All our downside targets which we predicted in the yesterday’s analysis have been hit. USD/CHF is expected to continue the downside movement. The pair is under pressure below the key resistance at 0.9325, which should limit the upside potential. Both declining 20-period and 50-period moving averages should push the prices lower. The relative strength index […]

Our first target which we predicted in the yesterday’s analysis has been hit. GBP/JPY is expected to trade with bullish bias above 148.60. Although the pair posted a pullback from 150.80, it is still supported by a bullish trend line. A support base at 148.60 has formed and has allowed for a temporary stabilization. The […]

All our upside targets which we predicted in previous analysis have been hit precisely as we forecasted. NZD/USD is still trading on upside. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index advocates for a further upside. To conclude, […]

When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction, Trade Balance, and Italian Trade Balance. The US will release the Economic Data too, such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Unemployment Claims, Philly Fed Manufacturing Index, […]

In Asia, Japan will release the Revised Industrial Production m/m and Core Machinery Orders m/m data, and the US will release some Economic Data such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Unemployment Claims, Philly Fed Manufacturing Index, Empire State Manufacturing Index, Core PPI m/m, […]

The price has dropped perfectly from our selling area and is now testing major support at 1.2490 (Fibonacci retracement, horizontal overlap support). We would only sell if the price drops and closes below this major level. If it does, then the momentum should push the price down to at least 1.2382 support before 1.2270 (Fibonacci […]

The price has dropped perfectly from our selling area to our profit target. We prepare to buy above major support at 0.9264 (Fibonacci extension, horizontal swing low support, bullish exit) for a bounce up to at least 0.9438 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 6.5% where a corresponding […]

Breaking forecast 02/14/2018 EURUSD: The range. We closed the deal to buy the Euro on profit (the buying was from 1.2300). A strong pullback down is very likely, especially on inflation data in the US today at 12:30 London time. Euro moves in range condition. Our orders: Buy for breakdown of 1.2525; stop at 1.2480; […]

Eurozone In the absence of significant macroeconomic news and unstable equilibrium in the markets after the recent collapse, ECB officials remained silent and did not comment on any prospects for monetary policy nor recent developments in the markets. In an economic bulletin published a few days ago, the ECB said that core inflation continues to […]

The Australian labor market recorded an interrupted expansion during 2017, posting the first full year without negative marks since 1988 according to the Australian Bureau of Statistics (ABS). The number of full-time employees rose by 322,000 in 2017, reflecting 80% of the net increase in net employment during the period, while the unemployment rate finished the year […]

EURGBP has jumped above the downward sloping channel which was holding since October 2017. The price broke the 0.8900 handle and is trading above the 20 and 40 simple moving averages in the short-term timeframe. When looking at the bigger picture the pair lacks a clear tendency and the next days could be significant in case of […]

GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more.   World stock markets also sank and then rallied on the news, with Germany’s DAX regaining a previous 1.0% loss by mid-afternoon in Frankfurt. […]

At the end of 2017, American citizens’ debts exceeded the historic amount from the third quarter of 2008 – the New York Federal Reserve informed. However, there is no concern about this state of affairs on the financial markets yet.The total debt of Americans due to mortgage loans, credit cards, student loans or debts for […]

The markets are awaiting the publication of January CPI inflation data from the US. At the top of the list of investors’ worries is accelerating inflation, which will lead central banks to faster tighten monetary policy, thus cooling the recovery. At the beginning of February, the US labor market report (including higher wage growth) became […]

Early today, Japan released its GDP numbers for last quarter. The data showed the economy expanded by 0.5%, which was lower than the 0.9% expected by traders. Nonetheless, the growth continued a growth not seen in more than 28 years. The impressive data shows a sustained growth put forward by Prime Minister Abe. It also […]

Here are the latest developments in global markets: Forex: The dollar was struggling to pare today’s losses, after touching a more than a year-low of 106.83 versus the Yen and reaching a one-week-low of 89.37 against a basket of major currencies earlier today. Dollar/yen crawled slowly up to 107.47 (-0.36%) and the dollar index recovered […]

This is the Dukascopy Economic Calendar for Thursday, 15th of February, which is the first day of Spring Festival holidays in China, but also a busy day in the US. Euro Zone trade balance for December opens this agenda at 10 AM. Surplus expanded sharply in November, after briefly dropping below the 20 billion level […]

The morning session is over on this Wednesday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar rose slightly early on, but all of the gains were given up as the rate retreated by a total of 51 pips. Traded volume is extremely low and neutral sentiment is 2% long. Both sides have had only […]

The last 24 hours have seen no drastic changes in the overall mood of market participants. In equity markets cautious purchases prevail, while in the foreign exchange market the U.S. dollar is retreating. U.S. stock Indices are displaying growth mainly due to the dollar weakening, while Asian markets displayed mixed dynamics this morning. The USDX […]

Cryptocurrencies are attempting to recover from deep losses experienced over the last month. There has been a flow of negative news and regulatory concerns that have affected sentiment, which may have contributed to the decline. One of the more fascinating theories pertains to the Lunar New Year, which marks the first day of the year […]

The Japan 225 stock index has suffered a sharp sell-off over the past three weeks, tumbling by around 15% from its 26-year high of 24191 on January 23 to a 4-month low of 20547 on February 9. The index appears to have found support around the 200-day moving average, with prices so far managing to […]

Recently, the GOLD has been trading upwards. The price tested the level of $1,336.97. Anyway, according to the 30M time – frame, I found that price has broke the upward trednline, which is sign that buying looks risky. I also found a successful rejection of pivot resistance 2 at the prrice of $1,336.80. My advice […]

Our first target which we predicted in previous analysis has been hit. The pair retreated and broke below the 20-period moving average after failing to penetrate above the key resistance at 149.85. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Hence, as long as 149.85 holds on the […]

The Dukascopy TV team continues its quest for fair market conditions with the Spike Controller for Wednesday. All three averages are slightly above the point 3 pip level for the Euro/Dollar. Peak separation of 1.1 pips was posted during the past 4 hours. The pair rose by a total of point 66% or 81 pips, […]

EURJPY has been trading sharply lower since the previous week, following the pullback from the more than a 2-year high of 137.50. Prices broke below the 133.00 handle over the last couple of sessions in the 4-hour chart and are trading below their moving averages. The bearish picture in the short-term is further supported by […]