Good morning, traders, the Dukascopy TV team is here with Monday’s Daily Trading Signals. Euro/Dollar has 6 green indicators in the hourly scale, but both the mid and long term models are mostly neutral, just like the 13% long interbank sentiment. All of the models are pointing North in the Cable’s short term. Mid term […]

As we warned last week, the Dollar index was testing resistance at 90.30 where the cloud was found and got rejected. Price is still above the March lows. Bears remain in control. Price is below the Ichimoku cloud. Resistance remains at 90.30. Support is at 89.40. A break below it will push price towards 88.30. […]

The GOLD price remains inside the trading range of $1,300-$1,350. Price is moving above and below the 4-hour cloud for the last couple of weeks. There is no clear trend. This is better depicted in the Daily chart as price remains inside the cloud. Red line – resistance Blue line – support The price is […]

EURUSD remains under strong pressure and risk is still to the downside as prices continue to post neutral days after the significant bearish day last Thursday. The short-term technical indicators are flattening and point to more weakness in the market. Looking at the daily timeframe, the prices are looking capped by the 20 and 40-simple […]

Technical outlook: The US Dollar Index seems to be poised to print higher highs and higher lows going forward. The entire rally between 88.25 through 90.90 levels has taken out the initial resistance at 90.50/60 and hence it can be labeled as wave 1 as shown here. The subsequent drop has been corrective in nature […]

Technical outlook: The EUR/USD pair is still looking for a lower top to be carved out before the drop could accelerate. The pair seems to have either topped out around 1.2450 levels last week or it would push through 1.2470/80 levels before reversing lower. Please note that 1.2470/80 is also the fibonacci 0.786 resistance level […]

Morning Report: 07.00 London This morning, the dollar index remains weak following Friday’s mixed jobs report. Headline Non Farm Payrolls increased more than expected, but average earnings and unemployment both disappointed. Dollar pairs have enjoyed the release, with the AUD/USD and NZD/USD gapping higher at the open. The EUR/USD’s early trading is a little more […]

West Texas Intermediaries (WTI) is slightly higher following a reduction in the number of Oil rigs in the United States. A report by the Energy Information Administration (EIA) showed that the country’s oil drillers reduced the number of rigs by 4. The number of rigs presently stands at 796. This is however higher than the […]

On Friday, the United States released official job numbers that exceeded analysts’ forecasts. The numbers showed the country’s unemployment rate steady at 4.1% which was a sign that the economy was sustaining the momentum. At the same time, more than 300K jobs were created. This was significantly higher than what the analysts were expecting. As […]

USD/JPY is expected to prevail its upside movement. The pair keeps trading on the upside and striking against the upper Bollinger band. It is currently at levels above the 20-period moving average. And the ascending 50-period moving average is helping to maintain intraday bullishness. Upward momentum is also evidenced by the relative strength index, which […]

USD/CHF is expected to trade with bullish outlook. The pair is consolidating above the key support at 0.9485, which should allow for a temporary stabilization. The relative strength index has broken above the declining trend line since March 9 and crossed above the neutrality level at 50. To sum up, above 0.9465, look for a […]

GBP/JPY is expected to prevail its upside movement. The pair posted a rebound after touching the rising 50-period moving average and broke above the 20-period one. The relative strength index has landed on the neutrality level at 50 and is turning up. Hence, as long as 147.25 is not broken, look for a rebound to […]

NZD/USD is expected to trade with bullish outlook. The pair is trading within the bullish channel, which confirmed a positive outlook. The upward momentum is further reinforced by both rising 20-period and 50-period moving averages. The relative strength index calls for a new upleg. Hence, as long as 0.7280 holds on the downside, look for […]

The price has risen perfectly to our profit target and looks poised to rise further after breaking a strong descending resistance-turned-support line. We look to buy above 106.48 (Fibonacci retracement, horizontal overlap support, breakout level) for a push up to 108.51 (Fibonacci retracement, horizontal pullback resistance). We do have to be cautious about 107.78 resistance […]

The price has made a bullish exit of long-term descending resistance-turned-support and we look to buy above major support at 0.7838 (Fibonacci retracement, Horizontal overlap support, bullish exit) for a push up to at least 0.7894 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). RSI (55) has made a similar bullish exit signaling that a […]

When the European market opens, there is no Economic Data will be released, only Eurogroup Meetings will be watch for the Euro Zone. The US will release the Economic Data too, such as Federal Budget Balance and 10-y Bond Auction, so, amid the reports, EUR/USD will move in a low to medium volatility during this […]

In Asia, Japan will release the Prelim Machine Tool Orders y/y and BSI Manufacturing Index data, and the US will release some Economic Data, such as Federal Budget Balance and 10-y Bond Auction. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. […]

USD/CHF There was a commendable bullish effort in this market. The USD/CHF is bullish in the near-term. However, it is neutral in the medium-term and bearish in the long-term. Now, in the short-term, price moved sideways from Monday to Wednesday and then rose on Thursday, becoming bullish. From the support level at 0.9350, the price […]

EUR/JPY The situation surrounding this cross is quite intriguing. The price moved sideways on March 5, rose upwards later that day and on March 6, but then consolidated throughout last week. The consolidation can continue this week, but a rise in momentum is also expected. When a breakout occurs, it will most likely be in […]

USD/JPY This is a weak market that cannot go seriously upwards. The outlook on the USD/JPY pair remains bearish, but some bullish effort was made last week. For instance, the price rose from the demand level at 105.50, to test the supply level at 107.00. This kind of price action can only threaten the extant […]

The report on the labor market, published on Friday, came exactly as it was expected- on the one hand, it indicates a steady growth of the economy, on the other, it removes fears of the fourth rate increase this year. The number of new jobs exceeded all possible forecasts. In February the increase was 313, […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Weekly financial news by- Binary.com-March 11th 2018

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Daily financial news by- Binary.com-March 9th 2018

The European Central Bank has decided to leave the main interest rate unchanged at the level of 0.00%, together with the deposit facility rate at -0.40% and the marginal lending facility at 0.25%. Nevertheless, during the ECB press conference, the market participants received a hawkish modification of the previous statement from the ECB. ECB President […]

A month ago, a stronger-than-expected wage growth of 2.9% y/y raised concerns about the acceleration of inflation. Now, much depends on whetherthe signal will be confirmed in the February data. The forecasted increase of 0.2% m/m should seal Fed’s interest rate hike in two weeks, but it may not be enough to give a clear […]