NZD/USD found support at the dynamic level of 20 EMA today which is expected to push the price higher in the coming days. New Zealand published mixed economic reports whereas the market sentiment favours USD ahead of the possible rate hike in March. Recently, New Zealand’s PPI Input report was published with better than expected […]
AUD/USD has been quite impulsive with the bearish pressure which is currently proceeding towards the support area of 0.7750. AUD has been struggling with the worse economic reports recently which affected its gains against USD. Recently, the Australian Construction showed an increase to 19.4% from the previous reading of 16.6% which was a significant decrease […]
USD/CAD has been quite impulsive with the bullish gains recently after breaking above 1.2620 resistance area which has also been retested as support. USD has been quite impulsive with the gains recently having Rate Hike prediction in March which is expected to inject more USD bulls in the process whereas CAD has been struggling with […]
Oil prices tumbled in February, erasing the gains they posted earlier in the year, amid signs of surging US production and the broader stock market unrest. The precious liquid has stabilized somewhat in recent days, but given that the increase in US output shows no signs of abating, this may simply be a reprieve before […]
Retail giant Amazon reached a fresh all-time high during Wednesday’s trading, exceeding $1,500. By the end of the session it lost some ground amid a broader market retreat, though it still finished the day higher, with its market capitalization settling at $717.9 billion. For a bit of perspective, retailer Walmart, whose stock price recorded losses […]
AUDUSD has reversed back down again after finding resistance at the 0.7990 resistance level achieved last week. Also, the price slipped below the 23.6% Fibonacci retracement level at 0.7826 of the up-leg with the low of 0.6820 and the high of 0.8100 in the medium-term timeframe during yesterday’s session. The downside pressure seems to be […]
As the US government looks to raise $258 billion in Treasury auctions this week, the risk from a ballooning US deficit is weighing on investors’ minds as concerns grow about the sustainability of the worsening fiscal shortfall in the United States. The prospect of a burgeoning budget deficit comes at a time when the country’s […]
In the last three months of 2017, the British economy grew at a quarterly rate of 0.4%, which clearly disappointed economists as a rise of 0.5% was expected. The lower reading was significantly influenced by lower individual consumption (0.3%, consensus: 0.4%), whose impact was strongly sought by the increase in the government spending (0.6%, consensus: […]
The Dollar extended gains against a basket of major currencies on Wednesday following January’s hawkish FOMC meeting minutes. Sterling ventured lower on Thursday after UK GDP data for the final quarter of 2017 was revised down. In the commodity arena, Oil prices were pressured by the oversupply concerns while Gold edged lower thanks to an […]
The minutes of the January FOMC meeting did not include any hawkish hints, which resulted in temporary disappointment of investors and weakening of the US Dollar. Nevertheless, the assessment of the outlook for the US economy which was raised in the recent FOMC statement means that the March interest rate hike is decided. Such a […]
GOLD BULLION rallied just $3 off a 1-week low versus the rebounding Dollar on Thursday as world stock markets fell after notes from the Federal Reserve showed the US central bank expects to keep raising its key interest rate in 2018. China’s stock market opened sharply higher on the first trading day of the […]
The New Zealand Dollar has been strengthening on improving inflation expectations, as reported in a recent Reserve Bank of New Zealand (RBNZ) survey. Earlier this week, a government-commissioned report on the economic impact of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) estimated the economy would grow between 0.3 percent and 1 percent, with exporters having […]
NZDUSD is trading lower over the last four days after it created a double top at the 5-month high of 0.7435 on February 16. The double top reversal is a bearish pattern indicating further losses on the price action. When looking at the bigger picture the pair lacks a clear trend since it has been consolidating within 0.7175 – 0.7435 […]
Here are the latest developments in global markets: FOREX: The dollar index deviated below ten-day highs reached earlier in the day, but remained 0.12% up on the day, last seen at 90.07. Yesterday, the FOMC meeting minutes spurred hopes that the Fed will hike rates four times this year, giving some lift to the dollar. […]
Find out how trading has been shaping up for market players during the morning session on this Thursday by watching the Dukascopy Midday Snapshot. Euro/Dollar’s session has been calm, high and low difference is just 39 pips and traded volume is low. Sentiment of the traders is neutral, short positions are up by just 9%. […]
Here are the economic publications that could influence the FX markets on this relatively light Friday. Finalized German Gross Domestic Product report for the fourth quarter of 2017 opens this agenda at 7 o’clock in the morning. According to preliminary report, growth slowed down slightly during the last three months of last year, coming in […]
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3869. Anyway, according to the 30M time – frame, I found a successful rejection of the pivot support 1 at the price of 1.3875, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic […]
Overview: The USD/CHF pair broke resistance at 0.9361 which turned into strong support yesterday. This level coincides with 61.8% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]
EUR/USD: A bearish signal has been generated on the EUR/USD, which has been going downwards since last Friday. The EMA 11 is below the EMA 56, and the Williams’ % Range period 20 is in the oversold region. While there may be temporary rallies, the market is bound to go further downwards. USD/CHF: A bullish […]
The Bitcoin (BTC) has been trading downwards.As I expected, the price tested the level of $10.039. Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others. Experts […]
Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an 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 the further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]
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. […]
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:AUD/USD: Australian dollar remains under pressure April 16, 2024 The absence of significant macroeconomic reports from […]
The reaction to the FOMC Minutes in the US30 index was to initially rally on the positive tones coming from the Fed. However, as we have seen recently, fears about inflation took hold, sending the price tumbling lower through strong support around 25000.00 and 24876.70. The low created so far is 24589.00. A break lower […]
This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors. Averages are slightly above the point 3 pip level in all three time ranges for the Euro/Dollar. Peak separation has been 2.1 pips. The pair moved sharply down from the high […]
Goldcorp invested over 35Mio. $ into Auryn Resources which is a huge commitment for the company, the team and the properties. A lot of good drill results came out recently but many more will be released in the first half of 2018, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]
On Tuesday, February 20, the Financial Times reported that the Venezuelan government began pre-selling the world’s first Petro-based Petr Criminal Investigation (PTR) based on oil. 82.4 million Petro is already on sale, both for cash and cryptocurrency, although it remains unavailable for Venezuelan Bolivar. According to Venezuelan Minister of Foreign Trade and International Investments, Jose […]
During the night, the negative sentiment for the stock market was crystallized during the bust of Wall Street from the last few tens of minutes of trading. Futures on the SP500 are below 2700 points, the EUR/USD subsided at 1.23 and USD/JPY is below 107.50. Profitability of 10-year US Treasury bonds is growing towards long-term […]
The Dollar index has reversed its short-term trend to bullish. The price is breaking above important resistance levels for the short-term and is challenging medium-term trend change levels. There is many chances the Dollar index decline from 103.60 is over. Red line – long-term resistance The Dollar index has broken above the Ichimoku cloud in […]
The Gold price is trading below the 4-hour Kumo. This is a short-term bearish sign. The price bounced towards cloud resistance yesterday and was unable to break it. The price got rejected and moved to new lows yesterday. The price is making lower lows and lower highs. The price is below the Ichimoku cloud. Resistance […]
