GBP/JPY is under pressure and expected to continue the downside movement. The pair is under pressure below the key resistance at 148.95, which should maintain the upside potential. The relative strength index is bearish below its neutrality level at 50 and lacks upward momentum. Therefore, as long as 148.95 holds on the upside, look for […]

Fresh political instability in the UK, allied with a lack of progress with Brexit. MPs are trying to oust PM May. Central bank event hosted by ECB, comments expected from Fed, BOE, BOJ and ECB. CPI from global economies will dictate currency moves. You can view this video and the full video archive on the […]

Dukascopy Forex TV Team is back with this week’s first edition of the FX Movers and Shakers. Kiwi Dollar took a slide against the Japanese Yen after 5 AM and the pair has lost a total of point 54% to post the day’s biggest move. US stock indexes have opened lower and a safe-haven Japanese […]

GOLD PRICES traded in a narrow $5 range above last week’s close on Monday morning in London as expectations held firm for a US Fed rate hike next month and the British Pound dropped amid fresh doubts over Prime Minister Theresa May’s leadership, writes Steffen Grosshauser at BullionVault.   Gold prices climbed to $1279 per […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $5,636. Gavin Andresen is the latest significant player in bitcoin to pledge support for bitcoin cash, referring to it as the chain most true to Satoshi’s original vision. In a tweet published on the 12th of November, Andresen has […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1669. According to the 15M time – frame, I found testing of Friday’s high at the price of 1.1675, which is a sign that buying looks risky. I also found overbought conditions on the stochastic oscillator, which is sign of weakness. My advice […]

NZD/USD is Under pressure and expected to trade in a lower range. The pair is clearly in a down trend, and also remains under pressure below its key resistance at 0.6950. Both the 20-period and 50-period moving averages are heading downward now, and should continue to push the prices lower. Last but not least, the […]

Recently, GOLD has been trading sideways at the price of $1,277.45. According to the 30M time – frame, I found broken intraday bearish flag below the pivot level ($1,278.75), which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My […]

This week’s event is Tuesday’s presentation of the four major global central banks (the Fed, the ECB, Bank of England, Bank of Japan) at the European Central Bank’s “Challenges in Policy Effectiveness, Responsibility, and Reputation Communication” conference in Frankfurt, Germany. Discussion can be an opportunity (planned?) for coordinated action by the central bankers on the […]

The Federal Budget Balance data measures the difference in value between the federal government’s income and spending during the previous month. The October budget statement from the Treasury will mark the beginning of the fiscal year 2018. During the fiscal year 2017, the budget deficit increased to $666 bn, from $586 bn during the previous […]

This seems to be an inexhaustible argument amongst brokers and traders – fixed or variable/floating spreads.  When choosing a broker, a significant consideration should be trading conditions – which includes the type of spreads. The cost of spreads can add up, cutting into your bottom line, so let’s take a look at which is better: […]

Hello, traders, you’re watching the Dukascopy Economic Calendar for Tuesday, the 14th of November. The closely watched preliminary reading of German third quarter GDP is up first at 7 AM, and the German economy continued to grow in the second quarter, albeit at a slower pace than the point 6% gain at the beginning of […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku.

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Daily financial news by- Binary.com- November 13th, 2017

GOLD has been maintaining a neutral bias for just over a month now after entering a consolidation phase. The downtrend from a multi-month high at 1357.47 has not shown signs of reversal yet as the market remains well below the mid-point of this decline to 1260.59. Prices are currently trapped below the 23.6% Fibonacci retracement […]

Overview: The market opened below the first resistance 1 (1.1665). It continued to move downwards from the level of 1.1665 to the bottom around 1.1640. Today, the first resistance level is seen at 1.1665 followed by 1.1737, while daily support 1 is seen at 1.1535. The EUR/USD pair broke support which turned into strong resistance […]

Overview: Since last week the GBP/USD pair is still moving upwards above the level of 1.3017. The first support level is currently seen at 1.3017. The price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at the level of 1.3017, which coincides with the 61.8% Fibonacci […]

It’s time for this week`s first Dukascopy Spike Controller report, providing you with the benchmark interbank price data. Euro/Dollar’s long term average spread is point 31 pips and maximum separation has been 1.2 pips. The pair has slipped from the high of 1 1667 by a total of point 26%, which translates into 30 pips. […]

In Asian equities, the Japanese Nikkei 225 and Topix Indices finished the day lower by 1.3% and 0.9% respectively, further distancing themselves from the multi-decade highs recorded last week. The Nikkei recorded its worst daily performance since May. Hong Kong’s Hang Seng added 0.2% to finish at its highest in almost ten years and 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 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. […]

In an official statement released on Thursday, Tom Zander praised BitcoinCash and said that its value means that BITCOIN Classic’s performance would be more than that, believing that within half a year BTC would stop adding “Cash” and that we would start calling it a new ” Bitcoin. Bitcoin Cash increased its value by 35% […]

Monday’s opening brings the sale of the British Pound under the influence of the weekend press. The Nikkei225 marks a sudden drop, pulling in USD/JPY and giving a negative signal to the markets in Europe. The fall on the Japanese stock exchange woke up the GOLD bears. The ounce price rises to $1,277 from $1,273 […]

1. At the end of last week, the dollar couldn’t strengthen further. US traders look out for the key US eco data later this week, including CPI and retail sales. Weak data won’t derail a Fed rate hike, but might still weigh on the USD. Sterling is again under pressure as Conservative PM’s are said […]

Forex markets were relatively quiet on Monday as economic releases were limited. However, political challenges in the UK during the weekend, pressured the Pound, while the dollar managed to gain ground as investors were widely expecting a third Fed rate hike despite continuing uncertainties around the US tax overhaul lingering in the background. An article published in the Sunday Times over the weekend […]