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Daily analysis of GBP/USD for May 31, 2017

Post by on May 30, 2017

GBP/USD woke up from the thin trading action witnessed on Monday’s session and it’s challenging the resistance zone of 1.2866. A breakout over there can help to extend the corrective move towards 1.2911, which is slightly above the 200 SMA at H1 chart. By the other hand, if the level of 1.2791 gives up, then […]

Daily analysis of USD/JPY for May 30, 2017

Post by on May 30, 2017

Overview The USD/JPY pair did not show any strong moves yesterday and remained near to the bearish channel’s resistance. Thus, we expect no change in the bearish scenario that depends on holding below 111.60, supported by the EMA50 and stochastic’s negativity. Now we are waiting until the pair visits 109.00 as the first target. Breaking […]

Daily analysis of GBP/JPY for May 30, 2017

Post by on May 30, 2017

Overview The GBP/JPY pair made a new negative close below the neckline of the double top at 143.30. We could notice a new negative level by reaching 141.80. We expect a new round of bearish attempts in the near and medium term to target 38.2% Fibonacci correction level at 140.20. A sharp decline of Stochastic […]

Daily analysis of Gold for May 30, 2017

Post by on May 30, 2017

Overview GOLD price is fluctuating within a tight range keeping its stability above the bullish channel’s support. Please be aware that stochastic begins to provide a positive overlapping signal on the chart of the four-hour time frame. This cements expectations of a further bullish trend that gains continuous positive support from the EMA50. Therefore, we […]

USD/JPY remains bearish below our major resistance

Post by on May 30, 2017

We remain bearish below major resistance at 111.43 (Fibonacci retracement, horizontal overlap resistance) for a further push down to 110.21 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a bearish exit made signalling that we should be seeing further bearish movement. Correlation analysis: We’re expecting general JPY weakness, so we need to exercise […]

30.05.2017 – Movers and Shakers by Dukascopy

Post by on May 30, 2017

Traders are back to their desks after a three day weekend in both the US and UK, but holidays do continue in China, so let’s see how the 8 major currencies line up at 3 PM GMT. Rate shifts are calmer than usual – the biggest move is a gain of point 47% and it’s […]

Daily analysis of Silver for May 30, 2017

Post by on May 30, 2017

Overview Silver price has settled at the key resistance of 17.43, and the metal is showing sideways trading in an attempt to get rid of its negative momentum. Silver aims to gather enough positive momentum so that the price is pushed to breach the mentioned level. Now we are waiting until the bullish wave is […]

31.05.2017 – Economic Calendar by Dukascopy

Post by on May 30, 2017

The last day of May brings plenty of news releases; let’s see which ones stand out. German Retail Sales for April are out at 6 AM. Sales grew in line with expectations in March, following a strong 1.1% surge the previous month. Swiss UBS Consumption Indicator for April comes at the same time. The Index […]

It’s Pirates… Run

Post by on May 30, 2017

Keep track of your runs. Great sound on the go… and… PIRATES!!! All this in today’s IT Industry Catch Up. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#213696 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy […]

30.05.2017 – Midday Snapshot by Dukascopy

Post by on May 30, 2017

Find out how market players have fared in the interbank markets during the morning session on this Tuesday by watching the Dukascopy Midday Snapshot. Euro/Dollar has gained ground after the low of 1 1109 was hit and the pair stands point 4% in the green. Turnover is high and neutral sentiment of the traders is […]

Intraday technical levels and trading recommendations for USD/CAD for May 30, 2017

Post by on May 30, 2017

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, a significant bearish rejection was expressed around 1.3580 (recently established top). During […]

Daily financial news by- Binary.com- May 30h, 2017

Post by on May 30, 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- May 30h, 2017

Fundamental Analysis of EUR/JPY for May 30, 2017

Post by on May 30, 2017

EUR/JPY has been rejected off the 123.50 support level, so a bullish move is expected if the price remains above the support level with a daily close. Today, Japan released mixed economic reports. The Household Spending report was negative at -1.4% which was expected to be at -0.7%, the Unemployment Rate was unchanged as expected […]

EUR/JPY analysis for May 30, 2017

Post by on May 30, 2017

Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 123.15. According to the 30M time frame, I found bullish correction but there is a broken bearish flag, which is a sign that EUR/JPY may re-continue a downward movement. My advice is to watch for potential selling opportunities. The downward target […]

Analysis of Gold for May 30, 2017

Post by on May 30, 2017

Recently, GOLD has been trading sideways at the price of $1,264.00. Anyway, according to the 30M time frame, I found a fake breakout of a 2-day high, which is a sign that buying looks riksy. There is also a breakout of the upward channel, which is another sign of weakness. My advice is to watch […]

30.05.2017 – Spike Controller by Dukascopy

Post by on May 30, 2017

It’s Tuesday, 30th of May and time for the primary Dukascopy Spike Controller providing you with the benchmark interbank price data. Spreads have averaged at point 36 pips during the past 24 hours for the Euro/Dollar. Maximum separation of 1.2 pips took place less than 4 hours ago. Daily high and low difference of 81 […]

30.05.2017 – Trading Signals by Dukascopy

Post by on May 30, 2017

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 5 neutral models in the short-term. The mid-term is mostly bearish whereas the long-term is back to neutral with 5 studies but, in contrast, the interbank is bullish at more than 18% long. […]

Global macro overview for 30/05/2017

Post by on May 30, 2017

Global macro overview for 30/05/2017: Two important news for financial markets hit the newswires overnight. German “Bild” newspaper reports that Athens are prepared to refuse to pay the next tranche of the loan if lenders fail to agree to write off part of the country’s debt. Refusal of repayment means an increase in the risk […]

GBP/USD Rebounds Post a Slump on Increased Uncertainty

Post by on May 30, 2017

The UK general election will be held on June 8th –less than 10 days away. Currently the breakdown of the 650 seats in the House of Commons are as follows: The Conservative Party has 330 seats, the Labour Party has 229 seats, the SNP has 54 seats, the Liberal Democrats has 9 seats and “other” […]

Trading plan for 30/05/2017

Post by on May 30, 2017

Trading plan for 30/05/2017: The Euro lost ground overnight amid mounting political risks. The EUR/USD pair slumped overnight to 1.1130 with rising pressure on Greece, Italy, and the ECB. The Chinese market is still closed for the holiday, but general sentiment in Asia is cautious with a slight risk aversion. The commodity market continues to […]