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 […]

For the first time since 2014, both types of Oil managed to start the year at a price higher than $60 per barrel due to positive news from the United States and the growth of geopolitical tensions in the Middle East. At the end of the five-day period, by December 22, US oil reserves contracted […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

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 […]

BITCOIN (BTC) has been trading sideways at the price of $13.772. President Vladimir Putin has reportedly commissioned Russian officials to work on developing a national cryptocurrency dubbed the “cryptorouble”. According to the Financial Times, Sergei Glazev, an economic adviser to the president, told a government meeting that the cryptocurrency would serve as a “useful tool” […]

Recently, the EUR/CHF pair has been trading sideways at the price of 1.1712. According to the 4H time – frame, I found a fake breakout of horizontal resistance at the price of 1.1730 in the background, which is a sign that buying looks risky. I also found an overbought condition on the stochastic oscillator, which […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3566 . According to the 30M time – frame, I found a breakout of the previous high at the price of 1.3543, which is a sign that selling looks risky. The trend is bullish and my advice is to watch for […]

BITCOIN has been residing inside the range of $11,130 to $15,500 for a while now whereas the price is currently struggling to gain bullish momentum. Currently alternative coins like Ethereum, Ripple and Litecoin is taking the limelight of the Bitcoin which left the price indecisive with indefinite trend in place. It is also rumored that […]

Trading between the holidays could be burdened with shifts at the end of the month, quarter and year, but some decisions will be difficult to completely reverse. Above all, the US Dollar remains weak. President Trump signed the tax law and together with the signature, the whole spell connected with fiscal expansion (at least for […]

USD/JPY has been impulsively bearish recently inside the corrective range of 111.70 to 114.50. The weakness of USD helped JPY to gain impulsive momentum which is expected to push the price towards the support area in the coming days. Today, Japan had no economic reports due to observance of the 4-day Bank Holiday. On Thursday, […]

It’s 3 PM GMT on the 2nd of January and time for the first edition of the 2018 FX Movers and Shakers. Dollar/Yen’s gradual decline was followed by a slide, which puts the pair point 51% in the red to mark the top move. US stocks have opened higher, but a safe-haven Yen leads the […]

The kiwi dollar retreated in 2017 amid falling dairy prices, political uncertainties, and a less-than-hawkish stance by the RBNZ. Are better times ahead for the NZD? That may depend primarily on whether and when the Reserve Bank will begin to raise interest rates. Market pricing is leaning towards a rate hike in 2018, but the […]

EUR/USD has been impulsively bullish recently which has led the price to reside above 1.20 price area. Due to recent weakness of USD, EUR gained impulsive momentum despite downbeat economic reports published today. The market is still quite low on liquidity after the holidays, observed in most countries. Today, Spanish Manufacturing PMI report was published […]

2017 was an interesting year with many significant events around the world. Last year, investors started the year concerned about the elections in France and Germany. Previously, Brexit and Trump had shocked the world and many were concerned about a shift to rightwing politics. Today, we are starting the year at a high note. The […]

Copper future contract with delivery in March is clearly in an uptrend since December 5, where it turned increasingly bullish following the rebound on 2.9398. The price snapped the 14 winning days, recording a red session on December 28 after it hit a near 4-year high at 3.3175. In addition, the red metal is still […]

Overview: The NZD/USD pair is trading upwards from the level of 0.7062. It should be noted that we use historic prices to determine future rates. So, the pair rose from the level of 0.7062 to a top around 0.7090. Today, the first resistance level is seen at 0.7160 followed by 0.7227, while daily support 1 […]

The morning session is over on this Tuesday, so it’s time for the first edition of the2018 Dukascopy Midday Snapshot. Euro/Dollar has been on a rise and the pair stands point 41% in the green at 12 o’clock. Traded volume is high and bearish sentiment of the traders is leaning towards the short side by […]

GOLD BARS traded in London’s wholesale market rose to 15-week highs above $1300 per ounce against a falling US Dollar as 2018 got underway on Tuesday, rising almost 1% from before New Year.   Global stock markets also gained as the Dollar extended last year’s 9.8% drop against the world’s other leadng currencies – its […]

Let’s see which news releases could move the currency markets on Wednesday, the 3rd of January. This is the Economic Calendar. Swiss Manufacturing PMI for December is up first at half past 8 in the morning. November data surprised strongly on the upside as the Index soared to its highest level in 7 years. The […]

Crude Oil prices made a strong opening amid anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. The biggest anti-regime protests in a decade saw thousands of people take to the streets across the country in defiance of a warning by authorities of a crackdown. Iran is a major exporter of […]

The USD has been under pressure recently, with the Swiss Franc one of the currencies seeing the price action trend lower. Since early November, the pair has dropped from the 1.00365 level. Today it stands at 0.97000. The price has come lower in a channel and at the current price is close to the bottom […]

The morning session is over on this Tuesday, so it’s time for the first edition of the2018 Dukascopy Midday Snapshot. Euro/Dollar has been on a rise and the pair stands point 41% in the green at 12 o’clock. Traded volume is high and bearish sentiment of the traders is leaning towards the short side by […]

Just like in the previous years, XM will continue hosting free seminars in Southeast Asia to reach through to traders with the first-hand education of professional instructors about trading Forex and other financial assets. As a part of the extensive educational program of XM, starting from March 2018 a seminar road trip will take place […]

The Central Bank of Great Britain has been studying cryptocurrencies since 2015. As it turns out, not without a reason, because within a year it can release its currency modeled on BITCOIN. The goal is to reduce the role of commercial banks, ie: high-risk banks. Customers could be served directly by the Bank of England, […]

Last year, the best performing metal was palladium which gained by more than 50% and platinum which gained by less than 1%. Platinum and palladium are precious metals found mostly in South Africa and Russia. They belong to a group of metals known as platinoids. They are found deep inside the earth’s crust and they […]