The Germany 30 index has managed to cross above the 12,000 handle – a level that may be of psychological importance – after previously falling as low as 11,729.50 during Monday’s trading and coming close to the one-year low of 11,691.60 that was recorded in early February. The bias in the short-term is looking bearish […]

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 long term average spread is point 48 pips, but averages are a lot lower during the recent 1 and 4 hours. Maximum separation has been 3 pips. The […]

The Reserve Bank of Australia will be completing its meeting on monetary policy on Tuesday, with a decision on the Bank’s policy rate being made public at 0330 GMT. Markets widely expect the central bank to keep rates unchanged, with the market’s focus falling on the RBA’s remarks on the outlook for the economy and […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated an 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 a further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident […]

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. […]

Recently, GOLD has been trading upwards. The price tested the level of $1,327.00. Anyway, according to the 30M time – frame, I found a broken bearish pennant, which is a sign that buying looks risky. I also found a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]

Recently, the GBP/USD has been trading sideways at the price of 1.3799. According to the 30M time – frame, I found that the price did successfull test of the pivot support 1 at the price level of 1.3765, which is a sign that selling looks risky. I also found oversold condition on the stochastic oscillator, […]

The Italian Election over the weekend has added a spark to Euro FX markets this morning, with volatility driving price as the market digests the implications. In the EURUSD pair, price has tested support in the form of the 4-Hour moving averages, breaking through all of the major ones, e.g. the 50, 100 and 200-period […]

GOLD remains under pressure as it is training near its opening level over the last few hours. The price struggled below the upper Bollinger band at 1327 after the sharp gain on Friday. The short-term technical indicators are bearish to neutral and point to a weakness in the market. Looking at the 4-hour chart, the Relative Strength Index […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $11.560. Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small […]

Survey results show that people want Amazon cryptocurrencies. One of the world’s largest online stores, this week received feedback that its hypothetical creation of Amazon Coin will be positively received. In addition, Starbucks, another large traditional consumer company, talks about plans to use Blockchain on the Starbucks application, also giving the understanding to create their […]

Here are the latest developments in global markets: Forex: The dollar index was gaining ground, while the Euro was on the defensive following a cloud of uncertainty after Sunday’s elections in Italy. The aussie and the kiwi were also recording notable losses versus the greenback on the back of rising trade tensions. STOCKS: US markets […]

On Monday, 5th of March, the most important item on the event calendar will be ISM data release for the service sector in the USA, which will be the second tip by Friday’s data from the US labor market. Earlier, the PMI indexes for the service sector from France, Italy, Germany, the United Kingdom, the […]

Overview: The GBP/USD pair opened below 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 average (100) starts signaling a […]

Good morning, traders, the Dukascopy TV team is here with Monday’s Daily Trading Signals. Euro/Dollar has 6 indicators pointing South in the hourly chart. Mid and long terms both have 6 neutrals, which are in line with the less than 14% long interbank sentiment. Short and long term models are mostly red for the Cable. […]

German Retail Sales (YoY) (Jan) was released coming in at 2.3% v an expected 3.3%, from -1.9% previously, which was revised to -0.2%. Retail Sales (MoM) (Jan) was -0.7% v an expected 0.8%, from -1.9% previously, which was revised to -1.1%. This data is usually volatile but on this occasion, it has surprised to the […]

EURUSD has completed two consecutive positive trading days following the rebound on the lower Bollinger band, which holds near the 1.2160 support level. However, currently, the pair is moving slightly lower below the 20 and 40 simple moving averages in the daily chart. Remaining in the short-term chart, technically, the momentum indicators are endorsing the recent downside […]

We would like to inform our clients that considering our recent notification regarding the Italian General Election, the margin requirements on all instruments have been automatically readjusted in accordance with the previous leverage settings of each of our client’s trading accounts on financial instruments as of today, Monday 5th March 2018. All temporary measures taken […]

EUR/USD has been quite bearish today after rejecting off the 1.2350 price area after the recent impulsive bullish pressure off the 1.2150 area. Ahead of the Rate Hike by the US Fed this month, EUR/USD has been quite indecisive whereas EUR is recognized to be the leading currency for the moment. Today, Spanish Services PMI […]

Morning Report: 07.00 London The Euro is struggling this morning after Italian election results pointed to no overall majority, but with a clear swing away from mainstream parties. Most dollar pairs are lower this morning, but the EUR/USD is showing relative weakness. The EUR/GBP has reversed from the highs this morning as investors fret over […]

Wave summary: We have finally seen the expected upside acceleration and EUR/NZD is currently testing resistance near 1.7102, This resistance might be able to cap the upside for a minor correction closer to 1.6965, but form there a new attempt is expected on the resistance at 1.7102, and this time it should prove successful for […]

Wave summary: As expected, we saw a final spike lower to 129.63 (the low was seen at 129.53), this should have completed the wave A, and now we are looking for the wave B towards at least 1.3290. In the short term, a break above the minor resistance at 130.74 will confirm that the wave […]

EUR/JPY This cross pair is a weak market. It is interesting to see the market is engaged in a long, protracted bearish movement. Since the beginning of February, at least, 700 pups have been shed. In the past few weeks, short-term rallies have been invariably followed by further southwards movements. There is currently a Bearish […]

USD/JPY The USD/JPY moved sideways from Monday to Thursday and then began to come downwards (to place more emphasis on the bearishness of the market). Price has gone below the supply levels at 106.50, and 106.00; and it may test the demand levels at 105.50, breaching it to the downside as another demand level at […]

USD/CHF This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. The bearishness in the market has been in place since early November 2017; plus last week was rough. The price rose from the support level at 0.9350, went above the resistance level at […]