Important data on inflation in the US and the Eurozone will be released this week. Market consensus assumes that in February US core CPI inflation will stabilize at 1.8% y/y. In the second case, analysts expect the core inflation rate to remain above 1.0% y/y. Readings from the US will not change the attitude of […]

After a very active last week, global markets have time to calm down. Moods in the markets are good especially after US labor market data have given the perfect mix. A lack of a major data releases in today’s calendar suggests that without political revelations traders will possibly count down the hours until tomorrow. After […]

This is the Dukascopy Economic Calendar with an overview of the potential FX market movers for Tuesday, 13th of March. A high importance publication, which is the US Consumer Price Index for February opens this agenda at a half past noon GMT. CPI was up by a half a percent in January and overall index […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was 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. […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was 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. […]

The British Pound is losing sensitivity to the news with a political tinge, as evidenced by its striking resistance to the negative. The GBP / USD pair has managed to register the narrowest trading range since February 2016, despite the statement of the chairman of the European Council Donald Trump. The negotiations will lead to […]

It’s 12 o’clock GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot. Euro/Dollar’s gradual uptrend was followed by a decline, which took the rate back below the opening level. Trading has been passive, volume is extremely low and neutral sentiment of the traders is 7% long. Both sides have had […]

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

Here are the latest developments in global markets: Forex: The dollar was slightly higher versus a basket of currencies, recovering from losses recorded earlier in the day – the dollar index rose back above the 90 level. Dollar/Yen was 0.2% lower at 106.55 amid a suspected cronyism scandal in Japan implicating Finance Minister Taro Aso. […]

GOLD is posting a bearish day after finding resistance at the 40-simple moving average in the 4-hour chart. Moreover, the price dropped below the 23.6% Fibonacci retracement level at 1317.80 of the downleg from 1366 to 1303, endorsing the scenario for further losses. Looking at the 4-hour chart, the Relative Strength Index (RSI) is sloping to the downside in the […]

Since 2013, XM has attended several large-scale financial exhibitions in Germany, including Invest Trade Fair and Congress for Finance and Investment Stuttgart, which we will be participating at for the second time soon . Considered to be one of the largest financial event series in Germany, this year’s Invest takes place on the premises of […]

BITCOIN (BTC) has been trading upwards. The price tested the level of $9.834. This week, People’s Bank of China (PBOC) Governor Zhou Xiaochuan spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains […]

BITCOIN has been quite impulsive with the bullish gains after bouncing off the $8,500 price area with a daily close. Recently Bitcoin failed to sustain its momentum to break above $12,000 which led the price to have a drastic fall below $10,000 price area, resulting in further bearish pressure. The recent bearish pressure is assumed […]

EUR/CHF has been impulsive with the bullish pressure after breaking above the 1.16 price area recently, but currently is observed to be struggling at the edge of 1.1715 with recent daily candles. This week, EUR/CHF is expected to be quite volatile having high impact economic reports to be published back to back on EUR and […]

Recently, GOLD has been trading sideways at the price of $1,318.90. Anyway, according to the 30M time – frame, I have found a successful bearish breakout of the 10h balance, which is a strong sign that sellers are in control. Since Gold ash been already trading in the downward trend, my advice is to watch […]

Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2340. Anyway, according to the 30M time – frame, I found a successful rejection of the pivot resistance 1 at the price of 1.2335, which is a sign of weakness. I also found a hidden bearish divergence on the moving average oscillator, […]

USD/JPY has been quite non-volatile amid the bearish trend as it broke below 111.00 price area with a daily close. Recently, USD/JPY has been quite making corrective moves amid volatile trade in light of mixed economic labor reports published on Friday. Ahead of the upcoming rate hike this month, USD is expected to gain impulsively […]

A new trading week is underway and Dukascopy Forex News Team brings you yet another Spike Controller, so you could assess the fairness of your broker. Euro/Dollar’s daily average spread is point 37 pips. Peak separation of point 9 pips was posted during the past 4 hours. Rate movement has been relatively slow, daily high […]

EUR/USD has been quite indecisive recently after having an impulsive bearish pressure taking the price all the way down below 1.2350 price area with a daily close. Due to mixed economic reports on Friday, USD failed to gain momentum as expected ahead of the upcoming Rate Hike this month. On Friday, US Unemployment Rate report […]

The European Commission has announced its expected official line of action on the regulation of Fintech technology, including Blockchain technology, in all EU Member States. In a press release outlining the ideas that the Commission is now calling an action plan, high-level EU officials are expressing the need to create structures that allow innovative technologies […]

The week begins with the strength of risky assets after the risk-on support of the US labor market report and the ongoing discussion about the exemptions from the Trump customs policy. The political scandal in Japan weighs on USD / JPY. NZD, AUD, NOK are strong. The stock market shines green again. So des BITCOIN. […]

Overview: The EUR/USD pair is still moving between the levels of 1.2260 and 1.2373. Also, the daily resistance and support are seen at the levels of 1.2408 and 1.2442, respectively. Therefore, it is recommended to be cautious while placing orders in this area. So, we need to wait until the sideways channel has completed. The […]

Overview: Pivot point: 1.3813. The GBP/USD pair is still trading around the daily pivot point (1.3813). It continued to move downwards from the level of 1.3813 to the bottom around 1.3765. Today, the first resistance level is seen at 1.3813 followed by 1.3876, while the daily support 1 is seen at 1.3711. Furthermore, the moving […]

Here are the latest developments in global markets: Forex: The dollar was losing some ground versus a basket of currencies on Monday after recording its highest since March 1 last Friday, the day February’s US employment data showed stronger-than-anticipated jobs growth. STOCKS: US markets surged on Friday on the back of the US employment report, which showed that wage […]