Today AUD/USD has showed a good amount of bullish pressure as the Australian GDP report came out better than expected at 0.3% versus the expected reading of 0.2%. The Australian GDP report has high impact on the currency as it is one of the widest measure of the economic activity and the primary gauge of […]

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

Good morning traders, you’re watching Dukascopy Main Daily Trading Signals for Wednesday. All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term and neutral in the mid-term. The long-term turns bullish with 4 studies, and it matches the more than 22% long interbank. The Cable has neutral models […]

The market-focused UK general election date is tomorrow, Thursday, June 8th. The left-wing Labour party’s manifesto includes cancellations of university tuition, free school meals, increasing government spending on social benefits, nationalising and capping fares of train companies, water utilities and energy utilities. In general, the Conservatives lead Labour across all ages, apart from the 18 […]

Global macro overview for 07/06/2017: The Gross Domestic Product data from Australia beat market expectations. According to the National Statistics Bureau, the first quarter GDP increased 0.3%, whicle market participants expected only a 0.2% increase. Nevertheless, on a yearly basis, GDP grew 1.7%, following a 2.4% year-over-year gain in the fourth quarter. Seventeen of twenty […]

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…

Trading plan for 07/06/2017: The volatility overnight was very low. EUR/USD remains below 1.13 and goes back to 1.1260. In the last days before the general election, GBP/USD is trading at 1.29. USD/JPY is near 109.50 after yesterday’s fall. On Wall Street, the trade was taking place with light selling pressure but no major low […]

The Dollar index remains in a bearish oversold trend diverging. As I have said in previous posts, I prefer to be at least neutral at current or lower levels if not bullish as I expect the Dollar index to make a strong bounce soon. Blue line – resistance Price is making lower lows and lower […]

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. […]

GOLD remains in a bullish trend. There is still no sign of reversal but bulls should continue raising their protective stops as a pullback towards $1,250 is justified. Gold has reached our short-term targets. Short-term support by the tenkan-sen (red line indicator) is at $1,287 and next is at $1,278 (kijun-sen). Kumo support is at […]

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 market failed to record a new high above 0.7400. Bearish breakdown of the lower limit of the channel took place in December […]

You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1280 and S1 of 1 1250. R1 is well confirmed with 11 models, including Price Channel Indicator Upper Line and a 6 month high, while Bollinger […]

Wave summary: We continue to look for one more dip to just below 1.5588 in an expanded flat correction. This final dip should make it closer to 1.5485 to complete wave ii/ and turn prices higher in wave iii/ to above resistance at 1.6237 for a rally towards 1.6655 and above. R3: 1.6006 R2: 1.5837 […]

Wave summary: A decline to 122.91 has been seen, but important short-term support at 122.53 remains untouched favoring the larger triangle consolidation unfolding. Under this count, we should now see a rally towards 124.92 in wave d and then a final dip in wave e to complete the triangle consolidation to set the stage for […]

The UK election is just a day away, and polls show a narrow race between Prime Minister Theresa May and opposition leader Jeremy Corbyn. Mr. Corbyn’s shocking surge in the polls in recent weeks has left the Pound in a twist. It has also stoked fresh jitters in the financial markets over Brexit. UK election […]

The U.S. dollar has had an eventful seven months since Donald Trump secured the presidency. The greenback soared to nearly 13-year highs shortly after the November election, before tumbling to fresh lows in the new year.  Of course, the president himself has proved to be a key player in the currency’s valuation. The Trump Promise […]

When the European market opens, some Economic Data will be released, such as Italian Retail Sales m/m and German Factory Orders m/m. The US will release the Economic Data, too, such as Consumer Credit m/m and Crude Oil Inventories, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. […]

In Asia, Japan will release the Leading Indicators data, and the US will release some Economic Data, such as Consumer Credit m/m and Crude Oil Inventories. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 110.07. Resistance. 2: 109.86. Resistance. 1: 109.64. […]

The index extended its losses across the markets, with a consolidation ongoing around the support level of 96.53, which is the last barrier before to reach the 96.25 zone. However, as long as USDX doesn’t manage to break recent lows, it could be heading towards the 200 SMA at H1 chart around 97.00. MACD indicator […]

The pair didn’t manage to consolidate above the resistance level of 1.2911, but it seems that a consolidation above the 200 SMA at the H1 chart is taking place and it could hold for the rest of the week. If the level of 1.2962 is broken, then it can rally to test the psychological level […]

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We take a nice detailed look at USD/CAD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more […]

Dukascopy Forex TV team is back with the FX Movers and Shakers for Tuesday, 6th of June. Sterling has been on a steady slide against the New Zealand Dollar and the pair has lost more than 1%, which is the day’s top move. New Zealand commodity prices report showed a rise of 3.2% and Kiwi […]

Price has bounced off our buy entry perfectly yesterday and has risen strongly towards our profit target. We prepare to sell below major resistance at 82.94 (Fibonacci retracement, horizontal resistance) for a push down to 81.92 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing strong resistance below the 93% where we expect […]

The U.S. housing market has staged a significant rebound since prices bottomed in February 2012. Now, at least one measure ofoptimism has returned to the height of the bubble days. Some say not to worry because “the economy is in far better shape than a decade ago.” Is today really different? Learn How the Wave […]