Overview The USD/JPY pair traded lower yesterday and approached our initial target at 111.90. The pair came under negative pressure formed by the EMA50. We still suggest the bearish trend for today. Please note that breaking the mentioned level will extend the bearish wave to reach 111.00 directly. Holding below 113.00 is the main condition […]
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Overview No news for the GBP/JPY pair. Meanhwile, the pair faces additional negative pressures by stochastic, approaching the 20 level This confirms that the anticipated bullish rally is delayed. Please be aware that it is extremely important to monitor the price behavior in case the initial support at 150.00 is touched. Besides, you are recommended […]
Overview GOLD price continues to move around the EMA50, keeping steadily below the key resistance 1,263.15. Thus, the bearish trend is still suggested for the upcoming period. Supported by stochastic head downwards on the four-hour time frame, the price is waiting to test 1,240.85 level mainly. We remind you that breaking the targeted level will […]
Overview Silver price retreated below 16.00 after the rise in the previous sessions. Stochastic keeps losing the positive momentum clearly on the daily time frame. Amid the downward pressure, we are waiting until the price resumes the bearish bias in the upcoming sessions with a target testing 15.49 level mainly. Therefore, we still suggest the […]
The decisions of the four leading central banks and key data from the US economy were all released yesterday, but in the FX market, we can not see any interesting developments. Norges Bank provided the most emotions, which brought the expectations of the interest rate hike closer, but the Norwegian Krone rally was taken to […]
Week Ahead – BoJ meets amid normalization talk; US tax vote the main focal point
Central bank activity will continue next week with policy meetings of the Bank of Japan and Sweden’s Riksbank. It will be a relatively quieter one though for economic indicators, except in the United States, which will see several big data releases, including personal consumption expenditure figures, housing numbers and durable goods. But happenings in Capitol […]
Ethereum (ETH) prices briefly topped the $753 territory on Thursday before retreating somewhat, marking yet another all-time high for the world’s second largest cryptocurrency by market capitalization. At the time of writing, ETH is trading near the $680 handle, which marks a 58% surge since Monday. What has been driving this astonishing rally, and is […]
Trading Plan for EUR/USD and US Dollar Index for December 15, 2017
Technical outlook: The EUR/USD pair reversed exactly from 1.1850/60 levels yesterday, shedding almost 100 pips yesterday. At the moment the pair is working out a lower degree wave ii as labelled here and should be dropping lower towards 1.1600 levels immediately. Please note that the medium-term targets are well poised to drop below 1.1550 levels […]
Dukascopy Forex TV Team is back with the FX Movers and Shakers for this week’s final trading day. Sterling/New Zealand has been on a slide and the pair is 1.16% in the red to post the day’s top move. New Zealand Dollar is having a bullish session and it’s on top of the advancers and […]
BITCOIN (BTC) has been trading upwards. The price tested the level of $18,408. South Korea’s government released emergency measures for cryptocurrency regulation on Thursday. Bitcoin exchanges will now be regulated. Among other measures, there will be a ban on banks, minors, and foreigners trading cryptocurrency as well as a clampdown on virtual bank accounts needed […]
Technical Analysis – GBPJPY threatens key 150 level; bearish outlook
GBPJPY is clearly biased to the downside in the near term and has broken important support at 150.00. A daily close below this key level would strengthen the short term bearish tendency. On the 4-hour chart, GBPJPY has also broken below the 200-period moving average which is located slightly below the 150.00 level. The stochastic […]
Overview: The price is still moving around the area of 0.9806 and 0.9921. Besides, it should be noted that the bias remains bullish in the nearest term testing 1.0037 or higher. The USD/CHF pair continues to move upwards from the level of 0.9806. Last week, the pair rose from the level of 0.9806 to the […]
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Gold Bars Rally 1.8% from Pre-Fed Low as Bitcoin ‘Masks Equity Bubble’
GOLD BARS rose above 1-week highs against most major currencies in London trade Friday, extending their recovery from this week’s multi-month lows as world stock markets slipped for a second day from new all-time highs. Bond yields eased back as debt prices rose with commodity costs. Popping to $1260 per ounce as the […]
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1764. According to the 30M time – frame, I found out that Fibonacci retracement 38.2% is on the test, which is a sign that buying looks risky. I also found a poor low from yesterday, which indicates that EUR/USD might create […]
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Let’s see which news releases could move the currency markets on Monday, the 17th of December. This is the Economic Calendar. New Zealand Performance of Services Index for November is up first at half past 9 on Sunday evening. The Index lost some ground in October as strong gains in new orders and sales were […]
We’re here to let you know how trading has been shaping up for market players during the morning session on this week`s last trading day. Euro/Dollar has moved slowly up to trade point 21% in the green at noon. Turnover is low and neutral sentiment of the traders is 3% short. Gradual uptrend makes a […]
Technical Analysis – EURGBP holds in bearish sloping channel; risk of more losses
EURGBP posted losses for two negative weeks in a row and over the last nine weeks, the pair has been trading within a downward sloping channel, starting at a peak of 0.9030 resistance level and touching a low at 0.8690. The latter barrier is a new seven-month low. Looking at the 4-hour chart, in the […]
US Open Preview– Brexit clock ticks down but pound steady; H&M drags stocks
Here are the latest developments in global markets: Forex: The dollar continued to trade near yesterday’s lows versus its major peers as tax risks kept weighing on the currency after another US Senate Republican warned to give a “no-vote” on the promised tax cuts. Dollar/Yen was weaker at 112.18 (-0.18%). Euro/dollar posted moderate gains, rising marginally […]
Technical Analysis – US 30 index bullish in the short- and medium-term; RSI though overbought
The US 30 index has been advancing for the most part in recent days, reaching an all-time high of 24,678.00 during yesterday’s trading. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to a bullish short-term picture for the index. The RSI, which has been moving higher in recent weeks, supports […]
All our upside targets which we predicted in yesterday’s analysis have been hit. Despite the recent pullback from 0.7030 (the high of December 13), the pair is still trading above the key support at 0.6975. Even though the continuation of consolidation cannot be ruled out, its extent should be limited. Hence, as long as 0.6975 […]
Weekly Forex Outlook: 15/12/2017 – After Fed, dollar eyes tax vote; aussie and kiwi outperform
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
AUD has been dominating over JPY this week in light of upbeat high impact economic reports, supporting the gains. Recently, Australia’s Employment Change report was published with a significant increase to 61.6k from the previous figure of 7.8k which was expected to increase to 18.1k and Unemployment Rate remained unchanged at 5.4% as expected. The […]
Check your broker’s price feed quality by watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Friday. Euro/Dollar’s long term average spread is point 29 pips and both of the sides were 3.2 pips apart yesterday. The pair has moved South from the high of 1 1863, declining by a […]