The US 100 index has advanced considerably, managing to finish higher in the seven preceding trading days after recording a one-month low of 6,641.85 on March 2. Earlier on Tuesday, it hit a fresh all-time high of 7,185.15. The RSI has been rising lately, projecting a bullish picture in the short-term. However – and turning […]
China will see the release of numbers on February’s fixed asset investment, industrial production and retail sales on Wednesday at 0200 GMT. Barring retail sales, the figures are expected to have eased on an annual basis relative to January’s respective releases. As the readings are made public, attention will be falling on the aussie as […]
GOLD PRICES leapt against a sinking Dollar on Tuesday but quickly fell back after US consumer prices showed the fastest inflation in 6 months and US President Donald Trump sacked his Secretary of State Rex Tillerson with a tweet, one day after Tillerson called Russia “a force for instability in the world.” Trump had […]
EURNZD is touching the ascending trend line, which has been standing since February 2017. In the short-term timeframe, the price has been developing within a narrow range over the last two months with upper boundary the 1.7100 psychological level and lower boundary the 1.6720 support, which overlaps with the lower Bollinger band. Technically, in the […]
Bitcoin price has not recovered yet, with the cryptocurrency currently under further decline, now trading between $8800-$9900. The crypto market seems depressed, despite Wall Street analyst Thomas Lee’s Bitcoin Mystery Index giving a buy signal. The cryptocurrency market capitalisation is now struggling to surpass $400 billion, which begins to emerge as a new short-term resistance […]
The Japanese Yen has weakened against other major currencies in recent sessions, amid a political scandal engulfing Prime Minister Shinzo Abe’s government. Japan’s ministry of finance reported that it altered documents relating to a discounted sale of state-owned land to a school operator associated with the Prime Minister’s wife. However, the Bank of Japan (BoJ) […]
The EURUSD pair has managed to find support and resistance at previously broken trend lines and has pulled back to the 1.23000 level, forming what looks to be wedge across it. This can happen around important levels as sellers and buyers battle for control. The wedge can be a continuation pattern but can also cause […]
U.S. equities rallied sharply on Friday, after the release of U.S. Non-Farm Payrolls data. The U.S economy added 313,000 jobs last month, much better than expectations of about 205,000, with unemployment holding steady at 4.1%. Moreover, hourly earnings surprised to the downside, rising a modest 0.1% and cutting the annual pace to just 2.6%, from […]
The USDCAD pair has risen to test 1.30000 in recent sessions and has dropped back to test support at 1.28000 as a backstop. As price is caught between these areas, there is a chance we stay in the range until energy is gathered and a direction is found. The trend has been higher during recent […]
The US Monthly Budget Statement (Feb) was $-215B v an expected $-216B, against a reading of $49.0B in the prior month. This data represents the balance of the federal government’s income and spending. The February number was the biggest decline in the budget since February of 2014. Seasonally, the February data is lower than other […]
The US Nonfarm Payrolls data released on Friday showed a strong increase in job creation and, combined with the lower than expected increase in Hourly Earnings, sent the markets into risk-on mode. This was a complete reversal of the previous month’s reaction to this data series when positive sentiment evaporated as fears of inflation and […]
Yesterday, US president Trump signed to formalise Steel and Aluminium Tariffs with notable exemptions for Canada and Mexico, subject to NAFTA progress. There were also hints that exemptions would be extended to key allies. Tensions on the Korean Peninsula have eased of late, with North and South Korea sending a joint team to the recent […]
A speech by Mario Draghi and Advance US Retail Sales both are on the agenda for this Wednesday, so stay with us to find out more. Final German CPI stats for February are out first at 7 o’clock in the morning. According to preliminary report, inflation advanced by a half a percent month on month. […]
The US will see the release of its retail sales data for February on Wednesday at 1230 GMT. While consumer spending softened in January, it’s projected to have bounced back in February. If confirmed by the actual data, this would be an encouraging development for Fed policymakers, who are widely anticipated to raise interest rates […]
