Find out if economic news publications have influenced the spread levels during the last 24 hours by watching the Dukascopy Spike Controller. A quarter of a pip is the daily average spread for the Euro/Dollar. Peak of just a single pip took place less than an hour ago. The pair has moved South from the […]

Equities in Asia were broadly on the rise during today’s trading. The Nikkei 225 and the Topix, which more widely gauges Japanese equity performance, finished the day higher by 0.7% and 0.65% respectively. Hong Kong’s Hang Seng added 1.9%, closing at its highest in a decade, and the Shanghai Composite rose by 0.55%. Australia’s S&P/ASX […]

Blockchain revolutionizes the world in many ways, starting with banking and finance, through the transport and distribution of goods and services to Sci-Fi visions. Speaking here mainly about the internet things. First of all, let’s take a look at the lock in the public locker room and the armband, between which a smart agreement can […]

Overnight the financial markets have gone quiet if not boring. Weakest, albeit on a limited scale, were AUD and NZD, mostly due to dovish sounding RBA minutes release. EUR/USD is hovering around 1.1740, USD/JPY around 112.55 and GBP/USD – 1.3250. The stock market is trading at a rebound after yesterday’s dismal session. GOLD grows, Oil […]

After having taken part at Invest Trade Fair in Stuttgart, XM participated, for the second time this year, at yet another financial exhibition in Germany, this time at World of Trading, organized in Frankfurt on 17-18 November. Acknowledged as a must-attend event by banking and financial institutions in Germany and abroad, World of Trading was […]

Trading conditions were thin on Tuesday as economic releases were few, while the US was in a holiday mode ahead of the Thanksgiving Day on Thursday. Japan is also celebrating its Labour Thanksgiving Day on Thursday. The dollar remained steady at one-week high levels during the session as political noise in Germany continued to weigh on the Euro. The aussie touched […]

The EUR lost ground against many of its peers on Monday on news that Chancellor Angel Merkel’s efforts to form a coalition government had collapsed, which could result in Germany having to call snap elections. With no viable government coalition, it seems highly likely that Germany will be forced to hold new elections. For the […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 4 neutral signals in the short-term. The mid-term is split between red and neutral models, and the long-term is back to neutral. The interbank is neutral as well at 13% long, matching the […]

The Dollar index is making new short-term higher highs but price remains below the cloud. Trend remains bearish in the medium-term. There are still chances that the entire decline from 95 is not over and we could see a move towards 93-92.50. Blue line – trend line support (broken) Green rectangle – support Red rectangle […]

GOLD price as expected got rejected at the upper trading range boundary and fell back towards cloud support. Short-term support at $1,277 was broken but not the important $1,272 one. Trend remains neutral. Gold price could continue lower towards $1,272 and as long as it closes above it, we could see $1,300. Blue lines – […]

Trading plan 11/21/2017 EURUSD: Trade for a breakout range. German Chancellor Merkel cannot form a majority in the parliament – this stopped the growth of the Euro. At the same time, there was no sharp fall: “Germany’s economy is currently very strong and is ready to grow, the political crisis will not affect the economy […]

USD/JPY is currently trading inside the corrective range of 111.60 to 113.00 where the market is currently following a bearish bias. JPY has been dominating over USD for last few days. The pair is expected to be indecisive in the coming days as the market sentiment is currently quite USD biased amid the likelihood for […]

Morning Report: 07.00 London The Australian dollar is weaker again this morning after the RBA sounded a note of caution in the release of its latest minutes. The AUD/USD is trickling lower as the AUD/JPY undoes some of yesterday’s losses. Elsewhere, the Euro remains weak after under-performing the Pound yesterday. The single currency is under […]

Hello, traders, let’s see where the Support and Resistance levels stand this Tuesday morning. Euro/Dollar saw some volatility yesterday, but it now stands between R1 of 1 1760 and S1 of 1 1730. Standing near a 100 day moving average, R1 sees 6 matches, and Bollinger Upper Band is among the 3 models for R2. […]

GBPUSD continues trading within the last few months’ range and has been respecting the key 1.3000 support level. The upward trajectory from multi-decade lows is still in progress and there are no signs of a trend reversal yet. The intra-day bias is to the upside. The short-term neutral trend has been ranging between 1.3026 and […]

Wave summary: The most likely scenario remains, that wave i completed with the test of 1.7408 and wave ii lower to 1.6619 now is developing. Short-term a break below minor support at 1.7209 and more importantly a break below support at 1.7157 is needed to confirm that wave i has peaked and wave ii lower […]

Wave summary: We continue to look for more downside pressure in wave (E) of the huge triangle consolidation. The ideal downside target for wave (E) is seen near 123.43. Short-term, we expect minor resistance near 132.60 to be able to cap the upside for renewed downside pressure through support at 131.14 confirming the expected decline […]

EUR/USD: This pair made an invalid bearish effort last week – while the recent bullish bias remains valid. The price could be seen going upwards this week. There are support lines at 1.1700 and 1.1650, which would try to impede any bearish attempts along the way. USD/CHF: In the last few trading days, the price […]

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. […]

The price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support). Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from. Sell below 112.69. Stop loss is […]

The price has bounced up to our selling area once again and we look to remain bearish and sell on strength below 0.9935 resistance (Multiple Fibonacci retracements, pullback resistance) for a strong push down to at least 0.9847 support (head and shoulders exit potential, swing low support, Fibonacci extension). Stochastic (34,3,1) is seeing major resistance […]

There is no Economic Data will be released when the European market opens, but the US will release the Economic Data, such as Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1801. Strong Resistance:1.1794. Original Resistance: 1.1782. Inner […]

In Asia, Japan will release the All Industries Activity m/m data, and the US will release some Economic Data, such as Existing Home Sales. 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: 113.20. Resistance. 2: 112.98. Resistance. 1: 112.76. Support. […]

The Japanese Yen was optimistic about the information regarding the inability of Angela Merkel to form a coalition in Germany. The risks of repeated parliamentary elections or minority governments increased the market uncertainty and hiked the demand for safe haven assets. As a result, the USD / JPY pair confidently moved to a 1.5-month low, […]