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.

The morning session is over on this Thursday, so let’s see how things are shaping up for the market players. Euro/Dollar stood just a fraction in the red after walking in the total range of 85 pips. This pair sees the usual amount of funding, and the neutral trader’s sentiment stands almost at a balance. […]

EUR/AUD has been impulsively bearish recently after breaking below 1.4880 level. After the FED Chairman Yellen made comment about inflation data yesterday, AUD has gained well over all AUD based currency pairs. Today AUD MI Inflation Expectations report was posted which showed a rise to 4.4% from the previous value of 3.6% which resulted to […]

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Keep your broker accountable and compare their price feed with the Main Spike Controller. Euro/Dollar’s spreads have averaged at point 3 pips over the last 24 hours, peaking at 6.5 pips. The pair has seen a bumpy decline, losing a total of point 82% or 94 pips. Fed Chair Janet Yellen was testifying before the […]

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is 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. […]

Wave summary: The break back below support at 1.5712 has taken us by surprise. Short term, we might even see a continuation slightly below 1.5509 before red wave ii is complete and a new impulsive rally to above 1.5887 will be seen in red wave iii. Only a break above minor resistance at 1.5737 confirms, […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1385. Anyway, according to the 30M time frame, I found fake breakout of yesterday’s low at the price of 1.1390. My advice is to watch for potential buying opportunities. The RSI is oversold, which is another sign of strength. The upward […]

Wave summary: After topping at 130.77 a nice decline towards 125.82 is being seen. Minor resistance is now seen at 129.66, which we expect will be able to cap the upside for the expected decline towards 125.82. Trading recommendation: We sold EUR at 129.85 and will lower our stop to 129.70. If you are not […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 112.85 (first target). According to the 30M time frame, I found broken rising wedge in the background. My advice is to watch for potential selling opportunities. Watch for a potential breakout of support at 112.85 to confirm further […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Global macro overview for 13/07/2017: During her latest speech in the front of US Congress, the Federal Reserve Chairperson Janet Yellen was not hawkish enough to move the US Dollar upward. Yellen has nothing extraordinary to say and her dovish point of view that she held since the June FOMC meeting was reiterated again. The […]

You’re watching the Main Daily Trading Signals for Thursday. Here’s how the technical models compare with the interbank stance at 8 AM GMT. There’s neutral across the table for the Euro/Dollar, but interbank sentiment is bullish, standing close to 17% long. The Cable’s 1 and 4 hour studies are mostly pointing North, but outlook shifts […]

4h As the price rebounded from the correction level of 100.0% – 114.36 and formed a bearish divergence, the USD/JPY moved downwards through the correctional level of 76.4% – 113.06. A reversal from the Fibo level of 76.4% allows traders to expect a rally in favor to the US dollar and a slight increase towards […]

The Dollar index has weakened significantly after the speech by FED Chairwoman Janet Yellen. Price is now testing the recent lows and critical short-term support. Breaking below 95.50 gives us a target at 94.60. Trend remains bearish as long as price is below 96.40. Red line – resistance Blue line – support The Dollar index […]

GOLD price remains inside the bearish channel but has a lot of chances that an important low is made. I remain longer-term bullish expecting Gold to bounce towards $1,260 at least. Blue lines – bearish channel Gold price is below the Ichimoku cloud but the bearish trend is now being challenged. Short-term resistance is at […]

Trading plan for 13/07/2017: After yesterday’s Jannet Yellen speech the US Dollar is getting weaker across the board. The strongest currency is NZ with the rise of 0.33%, SEK with +0.28% gains, and EUR with +0.27% gains. CAD is trying to slow its uptrend after yesterday’s Bank of Canada decision to raise interest rates. Oil […]

GOLD managed to get away from a four-month low due to the weakness of the US dollar and the fall in the yield on Treasury bonds. UBS notes that the collapse of prices at $90 from the level of its June highs is not surprising, as real treasury rates of the US and the eurozone […]

Thursday’s Support and Resistance level report is here. Let’s see how our in-house model tests out today. First up is the Euro/Dollar, which has the closest levels of 1 15 in resistance and 1 1410 in support. R1 is a key psychological level and it’s also a price channel indicator upper line and it’s near […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – Dovish Yellen weakens dollar boost equities. – China trade data impresses to the upside. – Donald Trump in Paris for Bastille day. – Even professionals are uncertain over U.S. interest rates.

US equities continued upward on Wednesday, with the DJ30 improving 0.5% on the day and trading to an all-time high of 21,576.90. The impetus behind this was Fed Chair Yellen’s testimony to Congress that she had confidence in the US economy and suggesting that US inflation will not force the Fed’s hand. In other words, […]

When the European market opens, some Economic Data will be released, such as French Final CPI m/m and German Final CPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, Core PPI m/m, Unemployment Claims, PPI m/m, and the Fed Chair Yellen Testifies, so, […]

In Asia, Japan today will not release any Economic Data but the US will release some Economic Data, such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, Core PPI m/m, Unemployment Claims, PPI m/m, and the Fed Chair Yellen Testifies. So, there is a probability the USD/JPY will move with low to medium […]

New Tory Minister Affirms ‘Hard Brexit’ Amid Waning Support Talks of avoiding a hard Brexit are a fatal show of weakness for the United Kingdom, according to new Conservative minister Steve Baker, who insists there will be no compromise on Prime Minister Theresa May’s exit plan. Capitulating on Mrs. May’s hard Brexit plan would be […]