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01.08.2017 – Midday Snapshot by Dukascopy

Post by on August 1, 2017

It’s noon GMT on the first trading day of August, so let’s find out how successful it has been for the currency traders. Euro/Dollar shows little rate movement, but the pair has attracted an average amount of funds. Neutral sentiment of the market players is almost at an even balance. The generally flat rate movement […]

01.08.2017 – Spike Controller by Dukascopy

Post by on August 1, 2017

Dukascopy TV team has been monitoring the benchmark interbank price stats so you can make sure you get the best deals from your broker. Euro/Dollar’s long term average spread is point 32 pips and maximum separation has been 2 and a half pips. The pair pushed above the 1 18 level yesterday as it gained […]

EUR/CHF analysis for August 01, 2017

Post by on August 1, 2017

Recently, the EUR/CHF pair has been trading upwards. As I expected, the price tested the level of 1.1453. Anyway, today the price went to test the upward trend line (support), which is holding good and my advice is to watch for potential buying opportunities. The stochastic is showing an oversold condition, which is another good […]

EUR/CHF analysis for August 01, 2017

Post by on August 1, 2017

Recently, the EUR/CHF pair has been trading upwards. As I expected, the price tested the level of 1.1453. Anyway, today the price went to test the upward trend line (support), which is holding good and my advice is to watch for potential buying opportunities. The stochastic is showing an oversold condition, which is another good […]

GBP/USD analysis for August 01, 2017

Post by on August 1, 2017

Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.3239. Anyway, according to the 15M time frame, I found a fake breakout of yesterday’s high at the price of 1.3225, which is a sign that buying looks risky today. There is also a hidden bearish divergence on […]

GBP/USD analysis for August 01, 2017

Post by on August 1, 2017

Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.3239. Anyway, according to the 15M time frame, I found a fake breakout of yesterday’s high at the price of 1.3225, which is a sign that buying looks risky today. There is also a hidden bearish divergence on […]

01.08.2017 – Economic Calendar by Dukascopy

Post by on August 1, 2017

Let’s see which news releases could move the currency markets on Wednesday, the 2nd of August. This is the Economic Calendar. Swiss Consumer Confidence for July is out first at 5:45 AM. The previous report covered the three months up to April and showed a drop of 5 points, which brought the Index back to […]

Rye Patch Gold – Nevada’s Latest Gold Producer

Post by on August 1, 2017

Company introduction to Rye Patch GOLD, Nevada’s newest gold producer. Commercial production is scheduled for Q3-2017 with an annual production of 75,000 ounces gold equivalent rising organically to 100,000 ounces gold equivalent in 2019 and beyond, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive […]

Daily analysis of major pairs for August 1, 2017

Post by on August 1, 2017

EUR/USD: This pair is in a strong bullish mode; it trended upwards yesterday continuing the general bullishness that has been seen so far this year. The price is currently above the support line at 1.1800 and it may reach the resistance line at 1.1850, which would be breached to the upside if the price goes […]

Daily analysis of major pairs for August 1, 2017

Post by on August 1, 2017

EUR/USD: This pair is in a strong bullish mode; it trended upwards yesterday continuing the general bullishness that has been seen so far this year. The price is currently above the support line at 1.1800 and it may reach the resistance line at 1.1850, which would be breached to the upside if the price goes […]

Daily financial news by- Binary.com- August 1st, 2017

Post by on August 1, 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- August 1st, 2017

01.08.2017 – Trading Signals by Dukascopy

Post by on August 1, 2017

Good morning, traders, hese are the Main Daily Trading Signals for Tuesday. Bearish signals prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 4 and 7 studies, respectively, and they are in line with the more than 20% long interbank. The Cable has neutral signals dominating in the short-term. The […]

Technical analysis of AUD/USD for August 1, 2017

Post by on August 1, 2017

AUD/USD has recently broken out of a multi year consolidation triangle pattern and is in a weekly bullish trend heading for 0.87. Short-term trend is bullish but over the next few weeks, we might see a deeper pull back which will be a huge buying opportunity. Blue lines – bullish channel The AUD/USD is trading […]

Technical analysis of USDCAD for August 1, 2017

Post by on August 1, 2017

The USD/CAD pair has paused its strong decline just above 1.24 and shows signs of a possible reversal. The minimum bounce target is at 1.27 but if we get a confirmed reversal soon, I expect see this bounce to extend even towards 1.2850-1.29. Blue line – resistance and trend reversal levels The short-term trend remains […]

Trump Watch: Healthcare Debate Continues

Post by on August 1, 2017

The past week has not been the best one yet for Trump! A last-ditch effort to save the GOP healthcare bill, fell flat on its face this week, putting U.S. President Donald Trump in the unenviable position of having to carve a new path for his administration. Trump healthcare bill rejected After Senate Republicans failed […]

Technical analysis of USDX for August 1, 2017

Post by on August 1, 2017

The Dollar index remains in a bearish trend making lower lows and lower highs. Price is at the same levels it was back in May of 2016 and major support area. Oscillators are in oversold territory but not diverging in the weekly charts, implying that even a strong bounce will be a shorting opportunity. Blue […]

Technical analysis of gold for August 1, 2017

Post by on August 1, 2017

GOLD price remains in a bullish trend. In the short-term price is moving sideways in a tight range between $1,271 and $1,265. There are more chances for an upward break out and an extended to move higher towards $1,295-$1,310. Short-term support by the kijun-sen (yellow line indicator) is found at $1,257. Cloud support on the […]

01.08.2017 – Support and Resistance by Dukascopy

Post by on August 1, 2017

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has been trending higher and now stands between R1 of 1 1850 and S1 of 1 18. R1 has found 7 matches, including Price Channel Indicator Upper Line and a 2 year high, while R3 is a […]

RBA Keeps Official Cash Rate At 1.5%

Post by on August 1, 2017

Earlier this morning, the Reserve Bank of Australia kept its official cash rate on hold, at 1.5%, as the market had expected. Australia’s headline inflation for the year to date of 1.9% is below the RBA’s target band of 2 to 3%, so any hike in interest rates was always unlikely. More so, export demand […]

Trading plan for 01/08/2017

Post by on August 1, 2017

Trading plan for 01/08/2017: The news of the day is the Reserve bank of Australia (RBA) interest rate decision. The RBA kept expectations unchanged at 1.5%. As a result, the AUD since the morning is the strongest currency against the dollar. Asian indexes started August on gains supported by a better read of the Chinese […]

Global macro overview for 01/08/2017

Post by on August 1, 2017

Global macro overview for 01/08/2017: The Reserve Bank of Australia decided to keep the interest rate unchanged at the level of 1.5% as expected. In the monetary statement, the RBA expressed concerns regarding the recent rise in the Australian dollar, that is weighing on the outlook for output and employment. The strong national currency is […]

Elliott wave analysis of EUR/NZD for August 1, 2017

Post by on August 1, 2017

Wave summary: Finally, EUR/NZD is moving higher again. The break above 1.5743 is the first good indication that the red wave ii/ completed with the test of 1.5527 and that the red wave iii/ higher to 1.6236 is developing now. Support is seen at 1.5680 with back-up support at 1.5587. The later should be able […]

Elliott wave analysis of EUR/JPY for August 1, 2017

Post by on August 1, 2017

Wave summary: We have not much to add here. EUR/JPY remains struck just below resistance at 130.77 and only a break above here will clear the way for the next rally higher towards 133.46. Support is seen at 130,00 which is expected to be able to protect the downside for the break above 130.77. However, […]