Global macro analysis for 19/10/2017: Australia’s September labor report was another upside surprise, with 19.8k jobs growth and a further fall in the unemployment rate to 5.5% from 5.6% in August (consensus: 15k and 5.6%). Part-time jobs rose by 13.7k, almost same rise as in August, while there was a sharp slowdown in the full-time […]

Global macro analysis for 19/10/2017: In New Zealand, The Labor Party will form a cabinet with the support of the NZ First. The NZD/USD rate is almost 1.5% lower, so this violent reaction of the market is a sign that investors strongly favor the coalition of the Conservative Party with NZ First instead. Moreover, the […]

AUD/USD has been quite volatile and corrective recently residing between the range of 0.7750 to 0.7900 area. Australia posted quite positive economic reports today which helped the national currency to gain over USD but the gain was not quite impulsive as expected. Today Australia’s Employment Change report was published with better than expected figure of […]

The Euro was surprisingly resilient during Thursday’s trading session, despite reports of Spain proceeding with suspending Catalonia’s political autonomy on Saturday. Sterling was under pressure after retail sales disappointed in September. WTI bulls displayed early signs of exhaustion as prices dipped towards $51. With the Dollar weakening, GOLD bulls were inspired to send the metal […]

It`s time for the Dukascopy Midday Snapshot, where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar hit the low of 1 1768 shortly after 8 AM, but a following rise puts the pair point 34% in the green. Turnover is low and sentiment […]

Friday brings the latest Canadian CPI data, so let’s take a closer look with the Economic Calendar. German Producer Price Index for September is up first at 6 AM. The Index has been growing at a steady point 2% pace for the past two months; in particular, energy costs, consumer goods and intermediate goods prices […]

Overview: The NZD/USD pair declined from the level of 0.7069 towards 0.7040. The kiwi has been moving between the levels of 0.7069 and 0.7040 since yesterday. The trend is still set below the 0.7069 level. The resistance for the pair is seen at the levels of 0.7069 and 0.7116. The first resistance and the second […]

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. […]

The EUR/USD pair is moving higher. Morning review. The Federal Reserve’s Beige Book report did not give any support to dollar bulls. On Wednesday, the FRS Beige Book released a report on the state of the US economy based on the regional report on the banks under Fed. All the words in the text are […]

Having missed the 8pm GMT deadline to renounce its claims to Independence, the Catalonia Government now faces losing all its powers as Spain moves forward in suspending Catalonia’s autonomy.   Prime Ministers Rajoy’s government has confirmed that they will implement Article 155 of the constitution restoring full control of Catalonia to Madrid.   The Catalan […]

In Japan, the Nikkei 225 and the country’s broader gauge of equity performance, the Topix, gained 0.4% and 0.3% respectively, extending their streak of positive closes and yet again renewing multi-year highs. Hong Kong’s Hang Seng and the Shanghai Composite declined by 1.9% and 0.35% respectively. Australia’s S&P/ASX 200 added 0.1%. Chinese GDP growth figures […]

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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 Daily financial news by- Binary.com- October 19th, 2017

BITCOIN analysis for 19/10/2017: As it is known, WikiLeaks is a salt in the eye of governments and fraudulent corporations. It is usually publishing secret documents that compromise governments and corporations or place them in the bad light. Because of this, the service has become very uncomfortable and is the target of attacks. So, how […]

EUR/USD: In the short term, this pair is neither bullish nor bearish. It is thus better to remain neutral until price goes above the resistance line at 1.1850 (staying above it), or it goes below the support line at 1.1700 (staying below it). One of these two conditions would result in a directional bias. USD/CHF: […]

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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’s hourly chart is divided between red and neutral models. The mid-term sees 5 bullish signals, and the long-term is mostly neutral. Bullish at more than 15% long, the interbank confirms the 4-hour models. The […]

NZDUSD has shifted its near-term bias to bearish after dropping sharply to break key support at 0.7055. The odds are high for a move towards the next major low in the 0.6800 area. On the 4-hour chart, RSI has fallen into bearish territory below 50, indicating momentum is tilted to the downside. Price action is […]

A day after China’s twice-in-a-decade Communist Party Congress commenced, statistics out of China showed that the economy continued to grow above the government’s annual target, giving more confidence on President XiJinping’s leadership. However, the expansion was slightly softer relative to the previous quarter, with the Australian dollar falling slightly in the wake of the data. […]

Trading plan for 19/10/2017: The overnight trading was again without major changes. EUR/USD is holding around 1.1800, USD/JPY is 113.00 and GBP/USD is trading around 1.3200. The data from China confirmed, that Chinese economy in the third quarter grew at a consensus 6.8% on a yearly basis. On Wall Street moderate gains and relative strength […]

Last minute burning forecast 19/10/2017 GBPUSD – upward. Strong data on the economy of Britain and the Fed’s weak report pushed the Pound upward. In recent days, strong data have emerged for the pound: unemployment in England at multi-year lows; inflation, on the contrary, is breaking records in recent years. The Bank of England is […]

As expected, the US dollar index reversed lower after being rejected at the 61.8% Fibonacci retracement resistance. The entire upward bounce should be in and a lower high is the bearish sign we were expecting. Blue lines – bullish channel The Dollar index has broken out and below the bullish channel. This is the first […]

GOLD price has reached the support at the 61.8% Fibonacci retracement. I expect an upward reversal from current levels. If this does not happen, we should expect gold to fall towards $1,240-50. Blue line – expected move Gold price is testing the lower Ichimoku cloud boundary and the 61.8% Fibonacci retracement. Oscillators are oversold and […]

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