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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

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…

Wave summary: On Friday, we stated that the break above 1.7408 opened two possible scenarios. The first was that an expanded flat was developing and in this case resistance near 1.7458 should protect the upside. We saw a spike to 1.7479 before a strong decline was seen, and this favor this scenario developing, over the […]

Wave summary: The pivot point at 134.50 is still holding firm keeping our preferred count alive. This count shows that wave (D) completed in late October with the test of 134.50 and wave (E) is developing. The (E) wave should ideally decline to 123.43 to complete the huge triangle consolidation that has been developing since […]

GOLD has seen some choppy trading recently and overall the bias is to the downside as the market remains below the key 1300 level. Prices dropped sharply after an attempt to break above 1290 was not sustained. The near-term picture is less positive as the flow is back to the downside and the RSI is […]

Here are the latest developments in global markets: Forex: The dollar bounced to a 2-½ -week high against the Yen during Asian trading following the approval of the tax overhaul bill by the Senate on Saturdaydespite persisting political noise in the country. Consequently, the dollar’s strength pushed other currencies lower, with the kiwi being the worst […]

Burning Forecast 04/12/2017 EURUSD: Buy for the breakthrough of 1.1940 In the morning, the dollar rose against all major currencies. Analysts explained that this was due to the adoption of the US Senate’s bill on tax cuts – Trump’s first serious case. However, we believe that a reduction in taxes will lead to a weakening […]

USD/JPY is expected to trade with bullish outlook. The pair bounced, producing a bullish gap at the open of Asian trading hours this morning. Currently, the pair remains on the upside and is not far away from 112.87, the high of last Friday (December 1). The relative strength index has entered the 60s, showing continued […]

Good Monday morning, the Dukascopy TV team is here with the Primary Daily Trading Signals. Euro/Dollar has bearish models prevailing on its short and mid-term charts, and the long-term scale turns neutral with 6 studies, but, in a notable contrast, the interbank is actually bullish at more than 16% long. Pound/Dollar sees 6 sell prompts […]

We were pleased to visit Bogotá, Colombia, on 25th November and host a free Forex trading seminar to online investors. Although not for the first time in Latin America, but for the very first time in Colombia, our aim was to bring forex trading closer to all those interested in online trading and in acquiring […]

USD/CHF is expected to trade with bullish outlook. The pair remains on the upside above its support at 0.9760. Even though a technical retreat cannot be ruled out at the current stage, its extent should be limited. The rising 50-period moving average should also play a strong support, and limit any downside room. To sum […]

Morning Report: 07.00 London This morning, the US dollar is on the charge as traders react to the passing of Trump’s tax bill. This comes following heavy losses on Friday on concerns over Flynn’s testimony over Trump. The dollar index is higher, forcing dollar pairs lower. The biggest losses have been seen on the Swiss […]

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 19 in resistance and 1 1850 in support. The lowest resistance line has found 5 matches, and R3 is a 2 year high with 4 confirmations. Price Channel Indicator […]

This week will be dominated by Geo-Politics as the US Tax Bill needs to be reconciled between the Senate and House, whilst UK Prime Minister May meets Jean-Claude Juncker, the President of the European Commission, Brexit Secretary, David Davis, and his opposite number Michel Barnier, plus, in an all-important oversight role, the President of the […]

EURUSD is consolidating recent gains after a strong rally from the 1.1600 area to 1.1900. A neutral phase is expected in the near-term as the market became overextended and the daily RSI indicator is indicating momentum has weakened after reaching near overbought levels at 70. EURUSD is expected to be supported on dips at key […]

We will retain our previous analysis target. The pair posted a technical rebound and is now standing above its 50-period moving average. The relative strength index is turning up and calling for a new bounce. Last but not least, a strong support at 151.10 has formed, and should limit any downward attempts. In these perspectives, […]

Price has shot down and bounced up to our selling area once again. We look to sell on major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance at 97% where we […]

EUR/USD has been quite corrective recently in a range between 1.1850 to 1.1950 area. Today the market opened with a gap downwards which pushed the price towards 1.1850 support area. EUR/USD has been corrective as both currency in the pair seemed to have mixed economic reports lately which did not quite impress the market sentiment […]

When the European market opens, some Economic Data will be released, such as PPI m/m, Eurogroup Meetings, PPI m/m, Sentix Investor Confidence, and Spanish Unemployment Change. The US will release the Economic Data, too, such as Factory Orders m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. […]

In Asia, Japan will release the Consumer Confidence and Monetary Base y/y data, and the US will release some Economic Data, such as Factory Orders m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.30. Resistance. 2: 113.07. Resistance. 1: […]

Adjusted data on US GDP in the third quarter were better than expected, the growth rate was revised to 3.3%, and by all means, the US economy is recovering successfully. This is despite the fact that the Congress has not yet approved the draft of the tax reform. However, the main factor of positive growth […]

Eurozone According to IHS Markit, business activity in the eurozone’s manufacturing sector has been at its highest level since April 2000, reaching 60.1 points in November against 58.5 points a month earlier. Record growth is noted for all leading economies of the eurozone. In particular, Germany achieved the second highest result in the history of […]

FX – December Kicks off with a Bang, More FX Volatility Ahead By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The last month of the year kicked off with a bang. Currencies, equities and Treasuries were hit by major intraday volatility that resulted in a rollercoaster ride for all investors on […]

FX – December Kicks off with a Bang, More FX Volatility Ahead By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The last month of the year kicked off with a bang. Currencies, equities and Treasuries were hit by major intraday volatility that resulted in a rollercoaster ride for all investors on […]

FX – December Kicks off with a Bang, More FX Volatility Ahead By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The last month of the year kicked off with a bang. Currencies, equities and Treasuries were hit by major intraday volatility that resulted in a rollercoaster ride for all investors on […]