Dukascopy TV Team is back with the Economic Calendar, where we’ll take a look at the fundamentals for this week’s final trading day. Swiss unemployment rate for January opens this agenda at a quarter to 7 AM. Jobless rate declined to 3% in December after years of hovering slightly above this level. A couple of […]

EUR/USD: There is a clean bearish signal on the EUR/USD. The recent bearish attempt has paid off, and the price is now below the resistance line at 1.2250. The market is supposed to go further downwards as it is poised to reach the support lines at 1.2200 and 1.2150. USD/CHF: There is a clean bullish […]

Recent macroeconomic data show that the UK economy follows global trends and no signs of uncertainty around Brexit clearly weighing on the mood of consumers and business. The final estimate of GDP for the second quarter was increased to 0.5% q/q, and the first readings for the fourth quarter at 0.4% they slept by 0.1% […]

The BITCOIN (BTC) has been trading sideways at the price of $8.430. Jobs and applicants for employment in the cryptocurrency sector have increased substantially in India, despite the current attitude in Delhi towards bitcoin. The significant growth has been registered in the second half of last year, a period of great uncertainty about the crypto […]

Crude Oil came under pressure yesterday following the release of weekly statistics on inventories and supply in the United States. Inventories are up for a second week in a row, a common occurrence for this time of year, with nothing notable shown after 10 weeks of substantial decline. Most importantly, perhaps, the report showed that […]

Today is known as “Super Thursday” when the Bank of England releases its policy decision and statement plus the Inflation Report. At 12.00 GMT, the Interest Rate Decision and Monetary Policy Summary are announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest […]

Recently, the USD/JPY pair has been trading upwards. The price tested the level of 109.78. According to the 30M time – frame, I found a successful breakout of the ascending triangle, which is a sign that buyers are in control. I also found a breakout of pivot resistance 1, which is another sign of strength. […]

Overview: The NZD/USD pair. The bias remains bullish in the nearest term testing 0.7437 or higher. The NZD/USD pair is climbing from the area of 0.7305/0.7202 in the long term. It should be noted that the support is established at the level of 0.7305 which represents the daily pivot point on the daily chart. The […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2225. According to the 30M time – frame, I found a broken intraday bearish flag (pennat), which is a sign that sellers are in control. I also found a bearish cross on stochastic oscillator, which is another sign of weakness. My […]

Overview: The USD/CHF pair continued to move upwards from the level of 0.9399. Since yesterday, the pair has risen from the level of 0.9399 (the level of 0.9399 coincides with the ratio of 38.2% Fibonacci Expansion) to the top around 0.9460. In consequence, the USD/CHF pair broke resistance at 0.9444, which turned into strong support […]

Overview: The USD/CHF pair continued to move upwards from the level of 0.9399. Since yesterday, the pair has risen from the level of 0.9399 (the level of 0.9399 coincides with the ratio of 38.2% Fibonacci Expansion) to the top around 0.9460. In consequence, the USD/CHF pair broke resistance at 0.9444, which turned into strong support […]

Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team. Euro/Dollar’s spreads have averaged at point 34 pips during the past 24 hours, peaking at 1.3 pips. Single currency has been on a slide against the Buck, dropping by more than 1% or 130 pips to hit the […]

Canada’s employment data for January are due out on Friday at 1330 GMT and forecasts point to a relatively soft report. That said though, considering the remarkable progress the labor market has posted in recent months, some moderation appears quite normal, and may be of little concern to Bank of Canada (BoC) officials. The Canadian […]

BITCOIN should establish itself as means of quick, safe and cheap payments. New technologies and diagrams are implemented that will ensure almost instant payments with low-value Bitcoin. Conner Fromknecht and Olaoluwa Osuntokun proposed a new system that they call Atomic Multi-Path Payments (AMP) over Lightning. According to AMP supporters, sending payments via this protocol would […]

NZDUSD has been tumbling over Wednesday’s and today’s Asian sessions, while it recorded a fresh one-month low of 0.7175. The aggressive sell-off pushed the price below several key levels such as the 23.6% Fibonacci retracement level at 0.7280 from 0.6780 to 0.7436, 0.7255 and 0.7230. In the 4-hour chart, short-term indicators are signaling a bearish movement. The Relative Strength Index (RSI) is holding […]

Here are the latest developments in global markets: Forex: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The kiwi dollar slipped, as the RBNZ disappointed those looking […]

The biggest overnight drop is being observed in NZD after the RBNZ interest rate decision and the RBNZ Governor Grant Spencer dovish comments. The Shanghai Composite Index broke successfully from the rising sentiment on the Asian stock exchanges when it dropped -1.5% mostly because of the selling of companies from the energy industry and financial […]

The Dollar index has reversed short-term trend to bullish. Price broke above the 89.60 resistance level, has also broken out above the 4-hour cloud, back tested it as expected and is making new higher highs. For the last few weeks I have been saying that the downside was limited and we should expect a big […]

GOLD remains in a bearish trend making lower lows and lower highs. Gold has the potential to fall below $1,300 towards $1,290-80 at least. Any bounce as long as price remains below $1,345 is a selling opportunity. Gold price is trading below both the tenkan- and kijun-sen. Trend is bearish as long as price is […]

Let’s see how the technical indicators line up with the interbank sentiment at 8 AM GM on this Thursday. Euro/Dollar has 4 neutrals in the hourly scale. Mid term chart is mostly red and daily range shows mixed results. Interbank sentiment is bullish at close to 20% long. Most of the indicators are neutral for […]

Morning Report: 07.00 London This morning, the US dollar is mixed after yesterday’s rally in line with stocks. This comes as hopes rise for a breaking of the US budget deadlock. In turn, the dollar pairs are generally mixed. The NZD/USD is slipping lower as China and a neutral RBNZ weigh on the antipodean pairs. […]

The Year The World Stopped and Watched Cryptos. 2017 – Although many people would argue that it was the year the news were dominated by a certain over-tweeting President, but the truth is everyone was actually watching BITCOIN. We haven’t seen such a cultural response to anything relating to the financial markets since the stock-broker […]

USDJPY has been trading within a sideways channel in the daily timeframe since April 2017 with upper boundary the 114.50 significant and multi-tested resistance level, and with lower boundary the 108.20 support level, which has been penetrated once in September. Currently, prices are developing below the 110.50 barrier and the 20-day simple moving average. The pair tested […]

Breaking forecast 02/08/2018 EURUSD: Expect the continuation of the decline On Wednesday, the Euro rate broke down the low of the current week at 1.2313 and fell to 1.2245. There were no important news in favor of strengthening the dollar: It is likely that in the market, there is repositioning of large players after a […]

AUD/USD has been impulsive amid the bearish pressure after rejecting off the 0.81 resistance area recently. Due to recent US positive Employment Change report, the US currency has regained its momentum over AUD after trading in a non-volatile bullish trend for a certain period of time. Recently, Australia’s Retail Sales report was published which showed […]