GOLD BULLION slipped against a weakening Dollar in London trade Wednesday, retreating $10 from a 1-week high at $1340 per ounce as talk of a global ‘trade war’ spurred by US President Donald Trump grew yet again following the resignation of his top economic advisor, Gary Cohn.   After new data showed US factory orders […]

Crude Oil prices declined on Wednesday, amid a broad sell-off after the resignation of Gary Cohn, who was the economic adviser to U.S. President Donald Trump. Cohn was a key advocate for free trade in the U.S. government and his departure is escalating concerns that the Trump administration will go ahead with import tariffs and […]

Here are the latest developments in global markets: Forex: The resignation of Trump’s economic adviser and free-trade advocate, Gary Cohn, late yesterday, spurred speculations that the President’s plans to impose hefty import tariffs on aluminum and steel were more likely than analysts previously thought. The dollar index touched a fresh two-week low at 89.40 (-0.14%) and dollar/Yen continued to trade near […]

It’s noon GMT on this Wednesday, so let’s see how traders have performed during the morning session. Euro/Dollar shows limited rate movement range of 42 pips, but the pair has attracted an average amount of funds. Sentiment of the traders is neutral, 7% long. The calmer than usual rate movement suggests no significant moves in […]

The ECB Monetary Policy Thursday is here, so let’s take a look at the fundamentals scheduled for publication. Swiss unemployment rate for February is out first at 6:45 in the morning. Jobless rate has stood steady at a multi year low of 3% for three consecutive months now, but it’s expected to edge lower once […]

Overview: The daily pivot point is set at the point of 0.9438. Today, the USD/CHF pair will probably continue rising from the level of 0.9342 in the long term. It should be noted that the support is established at the level of 0.9438 which represents the daily pivot point on the H4 chart. The bias […]

Overview: The NZD/USD pair continued moving upwards from the level of 0.7200. This week, the pair rose from the level of 0.7200 (weekly support) to the top around 0.7285. Today, the first support level is seen at 0.7200 followed by 0.7145, while daily resistance is seen at 0.7336. According to the previous events, the NZD/USD […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2444. According to the 30M time – frame, I found series of higher highs and higher lows, which is a sign that buyers are in control. I also found a bullish cross on the stochastic oscillator, which is another sign of […]

EURJPY remains under strong pressure as it has started an aggressive bearish correction since February 2. The price lost more than 30% of its gains since April 2017 as it tried to challenge the 38.2% Fibonacci retracement level at 128.80 of the upleg from 114.90 to 137.50. During today’s European session the pair completed two […]

Recently, GOLD has been trading upwards. The price tested the level of $1,340.42. According to the 30M time-frame, I found a successful rejection of the pivot level ($1,330.84), which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic oscillator, which is another sign of strength. My advice […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $10.369. The controversial owner of the web portal Bitcoin.org and Bitcointalk, an anon named ‘Cobra Bitcoin’, has been a popular subject within the cryptocurrency community lately. It’s strange that a person who nobody really knows has so much control within […]

The US index has taken a fall lower with worries over trade tariffs. Today, it is opening with a gap down after the US Chief Economic Advisor to President Trump resigned last night. This raises the risk of a trade war taking place. The price has found support around the 2680.00 area and has a […]

Make sure your broker is staying honest by watching the Dukascopy Spike Controller. These are the benchmark interbank price stats for Wednesday. Euro/Dollar’s spreads have averaged at point 33 pips during the past 24 hours, peaking at 1.4 pips. The pair appreciated by a total of 100 pips or point 81% as it broke through […]

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. […]

Bank of Canada monetary policy announcement is one of the highlights for this Wednesday, so stay with us to find out more with this edition of the Economic Calendar. UK Halifax House Price Index for February opens this agenda at 8:30 in the morning. On a monthly basis, prices fell for the second consecutive month […]

Here are the latest developments in global markets: Forex: The dollar was recording losses versus a basket of currencies, falling to its lowest in two weeks, as fears over as potential trade war were rekindled following the resignation of US President Trump’s top economic advisor, a free trade proponent. STOCKS: US markets managed to close […]

Kakao, a service provider for the large South Korean mobile messaging application KakaoTalk, will set up a branch of Blockchain, a pre-named Kakao Blockchain, and is also considering starting the creation of ICO. Jae-sun Han, partner and Development Director in the incubator of Future Play technology startups, will be the representative of the new organization. […]

The resignation of chief economic advisor to President Trump reactivates concerns about trade wars and restores the risk-off climate to the market. JPY and CHF are getting better, AUD and CAD are doing the worst. The stock market in Asia shines red: Japanese Nikkei225 lost 0.77% today, and Shanghai’s main index falls by 0.6%. On […]

These are the Daily Trading Signals for Wednesday. Let’s see how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s hourly indicators are mostly neutral, but both the mid and long terms have 4 green prompts. The only 14% long interbank is neutral, just like the hourly studies. Pound/Dollar shows mixed results in […]

Morning Report: 07.00 London This morning, the US dollar remains weak as markets digest the resignation of Gary Cohn from the government administration. Widely regarded as the ‘adult in the room’, Cohn’s resignation is seen as a sign that Tariffs really will happen. This also opens up wider concerns about the Trump administration, with stock […]

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The Dollar index broke below support of 89.80 yesterday and is now testing the lower cloud boundary in the 4-hour chart. Trend has changed from bullish to neutral and is very close to turning bearish. After being rejected at the resistance of the 38% Fibonacci retracement, the Dollar index is making lower lows and lower […]

GOLD price is now in a neutral short-term trend after entering inside the Ichimoku cloud of the 4-hour chart. Price reached the upper cloud boundary and got rejected. Gold continues to trade inside a range of $1,310-$1,350. Short-term resistance is at $1,337. The 4 hour candles did not manage to close above that level and […]

EUR/JPY has been quite indecisive and volatile recently after reaching 131.50 resistance area from where it is currently expected to push lower. Despite disappointing economic data from Japan today ahead of more macroeconomic reports later this week, JPY gained impulsive momentum over EUR which is indeed quite remarkable. EUR has been struggling amid mixed economic […]