Recently, the GBP/USD pair has been trading sideways at the price of 1.3300. According to the 15M time – frame, I found doji candles and bearish enguling pattern around the pivot point (1.3290), which is a sign that a buying looks risky. There is an overbought stochastic oscilator, which is another sign of weakness. My […]
Latest News
Let’s see which news releases could move the currency markets on Tuesday, the 17th of October. This is the Economic Calendar. Several news releases regarding the UK economy are up first at 8:30, including the closely watched September CPI. The annual inflation has stood above the Bank of England’s target rate for seven months straight, […]
A new trading week is underway and Dukascopy Forex News Team brings you yet another Spike Controller, so you could assess the fairness of your broker. Point 33 pips is the long term average spread for the Euro/Dollar. Max separation of point 6 pips was posted less than 4 hours ago. The pair has moved […]
Technical Analysis – EURCHF gathers momentum to the downside; bias turns bearish
EURCHF has stalled its uptrend recorded between October 2-12, stretching below the 1.15 key level and the 50-period exponential moving average. The short-term bias has turned bearish in the 4-hour chart according to technical indicators. Both the RSI and the MACD give bearish signals as the former has dropped below its neutral zone, while the […]
How can being a multilingual benefit you in an international business world? Dr Frazer Cairns, The International School of Lausanne You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#220823 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy […]
NZD/USD Intraday technical levels and trading recommendations for October 16, 2017
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 […]
Intraday technical levels and trading recommendations for EUR/USD for October 16, 2017
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. […]
14th October 2017 marks one of the latest important milestones in our corporate company history: XM’s much anticipated annual gala event took place in Kuala Lumpur, which we organized to celebrate the fifth consecutive year of XM’s presence in Malaysia. No other setting than the alpha world city of Kuala Lumpur could have better matched […]
Stock Market News (European Open) – Miners dominate Stoxx 600 outperformers; Japanese equities renew highs
Equities in Asia were rising for the most part. In Japan, the Nikkei added 0.5% and the nation’s broader equity gauge, the Topix, gained 0.6%, both renewing the multi-year high closes set during the previous week; the Nikkei and Topix finished today’s trading at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng […]
Bitcoin analysis for 16/10/2017
BITCOIN analysis for 16/10/2017: According to the news that broke through Russian Minister of Communications Nikolay Nikiforov, in a meeting behind the closed door, the Russian Federation President Vladimir Putin has officially stated that Russia will issue its own “CryptoRuble” digital currency. This cryptocurrency cannot be mined and will be issued, controlled and maintained only […]
Trading plan for 16/10/2017
Trading plan for 16/10/2017: The first trading hours this week bring little traffic to the currency market. Data from China have gone unnoticed; nervous reactions also are not seen after the election results in Austria. Crude Oil goes up for fear of new sanctions for Iran. EUR/USD is trading around the level of 1.1800, USD/JOY […]
Good morning, traders, the Dukascopy TV team is here with Monday’s Main Daily Trading Signals. Euro/Dollar sees 4 and 6 bearish models on its 1 and 4-hour charts, respectively. The 24-hour scale turns neutral with 5 models, in line with the less than 15% long interbank. The Cable has neutral models prevailing in the short-term. […]
Technical Analysis – Gold holds bullish short-term outlook above 1300 level
GOLD is tracking higher after bouncing from the 1260.5 low and prices have been rising steadily since October 6. There is room for a further extension higher after a bullish signal was given by the crossover of the 20 and 50-period moving averages on the 4-hour chart. While risk is tilted to the upside, the […]
Breaking forecast 10/16/2017
Breaking forecast 10/16/2017 EURUSD: Prepare to break the boundaries of the range. The situation on EURUSD is uncertain. Last week, its rise stopped – buyers faced strong resistance from sellers in the zone of 1.1870-1.1880. At the same time, it’s too early to talk about a full reversal. Formed a range within the boundaries of […]
Trading plan 16 – 10/20/2017
Trading plan 16 – 10/20/2017 The general picture: News did not clarify. Last week there were two main events: The ECB and news on inflation in the US. The ECB unexpectedly merged information about the decline in the QE program 2 times since January (from 60 billion euros to the market every month to 30). […]
The Dollar index has not managed yet to make a correction up to the 38% Fibonacci retracement. Price is below the Kumo (cloud) implying weakness and inability to bounce harder. The Dollar index is trading between the kijun- and the tenkan-sen. Price is below the Kumo (cloud) in the 4-hour chart. Trend is bearish and […]
GOLD price is making new higher highs today in early trading. Price has broken through the 38% Fibonacci retracement very easily as it should, since we are in a bullish trend towards new highs. Longer-term view on gold price remains bullish looking for a move above $1,400. Gold price is trading above both the tenkan- […]
Technical Analysis: 16/10/2017 – Gold hits 3-week high; positive momentum possibly weakening
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Bullet Report: Top 5 things to know in the market today, October 16th
1. It was the first week that the Dollar closed weaker against all other major currencies, losing nearly 2% of its value versus GBP and falling more than 1% against AUD and NZD. Traders are now carful to assess how the USD will behave until the end of the year, as we approach the last […]
The US dollar index erased October’s strong trading gains and fell below its key 200-week moving average last week, as a less dovish than expected FOMC Meeting Minutes and worse than expected US inflation data pushed the greenback lower. Inside the Fed Minutes, Federal Reserve officials reiterated that they saw the US economy expanding at […]
Forex Market Review (Asian Session) – Euro slips as Austria shifts to the right; dollar edges up after Yellen bets on higher inflation
The Euro was on track to post a third consecutive red candle in Asia after Austrian national elections during the weekend heightened political risks in Europe, while markets are eagerly anticipating what the Catalan leader will say today before his deadline. On the other hand, the dollar managed to edge up against a basket of major currencies […]
We would like to inform our clients that the upcoming Japanese General Election, which will take place on 22nd October 2017, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally. In light of the elections, and in order to protect our […]
It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Report. Euro/Dollar has the closest levels of 1 1820 in resistance and 1 1780 in support. R1 is a 20 day moving average with 7 studies, and R2 is a 50 day moving average with 5 models. R3 […]
Morning Report: 07.00 London This morning, the Euro is trading lower after Austria opted to elect the world’s youngest leader at 31, with the far right freedom party scoring its best results in two year. The EUR/GBP is trading lower again, while EUR/USD slips for the third day in a row. Dollar pairs are on […]
US Inflation Disappoints
On Friday, US Consumer Price Index data was released and failed to impress the markets. With US gasoline prices spiking, following the disruption caused by the recent Hurricanes, consumer prices rose the most in eight months to 1.6% in September – coming up short of the forecast of 1.7%. Additionally, annualized inflation missed its forecast […]