The Trump Administration is back in the spotlight with news of a report that Special counsel Robert Mueller’s investigators have issued a subpoena to more than 12 officials in the Trump administration election campaign for documents related to Russia. According to the Wall Street Journal; Mueller’s team issued the subpoena in mid-October, requesting documents and […]

It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out on Friday. Euro/Dollar has seen a bumpy ride and it’s currently between R1 of 1 1830 and S1 of 1 1780. There are 4 models near R1, which is a Bollinger upper band. R2 and R3 both […]

USDCAD has been in a consolidation phase during the last two weeks. The market is soft and is trapped between the 50 and 200-day moving averages. Trend signals are weak and momentum is neutral. The recent bullish bounce found resistance at the 50% Fibonacci of the decline from 1.3793 to 1.2061. Prices are currently pivoting […]

Wave summary: EUR/NZD continues to rally as expected and has now broken above the form top at 1.7216 as the rally higher towards the next target seen at 1.7770 continues. Support is now seen at 1.7201 and again at 1.7121. The latter will ideally protect the downside for the expected rally higher towards 1.7770. R3: […]

Wave summary: No change in view here. We continue to look for more downside pressure towards 131.60 and a clear break below here, will confirm that wave (D) completed with the test of 134.50 and wave (E) now is developing. The ideal target for wave (E) is seen at 123.43. R3: 134.50 R2: 133.89 R1: […]

BITCOIN has reached its record high above $7,800 price level and expected to proceed much higher in the coming days. The recovery was quite massive and impulsive recently which proved once again that Bitcoin can overcome any obstacles coming its way and temporary pullbacks cannot stop the gains of this Cryptocurrency. The corrections along the […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -The EUR, Yen & GBP all strengthen as the Dollar eases. – Is the Yen signalling Risk-off? -Central bankers & Canadian inflation on tap. -India’s symbolic upgrade. -Malaysia grows at +6.3% YoY. -Robert Mueller may have called Trump Officials to appear. -Could the Dollar get left behind? The overnight changes and […]

AUD/JPY has been in an impulsive and non-volatile bearish trend after retesting off the 88.00 level recently. AUD is currently quite weaker in comparison to JPY due to recent worse economic reports which helped JPY to gain impulsive bearish momentum in the pair. Recently AUD Employment Change report was published with decrease figure of 3.7k […]

USD/CHF has been quite bullish recently after bouncing off the 0.9860 support area. USD has been quite mixed with the economic reports this week which did lead to some bullish intervention along the way but was not quite impulsive in nature. Today we do not have any CHF economic reports or events to impact the […]

When the European market opens, some Economic Data will be released, such as Italian Trade Balance and Current Account. The US will release the Economic Data, too, such as Housing Starts and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Housing Starts, and Building Permits. 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: 113.07. Resistance. 2: 112.85. Resistance. 1: 112.63. […]

Get more from your MT4 platform as market expert Boris Schlossberg walks you through the best features of Pepperstone’s Smart Trader Tools. Designed to make your trading easier, faster and more accurate, learn how you can save time with templates, set alerts and more.

GOLD PRICES edged back up to $1280 per ounce on Thursday in London as world stock markets rose for the first session in six.   With gold prices trading just $10 per ounce above the 13-week closing low of week-ending Friday 3 November, so-called “junk bond” prices also rallied with equities.   US corporate bonds […]

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Major currencies were moving sideways during the European session on Thursday as investors were widely anticipating whether Republicans would pass their tax code in the House of Representatives later today. Economic releases out of the Eurozone, the US, the UK, and Canada were also in focus but had a moderate impact on the markets. The […]

USD/CHF has been rising strongly and is starting to hit some strong resistance. Do you think it’ll drop from here for us to bag some pips? The material has been provided by InstaForex Company – www.instaforex.com

Trading can be really confusing right? I mean – S&R, Heinki-Ashi candlesticks, shadows, hammers and retracements – I mean what do those even mean?! Well, I know because I write about them, but not everyone writes about trading on a daily basis. Ok let’s at least set a starting point….see what I did there? Pivot […]

Dukascopy Forex TV Team is back with the FX Movers and Shakers for Thursday, 16th of November. Sterling/New Zealand is the mover of the day with a rise of just point 41%. Most of the gains were posted after 9 AM. UK retail sales report was stronger than expected and Sterling leads the advancers and […]

NZD has been weaker in comparison to USD recently which led to impulsive bearish pressure rejecting off the 0.6980 area. The price was quite indecisive after being pushed by the bulls towards 0.6980 area which turned into a bearish impulsive move amid recent positive economic reports from the US which reversed the market sentiment. Ahead […]

USD/JPY is expected to trade with a bullish outlook above 112.70. The pair is rebounding from 112.45. The bullish cross between 20-period and 50-period moving averages has been identified. The relative strength index advocates for a further upside. Hence, as long as 112.70 holds on the upside, look for a return with targets at 113.50 […]

A sense of cautious optimism was felt across financial markets on Thursday as global stocks edged higher. Sterling modestly appreciated after retail sales beat expectations in October. In the commodity arena, WTI Crude remained shaky while GOLD traded below the $1280 resistance level. Much attention will be directed towards economic data from the States later […]

Mark Carney, Governor of Bank of England, reiterated the need for a transitional process in leaving the European Union. Applying the above solution will minimize the occurrence of shocks not only in the island economy but also in the Euro area. Carney declares that the BoE can use a broad range of instruments if necessary […]

The unemployment rate fell from 5.5% to 5.4%, while the most of market participants expected no change. This is a very good development, with the gradual reduction of spare capacity likely to eventually put pressure on wage growth again. Employment rose a modest 3.7k in October, following an upwardly revised gain of 27k in September […]

It’s time once again for the Dukascopy Midday Snapshot, where we take a look at trader performance over the 12 hours to midday. Euro/Dollar has traded in a total range of just 44 pips, but the pair sees an average amount of funds. Most of the traders have been in short positions, sentiment is bearish. […]

EURAUD has posted a strong rally over the week, flying from 1.5081 to a five-month high of 1.5605 (+3.50%) on early Wednesday. However, the pair paused its steep uptrend soon after as the market became overbought, retracing the 23.6% Fibonacci level of the aforementioned upleg at 1.5480. The short-term bias in the four-hour chart remains bullish given that EURAUD is […]