Here are the latest developments in global markets: FOREX: Kiwi/dollar remained the biggest winner in early European trading, approaching fresh one-week highs at 0.7400 (+0.94%), while aussie/dollar reached an intra-day high at 0.8109. Dollar/yen inched up to 108.76 but was unable to recover earlier losses despite the BOJ increasing its medium-term Japanese government bonds. Trump’s […]
AUD/USD has been quite corrective and volatile recently inside the range of 0.8050-0.8120 area. Ahead of the high impact economic reports of USD this week, the currency seemed to be quite weak against AUD today. Today, AUD CPI report was published unchanged at 0.6% which was expected to increase to 0.7%, Trimmed Mean CPI report […]
USD/JPY is expected to trade with a bullish bias above 108.40. On a 30-minute chart, the pair marked a day-low of 108.38 yesterday (January 30) before posting a rebound. Currently, the pair is trading at levels around the ascending 20-period moving average, which has just crossed above the 50-period one. And the relative strength index […]
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. […]
We are already a month into the year 2018, so we get the first updates on the Manufacturing PMIs. Swiss Consumer Sentiment for January opens this agenda at a quarter to 7 AM. Index has been in the red since 2014, but it’s expected to finally turn positive. UK Nationwide House Price Index is up […]
It’s time once again for the Dukascopy Midday Snapshot with a look at how market players have fared during the morning session. Euro/Dollar has moved slowly up and rise has resulted in a gain of point 37%. Turnover is low and sentiment of the traders is neutral, standing at 4% short. Bulls have been in […]
Our first upside target which we predicted in yesterday’s analysis has been hit. The pair turned bearish as the prices broke below the rising trend line. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index is calling for a drop. Therefore, below 154.45, look for a […]
Morning Report: 07.00 London This morning, the dollar index is on the back foot after a muted reaction to Trump’s state of the union speech. This has been good news for the NZD/USD which is powering higher this morning. This comes despite the AUD/USD lagging, with heavier selling this morning that is reversing as we […]
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- January 31st 2018 Related Posts:Analysis of […]
It’s time for another edition of the Dukascopy Spike Controller, where we take a closer look at the spread levels for 3 non-cross majors. Euro/Dollar has a daily average spread of point 33 pips and maximum separation has been 1.2 pips. The pair has once again moved towards the 1 25 level as it appreciated […]
End of an Era at the Federal Reserve. Today is an interesting day for Federal Reserve watchers. Today, Janet Yellen will issue her final statement as the Federal Reserve chair. To many people, it is a sad day but to others, it is the new norm. In 2014, Barrack Obama appointed Yellen to the prestigious […]
GBP/USD Technical Analysis: Focus Turns to the Fed. Yesterday, the cable rose despite a leaked document that showed the U.K’s economy will negatively be affected by Brexit. Perhaps, this happened because to investors, this was not actually news. This month, the pound has continued its climb against the dollar. It has risen from a low […]
USD/CAD has been quite impulsive with declines today after certain indecision and correction below 1.24 price area. Despite recent upbeat economic reports, USD failed to sustain the gain over CAD which indicates severe weakness of USD in the coming days. Moreover, President Trump spoke recently about a tax rate reduction, so his speech is expected […]
The trading plan 01/31/2018 The general picture: There is a corrective mood in the market. The long-awaited correction began in the US stock market. This was triggered perhaps by too rigid statements of Trump addressed to China during the annual speech in Congress. Yet, China is a very important “partner” for the U.S. economy, unlike […]
The American government institute found in official research on cryptocurrency that Bitcoin Cash is the original Bitcoin, while Bitcoin itself is a fork. In the document entitled “Blockchain Technology Overview” at the National Institute of Standards and Technology at the US Department of Commerce, the authors Dylan Yaga, Peter Mell, Nik Roby, and Karen Scarfone […]
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:Forex forecast 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the […]
Here are the latest developments in global markets: FOREX: The dollar index continued to retreat on Wednesday, trading 0.2% lower ahead of the FOMC policy decision later in the day. STOCKS: Japanese markets were on the defensive, with the Nikkei 225 and the Topix indices falling 0.8% and 1.2% respectively, as the recent surge in bond […]
Donald Trump’s overnight statement did not ensure a solid reshuffling of the sentiment on the currency market. The New Zealand Dollar is the strongest currency, which, due to data coming from China and Australia, places the NZD / USD rate around 0.7380. In his shadow, there is a pound sterling (0.4%) with a notable indication […]
The Dollar index remains in a bearish trend. Price got rejected at 89.60. Price is mainly moving sideways between 89.60 and 88.50. The Dollar index will most probably make a new lower low towards 88-87.50, but I believe this low should be faded. The FOMC tonight could give the Dollar index the final push lower. […]
Gold price remains near the monthly highs. Price got rejected at the long-term resistance of $1,350 however there is no confirmed reversal here yet. A rejection at the long-term resistance could start a new downward move back below $1,300, if however price manages to recapture the $1,350-55 level, we should expect the resumption of the […]
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 […]
These are the Dukascopy Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three Euro/Dollar’s time ranges bring an equal number of 5 bullish signals and they are in line with the almost 40% long interbank sentiment. Pound/Dollar’s hourly studies are mostly neutral, but outlook shifts […]
This March, XM will return to Latin America, where we look forward to reconnecting with our clients and to welcoming prospective clients to a seminar series on the use of swing trading techniques. The seminar titled Avramis Swing Trading Techniques will be presented by Tradepedia in various cities in Mexico and Colombia between 3rd and […]
AUDUSD retreated over the previous two days, following the bounce off the 32-month high of 0.8135. Looking on the medium-term timeframe, the pair has been in bullish phase since January 2016, supported by higher bottoms and higher peaks. Despite the small retracement on the short-term chart, the price still endorses the sharp upward movement as it hit the 0.7500 […]
Overview: Pivot point: 0.9333. The USD/CHF pair continues to trade downwards from the level of 0.9377 this week. The price of 0.9377 represents the first resistance on the H1 chart. The pair fell from the level of 0.9377 to the bottom around 0.9393. Today, the first resistance level is seen at 0.9377 followed by 0.9432, […]
Burning Forecast 01/31/2018 EURUSD: trade for a breakthrough. Today, the main event of the week is the decision of the Federal Reserve on Monetary Policy, at 18.00 London time. There may be surprises: the Fed’s tougher statement on inflation could cause a strong strengthening of the dollar (correctional, but strong). We prepare an order for […]
Overview: The NZD/USD pair didn’t make any significant movements yesterday. There are no changes to my technical outlook. The bias remains bullish in nearest term, testing 0.7557 or higher. The price is set at the pivot point of 0.7391 currently. On the daily chart, the NZD/USD pair continued moving upwards from the level of 0.7260 […]
Good morning traders, you’re watching the Support and Resistance Level Report for Wednesday. Euro/Dollar is now trading in the range limited by R1 of 1 25 and S1 of 1 24. First two resistance levels both have 2 confirmations. R1 is a psychological level and R2 is a price channel indicator upper line. There’s just […]
President Donald Trump delivered his first State of the Union Address last night from Capitol Hill. He said that he wants Congress to produce legislation that generates at least $1.5 trillion for new infrastructure investment. Every federal dollar for infrastructure should be leveraged by partnering with state and local governments and tapping private sector investment. […]
