Yesterday, data from the U.S government showed that the economy grew at a slower pace than expected. The data showed that in the fourth quarter, the country’s GDP expanded at an annual rate of 2.5 percent. This was slightly lower than the consensus estimate of 2.6 percent. This was also lower than the third quarter […]

In December, the dollar weakened against the Euro. The biggest weakness came in February, where the pair moved from 1.1987 to a monthly high of 1.2531. Last month, the optimism in the US economy, the rise in volatility, the rise in government bonds, and the optimism for more hikes led the dollar higher, rising by […]

You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar’s hourly signals are mixed, but both the mid and long terms are clearly bearish. Interbank sentiment is neutral at less than 6% long. The Cable shows a similar picture with mixed results in the […]

Here are the latest developments in global markets: Forex: The dollar recorded a six-week high versus a basket of currencies ahead of Fed chief J. Powell’s hearing before the Senate Banking Committee and key data out of the US. The aforementioned high came mostly on the back of gains from previous days though, as the […]

NZDUSD is edging sharply lower over the last sessions after it created a double top at the 5-month high of 0.7435 on February 16. The double top reversal is a bearish pattern indicating further losses on the price action. When looking at the bigger picture the pair lacks a clear trend since it has been developing within a narrow range […]

Yang Chin-long, the new governor of the Taiwanese Central Bank, said yesterday in a speech that the bank will be open to exploration of Blockchain technology. At the end of January, Taiwan’s capital announced that it intends to transform into a “smart city”, using Blockchain to provide citizens with technological solutions, such as pollution sensors […]

In the first hours of March, the USD sustains growth amid weak sentiment in the equity market. AUD reacted negatively to domestic data. PMI from China surprised positively. On the commodity market, the strength of USD keeps prices in check. WTI Crude cannot recover after yesterday’s $2 slump in the direction of 61.30. Similarly, GOLD […]

The Dollar index has broken through the previous high at 90.60. Short-term trend remains bullish. Next important resistance is found at 90.85 where we find the 38% Fibonacci retracement. Red line – resistance (broken) Black line – resistance (broken) The Dollar index is breaking above the short-term resistance levels and continues to trade above both […]

GOLD price has made a new lower low. Price remains in a bearish short-term trend after the cloud rejection. Daily trend has turned to neutral after price entering the Daily Kumo. Gold price is below both the tenkan- and kijun-sen indicators. Short-term support is at $1,307 at the February lows. Resistance is at $1,335 at […]

Morning Report: 07.00 London The British Pound remains under severe pressure this morning after Brexit negotiations hit a severe stumbling block in the form of the Northern Irish border. This issue had essentially been swept under the carpet, but it now returned to haunt UK negotiators. The GBP/USD slumped below 1.3800, with the GBP/JPY plunging […]

USDJPY has been trading considerably lower since roughly the beginning of November, hitting a 15-month low of 105.50 on February 16. Price action is developing below the 23.6% Fibonacci retracement level near 107.70 of the downleg with the high of 114.70 and the low of 105.50. The aforementioned obstacle overlaps with the 20-day simple moving average and […]

Breaking forecast 03/01/2018 EURUSD: Keep selling. We continue selling the Euro from 1.2255, but the stop is relocated to the breakeven. Target is 1.2100. There are potential surprises, and a complete reversal may be seen. In this case: Buy the the euro from 1.2360, stop at 1.2315, target 1.2560. Technically: the rate broke through an […]

German Gfk Consumer Confidence Survey (Mar) was 10.8 v an expected 10.9, from a prior number of 11.0. French Consumer Price Index (EU norm) (YoY) (Feb) was 1.4% v an expected 1.5%, from a prior number of 1.5%. EURUSD moved lower from 1.22370 to a low of 1.22000. Swiss KOF Leading Indicator (Feb) was 108.0 […]

Wave summary: EUR/NZD continues to move higher as expected, but we would like to see some upside acceleration soon and a break above the minor resistance at 1.6999, and more importantly, a break above the resistance at 1.7094 that confirms our expectation of a continuation higher to 1.7470 and 1.7777. Support is now seen at […]

Wave summary: EUR/JPY continues to follow the expected path lower towards the next downside target seen at 128.69. Short-term resistance is seen at 130.41 and again at 130.89. The later one should be able to cap the upside for the expected decline lower towards 128.69. R3: 131.15 R2: 130.89 R1: 130.41 Pivot: 129.80 S1: 129.40 […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX markets end Feb without major changes on the day. -USDX firms further on New Fed chair’s hawkish testimony. -Asain PMis are a mixed bag. -Japan’s consumers have a rethink. -When Theresa met Donald – no the other one. -Household debt and Central Banks. The overnight changes and price moves to […]

When the European market opens, some Economic Data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will also release the Economic Data such as […]

In Asia, Japan will release the Consumer Confidence, 10-y Bond Auction, Final Manufacturing PMI, and Capital Spending q/y and the US will also release some Economic Data such as Total Vehicle Sales, Natural Gas Storage, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, Personal Income m/m, Unemployment Claims, Personal Spending m/m, […]

What do the Comex Silver bears know…?   YOU MIGHT think hedge fund traders have called it right so far in 2018 on silver investing, writes Adrian Ash at BullionVault.   As a group, the ‘Managed Money’ category of traders betting on Comex silver contracts stayed bearish overall in mid-to-late February, having turned against the […]

Australia will see its latest business investment data early on Thursday with the release of private new capital expenditure figures (CAPEX) for the final quarter of 2017. While analysts predict a slowdown in private investments, the measure is expected to finish the year in growth territory for the first time since 2011, flagging a positive […]

BITCOIN has managed to reach above $11,000 price area today but unfortunately could not sustain its gains for long enough. The Bitcoin market is still quite lucrative for some of the market players who does see good potential in the market and expect it to push higher towards $15,500 price area in the coming months. […]

EUR/AUD has been volatile and corrective below 1.5750 price area for a few days. Now the pair is expected to proceed lower in the coming days. AUD has been quite dominant today despite downbeat economic reports whereas EUR is struggling to sustain its gains. Ahead of Australia’s high impact economic report, Private Capital Expenditure report […]

The corrective mode of EUR/GBP seems to be never ending as the corrective bearish squeeze is turning more volatile every day. Ahead of the high impact economic reports from the UK, EUR has gained impulsive momentum which might be a signal of further gains in the coming days. Today, German Gfk Consumer Climate report was […]

EURJPY has been quite impulsive with the bearish pressure today which is expected to create lower highs in the coming days. Despite having worse economic reports today, JPY gained impulsively which was quite impressive but expected. Today Japan’s Prelim Industrial Production report was published with negative value of -6.6% decreasing from the previous positive value […]

On Sunday, 4th March, Italian voters will go to an election, widely accepted to be the most important in Europe this year. The results of the election in the EU’s fourth largest economy may bring the EU back to the crisis following the results of the Brexit vote. The main parties in the election are […]