Recently, the EUR/CHF pair has been trading sideways at the price of 1.1600. On the 15M chart, I found a fake breakout of pivot level at the price of 1.1593, which is a sign that selling looks risky. There is also a positive reading on MACD oscilator, which is another sign of potential strength. My […]

Tuesday brings the latest PMIs from around the world, so let’s take a quick look. The preliminary October PMIs from several Euro Zone countries are up first thing in the morning, starting with the French Indices at 7. German PMIs follow half an hour later, and data for the entire currency bloc is out at […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.3167. According to the 15M timeframe, I found a successful rejection from the pivot point resistance at the price of 1.3227, which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscilator, which is another […]

Overview: Last week, the EUR/USD pair fell from the level of 1.1836 towards 1.1716. However, the trend rebounded to the key level around the spot of 1.1873/1.1800. Right now, the price is set at 1.1804. The resistance is seen at the levels of 1.1836 and 1.1911. Volatility is very high for that the EUR/USD pair […]

USD/JPY has been impulsively bullish recently which is pushing the price towards 114.50 resistance area. The price started today with a gap which was due to positive speech from Yellen about the US economy and a rate hike in December. Today there was no economic reports or events on JPY but tomorrow we have the […]

It’s Monday and you’re watching the Dukascopy Spike Controller, where we’ll provide you with the benchmark interbank price stats for 3 non-cross majors. Euro/Dollar’s long term average spread is point 32 pips and peak separation of point 8 pips was posted during the past hour. Rate movement has been relatively calm, the pair has declined […]

In Japanese equities, the Nikkei 225 and the broader Topix once again finished the day in the green, extending their multi-year high closes; the Nikkei added 1.1% and the Topix rose by 0.8%, closing at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng declined by 0.6%, while the Shanghai Composite added 0.1%. […]

EUR/USD: This pair moved downwards on Monday and Tuesday, turned higher on Wednesday and Thursday and then came down on Friday. The erratic (zigzag) movement has resulted in a neutral bias, which would be overridden this week as the price goes above the resistance line at 1.1900, or it would go below the support line […]

BITCOIN analysis for 23/10/2017: Research by CB Insights shows that Goldman Sachs, Google and Citi Bank are among the five most active corporate investors in Blockchain. According to the report, financial services companies and major banks were the first corporate users of the technology. On the basis of the information contained in the report, as […]

1. The lack of fresh developments on either North Korea and the succeeding FED chairman positions being filled, combined with the significant progress made on tax reform helped the U.S. dollar close out a strong week. The Dollar experienced the strongest gains against the New Zealand dollar and Japanese Yen but none of the major […]

UK GDP in focus, but signs that is could remain weak for some time. Bank of England may not move unless they see growth moving in right direction. Bank of Canada rate decision where Governor Poloz may be dovish this time round. ECB Draghi to call for further patience from the market on QE. You […]

The long Forex trading seminar road trip started by XM this autumn in Malaysia has reached two further destinations: Kedah and Kota Bharu, providing forex traders with extensive education about online investing techniques and strategies. Since February, Malaysian online investors have had the opportunity to join in a high number of free forex trading seminars […]

GOLD has taken on a bearish bias again in the short-term after failure to sustain an upside move above the key psychological level at 1300. Prices attempted a recovery off the 1260 area but this move proved to be a correction of the September to October downtrend that is in progress since the more than […]

Trading plan 23 – 10/27/2017 Catalonia, ECB, important news in the United States. The beginning of the week is nervous because of Catalonia. Literally at the current hour (08.30 London time) in Catalonia, a meeting of leaders of separatists and authorities of Catalonia will begin to give Madrid’s response to tough statements. The Prime Minister […]

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

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees a mix of red and neutral models on its hourly chart. The mid-term is mostly bearish and the long-term turns neutral with 4 studies but, in contrast, the interbank is bullish at more […]

Foreign exchange markets were under the spell of political developments in the absence of important economic news, with developments in Japan, the US and Spain more or less setting the tone. The Yen was the session’s biggest loser as Prime Minister Abe’s comfortable win over the weekend meant the probable continuation of fiscal and monetary […]

Trading plan for 23/10/2017: USD/JPY touched three-month highs after Prime Minister Abe’s victory in the Japanese election. The Nikkei shows a positive reaction while other markets remain stable in the face of today’s lackluster publication. EUR/USD stands at 1.1770 and investors do not show much interest in the political dispute in Spain. On Monday 23rd […]

Last minute burning forecast 23.10.2017 The GBPUSD rate is upwards. At the beginning of the week, pressure remains on European currencies due to the Catalonia-Spain crisis. During the weekend, the crisis escalated further. In addition – the authorities of Madrid (Prime Minister M. Rajoy) – threatened to set aside the head of Catalonia and abolish […]

The Dollar index has broken above the short-term trend line resistance and back above the 4 hour Ichimoku cloud. Short-term trend is bullish. The price has held above 93 on any attempt so far to break it so we can’t ignore the bullish support the index has. Blue line – trend line resistance (broken) The […]

The GOLD price got rejected last week and has made a new short-term low below $1,277. Price is making new lows but the RSI is not. The price remains close to the 61.8% Fibonacci retracement of the latest rise but the weekly chart warns that unless we see a swift reversal upwards, we could push […]

Morning Report: 07.00 London This morning, the Japanese Yen is recovering after an initially slumping at the open. Abe’s victory is thought to point to a looser monetary policy, but it seems markets may have got ahead of themselves first thing this morning. The USD/JPY gapped higher, as did other yen pairs, but this move […]

The US dollar index gained ground against its G7 counterpart currencies this week, after the Senate Republicans in Washington approved a $4 trillion budget for 2018, pushing the Trump administration proposed tax reform plan one step closer. The chamber approved the budget resolution by a vote of 51-49, with US Senators now having to reconcile […]

Welcome to the weekly outlook starting this Monday 23 October. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. As you’ll read below, it’s an active economic news week with releases coming from all major economies around the globe. On Friday, we also get inflation figures from […]

EUR/USD has been quite corrective in nature which has shown some impulsive bearish pressure inside the range between 1.1660 to 1.2040 area. USD has been quite positive with the economic reports recently which lead to further bearish pressure in the pair against EUR. The recent situation in Spain has been quite a bit of pressure […]