NZDUSD is moving lower over the last couple of hours after the bullish run it created in the previous days. However, the aggressive buying interest pushed the price above the key level of 0.7350 and posted a 2-week high of 0.7410, indicating further upward tendency. Short-term momentum indicators are also pointing to a continuation of […]
The EURGBP pair is testing resistance at 0.89000 once again. There is resistance from this level up to 0.90500, with probes into this area over recent months failing and dropping back to support below 0.87500. As a result, the pair has formed a descending channel with the lower support around 0.86500. Support under the current […]
Valentine’s Day leap in yields and interest rates sees gold price rise… OKAY, this is weird, writes Adrian Ash at BullionVault. “Increase in US inflation sparks bond sell-off,” as the Financial Times reports. “Treasury yields hit 4-year highs,” the FT goes on, referring to the interest rate now offered by 10-year bonds, […]
In the past five days, the price if crude oil has fallen sharply, by about 46 degrees, following traders’ fear that US production could lead to a surplus. The price has fallen from its three-year high of $66.50 to a low of $58.05. Yesterday, the price started to recover some of its lost losses after […]
The Australian Dollar gained 30 basis points against the dollar following the data from the Australian Bureau of Statistics. In the highly anticipated data, the economy added 16K jobs in January, beating the analysts’ estimates of 15.3K. At the same time, the unemployment rate remained unchanged at 5.5% in line with the analysts forecasts. This […]
Apple stock price reached a 2-week high of 167.41 during Wednesday’s US session as the price extends its bullish run, following the rebound on the 150.00 critical psychological level. Also, the stock completed the third straight green day hitting the 20-day simple moving average, which overlaps with the current 167.30 resistance level. In the daily […]
UK retail sales for January are due to be released at 0930 GMT on Friday and forecasts point to a rebound in monthly terms following a sharp decline previously. Should the actual prints show that UK consumer spending remains on a decent track despite the squeeze in real incomes, that would be another factor enhancing […]
It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar rose by 63 pips, but most of the gains were given up after the daily high of 1 2511 was reached. Traded volume is average and neutral sentiment of the market players is 7% long. Rise was […]
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. […]
Hello and welcome to the Economic Calendar for Friday, 16th of February, which is a market holiday in China. UK retail sales report for January is out first at 9:30 in the morning. Sales were expected to contract in December, but they disappointed with a bigger than expected drop of 1 and a half percent […]
Today, the Bureau of Labor Statistics (BLS) released its latest data on the country’s inflation. The data showed that the US inflation rose by 0.3%, beating the analysts’ consensus of 0.2%. The annualized CPI rose by 1.8% against the expected 1.7%. As a result, the dollar rose against its main peers. The dollar index was […]
Here are the latest developments in global markets: FOREX: Stronger-than-expected consumer prices on Wednesday failed to support the dollar, pushing it even lower on Thursday despite markets increasing their expectations on the number of rate hikes delivered by the Fed. Investors seem to be cautious as they worry that the US national debt could surge […]
Bitcoin (BTC) has been trading upwards. The price tested the level of $9.909. Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, CryptoUK, has stated that its principal aim is to “improve industry standards and engage policymakers.” The technical picture looks overbought. Trading recommendations: According […]
Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2510. Anyway, according to the 30M time-frame, I found that the price failed to test a pivot resistance 1 at 1.2515, which is a sign that buyers lost power. I also found a hidden bearish divergence on the stochastic oscillator, which is […]
Recently, the USD/JPY has been trading downwards. The price tested the level of 106.17. Anyway, according to the 30M time-frame, I found a falling wedge pattern in creation, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator and a morning start candle formation, which […]
This is the Dukascopy Spike Controller, where we help you get the best deals from your broker. Euro/Dollar’s daily average spread is point 37 pips and peak of a considerable 20.6 pips took place yesterday. The pair has appreciated by almost 2% or 235 pips to break through the key psychological level of 1 25. […]
The seven largest cryptocurrency companies in the world joined forces to create CryptoUK, the first of its kind, a trade association whose aim is self-regulation in the British digital currency industry. CryptoUK consists of global trading platforms and cryptocurrency services: Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares and CommerceBlock. CryptoUK intends to work with the UK […]
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:EUR/USD. Analysis for April 12th. The euro falls down under… April 12, 2024 The wave analysis […]
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-February 15th 2018 Related Posts:Analysis of GBP/USD. […]
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:EUR/USD. Analysis for April 12th. The euro falls down under… April 12, 2024 The wave analysis […]
Here are the latest developments in global markets: FOREX: The dollar index fell 0.4% on Thursday, extending the significant losses it posted on Wednesday in the aftermath of the US CPI and retail sales data. STOCKS: US markets finished the day notably higher yesterday, erasing earlier losses, despite the stronger-than-anticipated US inflation prints for January. The Nasdaq […]
The growing stock market indices and the weaker USD sentiment remained on the Asian part of the session. USD/JPY deepens declines, and comments from the Japanese government do not bother. Data from the Australian labor market fell short of expectations, although with a deeper analysis they are not too good. The liquidity is limited due […]
The Dollar index bounced off the cloud support after the CPI report yesterday. Initial reaction was in favor of the Dollar but soon trend reversed lower and price broke below the crucial support of 89.60. Red line – resistance trend line The Dollar index broke below the Kumo support once again changing trend to bearish […]
Gold price reacted negatively after the CPI report yesterday, as Dollar strengthened, but very fast afterwards price reversed upwards and took back all its losses. Price was then trading at the $1,334 resistance are by our Kumo (cloud). As Dollar weakened, Gold price broke above next resistance at $1,344 and moved back above the $1,350 […]
Morning Report: 07.00 London This morning, the Japanese Yen has hit 15 month highs against the US dollar, sending the USD/JPY spiralling. This came despite bigger than expected US inflation data that sent Treasury yields sharply higher. The USD/JPY is now down 2.22% on the week, with the yen pairs generally nursing hefty losses on […]
Find out how the interbank compares with the technicals at 8 AM GMT by watching the Dukascopy Daily Trading Signals. Euro/Dollar’s 1 and 4 hour models are predominantly bullish, but outlook is mixed in the long term. Interbank sentiment is almost 30% long, in line with the short and mid term signals. Pound/Dollar’s outlook is […]
Breaking forecast 02/15/2018 EURUSD: Attempting a breakthrough. Our position on buying the euro from 1.2395 opened yesterday and closed the deal with profit this morning: Valentine’s Day and US inflation news did not disappoint us. Inflation data in the US showed an increase to + 2.1% annually – it is important that inflation became above […]
Technical outlook: The EUR/USD weekly chart has been displayed here with partial labeling for a bigger picture review. Please note that the pair is heading towards a major resistance zone as depicted here and we are watching for a bearish reversal around those levels 1.2600/2700 on the top side. Also note that a 10 year […]
US Inflation data was released yesterday, with the initial reaction seeing USD pairs strengthen and Equities selloff. However, once the first 15 minutes had passed, post data, the trend reversed and the USD weakened further while Equities were short squeezed and bid higher. The US 500 Index dropped from 2672.90 to a low of 2627.7 […]
USDJPY dipped sharply lower on Wednesday, while it posted the third red day in a row and created a new 15-month low of 106.29 during today’s Asian session. The aggressive bearish rally started after the fall below the 50.0% Fibonacci retracement level near 108.80 of the up-leg with the low of 98.96 and the high […]
