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. The recent bearish pullback was […]

Trade plan 18 – 12/22/2017 General picture: The final movement of the year. The main events of December took place. First, there were meetings of the Federal Reserve and the ECB. The Fed was not surprised for the rate hiked by 0.25% and the promised of 0.25% increase by 2-3 times in 2018. The ECB […]

Whether or not the Euro will continue its bull run into 2018 is likely to depend on a variety of political and economic factors. How will the upcoming election in Italy play out, and will markets begin to price in concerns regarding the stability of the euro area ahead of the event? Moreover, will the […]

The likely passage of tax reform legislation before the end of the year, as well as prospects for deregulation in the banking sector, have been pushing shares within the financial sector higher. However, after Republicans lost a Senate seat in Alabama last week, one should wonder whether the market is getting ahead of itself in […]

Our first target which we predicted in our previous analysis has been hit. GBP/JPY is still under pressure. The pair retreated from 151.70 and broke below its 20-period and 50-period moving average. The relative strength index is calling for another decline. The upside potential should be limited by the key resistance at 151.05. To sum […]

The last full trading week of this year has begun, so let’s see where the 8 majors trade at 3 PM GMT. The Cable is the mover of the day with a gain of point 69% and most of the session has been bullish for this pair. UK CBI industrial order expectations reported showed a […]

The US dollar plummeted in 2017, but that may not necessarily continue in 2018. The Fed seems set to undergo a hawkish shift in voting rights, while the Republicans are on the verge of implementing the highly-anticipated tax package. Although these factors could provide some support for the greenback overall, the currency’s fortunes may also […]

Germany will see the release of the IFO survey at 0900 GMT on Tuesday. The IFO business climate index surged to an all-time high of 117.5 in November from an upwardly revised 116.8 in the prior month. The Euro is expected to remain neutral in such events as the bigger focus for investors is the ECB’s policy […]

GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault.   Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped.   Primarily used in catalysts to clean diesel engine emissions, platinum […]

USD/CHF is expected to trade with a bearish outlook. The pair retreated from 0.9930 and broke below its 20-period and 50-period moving averages. The relative strength index is below its neutrality level at 50. The U.S. dollar strengthened further, boosted by optimism on Congress, getting closer to passing a tax-cut plan. Hence, below 0.9930, look […]

BTCUSD climbed to another all-time high during the Asian trade on Monday and hit the 19,383.50 level. The strong up-move happened after a break out of a narrow range of 15,038 – 17,496, shifting the bias to bullish. It is worth mentioning that BITCOIN opened with a gap to the upside during today’s trading session but later pared some of the gains, creating a correction to the downside. […]

The Financial Stability Oversight Council (FSOC), claims that BITCOIN and other cryptocurrencies do not pose a threat to existing financial systems around the world. In its 152-page report, FSOC has declared that virtual currencies are used only by a small number of consumers, and Blockchain technology offers potential in a variety of industrial applications. They […]

Here are the latest developments in global markets: Forex: The dollar was weaker versus a basket of major currencies during early European trading hours as investors played down the post-growth effects of the proposed tax cuts. The dollar index touched intra-day lows at 93.68 (-0.26%). Euro/dollar was on track to break above 1.1800, reversing most […]

NZD/USD is expected to trade with a bullish outlook. The pair accelerated on the upside and broke above its key resistance at 0.6990, which becomes the key support now. The 20-period moving average crossed above the 50-one. The relative strength index is bullish and calls for a further rise. To sum up, above 0.6990, look […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

You’re watching the Economic Calendar for Tuesday, the 19th of December. Here’s a rundown of the most important news releases. German Ifo Business Sentiment for December is up first at 9 AM, and the Index has been reaching one record-high level after another, reflecting a notable optimism about the future. US Building Permits for November […]

It`s 12 o`clock on this week`s first trading day, so let`s see how the sentiment of the traders compares with the actual rate shifts. Euro/Dollar has seen a rise, which puts the pair point 42% in the green. Turnover is low and neutral sentiment of the traders is leaning towards the short side by 9%. […]

The US Dollar bears a modest loss against other currencies, partially erasing the Friday’s strengthening, which can be associated with excitement about getting closer to the end of the battle for the tax bill. The stock market is predominantly green as Tokyo Nikkei2225 increased by 1.6% and Chinese Hang Seng increased by 0.9%. On Monday […]

Keep your broker in check on this week’s first trading day by watching the Dukascopy Spike Controller. First up is the Euro/Dollar, which has long term average and maximum spreads of point 4 and 2 pips respectively. This week has been Euro bullish so far, the pair has gained point 49% or 57 pips as […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Daily financial news by- Binary.com- December 18th, 2017

The South African Rand has had an interesting year as shown below. The market movements has been associated with President Jacob Zuma who has faced multiple no confidence votes for the massive corruption in his government. The main corruption case related to his association with the wealthy Gupta family who were accused of State Capture; […]

GOLD prices are firmer after rebounding off a 5-month low of 1236.49 last week but remain stuck in a range between 1250 and 1260 during the past few trading days. The flat RSI on the 4-hour chart is indicative of no clear direction in the market. Risk though is tilted to the upside as prices […]

The Dollar index bounced strongly off the 50% Fibonacci retracement and the cloud support in the 4-hour chart as expected. The Dollar index reached 94 which is important short-term resistance and is showing rejection signs. Red rectangle – resistance area Black rectangle – support area The Dollar index is at an important junction. A break […]

Last week, the focus among investors was central banks and Washington. As expected, the Fed raised rates and forecasted three more in the coming year. In Europe, BoE, ECB, and SNB left rates untouched and forecasted no rate hikes in the coming year. In Washington, tax reform talks progressed in the conference. In the U.S., […]