After the financial crisis of 2008/9, the financial markets around the world have seen tremendous growth. Consider the 5-year chart below of the major global Indices. As seen, the NASDAQ has led the way, gaining by more than 150% while the FTSI 100 has been the laggard, gaining by just 18%. This is attributed to […]

Even as US data continues to point to an upside risk to growth this year, the dollar has had a terrible start to 2018, falling by around 3.5% against a basket of currencies. A convincing sign that labour shortages are finally starting to push up wages could be the catalyst investors need to price in […]

BITCOIN (BTC) has been trading downwards. The price tested the level of $9.480. Venezuela’s Oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been […]

EUR/USD: The movement on the EUR/USD pair is now flat – although in the context of an uptrend. Momentum would soon return to the market, and based on what the market is doing, bulls would be favored when volatility rises. The resistance lines at 1.2450, 1.2500 and 1.2550 might be reached before this week runs […]

Dukascopy Forex News Team is back with the Spike Controller for Thursday. Euro/Dollar’s long term average and maximum spreads are point 33 and 3.3 pips respectively. The pair declined by a total of point 72% or 90 pips before bouncing back from the low of 1 2385. As usual, spreads were slightly bumpy during the […]

Eurozone The Euro has been under pressure since the beginning of the week, because even the background of weak dollar published macroeconomic data looked unexpectedly weak. The preliminary data on eurozone GDP in the fourth quarter reached 2.6%, slightly lower than the forecast of 2.7%. The entire package of economic activity indexes in January from […]

Facebook has updated its advertising policy by announcing that it prohibits advertisements using “deceptive promotional practices” that, according to the social media platform, include cryptocurrency and ICO advertising. “Misleading or deceptive advertising has no place on Facebook. We have created a new rule that prohibits advertising that promotes financial products and services, often associated with […]

The US Dollar finds support from a slightly hawkish FOMC message, because the March interest rate hike remains in play. EUR/USD is stable at 1.24. The equity market revolves around reference levels. Oil remains high after yesterday’s rebound.The stock market in Asia seems lost without an indicated direction on Wall Street. Nikkei 225 managed to […]

Natural Gas Could Head Lower. Natural Gas is one of the most important Commodities today. In the United States, the Clean Power Plan led to a decrease in demand for coal, which used to play the core role in power generation. These power companies moved to the readily available natural gas. Because of the widespread […]

BITCOIN has been everywhere for the past six months – it even had a Big Bang Theory episode dedicated to it. That isn’t an insignificant fact either if you consider B.B.T. is the most-watched and top-rated scripted show on air. The problem is, now that everyone is watching, it seems that bitcoin’s bubble may have […]

Here are the latest developments in global markets: Forex: The dollar index traded 0.2% higher on Thursday, recovering some of its recent losses, buoyed by the Fed’s slightly more hawkish tone on the US economic outlook upon completion of its two-day meeting on monetary policy. STOCKS: Japanese markets skyrocketed, with the Nikkei 225 moving 1.7% higher […]

The Dollar index remains in a bearish trend. Price is bouncing today. Price remains above the recent low but below the short-term (4 hour) Kumo (cloud). As long as price is below 89.60-89.80 trend is bearish and bears are in control. Black rectangle – short-term resistance Red lines – bearish channel The Dollar index is […]

Morning Report: 07.00 London The dollar is on the rise this morning, supported by an in-line Final Fed meeting for departing chair Janet Yellen. Dollar pairs are on the back foot, with the AUD/USD leading the fallers, down 0.48%. Most other dollar pairs are lower, with the EUR/USD and GBP/USD falling by the same measure. […]

You’re watching the Dukascopy Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s 1 and 4 hours both have 4 neutral signals. Daily models are mostly pointing up, just like the 37% long interbank sentiment. Pound/Dollar has 5 neutrals in the hourly scale. Mid term is […]

USDJPY surged above the 109.50 price level during today’s European session and is trying to enter again into the symmetrical triangle that has been holding since June 2015 in the medium-term timeframe. The short-term technicals are bullish and point to more strength in the market. From the technical point of view, in the daily timeframe, […]

GOLD price made a new low and revisited its highs next after the FOMC. So far, it is trading in a range between $1,350-$1,330. A break out will give a big move towards $1,300-$1,280 or $1,400. Black rectangle – resistance Green rectangle – support Gold price is trading below the 4 hour Kumo. Bears have […]

Burning forecast 02/01/2018 EURUSD: Trade out of range. Important news on the US on Wednesday January 31: The employment report from the ADP agency showed a growth of the labor market + 234,000 – significantly better than the forecast. The Fed left rates unchanged at 1.25%- 1.50%, but at the same time intensified its attention […]

Technical outlook: The EUR/USD pair is very close to printing a major high for 2018. According to the most probable wave count, the pair seems to be into its 5th wave of one larger degree already. Furthermore, it seems to be in the 4th wave at the moment with pressure being on the south side. […]

Hello traders, let’s see where the Support and Resistance levels stand this Thursday morning. Euro/Dollar is trading in the range limited by R1 of 1 2470 and S1 of 1 2390. R3 is well confirmed with 9 matches, including a price channel indicator upper line, a Bollinger upper band and a 2 year high. R1 […]

The markets went to test nearby support and resistance after the Fed’s Monetary Policy Statement was released yesterday. The Interest Rate was left unchanged and only small parts of the text were altered. The statement added that the expectations would “warrant FURTHER gradual increases in the federal funds rate” (adding the word “further”). They also […]

The Fed unanimously kept the range of the key rate at 1.25 – 1.50% at the meeting on Wednesday. The results of the meeting did not lead to increased volatility since they fully corresponded to the forecasts. The tone of the accompanying statement can be considered moderately optimistic. The Fed expects inflation to rise this […]

Wave summary: Wave ii/ has spike lower to 1.6760, just below our ideal corrective target 1.6803. This most likely completed wave ii/ and wave iii/ higher through minor resistance at 1.6973 and more importantly, a break above resistance at 1.7064 will confirm the next rally higher to 1.7360 and 1.7479 on the way towards 1.7777. […]

Wave summary: Our preferred count shows that wave (D) completed at 136.63 just below the ideal target seen at 137.37. However, the failure to break lower and sustain the break below 135.00 does keep a window open for a final spike to the ideal target at 137.37, before the top is secured and a decline […]

When the European market opens, some Economic Data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will release the Economic Data too, such as Total Vehicle Sales, Natural Gas Storage, […]

In Asia, Japan will release the 10-y Bond Auction and Final Manufacturing PMI data, and the US will release some Economic Data such as Total Vehicle Sales, Natural Gas Storage, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Claims, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, and Challenger […]