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) […]
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Stock Market News (US Open) – Spanish equities outperform as tensions ease in Catalonia; main US indices open little changed
Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government […]
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 […]
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: 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: 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 […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 […]
NZD/USD Intraday technical levels and trading recommendations for October 11, 2017
Daily Outlook In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). However, 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 […]
Intraday technical levels and trading recommendations for EUR/USD for October 11, 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. […]
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Technical Analysis: 11/10/2017 – EURGBP bullish short-term picture with RSI on the rise
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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 11th
1. There might be some more action late night tonight as FOMC minutes tonight are likely to confirm that the Fed is on track for a December hike, although with the market pricing this in with around a 70% chance, it may not change expectations much. However, the minutes may reveal more about how the […]
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, […]
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 […]
Technical Analysis – EURJPY lacks direction; maintains range but near-term risk tilted to upside
EURJPY maintains a neutral short-term bias and has been trading in a range late September. The consolidation phase is expected to continue due to the lack of clear direction in the market. Looking at the 4-hour chart, the recent uptick in RSI indicates the easing in downside pressure as EURJPY moved to the upper end […]
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 […]
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 […]
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 […]