USDCHF has been quite impulsive with the bearish pressure recently which led to a break below 0.9250 area with a daily close which is also the lowest price area for years. USD having mixed economic reports is struggling with the gains against CHF which is expected to push the price much lower in the coming […]

S&P 500 Technical Analysis: Watch Out for $2777. It has been a good week for the S&P 500. In the last five trading days, the index has had straight gains as investors shrugged off inflation fears. Last week, the S&P dipped the most in years following the data from the Bureau of Labor Statistics (BLS) […]

The index resumed the bearish trend as the greenback remains under heavy pressure below the 200 SMA at H1 chart. The closest support lies at 87.88, where we expect some consolidation moves and possibly a corrective move to erase the oversold territory of USDX. To the upside, gains should be limited by the 89.36 level. […]

GBP/USD has been consolidating gains above the 200 SMA at H1 chart and having a break above the 1.3939 level, then we might expect a rally to test the 1.4209 level. At the current stage, it’s likely to see a pullback to resume the bearish bias once again. MACD indicator remains slightly in the neutral […]

Wave summary: EUR/NZD is trading within a narrow range between 1.6855 and 1.6930 at the moment. Not giving us any real hint of its intentions. We could still see a final spike lower to 1.6775 before completing the wave ii and setting the stage for the wave iii higher towards 1.7479 and above. Only a […]

Wave summary: Not much to add here. We continue to look for a minor recovery into the 134.73 – 135.39 resistance-area from where the renewed downside pressure is expected towards 129.30 on the way lower to the ideal wave (E) target at 123.43. R3: 134.17 R2: 133.79 R1: 133.39 Pivot: 132.45 S1: 131.60 S2: 131.20 […]

Overview GOLD price shows sideways trading since morning and it remains stable near 1355.00, as long as the price above 1335.40, so the bullish trend scenario will remain valid in the upcoming period, reminding you that our next target at 1365.97, whule breaching this level represents the rally key to 1395.00 as a next main […]

Overview Silver price resumes its positive trading calmly after surpassing the EMA50, which supports the continuation of our bullish trend expectations for the rest of the day, where our next target at 17.43, pointing that stochastic keeps providing the suggested bullish wave, and its continuation conditioned by holding above 16.56 and the most important above […]

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GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday’s inflation data beat Wall Street forecasts.   The Dollar fell again, with the single currency Euro briefing touching $1.25, […]

GBPAUD has been making higher highs over the last number of months. In the short-term, the market seems to have lost direction after the pair touched a 1 ½-year peak of 1.7997 on February 8 and now the technical indicators suggest the continuation of the consolidation phase. The Relative Strength Index (RSI) is moving sideways above 50. The red Tenkan-sen line has been flat […]

The NY Empire State Manufacturing Index, measuring activity in the New York area, fell to 13.1 from 17.7 in January, while it was expected to rise to 18. In contrast, the Fed index from Philadelphia jumped to 25.8 from 22.2 with a forecast of 21 6. Maybe the last week’s sudden drops on Wall Street […]

The Australian Dollar advanced after labour statistics showed the jobs market down under remained strong. The Australian Bureau of Statistics reported jobs growth of 16,000 against an expectation of 15,300, with the unemployment rate steady at a four and a half year low of 5.5%. Despite Wednesday’s strong U.S. CPI print, the U.S. Dollar continued […]

Italy will be heading to the polls to elect a new national government on March 4. This is widely viewed as the common currency’s – more widely the eurozone’s and Europe’s – next major risk event. The result of the elections is far from known, with a number of possible outcomes being at play and […]

NZDUSD is moving lower over the last couple of hours after the bullish run it created in the previous days. However, the aggressive buying interest pushed the price above the key level of 0.7350 and posted a 2-week high of 0.7410, indicating further upward tendency. Short-term momentum indicators are also pointing to a continuation of […]

The EURGBP pair is testing resistance at 0.89000 once again. There is resistance from this level up to 0.90500, with probes into this area over recent months failing and dropping back to support below 0.87500. As a result, the pair has formed a descending channel with the lower support around 0.86500. Support under the current […]

Valentine’s Day leap in yields and interest rates sees GOLD price rise…   OKAY, this is weird, writes Adrian Ash at BullionVault.   “Increase in US inflation sparks bond sell-off,” as the Financial Times reports.   “Treasury yields hit 4-year highs,” the FT goes on, referring to the interest rate now offered by 10-year bonds, […]

In the past five days, the price if Crude Oil has fallen sharply, by about 46 degrees, following traders’ fear that US production could lead to a surplus. The price has fallen from its three-year high of $66.50 to a low of $58.05. Yesterday, the price started to recover some of its lost losses after […]

The Australian Dollar gained 30 basis points against the dollar following the data from the Australian Bureau of Statistics. In the highly anticipated data, the economy added 16K jobs in January, beating the analysts’ estimates of 15.3K. At the same time, the unemployment rate remained unchanged at 5.5% in line with the analysts forecasts. This […]

Apple stock price reached a 2-week high of 167.41 during Wednesday’s US session as the price extends its bullish run, following the rebound on the 150.00 critical psychological level. Also, the stock completed the third straight green day hitting the 20-day simple moving average, which overlaps with the current 167.30 resistance level. In the daily […]

UK retail sales for January are due to be released at 0930 GMT on Friday and forecasts point to a rebound in monthly terms following a sharp decline previously. Should the actual prints show that UK consumer spending remains on a decent track despite the squeeze in real incomes, that would be another factor enhancing […]

It’s 12 PM GMT this Thursday, and the Dukascopy TV team is here with another Midday Snapshot. Euro/Dollar rose by 63 pips, but most of the gains were given up after the daily high of 1 2511 was reached. Traded volume is average and neutral sentiment of the market players is 7% long. Rise was […]

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. […]

Hello and welcome to the Economic Calendar for Friday, 16th of February, which is a market holiday in China. UK retail sales report for January is out first at 9:30 in the morning. Sales were expected to contract in December, but they disappointed with a bigger than expected drop of 1 and a half percent […]