Economic data will move to the forefront next week as the focus moves away from central bank meetings to price, employment and consumer spending indicators. Canada, the Eurozone, the UK and the US all release CPI numbers. Jobs reports are due from Australia and the UK, and retail sales figures will be published in China, […]
Latest News
Let’s find out how successful morning session has been for the currency traders on this week’s last trading day. Euro/Dollar has walked in a total range of just 39 pips, but the pair sees 32% more than typical funds. Neutral sentiment is at an even balance. Both sides have had only limited profit opportunities due […]
Weekly Forex Outlook: 10/11/2017 – Dollar hurt by tax worries; focus to turn back to data
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.
Gold Prices +1.1% for Week Even as Real US Rates Rise Amid Junk Bond Sell-Off, Saudi Tensions
GOLD PRICES slipped but held 1.1% higher from last Friday’s 13-week closing low in Dollar terms today as world equities followed Wall Street further below the stock market’s recent all-time highs. Silver held the same weekly gain at $17.02 per ounce, while platinum prices traded 1.7% higher from last Friday above $936. Crude […]
Technical Analysis – EURCHF hits three-week low; bears still active in the short-term
EURCHF has been making lower tops and bottoms since October 26, stretching its downtrend to a three-week low of 1.1526 on Thursday. The pair is currently trading with a neutral bias on the four-hour chart, but risks remain to the downside in the short-term. The pair is capped by the 20-period MA below the Ichimoku cloud, sending bearish […]
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1662. According to the 15M timeframe, I found a fake breakout of yesterday’s high at the price of 1.1655, which is a sign that buying looks risky today. I also found a confirmation of a fake breakout in the background, which […]
This week the inflation data from the US and UK will be closely watched. 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, ETX is a member of the […]
Trump Tax Failure Hurts USD
Fresh political instability in the UK, allied with a lack of progress with Brexit. RBNZ surprisingly hawkish at their monetary policy decision. Reports suggesting corporate tax cuts to be delayed until 2019. Technical levels to be aware of for GBPUSD, EURUSD, USDJPY. You can view this video and the full video archive on the Dukascopy […]
Dukascopy Forex TV Team brings you yet another Spike Controller, so you could assess the fairness of your broker on this week`s last trading day. Euro/Dollar’s long term average spread is point 26 pips and peak separation has been 2.6 pips. The pair has moved further above the 1 16 level, gaining point 54% or […]
Overview: The NZD/USD pair tested the level of 0.6933 on the H1 chart. This pair will probably continue to move upwards from the level of 0.6933. However, the first resistance level is seen at 0.6963 followed by 0.6981 and 0.7003, while the weekly support 1 is seen at 0.6889 (major support this week). According to […]
Overview: Yetserday, the trend of USD/CHF pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.9938 and 1.0037. Also, the daily resistance and support are seen at the levels of 1.0037 and […]
NZD/USD Intraday technical levels and trading recommendations for November 10, 2017
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 […]
Intraday technical levels and trading recommendations for EUR/USD for November 10, 2017
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. […]
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 10th, 2017
Stock Market News (European Open) – Europe in red, though losses contained; US tax story remains a major driver of sentiment
Following yesterday’s sharp reversal that saw the Japanese Nikkei 225 and Topix Indices retreat from multi-decade highs, the two benchmarks extended losses today, finishing lower by 0.8% and 0.7% respectively. Hong Kong’s Hang Seng lost 0.05%, staying near its highest in almost 10 years, while the Shanghai Composite added 0.2% to record a near two-year […]
Technical Analysis: 10/11/2017 – GBPUSD stuck in range, maintains neutral outlook
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
BITCOIN has been quite corrective recently after bouncing off the $7,800 area due to cancellation of the fork that was about to happen in the upcoming week. The market is still going through the effect of cancellation and this event is weighting on the Bitcoin whereas the impact is expected to be very short in […]
Forex News: 10/11/2017 – Dollar, risk sentiment down on possible delay to corporate tax cut
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Technical Analysis – GBPJPY maintains neutral bias with near-term risk titled to the downside
GBPJPY has been neutral since peaking at 152.85 in September, consolidating in a broad range above the mid-point of the rise from 141.34 to 152.85. Near-term risk is tilted to the downside as the market has dropped below the 200-moving average on the 4-hour chart. Immediate support is at 148.40, which is the 38.2% Fibonacci […]
Forex Market Review (Asian Session) – Dollar weakens as Senate delays tax-cuts; aussie slips after RBA cuts inflation forecasts
US tax legislation was the main headline during today’s Asian session after the US Senate flagged a delay in corporate tax cuts on Thursday, pushing the dollar lower against its counterparts. Meanwhile, the aussie posted moderate losses after the RBA downgraded its forecasts on inflation. While the US President continues his trip in Asia, his team back in the US faces […]
The Dollar index has entered the Ichimoku cloud. Trend has changed to neutral. However medium-term trend remains bullish as price is making higher highs and higher lows. Blue line – trend line support The Dollar index short-term trend is neutral as price has entered inside the Ichimoku cloud. Support is at the lower cloud boundary […]
GOLD price is trading around its important short-term resistance area of $1,283-87. There is no clear break out above the resistance area as price has stuck around here. There are some Fibonacci retracement resistance levels here that are important and should not be ignored. Gold price is trading above the 4-hour Ichimoku cloud. Cloud support […]
Morning Report: 07.00 London This morning, the US dollar is weaker again on concerns that US tax cut reforms will be delayed. The USD/JPY dropped significantly yesterday, though is making small gains this morning, mainly on the back of a weaker Yen. The dollar pairs are mixed, with the GBP/USD enjoying a positive start alongside […]
It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out. Euro/Dollar has gained some ground and now stands between R1 of 1 1660 and S1 of 1 1630. The lowest resistance line has found 9 matches, and R2 is a 20 day moving average with 4 confirmations. […]
Trading plan 11/10/2017
Trading plan 11/10/2017 General picture: There is no important news, the market is determined with the direction. The week that is “empty” of news ends. EURUSD made an attempt to start rising on Thursday – having overcome the difficult level of 1.1625 to the top. The picture on the Euro now looks so that 1.1550 […]