Daily Outlook As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further bullish advance towards 1.1415-1.1520 (Previous Daily Supply-Zone). The daily supply zone failed to pause the ongoing bullish momentum. Instead, evident bullish breakout was expressed towards the price level of 1.2100 where the depicted Head and Shoulders reversal pattern was expressed. […]

Policy makers in Beijing reportedly recommend slowing or stopping purchases of US government bonds as part of the review of the policy of investing giant currency reserves – Bloomberg reports, citing its anonymous sources. The agency has not received official confirmation of its information at SAFE (State Administration of Foreign Exchange) – the Chinese agency […]

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 […]

GOLD PRICES rose back above $1320 per ounce against a weakening US Dollar on Thursday as major government bond yields rose once more and Beijing played down rumors it might stop or cut its demand for US government debt.   Responding to Wednesday’s claims from Bloomberg that the People’s Bank may stop buying Treasuries as […]

It’s time for the Dukascopy Midday Snapshot, where we`ll find out how market players have performed during the morning session on this Thursday. Euro/Dollar has traded in a total range of just 41 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders is 5% short. Both sides have seen […]

Friday brings the latest US inflation data, and it’s definitely worth a closer look. So the closely watched US December CPI is out at half past 1. The annual headline inflation rebounded in November, driven by higher petrol prices, although the core reading came in smaller than anticipated. The high importance US Preliminary Retail Sales […]

Here are the latest developments in global markets: Forex: The US currency remained in the green relative to most majors though it – for the most part – gave up on a portion of gains made earlier in the day. The dollar index traded 0.1% higher at 92.45. The antipodean currencies were the ones advancing […]

Raising interest rates is what the Fed is highly anticipated to do in 2018 as part of its plan to tighten monetary policy. However, the timing and the speed of the rate adjustment remains in question as long as inflation shows little sign of accelerating towards the central bank’s target.  On Friday, the Bureau of […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $12.594 (first target met). Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up […]

Recently, GOLD has been trading sideways at the price of $1,319.00. According to the 30M time – frame, I found a successful rejection of resistance at the prrice of $1,325.00, which is a sign that buying looks risky. I also found a bearish flag in creation and my advice is to watch for potential selling […]

The Australian dollar rallied on Thursday on the release of data showing better-than-expected retail spending. The Australian Bureau of Statistics said month-on-month retail turnover rose 1.2 percent in November, triple the estimates of economists and the biggest jump in 5 years. The growth was attributed to a surge in electrical goods sales spurred by the […]

Make sure your broker is not overcharging you and compare their price feed with the Dukascopy Spike Controller stats. Euro/Dollar has a daily average spread of point 29 pips and maximum separation has been 1.2 pips. The pair hit the daily high of 1 2018 yesterday, but it has since declined by point 74% or […]

AUDCAD is recording an aggressive bullish run and surged almost 1% over the previous two trading days. The price completed the second green day and during European session printed a 2-month high near the 0.9900 psychological level. Prices broke above the 0.9880 level and are trading well above their simple moving averages (14 and 20). The bullish […]

The US dollar index continues to hold in a bullish correction phase after the sharp roller coaster to the downside. The rebound on the 91.44 support level drove the price to the upside hitting a 7-day high of 92.34. In the 4-hour chart, the index is currently trading slightly below the 23.6% Fibonacci retracement level of the down-leg from […]

NZDUSD has held its uptrend since December 2017 when it broke above the key 0.6900 level to rise all the way up to the 0.7200 handle yesterday. The market has paused around this level after touching a 3-month high of 0.7230. Looking at the 4-hour chart, the moving averages are bullishly aligned (50 SMA and […]

Overview: The pivot point of USD/CHF is set at the point of 0.9810 in the H1 chart. Also, it should be noted that the USD/CHF pair broke resistance which turned to strong support at the levels of 0.9786 and 9756 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is […]

Overview: On the one-hour chart, the NZD/USD pair bullish trend from the support levels of 0.7152 and 0.7171. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1929. Anyway, according to the 1H time – frame, I found a fake breakout of the support trendline, which is sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator, which is another sign […]

As a result of a blow to BITCOIN enthusiasts, Microsoft Corporation officially removed the payment option using cryptocurrencies from its payment instruments. Despite such a decision, former CEO – Bill Gates – expressed strong support for Bitcoin. Microsoft’s decision was confirmed by public talks with representatives of Customer Service. The main reason for this determination […]

The US Dollar is recovering some of the losses from Wednesday under the influence of the Chinese news regarding the demand for US bonds. USD/JPY coming to test 111,85, EUR/USD reversed towards 1,1940. AUD jumped after very good retail sales data, but there is no continuation of the up move. The stock market in Asia […]

Central Bankers – particularly the Fed and ECB – are faced with the problem of low inflation. It seems, traditional models of inflation forecasts are no longer working. Consider this. After the financial crisis, the central bankers brought rates down and initiated unconventional policy methods like QE. In other words, they initiated a policy of […]

Eurozone Economic prospects for the Euro area remain stable, statistics in favor of the euro. Germany, as the locomotive of the entire eurozone, continues to please investors with the growth of all key indicators. The industrial production in November increased by 3.4%, year-on-year growth was already 5.6%, this is the best result for 6 years. […]

Here are the latest developments in global markets: Forex: The US dollar index traded slightly higher during the Asian trading session Thursday, after experiencing heightened volatility on Wednesday. The index initially took a dive on reports that China is considering to slow or cut its US bond purchases, but managed to recover its losses to trade […]

The Dollar index initially was weak due to the announcement by the Chinese officials regarding the attractiveness of US Bonds. Price has broken during the day below 92.20 and tested support at 91.75. The lows were not tested, and price made a higher low. Blue line – long-term resistance USDX got rejected at the 38% […]

These are the Primary Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 5 sell prompts in the short-term. The mid and long-term scales turn neutral with 4 models each, but, in contrast, the interbank is quite bullish at more than 33% long. 7 signals […]