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It’s noon GMT on this Thursday and time for the Dukascopy Midday Snapshot, where we`ll find out how market players have managed to work out the rate movements. Euro/Dollar has been climbing higher, breaking through the 1 14 level and the pair stands point 24% in the green at noon after a correction wiped out […]
EUR/USD: The EUR is the real market leader at present, and the strength in it has influenced most EUR pairs positively. The EUR/USD has skyrocketed and this seems to be the beginning. There is a possibility that price may gain additional 200 pips before the end of this week, as it is going further northwards. […]
Friday brings the latest Euro Zone inflation figures, and they are definitely worth a closer look. But the schedule actually starts with German Retail Sales for May, which are out at 6 AM. Sales slipped in April, reversing a point 2% gain the previous month. Swiss KOF Economic Barometer for June follows an hour later. […]
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Intraday technical levels and trading recommendations for EUR/USD for June 29, 2017
Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is 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. […]
NZD/USD has been quite volatile due to a streak of negative economic reports from New Zealand. Recently, the trade balance report was published at 103M which previously was at 536M. The balance was expected to be at 420M. As export demand and currency demand are directly linked, the negative report is expected to put the […]
Recently, the USD/JPY pair has been trading upwards. The price tested the level of 112.74 in a high volume. According to the 30M time frame, I found a bullish trend and a successful test of the horizontal base. The price also broke the 4H Camarilla resistance, which is a sign that buyers are in control. […]
EUR/GBP is currently struggling at the edge of 0.8850 as of Hawkish Statement of ECB President Draghi and Bank of England President Carney signaling Interest Rate hike considering the upcoming economic global economic boom. Today EUR GfK German Consumer Climate report was published with a slightly better figure at 10.6 which was expected to be […]
GBP/USD analysis for June 29, 2017
Recently, the GBP/USD has been moving upwards. The price tested the level of 1.30007 in a high volume. According to the 30M time frame, I found a bullish uptrend and a successful test of supply in a low volume, which is a sign that buyers are ready for a higher price. My advice is to […]
Find out what have been the average and maximum spreads levels during the past 24 hours by watching the primary Dukascopy Spike Controller for this Thursday. Euro/Dollar’s long term average spread is point 3 pips and both of the sides were 3 and a half pips apart yesterday. Single currency has had a bullish run […]
The USD/CAD pair has moved quite impulsively after breaking below the 1.3260 level with a daily close. The pair had a good amount of struggle at this level and a number of false breaks. Finally BOC Governor Poloz hinted at a possible rate hike in the coming days. The Canadian dollar has hit a four-month […]
Technical analysis and trading recommendations for the USD / CHF currency pair as of June 29, 2017
4-hour timeframe The amplitude of the previous day (high-low): 68 points. The distance of the past day: 224 points. THE BIG PICTURE: Trading recommendations: Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases. When there is a possibility to open deals in advance, switch to the smaller timeframe […]
EUR/JPY shown a good amount of impulsive bullish pressure after breaking above the corrective structure resistance of 125.80. After hawkish Draghi’s speech, EUR has eventually got a boost to break above the corrective structure and proceed further upwards. Last week, a good amount of volatility struck the market and an upward trend seems to have […]
The currency markets were volatile on Wednesday after central bank official’s dished out a hawkish surprise. Sterling and Euro ventured higher while the Dollar was under pressure. The prospects of higher rates supported risk appetite as World stocks edged higher. With risk-on back in fashion safe haven assets such as GOLD were slightly pressured. – […]
Over the last 30 days cryptocurrencies have been receiving a lot of attention due to the original cryptocurrency; BITCOIN. But in fact, the whole of the Altcoin market has been inundated with possible suitors and has featured in many a headline. It all started with Bitcoin Bitcoin which remains the leader of the pack was […]
Technical Analysis: 29/06/2017 – USDCAD more bearish as it hits 4½-month low
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
These are the Main Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar’s table is a sea of green, as all 8 studies point North in the short and long-term and Aroon is the only bearish indicator in the mid-term and, indeed, the technicals are very […]
Forex News: 29/06/2017 – Euro and pound extend gains, pushing dollar to 8-month low
Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video
Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Global macro overview for 29/06/2017: The US Pending Home Sales data has surprised the market participants. The sales fell 0.8% in May compared with expectations of a 0.8% gain for the month and it was the second month in a row of a decrease. The Northeast was the only region to register year-on-year growth all […]
Fed Chair Janet Yellen’s speech during yesterday’s session took on a much more informative stance as she mainly discussed the various technological advancements and globalization issues. Should the EUR / USD pair reach its resistance range at 1.1380 points, then the currency pair might be able to test its range highs of 1.1420-1.1470 points, which […]
Gold Goes From Hand to Hand
The fall of the dollar index to its lowest levels since early October has remained relatively unnoticed by GOLD. The fierce speech by Mario Draghi on victory over deflation and the temporary nature of the soft CPI drove up Euro prices, however, traders in the precious metal market prefer to focus on different news. During […]
Trading plan for 29/06/2017
Trading plan for 29/06/2017: The US Dollar is still weak across the board, although changes do not belong to the largest. GBP and EUR are the strongest currencies from the G10 thanks to Draghi and Carney’s comments yesterday. EUR/ USD attacks 1.14 and GBP/USD is at 1.2960. WTI Oil has broken above important resistance and […]
Central Bankers Whipsaw Markets
Central Banks were again the focus as latest comments from the Bank of England sparked a risk-on tone that helped lift GBP and US Equities. GBPUSD climbed the most since April on comments made by Bank of England Governor Carney stating that “the Monetary Policy Committee may need to begin removing stimulus”. This was a […]
NZD/USD Intraday technical levels and trading recommendations for June 29, 2017
Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]