Indonesian Central Bank revealed that it is considering introducing new regulations that would prohibit BITCOIN transactions from 2018. Chief of Transformation Onny Vidjanarkko said yesterday that the bank wants to introduce a ban because of concerns about the potential use of Bitcoin in financing terrorism, money laundering and trade drugs. The Central Bank, which has […]

A wave of risk aversion swept across financial markets on Wednesday with global stocks pressured as geopolitical risk and depressed Oil weighed on sentiment. The Dollar received a boost after the US ADP for November exceeded market estimates. Sterling still remains pressured by the Brexit uncertainty while Oil tumbled thanks to oversupply concerns. With the […]

Friday brings a number of known market movers, so let’s take a closer look with the Economic Calendar. German Trade Balance for October is up first at 7 o’clock, and trade surplus widened in September as exports fell less than imports. Two news releases regarding the British economy in October will be available at half […]

It’s 12 PM GMT on this Thursday, and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar started trending lower after 4 AM, and a loss of 31 pips left it point 14% in the red at noon. This pair sees less than half its usual amount of funding, and the sentiment is neutral at 3% […]

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the […]

The US Dollar is well on Thursday with a fresh dose of hope for enacting a tax bill in the US. Australia’s weak trade balance pushed AUD down, but NZD is losing the most. EUR / USD is sitting at 1.18, but USD / JPY approaches 112.60 with the help of the growing Tokyo stock […]

Wave summary: Once again EUR/NZD failed to break below support seen at 1.7077 (the low was seen at 1.7100). The rally following the 1.7100 low does begin to look constructive, but only a clear break above resistance at 1.7342 will indicate a corrective low already could be in place. We do think the correction from […]

The Dukascopy TV team is here with another Primary Spike Controller. Point 28 pips is the average long-term spread for the Euro/Dollar, and the daily max stands at 1.9 pips. The pair went down yesterday, losing point 45% or 53 pips, but it has seen limited movement since. US ADP Employment Report was ot at […]

Wave summary: We continue to look for resistance near 133.22 for more downside pressure towards 132.31 and the important support at 131.14, which needs to be broken to confirm wave (D) peaked with the test of 134.50 and wave (E) lower to the ideal target at 123.43 is developing. R3: 133.75 R2: 133.50 R1: 133.22 […]

The US dollar index has broken out of the bearish Kumo cloud resistance. Trend is changing to bullish as long as price is above 93-92.50. The index has started making higher highs and higher lows on the 4 hour chart. Black lines – bullish channel The Dollar index is trading above the Ichimoku cloud. Price […]

On Friday morning, the Bureau of Labor Statistics will release the Non-Farm payrolls (NFP) and the unemployment rate data. Analysts expect the unemployment rate to remain steady at 4.1% and an NFP reading of 200K. In November, the bureau reported an NFP figure of 261K while in September, the bureau reported a job loss figure […]

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NZDUSD has a negative undertone as the flow is back to the downside following a break below the key 0.6900 level. On the 4-hour chart, the RSI is bearish while the 20 and 50-period moving averages are negatively aligned. The rapid pullback from yesterday’s 0.6916 high suggests NZDUSD does not have enough momentum to resume […]

Here are the latest developments in global markets: Forex: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The Euro and the Pound were on track to post the third day […]

GOLD price has reached our target area of $1,255-50. Price is showing bullish divergence signs in the 4 hour chart. Trend remains bearish as price is still below the Ichimoku cloud and both the Tenkan- and Kijun-sen. Gold price is making lower lows and lower highs. Trend is bearish. I believe it is time for […]

Morning Report: 07.00 London This morning, the US dollar is firmly in control on expectations for further rate hikes and confidence following the passing of tax legislation. This in turn is putting pressure on dollar pairs, notably the AUD/USD which is off by 0.33%. The AUD/JPY is also extending yesterday’s losses. This comes on the […]

These are the Main Daily Trading Signals for Thursday. Here’s how the technicals compare with interbank at 8 M GMT. Euro/Dollar’s short and long-term charts are both divided between red and neutral signals, whereas the mid-term scale sees 6 sell prompts, but the interbank is neutral at less than 15% long, and it does not […]

Breaking forecast 12/07/2017 EURUSD: Sell on rebound A strong report on employment in the US for November moved the dollar upward. On Wednesday, a report on employment in the US for November from a private company ADP – an employment increase of +190, 000 (official report will be released tomorrow 12/08/2017) These are strong data, […]

Breaking forecast 12/07/2017 EURUSD: Sell on rebound A strong report on employment in the US for November moved the dollar upward. On Wednesday, a report on employment in the US for November from a private company ADP – an employment increase of +190, 000 (official report will be released tomorrow 12/08/2017) These are strong data, […]

Good morning, traders, let’s see where the Support and Resistance levels stand this Thursday morning. Euro/Dollar has lost some ground, and it now has R1 of 1 18 and S1 of 1 1770. R1 is a 100 day moving average with 7 studies, whereas the second line has found 6 matches. R3 is backed up […]

Good morning, traders, let’s see where the Support and Resistance levels stand this Thursday morning. Euro/Dollar has lost some ground, and it now has R1 of 1 18 and S1 of 1 1770. R1 is a 100 day moving average with 7 studies, whereas the second line has found 6 matches. R3 is backed up […]

In an unsurprising move, the Bank of Canada decided to hold its benchmark lending rate at 1%, after two small hikes earlier in 2017. The BoC stated on Wednesday that it has decided to keep its target for the overnight rate right where it is, while rate hikes in July and in September continue to […]

In an unsurprising move, the Bank of Canada decided to hold its benchmark lending rate at 1%, after two small hikes earlier in 2017. The BoC stated on Wednesday that it has decided to keep its target for the overnight rate right where it is, while rate hikes in July and in September continue to […]

USDJPY has not had a clear trend since January this year as the pair has been trading in a broad range between 108 – 114. In the short term, prices have moved to the upper half of the range, having firmed up this week. USDJPY has made an astounding recovery after bouncing from the 108 […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX markets are quiet but BITCOIN busts US$14k per coin. -Aussie Trade balance’s unpleasant surprise. -Saudi Prince bought that Da Vinci. -Turkish President to visit Greece. -The ASX gives a blockchain the thumbs up. -Central bank balance sheets are still growing. The overnight changes and price moves to be aware of […]