ichimoku cloud and all the simple moving average lines, momentum could fade in the short-term according to technical indicators. The RSI is […]
Equity markets managed to regain their footing this week, as major concerns regarding protectionism and geopolitics appeared to be easing. While more waves of risk aversion are not to be ruled out over the coming weeks, given that many hazards still loom, the broader picture on both the trade and the geopolitical fronts seems to […]
GOLD PRICES failed to hold an overnight rally in London on Friday, dropping back to show no change for the week in Dollar and Euro terms as Moscow hit back at US sanctions and accused a “Russophobic campaign” of staging last weekend’s chemical attack on civilians in Syria. Trading back at $1337 per ounce, […]
EUR/JPY There is a bullish bias on the EUR/JPY cross. Price has risen by over 150 pips this week, and it is now above the demand zone at 132.50. The next target may be the supply zones at 132.00 and 132.50. There are also supply zones at 132.00 and 131.50, which may impeded any pullbacks […]
USD/JPY The much awaited volatility has come back to the market. Price has risen significantly and it has closed above the demand level at 107.50. The next targets would be the supply levels at 108.00 and 108.50, which would soon be breached to the upside, as more buying pressure comes into the market. The EMA […]
USD/CHF Much has not changed as far as the USD/CHF pair is concerned. This pair has started going upwards and it would soon reach the resistance level at 0.9650, which would be breached to the upside as price goes towards another resistance level at 0.9700. A directional movement will soon start. There is a slight […]
The total market capitalisation of cryptocurrencies surged back above $300bn, as broad-based buying saw digital currencies recover from lows. On Thursday morning, Bitcoin jumped by more than $1000 to trade over the $8000 handle. Ethereum also made a significant upside move to trade above $500. The recovery could be attributed to a number of factors. […]
It’s time for the midday snapshot where we assess the performance of traders until 12pm GMT this Friday. First up is the EUR/USD which has moved up and down throughout the day to post a loss of 39 pips leaving it point 14% in the red at midday. Sentiment is neutral at 2% long and […]
It will be an important week for major economic releases over the next seven days with key indicators due from all the big markets. Inflation and retail sales data will dominate the calendar followed by employment numbers. A policy meeting by the Bank of Canada will also be eyed. However, with geopolitical risks currently running […]
UK 100 index has reversed back up again after finding support at the 16-month low of 6760. The index is on track to record a third green week, however, looking at the 4-hour chart, the price is stuck below the 50.0% Fibonacci retracement level of the downleg from 7806 to 6760. The technical picture supports that the range […]
Here are the latest developments in global markets: FOREX: While war and trade risks have not fully faded, Trump’s tweets on Thursday showed that the US president is considering to rejoin the Trans-Pacific free trade partnership, which he pulled out in his first months in the role. His remarks also indicated that he wanted to avoid […]
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:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from a […]
EURGBP has declined considerably after recording a four-and-a-half-month high of 0.8967 in early March. Earlier in Friday’s trading it touched 0.8627, this being its lowest since May 24 of last year, while it is currently trading not far above this trough. The Tenkan- and Kijun-sen lines are negatively aligned and the RSI is heading lower, […]
The minutes of the March meeting of the ECB were dominated by a cautious tone and an indication of the risks for the economic outlook. It was noted that the removal of the dovish attitude from forwarding guidance regarding the asset purchase program “should not be misunderstood” and the Council still leaves the option of […]
Global macro overview for 13/04/2018: Market sentiment at the end of the week remains good. Although the risks associated with the trade war and geopolitics (Syria) are still present, the last 24 hours bring rather calming comments, which supports the risk appetite. However, a weekend is coming, where something can always happen, so there are […]
Make sure your broker isn’t being dodgy by watching this week’s last spike controller brought to you by the Dukascopy TV team. We begin with the Euro-US Dollar which has a daily average spread of point 31 pips and a daily maximum spread of point 9 pips. The high and low difference for this pair […]
The UK 100 Index has positioned itself in a holding pattern over the last three days, after breaking above the resistance level of 7224.50 on Tuesday, with this level now becoming firm support. Further support comes from the 50 DMA at 7201.00, with a move under here handing control back to bears, who may try […]
Bitcoin has been impulsive with the bullish gains since yesterday. At present, the price is currently proceeding with the unchanged momentum towards $8,500 area. Without any strong fundamental news on the Bitcoin, certain bullish pressure is expected to be the reason of the involvement of big investors like George Soros in the market. The more […]
NZD/USD has been impulsive and non-volatile with bullish gains which are expected to proceed higher in the coming days. USD has been struggling with the gains against NZD due to recent downbeat high impact economic reports which made the NZD sustain its gains despite mixed economic reports from New Zealand. Today, Business NZ Manufacturing Index […]
The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $8,096. Trying to take its share of the profits, the government of Latvia may accept cryptocurrencies as a legal means of exchange. This year’s tax filing campaign is underway and officials don’t have much time. Two parliamentary commissions and […]
Recently, Gold has been trading downawrds. As I expected, the price tested the level of $1,334.38. Accoridng to the M30 time – frame, I found a broken bullish support line in the background, which is a sign that sellers took control from the buyers. Currently, Gold is trading in the corrective mode and a potential […]
AUD/JPY is quite impulsive with the bullish gains after the break above 82.00 price area recently. Recently published mixed economic reports of JPY lead the price to become more impulsive with the AUD gains whereas further bullish pressure is expected in the coming days. Recently JPY BOJ Governor Kuroda spoke about the monetary policies and […]
Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.4295. According to the M30 time – frame, I found that buyers are in control, which is a sign that selling looks risky. I also found a broken resistance and hidden bullish divergence on the moving average oscillator […]
Morning Report: 07.00 London This morning, the euro remains under pressure following yesterday’s sharp sell-off. The minutes from the last ECB minute showed a complete lack of any hawkish sentiment that many hope for and expected. The EUR/USD erased all of yesterday’s gains and most of Wednesday’s advances. Meanwhile, the EUR/GBP plunged to its lowest […]
A new trading week brings a fresh set of economic publications to trade on, so let’s take a look. Swiss Producer Price Index for March opens this agenda at a quarter past 7 AM. The Producer and Import Price Index rose by point 3% in February due in particular to higher prices for chemical and pharmaceutical products. […]
