The Federal Reserve ended its 2-day meeting on Wednesday with, as expected, no change in US interest rates. The Fed commented that US inflation had declined, notably removing the often said “recently” which has been conceived as meaning the slowdown might not be temporary. The Fed also said it expected to start winding down its […]

The US Federal Open Market Committee, fully in line with expectations, left the federal funds rate unchanged at 1.00%-1.25%. The final comment was subject to minor changes that did not change the overall meaning of the document, but the players saw signs of weakness in it, which ultimately led to a large-scale sale of the […]

EUR/USD: The EUR/USD has again, set out riding northwards this week, just as it did last week. The price has gained roughly 100 pips, and it is now testing the resistance line at 1.1750 (which was briefly breached yesterday). The current price action indicates further bullish movement. USD/CHF: A sudden weakness in CHF caused a […]

What did the Fed decide? (Commentary to the Federal Reserve’s decision of July 26, 2017) While maintaining the base interest rate in the target range of 1.00% -1.25%, the Federal Open Market Committee of the US Federal Reserve commented on its decision and the current economic condition in the country: The Fed noted the continued […]

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: A calendar of two halves. The Fed holds rates, but will unwind “soon” US Dollar falls to new lows. GOLD rallies so does the Aussie $. China is Hungary for reminbi debt. Who owns your bonds?

When the European market opens, some Economic Data will be released, such as Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and Spanish Unemployment Rate. The US will release the Economic Data, too, such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, Unemployment Claims, and […]

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Natural Gas Storage, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m. So, there is a probability the USD/JPY will move with low to medium […]

The price is right on major resistance at 1.1746 (Fibonacci extension, channel resistance) and we expect to see a reaction off this level for a drop towards 1.1617 support (Fibonacci retracement, multiple swing low support). Stochastic (34,5,3) is seeing major resistance below 98% where we expect a corresponding reaction from. Correlation analysis: USD/CHF and EUR/USD […]

The price is now testing major support at 0.9493 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to at least 0.9566 resistance (Fibonacci retracement. Stochastic (34,5,3) is fast approaching 6.4% where we expect a bounce from that corresponds to price too. Correlation analysis: USD/CHF and EUR/USD are negatively […]

The price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 94% where we expect a reaction from soon. Sell below […]

The price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing a reaction off our 95% resistance with good downside potential to play […]

The price has dropped nicely from yesterday and we remain bearish below 88.92 resistance (Fibonacci extension, Fibonacci retracement, Elliott wave theory, bearish divergence) for a drop towards 88.17 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 95% where we expect a reaction from soon. We can also see bearish divergence […]

We prepare to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory). Stochastic (21,5,3) is reacting nicely off our 93% resistance with good downside potential. Correlation analysis: We are seeing JPY strength with AUD/JPY, EUR/JPY and USD/JPY expecting […]

Having completed the week ending July 21 with the best results for the last two months, GOLD began to retreat amid rising yields on Treasury bonds and positive statistics on business activity and consumer confidence in the US. This recent successes are connected to the deteriorating political landscape in the United States, the fall of […]

Overview: The USD/CHF is still trading around the area of 0.9579-0.9525. The trend probably will continue to trade downwards from the level of 0.9525 again. Today, the first resistance level is currently seen at 0.9525, the price is moving in a bearish channel now. According to the previous events, we expect the USD/CHF pair to […]

Overview: The NZD/USD pair is continuing to rise from the level of 0.7471 in the long term. It should be noted that the support is established at the level of 0.7471 which represents the 78.6% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in the same time […]

USDX is approaching the 200 SMA at H1 chart, where a bearish momentum could be gained in order to test levels below the psychological zone of 94.00. As long as the greenback stays below that moving average, we can expect weakness towards the support level of 93.29. To the upside, the nearest target lies at […]

GBP/USD made a rebound once again above the 200 SMA at H1 chart and the focus is now placed around 1.3106, where a resistance could be found. Overall, the bullish structure still remains strong and as long as the pair stays above the psychological level of 1.3000, we can expect further strength in the near-term. […]

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We are just hours away from the key FOMC monetary policy statement, so let’s see where the 8 major currencies stand at 3 PM GMT. New Zealand Dollar/Swissie had a slow start of the day, but the pair rose sharply after 6 AM and a gain of point 75% has been posted, which is the […]

GBP/JPY is expected to trade with bullish outlook as far as support holds at 145.30. The pair is trading above its rising 20-period and 50-period moving averages, which are playing support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. In addition, 145.30 […]

This is the Dukascopy Midday Snapshot, where we take a look at how the market players have performed over the 12 hours to noon. Euro/Dollar has moved back and forth in a total range of just 41 pips. Traded volume is average and neutral sentiment of the traders is leaning towards the short side by […]

EUR/GBP has been in a bullish non-volatile trend recently which is currently showing some retracement bouncing off from 0.8960 area. Euro has been quite positive in nature recently and had good economic reports as well which helped the currency to gain against the GBP where GBP is suffering from bad economic reports and political unrest […]

Another 24-hours of trading gone by, and we’re once again reporting on the benchmark interbank spreads to make sure you can measure your broker’s appetite. Euro/Dollar’s long term average spread is point 28 pips and peak of 1.3 pips was posted less than 4 hours ago. Brief visit above the 1 17 level was followed […]

Good morning traders, the Dukascopy TV team brings you the Main Daily Trading Signals for Wednesday. The first pair for this report is the Euro/Dollar, which sees 5 sell prompts on both its 1 and 4-hour charts and 5 bullish signals on its 24-hour scale. The interbank is bullish as well at more than 19% […]