GOLD PRICES cut this year’s gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency BITCOIN surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running […]
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Let’s see which news releases could move the currency markets on Monday, the 11th of December. This is the Economic Calendar. Japanese Preliminary Machine Tool Orders for November are up first at 6 AM. Orders picked up speed in October, posting the strongest annual growth in 7 years. US JOLTS Job Openings for October follow […]
Here are the latest developments in global markets: Forex: The dollar gained further momentum, crawling towards a fresh three-week high of 113.58 (+0.36%) versus the Yen during early European trading hours as investors remained confident after a potential government shutdown in the US was averted on Thursday. The dollar index broke above the 94 key level (+0.25%). The Pound stalled around 1.3463 (-0.19%) after reaching a […]
Intraday technical levels and trading recommendations for EUR/USD for December 8, 2017
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. […]
The morning session is over on this Friday; let’s look back at rate movements and trader performance. Euro/Dollar has been trending lower for most of the session, losing point 29 percent by midday, but trading has again been slow. As to the sentiment, it is at a balance. Bears have been in pretty good positions, […]
Partial data from the US labor market indicates a solid pace of employment growth in November. The unemployment rate at 4.1 % is already at the level that the Fed forecasts for the next two years, so a further drop will be an argument for more hawkish comments. However, the salary growth remains the most […]
Weekly Forex Outlook: 08/12/2017 – Fed rate hike, UK data and Brexit next week’s focus
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.
Bitcoin analysis for 08/12/2017
The British State Treasury is planning to introduce regulations on BITCOIN and other cryptocurrencies. The agency is increasingly concerned about the possibility of using digital currencies in illegal activities, such as money laundering and tax evasion, due to their increasing popularity. According to the planned legislation, which is to cover the entire European Union, cryptocurrency […]
Week Ahead 11-15 December 2018: Fed to outline path for rate hikes in 2018
With the Fed expected to raise rates attention is on how many more FOMC members expect in 2018 and beyond. 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 institutional clients. Based in the City of London, […]
You’re watching the Dukascopy Main Spike Controller for Friday where we take a closer look at the benchmark interbank price data. Euro/Dollar’s average and peak long-term spreads stand at point 27 and point 9 pips, respectively. The pair started moving lower after 6 PM yesterday, and so far, it’s lost point 7% or 83 pips. […]
Technical Analysis – GBPJPY turns bullish above 152 level but rally stalls on overbought conditions
GBPJPY has firmed up and turned more bullish after breaking above the key 152 level on December 7. However, the rally off the 150 area has now stalled at 153.40 after the market became overextended. On the 4-hour chart the RSI reached overbought levels at 70 and due to weaker momentum in the market, GBPJPY […]
Trading plan for 08/12/2017
In the foreground, there was a substantial growth of imports (17.7% y/y, consensus: 13.0%), which proves the high demand of Chinese producers for goods used in production processes. The export volume was also surprising, as from year to year it recorded as much as 12.3 percent jump. The scale of surprise clearly reflects deviation from […]
The Dollar index continues higher as expected but we could see a pull back towards 93 today or Monday. Trend remains short-term bullish. We could see a short-term pullback for a higher low before the continuation of the bigger bounce higher towards 96. Black lines – bullish channel The Dollar index is testing upper channel […]
Technical Analysis: 08/12/2017- EURGBP hits 6-month low; RSI close to oversold
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
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 8th, 2017
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 8th, 2017
Forex News: 08/12/2017 – Dollar gains before jobs report; sterling boosted by Brexit progress
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
European Open Preview – Eyes on US jobs report and Brexit developments; Asian equities rally
Here are the latest developments in global markets: Forex: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The Pound was on track to post a second day of gains as concerns over a hard-Brexit calmed after the […]
GOLD price remains in a bearish trend and moving lower still. Price has reached our target area but we could see a strong bounce today after the NFP announcement. I do not prefer to remain short at current levels. Gold has made an equal extension downwards to the first leg down from $1,297. Gold price […]
Morning Report: 07.00 London Sterling is pausing this morning after soaring yesterday on hopes that today will see the close of the first phase of Brexit negotiations. Teresa May is expected to travel to Brussels to announce a solution to the Northern Ireland border problem. The EUR/GBP has dropped to its lowest levels since June […]
These are the Main Daily Trading Signals for Friday. Here’s how interbank compares with the technicals at 8 AM GMT. There’s red across the table for the Euro/Dollar, which sees 6 sell prompts in both the short and long-term and no less than 7 bearish signals in the mid-term, but, in contrast, the interbank is […]
BITCOIN, bitcoin, bitcoin – it’s everywhere, even the Big Bang Theory (one of TV’s most popular sitcom) had an episode dedicated to it. I’m being completely serious, check it out here. Does this mean that the market perplexing cryptocurrency has a solid place in the mainstream like its government issued counter-parts? I couldn’t tell you […]
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 seen a decline, which leaves it below R1 of 1 1790 and above S1 of 1 1760. The second resistance line sees 11 confirmations, and R1 counts a 100 day moving average among its 8 […]
Burning Forecast 08/12/2017
Burning Forecast 08/12/2017 EURUSD: Buy with a spread from 1.1815 In the center of attention – the report on employment in the USA today at 12.30 London time We expect strong data, in this case, it is likely that the Euro will continue to move downwards – hold positions for selling, but we can sell […]
BITCOIN has been quite rapid with the gains recently which took the price all the way to the record high price above $16,600. As expected, the price is currently coming down quite impulsively after the recent impulsive move which was analyzed to be a fake move having a Bearish Divergence below $15,000. The rapid move […]