USD/JPY is under pressure. The pair tested the support at the key level of 111.00 overnight (January 11). Currently, the pair is off that low but remains capped by the descending 20-period moving average, which stands below the 50-period one. And the relative strength index is yet to recover the neutrality level of 50, showing […]

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 USDCHF pair has moved lower to test important support today at 0.96990. This is a crucial level because a loss here creates a lower low and a potential test on the supporting trend lines down to 0.96700. Below this level price can break down to 0.96193 and 0.69000 beyond. Support below can then be […]

GBP/JPY is expected to trade with a bullish bias above 150.85. Although the pair posted a pullback, a support base at 150.85 has formed and has allowed for a temporary stabilization. The relative strength index is mixed. Therefore, as long as 150.85 is not broken, we are cautious with up targets at 152.10 and 152.60 […]

Hello, traders, you’re watching the Economic Calendar for Monday, the 15th of January. US markets will be closed for Martin Luther King day, and the first item on the schedule comes at 6 AM, when Japanese Preliminary Machine Tool Orders for December are released. Orders rebounded in November as strong gain in foreign orders reversed […]

BITCOIN, Ripple and Ethereum have experienced a sharp sell-off this week on concerns South Korea is preparing to ban cryptocurrency trading. South Korea is among the world’s largest cryptocurrency markets, and a ban in trading would dry up liquidity. However, the stance was softened on Friday as the South Korean Presidential Office said that a […]

GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities.   Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after […]

GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities.   Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after […]

GBPJPY shifted out of its neutral phase and has turned more bullish in the short term to regain the 151 handle. Looking at the 4-hour chart, the pair appears to have put in a base after falling to its lowest level in around 3 weeks. The pair is strengthening after making an aggressive move higher […]

Here are the latest developments in global markets: Forex: Hopes that the ECB will step back from its monetary stimulus and bets that Germany will form a grand coalition government soon added further gains to the Euro during early European trading hours. Merkel’s Conservatives and their former coalition partners Social Democrats agreed today on a blueprint to formally start […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

The BITCOIN (BTC) has been trading sideways at the price of $13,850. The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading on the approved exchanges. The ministry is already preparing a list of approved trading platforms. Th technical picture looks bearish. Trading recommendations: According to the 4H timeframe, the major thing […]

Recently, GOLD has been trading upwards. The price tested the level of $1,333.15. According to the 4H time frame, I found a broken 7-day rectangle, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward projcted targets for the rectangle pattern are set at $1,341.00 […]

The morning session is over on this Friday, and it’s time to look back at the rate movements. Euro/Dollar has gained almost 100 pips and the pair stood point 68% in the green at noon. Traded volume is almost at double the usual and neutral sentiment of the traders is 6% short. Rise makes a […]

Join EasyMarkets Senior Global Strategist James Trescothick and Director of Client Relationships Nima Siar in their interactive webinar, where they will cover the basics of what is BITCOIN, Blockchain, teach you how to trade it and understand the price action of this famous cryptocurrency.   REGISTER NOW The post The Bitcoin revolution webinar by easyMarkets […]

GBPUSD jumped to a 16-week high during today’s European session, challenging the 1.3620 price level. The price has been moving in an uptrend since March 2017 confirmed by higher peaks and higher bottoms. Prices broke above 1.3610 and are trading above their medium-term simple moving averages (50, 100 and 200). The bullish picture in the short to medium-term […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 110.97. According to the 30M time – frame, I found a broken bearish pennant, which is a sign that sellers are in control. Another sign of weakness is the breakout of yesterday’s low at the prrice of 111.04. […]

Overview: The USD/CHF pair continues to move downwards from the level of 0.9778. Yesterday, the pair dropped from the level of 0.9778 to the bottom around 0.9700. Today, the first resistance level is seen at 0.9724 (the weekly pivot point) followed by 0.9748, while daily support 1 is found at 0.9700. Besides, the level of […]

Overview: The NZD/USD pair continues to rise from the level 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 the same time frame. […]

Immediately after James Dimon admitted that he had made a mistake by calling the crypto-currency market a fraud, his successor appeared – a well-known investor and one of the richest people in the world – Warren Buffet. Already in 2012, he criticized BITCOIN, saying he would not have any value. In October 2017, he publicly […]

A calm night passed on the Forex market with little change, though trends from Thursday have been sustained. EUR/USD approached 1.2065, supported by hawkish mentions in minutes of the ECB. USD remains in the middle of the area, modest increases are recorded by EUR, SEK, and GBP; on the other end are AUD, CAD, and […]

Check the fairness of your broker on this week’s last trading day by watching the Dukascopy Spike Controller. All three Euro/Dollar’s averages are below the point 3 pip level and peak separation has been 1.9 pips. Euro has had a bullish run over the past 24 hours, gaining a massive 1.68% or 201 pips to […]

EURUSD reached a new three-year high of 1.2136 during European session today and touched the upper boundary of the Bollinger band breaking the 1.2090 strong barrier. The single currency is poised for an upward movement against the greenback and could extend those gains until the 161.8% Fibonacci extension level, at 1.2420, from the down-leg with the low at […]

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Here are the latest developments in global markets: Forex: The US dollar index traded marginally lower on Friday, extending the notable losses it posted on Thursday on the back of weaker-than-expected US producer price data and a stronger Euro. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix Indices traded lower by 0.2% and 0.6% respectively, but […]