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This is the main Dukascopy Spike Controller, providing you with the benchmark interbank price data for Friday. Euro/Dollar’s long term average spread is point 3 pips and both of the sides separated by point 9 pips yesterday. Rate movement has been calmer than usual and the biggest move is a rise of point 45% or […]
AUD/JPY is currently residing in a corrective volatile structure which seems to widen in a range. Recently, AUD has been affected by negative reports, so AUD lost ground against JPY. On the other hand, Japan presented mixed economic reports today. National Core CPI came in at 0.3%, a bit down than the forecast a 0.4% […]
USD/CHF has been in a good bearish run since the bounce off the 1.0100 resistance area recently. Switzerland published a negative trade balance report on Tuesday which was at 1.97B versus the expected level at 2.87B. However, the Swiss currency is stronger against USD. Currently CHF is dominating USD in every dimension possible. On the […]
Week Ahead 29 May – 3 June 2017: Nonfarm payrolls eyed before Fed meeting in June
Post by admin on May 26, 2017
US jobs data in focus as markets look ahead to June’s Fed meeting. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the London […]
Oil prices drop on a “buy the rumor, sell the fact” trade • OPEC and non-OPEC producers agreed to extend their output-cut deal by 9 months, at the previous volume of 1.8mbpd. • Despite the producers reaching an accord, oil prices dropped in the aftermath of the event. • This looks like a “buy the […]
Forex News: 26/05/2017 – Commodity currencies fall after OPEC deal fails to lift oil prices
Post by admin on May 26, 2017
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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, let’s see how the interbank compares with the technicals at 8 AM GMT. 5 studies point North on Euro/Dollar’s hourly chart. The mid-term sees 6 neutral models, and the daily outlook is split between green and neutral models. As to the interbank, it is bullish at more than 22% long, and it […]
Global macro overview for 26/05/2017: Interesting comments from Fed policymaker Leal Brainard regarding the interest rates policy has hit the newswires. In a panel discussion at the Center for Global Development on Thursday, Fed Governor Brainard stated, the “brighter” global economy is posing less risk to the Fed’s outlook for the US. “The global economy […]
On Thursday, OPEC announced that the existing output cut agreement will be extended for an additional 9 months, in line with market expectations. However, the scale of output cut remains the same at 1.8 million barrels a day. Besides, no new OPEC member states will join the agreement extension. In addition, the market witnessed some […]
Technical Analysis: 26/05/2017 – USDJPY in consolidation phase, capped at 112-yen
Post by admin on May 26, 2017
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 26/05/2017
Post by admin on May 26, 2017
Trading plan for 26/05/2017: The Pound was under pressure overnight, probably due to economic and political reasons. Crude Oil price drop is weighing on commodity currencies and some stock markets Indices like Australian. Mixed moods help USD/JPY but EUR/USD is stable, trading around 1.1200 level. On Friday 26th of May, the event calendar is light […]
NZD/USD Intraday technical levels and trading recommendations for May 26, 2017
Post by admin on May 26, 2017
In December 2016, a bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair. Bullish persistence above 0.7100 allowed a further advance towards 0.7250-0.7350 (sell zone) where the bearish price action was expected. Bearish persistence below 0.7250 […]
Intraday technical levels and trading recommendations for USD/CAD for May 26, 2017
Post by admin on May 26, 2017
Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the bearish […]
It’s the last trading day of the week, and it’s time for Dukascopy Support and Resistance Level Report. Euro/Dollar has seen both ups and downs, but it currently stands between R1 of 1 1210 and S1 of 1 1180. The lowest resistance line sees 6 confirmations, and Bollinger Upper Band is among the 3 models […]
Technical outlook: The EUR/USD pair continues to consolidate after printing highs at 1.1263 levels earlier. The pair should be poised to drop today during New York Session towards a short-term trend line support as depicted here. The price coordinates expected are 1.1000 levels where support is sould be set. A bullish reversal there could push […]
Wave summary: We continue to look for signs confirming that a corrective low is in place with the test of 1.5852. A break above minor resistance seen at 1.6014 will be the first good indication that the corrective low of wave [ii] is in place and wave [iii] higher towards 1.6655 is developing. R3: 1.6237 […]
Wave summary: We continue to look for a corrective decline into the 123.78 – 124.17 area before the next impulsive rally towards 134.30 and 138.52 should be expected. Short-term resistance is now seen at 125.16 and again at 125.43, Only a break above the later will indicate that the correction is complete and more upside […]
When the European market opens, the thin economic calendar contains just Italian 10-y Bond Auction. The US will release a series of economic reports such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Prelim GDP Price Index q/q, Durable Goods Orders m/m, Prelim GDP q/q, and Core Durable Goods Orders m/m. So amid the […]
In Asia, Japan will release the SPPI y/y, Tokyo Core CPI y/y, and National Core CPI y/y. The US will release a series of economic reports such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Prelim GDP Price Index q/q, Durable Goods Orders m/m, Prelim GDP q/q, and Core Durable Goods Orders m/m. So […]
EUR/USD: This pair has moved between the support line at 1.1150 and the resistance line at 1.1250 (which has been tested several times this week). The resistance line is supposed to be breached to the upside as the market trends upwards. When that happens, the next target would be the resistance line at 1.1300. USD/CHF: […]
Overview: The NZD/USD pair indicates for a bullish trend from the support level of 0.6985. Presently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100) and (50), immediate support is […]
Overview: The USD/CHF pair didn’t make any significant movements yesterday. There are no changes in our technical outlook. The bias remains bearish in the nearest term testing 0.9645 or lower. The first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support which […]
The Dollar index is moving sideways. Price has formed a triangle pattern. Soon we will have a breakout. I believe it is more probable to break to the downside towards 96 before a bigger bounce higher. Blue lines – triangle pattern The Dollar index remains below the 4-hour Kumo (cloud). Trend remains bearish as price […]
GOLD price is forming a sideways triangle price action. This tightening range will soon provide a break out and a clear signal. I believe that it is more probable the breakout to be to the upside. Blue lines -triangle pattern Gold price is trading around the tenkan- and kijun-sen indicators above the 4-hour Ichimoku cloud. […]
