A nation’s bond yields and its currency typically move in the same direction. A rise in US Treasury yields, for instance, has traditionally been followed by dollar strength, as higher interest rates make the currency more attractive for international investors. Vice versa, a plunge in bond yields usually spells bad news for a currency, as […]

The fourth quarter UK GDP data has beaten the market expectations as economic growth came in at the level of 0.5% while he market participants expected a 0.4% advance only. However, the estimate put growth for the whole of 2017 at 1.8%, lower than the previous year’s figure of 1.9%. The Office for National Statistics […]

Thursday’s decision of the European Central Bank is certainly not a breakthrough. The ECB decided to leave the main interest rate unchanged at the level of 0.0%, together with Deposit Facility Rate at -0.40% and Marginal Lending Facility rate at 0.25%. The last leaks presented by the Reuter agency gave a shadow of a chance […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

We’re halfway through this week’s last trading day, so let’s look back at the rate movements and trader performance. Euro/Dollar moved towards the 1 25 level as the pair gained a total of 108 pips. Traded volume is average and sentiment of the traders is neutral, short positions are up by 4%. Uptrend makes a […]

Here are the latest developments in global markets: Forex: The dollar has remained on the back foot, with the dollar index being almost 0.6% lower, giving back nearly all the gains it posted yesterday following President Trump’s comments. The biggest beneficiaries of the greenback’s weakness were the Swiss franc and the British Pound, both trading 0.8% […]

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. […]

The weekend is just around the corner, but don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 37 and 4.4 pips respectively. Past 24 hours have been volatile for this pair and the biggest move was a decline […]

The Loonie continued to strengthen against a weak greenback on Thursday, pulling back from an earlier four-month high, after comments by U.S. President Donald Trump helped boost the U.S. Dollar. The remarks by the U.S. President helped the pair to rebound over 100-pips from an intraday low near the 1.2280 region, erasing a move lower […]

Hello, traders, let’s see which news releases could move the currency markets on Monday, the 29th of January. US Personal Income & Spending for December is up first at half past 1. Income grew less than anticipated in November, but spending picked up speed. New Zealand Trade Balance for December comes at quarter to 10. […]

Recently, the USD/JPY has been trading upwards. The price tested the level of 109.77. Anyway, according to the 30M time – frame, I found a confirmed head and shoulders pattern, which is a sign that buying looks risky. I also found a rejection of pivot resistance, which is another sign of weakness. My advice is […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

The weekend is just around the corner, but don’t let your guard down and keep checking your broker’s price feed with the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 37 and 4.4 pips respectively. Past 24 hours have been volatile for this pair and the biggest move was a decline […]

BITCOIN is struggling to sustain the bullish gain in the bearish market trend which has been quite impulsive recently. The volatility still exists in the market but the bears seem to set the tone in the market currently. Amid a lack of news on bitcoin from South Korea, the bitcoin market is going through a […]

AUD/JPY has been quite impulsive with the bearish gains after bouncing off the 89.00 resistance area recently. AUD has been the dominant currency in the pair for a few months now, but recently, with better economic reports, JPY is showing good gains along the process. Today, for the observance of Australia Day, no economic reports […]

Here are the latest developments in global markets: Forex: The dollar index traded 0.5% lower on Friday, after experiencing heightened volatility earlier on Thursday. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix closed 0.2% and 0.3% lower respectively, while in Hong Kong, the Hang Seng was up by an astonishing 1.3%, reaching a fresh all-time […]

Brisbane Airport (BNE) in Australia will soon become the first cryptocurrency terminal, according to local media reports. The airport cooperates with local and international companies to make the entire airport friendly to customers with cryptocurrencies, along with shops, cafes and restaurants accepting BITCOIN, Ethereum and Dash. The transition to digital currencies makes sense because the […]

President Trump’s words about the strength of the US Dollar gave fuel to strengthen the currency, but the Asian session brings another retreat. GBP, AUD and NOK are leading the rise; EUR / USD returns at 1.2450. Stock markets are undecided, Japanese Nikkei 225 fell 0.16% (under the pressure of a USD / JPY pull-back), […]

The Dollar index has reached our 88.50 target and bounced strongly towards 89.50 yesterday. However, the resistance is very strong there and we have rejection signs. Trend remains bearish as long as price is below yesterday’s lows. The Dollar index remains below the 4 hour Kumo (cloud). Trend is bearish. Price is testing the 4 […]

GOLD price reversed from $1,266 level towards $1,340 to back test the break out level as expected. So far, the back test was successful as price is bouncing strongly back above $1,355. Magenta line – long-term resistance Gold price remains in a bullish trend. Kijun-sen support at $1,346 was respected in the 4 hour chart. […]

Morning Report: 07.00 London This morning, the US dollar index is receding after overnight excitement following Trumps comment that ultimately, he wanted to see a strong dollar. Whether this was a statement of policy intent, or a response to the dollar hawks, the effect has been short lived. The dollar index is continuing its losing […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the main daily trading signals. It’s been a pretty bullish week for the Euro/Dollar, and it still has green models dominating across the table, with 6 in both the short and long-term and 5 in the mid-term. The interbank is […]

Trump Helps the Dollar for Now. Thursday was a dramatic day for the dollar. During the day, the currency dropped to the lowest level in three months against all the main currencies. Then, later in the day, Trump had an interview with CNBC where he appeared to walk back Steve Mnuchin’s support of a weaker […]

USDCAD has been underperforming over the last sessions, breaking back below the 61.8% Fibonacci retracement level around 1.2385 of the up-leg with the low of 1.2060 and the high of 1.2915. When looking at the bigger picture the pair holds the bearish structure and has been trading lower on the back of US dollar weakness. […]

Burning Forecast 01/26/2018 EURUSD: Go to the range. The main event of the week – the decision of the ECB – took place. Monetary policy was left unchanged, that is, all the major issues are put aside. Moreover, the ECB’s position is still too focused on low inflation in the Euro area – no hint […]