The pair has resumed the bearish path below the 200 SMA and it’s currently forming a lower low pattern that could help to boost the bears in the short-term. With a break below the 1.3037 level, we can expect further declines toward the 1.2870 level, which should strengthen the bearish bias across the board. MACD […]

It was a great week to be long U.S. dollars. The greenback traded higher against all of the major currencies. The Australian dollar experienced the steepest losses but the Canadian dollar and Euro also traded sharply lower. The Japanese Yen and British Pound were the only currencies that managed to hold steady in face of […]

It was a great week to be long U.S. dollars. The greenback traded higher against all of the major currencies. The Australian dollar experienced the steepest losses but the Canadian dollar and Euro also traded sharply lower. The Japanese Yen and British Pound were the only currencies that managed to hold steady in face of […]

It was a great week to be long U.S. dollars. The greenback traded higher against all of the major currencies. The Australian dollar experienced the steepest losses but the Canadian dollar and Euro also traded sharply lower. The Japanese Yen and British Pound were the only currencies that managed to hold steady in face of […]

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Social mood fluctuates between extremes of optimism and pessmism. At least two developments suggest that a major trend change is afoot. Get the details.

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Central bank meetings will dominate the next seven days as the Bank of England, the Bank of Japan and the US Federal Reserve all hold their policy meetings. It will be a big week for economic indicators as well, as the Eurozone releases preliminary GDP figures and the October jobs report is out in the […]

The risks of the EUR / USD pair correction continues to increase. The EUR / USD pair fell to the lowest level for the last three months after the announcement of the results of the ECB meeting. The EUR / USD pair fell to the lowest level in the last 3 months after the announcement […]

Most of the session was sleepy, but the US GDP and Catalans have managed to shake up the FX markets, so let’s see where the 8 majors stand. Euro/New Zealand has had a bearish session and the pair has lost point 74% to post the top move. New Zealand Dollar leads the advancers and decliners […]

The dollar was standing broadly higher relative to most other major currencies as US quarterly GDP estimates beat expectations. However, the US currency gave up part of its gains later in the session as, according to a report by Bloomberg, US President Donald Trump is leaning towards Federal Reserve Governor Jerome Powell – a perceived […]

ECB start process of tapering, however extending the program by 9 months. Bank of Canada slowing down their rate hiking cycle. UK saw stronger GDP readings, but GBP loses out due to ongoing Brexit trade talk concerns. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#223942 Смотрите Dukascopy […]

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.

In the shadow of Spanish government getting ready to impose direct rule, the Catalan regional parliament has voted 70 – 10 to declare its independence from Spain.   With threats coming from Spanish Prime Minister Mariano Rajoy saying that direct rule was essential to establish “law, democracy and stability” in the region, the Catalan Parliament […]

The BITCOIN (BTC) has been trading sideways at the price of $5.766. The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. However, the bank’s chairman admitted that he does not fully understand what cryptocurrency is. Experts also weighed in on the feasibility of banning crypto mining in the […]

Overview Stochastic crawling below 80 level contradicted the GBPJPY pair’s bullish attempts, to retest the initial support around 149.10, while the consolidation of this support around 50% Fibonacci correction level assists to reinforce the bullish bias domination and expect the attempt to gather new positive momentum to rally towards 151.60 level, while breaching this barrier […]

Overview The GOLD price settled near our waited target at 1263.15, reminding you that this level represents 61.8% Fibonacci correction for the rise measured from 1204.81 to 1357.53, which means that breaking it will extend Gold price losses to reach 1240.85 direct, especially that the price moves within bearish channel supported by the EMA50. In […]

Overview Silver price returns to decline calmly and approach from the key support 16.56, and as we mentioned in our recent reports, holding above this level is important to continue the overall positive scenario, as breaking it will push the price to visit 15.49 areas before any new attempt to rise. Stochastic shows clear oversold […]

Stefan Ingves, CEO of Riksbank, expressed satisfaction with the condition of the Swedish economy. CPI inflation in the projection period should stabilize around the inflation target, he said, allowing a debate on the future of QE in the coming months. The forecasts made by Riksbank assume a rate hike in mid-next-year. The strength of the […]

The QE program has been changed as it was generally expected: the ECB will buy assets for EUR 30 billion a month until September 2018. The program was left without an end date, and at the conference, President Draghi stressed that no one is keen on sudden QE termination. In the coming months, the ECB […]

Recently, the GOLD has been trading downwards. The price tested the level of $1,264.00. According to the 15M time – frame, I found that price is trading below the pivot level $1,271.00, which is a sign that sellers are in control today. There is also a hidden bearish divergence on the stochastic oscillator, which is […]

Recently, the USD/JPY has been trading upwards. The price tested the level of 114.31. According to the 15M time – frame, I found few doji candles and bullish breakout, which is a sign that buyers are in control. The price is trading above the pivot level (113.80), which is another sign of strength. My advice […]

Monday is a pretty busy day, so let’s see which news releases stand out. Starting things off at 8 AM is the Swiss KOF Economic Barometer for October, and the Index rebounded in September from the 3-month low reached a month ago. UK Net Lending to Individuals for September is out at half past 9. […]

We’re halfway through the last trading day of the week, so let’s take a look of the performance of the traders with the Midday Snapshot. Euro/Dollar shows little rate movement, high and low difference is only 39 pips. Traded volume is average and sentiment of the traders is neutral, 5% short. No significant moves in […]

GBPJPY has been underperforming in the past two days, breaking back below the key 150.00 level. When looking at the bigger picture the pair lacks a clear trend and has been consolidating after its rally from 141.34 stalled at 152.85. On the 4-hour chart, prices rebounded off the lower Bollinger band around 149.00 but based […]