You’re watching the Economic Calendar for Thursday, the 19th of October. Swiss Trade Balance for September is up first at 6 AM, and trade surplus narrowed in August as imports outpaced the exports. UK Retail Sales for September follow at half past 8. Sales have been growing for the past 3 months, and the August […]

It’s noon GMT on this Wednesday so let’s see how traders have performed during the morning session. Euro/Dollar was moving South during most of the session, but some of the loss has been recovered in a late rise. Traded volume is extremely low and neutral sentiment of the traders is almost at an even balance. […]

Don’t buy Your DOW 23,000 Souvenir Hats Yet   The Dow Jones briefly tipped over the 23,000 mark, the first time this has every happened since the founding of the index. Although the Dow closed slightly below the historic high, it did continue its sequence of 50 record closing. Even though it saw a retreat […]

The BITCOIN (BTC) has been trading downwards. The price tested the level of $5.231. Dutch bank ING is flustered over the fact bitcoin consumes so much energy. Recently, the bank released a report saying bitcoin transactions consume as much electricity as a house does in a month. They seem to believe this is problematic since […]

Recently, GOLD has been trading downwards. The price tested the level of $1,278.90. According to the 15M time – frame, I found that sellers are in control and that pivot support 1 at the price of $1,278.95 is on the test. If the price breaks the S1, watch for potentential selling opportunities. The downward targets […]

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. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230. This resulted in a quick bullish advance towards […]

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3139. According to the 15M time – frame, I found strong rejection from sellers at the pivot point at the price of 1.3212, which is a sign that buying looks risky. Stochastic oscilator is in the overbought zone, […]

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. […]

EUR/JPY has been quite corrective and volatile recently after a period of bearish pressure, bouncing off from 133.50 resistance area. JPY has been quite stronger than EUR recently which led to bearish pressure but the long-term trend is still very bullish which is expected to push the price higher again in the coming days. Today […]

The dollar slowly but surely returns with the initiative of preparing for a protracted growth, and there are several reasons for increasing demand for it. The volume of industrial production in September increased by 0.3% compared to August, which is the first increase since June. It shows that the industry has overcome the consequences of […]

Make sure your broker is staying honest by watching the Dukascopy Spike Controller. These are the benchmark interbank price stats for Wednesday. Euro/Dollar’s long term average spread is point 27 pips and peak separation has been 1.7 pips. The pair has moved South from the high of 1 1781, declining by a total of point […]

In Asia, the Nikkei 225 and the broader Japanese index, the Topix, added to the streak of positive closes that saw the two Indices renew multi-year highs, though gains were softer relative to preceding sessions as both benchmarks added just 0.1%. Hong Kong’s Hang Seng advanced by 0.05% with the Shanghai Composite adding 0.3%. Australia’s […]

BITCOIN analysis for 18/10/2017: Users of Blockchain will be able to have their Bitcoin Cash. On October 11, the company announced that it was allowing customers to access their BCH resources. Blockchain informed about his support for the board yet in August. Users have not been able to sell or transfer their Bitcoin Cash yet. […]

EUR/USD: There is a “sell” signal on the EUR/USD pair. The EMA 11 has crossed the EMA 56 to the downside, and the Williams’ % Range period 20 is in the oversold territory. The support line at 1.1750 has been tested and it would be tested again, as price goes towards another support line at […]

Trading plan for 18/10/2017: The FX market remains tight and stock Indices consolidate recent gains. GOLD reverses Tuesday’s gains and Crude Oil is rallying higher by a good API report. The 19th Congress of the Communist Party of China has started, but so far the conference has brought more pompous language than the announcement of […]

Trading plan 10/18/2017 The overall picture – EUR/USD: We are preparing a breakout of the range for the Fed. On Tuesday, trading on the market was calm in the absence of strong news. Our recommendations are the same. We are waiting for the release of EUR/USD from the range and preparing inputs for a breakthrough. […]

These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 4 sell prompts on both its 1 and 4-hour charts, whereas the 24-hour scale turns neutral with 5 models, but the technicals are not confirmed by the interbank, which is bullish at […]

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1. Euro traded lower against the U.S. dollar for the fourth consecutive trading day extending its losses below 1.1750. However even with today’s decline, the total losses over this period was just over 100 pips which is not a big move. The main focus for euro today will be ECB President Draghi’s speech in Frankfurt. […]

U.S. President Donald Trump will interview Janet Yellen this week about potentially reprising her role as Federal Reserve Chair, various media outlets reported Monday.   Janet Yellen became the first woman to head the all-powerful Fed. Her first term is scheduled to end in February. Unlike her predecessor Ben Bernanke, Yellen’s second term is far […]

EURJPY has been neutral since September 25, trading in a broad range between 131.80 and 133.00. Trend and momentum indicators are pointing to more sideways trading in the short-term. On the 4-hour chart, RSI and MACD are flat, while the Ichimoku cloud analysis also shows a lack of direction in the market. EURJPY is currently […]

Our seminar series on Forex trading, started in the MENA countries this autumn, has recently reached two more destinations: Manama, Bahrain, on 11th October and Kuwait City, Kuwait, on 14th October. The topic presented in Manama and then just a few days later in Kuwait City attracted numerous online investors ready to take their forex […]

Markets turned their focus on China on Wednesday, as China’s President Xi Jinping welcomed the biggest political event in the country, the Communist Party Congress, which plays a key role in the global economy. Meanwhile, the announcement of NAFTA talks extending to next year gave room for improvement to the Canadian dollar and to the Mexican peso. The Chinese President […]

Breaking forecast 10/18/2017 EURUSD: We are preparing a breakout of the range for the Fed. On Tuesday, trading on the market was calm in the absence of strong news. Recommendations for trading are the same – wait for the release of EURUSD from the range and preparing inputs for a breakthrough. The output looks more […]

The Dollar index is in a bullish short-term channel breaking above the 4-hour cloud resistance. Price is approaching the 61.8% Fibonacci retracement of the recent decline. A rejection around this area will be a bearish sign and what I expect. The upward bounce is considered corrective. Blue lines – bullish channel The Dollar index is […]