Morning Report: 07.00 London This morning, the Australian dollar is sinking fast after inflation (CPI) dropped more than expected. The AUD/JPY is down 0.84%, with the AUD/USD off by 0.73%. The NZD/USD is following suit, with minor losses to follow up on yesterday’s slump. The US dollar continues to rise, pushing to the highest level […]

USD is trading close to a 3-month high against JPY on Wednesday, as rumors circulate that many Republican Senators are favoring John Taylor to become the next Chair of the Federal Reserve. Trump hosted a lunch with Republican Senators on Tuesday to gather their views on their preference for the next Fed Chief. Apparently, Trump […]

AUDUSD is under pressure and fell for a fourth consecutive day today. The pair has approached a critical area and could close below the 50% Fibonacci retracement level of the uptrend from 0.7328 to 0.8124. The bias is now clearly to the downside and a daily close below 0.7724 (50% Fibonacci) could trigger a deeper […]

Overview: The NZD/USD pair didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.6849 or lower. The NZD/USD pair has fallen from the level of 0.7067 towards 0.6972. Right now, the price is set at 0.6921 to act as a minor support. It […]

Wave summary: EUR/NZD is now testing the channel resistance-line near 1.7040, which could cap the upside for the short-term and cause a new minor correction close to 1.6784 before the next strong rally should be expected for a clear break above the channel resistance-line this time and a continuation higher to 1.7777. Short-term a break […]

Wave summary: We continue to look for a clear break above resistance at 134.41 confirming more upside in wave (D) closer to 137.37 from where wave (E) should take over to complete the long-term triangle consolidation. Wave (E) should ideally move lower to 123.43. Short-term, we minor support at 133.37 max. 133.08 will protect the […]

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction and German Ifo Business Climate. The US will release the Economic Data, too, such as Crude Oil Inventories, New Home Sales, HPI m/m, Durable Goods Orders m/m, and Core Durable Goods Orders m/m, so, amid the reports, EUR/USD […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, New Home Sales, HPI m/m, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. […]

The price has dropped strongly and is now testing strong support at 88.11 (Fibonacci retracement, horizontal pullback support) and we expect to see a corrective bounce from here to at least 88.69 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,3,1) is seeing strong support above our 1.2% where we expect a corresponding bounce from. […]

The price has reached our buying area and is testing it. We remain bullish looking to buy on major support at 1.1747 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 1.1855 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,3,1) is seeing major support at 1.1% and bouncing up […]

While Kurdistan is at war with the federal forces of Iraq, OPEC is optimistic about the stabilization of the situation on the Oil market, and while Brent is preparing for the first time in two years to storm the psychologically significant level of $60 per barrel, the United States is altering the world for themselves. […]

http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703

President Trump is expected to soon announce his choice for the next Fed chair. Whoever is selected may turn out to be one of the unluckiest people in the world of fin…

Overview GOLD price closed yesterday’s trading above $1,281.17 level, noticing that the last decline is confined inside falling Wedge pattern which signs appear on chart. As the price attempts to breach its resistance and moves above its resistance now, which hints the price head to regain the main bullish trend again and stop the negative […]

The US dollar did well versus a number of currencies on Tuesday as it gained significantly versus the Pound, the kiwi and the aussie. The Euro closely mirrored the dollar’s gains as traders are waiting for the outcome of the ECB meeting on Thursday before moving the world’s most traded foreign exchange pair: euro/dollar. The […]

Wednesday brings plenty of important market movers; let’s find out more. Swiss UBS Consumption Indicator for September is up first at 6. The Index continued growing in August, reaching a 12-month high. German Ifo Business Sentiment for October follows at 8. Weaker assessment of current situation and short-term outlook pushed the total slightly lower in […]

Wednesday brings plenty of important market movers; let’s find out more. Swiss UBS Consumption Indicator for September is up first at 6. The Index continued growing in August, reaching a 12-month high. German Ifo Business Sentiment for October follows at 8. Weaker assessment of current situation and short-term outlook pushed the total slightly lower in […]

It’s getting colder, so wrap up, Ski season is around the corner, so get ready… And teach siri how to pronounce names correctly… You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#223575 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]

Make sure you get the best deals from your broker by comparing their price feed with the Dukascopy Spike Controller data. Euro/Dollar’s long term average spread is point 28 pips and peak separation has been 2.1 pips. The pair has moved slowly higher, gaining point 38% or 45 pips to reach the high of 1 […]

Global macro overview for 24/10/2017: The New Zealand Dollar is usually strong in the periods of risk appetite, but in recent days has been hit by the domestic political developments. The overnight bumps sparked reports that the new government is planning to “revise and reform” the law governing the Reserve Bank of New Zealand. This […]

President Donald Trump said that he is “very, very close” to announcing his nominee for chairman of the Fed. Trump is considering Stanford University economist John Taylor and Fed Governor Jerome Powell, although Fed Chair Janet Yellen could be reappointed (but it’s clear that Yellen is never a favorite of Trump). Reportedly, Trump’s advisors are […]

This is the Dukascopy Midday Snapshot with a look at how market players have fared over the 12 hours to midday on this Tuesday. Euro/Dollar has had a slow session, rate movement is flat and traded volume is low. Neutral sentiment of the traders is just 6% long. Both the passive trading and the narrow […]

Global markets were quiet on Tuesday as investors braced ahead of a string of key events later in the week. Sterling remained pressured against the Dollar amid the Brexit uncertainty. In the Commodities arena, GOLD struggled to keep above $1280 while BITCOIN bulls were missing in action. With the economic calendar fairly light, price action […]

This autumn, XM started a seminar series in Germany on 21st October, the first destination of which was Berlin, where we were glad to welcome online investors, including many of our existing clients, who joined the educational event. Organized at Maritim Pro Arte Hotel, Berlin, the seminar attracted online traders interested in learning useful details […]

The BITCOIN (BTC) has been trading downwards. As I expected, the price tested the level of $5.527. Banks such as Barclays and HSBC retain some cryptocurrency business, though reluctantly. Citing money laundering and general criminality, HSBC said it’s “monitoring the development of virtual and digital currencies such as bitcoin as well as regulations governing their […]

Technical outlook: The EUR/USD pair is seen to be unchanged from what was discussed yesterday. The pair has managed to hold intraday gains until now after printing lows at 1.1723 levels and it looks like it has completed minimum requirements for a corrective drop from 1.1880, in 3 waves now. Either a flat or a […]