In Asia, Tokyo’s Topix Index declined by 0.20%, while the Nikkei 225 was trading 0.60% lower amid losses on Wall Street due to tax uncertainties in the US and a stronger Yen. Chinese stocks rebounded despite the PBOC unveiling new regulations to mitigate financial risks in the asset management industry after investors realized that the new rules would take […]

GOLD has shifted to a more bullish bias in the near-term after strong upside momentum last Friday pushed the metal above a key Fibonacci level. On the 4-hour chart, a bullish signal was given by the crossover of the 50-period moving average above the 200-MA. On Friday, prices rallied after a break above the 23.6% […]

Let’s see which news releases stand out on Tuesday, the 21st of November. This is the Economic Calendar. Swiss Trade Balance for October is up first at 7 AM, and trade surplus widened more than expected in September as imports fell faster than exports. Aussie Dollar traders may want to tune in at 9:05 when […]

Technical outlook: The EUR/USD pair is still into its corrective rally that began from 1.1550 levels earlier. It has clearly bounced right at the back side of the trend line resistance as seen here and producing a morning star since then. The overall wave count is still offering 2 probable scenarios. Higher probability scenario suggests […]

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This November, XM embarked on a seminar tour in collaboration with Tradepedia’s Avramis Despotis to visit as many as three cities in Australia, the last destination of which was the city of Perth, where we had the pleasure to meet with our existing and new clients in person on 18th November. After visiting Melbourne and […]

Overview The GBP/JPY pair lost its positive momentum, which forces it to provide new sideways trading, approaching the support at 147.35. The stability of the moving average 55 near this support increases its strength against the current trading, which decreases the possibility of suffering new unexpected losses. Therefore, we will keep waiting for gathering new […]

Overview The USD/JPY pair resumed its trading lower after confirming a break of 23.6% Fibonacci correction level at 113.00 to reach the second correctional level at 111.90 which represents 38.2% Fibonacci correction level for the rise from 107.31 to 114.73. This urges caution from the nearest trading as breaking this level will push the price […]

Overview GOLD price succeeded to reach our first expected target at 1,299.20, showing that a slight bearish bias is now affected by stochastic negativity. The metal is waiting to gain enough positive momentum to push the price to breach the mentioned level and open the way towards 1,321.50 that represents our next main target. In […]

Overview Silver price succeeded to reach our first target at 17.43, reinforcing the expectations of a further bullish trend on the intraday- and short-term basis. We are waiting until this level is breached to confirm that the bullish wave is extended towards 18.30. Please be aware that the EMA50 provides the positive support to the […]

In mid-November 2017, Zimbabwe’s military made a coup, which led to a further rise in BITCOIN‘s prices on local exchanges. Army Zimbabwe attacked Harare on November 14 after a week of confrontation with President Robert Mugabe’s administration. According to the army, this movement was aimed at preventing a civil war. It is worth adding that […]

Morning Report: 07.00 London This morning, the Euro has been hit hard by the breakdown of talks to form a ruling German coalition, triggering fresh elections. The EUR/USD and EUR/GBP have gapped lower, with the former down 0.43%. Meanwhile, the EUR/JPY is at its lowest levels since September. By contrast, the GBP/USD is performing well, […]

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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…

The Euro was the worst performer among its major peers on Monday after German negotiations to form a coalition government broke down during the weekend. Consequently, the dollar index jumped on the news, but the Yen might attract investors’ attention this week as the future of the US tax overhaul is still unclear. The German Chancellor, Angela […]

Trading plan for 20/11/2017: The new week starts with the Euro depreciation in response to overnight reports from Germany about the break of coalition talks.The press service has concluded that the impasse in the talks could lead to accelerated choices. EUR/USD lost at the start of 50 pips and dropped to 1.1730. On the other […]

The Dollar index has stopped at the 38% Fibonacci retracement support as we noted in our latest analysis. This is a good support are where we could at least see a trade-able bounce. The Dollar index could still make a new lower low towards 93 before the bounce, but overall we should not ignore the […]

The GOLD price has once again reached the upper boundary of the short-term trading range it is in since late October. The price action, however, does not look impulsive so far as the form of the rise is full of overlapping three-wave structures. This implies that this upward move is part of a bigger downward […]

Europe’s longest-serving leader is currently standing on the abyss of an uncertain future.  Angela Merkel’s attempt to form a coalition with the Free Market Liberal party(FDP) collapsed over the weekend with the FDP walking out and with its leader saying there was no “basis of trust” to form a new German government.   The failed […]

Good Monday morning, the Dukascopy TV team is here with this week’s first Main Daily Trading Signals. Euro/Dollar sees 5 neutral signals on its hourly chart. The mid-term is mostly bearish and the long-term is back to neutral. The interbank is neutral as well at less than 14% long, matching the 1 and 24-hour models. […]

Breaking forecast 11/20/2017Merkel can not form a government: EURUSD is ready for a decline.The main news on Monday: German Chancellor Merkel announced a failure in the formation of a coalition government.The Euro fell to 1.1725 and is prepared for a new fall.Sell EURUSD from 1.1760.In the case of unexpected news that everything has changed and […]

Wave summary: We have seen a nice rally above 1.7216, but something is not right… The momentum indicators are not confirming the rally, which had us review the rally from 1.5227. The rally from 1.5227 to 1.7408 could be counted as a complete impulsive rally (see above) If this is correct, then a deeper corrective […]

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar has opened lower and now stands below R1 of 1 1750 and above S1 of 1 1720. R2 is well confirmed with 11 technicals, including a 50 day moving average, and Bollinger Upper Band is […]

Speaking at the Frankfurt European Banking Congress, ECB President Mario Draghi, commented that “although the eurozone economy was robust” recovery was still heavily reliant on stimulus from the European Central Bank. He stated that positive economic growth alone was not enough to allow the ECB to increase the pace of monetary policy normalization. The current […]