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Market Shot – The Dollar Dips to 12 day Low

It has not been the best year of the dollar, political uncertainty and scandal, multiple Trump Administration resignations and dismals, more recently the friction between the U.S./N. Korea and the drop in Non-Farm Payroll have seen the dollar swing wildly on the markets. With the FOMC minutes release just hours away (scheduled at 18.00 GMT) […]

12.10.2017 – Economic Calendar by Dukascopy

Let’s see which news releases could move the currency markets on Thursday, the 12th of October. This is the Economic Calendar. Euro Zone Industrial Production for August is up first at 9 AM. Output rebounded in July but not enough to offset a point 6% drop the previous month. Coming up next at 12:30 PM […]

11.10.2017 – Spike Controller by Dukascopy

It`s Wednesday and you`re watching the Dukascopy Spike Controller, where we`ll take a look at the benchmark interbank price stats for 3 non-cross majors. Euro/Dollar’s long term average and maximum spreads are point 28 and 1.3 pips respectively. The pair gained a total of point 61% or 72 pips, but some of the gains were […]

Global macro overview for 11/10/2017

Global macro overview for 11/10/2017: Kerstin af Jochnick, first deputy governor of Riksbank, in his speech today decides to uphold the position of the remaining members of the Swedish central bank. Jochnick is optimistic about rising inflation trends and the influx of more satisfactory data. In her opinion, Riksbank must have relatively stable land for […]

Global macro overview for 11/10/2017

Global macro overview for 11/10/2017: The event of the day is the September’s Fed Meeting Minutes release accompanied by the publication of new projections and the Chairperson Jannet Yellen conference. For this reason, attention will be focused primarily on the distribution of forces between the supporters of the thesis that the weakness of inflation being […]

Bitcoin analysis for October 11, 2017

The BITCOIN (BTC) has been trading downwards. The price tested the level of $4.692. The President of the Russian Federation, Vladimir Putin, held a meeting on Tuesday to discuss cryptocurrencies. It was attended by top regulators including the central bank governor, her deputy, and the finance minister. While Putin acknowledged the risks associated with cryptocurrencies, […]

11.10.2017 – Midday Snapshot by Dukascopy

It’s noon GMT on this Wednesday and time for us to take a look at the performance of the market players. Euro/Dollar has traded in a total range of 50 pips and the pair sees 23% less than typical funds. Sentiment of the traders is neutral, at an even balance. Rate movement has been calmer […]

GBP/USD analysis for October 11, 2017

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3180. According to the 15M time – frame, I found breakout of 3-day upward channel, which is sign that buying looks risky and that sellers started distribution. There is also a hidden bearish divergence on the moving average oscillator, which is another […]

Analysis of Gold for October 11, 2017

Recently, GOLD has been trading sideways at the price of $1,289.00. According to the 15M time – frame, I found that price has broken the upward channel in the background, which is a sign that buying looks risky. I also found a bearish flag (bearish pattern) in creation, which is another sign of weakness. My […]

Trading Plan for EUR/USD and US Dollar Index for October 11, 2017

Technical outlook: The EUR/USD pair looks to have terminated its first leg labelled as A, within its 3 waves A-B-C corrective rally towards 1.1900/30 levels going forward. A short-term chart view presented here already suggests that the pair should be now looking to drop lower terminating into wave B around 1.1730 levels before turning bullish […]

Strong Dollar Policy

Today, the minutes of the September 20 meeting of the Federal Open Market Committee (FOMC) will be published. The text of the protocol is of interest from the point of view of assessing the financial risks that the US economy may face in the process of tightening financial conditions. The policy of a strong dollar, […]

Fundamental Analysis of USD/CHF for October 11, 2017

USD/CHF has been volatile with bullish gains that is expected to come to an end as bearish pressure is already emerging in the market now. USD has been quite mixed amid economic reports for the last few weeks which have helped the American currency to develop a corrective volatile bullish bias. But recent positive economic […]

Daily financial news by- Binary.com- October 11th, 2017

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 11th, 2017

Bitcoin analysis for 11/10/2017

BITCOIN analysis for 11/10/2017: Bitcoin developer Xapo said it would not necessarily treat the BTC as “real” Bitcoin after the SegWit2x update. When discussing Bitcoin Cash, which was launched in July, Xapo CEO Wences Casares confirmed that Bitcoin would be “the most difficult chain”. This move is a strong appeal to support the SegWit2x chain […]

Trading plan for 11/10/2017

Trading plan for 11/10/2017: The Japanese Nikkei 225 index closes at highest level since 1996. The European Indices follow the sentiment in Asia and open higher as well. EUR/USD is trading close to 1.1830 resistance, USD/JPY is trading at 112.41, virtually unchanged. GOLD declines a little and Crude Oil rally towards $51.21 level. On Wednesday, […]

Daily analysis of major pairs for October 11, 2017

EUR/USD: A bullish signal has been generated on the EUR/USD pair. Price has gained more than 80 pips this week, and it is now above the support line at 1.1800, going towards the resistance line at 1.1850 (the initial target). There are other targets at the resistance lines of 1.1900 and 1.1950, which would soon […]

Forex Market Review (Asian Session) – Euro holds strong as Puigdemont delays Catalonia’s independence; dollar heavy amid concerns on tax legislation

The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the Euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul failing to turn into law. While […]

Technical analysis of USD/JPY for October 11, 2017

USD/JPY is expected to trade with a bullish outlook. Although the pair made a pullback, it is still trading above its rising 50-period moving average. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Therefore, as long as 112.15 is support, a further upside to 112.55 and even to […]

Technical analysis of GBP/JPY for October 11, 2017

GBP/JPY is expected to trade with a bullish outlook above 147.80. The pair has turned up and is likely to continue a new rebound. The rising 20-period and 50-period moving averages play well support roles. Besides, the relative strength index is bullish, calling for further upside. Therefore, as long as 147.80 is not broken, look […]