Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. First up is the Euro/Dollar with 6 neutral models in the short-term. The mid-term brings 5 bearish signals, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. First up is the Euro/Dollar with 6 neutral models in the short-term. The mid-term brings 5 bearish signals, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than […]

USD/CAD has been quite bearish recently after bouncing off the 1.2850 resistance area. CAD gained the impulsive momentum against USD due to recently published better than expected Employment Change, GDP, decrease in Unemployment Rate and Trade Balance deficit while USD is struggling with the lower inflation and indecision of further Interest Rate Hike in the […]

Morning Report: 07.00 London This morning, the Australian dollar is on the back foot after Aussie GDP came in below estimates this morning. The AUD/JPY is now down 0.75%, with the AUD/USD down 0.33%. The dollar pairs generally have a positive bias as the dollar index slips back. The NZD/USD is outperforming, breaking away from […]

Data released by the US Commerce Department on Tuesday indicated that the US trade gap rose 8.6% in October from $44.9 billion in September, as imports from China and other suppliers hit a record high ahead of the holiday shopping season. Imports hit a record $244.6 billion in October, and exports were unchanged at $195.9 […]

AUDUSD has turned increasingly bearish as the pair continues to trade below its 200-day moving average and has retraced more than half of the rise from 0.7328 to 0.8124. Prices are now close to the lowest level in six months. In the near term, the market is in a consolidation phase, capped by the 61.8% Fibonacci […]

It is done! OPEC and Russia gave the market what they expected, having prolonged the agreement on the reduction of production until the end of 2018. Riyadh believes that this will allow it to withdraw the size of global reserves to the level of 5-year averages in the second or third quarters of next year […]

USDX hovers around the 200 SMA without a clear direction across the board, but it remains on the bearish side, as the price action is consolidating below the moving average. The next support lies at 92.70, and if that level gives up we can expect further declines towards the support zone of 91.85 in the […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX markest off to a quiet start overnight. –BITCOIN bursts through $12000.00 per coin. -HK stocks fall by as much as -2.10%. –GOLD trades at a 2 month low. -Aussie Q3 GDP below forecast but still growing. -President Trump may ignore advice on Jerusalem. -Why global growth could push up food […]

GBP/USD erased some of yesterday’s gains and it’s now being supported by the 200 SMA at H1 chart. Such moving average could provide dynamic support across the board and if it manages to rebound around that area, we can expect an advance towards the resistance level of 1.3541, at which a breakout should expose the […]

EUR/JPY has been quite bearish recently after bouncing off the resistance area of 134.40. EUR has been quite mixed with the economic reports today which lead the currency to lose some grounds against JPY. Today EUR Spanish Services PMI report was published with decreased figure of 54.4 from the previous figure of 54.6 which was […]

BITCOIN has been quite corrective with the gains recently which lead the price to reside above $11,500 price area. As of the upcoming launch of Bitcoin future trading by CME and CBOE on 10th and 18th December, the market sentiment is very positive for the Bitcoin gains which is expected to push the price higher […]

BITCOIN has been quite corrective with the gains recently which lead the price to reside above $11,500 price area. As of the upcoming launch of Bitcoin future trading by CME and CBOE on 10th and 18th December, the market sentiment is very positive for the Bitcoin gains which is expected to push the price higher […]

Next on the list of central bank policy meetings is the Bank of Canada which is expected to follow its Australian counterparts and keep interest rates on hold at 1.0% at its last rate-decision for 2017 on Wednesday. Although the economy seems to be approaching full capacity conditions, the central bank is likely to maintain monetary […]

Following the Senate’s approval of the tax bill over the weekend, the DOW Jones Industrial Average posted a record-high close during Monday’s trading. Despite finishing at an all-time high though, positive sentiment from earlier in the day was not maintained and the blue-chip index gave up on most of its earlier gains. The S&P 500 […]

BITCOIN (BTC) has been trading upwards. The price tested the level of $11,826. RSK Labs has announced that the main network of their Bitcoin-powered smart contract platform is launching in beta on Monday after more than two years of development. The company claims to have secured the support of 90 percent of Bitcoin’s hashing power […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1845. According to the 1H time – frame, I found testing of support cluster at the price of 1.1840, wich is sign that selling at this stage looks risky. I also found a larger support cluster at the price of 1.1815 in the […]

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. Recent bearish pullback was executed […]

A sense of disappointment over Britain’s failure to securing a Brexit deal with EU officials on Monday has left Sterling vulnerable to losses. The Dollar received a boost last week after U.S Senate passed its version of the tax bill. In the Commodities arena, WTI Crude edged lower despite OPEC extending its production cut deal […]

The Reserve Bank of Australia has left the main interest rates at the level of 1.5%, just as expected. This marks the fifteenth meeting in a row the RBA has held rates steady, with the last rate movement taking place in August 2016 with a 25 basis point rate cut. In the Monetary Policy Statement, […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 112.41. I found successful rejection of the major median line in the backgrorund, which is a sign that buying looks risky. I also found a broken smaller upward channel inside of the larger channel, which is another sign of weakness. My […]

GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday’s drop.   Commodities fell as major government bond prices edged longer-term interest rates higher.   “Gold should encounter significant support at $1269/67 and […]

GBP/JPY is expected to trade in a lower range as it is under pressure. The pair is trading sideways within the range between 152 and 148.60, and is likely to test the lower boundary at first. The relative strength index is mixed to bearish below its neutrality area at 50. Last but not least, the […]

NZD/USD is expected to trade with a bullish outlook. The pair managed to hold above its major support at 0.6860, and is reversing up after having formed an intraday “double bottom” pattern. The upside potential has been opened towards 0.6930, as both the 20-period and 50-period moving averages are now below the prices, and should […]

Here are the latest developments in global markets: Forex: The Australian dollar continued to trade around three-week highs at $0.7645 (+0.63%) following upbeat data on retail sales and the RBA’s decision to keep rates steady at record low levels. In the Eurozone though, retail sales disappointed markets with the measure diving unexpectedly to a three-week low as food […]