When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, Spanish Flash CPI y/y, and German Prelim CPI m/m. The US will also release the Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, […]

In Asia, Japan will release the BOJ Core CPI y/y and the US will release some Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So there is a probability that […]

Price is testing major resistance at 0.9390 (Fibonacci extension, bearish harmonic formation, descending resistance) and a strong reaction could occur at this level to push the price down to the 0.9321 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Sell below 0.9390. Stop […]

Price is approaching strong resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish price action) and a strong reaction could occur at this level to push the price down to the 0.7769 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding reaction could occur. […]

The bears are trying to keep alive the momentum in the index, as it’s struggling to consolidate above the 200 SMA at H1 chart. The support zone of 89.36 remains intact, and a break below it should expose the 87.88 level. To the upside, if a rebound happens at the current stage, the next target […]

GBP/USD gained momentum across the board during the Monday’s session and is consolidating the price action above the 200 SMA; a move which should put in focus the resistance zone of 1.4078 as the next target to the upside. If it manages to break it, then the next step would be the 1.4209 level, while […]

GBP/USD gained momentum across the board during the Monday’s session and is consolidating the price action above the 200 SMA; a move which should put in focus the resistance zone of 1.4078 as the next target to the upside. If it manages to break it, then the next step would be the 1.4209 level, while […]

GOLD PRICES regained half of last week’s losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell’s first congressional testimony, writes Steffen Grosshauser at BullionVault.   Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial […]

EUR/USD is currently struggling at the 1.23 price area ahead of the ECB President Draghi’s speech. The price has been quite indecisive at the edge of the 1.23 price area as it is the most important event level from where if broken below the price is expected to be quite impulsive with further bearish pressure. […]

GOLD is heading south over the last couple of hours, while it started the day in green. In the 4-hour chart, the precious metal is developing within the 50.0% and 61.8% Fibonacci retracement levels of the downleg with the high of 1366 and the low of 1307. The price struggled within 1336 and 1343 after the aggressive jump towards 1340.90 during today’s […]

The post of President of the People’s Republic of China, Xi, took place at a time that only apparently required a new head of state to carry out far-reaching reforms. Going back in time, you can see that the first months of Xi’s power are primarily the presence of relatively strong shocks generated by financial […]

Calm Monday trading as markets awaits Powell hearing The rebound on the Asian stock markets following the optimistic end of the last week on Wall Street brings stable trading in currency markets with a mild weakening of the US Dollar and the strengthening of the emerging markets. GOLD is trying to rally, Crude Oil remains […]

Overview The GOLD price opens today’s trading with strong rise after leaning well on the bullish channel’s support that appears on the chart, to breach 1335.40 level and settles above it now, which hints stopping the recently suggested negative scenario and head to regain the main bullish trend again, supported by moving above the EMA50 […]

Overview Silver price managed to achieve our first target represented by the EMA50, located now at 16.75, noticing that stochastic provides clear positive signals on the daily time frame, which forms positive motive that we are waiting to push the price to continue rising in the upcoming period, waiting to head towards 17.43 that represents […]

The S&P 500 (SPX) rallied strongly on Friday, finishing the week in positive territory. U.S. Treasury yields and Federal Reserve interest rate hike expectations remain a key factor. After the Federal Reserve released minutes of the meeting of its decision-making Federal Open Market Committee (FOMC), U.S 10-year yield hit a fresh four-year high of 2.95% […]

Here are the latest developments in global markets: Forex: The dollar remained broadly weaker against a basket of currencies, with markets eagerly awaiting Jerome’s Powell congressional testimony for positioning on the US currency moving forward. Euro/dollar was 0.3% up and Pound/dollar traded higher by 0.5%, hitting a 10-day high of 1.4069 earlier on Monday. Sterling […]

The pace of news flow has picked up on this Tuesday, 27th of February, so find out more by watching the Dukascopy Economic Calendar. Euro Zone M3 Money Supply statistics for January open this agenda at 9 AM. The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December, from 4.9% […]

The Japanese Yen confidently leads the race for the title of best performer of the year among the G10 currencies, has strengthened against the US dollar by 5.4% since early 2018. Jerome Powell’s speech before the Congress is viewed by investors as a clue about the future dynamics of USD / JPY pair to determine […]

Recently, the GOLD has been trading upwards. The price tested the level of $1,341.06. Anyway, according to the 30M time – frame, I found a rejection of the upper diagonal, which is a sign that buying looks risky. I also found the overbought condition of the stochastic oscillator, which is another sign of weakness. My […]

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.4070. Anyway, according to the 30M time – frame, I found a rejection of pivot resistance 2 at the price of 1.4060, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which […]

Overview: The GBP/USD pair is still trading below the resistance of 1.4055. It will probably continue to move downwards from the level of 1.4055. Today, the first resistance level is seen at 1.4055 followed by 1.4123, while the daily support 1 is seen at 1.3901. Furthermore, the moving average (100) starts signaling a downward trend; […]

Overview: The trend of the EUR/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.2259 and 1.2373. Also, the daily resistance and support are seen at the levels of 1.2408 and […]

It’s noon GMT on this week’s first trading day and time for the Dukascopy Midday Snapshot. Euro/Dollar has been trending higher and rise puts the pair point 38% in the green. Traded volume is average and neutral sentiment of the traders is almost at an even balance. Rate has been heading higher, suggesting a successful […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Trading plan 02/26/2018 The overall picture: This is the week of important news. In the new week, there will be several important news in the US. A package for three days: Tuesday, Wednesday, Thursday. On Tuesday and Thursday, the US Congress will make a report with the new head of the Federal Reserve Powell at […]