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18.07.2017 – Economic Calendar by Dukascopy

Post by on July 17, 2017

Let’s see which news releases could move the currency markets on Tuesday, the 18th of July. This is the Economic Calendar. A number of news releases regarding the UK economy are up first at 8:30 AM, including the closely watched June CPI. The annual inflation rose to a 4-year high in May on the back […]

17.07.2017 – Midday Snapshot by Dukascopy

Post by on July 17, 2017

You’re watching the Midday Snapshot where we take a look at how the market participants have performed over the 12 hours to midday. Euro/Dollar declined by only 40 pips, but a following rise has wiped out most of the loss. Turnover s high and sentiment of the trades is neutral, long positions are in the […]

EUR/USD analysis for July 17, 2017

Post by on July 17, 2017

Recently, the EUR/USD pair has been upwards. As I expected, the price tested the level of 1.1475. I found an upward channel that means that buyers are in control today. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at […]

USD/JPY analysis for July 17, 2017

Post by on July 17, 2017

Recently, the USD/JPY has been downwards. As I expected, the price tested the level of 112.26. The first downward target at 112.85 has been reached. Anyway, according to the 4H time frame, I found a successful breakout of support and re-test, which is a sign that sellers are in control. My advice is to watch […]

17.07.2017 – Spike Controller by Dukascopy

Post by on July 17, 2017

Our Spike Controller is the best way to ensure you are getting the best possible deals from your broker every day. Point 39 pips is the long term average spread for the Euro/Dollar. Maximum of point 8 pips took place less than an hour ago. The pair has slipped from the early high, declining by […]

Elliott Wave Ananlysis of EUR/NZD for July 17, 2017

Post by on July 17, 2017

Wave summary: After the spike down to 1.5419, we are looking for a new rally to and above resistance at 1.5899 for a continuation to 1.6236 and even higher longer-term. Support is now seen at 1.5419 and is expected to be able to protect the downside. Trading recommendation: We are long EUR from 1.5510 with […]

Elliott Wave Ananlysis of EUR/JPY for July 17, 2017

Post by on July 17, 2017

Wave summary: EUR/JPY continues to point lower in a correction, which ideally will reach a low of 126.39 before turning higher again towards at least 1.3346. Short-term minor resistance is seen at 129.52, which we expect will cap the upside for a deeper corrective decline. Trading recommendation: We are short EUR from 129.85 with stop […]

Daily analysis of major pairs for July 17, 2017

Post by on July 17, 2017

EUR/USD: This pair has been able to maintain its bullishness so far; though price moved in a zigzag manner. The pair closed above the support line of 1.1450 on July 14, now targeting the resistance line at 1.1500 (the initial target for the week). As soon as price exceeds the resistance line, it would go […]

Daily financial news by- Binary.com- July 17th, 2017

Post by on July 17, 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- July 17th, 2017

17.07.2017 – Trading Signals by Dukascopy

Post by on July 17, 2017

These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technical indicators at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which sees 5 sell prompts in the short-tem and 5 neutral models in the mid-term. The daily outlook turns bullish with no less […]

Monday Market Outlook 17-07-2017

Post by on July 17, 2017

What is the Market Outlook this week? Welcome to the EasyMarkets weekly outlook starting this Monday 17 July. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. The week kicks off with major economic data out of China and then key inflation data from Europe, New Zealand […]

Global macro overview for 17/07/2017

Post by on July 17, 2017

Global macro overview for 17/07/2017: Good news came from China as the economy expanded faster than anticipated. The National Bureau of Statistics revealed, that the second quarter Chinese GDP grew by 1.7%q/q, up from 1.3% printed a quarter earlier. The world’s biggest emerging market’s growth improved to 6.9% on a yearly basis. The retail sales […]

Technical analysis of USDX for July 17, 2017

Post by on July 17, 2017

The Dollar index has broken below horizontal support at 95.50. Price is now trying back test the break out area. If the break down was real, we should see a rejection and a move lower. Red lines -resistance Blue lines – support (broken) The Dollar index has bearish target of 94.70. If however we see […]

Technical analysis of gold for July 17, 2017

Post by on July 17, 2017

The GOLD price as we expected has broken out of the bearish short-term channel. The trend has reversed to bullish and my minimum expected target is at $1,260 this week. There we could see a pull back but overall I believe a larger degree move higher has started. Blue lines – bearish channel The Gold […]

Divergences Analysis GBP / USD on July 17

Post by on July 17, 2017

4h On the 4-hour chart, the GBP/USD pair completed consolidation above the correction level of 161.8% – 1.3076. As a result, on July 17, the process of a growth in prices can be continued in the direction of the next correction level of 200.0% – 1.3305. Emerging divergences are not currently observed in any indicator. […]

Trading plan for 17/07/2017

Post by on July 17, 2017

Trading plan for 17/07/2017: The SP500 closed with a daily candle close to all time highs, so the overall mood on the financial markets is very positive. EUR/USD is trading close to 1.1450, USD/JPY is trading around 112.50 level. GBP/USD broke above the important resistance at 1.3045 and now is trading around this level. The […]

17.07.2017 – Support and Resistance by Dukascopy

Post by on July 17, 2017

It’s a new trading week, and the Dukascopy TV team is back with another Support and Resistance Level Report. We start with the trader’s favourite pair, the Euro/Dollar, which has R1 of 1 1490 and S1 of 1 1450. R1 is confirmed by Price Channel Indicator Upper Line, a psychological level and 2 other studies, […]

The euro has the potential to grow

Post by on July 17, 2017

Eurozone The coming week may bring a revision of the Euro‘s prospects and the market as a whole due to the fact that the European currency will get an additional opportunity to continue growth. In one of his recent speeches, ECB President Mario Draghi said that in order to understand the dynamics of inflation, it […]

Forex Market Wrap 17/7/2017

Post by on July 17, 2017

Pepperstone’s Market Analyst, Darren Sinden, takes you through the overnight changes and price moves to be aware of: – Cable finishes the week strongly. – China data a pleasant surprise. – It could be an interesting week for UK politics. – Donald Trump’s first 6 months on the job but no one’s celebrating.