The EUR/USD continues to rise to multi-month highs, as investors speculate over what Mario Draghi recently said. The unease associated with the words “normalization of monetary policy”, “reflation”, “temporary nature of slowing inflation”, is gradually taking place, which leads to the question of “what next?”. In fact, the president of the ECB noted that inflationary […]

Trading plan for 30/06/2017: The US Dollar continues to lose ground against most major currencies. EUR/USD is close to the annual maximum. It is worth noting the sharp reversal of USD/JPY in response to the decline of sentiment in the US. Yesterday’s session on Wall Street is clearly down, SP500 fell 0.9%, the NASDAQ Technology […]

The European Central Bank Chief Mario Draghi’s speech yesterday further provided the Euro with support. This came as the currency disclosed their upcoming monthly highs against the greenback, allowing them to reach new and larger resistance levels. Draghi said the eurozone economy will receive backing from the increasing number of investments and productivity amid a […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1460 and S1 of 1 1420. R1 counts Price Channel Indicator Upper Line among its 3 models, while the upper two resistance lines have found […]

On Thursday, the US Commerce Department released GDP (Annualized QoQ) showing a 1.4% annual rate compared to the 1.2% posted in the previous month. This slight increase shows that the US economy slowed less sharply in Q1 than expected, due to higher consumer spending and an increase in exports, which suggests a better growth outlook […]

The post Our Own Daniel Byrne on RBA Raising Interest Rates appeared first on Forex.Info.
Source: Easy Forex Forex.Info

Data released this morning reflected a more optimistic assessment of their prospects among consumers and companies in the eurozone. Once again, it underscores the fact the economy is accelerating in the second quarter of the year. According to a report by the European Commission, the sentiment indicator rose to 111.1 points in June from 109.2 […]

В первой половине дня вышли данные, которые указали на более оптимистичные оценки своих перспектив среди компаний и потребителей в еврозоне. Это еще раз подчёркивает факт ускорения роста экономики еврозоны во 2-м квартале этого года. Согласно отчету Еврокомиссии, индекс настроений в экономике еврозоны в июне этого года вырос до 111,1 пункта с 109,2 пункта в мае. […]

Weekly moves to note: – GDP & consumption data on tap. – Is inflation returning to Japan? – What do 10 yr bond yields say about interest rates?

Technical outlook: We have waited for the entire week to get this opportunity to present. The EUR/USD pair has extended beyond past 6 months resistance at 1.1430 levels now. The pair has managed to print highs at 1.1444 levels today and should be facing stiff resistance here. The most high probable trade outlook from here […]

4-часовой таймфрейм Technical picture of the EURUSD currency pair on the system “Regression channels” for June 29, 2017 Technical data: The major channel of linear regression: the direction is up. The minor channel of linear regression: the direction is sideways. The moving average (20; flattened) is up. СCI: 121.2121 Explanations: The EUR/USD continued to cope […]

Wave summary; Red wave ii is likely turning into an expanded flat correction, which calls for a final decline to just below 1.5480 before turning strongly higher in red wave iii. After an expanded flat wave two correction, the following wave three rallies should be expected to extend and that will call for a rally […]

Wave summary: Wave iii completed just below the ideal wave iii target at 129.09 (the high was seen at 128.83) and wave iv is currently unfolding. This wave iv correction has already entered the target area between 127.00 – 127.81 and once complete a new impulsive rally towards at least 129.43 should be expected. The […]

EUR/USD: The EUR/USD has gained about 250 pips this week, forming a very strong Bullish Confirmation Pattern in the market. Price is currently above the support line at 1.1400 and it would soon reach the resistance line at 1.1450 (it may even exceed that resistance line), as the buying pressure continues in the market. USD/CHF: […]

Overview: The NZD/USD pair is still trading around the spot of 0.7250 and 0.7343 because the NZD/USD pair hadn’t made any significant movements yesterday. Hence, it should be noted that the support is established at the level of 0.7205 which represents the daily pivot point. The NZD/USD pair is showing signs of force following a […]

Overview: The USD/CHF pair: The current price is moving around the area of 0.9590 and 0.9570. The USD/CHF pair continues moving downwards from the level of 0.9590. Yesterday, the pair dropped from the level of 0.9590 to the bottom around 0.9540. Today, the first resistance level is seen at 0.9590 followed by 0.9660, while daily […]

The focus is now placed in the USDX bearish, as we’re seeing a breakout around 95.77, where it should expose the next support placed at the 95.10 level. However, because of this week’s decline, the index might start to retrace and it can face the resistance zone of 96.24. A break above it can push […]

The pair gained traction on Thursday’s session with a consolidation above the support zone of 1.2923. Now the focus is in the resistance area of 1.3011, where a breakout should expose the next key target to the upside around 1.3105. To the downside, a break below 1.2923 will open the doors to test the 200 […]

Dukascopy Forex TV Team is back with the currency movers and shakers for Thursday, 29th of June. Volatility has eased back and the day’s top move is a gain of point 66% and it’s posted by Australia/Yen. Australian new home sales increased and Ozzy Dollar tops the advancers and decliners table. UK net lending to […]

All our targets which we predicted in yesterday’s analysis have been hit. The pair is expected to continue its upside move as it is trading above the rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish and calls for a further advance. Therefore, […]

Price continues to rise nicely towards our profit target. We start adjusting our position to lock in more of our profits to rise the move all the way up. Our goal is to remain bullish above 111.94 support (Fibonacci retracement, horizontal overlap support) for a further push up to at least 113.06 resistance (Fibonacci extension, […]

Price has shot up from our buying area and reached our profit target perfectly. We prepare to sell below 0.7317 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action) for a push down to at least 0.7262 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95% where we expect […]

Our yesterday’s upside target of around 115 pips has been hit. We still expect GBP/JPY to continue its upside movement and place our target at 147.00. GBP/JPY is expected to continue its upside movement above 145.30. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the […]

We’re looking into 2019 before we see the price of Oil heading anywhere near $60 per barrel. Spencer Welch, IHS Markit. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#215976 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie […]

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.