When the European market opens, some Economic Data will be released such as Belgian NBB Business Climate, ECB Monetary Policy Meeting Accounts, German Ifo Business Climate, and French Final CPI m/m. The US will also release the Economic Data such as Crude Oil Inventories, Natural Gas Storage, and Unemployment Claims , so amid the reports, […]

In Asia, today, Japan will not release any Economic Data but the US will release some Economic Data such as Crude Oil Inventories, Natural Gas Storage, and Unemployment Claims. So there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.89. Resistance. […]

In Asia, today, Japan will not release any Economic Data but the US will release some Economic Data such as Crude Oil Inventories, Natural Gas Storage, and Unemployment Claims. So there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 107.89. Resistance. […]

Price has finally made a pullback to our major resistance at 107.60 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and is starting to react off it. We remain bearish looking for the price to make a push down to the 105.74 support (Fibonacci extension, horizontal swing low support) once again. RSI (89) sees a long […]

Price is approaching major support at 0.7731 (Fibonacci extension, Fibonacci retracement, horizontal overlap support), and a strong bounce from this level would push the price up towards the 0.7986 resistance (Fibonacci retracement, horizontal swing high resistance). We have to be careful about intermediate resistance at 0.7890 too. Stochastic (34,5,3) is seeing major support at 0.4% […]

After displaying an irrational behavior in early 2018, the dollar and GOLD gradually return to the previous drivers. If in January and in the first half of February the increase in the yield of US Treasuries led investors to confusion causing the decline in the USD index, then on the eve of the publication of […]

The USDX managed to advance above the support zone of 89.36 and it’s now targeting the resistance area of 90.63. Bulls are still trying to gather enough momentum to consolidate the structure above the 200 SMA on the H1 chart, so the risk to the downside remains high. Once the index breaks below the 89.36 […]

The pair had a bearish journey during Wednesday’s session as the price action consolidates below the 200 SMA and remains well supported by the 1.3939 level, which is the last hurdle before reaching the 1.3753 level. If bulls regain the control, the next target to the upside would be the 1.4078 zone. H1 chart’s resistance […]

Canadian retail sales and figures on consumer prices will go public this week but based on forecasts, inflation pressures are not seen warming up yet as both retail sales and inflation are expected to slow down instead. Taking this into account and considering the Bank of Canada’s data dependent policy approach, additional rate hikes are likely to come later than […]

The Basics of Technical Analysis. A few weeks ago, the global stocks market started to fall. Some Indices, such as the S&P and Hong Kong’s Hang Seng dropped so much that they entered a correction zone. To many investors and market watchers, this was a surprise to them. However, to traders who believe in technical […]

The European Central Bank will release its account of the monetary policy meeting that took place in January on Thursday at 1230 GMT. The minutes from the December meeting took markets by surprise by being more on the hawkish side of the spectrum than markets expected, leading to a rally in the Euro. Should Thursday’s […]

The US 500 index is moving slightly lower after the sharp buying interest in the previous week pared some of the steep losses from earlier in the month. The price is developing below the bearish crossover within the 20 and 40 simple moving averages in the daily timeframe, suggesting downward pressure. From the technical point of view, […]

GOLD PRICES struggled to recover from yesterday’s sharp drop against the rallying US Dollar in London on Wednesday, halving last week’s 2.2% gain as world stock markets fell, bond prices steadied and Commodities edged higher.   Retreating 2.6% from last Friday’s 3-week high at $1361 per ounce, the gold price in Dollar terms has now cut […]

The Fed will release the minutes from the January FOMC meeting on Wednesday at 1900 GMT, and investors will be watching closely as they try to gauge whether the central bank will chart a more hawkish course moving forward. While an optimistic tone in the minutes may help the dollar to extend its latest recovery, […]

WTI Crude Oil futures have been underperforming since yesterday’s trading period, however over the last few hours they are trying to gain some ground. In the short-term timeframe, the technical indicators seem to be in confusion as they are giving signals for opposite tendency. In the 4-hour chart, the MACD oscillator is falling in the positive zone below its […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $10.645 and met the first target. Public consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a […]

In the absence of important data and big events, the US Dollar’s bounce is the path along the line of the least resistance. Today, the release of FOMC Meeting Minutes is attracting attention, but the market participants may have too high expectations. The US Dollar continues to rebound this week, although it is difficult to […]

It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/dollar has had a slow session – the pair has been hovering slightly above the 1 23 level in a total range of 37 pips, attracting 30% less than typical funds. Neutral sentiment of the traders is 3% short. Rate […]

Let’s take a look at the potential FX market movers for Thursday, 22nd of February. German IFO business climate for February is out first at 9 o’clock in the morning. Sentiment among German businesses was very strong going into this year as index advanced from 117.2 posted in December. Sterling traders will be watching closely […]

Here are the latest developments in global markets: Forex: Although British average earnings (excluding bonuses) in January appeared stronger than expected, reaching the highest growth in a year, Pound/dollar eased to a one-week low of 1.3913 (-0.51%) as the unemployment rate rose surprisingly for the first time since June 2015 in the three months to […]

New Zealand retail sales data for the fourth quarter of 2017 are due for release at 2145 GMT on Thursday, with forecasts pointing to a strong rise in quarterly terms. The indicator is expected to edge up by 1.4% in the three months to December, following a rise of 0.2% before. The latest release was […]

GBP/USD has been correcting itself above the support area of 1.3850-1.3950 for a few days now from where the price is expected to push higher in the coming days. Today GBP has been quite mixed with the economic reports but positive Claimant Count is expected to help the economy grow better in the coming days. […]

USD/CHF has been in a strong bearish trend since it bounced off 1.00 price area which is still quite stable and expected to continue further. Recently USD has pushed the price higher against CHF having positive Employment Change report but the bullish pressure is expected to end very soon. Recently CHF Trade Balance report was […]

EUR/AUD is currently residing at the edge of breaking above 1.5750 resistance area with a daily close in the coming days. EUR has been quite positive with the recent economic reports which helped the currency to gain momentum over AUD which has been struggling with its worse economic report results. Today EUR has been struggling […]

Crude Oil prices fell on Wednesday, with losses in both U.S WTI and U.K. Brent, as the market awaits inventory data. Energy Information Administration (EIA) data last week showed U.S. inventories rising by 1.8 million barrels, which was smaller than expected. The American Petroleum Institute (API) will release its forecast on U.S. crude inventory on […]