What do Warren Buffett, George Soros and Carl Icahn have in common? They were Great Depression-era babies who went on to become the most successful traders of all time. With a combined net worth of more than $100 billion, these self-made investing pioneers have redefined what’s possible in the world of financial trading. Although all […]

Wave summary: EUR/JPY has finally broken clearly below the short-term important support at 131.60 to confirm that the (D) of the huge triangle consolidation has completed at 134.50 and wave (E) now is developing towards the ideal target near 123.43. The former support at 131.60 has now turned into resistance and will ideally cap the […]

EURUSD is bearish in the short-term but is little changed in the big picture with little signs of a reversal in the underlying bull trend. The market is currently testing the 50-day moving average after breaking below the 23.6% Fibonacci retracement level of the rise from 1.0820 to 1.2091. The intra-day bias is tilted to […]

EUR/USD has been quite bearish recently after bouncing off the event price area of 1.1850. Due to recent Germany political issue, the Eurozone has been affected which lead to volatility in the pair and weakness of EUR against USD recently. ECB President Draghi has been quite positive with the long-term growth and overcoming the current […]

The price is testing strong support at 131.43 (Horizontal swing low support, bullish price action) and we expect to see a corrective bounce pushing price up to at least 132.20 resistance (Fibonacci retracement). Stochastic (34,5,3) is seeing strong support above 6.6% where we expect a corresponding bounce from. Buy above 131.43. Stop loss is at […]

The price is now approaching major support at 84.57 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to push the price up to at least 86.67 resistance (Fibonacci retracement horizontal pullback resistance). Stochastic (34,5,3) is seeing strong support above 6.1% where we expect a bounce from. Buy above […]

When the European market opens, some Economic Data will be released, such as German Buba Monthly Report, German PPI m/m, and the ECB President Draghi Speaks. The US will release the Economic Data, too, such as CB Leading Index m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this […]

In Asia, Japan will release the Trade Balance data, and the US will release some Economic Data, such as CB Leading Index 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: 112.71. Resistance. 2: 112.49. Resistance. 1: 112.27. Support. 1: […]

EUR/USD: This pair went upwards last week, gaining 200 pips and testing the resistance line at 1.1850. Price has retraced a bit, but it could go upwards again to test that resistance line (possibly breaching it to the upside). There are support lines at 1.1700 and 1.1650, which would try to impede any bearish attempts […]

Eurozone The Euro took full advantage of the rise of political risks in the US when it passed the tax reform plan through Congress, restoring half of the losses from the reduction of the last one and a half months, but in order to question the reversal of the trend to the south, something more […]

We could be looking at another week of uneven performance in currencies as holidays in North America encourage profit taking and position adjustments. The best performing currencies this past week were the Japanese Yen and Euro. The weakest currency was the New Zealand dollar, which hasn’t seen a rally in 7 trading days. This is […]

We could be looking at another week of uneven performance in currencies as holidays in North America encourage profit taking and position adjustments. The best performing currencies this past week were the Japanese Yen and Euro. The weakest currency was the New Zealand dollar, which hasn’t seen a rally in 7 trading days. This is […]

We could be looking at another week of uneven performance in currencies as holidays in North America encourage profit taking and position adjustments. The best performing currencies this past week were the Japanese Yen and Euro. The weakest currency was the New Zealand dollar, which hasn’t seen a rally in 7 trading days. This is […]

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How the 1967 devaluation of Sterling killed the GOLD Standard…   THIS WEEKEND will mark 50 years since Harold Wilson’s infamous devaluation of Sterling, writes Adrian Ash at BullionVault.   Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the “Pound in your pocket” hadn’t […]

Housing data out of the US and Canadian inflation numbers did manage to attract some attention during today’s trading though the tone for the day was set earlier with developments on the US political front – most notably a potential connection between the Trump campaign and Russia and progress on the tax story – getting […]

I’m finding some really nice retracement levels and support levels here. Looks like price is also doing that market manipulation thing where it sets up really nicely and wipe out the stops below that major doji about 4-5 bars back. Our stop loss is based on fibs so it’s gonna be just a few pips […]

The first full autumn Budget comes with the British government facing a tough economic situation and a looming Brexit deadline. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, […]

Weekend is almost here, so let’s have a look at the performance of the 8 major currencies. New Zealand Dollar has been on a sharp decline against the Japanese Yen and the pair has lost a total of 1.44%, which is the day’s top move. US stock indexes have opened in the red and a […]

Dukascopy Forex TV Team is back with the Economic Calendar for this week’s first trading day, 20th of November. News flow is light and it starts with a publication of German Producer Price Index for October at 7 AM. Prices were up by point 3% in September and this was the third increase in a […]

Ever heard of little thing called traders psychology? I know everyone and their brother talks about it, but the truth is that is because its arguably one of the most important aspects of trading and being a trader. A lot of people usually parallel traders in their mind with macho, can’t lose type of people. […]

With few exciting data releases on the calendar next week, attention will likely drift to central bank speeches and meeting minutes, developments on the US tax reform front and the UK Autumn budget. RBA, ECB and Fed publish their minutes Three central banks will release the minutes of their recent monetary policy meetings: the Reserve […]

The Dollar index got rejected and reversed from our 95 target as expected. Price is in a bearish short-term trend making lower lows and lower highs. Price could soon start a bounce that could unfold into a bigger move as explained by our alternative wave scenarios yesterday. Blue lines – bearish channel The Dollar index […]

The US Industrial Production jumped a solid 0.9% in October as factory activity recovered from the impact of Hurricanes Harvey and Irma (consensus: 0.5%). New light for the expected growth rate for the fourth quarter threw a massive jump in factory production (1.3% m/m, consensus: 0.6%) which was recorded at its seven-year high. Mining activity […]