EUR/CAD has been impulsively bullish the gains recently breaking above 1.5220 resistance area and retested it for further bullish pressure in the coming days. EUR has been quite positive with the economic reports and events recently which lead the currency to gain momentum over CAD despite the positive economic results this week. Today EUR Spanish […]

AUD/JPY has been quite corrective with the bullish gains after breaking below the 85.70 price area with a daily close recently. AUD has been quite positive with the economic reports recently which lead the price to gain over JPY but in a corrective manner. Recently AUD Private Capital Expenditure report was published at 1.0% which […]

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EUR/USD: There is a Bullish Confirmation Pattern in the EUR/USD 4-hour chart (for the price has managed to avert a strong bearish movement this week). Price is thus expected to keep going upwards, reaching the resistance lines at 1.1950 and ultimately, 1.2000. Some opposition would be met at the resistance line at 1.2000, but that […]

GBPJPY maintains a bullish intra-day bias after breaching the key 152 level yesterday. The pair has breached the upper end of the two-month consolidative range after a strong rally. Strong support held at the 147 level and GBPJPY bounced off the bottom of the range to rise with strong momentum all the way back to […]

Here are the latest developments in global markets: Forex: The dollar retained its strength against the Yen, trading near a 1-½ -week high, finding support from rising US Treasury yields, while the Euro was last flat on a weekly basis versus the greenback after advancing in the three preceding weeks. Pound/dollar stretched its uptrend to […]

EUR/NZD – Daily EUR/NZD – 8 Hourly Wave summary: The break above 1.7393 and 1.7408 has forced us to review our count. This break opens two possible scenarios. The first is that the expected deeper correction from 1.7408 still is alive, but in the shape of an expanded flat correction and if this is the […]

It’s time for this week’s last Main Daily Trading Signals. Here’s how the interbank compares with the technicals at 8 AM GMT. Neutral models prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 4 and 5 studies, respectively, and they are backed up by the more than 15% interbank. The […]

Wave summary: EUR/JPY continues to push higher and the break above 133.23 now questions, whether wave (D) did complete at 134.50 or wave (D) still is in motion higher towards 137.37 before completing? As long as resistance at 134.50 is able to cap the upside, we will continue to favor the count that sees the […]

The price has dropped perfectly and reached our profit target. We look to buy above major support at 0.6820 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 0.6874 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 0.8% where we expect a strong bounce from. […]

This is the Support and Resistance Level Report for Friday. Here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 1950 in resistance and 1 19 in support. Price Channel Indicator Upper Line is among the 5 studies for R1, and R3 is a 2 year high with 4 confirmations. A […]

On Thursday, OPEC (Organization of Petroleum Exporters) and non-OPEC producers led by Russia agreed to keep output cuts until the end of 2018. However, they also agreed to a possible early end of the agreement if the market overheats. The markets had already “priced-in” the extension of the agreement past its previous March 2018 end. […]

USDCAD is neutral for now after a correction of the long-term downtrend stalled ahead of the key 1.3000 level. The market is trading in a range and capped below the 200-day moving average. USDCAD has climbed to the upper end of the one-month range and has found strong resistance at the 50% Fibonacci retracement (1.2922) […]

The price has reached our profit target from previously. We look to sell below 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 expect a strong drop […]

The index is finding dynamic resistance in the 200 SMA at H1 chart and still awaits to resume the bearish bias in the short-term. We’re still expecting that USDX could make a test of the 92.70 level, while to the upside, if it breaks above the 93.60 level, then we should forecast a rally towards […]

Morning Report: 07.00 London This morning, the Euro is recovering some of the ground lost this week despite yesterday’s poor European CPI data. The EUR/USD is up 0.2%, with the EUR/JPY slightly higher and the EUR/GBP rallying for the first time in five sessions. The Pound is lagging the euro, but remains positive against the […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -EUR, MXN & KRW are Novembers FX winners. -Fed Speeches, ISM & PMI data on tap. -Canada China trade talks start today, -Asian PMI data is mixed this morning. -Just exactly why are people investing in BITCOIN? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, […]

The pair remains following a bullish structure above the 200 SMA at H1 chart and looks forward to testing the 1.3541 level, amid USD weakness against the Pound. Corrective moves might happen in the short-term, with the nearest target placed around the 200 SMA and the 1.3303 level. MACD indicator remains in the negative territory, […]

It’s been almost two years since the Bank of Japan decided to adopt an aggressive monetary stimulus using negative interest rates to end deflation and force price growth up to the central bank’s stability target of 2.0%. However, the BOJ’s preferred inflation measure, the core CPI index which excludes volatile items, showed a slow reaction since the […]

It’s been almost two years since the Bank of Japan decided to adopt an aggressive monetary stimulus using negative interest rates to end deflation and force price growth up to the central bank’s stability target of 2.0%. However, the BOJ’s preferred inflation measure, the core CPI index which excludes volatile items, showed a slow reaction since the […]

Truly headline news rarely proves good for investors…   RADIO 3, the BBC’s classical music station, isn’t known as a hot source of finance tips, writes Adrian Ash at BullionVault.   Not beyond recommending the occasional ‘budget price’ recording of Schubert or Schumann for your collection.   So when Radio 3’s 7am headlines get between […]

It’s 3 PM GMT on this Thursday and time for the Dukascopy FX Movers and Shakers. Sterling/New Zealand stands point 84% in the green to post the day’s top move. The pair rose sharply shortly after midnight and it has traded sideways during most of the remaining session. UK Sterling leads the advancers and decliners […]

GOLD was one of the first currencies in history, one of the first luxury items fawned over that later became the standard that most government issued currencies were equated to. Today it is in most consumer and industrial electronics, in astronaut’s visors and as decoration on overpriced edibles.   Just like anything else that has […]

December starts with the latest manufacturing PMIs from around the world, so let’s find out more. Swiss Manufacturing PMI for November is up first at half past 8 in the morning. The Index has been rising for 5 months straight and now stands at a 7-year high. The final estimate of Euro Zone November PMI […]

BULLION PRICES slipped again but GOLD mining shares rose Thursday in London as Asian stock markets followed Wall Street lower but Eurozone equities rose.   Crypto-currency BITCOIN jumped and slumped again, retouching yesterday’s low of $9,300 to trade 17% below Wednesday’s fresh all-time record above $11,300.   Gold fell 1.7% from Monday’s attempt at 6-week […]