The threat of an imminent European Union (EU) crisis dimmed in the spring after a pair of high-profile Euroskeptics were defeated swiftly in national elections. Geert Wilders of the Netherlands and Marine Le Pen of France had their sights set on exiting the EU and abandoning the Euro. Although their plans have been thwarted, we […]
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Monday 19-06-2017 Outlook
Welcome to the easyMarkets weekly outlook starting this Monday 19 June. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Event: RBA Meeting Minutes Date: Tuesday 20 June 2017 at 01:30 GMT Markets affected: AUD/USD Trending hashtags: #aud, #rba The Reserve Bank of Australia will […]
The US Federal Reserve raised the benchmark interest by 0.25% this week, marking the second increase in the rate in the last three months. In a Hawkish policy statement Fed chair Janet Yellen stated that the labour market strengthened in May, while the overall economy has been rising at a moderate pace this year. In […]
These are the Primary Daily Trading Signals for Monday. Here’s a closer look at the technical studies and how they compare with the interbank stance at 8 AM GMT. Euro/Dollar has 5 neutral signals in both the short and long terms, but outlook is bullish in the 4-hour time range, which is in line with […]
The Brexit negotiation between the UK and the EU is set to start today, June 19th. Although Theresa May has stated before “no deal is better than a bad deal”, Chancellor said on Sunday that “no deal would be a very, very bad outcome for Britain”. A Hung Parliament will likely cause both a positive […]
Global macro overview for 19/06/2017: Today’s update of the Reuters Tankan Index from Japan, a benchmark that tracks sentiment at large firms, may drop a fresh clue regarding the economic expansion. Currently, Japan’s third-longest postwar expansion is underway as the forward-looking economic indicators are at the elevated levels. The PMI data of the manufacturing and […]
It’s a new trading week, and the Dukascopy TV team is here with another Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 1210 in resistance and 1 1180 in support. Standing at a 20 day moving average, R1 is well confirmed with 16 models. R2 is backed up by Bollinger Upper […]
The Dollar index pulled back towards short-term cloud support and is bouncing. As I have been saying for the last few sessions while the index is around 96.50-97 I remain bullish for a bounce towards 98.50-99. After the bounce we will look to sell again. Red line – resistance Blue line – support The Dollar […]
GOLD price is breaking short-term support and is heading towards our target of $1,245. Gold weakness is expected for the start of the week but overall I can see a bigger longer-term upward reversal coming soon. Gold price is making lower lows and lower highs. Price is approaching the 61.8% Fibonacci retracement of the latest […]
Technical Analysis: 19/06/2017 – GBPNZD bearish in descending channel
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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…
Trading plan for 19/06/2017
Trading plan for 19/06/2017: On Monday morning the strongest currency was NZD (+0.2%), NOK (+0.1%), and SEK (+0.1%), while the weakest was JPY (-0.15%) and AUD (-0,12%). EUR/USD is trading around 1.1200 and USD/JPY around 111.00. The Asian stock market was dominated by the positive sentiment, so Hang Seng is up 1.0%, Nikkei 226 is […]
Wave summary: The corrective decline in wave ii/ will not loosen its grip and it has now spiked below support at 1.5423, this opens for more downside pressure towards 1.5261 as long as the resistance line near 1.5500 and more importantly as long minor resistance at 1.5564 is able to cap the upside. However, a […]
Wave summary: EUR/JPY has rallied nicely and in a clear impulsive character indicating more upside pressure to come. That said, short-term we might need a deeper correction from 124.46 closer to the 123.17 – 123.45 area before the next impulsive upswing towards 125.82 and above. R3: 125.10 R2: 124.71 R1: 124.46 Pivot: 124.00 S1: 123.99 […]
EUR/USD: This pair moved sideways last week – in the context of an uptrend. The outlook on EUR pairs is bearish for this week, and this may make the EUR/USD go southwards, causing a bearish bias to form in the market. Further southwards movement is thus expected. USD/CHF: Last week, the USD/CHF consolidated in the […]
Today, there is no Economic Data will be released when the European & the US market opens, so, amid the reports, EUR/USD will move in a low volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1256. Strong Resistance:1.1250. Original Resistance: 1.1239. Inner Sell Area: 1.1228. Target Inner Area: 1.1202. Inner Buy Area: 1.1176. […]
In Asia, Japan will release the Trade Balance data, but today the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.57. Resistance. 2: 111.35. Resistance. 1: 111.13. Support. 1: 110.86. Support. 2: 110.65. Support. […]
Boris and Kathy Forex Weekly – 19/6/2017 – Majors On the surface, it appears to have been a great week for the U.S. dollar with EUR/USD peaking below 1.13 and USD/JPY climbing from a low of 108.83 to a high of 111.40. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-19-6-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA […]
Boris and Kathy Forex Weekly – 19/6/2017 – Commodity Dollars On the surface, it appears to have been a great week for the U.S. dollar with EUR/USD peaking below 1.13 and USD/JPY climbing from a low of 108.83 to a high of 111.40. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-19-6-2017 Want to see more Forex videos like this: […]
Boris and Kathy Forex Weekly – 19/6/2017 – Crosses On the surface, it appears to have been a great week for the U.S. dollar with EUR/USD peaking below 1.13 and USD/JPY climbing from a low of 108.83 to a high of 111.40. Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-19-6-2017 Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA […]
The index trimmed gains and it’s being supported by the 200 SMA at H1 chart. So far, we’re expecting the upside continuation in the greenback, but in case that we witness a breakout below 96.95, then further declines are expected to take place towards 96.70 in a first degree, while a consolidation above Friday’s highs […]
GBP/USD remains confined into a sideways structure which is being capped by the 200 SMA at H1 chart. The resistance zone of 1.2826 is the next level of interest for sellers, but the downside is still the preferred scenario so far. If the pair manages to break below 1.2741, it can reach the 1.2660 level […]
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“We’re looking at two stories in the U.S. dollar right now” (Part 1 of 2)
Stay tuned for part 2 of this in-depth interview, which we’ll release early next week. In the meantime, get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading
This trading week is about to wrap up, so let’s take a look at the FX Movers and Shakers. New Zealand/Greenback has been heading higher during most of the day and the pair has gained point 71%, which is the day’s biggest move. US stock indexes are heading lower, but a couple of commodity currencies […]
Price is testing major support at 0.7567 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to at least 0.7632 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above our 5.8% level and we expect price to bounce up as stochastic approaches this level. […]