The Pound has been on an uptrend for much of 2017, led by a weaker dollar in the first half and by expectations of a UK rate rise in the second half. Its high of the year and post Brexit peak of $1.3656 was reached soon after the Bank of England’s September policy meeting when […]

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What was looking like a pretty standard sideward trading day for the market, BITCOIN suddenly decided to wake everyone up as once again it skyrocketed to a new all-time high of $6348.60. The reason for the sudden move was the announcement by the CME Group that they are planning to launch bitcoin future contracts by […]

Hello and welcome to this Halloween edition of the Dukascopy FX Movers and Shakers report. Sterling/Australia has been on a sharp rise and the pair has appreciated by point 9%, which is the top Halloween move. Sterling got a bump on report Chief Brexit negotiator Michael Barnier indicated he is ready to speed up the […]

The Canadian dollar lost ground versus its US counterpart as GDP figures unexpectedly reflected a contraction in the Canadian economy. Eurozone data on inflation, economic growth and unemployment out during today’s session gave a mixed picture. The Pound moved higher after some comments by Michel Barnier, the EU’s chief Brexit negotiator, which suggested that Brexit […]

Global macro overview for 31/10/2017: The recent weeks have left investors sharply negative about the US Dollar. Just two months ago, the market discussed d the low probability of tax cut approval and a rate hike in December. Today, both scenarios are baseline, which, together with the fears of a US-North Korean conflict and strong […]

Global macro overview for 31/10/2017: In the Monetary Policy Statement, BoJ Governor Kuroda said that debating stimulus exit would send a wrong message to the markets. Moreover, he noted that the Japanese economy is doing well, but the inflation expectations and prices remain weak, so BoJ wants inflation to hit the 2% price target at […]

Wednesday is a busy day, and the Dukascopy TV team is here to help you get through it. UK Nationwide House Price Index for October is up first at 7 AM. The Index rebounded in September but remarkably London home prices posted their first decline in 8 years. Swiss October Manufacturing PMI follows at half […]

Policymakers at the US Federal Reserve begin a two-day monetary policy meeting today with an announcement expected at 18:00 GMT on Wednesday. With no move in rates anticipated at the November meeting and no accompanying press conference, the event is unlikely to receive much reaction in financial markets, especially as there is a bigger focus […]

USD/JPY is under pressure. The pair recorded lower tops and lower bottoms since October 27, which confirmed a negative outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index is bearish and calls for a further drop. To conclude, as long as 113.65 holds on the […]

The BITCOIN (BTC) has been trading upwards. The price tested the level of $6.230. The Iranian government has been conducting a research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital […]

NZD/USD is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20- and 50-period moving averages. In addition, the 50-period moving average is turning up. The relative strength index lacks downward momentum. The US dollar turned weaker ahead of the Federal Reserve monetary policy meeting starting Tuesday and […]

Recently, GOLD has been trading sideways at the price of $1,273.50. According to the 15M timeframe, I found a broken support cluster and the pivot level lies at the price of $1,274.70, which is a sign that sellers are in control today. I also found a broken upward trendline in the background, which is another […]

We will retain our yesterday’s prediction on the pair. GBP/JPY is still expected to trade with bullish outlook. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the bullish bias. The relative strength index is bullish and calls for a further advance. The downside potential should […]

The BITCOIN is currently showing some bearish intervention after breaking above the $6,000 price level with an impulsive bullish move recently. There has been no high impact economic events recently on the Bitcoin side but China is expected to allow the Bitcoin exchanges which were banned some months ago. The Chinese regulator is currently being […]

NZD/USD is expected to trade with bearish outlook. The pair has failed to post a sustainable rebound while being capped by the key resistance at 0.6880. Currently, it is trading around the overlapping 20-period and 50-period moving averages. The 20-period moving average has crossed back below the 50-period one, helping to maintain the bearish intraday […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3222. According to the 30M timeframe, I found a fake breakout of yesterday’s high at the price of 1.3215, which is a sign that buying looks risky. There is also a hidden bearish divergence on the moving average oscialltor, which is […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3222. According to the 30M timeframe, I found a fake breakout of yesterday’s high at the price of 1.3215, which is a sign that buying looks risky. There is also a hidden bearish divergence on the moving average oscialltor, which is […]

Overview: The NZD/USD pair hasn’t made any significant moves since yesterday. The bias remains bearish in nearest term testing 0.6760 or lower. The price is still trading around the area of 0.6860 and 0.6800. The NZD/USD pair continues to move downwards from the zone of 0.6942 and 0.7880. Last week, the pair dropped from the […]

Overview: The NZD/USD pair hasn’t made any significant moves since yesterday. The bias remains bearish in nearest term testing 0.6760 or lower. The price is still trading around the area of 0.6860 and 0.6800. The NZD/USD pair continues to move downwards from the zone of 0.6942 and 0.7880. Last week, the pair dropped from the […]

Overview: The Swiss franc broke the resistance at 0.9942 last week, which acts as support now. So, the pair has already formed minor support at 0.9942. The strong support is seen at the level of 0.9898 because it represents the weekly pivot. In the H1 time frame, the RSI and the moving average (100) are […]

Overview: The Swiss franc broke the resistance at 0.9942 last week, which acts as support now. So, the pair has already formed minor support at 0.9942. The strong support is seen at the level of 0.9898 because it represents the weekly pivot. In the H1 time frame, the RSI and the moving average (100) are […]

BITCOIN analysis for 31/10/2017: The Lebanese Central Bank, Banque du Liban (BDL) and Governor Riad Salameh say the Bitcoin and other digital currencies are unregulated Commodities the use of which should be prohibited. He also said that they would be ineffective as national currencies because they are just goods. At the opening ceremony of the […]

BITCOIN analysis for 31/10/2017: The Lebanese Central Bank, Banque du Liban (BDL) and Governor Riad Salameh say the Bitcoin and other digital currencies are unregulated Commodities the use of which should be prohibited. He also said that they would be ineffective as national currencies because they are just goods. At the opening ceremony of the […]

The morning session is over on this Tuesday, so it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has moved slowly South by a total of 27 pips to trade slightly in the red at noon. Traded volume is average and sentiment is neutral, just 5% long. Profits are more likely for bears, but the narrow […]