Wave summary: We continue to look for more upside pressure towards 1.7208 and above here, will confirm continuation higher towards 1.8000. Short-term support is seen at 1.6816, which ideally will protect the downside for the expected rally higher to 1.7208 and above. That said, the minor correction from 1.6593 could extend closer to 1.6745 before […]

Good Monday morning, the Dukascopy TV team is here with this week’s first Support and Resistance Level Report. We start with traders’ favourite pair, the Euro/Dollar, which has R1 of 1 18 and S1 of 1 1760. Standing near a 20 day moving average, R1 is well confirmed with 11 models. R2 counts a 50 […]

Japanese Prime Minister Shinzo Abe’s party has won a resounding, albeit not surprising, victory in Japan’s election on Sunday. The victory will maintain Japan’s ultra-easy monetary policy for the foreseeable future. The markets had been concerned that Abe’s economic policy would have been disrupted if his party did not maintain their “super majority” two-thirds win […]

EURUSD maintains a neutral bias in the short term as it continues to consolidate below the 50-day moving average. The longer-term uptrend stalled at 1.2091 in early September and since then there was a pullback that took the pair below the key 1.1900 level. The RSI and MACD indicators are neutral but the market is […]

Wave summary: With wave (D) revived more upside pressure to 137.37 is expected. We are currently looking for a break above 134.41 to confirm the final rally higher towards the ideal wave (D) target near 137.37 from where wave (E) lower is expected to take over. Short-term support is seen at 133.50, which ideally will […]

When the European market opens, some Economic Data will be released, such as Consumer Confidence and German Buba Monthly Report. The US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1812. Strong Resistance:1.1805. Original […]

Today, Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 114.44. Resistance. 2: 114.21. Resistance. 1: 114.00. Support. 1: 113.72. Support. 2: 113.50. Support. 3: 113.28. Disclaimer: Trading Forex (foreign exchange) on margin carries […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -Shinzo Abe is a big winner in Sundays election. -Japanese equities bounce 1% +. -Will the Dollar strengthen in Latin America? -Czech populists win. Another thorn in EU’s side? -Crowded trade they may be. But Tech shares outperform peers. The overnight changes and price moves to be aware of by Pepperstone’s […]

We would like to inform our clients that considering our recent notification regarding the Japanese General Election, the margin requirements on all instruments have been automatically readjusted in accordance with the previous leverage settings of each of our clients’ trading accounts on financial instruments as of today, Monday 23rd of October 2017. All temporary measures […]

Eurozone The most important event of the upcoming week is the ECB meeting on Thursday, October 26. Investors expect that the regulator will finally announce a reduction in the asset purchase program, and the whole issue consists only in the volume of the reduction. At the moment, monthly purchases amount to 60 billion euros a […]

The U.S. dollar ended the week sharply higher after previous uncertainties never manifested. President Trump has yet to select his next Fed Chair, although Powell appears to be the most likely candidate. At the same time the tensions between North Korea and the U.S. did not escalate. Does this mean that the risks have gone […]

The U.S. dollar ended the week sharply higher after previous uncertainties never manifested. President Trump has yet to select his next Fed Chair, although Powell appears to be the most likely candidate. At the same time the tensions between North Korea and the U.S. did not escalate. Does this mean that the risks have gone […]

The U.S. dollar ended the week sharply higher after previous uncertainties never manifested. President Trump has yet to select his next Fed Chair, although Powell appears to be the most likely candidate. At the same time the tensions between North Korea and the U.S. did not escalate. Does this mean that the risks have gone […]

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Weekly market outlook by- Binary.com October 22th, 2017

Our Forex trading seminar due to take place in Florence, Italy, will be soon followed by yet another free seminar in the city of Reggio Emilia on 9 December. We look forward to meeting with our existing and prospective clients who wish to attend XM’s free seminar on the premises of Hotel Remilia, where event […]

The European Central Bank will take centre stage next week as it announces its long-awaited decision to scale back its asset purchase program. Central banks in Canada, Sweden and Norway will also be holding their monetary policy meetings. On the data front, the first estimate of third quarter growth in the UK and the US […]

As markets head into the weekend, investors during the European session were concentrated on political developments in Spain as well as on Brexit negotiations. Japanese snap elections would be also in focus on Sunday with the Yen showing some weakness on Friday. However, the Loonie was the worst performer out of majors today after retail sales and inflation figures came in worse than expected. […]

This has been a volatile week on the FX markets, so let’s see where the 8 majors stand at 3 PM GMT on this Friday. Sterling/Canada is the mover of the day with a gain of more than 1%. Sharpest rise took place only after noon GMT. UK public sector net borrowing increased, but less […]

At 1355 GMT, a few minutes after US stock markets opened for the trading day, most major European benchmarks were looking set to finish this week’s last trading day on a positive note. The pan-European Stoxx 600 was higher by 0.25% on the day, though it was lower by 0.3% on a weekly basis after […]

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.

The headline reading, Retail Sales With Auto Fuel, was released at the level of -0.8% after 0.9% increase a month ago. The market consensus was at the level of -0.1.%. Moreover, the data indicated that the underlying pattern in the retail industry is one of growth; for the three-months on three-months measure, the quantity bought […]

The recent comments from Bank of Japan Governor Kuroda did not cause any substantial reaction on financial markets. During his today’s speech, he reiterated that weakness on the price front is going on and prices will rise towards 2%, so this was nothing new for market participants. In late September, Japanese Prime Minister Shinzo Abe […]

BITCOIN has been quite corrective after the recent impulsive bullish bounce off the $5,000 support area. The bullish trend is expected to push the price higher towards $6,000 price level but ahead of the upcoming November Bitcoin Split the price seemed to be correcting itself in the run to the upcoming volatility in the market. […]

We have reached the midpoint of the last trading day of this week, so let`s see how market players have managed to work out the rate shifts. Euro/Dollar has declined by 67 pips and it puts the pair point 28% in the red at 12 o’clock. Turnover is average and sentiment of the traders is […]

USD/JPY is expected to continue the upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. To conclude, as long as 112.70 is not broken, look for […]