USD/CHF has been quite volatile with bullish gains and is currently trading inside the resistance area range between 0.9770 and 0.9860. USD has been quite positive amid economic reports recently which helped the US currency to gain over CHF and counter well. Recently, Switzerland’s Trade Balance report was published with an increased figure of 2.92B […]

Dovish commentary from some Bank of England members, back tracking from their previous hawkish tone. Soft UK retail sales data, which is contracting. Choppy trading for the Euro given the political instability surrounding Spain. USD boosted by US tax cut progress. You can view this video and the full video archive on the Dukascopy TV […]

The trading week may be coming to an end, but don’t let your guard down and compare your broker’s price feed with the Spike Controller. Euro/Dollar’s average and peak long time spreads stand at point 29 and 1.7 pips, respectively. This pair saw a drop this morning, losing point 57% or 67 pips from its […]

Hello traders, let’s see which news releases stand out on Monday, the 23rd of October. Coming up first at 12:30 PM GMT is the Chicago Fed National Activity Index for September. The Index slipped in the negative territory in August as industrial production and personal consumption both went down. Canadian Wholesale Trade for August is […]

UK and US GDP numbers for Q3 the big economic release whilst markets look to the ECB’s taper announcement. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX […]

German Chancellor backs up UK PM May When you are down there is nothing like a friend who can give you a helping hand to give you a lift. Yesterday, Theresa May who is in a fight to save her job and keep her shattered Conservative Party together, got the support she greatly needed and […]

In Asian markets, the Nikkei 225 and the broader Japanese index, the Topix, finished the day marginally higher, closing at their highest since October 1996 and July 2007 respectively. Hong Kong’s Hang Seng added 1.2% after yesterday’s sell-off and the Shanghai Composite rose by 0.3%. Australia’s S&P/ASX 200 advanced 0.2%. Japan will be going to […]

Our first target which we predicted in yesterday’s analysis has been hit. NZD/USD is still uder pressure. The pair accelerated on the downside and is trading below its descending 50-period moving average. The relative strength index is below its neutrality level at 50. To conclude, as long as 0.7060 holds on the upside, look for […]

Overview: The USD/CHF pair continues to move upwards from the level of 0.9744. Since the trend is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100). The USD/CHF pair didn’t make any significant movements yesterday. Hence, the market is indicating a bullish opportunity […]

Overview: The NZD/USD pair has dropped sharply from the level of 0.7067 towards 0.6972. Now, the price is set at 0.6985 to act as a minor suport. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7020 and 0.6900 in coming hours. Furthermore, the price has […]

Trader’s psychology is a frequently used term, for good reason too – it is a collection of multiple characteristics that are important to be able to follow your trading strategy and achieve your investment goals. Let’s take a look at those characteristics:   Trader’s Psychology Trading Discipline Perspective Mental Fortitude Stress management Risk Management   […]

BITCOIN analysis for 20/10/2017: On October 16, Ilan Goldfajn, president of the Central Bank of Brazil (Banco Central do Brasil), disregarded Bitcoin. He said: “Bitcoin is a financial asset without the ballast people buy because they believe it will grow. This is a typical bubble or pyramid.” Many huge jumps in value made Goldfajna’s unfavorable […]

Trading plan for 20/10/2017: The US Senate approved the budget for 2018 yesterday. In the first reaction, EUR/USD fell from around 1.1850 to 1.18. USD/JPY shot up to 113.30 and GBP/USD went down at 1.31. US Dollar gains versus other majors without exception and in the Asian session, the weakest are JPY and NZD and […]

These are the Friday’s Dukascopy Daily Trading Signals and here’s how the technical studies line up with the interbank sentiment at 8 AM GMT. Most of the hourly studies are pointing South for the Euro/Dollar. Mid term outlook is neutral and long term brings mixed results. Interbank sentiment is bullish at 17% long. Pound/Dollar has […]

British inflation is surging, and the Bank of England (BOE) is seriously considering raising interest rates sooner rather than later. So then why is the British Pound failing to pick up speed? The answer lies in Mark Carney’s latest warning on Brexit.   The U.K.’s consumer price index (CPI) reached 3% in the 12 months […]

GBPJPY has been trading in a range during the past two weeks and is pivoting around the 20 and 50-period moving averages which are converging around the 148.50 level. This also happens to be the 38.2% Fibonacci retracement of the recent rally from 141.34 to 152.85. Support is expected at the 50% Fibonacci at 147.11. […]

The approval of a budget blueprint for the 2018 fiscal year, drove the dollar higher against its major counterparts on Friday in Asia, while the kiwi extended its losses in the face of economic uncertainties which might emerge under the new coalition government. Trump’s tax plan, which promises substantial tax cuts to businesses and individuals, is ready to move to the House […]

Burning forecast 10/20/2017 The crisis of Catalonia played against the Pound – but the trend has not been reversed. We continue to buy the GBPUSD pair. On Thursday, the rate of the pound along with the Euro came under selling pressure. I believe that this is due not only because of the U.K.’s difficult negotiations […]

Trading plan 10/20/2017 Euro cannot determine the direction, but the traffic is close. The pair EUR/USD attempted to organize growth rate on Thursday, but for the third time in a week, it could not overcome the downward resistance line of the day order (the TD-line, or Tom DeMarck’s line, is marked by a thick line […]

EUR/CAD has been impulsively bullish recently, heading upwards. CAD has weakened amid recent economic reports that helped EUR to gain momentum against. Today, German PPI report was published with a positive figure, showing an increase to 0.3% from the previous value of 0.2% which was expected to decrease to 0.1%. Besides, Current Account report is […]

The Dollar index reached the short-term 93 support level and bounces higher now. Price is in a short-term neutral trend as the index is mainly moving sideways between 94-93 levels. Blue line – resistance trend line Rectangle – support The Dollar index has reached the upper boundary of the 4-hour Kumo (cloud). 93.50 is the […]

GOLD price stopped its recent rise from $1,277 support at the short-term resistance at $1,290. Price pulled back overnight towards $1,282 where the 61.8% Fibonacci retracement of the latest rise is found. As can be seen in the 30min chart above, price has stopped the decline at the 61.8% Fibonacci retracement. Short-term support is at […]

After a disastrous year, the U.S. dollar has finally shown signs of real progress. Earlier this month, the U.S. dollar index (DXY) jumped to its highest level since August on political support and weakness from other major currencies. The dollar index, a measure of the greenback against a basket of six peers, reached a settlement […]

Morning Report: 07.00 London This morning, the New Zealand dollar remains on the back foot after heavy selling yesterday. Markets took an instant dislike to the nation’s new Labour leader, with the NZD/USD now down 2.55% on the week. The Yen continues to retreat ahead of the weekend’s Japanese elections, with the USD/JPY set to […]

Good morning traders, the Dukascopy TV team is here with this week’s last Support and Resistance Level Report. Euro/Dollar has lost some ground and now stands below R1 of 1 1830 and above S1 of 1 18. The lowest resistance line has found 5 matches, and Bollinger Upper Band is among the 3 models for […]