1. The New Zealand dollar was the biggest mover in an otherwise quiet morning session due to strong domestic jobs data. The kiwi gained as much as 1% to trade at 0.6922 after the latest labour market statistics showed wages grew and unemployment fell to the nine year low of 4.6%.   2. The Fed […]

It`s Wednesday and you`re watching the Dukascopy Spike Controller, where we`ll provide you with the benchmark interbank price data. Euro/Dollar’s long term average spread is point 27 pips and peak separation has been 2.2 pips. Past 24 hours haven’t been volatile for this pair, biggest move is a rise of point 31% or 36 pips. […]

Bullish sentiment was strong during today’s trading in Asia with major Indices recording notable gains. In Japan, the Nikkei 225 and the broader Topix advanced by 1.9% and 1.2% respectively, closing at fresh multi-year highs. Hong Kong’s Hang Seng added 1.2% and the Shanghai Composite rose by 0.1%. Australia’s S&P/ASX 200 gained 0.5% and South […]

Although the Eurozone economy gained momentum over the past few months, uncertainty looms with the European Central Bank gearing up to begin unwinding its monetary stimulus. Amid this uncertainty, there is growing interest in the market-moving indicators for November.   November 2: Germany Unemployment Rate (October) Germany’s adjusted unemployment rate declined to 5.6% in September, […]

Rapid development of the Douay GOLD Project in Canada for a multi-million ounce resource, Matthew Hornor, President & CEO, Aurvista Gold Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#223620 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen […]

EURJPY is firmer after the bounce up earlier this week following a sharp fall from highs not seen since late 2015. The cross continues to benefit from strong upside momentum in the short term. Looking at the broader trend, the market has been neutral since mid-September. The level at 131.45 has provided strong support. Soft […]

The Dollar index remains in a short-term bullish trend. The price is making higher highs and higher lows and remains inside the bullish short-term channel. The upside target remains at 95.50 as long as we trade above 93.50-94. Blue lines – bullish channel The 4-hour chart shows price above the important indicator kijun-sen (yellow line) […]

GOLD has broken out of the downward sloping wedge pattern and yesterday it pulled back to back test the breakout area. Price made a higher low so far, but the short-term trend remains bearish as long as the price is below the Kumo. Blue line – resistance Red line – support The Gold price is […]

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 and tomorrow. There is a need for the market to go […]

Good morning, traders, the Dukascopy TV team brings you the Main Daily Trading Signals for Wednesday. Euro/Dollar sees 6 neutral models on both its short and mid-term charts, whereas the long-term is split between red and neutral signals. Neutral at less than 9% long, the interbank confirms the 1 and 4-hour studies. Bullish signals prevail […]

The dollar was little changed ahead of a very heavy calendar the next three days, while the kiwi staged an impressive rebound following the release of strong employment numbers out of New Zealand overnight. The US dollar was definitely going to be in focus for the rest of the week due to the Fed meeting […]

We will retain our yesterday’s forecast about USD/CHF. The pair is still expected to trade in a higher range. Despite the recent pullback from 0.9995 (the high of October 31), the pair is still supported by a rising trend line since October 30. The rising 50-period moving average is playing a support role. The relative […]

All our targets which we predicted in Yesterday’s analysis has been hit. GBP/JPY is still expected to trade in higher range. The pair remains on the upside as long as it stays above 150.40. Currently, it is trading around the ascending 20-period moving average, which stands above the 50-period one. The relative strength index sits […]

This is the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out. Euro/Dollar is currently trading in the range limited by R1 of 1 1640 and S1 of 1 1610. The lowest resistance line has found 11 matches, and R3 is a 20 day moving average with 10 studies. Standing […]

On Tuesday, the Bank of Japan made no changes to its huge monetary stimulus plan even as it reduced its inflation forecasts. The BoJ board voted, 8-1, to maintain the central bank’s yield curve control program and asset purchases. The board kept its view that its 2% inflation target is likely to be met at […]

AUDUSD is under pressure below its 200-day moving average. The market has been reversing the May to September uptrend, retracing over half of this move. The drop below the 50% Fibonacci level of the 0.7328 to 0.8124 upleg last week has strengthened the short-term bearish bias. The market is now consolidating just above Friday’s low of 0.7624 and […]

Wave summary; The failure to sustain the rally from 1.6821 indicates that the rally to 1.7059 only was corrective and more downside pressure should be expected towards 1.6545 and possibly even closer to 1.6341. A break below support at 1.6821 will change that count in favor of the above depicted. This count shows that wave […]

Wave summary: EUR/JPY has failed to break clearly below important support at 131.60, which tells us, that a larger correction into the 132.96 – 133.32 area is developing before renewed downside pressure should be expected. To confirm that wave (D) has completed, we still need a firm break below support at 131.60, that will confirm […]

NZD/USD is expected to trade with a bullish outlook. The pair posted a rebound and broke above the upper boundary of Bollinger Bands, which indicated the bullish reversal. The 20-period moving average has crossed above the 50-period one. The relative strength index shows upside momentum. Therefore, as long as 0.6880 is not broken, look for […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -GBP rallies vs USD once more. -Volatility the scarce commodity. -China Manf PMI in line but Japan post gains. -FOMC meeting on tap. -Terror in NewYork. -Did QE = larger G20 debts? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To forex […]

The price has shot up and reached our profit target perfectly. We remain bullish looking to buy above major support at 132.28 (Fibonacci retracement, horizontal pullback support, cup and handle support) for a push up to 133.12 resistance (Fibonacci extension, cup and handle potential, Fibonacci retracement). Stochastic (89,3,1) is starting to bounce up nicely from […]

The price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic […]

When the European market opens, there is no Economic Data will be released today from the Euro Zone. The US will release the Economic Data, too, such as Federal Funds Rate, Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, and ADP Non-Farm Employment Change, so, […]

In Asia, Japan will release the 10-y Bond Auction and Final Manufacturing PMI data, and the US will release some Economic Data, such as Federal Funds Rate, Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, and ADP Non-Farm Employment Change. So, there is a probability […]

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