Inflation data from the US and Eurozone are the last big economic releases of the year, while the BITCOIN craze continues with the launch of futures by CME. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and […]

This week, the focus on investors was on central banks and the Alabama senate race. On Tuesday, the people of Alabama went to elect their new senator. The race was between Doug Jones, a democrat, and Roy Moore, a republican. Polls indicated a tight race with Roy Moore being the favorite to win. At the […]

Wave summary: EUR/NZD spiked higher to 1.6965 before tuning lower again. The failure to sustain the break above 1.6955 calls for more downside pressure towards 1.6720 before a low likely is in place. Short-term minor resistance is seen at 1.6873 and a break above here will be the first warning that a low has been […]

Wave summary: EUR/JPY has broken below support at 132.81 as expected and should now continue to move lower towards important support seen at 131.14. This support still needs to be broken to confirm that wave (D) indeed completed with the test of 134.50 and wave (E) lower is developing for a decline towards the ideal […]

Here are the latest developments in global markets: Forex: The dollar was not much changed after hitting an eight-day low against a basket of currencies yesterday on uncertainty over the passage of tax reforms. Kiwi/dollar advanced after New Zealand’s finance minister expressed no concerns about a rising currency. STOCKS: The Nikkei 225 lost 0.6% and […]

NZD/USD is currently residing inside the resistance area of 0.6980 to 0.7050 after an impulsive bullish pressure off the 0.68 support area. Despite the federal funds rate increase to 1.50% from 1.25%, the market shaped the opposite sentiment that has led to a further gain on the NZD side recently. Today, New Zealand’s Business Manufacturing […]

Morning Report: 07.00 London The Euro remains subdued this morning after heavy selling yesterday. The ECB maintained a positive economic outlook, but expressed on concerns over inflation increasing below target. The EUR/GBP slumped yesterday, with the EUR/USD reversing half of Wednesday’s gains. With the exception of the euro, dollar pairs are performing well again this […]

Hello, traders, you’re watching the Primary Daily Trading Signals for Friday. Euro/Dollar sees consistent results across the table, as it has exactly 5 neutral studies in the short, mid and long-term, and they indeed are in line with the less than 8% long interbank. The Cable also has neutral signals prevailing in all three time […]

EUR/USD: The EUR/USD pair rose upwards on Wednesday and came down on Thursday. That action has put some emphasis on the bearish bias, which would not be overridden, until the resistance line at 1.1900 is breached to the upside (and that will require a heavy buying pressure). USD/CHF: The USD/CHF pair generated a short-term “sell” […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has lost some ground and now stands between R1 of 1 18 and S1 of 1 1760. R1 counts a 100 day moving average among its 10 models, and a 20 day moving average is among […]

Thursday saw the latest Monetary Policy Committee (MPC) report from the Bank of England. The BoE stated that “further modest increases” in interest rates are probable, as the Bank tries to bring inflation in line with its 2% target in the coming years. The MPC appeared to be unconcerned with inflation rising to 3.1% last […]

This week, the AUD/USD pair has headed upwards, breaching the support levels at 0.7550, 0.7593, and 0.7634, and reached a monthly high of 0.7678. The upward momentum is attributed to the positive economic data from Australia as well as the overall dollar weakness following Fed’s decision on Wednesday. On Tuesday, the Australia’s NAB Business confidence […]

USDCAD remains neutral as it continues to trade in a range from late October. Near-term risk is tilted to the downside. The retracement of the longer-term downtrend from 1.3793 to 1.2061 has not reversed yet. However, the market is capped at the 200-day moving average. The bounce off the more than a 2-year low from […]

When the European market opens, some economic data will be released such as Trade Balance. In the US a batch of economic data in due later today such as TIC Long-Term Purchases, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility […]

In Asia, Japan will release the Tankan Non-Manufacturing Index and Tankan Manufacturing Index. On the US dollar’s front, the US will release a series of economic data such as TIC Long-Term Purchases, Industrial Production m/m, Capacity Utilization Rate, and Empire State Manufacturing Index. So there is a probability the USD/JPY pair will move with low […]

Following the meeting on December 12-13, the AHC Committee on Open Markets (FOMC) hiked, as expected, the federal funds rate by 0.25%, while keeping the forecast for 2018 unchanged. The moderate tone of the accompanying statement led to the fact that players preferred to lock in profits. At a subsequent press conference, Janet Yellen also […]

BITCOIN has been quite corrective as expected today and the deepest pullback was down to the $15,500 price area. The market focus seemed to have shifted from Bitcoin to Ethereum as the price of Ethereum has been quite impulsive with the gains recently. The sentiment change means that the price of Bitcoin residing currently was […]

USD/CHF has been quite volatile recently having impulsive bearish and bullish daily candles. Recently, the Fed Funds Rate report was published, despite the increase in the rate to 1.50% from the previous value of 1.25 as expected, USD lost significant grounds against CHF, which is currently recovering. Today the Libor Rate report was published: it […]

The Bank of Japan’s fourth quarter tankan survey is due at 2350 GMT on Thursday. Big manufacturers’ confidence in business conditions in Japan stood at a decade high in the third quarter, with fourth quarter projections indicating that positive momentum is to be maintained. The Tankan big manufacturers index is expected to come in at […]

Let’s find out if central banks have shaken up the FX Markets on this Thursday, 14th of December. Ozzy Dollar jumped against the Kiwi Dollar shortly after midnight and the pair stands point 78% in the green, which is the day’s top move. A positive employment change report has provided a boost for the Australian […]

On Wednesday, we listened to Janet Yellen’s final statement as the Fed chair. To many, it was an emotional farewell for a chair who has performed extremely well. Under her tenure, she has brought the unemployment rate to 4.1% – the lowest point in 17 years – and tamed inflation which remains below 2%. She […]

NZDUSD surged more than 1% on Wednesday to hit its highest level since October 20 at 0.7027. The strong up-move happened after a break out of a consolidation phase and has shifted the bias to the upside, though today’s down move is attempting to threaten the positive bias. Short-term trend signals on the 4-hour chart (20 and 50-period moving […]

The news flow gets light as the trading week comes to an end, but some releases are still worth a closer look. Euro Zone Trade Balance for October is up first at 10 AM, and trade surplus widened in September as exports outpaced the imports. Bank of England will release its Quarterly Bulletin at noon […]

EURUSD has a neutral to bullish bias in the very short-term timeframe as it struggled within the 38.2% and the 50.0% Fibonacci retracement levels with high at 1.1960 and low at 1.1716. During yesterday’s trading session, the common currency pair penetrated above the descending trend line that was holding since December 1st, on the 1-hour chart, and hit the 1.1843 […]

Overview: Pivot point : 0.9921. The USD/CHF pair didn’t make any significant movements for that 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 […]