Seventh in terms of population Eurozone country released a GDP growth of 8.8% in the third quarter of 2017 (8.6% in the non-adjusted season). This is a surprising result for economists as the market consensus was up by “only” 5.8%, which was a slight slowdown compared to 6.1% in the second quarter. In terms of […]

GOLD PRICES jumped to 4-week highs against a weakening US Dollar in London trade Wednesday lunchtime, reaching $1288 per ounce as world stock markets followed Wall Street lower for the 5th session running.   New data today showed US inflation holding at the Federal Reserve’s 2.0% annual target in October, while retail sales rose 4.6% […]

So you are a new trader – you see every broker and their brother (do brokers have brothers?) offering a demo account with virtual funds, allowing you test the waters of trading.   While a great (and by now standard) service, is a demo account actually helpful for new traders? Yes and no, the biggest […]

USD/CAD has been quite bearish and corrective recently due to positive economic reports of CAD supporting the gains of the currency against USD in the existing bullish trend. USD has been the dominant currency in the pair since September despite the Rate Hike in CAD from 0.75% to 1.0%. Currently, the market sentiment is looking […]

This is another Midday Snapshot brought to you by the Dukascopy TV Team. Here’s a look at how market participants have fared over the morning session. Euro/Dollar shot up by 68 pips after 6 AM and a gain of point 47% has been posted. Traded volume is extremely high and sentiment of the traders is […]

Inflation readings on Tuesday suggested that British pockets will remain squeezed ahead of the Christmas shopping season, as consumer prices continued growing steadily by 3.0% in October, potentially flagging another disappointing month for retailers. With Brexit negotiations trapped in a deadlock and British real wage growth showing no signs of a significant rise, annual retail sales in October are […]

EURJPY is neutral in the medium term but in a shorter time frame the pair is in a bullish phase. The market has been consolidating gains made after a rally took EURJPY to the mid-134 handle, the highest level since November 2015. Since the end of September, prices have been moving sideways in a range with […]

EUR/USD: The EUR/USD pair went upwards significantly yesterday – just as it was forecasted. Price has gained about 180 pips this week, and it is now above the support line at 1.1800, now targeting the resistance line at 1.1850. Price would still move upwards by at least, another 100 pips this week, but there could […]

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. Recent bearish pullback was executed […]

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. […]

Morning Report: 07.00 London This morning, the Japanese Yen is in demand, pushing the yen pairs lower. Japanese GDP came in slightly below estimates last night, but it still marked the longest run of unbroken expansion since 2001. The AUD/JPY is the biggest mover, down 0.89%, with other yen pairs in the red. The Australian […]

We’re halfway through the trading week and you’re watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 24 pips and both of the sides separated by 1 and a half pips during the past 4 hours. Single currency has been on a bullish run, the pair broke through the 1 18 level […]

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

The Russian ruble seems to have run out of luck. Yesterday, the currency lost 1.5% against the dollar and 2.5% against the Euro, with this drop coming in as a result of several negative factors. The API reported an increase in Oil inventories, which may be confirmed later in the day in the official report. […]

On 9th December, XM will be hosting a seminar with free participation in Athens, Greece, where we look forward to welcoming online investors interested in learning about CFD trading on the MT5 platform. All those who join our seminar will receive a joint presentation of Avramis Despotis and Charalambos Spyridis on the concept and practical […]

Major Asian Indices extended yesterday’s decline during today’s trading with some of them recording sizable losses. In Japan, The Nikkei 225 and the Topix fell by 1.6% and 2.0% respectively, further distancing themselves from last week’s multi-decade high closes. The Topix, which more broadly gauges Japanese equity performance, slid for the fifth straight day for […]

Overview: The NZD/USD pair is moving around the spot of 0.6891 (daily pivot point). It should be noted that the resistance is established at the level of 0.6891 which represents a pivot point. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.6860. The price has been in […]

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

Technical outlook: The EUR/USD pair has rallied before printing a low below 1.1550 levels recently. It is now facing the 50% fibonacci resistance of the entire drop between 1.2090 through 1.1550 levels respectively. Still at least two probable wave counts are coming up. If the entire drop between 1.2092 and 1.1550 levels should be considered […]

On Wednesday, the dollar performed poorly relative to its major counterparts in Asia, failing to recover on the back of a stronger Euro and on continued concerns on the future of the US tax overhaul. Its Australian peer, however, was the worst performer during the session, as wage growth readings out of the country missed expectations. The […]

Producer prices rose 0.4% in October. The growth is similar to the September index and exceeded the forecasts of experts expecting an increase of + 0.2%. On an annual basis, growth was at 2.8% vs. 2.6% in September. This is the highest level since 2012. A confident recovery in production prices shows the potential for […]

Tim Draper, a technical investor who has helped create companies such as Skype, Tesla and Twitter, has a reason to praise BITCOIN because its $ 20 million digital currency investment has grown by over 1,000 percent in just three years. Draper predicts that in five years the fiat currency will be so outdated that it […]

There are a lot of chances that the Dollar index has more upside if the current decline is wave A or wave 2. Today we are going to talk about this scenario and when it gets canceled. However our primary scenario remains the one where the entire upward corrective wave has been completed and we […]

Risk aversion continues to increase. Particularly clear is the pressure on commodity markets. In addition, there is a lot of doubt about the reform of the US tax system. EUR/USD after yesterday 1.0% shot to 1.18 remains close to this barrier. USD / JPY is heading towards 112.94, which cannot be surprising, as the Asian […]

GOLD price continues to trade above the 4 hour Ichimoku cloud. Trend is bullish in Ichimoku terms, but price is mainly moving sideways and has not yet convincingly broken above the critical short-term resistance. Blue lines – sideways channel Short-term support is at $1,278 and resistance at $1,288. Price is trading above the 4 hour […]