GBP/JPY is under pressure. The pair is trading below the declining 50-period moving average, which plays a resistance role and maintains the downside bias. The relative strength index is bearish and calls for a further drop. Hence, as long as 142.10 is not surpassed, a new decline to 140.55 and even to 140.10 seems more […]

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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.

Apple is releasing exciting new products this year including the new iMac Pro and the Apple HomePod. Plus you can get your very own pocket sized Wall-E robot to play with at home. For more information, check out this latest edition of IT Industry Catch Up! You can view this video and the full video […]

Technical outlook: The EUR/USD story continues into consolidation mode but possibility of a bearish breakout is unfolding now as seen on one-hour chart above. A short-term support trend line has been broken which should act as resistance towards 1.1270 levels. Till the time prices remain below 1.1285 levels, we should be looking to see lower […]

Here’s a look at how market players have performed over the 12 hours to midday on this Tuesday. Euro/Dollar stood only slightly in the red at noon after walking in a total range of just 38 pips. Turnover is average and sentiment of the traders is neutral, 1% long. Both sides have seen only limited […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

It has been a disastrous month for British Prime Minister Theresa May, who has seen her lead in the UK election polls decline to just a few percentage points following the tragic terrorist attack in Manchester. The Conservative party looks set to fall nine seats short of a majority government in next week’s UK election, […]

You’re watching the Economic Calendar for Wednesday, the 7th of June. Let’s see which news releases stand out. German Factory Orders for April are out at 6 AM, and the March data showed continued growth as gains in foreign orders reversed a drop at home. Swiss National Bank will publish its foreign currency reserves data […]

New traders quickly learn that risk management is one of the most fundamental aspects of trading. It’s so fundamental, in fact, that it has spawned a whole literature on how to optimize investment decisions. Risk management can be complicated or it can be easy. When you find the right place to use risk management it […]

Safe havens have strengthened across the board as the recent risk events have lifted markets’ risk off sentiment. Notably the London terror attack, gulf states cut diplomatic ties with Qatar, and the upcoming UK general election. Spot GOLD has seen a significant 6% gain since May 11th. On Tuesday, June 6th, spot gold rallied 1.1%, […]

Overview: The NZD/USD pair is in a bullish trend from the support levels of 0.7121 and 0.7053. As a consequence, the first and second support levels are seen at 0.7121 and 0.7053 respectively. Currently, the price is in a strong bullish channel and the breakout happens at the top of 0.7121. This is confirmed by […]

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Dukascopy Forex News Team is back with yet another primary Spike Controller to let you know what news events have influenced the spread levels during the last 24 hours. Euro/Dollar’s long term average spread is point 29 pips and both of the sides separated by point 9 pips yesterday. The pair rose by a total […]

Overview: The USD/CHF pair has continued to move downwards from the level of 0.9733. Yesterday, the pair dropped from the level of 0.9733 (this level of 0.9733 coincides with the ratio of 23.6% Fibonacci) to the bottom around 0.9620. Today, the first resistance level is seen at 0.6546 followed by 0.9733, while daily support 1 […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2950. Anyway, I found a fake breakout of yesterday’s high and strong rejection from resistance. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2865. Resistance levels: R1: 1.2945 R2 : 1.2955 […]

EUR/JPY is currently on the verge of breaking below the support of the corrective structure at 123.50. Today, Japan’s Average Cash Earnings report showed an increase to 0.5% from 0.0% earlier, better than the forecast for a 0.3% gain. As a result, JPY has advanced against EUR today. As the Average Cash Earnings represent the […]

Financial markets have started the week with a bang following the unexpected political rifts in the Gulf which sent shockwaves across markets in the local region. In a week where investors were bracing for news focused on the upcoming UK elections and politics in Washington, this fresh development has left most on high alert. The […]

GBP/USD has been trading in a corrective volatile structure recently due to negative economic reports from both the UK and the US. Yesterday, the UK posted Services PMI report which revealed a downbeat reading of 53.8 from 55.8 previously which was expected to be at 55.1. Today, BRC Retail Sales Monitor Report also came out […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 109.56. Anyway, I found that price had already filled an average daily range and even went above it, which is a sign that selling at this point looks risky. There is a hidden bullish divergence in the background, which is another […]

After rejecting off the resistance of 111.60 recently, USD/JPY is currently in a bearish run towards 108.50 support level. After a corrective structure yesterday, JPY has gained fresh momentum today amid the positive report on Average Cash Earnings at 0.5% which was expected to be at 0.3% and which previously was at 0.0%. The economic […]

EUR/USD is currently residing in a corrective volatile structure after retesting and bouncing off 1.1200. Currently, the pair is trading sideways and it is more likely to consolidate today as high impact economic events are released on both sides. Today, The headline IHS Markit Eurozone Retail PMI was published at 52.0 which was worse than […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. First up is the Euro/Dollar with 5 and 6 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale sees a mix of green and neutral signals, but, in contrast, the interbank is […]

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

Safe havens (precious metals, JPY, CHF) have strengthened across the board as the recent risk events have lifted markets’ risk off sentiment. Notably the London terror attack, gulf states cut diplomatic ties with Qatar, and the upcoming UK general election. On Tuesday, June 6th, spot GOLD rallied 0.8%, hitting a high of $1289.55, last seen […]