Data released on Thursday indicated that U.S. private employers hired fewer workers than expected in June and applications for unemployment benefits last week increased for a 3rd straight week. It would therefore appear that there is some “cooling” in the US Labour Market as it approaches full employment. The ADP National Employment Report indicated that […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – EURUSD its all about the bonds. – When Putin met Trump. – It’s Non-Farms time again. – Is the Eurozone on the road to recovery?

Breaking forecast: US employment report from APD Employment 15.15 Moscow Time The number of new jobs in the US for June is 180,000(forecast). Previous value of the indicator is 253,000. The range of forecasts is 140,000 to 253,000. Why is it important? Employment is the most important indicator of the state of the economy. There […]

Wave summary: EUR/NZD remain locked inside the 1.5500 – 1.5710 range and only a clear break out of this range will call for the next larger move. We continue to prefer a break towards the upside for a rally higher towards 1.6232 and above. R3: 1.5931 R2: 1.5801 R1: 1.5710 Pivot: 1.5605 S1: 1.5500 S2: […]

Wave summary: There was no time for a deeper correction in wave iv. With the clear break above minor resistance seen at 129.09 wave v higher towards at least 131.11 is well under way. Short-term support is now seen at the former resistance at 129.09 and should be able to protect the downside for the […]

When the European market opens, some Economic Data will be released, such as Italian Retail Sales m/m, French Trade Balance, French Industrial Production m/m, French Gov Budget Balance, and German Industrial Production m/m. The US will release the Economic Data, too, such as Fed Monetary Policy Report, Natural Gas Storage, Unemployment Rate, Non-Farm Employment Change, […]

In Asia, Japan will release the Leading Indicators and Average Cash Earnings y/y data, and the US will release some Economic Data, such as Fed Monetary Policy Report, Natural Gas Storage, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY will move with medium to high volatility […]

Overview: The NZD/USD pair is still trading around the area of 0.7250 and 0.7343. Thus, it should be noted that the support is established at the level of 0.7205 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205. The price has been […]

Overview: As expected the USD/CHF pair continues to move downwards from the level of 0.9629. Yesterday, the pair dropped from the level of 0.9677 (this level of 0.9677 coincides with the double top) to the bottom around 0.9600. Today, the first resistance level is seen at 0.9630 followed by 0.9653, while daily support 1 is […]

USDX was under pressure during Thursday’s session after it found dynamic resistance around the 200 SMA at H1 chart. Now, the index could attempt a breakout below 95.77, which could also increase the downside acceleration towards 95.10 in a first degree. MACD indicator is still in the negative territory, supporting the current scenario. H1 chart’s […]

GBP/USD is still bullish across the board, with a consolidation ongoing above the 200 SMA at H1 chart and looks like it’s targeting the resistance zone of 1.3011, where a breakout should open the doors to test the 1.3105 level. To the downside, the risk still is the 200 SMA zone, where a consolidation lower […]

The pair recorded lower tops and lower bottoms since July 5, which confirmed a negative outlook. The 20-period moving average crossed below the 50-period one. The relative strength index is bearish and is calling for a further downside. Besides, the Federal Reserve’s latest meeting minutes showed that officials are planning to gradually shrink the central […]

EUR/GBP has been struggling to break above the 0.8850 resistance level recently. The ECB and the Bank of England have already signaled a rate hike in the short term which triggered indecision among global investors. In light of the recent economic reports, GBP has been gaining ground against EUR which is already reflected on the […]

Dukascopy Forex TV Team is back with Thursday’s overview of the major currency performance. Euro/New Zealand rose after 6 o’clock and the pair has gained point 83%, which is the day’s biggest move. The ECB’s meeting minutes showed policy makers discussing removal of pledge to increase bond buying programme, sending the Single currency higher. Swiss […]

As predicted, our take profit target of GBP/JPY has been hit. GBP/JPY is still trading above its trend line. The pair posted a rebound at 146.00 and broke above both 20-period and 50-period moving averages. In addition, the 20-period moving average is turning up and is playing a support role. The relative strength index is […]

We retain our yesterday’s outlook for NZD/USD. The pair is expected to trade in a lower range. Although the pair broke above both 20-period and 50-period moving averages, it is still trading below the key resistance at 0.7285, which should limit the upside potential. Even though a continuation of technical rebound cannot be ruled out, […]

Morning session is over on this Thursday so let’s find out how the market players have performed so far. Euro/Dollar has moved slowly higher to trade point 35% up from the opening level at noon. Traded volume is extremely low and neutral sentiment of the traders is 13% short. Uptrend has provided bulls with their […]

Recently, the USD/JPY has been trading sideways at the price of 113.27. According to the 30M time frame, I found a trading range between the price of 113.50 (resistance) and the price of 112.80 (support). The price successfully tested resistance and my advice is to watch for potential selling opportunities. The downward target is set […]

Friday brings the latest update on US labour market, so let’s take a closer look with the Economic Calendar. Coming up first at 5:45 AM is the Swiss Unemployment Rate for June. The seasonally adjusted unemployment rate has stood at the same 3.2% level for the past 2 months. German Industrial Production for May follows […]

The market reaction was fairly muted following June’s mildly hawkish FOMC meeting minutes. There was a visible divide on the central bank should unwind its mammoth balance sheet. Thursday’s potential market shaker could be the ECB meeting minutes which may dish out a hawkish twist. WTI Crude remains pressured by the oversupply concerns while GOLD […]

EUR/USD: This pair is trying to go upwards to confirm its recent bullish bias. A movement above the resistance lines at 1.1400 would help re-affirm the bullish bias, while a movement above the resistance level at 1.1450 would result in a Bullish Confirmation Pattern in the 4-hour chart. However, that would require strong buying pressures. […]

The price has started to form a nice reversal pattern at our selling area. We remain bearish looking to sell at the major resistance of 113.06 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, bearish divergence) and expect a drop towards at least 110.97 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major […]

Has AUD/JPY formed a nice bullish reversal pattern? I think it looks all set to take off from here! The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com

The price is bouncing up nicely above major support at 85.60 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we look to buy on weakness at this level for a bounce to at least 86.97 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 7% which stochastic is fast […]

The price has dropped perfectly to our profit target and bounced off it. We prepare to buy above 0.7577 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7642 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing a nice bounce above 4% with good upside potential. […]