Trading plan for 12/10/2017: At night the US Dollar loses to other major currencies. EUR/USD continues to climb in the direction of 1.19, but the scale of the Euro strengthening is the smallest among the major currencies. USD, AUD and NZD are the strongest against USD. USD/JPY is maintained between 112.00 and 112.50. The Wall […]

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

Morning Report: 07.00 London This morning, the US dollar is continuing to sell off after last night’s Fed minutes revealed a divided Fed who are unsure on how to deal with persistently low inflation. The US dollar index dropped yesterday and is showing renewed weakness this morning. Dollar pairs have consequently enjoyed gains, led by […]

You’re watching the Primary Daily Trading Signals for Thursday. Here’s how the interbank compares with technicals at 8 AM GMT. Euro/Dollar has neutral models prevailing in the short-term. The mid-term turns green with 4 studies, and the daily outlook is back to neutral. The interbank is bullish at more than 15% long, matching the 4-hour […]

The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the Euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is likely to clear out next week. On late Wednesday, […]

Breaking forecast 10/12/2017 The growth of EURUSD will continue. The main event of Wednesday – the report from the last meeting of the Fed (“minutes” of the Fed) – has not changed the mood of the markets. The EURUSD rate continued to grow, playing out the diffusion of tension in relations between Catalonia and Madrid. […]

The Dollar index as expected has made a full-scale reversal since last Friday when we expected for the Dollar to top. Price has broken through cloud support in the short term and is making lower lows and lower highs. Trend is bearish. Black rectangle – support (broken) Yellow rectangle – resistance The Dollar index has […]

GOLD price has broken above the Ichimoku cloud in the short term but has also reached important Fibonacci resistance now. As long as price is above $1,260, bulls will be in control of the trend. A pullback with a higher low is justified and would give more strength to the upside momentum. In the 4-hour […]

Wave summary: EUR/NZD continues to rally nicely and as expected. We expect minor support at 1.6648 will be able to protect the downside for the next rally higher to 1.6824 that should complete red wave iii/ and set the stage for a shallow sideways consolidation in red wave iv/ before moving higher towards 1.7005 in […]

Wave summary: With a little detour to 132.45 wave C moved higher and has now spiked the 133.25 target. We continue to view the entire consolidation since the low of wave A at 131.70 as a corrective B-wave. Corrective B-waves are the most difficult to decipher and trade, because of the multiple different paths they […]

EUR/USD: The EUR/USD has now gone upwards by 130 pips. Price is above the support line at 1.1850; going towards the resistance lines at 1.1900, 1.1950 and 1.2000. These are the ultimate targets for the week, for there is a Bullish Confirmation Pattern in the 4-hour chart. USD/CHF: From the resistance level at 0.9800, this […]

We remain bearish with price testing two major Fibonacci retracement levels at 50% and 61.8% where we expect a reaction from. We adjust our stop loss to 1.1948 right above the gap to give this trade a bit more breathing space. The goal is to continue to sell below 1.1878 resistance (Fibonacci retracement, horizontal overlap […]

The price has continued to rise nicely to our major resistance area as expected. We prepare to sell on major resistance at 1.3269 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level to push the price down to at least 1.3032 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,3,1) […]

This is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar has steadily been trending North and now has R1 of 1 1890 and S1 of 1 1850. R3 is a 2 year high with 5 confirmations, and the lowest resistance line has found 3 matches. R2 is […]

USD broadly declined as the markets digested the release of last month’s FOMC meeting minutes. Many FOMC Members are still concerned with persistently low inflation, which is perplexing many as the US experiences a strong labour force, low unemployment, an increase in average hourly earnings and falling Jobless Claims, which should create inflationary pressure – […]

Yesterday the FOMC stopped acting like a bashful debutante – giggling behind a gloved hand at the mention of “interest rate hike”. Although it seems that the Fed may still be divided about inflation – saying that they would be watching inflation data closely before any interest rate decision is made – the meeting’s minutes […]

USDJPY remains rangebound since the beginning of this year although the recent bullish phase that took prices to the mid-113 handle has shifted to neutral as upside momentum ran out of steam. The market appears to be finding support at the 200-day moving average (MA) and falling below 111.84 would mean a short-term top is […]

When the European market opens, some Economic Data will be released, such as Industrial Production m/m and French Final CPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, Natural Gas Storage, Core PPI m/m, Unemployment Claims, and PPI m/m, so, amid the reports, […]

In Asia, Japan will release the Tertiary Industry Activity m/m, PPI y/y, and Bank Lending y/y data, and the US will release some Economic Data, such as Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, Natural Gas Storage, Core PPI m/m, Unemployment Claims, and PPI m/m. So, there is a probability the USD/JPY will […]

Forex Market Reviews: https://pepperstone.com/en/forex-news/market-review -FOMC dogged by inflation woes. -USD loses ground against another EM currency, -Central banker speech fest from 13.00 GMT. -Q3 earnings from US big hitters today. -More Indices than stocks? The overnight changes and price moves to be aware of by Pepperstone’s Market Analyst, Darren Sinden. New To forex trading? See […]

After a prolonged fall in September, GOLD returns to the game and grows over three trading sessions in a row amid growing uncertainty around North Korea and Catalonia. Russian officials assured that it is ready to launch a long-range missile after the visit to Pyongyang. Moreover, the President of Catalonia signed the Declaration of Independence. […]

Breaking forecast 10/11/2017 Catalonia fueled the rise of EURUSD. On Tuesday evening, the head of Catalonia said that he was postponing proclamation of independence. The embers of the Catalan Parliament signed a declaration of independence – but it has no legal force. The authorities of Catalonia withdrew, faced with strong resistance from both the Spanish […]

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The dollar was the worst performer during the European session on Wednesday as both geopolitical risks and uncertainty over Trump’s fiscal policy dragged the currency lower against other major currencies. Comments by the Chicago Fed President, Charles Evans, and disappointing readings on JOLTS job openings added further losses to the greenback. On the other hand, the Euro was performing the best as the absence of a […]

This Wednesday has been light in terms of economic news releases, so let’s see if it’s equally calm on the FX markets. Euro/Sterling has been moving gradually higher during most of the session and the pair has gained point 44% to post the day’s top move. Catalonia hasn’t formally declared independence from Spain, providing support […]