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 […]

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 Weekly market outlook by- Binary.com December 3rd, 2017

Plus, an Elliott wave perspective to bring it all together. There is no question that cyclical and seasonal factors impact commodity prices. However, market psychology is also a huge factor — and nothing helps you track it like Elliott wave analysis. Watch our Chief Commodity Analyst, Jeffrey Kennedy, give you his latest thoughts (softs and […]

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BITCOIN (BTC) has been trading upwards. The price tested the level of $10,734. The largest options exchange worldwide, the Chicago Mercantile Exchange Group (CME), has announced its official Bitcoin futures contracts will launch on Monday, December 18, 2017. Technical picture looks bullish but in the overbought zone. Trading recommendations: According to the 1H time frame, […]

Recently, GBP/USD is trading downwards. The price tested the level of 1.3456. Anyway, according to the 15M time – frame, I found a hidden bullish divergence on the stochastic oscillator in creation, which is a sign that selling looks risky. I also found a strong pinbar in the background, which sugests strength. My advice is […]

The first week of December will get off to a packed start with a number of key indicators and central bank meetings set to keep traders busy. Among the highlights are Australian GDP figures for the third quarter, European industrial output figures and US nonfarm payrolls. Also in focus are central bank meetings in Australia […]

All our upside targets which we predicted in yesterday’s analysis have been hit. The pair posted a strong rebound after marking a low of 111.71 overnight (November 30). Currently, it is trading at levels above the key support at 112.20 while being supported by the ascending 50-period moving average. The relative strength index is around […]

USD/CHF is expected to trade with a bullish outlook. The pair managed to hold above its key horizontal support at 0.9815, and is likely to post a new bounce. The bullish trend line should maintain the strong buying pressure on the prices. Last but not least, the relative strength index stands above its neutrality area […]

It’s 3 PM GMT on the final trading day of this week, so let’s find out what’s moving and shaking. Sterling plummeted against the Loonie Dollar during recent trading hours and the pair has lost a considerable 1.59%, which is the day’s top move. Canadian employment and GDP reports both were positive, providing a bullish […]

In November, the UK PMI Manufacturing activity index jumped to 58.2 from 56.6 in October (after revision). This is a big surprise because the market carefully assumed an increase to 56.5 from 56.3 before the revision. You can see that a solid pace of recovery in Euroland also benefits companies in the UK. Manufacturing production […]

GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and BITCOIN rallied 6% below this week’s new all-time record high.   Falling back to $1273 per ounce […]

The course of Thursday quotations on the energy commodity market was dictated by the most recent reports from Vienna’s OPEC meeting, where consensus was reached by world Oil miners. Declarations on the extension of the agreement until the end of 2018 confirmed not only the representation from Saudi Arabia, but also from Russia, Iran or […]

Recently, EUR/USD has been trading sideways at the price of 1.1898. Anyway, according to the 15M time – frame, I found rejection from pivot level at the price of 1.1881, which is a sign that selling looks risky. I also found an oversold condition on the stochastic oscillator, which is another sign of strength. The […]

This week, several records have been broken. BITCOIN crossed the $10,000 mark while Ethereum reached its all-time high of $517. In the United States, the major Indices continued their winning streak. On Thursday, the DOW cruised through the psychological $24,000 level while the S&P reached an all-time high price of $2645. The upward move was […]

Here are the latest developments in global markets: Forex: The Pound turned to be the worst performer among major currencies despite impressive manufacturing PMI figures, trading below the $1.3500 key level after touching a fresh two-month high of 1.3548 early in the Asian trading (-0.25%). Eurozone’s manufacturing PMI stood at multi-year highs, but the Euro […]

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. The recent bearish pullback was […]

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. […]

Find out if traders have managed to work out the currency rate movements as we reach the midpoint of this week`s last trading day. Euro/Dollar’s gradual uptrend was followed by a slide, which wiped out all of the gain. Traded volume is average and sentiment is neutral, long positions are up by just 1%. Bulls […]

Weekend is just around the corner now, but don’t let your guard down and keep checking your broker’s fairness by watching the Dukascopy Spike Controller. Euro/Dollar’s daily average spread is point 28 pips and maximum separation has been 1.3 pips. The pair has advanced towards the 1 20 level, gaining 1.12% or 132 pips. Euro […]

Asian equities projected a mixed picture today. In Japan, the Nikkei 225 and the Topix Indices finished the day higher by 0.4% and 0.25% respectively. Earlier in the day, the Nikkei advanced by as much as 1.2% to stand at its highest since 1992, however it didn’t manage to sustain those gains. Hong Kong’s Hang […]

Our first target which we predicted in Yesterday’s analysis has been hit. The pair remains under pressure below its nearest resistance at 0.6855. The process of lower highs and lows also remains intact, which should confirm a negative outlook on the prices. In addition, the relative strength index is heading downward, without showing any reversal […]

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.

This is the Economic Calendar for Munday, the 4th of December. Let’s see which news releases stand out. Japanese Consumer Confidence for November is up first at 5 AM. Confidence continued growing in October, reaching a 4-year high. UK Construction PMI for November follows at 9:30. The Index rebounded in October, having slipped in the […]

Burning Forecast 01/12/2017 EURUSD: Buy the Euro from kickbacks. The euro is growing on strong data on the economy of Europe: unemployment in the euro area has dropped to 8.8% – this is the lowest unemployment rate since 2011. At the same time, inflation remains at low levels and does not grow – this does […]