The oil futures marked the worst five-day period in the last 2 years, and only the rebound of US stock indices allowed the bulls to find the ground under the feet of the black gold. Over the past few months, Brent and WTI have confidently moved north due to optimism about improving the health of […]
This Valentine’s Wednesday is packed with high importance publication presents, so stay with us. Three important fourth quarter GDP reports from the Euro Zone open this agenda and German data is out first at 7 AM. German economy has now expanded for 13 quarters in a row. Italian stats will be published at 9 o’clock. […]
The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar rose above the 1 23 level and the pair stands point 31% in the green. Turnover is average and sentiment of the traders is neutral, 8% short. Uptrend puts bullish market players in better positions so far today. […]
Here are the latest developments in global markets: FOREX: In currency markets, stronger-than-expected inflation figures in the UK justified the Bank of England’s potential plans to raise interest rates faster than expected, pushing pound/dollar towards a four-day high of 1.3923 (+0.49%). Pound/yen, though, recovered slightly to 149.62 but remained down on the day (-0.46%) as […]
Japanese preliminary Q4 2017 GDP growth figures will be made public on Tuesday at 2350 GMT. Economists expect the world’s third largest economy to post its eighth straight quarter of positive growth. A stronger-than-anticipated pace of growth could refuel market expectations for an exit from ultra-easy monetary policy by the Bank of Japan taking place […]
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. […]
Recently, Gold has been trading upwards. The price tested the level of $1,330.00. Accorrding to the 15M time – frame, I found a successful rejection of the support at the price of $1,328.00, which is a sign that selling looks risky. I also found a higher highs and higher lows today, which is a sign […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2337. Accorrding to the 30M time – frame, I found a breakout of the pivot resistance 1, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of […]
Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $8.342. The South Korean government intends to introduce an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Service. The technical picture looks bearish. Trading recommendations: According to the 30M […]
Cryptocurrencies are following a sideways trend. On the one hand, we’ve seen some crypto-investor relief after SEC and CFTC representatives at the U.S. Senate hearing unequivocally decided not to impose any limitations on cryptocurrency trading on a national level, though the IRS plans to put together a control group to monitor operations on the cryptocurrency […]
This is the Dukascopy Spike Controller for Tuesday with a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 32 pips and maximum separation has been 1 pip. Past 24 hours have been bullish for the Single currency and the pair rose by a total of point 84% or more […]
WTI crude oil futures are continuing the bearish movement following the strong pullback from the 60.80 resistance level during Monday’s session. Prices have been touching the 61.8% Fibonacci retracement level at 59.30 of the up-leg from 54.80 to 66.60 over the last hours, finding strong support obstacle. The bearish picture in the short-term is supported […]
USD/JPY is under pressure. The pair has repeatedly tested the immediate support at 108.45. Currently, it has returned to levels above both the 20-period and 50-period moving averages, but remains capped by the key resistance at 108.45. The U.S. dollar consolidated some of its recent gains, as stock markets showed signs of stabilization following two […]
USD/CHF is under pressure. The pair is trading below the key resistance at 0.9410 (the high of February), which should maintain the selling pressure. The relative strength index lacks upward momentum. Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Therefore, below 0.9410, look for a return […]
Morning Report: 07.00 London This morning, world markets look set to extend their recovery, with the US dollar index backing off. The dollar pairs are generally higher, led by the EUR/USD which is setting up for two straight days of gains. The AUD/USD continues to push higher after Monday’s opening gap higher, while the NZD/USD […]
