Thursday is the Services PMI day, so let’s take a closer look with the Dukascopy Economic Calendar. Coming up first at 7 AM is the UK Nationwide House Price Index for December. Home prices have been growing for the past 3 months, but at an increasingly slower pace. The final estimate of Euro Zone December […]

EURGBP EURGBP has pulled back from the high it achieved on the first trading day of January at 0.89182. It has fallen back to the area of the moving average cluster around 0.88600 on the 4-Hour chart. This has pushed the price out of the rising channel, with a low at 0.88477. Should this low […]

Commodity stocks benefiting due to strength in Oil and metals prices, combined with positive sentiment from gains on Wall Street are helping to support a rally on European stock markets. DAX The DAX index of German stocks rebounded as latest figures showed that the jobless rate held steady at a record low of 5.5 percent […]

GOLD PRICES extended their New Year 2018 rally against the Dollar in London on Wednesday morning, rising for the 10th time in 11 trading days.   In the last 50 years the Dollar price of gold bullion has beaten such a run only 7 times before.   Touching $1321 per ounce in ‘spot’ trading, physical […]

GOLD made new highs yesterday near $1,318. Trend remains bullish. Gold price has reached an important resistance area. I remain bearish on Gold but would want to see this week to turn bearish for my scenario of a move towards $1,210 to remain valid. The price remains above both the tenkan- and kijun-sen (red and […]

Wave summary: EUR/NZD is working its way higher and it should be a matter of time before resistance at 1.7064 is tested and broken for a continuation higher to 1.7479 and 1.7777. Support is now seen at 1.6937 and should be able to protect the downside, but only a break below 1.6855 will question the […]

It`s noon GMT on this Wednesday so let`s have a look at the performance of the market players. Euro/Dollar has retreated back towards the 1 20 level and the pair stood point 38% in the red at noon. Turnover is high and sentiment of the market players is barely bullish as long positions are up […]

Here are the latest developments in global markets: Forex: The dollar posted some gains to climb further above a 3½-month low versus a basket of currencies hit on Tuesday. The Euro eased versus the greenback despite the release of positive jobs data out of Germany, while Pound/dollar lost some ground following the release of construction […]

EURJPY was unable to sustain gains made after rising to 135.62 yesterday, its highest level in over two years. The pair has fallen sharply and broke below the key 135.00 level today. The corrective selloff so far has stabilized. But looking at the 4-hour chart, near-term price action still looks a little soft, as RSI […]

Wave summary: EUR/JPY will remain positive above minor support seen at 134.84 for more upside pressure towards 137.37 to complete wave (D). A break below support at 134.84 will be the first warning of possible exhaustion, while a break below support at 134.26 will confirm that wave (D) is completed and wave (E) towards 123.43 […]

The US dollar index continues to hold within negative territory as it posted its tenth bearish day in a row on Tuesday. The price has plummeted more than 2% since December 2 and challenged a new more than 3-month low at 91.44. In the short-term timeframe, the index is trading slightly above the aforementioned level, however, a break below it could expose the price […]

When the European market opens, some economic data will be released, in particular Germany’s Unemployment Change and Spain’s Unemployment Change. The US will publish some economic reports as well: Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, and ISM Manufacturing PMI. Amid these reports, EUR/USD will move in a low to medium volatility during […]

Dukascopy Forex News Team is back with the Spike Controller for Wednesday, so you could check the fairness of your broker. Euro/Dollar’s long term average spread is point 28 pips and both of the sides separated by 1 pip yesterday. The pair has given up some of the recent gains, declining by point 46% or […]

In Asia, Japan today will not release any economic data, but the US will reveal some important macroeconomic statistics such as Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, and ISM Manufacturing PMI. So there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]

In Asia, Japan today will not release any economic data, but the US will reveal some important macroeconomic statistics such as Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, and ISM Manufacturing PMI. So there is a probability that the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL […]

Yesterday’s US trading session ended positively with the S&P500 equity index closing at a new record high, while DOW Jones and Nasdaq100 also gained and ended up close to all-time highs. Currency markets were mainly flat during the Asian session, commodity currencies AUD, NZD, and CAD retreated slightly against the U.S. Dollar. At the start […]

Yesterday’s US trading session ended positively with the S&P500 equity index closing at a new record high, while DOW Jones and Nasdaq100 also gained and ended up close to all-time highs. Currency markets were mainly flat during the Asian session, commodity currencies AUD, NZD, and CAD retreated slightly against the U.S. Dollar. At the start […]

Here are the latest developments in global markets: Forex: The dollar traded slightly higher versus a basket of currencies after yesterday reaching its lowest since late September. The Euro retreated a bit versus the dollar after trading around three-year high levels on Tuesday. STOCKS: Hong Kong’s Hang Seng was 0.1% higher, trading at its highest […]

Here are the latest developments in global markets: Forex: The dollar traded slightly higher versus a basket of currencies after yesterday reaching its lowest since late September. The Euro retreated a bit versus the dollar after trading around three-year high levels on Tuesday. STOCKS: Hong Kong’s Hang Seng was 0.1% higher, trading at its highest […]

Morning Report: 07.00 London This morning, the British Pound continues to outperform despite yesterday’s sub-par Manufacturing PMI. Housing equity withdrawals came in better than expected which may have softened the blow somewhat. The GBP/USD is unchanged after strong gains yesterday. The EUR/GBP continues its decline for the week as other dollar pairs struggle. The EUR/USD […]

Morning Report: 07.00 London This morning, the British Pound continues to outperform despite yesterday’s sub-par Manufacturing PMI. Housing equity withdrawals came in better than expected which may have softened the blow somewhat. The GBP/USD is unchanged after strong gains yesterday. The EUR/GBP continues its decline for the week as other dollar pairs struggle. The EUR/USD […]

Find out how the technicals compare with the interbank at 8 AM GMT. These are the Main Daily Trading Signals. All three time ranges bring different results for the Euro/Dollar, which sees 4 sell prompts in the short-term and 5 neutral models in the mid-term. The daily outlook is overwhelmingly bullish with 7 studies, and […]

Find out how the technicals compare with the interbank at 8 AM GMT. These are the Main Daily Trading Signals. All three time ranges bring different results for the Euro/Dollar, which sees 4 sell prompts in the short-term and 5 neutral models in the mid-term. The daily outlook is overwhelmingly bullish with 7 studies, and […]

AUDUSD extended its bullish run yesterday but is currently taking a pause after hitting 0.7844, its highest level since October 20. AUDUSD has room to extend towards 0.7900 since prices crossed above the 200-day moving average. The market is currently testing the key 0.7800 level. A daily close above it would help keep momentum to the […]

The Dukascopy TV team is here with the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 2080 and S1 of 1 2030. R1 is backed up by Price Channel Indicator Upper Line, a 2 year high and 4 […]