GBP/JPY is expected to trade with bullish bias above 146.80. The pair is posting a pullback and is currently testing the support of its 50-period moving average. Meanwhile the 20-period moving average is above the 50-period one, and the relative strength index is around its neutrality area at 50, lacking downward momentum. As long as […]

When the European market opens, some economic data will be released such as German 10-y bond auction, Italian industrial production, French trade balance, and French industrial production. The US will also present some economic news such as the Federal Budget Balance, 10-y bond auction, Crude Oil inventories, and import prices. So, amid these reports EUR/USD […]

In Asia, Japan will release the leading indicator and the BOJ Summary of Opinions while the US will unveil the reports on federal budget balance, 10-y Bond Auction, Crude Oil inventories, and import prices m/m. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: […]

EUR/USD: This pair moved southwards on Monday and Tuesday, but the bias on the market remains bullish. The price has come down by 120 pips this week, after testing the resistance line at 1.1000 (which has become a formidable barrier to the future rallies). The EMA 11 would soon cross the EMA 56 to the […]

USDX continues to strengthen in the short term and it’s approaching the 100.00 handle. With a consolidation above the 200 SMA at H1 chart, we can expect further rallies to reach that psychological zone. As the current move was done within an impulse, a pullback can happen towards the support zone of 99.23. MACD indicator […]

The pair had a bearish session during Tuesday but it remained above the 200 SMA at H1 chart, which still provides a nice dynamic support across the board. The key resistance of 1.2957 is still a hurdle to overcome in order to reach the psychological area of 1.3000. That scenario is likely to prove valid, […]

Sterling faces a key test on Thursday as the Bank of England meets to decide monetary policy for the first time since inflation jumped above the target level.

Dukascopy Forex TV Team is back with the FX Movers and Shakers for Tuesday, 9th of May. Dollar/Yen has moved sharply higher, breaking through the 114 level to post the day’s biggest move as the pair stands point 82% in the green. Sterling trades on top of the table, standing level with the Buck. The […]

AUD/NZD is now testing the major support at 1.0675 (Fibonacci retracement, Fibonacci extension, bullish divergence, horizontal overlap support) and we expect a bounce above this level to at least 1.0817 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing the strong support above 1.3% from which we expect a bounce Besides, it sees a […]

NZD/USD has bounced further up, forming a nice reversal below the strong resistance at 0.6940 (Fibonacci retracement, Fibonacci extension, Elliott wave theory) and we expect a drop below this level towards the support at 0.6889 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 95% level from which we expect a […]

Overview The GOLD price has been showing slightly negative trading in attempt to pull away from 1,229.32 levels, thus keeping the bearish trend expectations for today. If the price settles below the mentioned level, a breach of it will push the price to test the most important resistance for the short-term trading between 1,245.30 and […]

Overview The Silver price made negative attempts this morning after retesting the previously broken support for the bearish pennant flag pattern. This supports the continuation of our bearish trend expectations for targeting 15.49 as the next main station efficiently in the upcoming sessions. You should be aware that after suffering the expected negative pressure the […]

Let’s see which news releases could move the currency markets on Wednesday, the 10th of May. This is the Economic Calendar. ECB President Mario Draghi will speaking at 11 AM, discussing the impact of monetary policy at the Dutch House of Representatives. The speech is worth a closer look, as President Draghi’s comments often cause […]

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Here’s how market players have performed so far on Tuesday, 9th of May. Euro/Dollar has moved South by 54 pips to trade point 37% in the red at 12 o’clock. Traded volume is average and neutral sentiment of the market players is 2% short. Decline makes a successful morning session more likely for those who […]

EUR/JPY had a good amount of bullish pressure on the back of the French Election recently. Recently, EUR has totally dominated JPY in every possible way and has created a higher high above the resistance of 123.50. Today in the eurozone, Germany’s Industrial Production was released which was positive at -0.4% instead of the expected […]

GBP/USD has bounced off from 1.2980 resistance after an impulsive volatile bullish trend recently. Today on the GBP front, BRC Retail Sales Monitor report was published with a positive figure at 5.6% which previously was at -1.0%. On the USD side, we have JOLTS Job Opening reports to be published which is expected to show […]

In this latest IT Industry we have a new device which can create a world without language barriers, a tough action cam giving Ultra HD 4K Video for you adventurers and a VR space adventure coming to Playstation. If you want more details on all these exciting new tech releases then check out this video! […]

The Dukascopy TV Team has once again been analysing the benchmark interbank price stats so you can keep your broker in check. Euro/Dollar’s long term average spread is point 35 pips and both of the sides separated by point 8 pips during the past hour. The pair has retreated from the recent highs and last […]

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

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…

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.0903. According to the daily time frame, I found a bearish outside bar (reversal bar) and today the market made a high first and then the price made a new low, which is a sign that sellers are in control. My […]

Global macro overview for 09/05/2017: The Australian Bureau of Statistics reported the Retail Sales declined -0.1% in March for a second consecutive month. Market participants expected a 0.3% increase after -0.2% decline a month ago, so the disappointment led to a sell-off of the Australian Dollar across the board. Among retail sectors, food retailing increased […]

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2931. The analysis from yesterday is still active. I have noticed a fake breakout of the 20-day high and overbought RSI. My advice is to watch for selling opportunties. The downward targets are set at 1.2835 and 1.2760. […]