Daily Forex Market Analysis,xm.com,xm,Forex news,Michael Florentiades,Forex Analysis,market news,market analysis,eur/usd,USD/JPY,GBP/USD,USDCHF,AUD/USD,USD/CAD,USD/CHF,forex,trading,euro to dollar,forex trading,fundamental analysis,foreign exchange,currency trading,day trading,fx,markets,charts,forex trading strategy,finance,how to,techniques,analysis,news,forex news,daily,Michalis Florentiades,Raffi Boyadjian,Open European Briefing,thegreatest Related Posts:Technical Analysis – EURUSD remains above SMAs with weak… April 9, 2024 EURUSD recovers somewhat above 1.0800 But MACD and RSI rebounds…Technical Analysis – EURJPY rises towards 16-year high April […]
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:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from […]
Here are the latest developments in global markets: FOREX: The dollar index traded nearly 0.4% lower on Tuesday, as concerns over rising US deficits and the nation’s long-term debt sustainability continued to pressure the world’s reserve currency. STOCKS: US stock indices advanced yesterday, recovering some of their recent losses. The Dow Jones led the pack, climbing […]
GBP/JPY is under pressure. Although the pair posted a rebound, it is still capped by a key resistance at 150.20. The relative strength index is mixed with a bearish bias. Hence, as long as 150.20 is not surpassed, look for a return to 148.65. A break below this level would trigger a new decline with […]
Our first upside target which we predicted in yesterday’s analysis. NZD/USD is expected to trade with a bullish outlook. The pair posted a rebound from 0.7230 and broke above its 20-period and 50-period moving averages. The relative strength index is bullish and call for a for a new upleg. Hence, as long as 0.7255 is […]
The Chinese state news agency seems to strengthen its position on the OTC exchange of crypto and foreign ICOs, which are still active in the country, calling them an attempt to circumvent the existing rules. The report published by Xinhua News Agency describes in detail how easy it is to acquire cryptocurrency assets via the […]
The Dollar index is pulling back as expected towards the cloud support and previous resistance of 89.60. Price remains above the cloud support in the 4-hour chart, so the short-term trend remains bullish. Short-term support is at 89.60. Resistance is at 90.56. Price has broken below the kijun-sen and is heading towards cloud support. Bulls […]
The global stock market shows some signs of calm, which helps to trigger a correction risky currencies, but it hurts the US Dollar. JPY, CHF and EUR are strong, AUD, CAD and NZD perform less well. EUR/USD approached 1.2320, USD/JPY dives to 108.15.The stock market behavior is still the main clue for sentiment and after […]
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 14th 2018 Related Posts:Energy in Focus: […]
Gold price remains in a bearish short-term trend as price is below the 4-hour Kumo (cloud) at $1,334-41. Price is bouncing to challenge cloud resistance. Bulls need to be cautious in case we see a rejection at $1,334. On the other hand, bears need to push price back below $1,321 as soon as possible. Black […]
You’re watching the Dukascopy Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s 1 and 4-hour charts show mostly green signals and outlook shifts to neutral in the long term. The close to 24% long interbank matches the short and mid term technicals. Pound/Dollar’s hourly models […]
The Dollar Retreats as Investors Eye Inflation Data. Last week, the dollar surged against most of its global peers. It rose to $90.57, which is its highest level since January 23rd. Yesterday, the dollar index fell a few basis points to end the day at $89.97. This fall came as the volatility in the market […]
GBPUSD fell as low as 1.3770, a level that has been standing near the 40-day simple moving average during the past week. Since yesterday, the price has been trading slightly higher and successfully surpassed the 23.6% Fibonacci retracement level near 1.3820 of the last upward movement with the low of 1.2100 and the high of 1.4345. Looking at the […]
We keep buying from 1.2300, maybe falling to 1.2270, the stop is at 1.2255, the target is 1.2400. In case we are wrong: Sell for a breakthrough down 1.2205, stop at 1.2250, profit at 1.2100. There is no strong news right now. It is very likely that the market will react actively to inflation data […]
Swiss Consumer Price Index (YoY) (Jan) was 0.7% v an expected 0.8%, from a previous 0.8%. Consumer Price Index (MoM) (Dec) was as expected at -0.1% from 0.0% previously. USDCHF fell from 0.93976 to 0.93664 after the data was made public. UK MPC Member Vlieghe spoke at the Resolution Foundation in London. Some of the […]
