The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of […]
Inflation remains the main story as markets try to figure out just how high yields might climb. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a […]
This week, the global financial markets continued to stabilize following weeks of increased turmoil. Here are some of the most important updates of the week. Cryptocurrencies This week, the cryptocurrencies market started positively. On Tuesday, the currencies reached a weekly high with bitcoin reaching a high of $11,797. Since then, the currencies started going down […]
GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down. Failing to set a 4-year weekly closing high […]
The undecided behavior of the USD this week raises uncertainty among market participants. The USD has had a weak Thursday, a recovery during the night session in Asia and the return of troubles at the opening of Europe. In general, however, we do not move much in any direction. There is a lack of conviction […]
Bitcoin (BTC) has been trading sideways at the price of $10.050. The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]
Recently, gold has been trading sideways at the price of $1,328.20. According to the 30M time frame, I found that the price is trading in the range between the support of $1,322.00 and the resistance $1,332.00. Gold is in the downward trend and my advice is to watch for selling opportunities with a potential target […]
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]
The crypto market entered a new correction phase in the middle of the current week, a phase associated with investor doubts regarding the market’s future. The total market capitalisation fell to $434 billion, down from the $500 billion levels it had reached earlier. Many Bitcoin investors were observed selling the cryptocurrency as it faced resistance […]
Cryptocurrencies continued their recovery from deep losses experienced over the last month but have seen a retracement over recent sessions. The positive sentiment has been helped by new developments in South Korea, where the regulator changed its tough stance on cryptocurrency trade and indicated that they plan to normalize the virtual coin business in a […]
A follow up to last month’s webinar, trading without a strategy or risk management is a fools’ errand. Join again easyMarkets’ Senior Global Strategist James Trescothick in his interactive webinar, where he will show you how strategies are developed for different trading styles. REGISTER NOW The post Forex Webinar: Building Strategy – PART 2 appeared […]
Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3994. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of 1.3989, which is a sign that buying looks risky. I also found a overbought condition on the stochastic oscillator, which is another […]
You’re watching the Dukascopy Economic Calendar for Monday, 26th of February, which is the slowest day of this week in terms of economic publications. US Residential Sales report for January opens this agenda at 3 PM GMT. New home sales dropped by 9.3% in December to 625 thousand, but this was still 14.1% above the […]
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:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull back […]
It’s noon GMT on this week’s last trading day, so let’s see how traders have managed to work out the rate movements. Euro/Dollar declined by 52 pips, but most of the loss was recovered in a following rise. Traded volume is average and neutral sentiment is 3% long. Bears had their chances early on, but […]
Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with […]
EURCAD has advanced considerably since roughly the beginning of the year, hitting a two-year high of 1.5687 during Thursday’s trading. Price action is at the moment taking place not far below this peak. The Tenkan-sen line being above the Kijun-sen one is pointing to a bullish short-term momentum. However, the Chikou Span suggests that the […]
The Financial Times gave 17 reasons for the weakening of the US dollar, and as if to spite the tabloid, the US currency is beginning to strengthen. It must be understood that the press finds out about all of the latest events, and if you want to survive in the market, you need to get […]
EUR/CAD has been non-volatile with the gains after breaking above the 1.5350 price area which is expected to be retested in the coming days. Due to recent worse economic reports from Canada, EUR has been the dominant currency in the pair with mixed economic reports. The weakness of CAD emerged, having minimum development after the […]
USD/JPY is expected to trade with a bearish outlook as the key resistance is at 107.60. The pair is off the low of 106.58 seen overnight (February 22). Currently, it has returned to levels above the descending 20-period moving average while being capped by the 50-period one and the key resistance at 107.15. The relative […]
USD/CHF is turning down. The pair retreated from 0.9410 (the high of February 22). The 20-period moving average crossed below the 50-period one. The relative strength index shows downside momentum. Hence, as long as 0.9380 holds on the upside, look for further drop to 0.9315 and even to 0.9280 in extension. Chart Explanation: The black […]
GBP/JPY is expected to trade with bearish outlook as key resistance is at 149.50. Although the pair posted a rebound from 148.50, it is still capped by a declining 50-period moving average. The upside potential should be limited by the key resistance at 149.50. The relative strength index is below its neutrality level at 50. […]
Dukascopy Forex TV Team is back with the Spike Controller, so you could make sure your broker is staying honest on this week’s final trading day. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 2 pips. The pair rose yesterday by point 71% or 87 pips, but most of […]
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 […]
EUR/GBP is currently showing bearish squeeze towards 0.8700-50 support area which is expected to break below in the coming days. Despite having worse economic reports recently, GBP sustained it momentum against EUR which is expected to continue further in the coming days. Today the German Final GDP report is going to be published which is […]
Wave summary: EUR/JPY should continue to move lower towards the next downside target near 127.52 on the way towards the ideal wave (E) target seen at 123.43. Short-term resistance is now seen at 132.10 and again at 132.50, while the ideal resistance at 132.10 will be able to cap the upside for the expected push […]
Our first downside target which we predicted in yesterday’s analysis has been hit. NZD/USD is under pressure. The pair retreated and broke below its 20-period and 50-period moving averages. In addition, the 20-period moving average is turning down. The relative strength index is heading downward. To conclude, as long as 0.7335 is not surpassed, look […]
When the European market opens, some economic data will be released such as the Final Core CPI y/y, Final CPI y/y, German Final GDP q/q. Meanwhie, the US will unveil the Fed Monetary Policy Report. Therefore, amid the reports EUR/USD will move with a medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: […]
In Asia, Japan will release the SPPI y/y and National Core CPI y/y while the US will unveil the Fed Monetary Policy Report. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 107.41. Resistance. 2: 107.20. Resistance. 1: 106.99. Support. 1: 106.74. […]
