Interesting comments from Mario Draghi has hit the newswires. Mario Draghi, the president of the ECB, points out in his speech at the Frankfurt European Banking Congress “Europe into a New Era – How to Seize the Opportunities” that a change in the pace of buying-in is signaling an inevitable end to European slack. In […]

Yesterday, the ruble managed to keep resistance levels at 60.50 for USDRUB. During the day, the currency pair lost 0.9%, down to 59.68, as Oil fell by 1.3% to $61.10 per barrel (Brent). This could be viewed as a clear sign of the Russian currency’s strength, as its movements occurred alongside a decline in oil […]

GOLD PRICE gains of 0.5% from last Friday’s finish held firm in London trade today as world stock markets recovered more of this week’s drop and Commodities also rallied after falling from their recent multi-year highs.   Gold held at $1282, some $5 per ounce below Wednesday’s attempt at 4-week highs versus the US Dollar. […]

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.

International organizations including the International Monetary Fund and the World Bank have been warning of dangerous debt levels in China. A debt crisis in the world’s second largest economy might seem like a frightening prospect for the rest of the world, however a closer look reveals that under the current state of affairs, one such […]

AUDNZD followed a downtrend from a 1½ -year high of 1.1288 reached on October 24 to a one-month low of 1.0986 on November 15. Currently, the pair is consolidating around 1.1120, but if the market fails to post a lower low, then the risk would shift to the upside. The technical indicators give bullish signals in the short-term. The […]

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 advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed towards […]

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. […]

Overview: The swissy frranc faces resistance at the level of 0.9910, while the strong resistance is seen at 0.9966. Support levels are found at the 0.9870 and 0.9782. Today, the USD/CHF pair continues to move downwards from 0.9910. The pair could fall from 0.9910 level to the first support around 0.9870. In consequence, if the […]

Overview: As expected the NZD/USD pair continues to move downwards from the level of 0.6800. Yesterday, the pair dropped from the level of 0.6800 to the bottom around 0.6779. Today, the first resistance level is seen at 0.6800 followed by 0.6943, while daily support 1 is seen at 0.6779. According to the previous events, the […]

Don`t let your guard down on this week`s last trading day and keep checking your broker`s fairness by watching the Dukascopy Spike Controller. A quarter of a pip is the long term average spread for the Euro/Dollar. Peak separation has been 1.2 pips. The pair has pushed higher, gaining point 55% or 65 pips to […]

GBPJPY has a neutral bias in the short term and has been pivoting around the 149.00 level. Momentum is very weak in the market and this is indicated by the flat RSI. The 50 and 200-period moving averages on the 4-hour chart are converging and a bearish crossover is imminent. Near-term risk is tilted to […]

In Asian equities, the Japanese Nikkei 225 and Topix Indices managed to extend yesterday’s gains though their advancing was subdued; the Nikkei added 0.2% and the Topix 0.1%. Both benchmarks rose by more than 1% earlier in the day, before retreating to stand only slightly higher on the day. Moreover, they are both lower on […]

EUR/USD: The EUR/USD rallied significantly this week, to test the resistance line at 1.1850. After that, there has been a slight bearish correction as price moves sideways. However, it is expected that price would resume its bullish journey and test the resistance line at 1.1850 again, breach it to the upside, and aim for another […]

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1. The U.S. dollar moved lower against other major currencies on Friday, but losses were expected to remain limited after an important U.S. tax reform bill was passed by the House of Representatives. The U.S. House of Representatives on Thursday approved a broad package of tax cuts, which will now be debated by the Senate. […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Morning Report: 07.00 London The dollar index is on the back foot this morning on talk of Trump team members being under subpoena as part of the investigation into Russian interference. Yesterday’s poor jobless claims data has not helped. The weak Euro has helped some dollar pairs, notably the GBP/USD and EUR/USD which are climbing […]

The dollar opened weaker on Friday in Asia on news that several officials from Trump’s campaign were subpoenaed for Russia-linked documents despite markets relief on the US tax story after lawmakers approved the tax plan in the House of Representatives. Consequently, investors turned risk-averse during the session, pushing the safe-haven assets higher. According to the Wall Street Journal on Thursday, […]

Ukraine is consistently pursuing the legalization of BITCOIN in the country. On October 30, Nina Yuzhanin, Chair of the Commission for Tax and Customs Affairs, submitted a draft law amending the tax codes of Ukraine covering cryptocurrency and their derivatives. Under the law, any income and profits from the digital currency will be tax exempt, […]

Technical outlook: The EUR/USD pair still remains under the probable count of a leading diagonal wave (1) and probable wave (2) at least for now as labelled here. The most probable wave direction is looking towards the south side at least until 1.1670/80 levels. As discussed yesterday, let us please look into an alternative wave […]

With the start of the Asian session, the US Dollar was under pressure, though it was not easy to find a sales catalyst. EUR/USD has bounced above 1.18, USD/JPY has fallen to 112.50. But already the AUD/USD and NZD/USD have been lowered, and the declines are now deepening to 0.7560 and 0.6840, respectively. This suggests […]

GOLD price continues to trade sideways. Trend remains neutral as Gold price is moving above and below the Ichimoku cloud in an overlapping structure. Gold price is vulnerable to the downside but I remain longer-term bullish. Blue lines – sideways channel Gold price is above the Ichimoku cloud. However this does not give us a […]

It’s time for Friday’s Daily Trading Signals. Here’s how the interbank sentiment compares with the technical studies on this last day of the trading week. Euro/Dollar’s short term models are mostly neutral. Mid term brings 4 sell prompts and daily scale is mixed. Interbank sentiment is neutral at less than 15% long, just like the […]

Last minute burning forecast 17.11.2017 EURUSD: Buying from the rollback. There were no important news for the market on Thursday. The EURUSD pair showed a normal correction to its previous growth, and shows a readiness to grow further. Aggressive traders can buy directly at current prices (1.1813 at the time of review). Buy from the […]