Latest News

“Stock Markets Have a Long History of Booming” After This

Post by on May 19, 2017

http://www.elliottwave.com/Investor-Research/Asian-Pacific-Financial-Forecast-Service?tcn=ytv1703 How could the attempted military coup in Turkey in July 2016 have possibly been a bullish sign for Turkish stocks? Get our insights — and see two charts that show the price story. Learn How the Wave Principle Can Improve Your Trading

A Record “Bye-Bye” to Brick & Mortar?

Post by on May 19, 2017

News about today’s economy only talks about “growth.” The true story this chart tells isn’t reported nearly as often. http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading

Daily analysis of USD/JPY for May 19, 2017

Post by on May 19, 2017

Overview The USDJPY pair provided some positive trading yesterday approaching from the bearish channel’s resistance. Stochastic loses its positive momentum clearly reaching the oversold areas’ thresholds, and therefore supporting the chances of a bearish bounce to resume the bearish trend again. Therefore, we expect the bearish trend for today, waiting for the price to break […]

Daily analysis of GBP/JPY for May 19, 2017

Post by on May 19, 2017

Overview The GBPJPY pair holds above the support at 143.30, which increases the possibility of a bullish attack in the near and medium period. The price needs to surpass the moving average 55 at 144.60 to confirm domination of sideways trading and the price will be likely to record the positive targets at 145.45 and […]

Daily analysis of Gold for May 19, 2017

Post by on May 19, 2017

Overview The GOLD price shows bullish bias after testing the critical resistance at 1,547.56, where the price is affected by positivity of stochastic and the EMA50. As long as the price stays below this level, the bearish bias will remain preferred; the price is likely to test 1,229.32 levels before it returns to resume the […]

Daily analysis of Silver for May 19, 2017

Post by on May 19, 2017

Overview The Silver price trades upwards and begins testing 16.80 levels. Stochastic provides a positive signal that supports the chances for the continuation of the bullish trend in the upcoming sessions, thus keeping the positive scenario active for the rest of the day. Our next main target is at 17.43, while its achievement is conditioned […]

19.05.2017 – Movers and Shakers by Dukascopy

Post by on May 19, 2017

You’re watching the Dukascopy Movers and Shakers for Friday with a look at the performance of the 8 major currencies. Euro/Yen slipped during the early trading hours, but uptrend has lasted during most of the session and the pair has gained point 8% to post the day’s top move. Euro Zone current account surplus narrowed […]

USD/JPY approaching our profit target, prepare to sell

Post by on May 19, 2017

Price has bounced up from our buying entry perfectly and is on track to our profit target. We prepare to sell below major resistance at 112.08 (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension, horizontal overlap support). Stochastic (34,5,3) is fast approaching our 93% resistance level where […]

USD/CAD testing major resistance, prepare to sell

Post by on May 19, 2017

Price is now testing major resistance at 1.3653 (Fibonacci retracement, horizontal overlap resistance) and we expect a reaction from this level for a further drop to 1.3503 support (Fibonacci retracement, Elliott wave theory). RSI (55,5,3) is seeing long term descending resistance holding price down really well. Sell below 1.3653. Stop loss at 1.3708. Take profit […]

Analysis of Gold for May 19, 2017

Post by on May 19, 2017

Recently, GOLD has been trading downwards. The price tested the level of $1,246.00. According to the 30M time frame, there is a fake breakout of yesterday’s low, which is a sign that sellers lost downward pressure. There is also a hidden bullish divergence on the ROC oscilator, which is another sign of strength. My advice […]

GBP/USD analysis for May 19, 2017

Post by on May 19, 2017

Recently, the GBP/USD pair has been trading upwrads. The price tested the level of 1.3027. I found that price respected a downward diagonal of the expanding wedge. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find a potential upward target. I got Fibonacci expansion 100% at the price […]

19.05.2017 – Midday Snapshot by Dukascopy

Post by on May 19, 2017

It’s noon GMT on this week’s last trading day so let’s see how traders have managed to work out the rate movements. Euro/Dollar’s bullish run continues and the pair has gained point 61% as it heads towards the 1 12 level. Traded volume is average and sentiment of the traders is neutral, 8% short. Steep […]

22.05.2017 – Economic Calendar by Dukascopy

Post by on May 19, 2017

Let’s see which news releases could move the currency markets on Monday, the 22nd of May. This is the Economic Calendar. The schedule actually starts at 11:01 on Sunday evening with the UK Rightmove House Price Index for May. The Index has been rising for the past 4 months and now stands at a record-high […]

19.05.2017 – Spike Controller by Dukascopy

Post by on May 19, 2017

Dukascopy Forex TV Team is providing you with this Primary Spike Controller for Friday, so you can keep you broker in check. Point 31 pips is the long term average spread for the Euro/Dollar. Maximum separation has been point 8 pips. The pair has shot up from the low of 1 1076 by a total […]

Daily financial news by- Binary.com- May 19th, 2017

Post by on May 19, 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 19th, 2017

Week Ahead 22-26 May 2017: FOMC meeting minutes in focus

Post by on May 19, 2017

Markets look to tonal shift from Federal Reserve as last meeting minutes are released. 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 […]

Daily analysis of major pairs for May 19, 2017

Post by on May 19, 2017

EUR/USD: This pair went upwards this week, gaining 240 pips and moving briefly above the resistance level at 1.1150, before the shallow southward correction that is currently being witnessed. The bullish outlook on the market remain intact – the EMA 11 is above the EMA 56 and the RSI period 14 is above the level […]

Fundamental Analysis of NZD/USD for May 19, 2017

Post by on May 19, 2017

NZD/USD is currently going through a volatile corrective structure. Today, New Zealand released Visitor Arrivals report which showed an increased figure at 3.5% from 1.9% previously. Credit Card Spending declined to 6.4% which previously was at 7.2%. On the back of mixed data and lack of economic data from the US, today the pair is […]

19.05.2017 – Trading Signals by Dukascopy

Post by on May 19, 2017

These are the Main Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar sees 6 buy prompts in the short-term. The mid-term is divided between green and neutral signals, and the long-term is back to bullish. The interbank is bullish as well at more than 21% […]

Markets Priced In OPEC Output Cut Extension

Post by on May 19, 2017

There are two upcoming events that are expected to impact the price of Oil; firstly, the Iran presidential election will be held today (May 19th) and secondly, the OPEC meeting will be held on May 25 in Vienna. The result of the Iran presidential election and the associated geo-political risks will likely affect its oil […]