In Asian equities, the Japanese Nikkei 225 and Topix Indices finished the day flat, remaining at the multi-year highs hit on Friday when the two benchmarks posted sizable gains. Hong Kong’s Hang Seng lost 0.4% and the Shanghai Composite declined 0.8%. Australia’s S&P/ASX 200 added 0.3%.  Shanghai stocks contracted the most in more than two […]

Morning Report: 07.00 London This morning, the Euro is trading slightly higher despite uncertainty surrounding the next steps for Catalonia and Spain as Madrid takes direct control of the region. The EUR/USD has gapped higher at the open, while the EUR/GBP is higher. The dollar is off the pace despite GDP data coming in above […]

The US dollar index climbed to a three-month high, amid increasing speculations of President Donald Trump unveiling new tax reforms and strong GDP data. Real gross domestic product rose at an annual pace of 3% in the third quarter, following growth of 3.1% in the second quarter. Economists, on average, were expecting GDP growth of […]

The Dollar index as expected has pulled back after the strong breakout to new highs last week. Short-term trend remains bullish as long as the price is above 93.50. Red line – resistance (broken) now support The Dollar index is trading above the 4-hour Kumo (cloud) support. Price has not even pulled back towards the […]

The GOLD price remains in a bearish trend at least in the short-term. Price continues to make lower lows and lower highs below the Kumo (cloud). A move towards $1,260-50 is not out of the question as long as we trade below $1,283. Blue line – resistance Red line – support The Gold price is […]

Good Monday morning, the Dukascopy TV team is here with the Main Daily Trading Signals. First up is the Euro/Dollar with 4 and 5 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is overwhelmingly bearish, but the interbank is neutral at less than 6% long, matching the short and mid-term studies. […]

1. Investors will be focusing on Wednesday’s Fed meeting for fresh clues on the likely trajectory of monetary policy. Fed is widely expected to hike interest rates again in December. Fed fund futures are pricing in 97.8% chance for a 25bps hike to 1.25-1.50% in December. Friday’s U.S. jobs report for October will also be […]

The US dollar faced some profit-taking against other majors, after receiving a boost the previous week on tax reform hopes in the US and strong third quarter growth while the Euro was hit by the political uncertainty in Spain. Euro/dollar climbed above the 1.16 level to trade around 1.1615, as markets will be focusing on […]

On 21st October, the free Forex trading seminar series hosted by XM and presented by Academia de Mercados reached its next destination, the city of Barcelona, where numerous traders joined the event to learn about the use of Technical Analysis in forex trading. The seminar titled Technical Analysis in Online Forex Trading was held on […]

EURUSD: We are waiting for a new wave of decline. At the end of last week, the EURUSD pair showed a full downward turn. The movement is not complete. A new wave of decline is possible on Monday, perhaps it will be on an important report on the consumer income/expenditures in the US at 11:30 […]

Wave summary: The break below support at 1.6958 told us that the top of red wave i was seen with the test of 1.7216 and red wave ii now is developing close to 1.6784. The correction in red wave ii has declined to a low of 1.6822, which could be correction enough for red wave […]

Wave summary: As long as important support at 131.60 is able to protect the downside, we still could see a final rally higher to 137.37 to complete wave (D). From near 137.37 or upon a break below support at 131.60 wave (E) lower to 123.43 is expected. R3: 133.49 R2: 133.00 R1: 132.42 Pivot: 131.60 […]

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. Euro/Dollar is trading in the range limited by R1 of 1 1630 and S1 of 1 1590. Standing at a 20 day moving average, R2 is well confirmed with 11 studies, and the lowest resistance line […]

The US Commerce Department released Q3 GDP data on Friday, showing the US economy expanded at an annual pace of 3%. With the back-to-back Hurricanes during the quarter many had expected Q3 GDP to be lower than the previous, robust, release of 3.1% – consensus forecasts had called for a release of 2.5%. The effects […]

EURUSD has come under increased pressure after dipping another leg lower to break below the head and shoulders neckline at 1.1660. The drop below what was considered to be a key support level with strong downside momentum indicates that the market has moved into a bearish phase and further weakness is expected. Prices have currently […]

USD/JPY is currently residing below the resistance area of 114.30-50 which is expected to push the price lower towards 112.00-50 support area in the coming days. USD has been quite positive with the economic reports recently which pushed the price higher towards the resistance area of 114.30-50 before the price showed bearish intervention. This week […]

EUR/USD has been impulsively bearish yesterday after the ECB Press conference had postponed the tapering. After months of hawkish events of Euro, the currency has gained quite well against USD recently which is currently expected to lose some grounds in the coming days. Today EUR German Retail Sales report is expected show a growth to […]

Welcome to the weekly outlook starting this Monday 30 October. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This week we see a lot of news out of the US with particular attention paid to the key interest rate decision on Wednesday. More central bank rate […]

In the video, you will learn: – The basics of FX quotes including how to read the base and quote currency. – The different FX pairs such as Majors, Minors and Exotics – The most common currency pairs and their nicknames. New To Forex trading? See Our Comprehensive Trading Guide For Beginners: https://pepperstone.com/en/client-resources/learn-to-trade-forex Find out […]

When the European market opens, some Economic Data will be released, such as Italian 10-y Bond Auction, Spanish Flash GDP q/q, Spanish Flash CPI y/y, German Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data, too, such as Loan Officer Survey, Personal Income m/m, Personal Spending m/m, and Core […]

In Asia, Japan will release the Retail Sales y/y data, and the US will release some Economic Data, such as Loan Officer Survey, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: […]

The price has dropped strongly from last week and is now testing major support at 131.77 (Fibonacci extension, horizontal swing low support) and we expect to see a strong corrective bounce above this level to push the price up to at least 132.46 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,3,1) is seeing strong support […]

The price has dropped absolutely perfectly from our selling area as expected and is fast approaching our profit target. We remain bearish below 114.00 resistance (Fibonacci retracement, horizontal overlap resistance, big figure, bearish divergence, ascending support break) as we expect a strong push down to at least 131.16 support (Fibonacci retracement, horizontal overlap support). Stochastic […]

EUR/USD: This currency trading instrument consolidated from October 23 to 25, and then dropped about 230 pips on October 26 and 27. The support lines at 1.1550, 1.1500 and 1.1450 could be reached this week, as price drops further. The outlook on the market is bearish for this week, but bullish for November (the outlook […]

The index is forming a higher high pattern below the resistance zone of 95.14 and looks forward to reaching new highs in the short-term. If a breakout happens over there, we can expect a rally towards the 95.85 level. To the downside, nearest support lies at 94.60 and if USDX retraces below it, then we […]