The passing night brings two waves of sudden appreciation of the Japanese Yen without a clear justification in the news feed, although the technical levels breaking and the flight of investors who do not know what is happening is doing its job. As yesterday’s USD / JPY drop would have been a reaction to reducing […]

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, the evident bullish breakout was expressed towards the price level of 1.2100 where the depicted Head and Shoulders reversal pattern was […]

EURUSD has pushed higher to 1.20000 on the back of Chinese decisions to reduce or halt the purchase of US Treasuries. This had led to moves across the board in Currencies, Stocks, Commodities and Bonds. The US Dollar has weakened further on this news, which can be seen as a counter to the muted report […]

GOLD PRICES jumped 1.2% against a plunging Dollar in London trade Wednesday morning, setting the highest bullion-market benchmark in 4 months as financial markets whipped on rumors that China may stop buying more US government debt for its huge foreign currency reserves.   Bloomberg News says officials running China’s $3.14 trillion of central-bank reserves have […]

American lawmakers are so carried away by the rapid progress of tax reform through Congress that they completely forgot the question of who will pay for the banquet? Reducing taxes and increasing the budget deficit requires an increase in the issuance of debt obligations. In purchases of the latter, as a rule, non-residents are involved, […]

BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $13.276. The Venezuelan parliament has declared the Oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void. Technical picture looks […]

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2016. According to the daily time – frame, I found a successful rejection from the support (a swing high became resistance), which is a sign that selling looks risky. I also found a bulish engulfing candle pattern, which is another sign […]

U.S. Crude Oil (WTI) traded above the $63 handle on Tuesday, as the American Petroleum Institute (API) reported an exceptionally large draw of 11.19 million barrels of U.S. crude oil inventories for the week ending 5th January, against an expectation of 3.89 million barrels. This is the sixth week in a row that API has […]

Let’s see how traders have performed during the morning session on this volatile Wednesday. Euro/Dollar has returned above the 1 20 level after gaining almost 100 pips from the daily low. Trading has been active, volume is extremely high and neutral sentiment of the traders is 11% long. Surge has provided solid profit opportunities for […]

updated January 10th 2018 Everyone is talking about BITCOIN again but its not because its still on a meteoric bull run, the last few days we have seen the cryptos’ price drop significantly – reaching a low of $13,412.99 today (Jan 10th 2018). This hasn’t been its only price-hiccup either. The original post below goes […]

Here are the latest developments in global markets: Forex: The dollar took a knock after Chinese officials recommended to slow down or cut purchases of US Treasuries according to Bloomberg. The dollar stretched its losses toward a two-week low of 111.29 (-1.08%) versus the Yen and sank marginally below the 92-key level regarding its index against six major currencies […]

The DOW Jones industrial average index had one of its best performances on record in 2017, climbing an astounding 25%. The strong US economic outlook and expectations for a major tax overhaul were probably the main drivers behind the index’s surge. Looking at 2018, the Dow’s outlook remains bullish amid potential for major stock-buybacks by […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3481. Anyway, according to the 1H time – frame, I found a fake breakout of the support cluster, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator and bullish outside […]

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 […]

Overview: 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 expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI […]

The UK 100 index hit a fresh all-time high of 7,756.10 during today’s trading, with the index posting a notable rally since the beginning of December. The Tenkan- and Kijun-sen lines are positively aligned, pointing to a bullish picture in the short-term. The RSI is supporting this view: the indicator remains on the rise, though […]

Silver has come under pressure over the last couple of days, in the short to medium-term timeframe, following the sharp bullish rally in the previous days where the price touched a two-week high of 17.25. The price plummeted more than 1.5% in the last two bearish daily sessions and during European trading today, it hit the 50.0% Fibonacci retracement […]

Overview: Pivot : 0.7165. The NZD/USD pair is expected to continue rising from the levels of 0.7120 or 0.7185 in the long term. It should be noted that the support is established at the level of 0.7120 which represents the 78.6% Fibonacci retracement level on the H1 chart. The price is likely to form a […]

You’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Wednesday. Euro/Dollar’s spreads have averaged at point 27 pips during the past 24 hours, peaking at 1 pip. The pair has moved gradually up, gaining point 33% or 39 pips to hit the high of 1 1955. Past 24 hours […]

The Bank of Israel declared that cryptocurrencies are more assets than a currency. During a speech at the meeting of the Knesset Financial Committee, Nadine Baudot-Trajtenberg, the deputy chairman of the Bank of Israel said: “BITCOIN and similar virtual currencies are not a currency and are not considered as a foreign currency. Cryptocurrencies should be […]

The theme of Wednesday’s Asian session is a sudden drop in USD/JPY in the absence of justification. The rest of the FX market remains calm. EUR/USD drifting close to 1.1930, GBP/USD last hour spent at 1.3530.The stock market is also dominated by stabilization. However, Crude Oil makes another high. On Wednesday, 10th of January, the […]

Here are the latest developments in global markets: Forex: The US dollar index was marginally lower on Wednesday, after previously trading higher for three days in a row. STOCKS: Asian markets were mixed, with Japan’s Nikkei 225 declining by more than 0.2%, pulling back from the 26-year high it reached earlier in the week, though still […]

The Dollar index has reached its target of 92.60 as expected. Price is showing rejection signs at this resistance area. For the longer-term bullish view towards 96-97 to be achieved, we need to break yesterday’s highs soon and move towards the important resistance of 93.60-93.70. The Dollar index double a bottom pattern played out as […]

GOLD price has broken the triangle pattern we mentioned yesterday to the downside. As long as price is below $1,322 I expect Gold to move towards $1,290-80 at first. Gold short-term trend is changing to bearish. As said before, Gold is in a similar place when it was trading at $1,237 but from the bearish […]

Burning Forecast 01/10/2018 EURUSD: Range There were strong data on the economy of Germany and the eurozone – production and sales, everything is growing faster than forecast. This stopped the fall of the Euro, which began with the first days of the new year 2018. Thus, two trends crossed: The growth of the euro, which […]