Global macro overview for 26/10/2017: Yesterday’s data on US Durable Goods Orders outperformed estimates – the September increase was 2.2% on monthly basis and beat the expectations of 1.0%. Moreover, orders without transport and aviation increased 1.3% on monthly basis. Shipments of capital goods excluding aircraft and military equipment rose an annualized 10.6% in the […]

Global macro overview for 26/10/2017: The Bank of Canada decided to maintain the overnight rate at 1.0%, which was widely expected by the surveyed market participants. Investors are reminded of a more cautious approach to future rate hikes and that economic growth in Canada will probably be lower next year than it was this year. […]

A sense of anticipation can be felt across financial markets ahead of the ECB meeting. Markets are widely expecting the central bank to announce the reduction of its monthly bond purchases. Sterling slightly dipped on Thursday after government reports showed retail sales dropped to its lowest level in 8 years. The Dollar remains support by […]

ECB has sent the Single currency sharply lower, so let’s see if it’s in line with the anticipations of market players. Euro/Dollar has moved sharply lower to trade point 43% in the red at 12 o’clock. Turnover is average and neutral sentiment of the traders is 5% long. The pair has declined steeply, making profits […]

The BITCOIN (BTC) has been trading upwards. The price tested the level of $5.866. Singapore has no plans to regulate cryptocurrencies such as bitcoin, according to the head of the Monetary Authority of Singapore. However, some laws are being formalized that could apply to some cryptocurrency activities and initial coin offerings (ICOs). Technical picture looks […]

Recently, the XAU/USD has been trading upwards. The price tested the level of $1,282.57. Anyway, according to the 15M time – frame, I found that there is a breakout of intraday rising wedge in the background, which is a sign that buying looks risky. There is also a fake breakout of pivot resistance 1 at […]

zd Overview: The USD/CHF pair is still trading in the bullish trend from the support spot of 0.9870- 0.9900. On the H4 chart, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that it is still in a bullish trending market. As the price is still above the moving […]

The news release schedule is short on Friday, the 27th of October, but it definitely can move the currency markets. Let’s find out more. Coming up first at 12:30 PM GMT is the closely watched preliminary estimate of US third quarter GDP. The second quarter GDP surprised on the upside, driven by higher consumer spending […]

With Japanese computer game giant Nintendo set to release its latest Super Mario game to the hordes of computer game geeks tomorrow there is another Mario who will take the lime light today. Starting at 11:45pm GMT today the ECB will announce its base rate decision and though it is expected to be a damp […]

Overview: As expected, the NZD/USD pair continues to move downwards from the zone of 0.6942 and 0.7880. Yesterday, the pair dropped from the level of 0.6942 to 0.6942 which coincides with a ratio of 23.6% Fibonacci on the H4 chart. Today, resistance is seen at the levels of 0.6945 and 0.7033. So, we expect the […]

Recently, the GBP/USD has been trading upwards. The price tested the level 1.3278. Anyway, according to the 15M time – frame, I found a fake breakout of yesterday’s high at the price of 1.3270, which is a sign that buying looks risky. There is also a testing of intraday Fibonacci retracement 61.8% at the price […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. The recent bearish pullback was […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

It’s 10 AM GMT on this Thursday and you’re watching the Dukascopy Spike Controller. Euro/Dollar’s long term average and maximum spreads are point 27 and 1.4 pips respectively. The pair has gained a total of point 62% or 73 pips to reach the daily high of 1 1837. Preliminary US durable goods report has had […]

After yesterday’s decline that ended their long streak of gains, the Japanese Nikkei 225 and the Topix Indices advanced by 0.15% and 0.1% respectively during today’s trading. Hong Kong’s Hang Seng lost 0.4% and the Shanghai Composite added 0.3%. Australia’s S&P/ASX 200 rose 0.2%. Today’s decision on monetary policy by the European Central Bank at […]

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NZDUSD maintains a bearish bias since declining steadily from the September 20 peak of 0.7434. Downside pressure in the market increased after the bearish crossover of the 20 and 50-period moving averages on the 4-hour chart. The recent sharp decline has shown signs of exhaustion, with RSI at oversold levels, as the market pauses just […]

NZD/USD recently rejected 0.7170 resistance area which leads to impulsive bearish pressure in the market taking the price lower towards 0.6850 support area. NZD has been quite negative with the economic reports recently which helped the USD to gain impulsively on the bearish side towards the support area. Yesterday the market was quite indecisive, and […]

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Neutral models prevail on Euro/Dollar’s hourly chart. The 4-hour scale brings 5 buy prompts, and the 24-hour chart is back to neutral, but the interbank is bullish at more than 17% long, and it matches […]

As the Asian session was about to complete, the Euro was standing stronger ahead of the European Central Bank’s policy meeting, while the dollar was distancing itself on the downside from the highs it reached earlier in the week. The dollar index, which measures the strength of the US currency versus the currencies of six […]

As expected, the US dollar index pulled back off the 94 resistance area towards the short-term support of 93.50 as we mentioned in yesterday’s analysis. The trend remains bullish as the price is still above cloud support and inside the bullish channel. Black lines – bullish channel The dollar index is trading inside the bullish […]

EURUSD: Still going up? Morning review. So, the Euro on Wednesday turned to growth, reaching 1.1830 by the night. Ahead of the zone of day levels 1.1860 – 1.1880, with the break of their very likely movement at least to 1.2080. Today, as everyone remembers, I think. The ECB (decision at 12.45 press conference Draghi […]

GOLD is bouncing as expected. However, the price remains below the 4hour Kumo (cloud) while testing the first important short-term resistance by the kijun-sen at $1,283. The short-term trend remains bearish but we have several indications that the low could already be in. Red lines – bullish wedge pattern Gold price has broken out of […]

BITCOIN analysis for 26/10/2017: Cointelegraph reported yesterday that the largest US digital currency stock exchange Coinbase will continue to refer to BTC as “real” Bitcoin, while SegWit2x as “B2X” will be treated equally with the altcoins. This decision triggered widespread support from the cryptocurrency community, and many claimed it was a nail in the coffin […]