The market can often be full of surprises.  And the UK GDP released today proved just that.  GDP for the quarter showed a surprise increase coming in at 0.4% compared to the expectation of 0.3%.   UK economy so far in 2017 has shown slow and steady growth with the first two quarters growing by […]

It’s 12pm GMT, so let’s have a look how traders have been performing this morning with the Midday Snapshot. Euro/Dollar has moved slowly higher by a total of just 29 pips and the pair sees only half of the monthly average funds. Sentiment of the traders is neutral, short positions are up by 3%. Profits […]

Recently, the USD/JPY has been upwards. The price tested the level of 114.24. According to the 15M time – frame, I found that buyers are in control and price is trading above the pivot level (113.72). I also found successful testing of supply in a rising market, which is another good indicator for further upward […]

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. […]

1. Today’s eco calendar contains German Ifo and US durable goods orders. We expect their impact to be limited ahead of tomorrow’s ECB meeting. 2. The GBPUSD is the day’s biggest mover so far, after UK GDP data pointed a 0.4% growth compared to 0.3% which was forecasted. Additionally, the UK Finance Minister mentioned some […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $5.358. A parliamentary audit of the Bank of Korea revealed that it has done “poor” research on digital currencies including bitcoin and ether. The central bank’s governor told lawmakers that digital currency is not currency and promised to conduct […]

USD/CAD is recently quite low in liquidity having very little volatility in the market this week ahead of the CAD Rate Statement and Overnight Rate report. Today there is a number of high impact economic reports is going to be published on CAD which is expected to inject high volatility in the market which is […]

EUR/JPY has been impulsively bullish recently after bouncing off the 131.70-132.50 support area. EUR has been quite dominant over JPY recently due to positive economic reports from the Eurozone and hawkish statements from the ECB which helped the currency to maintain gains. European economic reports were quite mixed this week but they helped the currency […]

We’re halfway through the trading week and you’re watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 28 pips and biggest separation has been point 9 pips. Past 24 hours have been calm in terms of rate movement, high and low difference measures at only 41 pips. Spreads have been equally calm, […]

Asian markets projected a mixed picture today with movements from major benchmarks being fairly limited. The Japanese Nikkei 225 and Topix Indices finished the day lower by 0.45% and 0.3%, ending a 16- and 12-day streak of positive closes respectively (the longest on record for the Nikkei) that brought them to multi-year highs. Hong Kong’s […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

EURJPY holds a neutral intraday bias as prices consolidate in the upper 133 handle after a rebound from 131.65 (October 16 low). More upside is possible since a bullish signal was given by the crossover of the Tenkan-sen line above the Kijun-sen line on the 4-hour chart last week and prices are currently trading above […]

BITCOIN analysis for 25/10/2017: Japan is now the cryptocurrency superpower, accounting for about 63% of Bitcoin’s worldwide turnover. However, bans introduced in other Asian countries are alarming investors fearing that it might happen to Japan as well. Japan recognizes Bitcoin as a legal means of payment and is, therefore, the largest user of this cryptocurrency. […]

Trading plan for 25/10/2017: The Australian Dollar heavily loses after surprisingly weak CPI reading. President Trump’s mini-poll on the future Fed chief was positively received by the USD. EUR/USD is trading above 1.1750, USD/JPY cannot go above 114.00. Despite the uptrend on Wall Street, the Nikkei is finally breaking its uptrend and falls 0.6%. Hang […]

Trading plan 25/10/2017 EUR/USD: Narrow consolidation requires an exit and strong movement. The EUR/USD rate was stuck in the horizontal range of 1.1720 – 1.1860, the borders received a daily order in time. The exit was ripe and the movement was strong. It is very likely that the exit from the range will occur on […]

EUR/USD: The EUR/USD has not moved significantly this week. However, a movement that is directional is expected soon, which either would take price above the resistance line at 1.1850 or below the support line at 1.1700. Until one of the two boundaries are breached, the bias on the market would be neutral. USD/CHF: The USD/CHF […]

The Australian dollar was the biggest mover of today’s Asian session as it plunged to 3-month lows versus the greenback after the announcement of third quarter inflation. Other major pairs were mostly holding around the previous session’s levels, with the US dollar preserving its gains. Third quarter headline inflation for the country came in at […]

Last minute burning forecast 25.10.2017 GBPUSD: We are waiting for a strong move on the news. The beginning of the week passed in a narrow consolidation: the market is preparing for the move – probably on the news. We prefer buying – down to a decline to 1.3030 – because the support line of the […]

The Dollar index is back near its highs just below 94 but with RSI diverging, I believe we will not break convincingly above 94. I expect at least a short-term pull back towards 93.50 at least. The trend remains bullish. Red trend line -support The Dollar index is making higher highs and higher lows. Short-term […]

The GOLD price has made new lows earlier today but the oscillators are not following to new lows. The trend remains bearish. There is a bullish wedge pattern in play, and a breakout should signal the start of the next upward leg. Blue lines – downward sloping wedge Red lines – expected price path Gold […]

You’ve probably noticed that financial advisers and analysts spend considerable time thinking about asset valuation. They know all too well what happens when an asset (or assets) become overvalued. An asset bubble occurs when the price of a market rises to levels that exceed its intrinsic value or well above historic norms, or both.   […]

GBP/USD has been quite corrective recently which is currently showing some bearish pressure closing below 1.3150 support level with a daily candle. The weakness of Pound is driven by the Brexit impact and expected the weaken further in the coming days whereas US rate hike is expected to happen in December. Today GBP Prelim GDP […]

Overview: The USD/CHF pair is still trading in the bullish trend from the support spot of 0.9810- 0.9836. 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 average […]