Here are the latest developments in global markets: Forex: After considerable declines in the days that preceded, the dollar is in the green relative to other major currencies during today’s trading, though it managed to recover only a relatively small portion of earlier losses. The dollar index was 0.3% up at 90.73. On Monday it […]

Wednesday brings a high importance release for all the Loonie Dollar traders, so let’s find out more. But first, there’s the final reading of Euro Zone December CPI, which is out at 10 AM. The preliminary estimate suggests the annual inflation has stood unchanged for the past 2 months. US Industrial Production for December follows […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $10.846. New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including […]

Recently, the GBP/USD has been trading downwards. As I expected, the price tested the level of 1.3744. According to the 30M time – frame, I found a broken 3-day upward channel, which is a sign that buying looks risky and that sellers are in control. I also found a broken upward trendline and a hidden […]

Technical outlook: We have presented a weekly chart to represent a multi year consolidation of GOLD prices. It began in November 2015 with lows at $1,047.00 and has unfolded into 5 waves within a contracting triangle, with each wave sub dividing into 3 waves a-b-c as labelled here. The triangle might be terminating into its […]

In 2017, palladium was the best-performing metal, having gained by more than 40%. Its rally started in January 2016 when its price bottomed at $440/OZ. Palladium reached an all-time price of $1100 in 2001 before starting a decline that saw it trade at about $187/OZ in 2003. To starters, palladium is a metal mostly found […]

This is the Dukascopy Midday Snapshot, where we take a look at how market participants have performed over the 12 hours to noon. Euro/Dollar has moved South to hit the daily low just a pip above the 1 22 level as midday approached. Traded volume is a massive 175% up from the pair’s monthly average […]

WTI Oil futures rallied to a fresh 3-year high of 64.86 on Monday after successfully rebounding off the 63 level. The underlying trend remains bullish but in the near term, prices are making a correction lower. Upside momentum has weakened, and RSI is turning back down on the 4-hour chart. The market has dipped below what was […]

Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.2201. According to the 30M time – frame, I found a broken 3-day upward channel, which is a sign that buying looks risky and that sellers are in control. I also found a hidden bearish divergence on the […]

EUR/USD: The EUR/USD pair traded a bit lower on Monday, but that pales into insignificance when compared to the overall bullish bias. The market could still go upwards, reaching the resistance lines at 1.2250, 1.2300, and 1.2350. The resistance line at 1.2250 was previously tested and it would be tested again. USD/CHF: The USD/CHF pair […]

Recently, GBP/USD has been trading in the impulsive manner with bullish gains that led the price towards 1.38 area. Today GBP is currently struggling to sustain gains due to mixed economic reports published, which undermines the bullish momentum against USD. Today, the UK CPI report was published with a slight decrease to 3.0% as expected […]

This morning all cryptocurrencies are sliding amid a major selloff. Most have fallen more than 10 percent, with the price of BITCOIN trading below $12,000. Earlier, it was reported that deputy governor of the Chinese central bank, PBOC, said in an internal meeting that China should ban centralized trading of virtual currencies as well as […]

Dukascopy TV Team brings you yet another Spike Controller to provide you with the interbank benchmark price stats. Euro/Dollar’s daily average spread is point 35 pips. Peak separation has been 1.5 pips. The pair has retreated from the daily high of 1 2297 by a total of point 66% or 81 pips. Spreads have been […]

NZDUSD has reversed aggressively back to the upside, after the rebound on the 0.6815 support level, posting an almost 4-month high of 0.7313 during Monday’s trading session. This top is above the 61.8% Fibonacci retracement of the down-leg from July’s more than a 2-year high of 0.7555 to November’s 18-month low of 0.6780. From the […]

USDCHF has been underperforming in the past four days, breaking back below the strong psychological level of 0.9700 and challenged a fresh four-month low near the 0.9600 handle. When looking at the bigger picture the pair lacks a clear trend and has been consolidating within the 1.0340 and the 0.9420 barriers. In the daily timeframe, […]

Overview: Pivot point : 0.7253. The NZD/USD pair continues to climp from the price of 0.7234 in the long term. It should be noted that the support is established at the level of 0.7234 which represents the 78.6% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9745. Yesterday, the pair dropped from the level of 0.9745 (this level of 0.9745 coincides with the ratio of 38.2% Fibonacci retracment levels) to the bottom around 0.9602. Today, the trend had rebounded from the bottom of 0.9602 to climp toward the level […]

The rules for cryptocurrency trading in South Korea were announced on Sunday, January 14, after mainstream media misunderstandings about the proposed ban on trading in cryptocurrencies by the Justice Minister last week. Reports at the local news agency Yonhap speak of requirements from Korean traders to use real names for cryptocurrency accounts. Potential regulation notified […]

Early Tuesday trading brings a calm trade on the Forex market, which especially for USD means stopping the sell-off. Some timid corrections are seen for USD/JPY and NZD/USD, and the rest of the crosses are practically standing still. The stock market is climbing higher. GOLD and Crude Oil are stable. On Tuesday 16th of January, […]

GOLD price is trading near its 4-month highs and below long-term resistance of $1,350-60. A rejection at current levels could push price towards $1,290 or even towards $1,270 if the first support fails to hold. Trend is bullish. Gold price is making higher highs and higher lows. Trend is bullish as price is above the […]

EURUSD: We are in a state of growth, but a pullback is likely.In the EURUSD rate, the state of the trend is maintained upward, with the target of 1.2500 – 1.2600 by the end of January. At the same time, a significant pullback is likely – up to 1.2100.The main news of the week will […]

Recently, USD/JPY has been trading in an impulsive manner with retracements that made the price reside below 111.00 price area. Despite worse economic reports this week, JPY managed to maintain the bearish pressure against USD since the pair has bounced off the 113.50 area. Today, Japan’s PPI report was published with a decrease in value […]

Technical outlook: We present the bigger picture again for the EUR/USD pair. If you look closely here, the 5th wave also might be complete above 1.2200 handle. The pair has completed an impulse from January 2017 through January 2018, and if the above count holds to be true, the pair is likely to drop lower […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has held the ground it gained yesterday, standing between R1 of 1 23 and S1 of 1 2250. Price Channel Indicator Upper Line is among the 3 models for R1, whereas the upper two resistance lines have […]

Morning Report: 07.00 London This morning, the Euro is holding at the highs after surging again yesterday on the back of comments from ECB member Hansson. These comments appeared to echo previous ECB which point to the ending of asset purchases in the final quarter of the year. The Pound lagged the euro slightly yesterday, […]