Between the monetary policy announcements from the Federal Reserve, the Bank of England and the release of employment reports from the U.S., Canada and New Zealand, it was a busy and exciting week in the foreign exchange market. However despite all of these big events, there was actually very little change in the major currencies. […]

Between the monetary policy announcements from the Federal Reserve, the Bank of England and the release of employment reports from the U.S., Canada and New Zealand, it was a busy and exciting week in the foreign exchange market. However despite all of these big events, there was actually very little change in the major currencies. […]

Between the monetary policy announcements from the Federal Reserve, the Bank of England and the release of employment reports from the U.S., Canada and New Zealand, it was a busy and exciting week in the foreign exchange market. However despite all of these big events, there was actually very little change in the major currencies. […]

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 Weekly market outlook by- Binary.com October 5th, 2017

The main currency pair has outlined the boundaries of the medium-term trading range and is not going to leave it until the new driver is just around the corner. What can make the EUR/USD pair break above 1,188? Most likely, a sharp acceleration of European inflation, which will compel the ECB to make adjustments to […]

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Bank of England raised rates very cautiously with dovish rhetoric, weighing on GBP. FOMC notes growth is solid, leaving door open for hike in December. Bank of Japan cuts inflation forecasts and to remain ultra easy with policy. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#224732 Смотрите […]

Sony released Playstation 2, Bill Gates left his CEO position in Microsoft and George W Bush defeated Al Gore in US presidential election. All of these events took place in year 2000 and it’s also the last time when the US unemployment rate was as low as it was in this October. Australia/Canada was flat […]

The Reserve Bank of Australia is due to announce its latest policy decision on Tuesday amid a mixed outlook for the economy. Australia’s central bank is almost certain to hold rates unchanged at 1.5% following disappointing inflation and retail sales numbers for the third quarter. Rising household debt has been holding back consumer spending, with […]

The US dollar posted gains during today’s European session, despite a disappointing October employment report, which did little in dissuading the market to expect a rate hike at the next Fed meeting. In this week’s major economic release, the US labor market rebounded less strongly than expected from the hurricane-induced slowdown of September. The economy […]

The U.S. Labour market has demonstrated particular strength. The increase in payroll employment to 261K in October, together with the revision of September data to 18K, marks almost the same increase between the -33K reported last month and the 311K increase expected. In addition, the increase in manufacturing jobs by 24K in October is a […]

1. The dollar held steady versus a basket of currencies on Friday, as investors shifted their focus to U.S. jobs data, with President Donald Trump’s nomination of Federal Reserve Governor Jerome Powell to be the next Fed Chair coming as no surprise. That broke with precedent by denying incumbent Janet Yellen a second term but […]

The central bank theme will continue for a third week following the past fortnight’s policy meetings by the ECB, Bank of Japan, Fed and the Bank of England. This time, it will be the turn of the Reserve Bank of Australia and the Reserve Bank of New Zealand. Data-wise, the main focus will be on […]

After the shocking NFP number released back in October which came in at -33K, there was expectation that Novembers Non-Farm Payroll would show a strong come back with a forecast of 310,000 new jobs created.  However, though there was a bounce back the final number wasn’t quite as strong as the NFP came in at […]

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.

The official changing of the guard will not occur until Chair Yellen’s term expires on February 3, 2018. Market participants, expect Powell to continue along the scheduled path of balance sheet reductions as his term as Fed chair is likely to represent a continuation of Chair Yellen’s monetary policies. Against the backdrop of cycle-low unemployment […]

The PMI index for the UK services sector was at 55.6 points, thus recording the strongest move for more than six months. Market participants were expecting further drops in the index, which was to be 53.3 points against 53.6 points previously. A significant factor in today’s estimates is the increased business activity of entities based […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $7.470. A bill has been submitted to the Ukrainian parliament to amend the country’s tax code to exempt cryptocurrency income and profits from taxation, including from buying, selling, transacting, and mining. Technical picture looks bearish. Trading recommendations: According to […]

It’s 12 PM GMT on this Friday, so let’s look back at the morning session with the Midday Snapshot. Euro/Dollar has moved gradually lower by a total of just 29 pips to trade slightly in the red at noon. This pair sees less than half of the monthly average funds and most of them have […]

Recently, the USD/JPY has been trading sideways at the price of 114.10. According to the 15M time – frame, I found that price is trading above the pivot level 113.95), which is a sign that buyers are in control today. I also found intraday inverted head and shoulders formation, which is a sign that selling […]

Recently, the GOLD has been trading sideways at the price of $1,274.00. According to the 15M time – frame, I found that price is trading below the pivot level ($1,277.55), which is a sign that sellers are in control today. I also found hidden bearish divergence on the MACD oscillator in the background, which is […]

Hello traders, let’s see which news releases could move the currency markets on Monday, the 6th of November. Japanese Services PMI for October is up first at half past midnight. The Index has been declining for the past 3 months and now stands at an 11-month low. Bank of Japan Governor Haruhiko Kuroda will be […]

Much data, but little reaction. EUR/USD is located around 1.1660. USD/JPY is around 114.00. On the shoulder is still a Pound: GBP/USD only slightly bounced over 1.3050. The Australian dollar, which loses nearly 0.5 percent after the next apparently disappointing retail sale, is the most neglected currency. On Friday 3rd of November, the main event […]

EUR/USD: The EUR/USD is still consolidating in the context of a downtrend. When volatility returns to the market, it would most probably favor bears, for the price is expected to reach the support lines at 1.1600 and 1.1550, which would be tested between today or next week. USD/CHF: This currency trading instrument is moving sideways […]