The S&P 500 is the world’s largest index with a total market capitalization of more than $25 trillion. The index is made up of 500 of the largest companies in the United States. As a result of its composition, traders, investors, and policy makers tend to use it as a measure of the health of […]

Here are the latest developments in global markets: Forex: The US dollar index was marginally lower on Friday, after also trading lower yesterday, even though yields on longer-term US Treasuries were on the rise. STOCKS: Asian markets were in a sea of green today. Japan’s Nikkei 225 and Topix Indices were up by 0.2% and 0.7% […]

Hello, traders, you’re watching the Main Daily Trading Signals for Friday. There’s green across the table for the Euro/Dollar, which sees 5 buy prompts in the short-term, 7 in the mid-term and 4 in the long-term, and the technicals are in line with the more than 42% long interbank. The Cable also sees bullish signals […]

The Economic calendar for today is very light, with main events in focus for the European trading session concentrating around German PPI and UK Retail Sales data. Asian equity markets were positive, pointing to a sixth week of gains. The U.S. Dollar Index declined overnight, trading very close to the psychologically important 90.00 level, which […]

GBPJPY remains in a bullish phase but has stalled its recent rally after reaching its highest level since mid-June 2016. On the 4-hour chart, the market became overbought and subsequently made a corrective move lower. This is indicated by the RSI reaching above 70 after GBPJPY surpassed the prior high of June 8 (153.70) and moved higher. […]

USD/JPY is under pressure. The pair retreated from 111.45 (the high of January 18) and recorded the process of lower tops and lower bottoms, which confirmed a negative outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index is mixed to bearish. Therefore, below 111.20, look […]

Our first downside target which we predicted in yesterday’s analysis has been hit. USD/CHF is under pressure. The pair has pulled back, and is now challenging its horizontal support at 0.9530. The nearest key resistance at 0.9610 maintains the strong selling pressure. Besides, the relative strength index is bearish below its neutrality area at 50, […]

Burning forecast 01/19/2018 EURUSD: Growth under pressure. On Wednesday evening, the Fed’s Beige Book report came out. The report was generally in very moderate tones, but investors saw in it signs of increased growth and the risk of inflation. On these news investors sold the Euro to the dollar. But the growth of the euro […]

In line with our predictions, GBP/JPY is moving upward. The pair is now trading on the upside within its bullish channel. Both the 20-period and 50-period moving averages are heading upward, confirming a positive outlook. In addition, a strong support at 153.60 should limit any downward attempts. Therefore, as long as 153.60 holds on the […]

NZD/USD is expected to trade with a bullish outlook. The pair remains supported by an intraday rising trend line, and is likely to challenge its next resistance at 0.7330, representing Jan 17 top. The relative strength index is turning up, and also broke above its neutrality area at 50. Last but not least, a strong […]

Morning Report: 07.00 London This morning, the US dollar continues to weaken after mixed economic data yesterday. Philly Fed and housing starts came in below estimates while unemployment claims were better than expected. The dollar pairs are enjoying the dollar weakness, making a push for the highs. AUD/USD is extending its winning run and is […]

You’re watching this weeek’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 2290 in resistance and 1 2250 in support. Bollinger Upper Band is among the 3 models for R1, and R2 counts Price Channel Indicator Upper Line among its 2 studies. A […]

USDCAD remains neutral on the daily chart, pivoting around the key 1.2500 level since the start of January. The pair has been unable to sustain gains after a break of this level last week and consequently, the market has been stuck in a multi-week range roughly between 1.2350 and 1.2600. Technical indicators that were strongly […]

Wave summary: The corrective decline from 1.6937 is unfolding as expected and should spike lower to 1.6679 before completing and set the stage for the next impulsive rally higher towards 1.7360 on the way higher to 1.7777. Only a direct break above minor resistance at 1.6839 will tell us that wave ii ended early and […]

Wave summary: Of course the “top” at 136.10 needed to be broken slightly, the new corrective top has been seen at 136.31. This should do the job and complete the corrective rally from 133.01 and turn prices lower towards 131.11 as the next downside target. Short-term a break below minor support at 135.42 will indicate […]

When the European market opens, some Economic Data will be released such as Current Account and German PPI m/m. The US will release the Economic Data too, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.56. Resistance. 2: […]

The price is testing major support at 0.9569 (ABC Fibonacci extension, 76.4% Fibonacci extension, horizontal swing low support) and we expect the price to make a nice bounce above this level to push it up to at least 0.9699 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 5.8% where a […]

The price is testing major resistance at 88.98 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and we expect to see a strong reaction off this level to push the price down towards 88.41 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 96% where further bearish momentum is expected. […]

The single European currency continues to surprise, not bending under the influence of verbal interventions of the ECB and losing previous drivers of growth. According to Vice President of the European Central Bank Vitor Constancio, the current take-off of the EUR/USD is not justified from the fundamental point of view. The sluggish dynamics of inflation […]

Eurozone Consumer prices in the eurozone rose by 1.4% in 2017, as evidenced by the final data of Eurostat, published on Wednesday. The result was slightly lower than the level of November (+ 1.5%), but it coincided with the forecasts, and therefore did not have a noticeable effect on the fluctuations of the Euro. A […]

Wheat futures for March delivery bounced higher after posting the biggest daily fall since August on January 12 and eventually reaching a one-month low of 4.1215 on January 16. Technical indicators send bearish signals for the market. The RSI is a breath below 50 and is pointing to the downside, while the bearish cross between the 50-period simple moving average and the […]

The Japanese currency posted gains versus the US dollar, reaching four-month highs – equivalently the dollar/Yen pair fell to four-month lows – with the yen appreciating on the back of what market participants interpreted as a form of tapering by the Bank of Japan. Such an evaluation though may not be justified, with the market […]

After the Euro’s rally against the US dollar, all eyes this week are on the ECB’s policy announcement and advance US Q4 GDP print. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in […]

These are the Dukascopy FX Movers and Shakers, where we’ll find out how 8 major currencies have performed by 3 PM GMT on this Thursday. Loonie Dollar dropped against Swiss Franc after 8 AM and the pair stands point 76% in the red, which is the day’s top move. There are three currencies trading in […]