Price has shot up and reached our profit target perfectly. We prepare to sell below 84.53 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 83.90 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance below 93% where we expect a drop from. Correlation analysis: We’re expecting […]

Surprise MPC Vote The Bank of England (BOE) surprised no one by keeping interest rates the same at 0.25% but the Monetary Policy Committee (MPC) did not disappoint as it was revealed that three members of the monetary policy committee voted for a rate hike.  Bearing in mind that CPI for May came out at […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.

As trading continues this Friday so does our coverage of the markets. Let’s see how successful morning session has been for FX traders. Euro/Dollar gained 46 pips, but most of the gains were wiped out by 12 o’clock. Turnover is high and sentiment of the traders is neutral, long positions are up by 3%. Both […]

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 market failed to record a new high above 0.7400. Bearish breakout of the lower limit of the channel took place in December 2016. […]

Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart. The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection. Recent Update: […]

Let’s see which news releases could be of interest to currency traders on Monday, the 18th of June. This is the Economic Calendar. The schedule actually starts at 11:01 on Sunday evening with UK Rightmove House Price Index for June. The Index have been growing for the past 5 months on the back of a […]

GBP/JPY is expected to move higher and continue the rebound . The pair bounced off its support at 122.35 last night, and is expected to post a new rebound. As both the 20-period and 50-period moving averages are turning up, they should continue to push the prices higher. In addition, the nearest support at 123.10 […]

Recently, the GBP/USD pair has been trading sideways at the price of 1.2770 According to the 15M time frame, I found a big buying climax in the background and a broken symmetrical triangle, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1174. According to the 5M time frame, I found a broken upward trendline and broken H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opporutntiies. The downward target is set at the price of […]

Recently, the EUR/USD pair has been trading sideways at the price of 1.1174. According to the 5M time frame, I found a broken upward trendline and broken H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opporutntiies. The downward target is set at the price of […]

It’s time for this week’s last primary Spike Controller providing you with the benchmark interbank price data for the 3 non-cross majors. Euro/Dollar’s daily average spread is point 3 pips and both of the sides were 1.9 pips apart yesterday. Rate movement has been mostly calm and the biggest move is a gain of point […]

Global macro overview for 16/06/2017: The Bank of Japan decided overnight to leave the interest rate unchanged at the level of -0.1% after a two-day meeting. This decision was in line with market expectations. Importantly, the negative short-term key deposit rate at -0.1% has not been changed since the beginning of 2016. Moreover, the policymakers […]

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Overview The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7205. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. So, the NZD/USD pair continues to move upwards from the level of […]

Overview: The USD/CHF pair is still moving downwards from the level of 0.9803 for two days. The market seems stable for that there are no changes in our technical outlook. The bias remains bearish in the nearest term testing 0.9620 or lower. The bottom price is seen at 0.9620. The trend has rebounded from the […]

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Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD…

Brexit, Canada’s dollar, Eurozone data, UK housebuilders and Oil the main focus for the markets. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and Forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of […]

The Bank of Japan maintained their monetary policy on Friday whilst upgrading their assessment of private consumption and overseas growth; signaling its confidence that an export focused economic recovery was broadening and gaining momentum. Short term interest rates will remain at -0.1% and 10-year Government Bond yields close to zero. Unlike the US Federal Reserve, […]

Trading plan for 16/06/2017: Bank of Japan left the monetary policy parameters unchanged while inflation expectations remain weak despite improving economic conditions. As a result, JPY is the weakest currency from the G10 basket and is the only one losing to the dollar. The strongest are risky currencies – AUD (+0.15%), GBP, and NZD (+ […]

NZD/USD has been in a bullish non-volatile trend since the break above 0.7050 resistance level. Currently the price is showing some volatility in the market on the back of recent economic reports from the US and New Zealand. New Zealand published the GDP report at 0.5% which was better than previous value of 0.4% but […]

AUD/JPY is currently in an impulsive bullish run after the positive economic report published yesterday. The Australian Employment Change report was published with a better than expected result at 42.0k versus the forecast of 9.7k. Moreover, the unemployment rate decreased to 5.5% which was expected to be unchanged at 5.7%. With the positive employment reports, […]

The Dollar index bounced strongly towards short-term resistance at 97.50. This is important resistance and price has stopped the rise. Bulls need to break above 97.50 in order for our bounce target of 99 to be achieved. 96.50 is now very critical support. If lost, we are most probably going near 94-95. Red line – […]

GOLD price has reached the $1,250 area as we expected from $1,280 and higher. Trend is bearish. I believe that Gold weakness will continue and we might see even below $1,245 where important support is found. However Gold bears should be cautious as the time for a bullish reversal is approaching. Gold price is trading […]

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: UK Consumer Price Index (May) Date: […]