The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar hasn’t had an exciting day so far – rate movement is relatively flat and the pair sees 29% less than typical funds. Sentiment of the […]
Here are the latest developments in global markets: FOREX: Political scandals surrounding the Japanese Finance Minister regarding a discounted sale of state-owned land continued to pressure the yen during the European afternoon, sending dollar/yen to 107.60 (+0.80%) ahead of the release of US CPI figures which have the potential to alter risk appetite in the market. […]
CEO David Whelan of VR Education Holdings, an ‘immersive virtual reality’ education company, speaks to Jeremy Naylor about coming to the market in a £6mln IPO. This sees another tech company choosing London to list its assets. Whelan explains his decision to use London as a springboard whilst at the same time, listing the business […]
Keep your broker in check with Tuesday’s Spike Controller brought to you by the Dukascopy Forex TV Team. Euro/Dollar’s long term average spread is point 32 pips and peak separation has been point 7 pips. The pair rose yesterday by point 46% or 56 pips, but it has since traded sideways. Past 24 hours have […]
This is the Dukascopy Economic Calendar with an overview of the potential FX market movers for Tuesday, 13th of March. A high importance publication, which is the US Consumer Price Index for February opens this agenda at a half past noon GMT. CPI was up by a half a percent in January and overall index […]
This March we returned to Latin America with yet another seminar on forex trading techniques, offered to online investors dedicated to improving their investment practices with the guidance of professional instructors. The first two stops of our intensive seminar series started in Latin America this spring were Mexico City on 3rd March and Guadalajara on […]
WTI crude oil futures have been moving sideways over the last few sessions in the 4-hour chart, signaling weak momentum. The price hit several times the 20-simple moving average but failed to trade lower. Having a look at the bigger picture, oil has lost its aggressive buying interest but remains in bullish territory. In the 4-hour chart, the RSI indicator is flattening slightly […]
This is the Dukascopy Economic Calendar with an overview of the potential FX market movers for Tuesday, 13th of March. A high importance publication, which is the US Consumer Price Index for February opens this agenda at a half past noon GMT. CPI was up by a half a percent in January and overall index […]
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 […]
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:Technical Analysis – EURCHF ticks up after strong losses April 16, 2024 EURCHF remains beneath uptrend […]
This is the Dukascopy Economic Calendar with an overview of the potential FX market movers for Tuesday, 13th of March. A high importance publication, which is the US Consumer Price Index for February opens this agenda at a half past noon GMT. CPI was up by a half a percent in January and overall index […]
Here are the latest developments in global markets: FOREX: The dollar was trading higher versus a basket of currencies on Tuesday, posting notable gains against the yen in the midst of a political scandal in Japan that raises questions about the government’s ability to deliver moving forward. STOCKS: US markets were mixed yesterday. The Nasdaq […]
These are the Dukascopy Daily Trading Signals for Tuesday, where we’ll see how technicals compare with interbank at 8 AM GMT. Euro/Dollar has 4 sell signals in the hourly scale, but both the mid and long term models are mostly neutral. Interbank sentiment is bullish at 15% long. The Cable’s technicals show a similar outlook […]
Morning Report: 07.00 London This morning, the US dollar is back on the rise as investors weigh up the prospect of higher inflation fuelling rate rises. The US dollar index is rising from what appears to be short term support. The dollar pairs are mixed, with the AUD/USD and NZD/USD making gains while the EUR/USD […]
GBPUSD has been holding in a short-term valid descending trend line since January 25. The pair struggled below the 20 and 40 simple moving averages near 1.3900 and 1.3960 respectively. The bearish correction seems to still be in progress, however, the technical indicators are holding in a neutral territory. In the daily timeframe, the MACD oscillator jumped above its […]
We are pleased to inform our clients that a great number of new US stock CFDs are now available for trading on the MT5 platform of XM. As always, we keep being alert to customer feedback and responsive to the investment needs of our clients. Based on our clients’ valuable feedback, we have now added […]
