Find out how trading has been shaping up for market players during the morning session on this Thursday by watching the Dukascopy Midday Snapshot. Euro/Dollar’s session has been calm, high and low difference is just 39 pips and traded volume is low. Sentiment of the traders is neutral, short positions are up by just 9%. […]

Here are the economic publications that could influence the FX markets on this relatively light Friday. Finalized German Gross Domestic Product report for the fourth quarter of 2017 opens this agenda at 7 o’clock in the morning. According to preliminary report, growth slowed down slightly during the last three months of last year, coming in […]

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3869. Anyway, according to the 30M time – frame, I found a successful rejection of the pivot support 1 at the price of 1.3875, which is a sign that selling looks risky. I also found a hidden bullish divergence on the stochastic […]

Overview: The USD/CHF pair broke resistance at 0.9361 which turned into strong support yesterday. This level coincides with 61.8% of Fibonacci retracement which is expected to act as major support today. Equally important, the RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the […]

EUR/USD: A bearish signal has been generated on the EUR/USD, which has been going downwards since last Friday. The EMA 11 is below the EMA 56, and the Williams’ % Range period 20 is in the oversold region. While there may be temporary rallies, the market is bound to go further downwards. USD/CHF: A bullish […]

The BITCOIN (BTC) has been trading downwards.As I expected, the price tested the level of $10.039. Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others. Experts […]

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 the 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 1.2050-1.2100 (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. […]

The reaction to the FOMC Minutes in the US30 index was to initially rally on the positive tones coming from the Fed. However, as we have seen recently, fears about inflation took hold, sending the price tumbling lower through strong support around 25000.00 and 24876.70. The low created so far is 24589.00. A break lower […]

This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors. Averages are slightly above the point 3 pip level in all three time ranges for the Euro/Dollar. Peak separation has been 2.1 pips. The pair moved sharply down from the high […]

Goldcorp invested over 35Mio. $ into Auryn Resources which is a huge commitment for the company, the team and the properties. A lot of good drill results came out recently but many more will be released in the first half of 2018, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]

On Tuesday, February 20, the Financial Times reported that the Venezuelan government began pre-selling the world’s first Petro-based Petr Criminal Investigation (PTR) based on Oil. 82.4 million Petro is already on sale, both for cash and cryptocurrency, although it remains unavailable for Venezuelan Bolivar. According to Venezuelan Minister of Foreign Trade and International Investments, Jose […]

During the night, the negative sentiment for the stock market was crystallized during the bust of Wall Street from the last few tens of minutes of trading. Futures on the SP500 are below 2700 points, the EUR/USD subsided at 1.23 and USD/JPY is below 107.50. Profitability of 10-year US Treasury bonds is growing towards long-term […]

The Dollar index has reversed its short-term trend to bullish. The price is breaking above important resistance levels for the short-term and is challenging medium-term trend change levels. There is many chances the Dollar index decline from 103.60 is over. Red line – long-term resistance The Dollar index has broken above the Ichimoku cloud in […]

The GOLD price is trading below the 4-hour Kumo. This is a short-term bearish sign. The price bounced towards cloud resistance yesterday and was unable to break it. The price got rejected and moved to new lows yesterday. The price is making lower lows and lower highs. The price is below the Ichimoku cloud. Resistance […]

Bullish Signs From Fed Officials. Yesterday, the Fed released the minutes for the FOMC meeting which happened in January 30-31. This was Janet Yellen’s final meeting at the Fed. The minutes showed that committee members were confident about the economy. They showed that some members were confident that the economy was growing much faster than […]

The Pound continued its downward momentum against the dollar following yesterday’s release of the FOMC minutes. The minutes showed that Fed officials were increasingly optimistic about the economy, which they predicted would reach their target of 2% later this year. As a result, the dollar went up against the major currency pairs. Today, with no […]

Here are the latest developments in global markets: Forex: The dollar index was 0.2% higher on Thursday, adding to the notable gains it posted yesterday on the back of the Fed minutes from the January meeting, which were quite upbeat. The greenback moved in tandem with US Treasury yields that surged across the board in […]

Morning Report: 07.00 London This morning, the dollar index is on the rise again, marking a potential five straight days of gains for the Greenback. The latest move came after last night’s FOMC meeting minutes revealed a Fed leading to further rate hikes sooner than expected. Dollar pairs sunk on the news, with the AUD/USD […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Dukascopy Daily Trading Signals. Euro/Dollar’s short and long term indicators are mostly neutral. There are 6 red prompts in the 4-hour chart, but the close to 23% long interbank sentiment is bullish. Pound/Dollar’s 1 and 4-hour charts show mostly […]

USDJPY recorded four bullish trading days in a row following the rebound on the 15-month low near the 105.50 support level. The aggressive bearish rally in the previous week started after the fall below the 50.0% Fibonacci retracement level near 108.80 of the up-leg with the low of 98.96 and the high of 118.60 and […]

Burning Forecast 02/22/2018 EURUSD: We are waiting for the breakthrough of the range. On Wednesday, the only important event of the week for the market was held – the report of the last meeting of the Fed (“minutes” of the Fed) was published. The report showed the Fed’s great optimism about the state of the […]

German Markit Manufacturing PMI (Feb) was 60.3 v an expected 60.6, from 61.1 previously. Markit Services PMI (Feb) was 55.3 v an expected 57.0, from 57.3 previously. Markit PMI Composite (Feb) was 57.4 v an expected 58.5, from 59.0 prior. EURUSD moved lower from 1.23318 to 1.23168 following this data release. Eurozone Markit Manufacturing PMI […]

Wave summary: EUR/NZD is kissing and hugging the 61.8% support at 1.6740, but it should just be a matter of time before the minor resistance at 1.6822 is challenged and, more importantly, before the resistance at 1.6865 is being tested. A break above the resistance at 1.6865 will confirm that the wave ii has completed […]

Wave summary: The expected rally in the wave x has taken a complete different path than we expected. The failure to break above the minor resistance at 133.39, and the quick descent and break below support at 131.71 show that the wave x instead has turned into a triangle, and the next zig-zag decline towards […]