GOLD PRICES fell against a rising US Dollar on Thursday but erased this week’s earlier 0.7% loss versus the Euro currency as the European Central Bank unveiled a smaller than expected “taper” of its quantitative easing program. Vowing to keep its zero and negative interest-rate policy unchanged “for an extended period [and] well past […]
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It`s time for the Midday Snapshot where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar rose by 59 pips to climb back above the 1 16 level. This pair sees 43% more than typical funds and most of those have been driven by […]
The decision to leave the interest rates unchanged was largely expected. The bank also lifted its inflation forecasts to factor in the impact of new government policies and a weaker currency. At the press conference, Acting Reserve Bank Governor Grant Spencer said proposed Government changes would have little effect on the Bank’s thinking in current […]
There are just three rounds of negotiations before December’s EU summit, where EU leaders will have to decide (again) if sufficient progress has been made. Except for the recent “dovish hike” by Bank of England and self-evident Brexit uncertainty. the negotiations might have an impact on the British Pound exchange rate as well as the […]
Technical Analysis – Japan 225 index remains bullish despite reversal from multi-decade high; looks overstretched in short-term
The Japanese 225 index hit a multi-decade high of 23,414 earlier in the day before reversing to last stand 0.9% lower relative to yesterday’s close. Despite the decline, the index remains bullish in the short-term as indicated by technical indicators. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to bullish […]
Technical Analysis – NZDUSD tracking higher after bouncing off multi-month low
NZDUSD made a recovery off the 0.6817 area, which is a level at the bottom of a multi-month range. On the 4-hour chart, the pair is slowly tracking higher in a slow sideways range. But the short-term outlook is looking bullish after a bullish signal was given by the crossing of the 20 and 50-period […]
High spreads can hurt profits, so keep watching the Dukascopy Spike Controller to access the benchmark interbank stats for this Thursday. Euro/Dollar’s long term average spread is point 28 pips and peak separation has been a single pip. The pair has walked in a relatively narrow range of 37 pips and the biggest move was […]
Technical Analysis: 09/11/2017 – USDCAD turns neutral in short- and medium-term
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Stock Market News (European Open) – European stocks edge slightly lower; Japanese equities reverse gains; Nvidia eyed
In an unusual day for Japanese equities, the Nikkei 225 finished the day lower by 0.2% and the Topix down by 0.25%. Earlier in the day, the Nikkei and the Topix added 2.0% and 1.5% at their highest, with the former exceeding the 23,000 mark for the first time since January 1992. While it wasn’t […]
Forex News: 09/11/2017 – Dollar weighed by tax plan worries; kiwi jumps after RBNZ
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Forex News: 09/11/2017 – Dollar weighed by tax plan worries; kiwi jumps after RBNZ
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…
Forex Market Review (Asian Session) – Kiwi rallies as RBNZ signals faster inflation; aussie climbs on Chinese inflation
The kiwi recorded a strong rebound on late Wednesday, flying to a two-week high after the RBNZ left rates unchanged but raised expectations that future hikes might emerge earlier than anticipated. The aussie posted some gains early on Thursday as China, Australia’s main export partner, released stronger than projected annual CPI figures. As it was mainly expected, the […]
EUR/USD: The EUR/USD is consolidating in the context of a downtrend. There would be a rise in volatility today or tomorrow, which would most probably be in favor of bears. Price may reach the support lines at 1.1550 and 1.1500. Price is currently below the resistance line at 1.1600. USD/CHF: The USD/CHF is moving sideways […]
Bitcoin analysis for 09/11/2017
A message from Mike Belshe, the chief spokesman, said it was “clear” that the project “did not reach enough consensus to make a clean upgrade of the blocks right now.” Belshe’s post states that “the Segwit2x effort began in May with a simple purpose: to increase the blocksize and improve BITCOIN scalability. At the time, […]
Trading plan for 09/11/2017
Surprising reversals in asset prices remain a key theme for this week. The sudden drop of the Nikkei 225 was followed by USD/JPY and other Dollar caresses. EUR/USD jumped to 1.1610. Reserve Bank of New Zealand gave a positive boost to NZD when it left the interest rates unchanged at 1.75%. Risk aversion led USD/CHF […]
The Dollar index has broken the short-term bullish channel and has entered the 4-hour Kumo (cloud) support area. Trend has changed from bullish to neutral. The Dollar index is showing reversal signs off important medium-term resistance. Blue lines – bullish channel The Dollar index is about to enter the 4-hour Ichimoku cloud. This will change […]
AUD/JPY has been very volatile and corrective at the edge of 87.30-50 event area. AUD has been struggling with the mixed economic reports whereas JPY is also found to be facing hard times with recently published worse economic reports. Today Japan’s Bank Lending report was published with a decreased value at 2.8% from the previous […]
GOLD price has been making higher highs and higher lows since a pullback from the low at $1,263. The short-term trend has changed to bullish and is challenging important resistance at $1,283-86. Gold is in a bullish short-term trend as long as price is above $1,272. Blue lines – bullish channel Red rectangle – short-term […]
Good morning, traders, the Dukascopy TV team is here with Thursday’s Main Daily Trading Signals. All three time ranges bring different results for the Euro/Dollar, which sees 5 bullish models in the short-term and 5 neutral signals in the long-term. The daily outlook is overwhelmingly bearish, but the interbank is neutral at less than 4% […]
Last minute burning forecast 09.11.2017 EURUSD is prepared for a strong move. There is complete lull on the market because there are still no important news. The EURUSD pair showed a very rare intraday consolidation – for almost a day, the movement stood in the range of 1.1580 – 1.1605 – a break of the […]
Good morning, traders, the Dukascopy TV team is here with Thursday’s Support and Resistance Level Report. We start with trader’s favourite pair, the Euro/Dollar, which stands between R1 of 1 1610 and S1 of 1 1580. R1 is the most confirmed resistance line with 19 studies, and R2 is a 100 day moving average with […]
Kiwi Gets a Boost
Earlier today the Reserve Bank of New Zealand (RBNZ) left their Official Cash Rate (OCR) unchanged at a record low of 1.75% – as the markets had forecast. More importantly was the RBNZ revising inflation forecasts upwards, which is likely to signal an increase in interest rates earlier than previously predicted. RBNZ acting Governor Spencer […]
Technical Analysis – USDJPY neutral in short-term after bullish phase stalls at top of broader range
USDJPY has been range-bound during the past 2 weeks, trading at the top of a broader 7-month range. The short-term bullish phase has lost momentum as indicated by the RSI. The pair has been trading within a range of 112.95 and 114.73 since October 23 following a steady rise off the 108.00 area. Ichimoku cloud […]
Wave summary: EUR/NZD continues to follow the expected path lower towards the ideal downside target at 1.6545 from where a new impulsive rally towards 1.7770 is expected. Short-term minor resistance is seen at 1.6750 and a break above here will be the first indication that wave ii has completed and wave iii higher is developing. […]