On September 5, the EUR/USD pair was testing the backside of both broken trends around 1.1060-1.1080 where significant bearish pressure was demonstrated pushing the pair directly towards 1.0940 (Prominent Weekly Bottom). Bearish Breakout below the price level of 1.0940 was needed to enhance further bearish decline towards 1.0900 and 1.0840 (Fibonacci Expansion Key-Levels). However, considerable […]

Although sentiment in the eurozone industry was at its worst in six years, the eurozone consumer confidence index remained unchanged in September. According to the report of the European Commission, the confidence index in the eurozone industry in September 2019 fell to -8.8 points from -5.8 points in August. Not surprisingly, the export orders of […]

GBP/USD has been trading downward as I expected yesterday. The support was found at the swing low 1.2287. I expect potential rally back to 20EMA on the 4h time-frame. Yellow rectangle – Support levels Red rectangle – Swing low acting like resistance Rising purple line – Expected path MACD oscillator is showing bullish divergence, which […]

The GBP/USD pair sank today to the area of three-week lows on the “dovish” comments of the representative of the Bank of England Michael Saunders. “The likelihood of a” soft “Brexit, which was considered by the Central Bank as the main scenario in early August, has decreased,” said a member of the Monetary Policy Committee. […]

BTC has been trading downwards as I expected. The BTC is approaching our first downward target from previous forecast at the price of $7,510. My current expectation is that we might see small rally and more potential downside towards the level of $7,510. Blue horizontal lines – Support levels based on the price action Red […]

Whether Fed officials want it or not, the regulator seems to be under the heel of Donald Trump. When the American president began to criticize the head of the Federal Reserve Jerome Powell, it looked like nothing more than a childish prank because from the point of view of the law. The White House can […]

GBPCHF reversed back down from the high of 1.2476 after a one-month rally, driving the price below the simple moving averages (SMAs) and the Ichimoku cloud, until the 1.2200 swing low, where the price halted, following a push higher from buyers. The momentum indicators are reflecting easing in the short-term negative momentum. The RSI has […]

The Bank of Japan will publish the Summary of Opinions of its September policy meeting on Monday (Sunday, 23:50 GMT), while a raft of data will also be watched amid growing speculation the Bank is preparing to announce further easing in monetary policy. The most important release will be the BoJ’s Tankan survey for the […]

USDTRY has been stuck in a very narrow range, with an upper bound at 5.79 and a lower one at 5.64, since the beginning of September. The near-term outlook is therefore neutral, something also supported by the converging 50- and 200-day simple moving averages (SMAs). A break in either direction of the range is required […]

WTI oil retreated in recent days, after it briefly soared to a 4-month high last week. Despite the latest pullback though, the fact that the price is still trading above an uptrend line drawn from the lows of August keeps the short-term outlook cautiously positive. That said, a break below the uptrend line and 55.30 […]

Facebook’s plans of launching its own cryptocurrency at some point next year raised the alarm in the central bank community, which already faces issues of meeting its objectives. However, what looks to be just an idea now, could turn  into a competitive game and a pivot point to the means of exchange if regulators pull the trigger. What […]

More central bank meetings will follow in the coming week, this time with the Reserve Bank of Australia, while things will heat up a little on the data front as September PMIs are on the agenda, as well as the all-important US jobs report. Although investors have recently pared some of their bleakest outlook for […]

We would like to inform you that due to several public holidays, all of which take place in October, the trading hours of various instruments will be affected between 1 – 28 October 2019. Please view the tables below to see which instruments will be affected and how: Instrument 01/10 02/10 03/10 04/10 07/10 08/10 […]

We would like to inform you that due to several public holidays, all of which take place in October, the trading hours of various instruments will be affected between 1 – 28 October 2019. Please view the tables below to see which instruments will be affected and how: Instrument 01/10 02/10 03/10 04/10 07/10 08/10 […]

USDCAD’s momentum has evaporated after buyers yesterday reversed the price up to close above the 100-day simple moving average (SMA) and the flat Kijun-sen line, which have converged within the trading range. The short-term oscillators imply that momentum has dried up but favor the positive picture. The MACD is only just above zero and its […]

Stocks retreat on trade doubts, but short-term outlook still positive Euro weakens amid ECB easing speculation, dollar capitalizes  Flood of US data due out today, but trade issues more important for greenback Stocks pull back on reports US is unlikely to extend Huawei waivers Market moves were relatively muted on Thursday, as investors remained hesitant […]

“Five waves up” means that a trend change is nigh. Two charts provide an example of how Elliott wave analysis nailed a top in an unconventional financial asset that went on to plunge as much as 90%. Now is the time to see what our analysts see for major U.S. financial markets … Subscribe to […]

U.S. housing prices rebounded significantly following the depths of the housing bust. However, worrisome signs are beginning to appear. Take a look at this chart from our current Financial Forecast. Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn […]

Successful gold production from Russia and becoming a mid-tier gold producer – Trans-Siberian Gold, Stewart Dickson, Non-Executive Director, Trans-Siberian Gold. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#276958 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 […]

An increasing number of investors view index funds as an easy way to participate in financial markets. But, in EWI’s view, such an approach will offer ultimate disappointment. Here’s why… Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn […]

Asian traders will see the release of the Australian monthly employment report on Thursday at 0130 GMT and expectations are for a gloomy set of figures that may likely raise the odds for another rate cut later in the year. On Tuesday, the minutes of the Reserve Bank of Australia’s September policy meeting reminded markets that the door for further […]

NZDCHF uncertain of direction has found support at 0.6280, this being the 21-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the down leg from 0.6670 to 0.6161. The restricting 42-day SMA pushed the price down after it rallied from a fourty-seven-month low of 0.6161 to the 0.6400 handle. The 21-day SMA […]

The Swiss National Bank (SNB) will announce its latest decision at 07:30 GMT on Thursday. For the first time in a long time, investors think this meeting is ‘live’ and assign a ~30% probability for a quarter-point rate cut. That said, the risks seem tilted towards the SNB keeping its rate powder dry for now […]

AUDUSD shifted sideways into the Ichimoku cloud after its attempt to recoup the losses that commenced on July 19 was halted at the ceiling of 0.6880 – the 50.0% Fibonacci retracement level of the down leg from 0.7081 to 0.6676. The 21-day simple moving average (SMA) seems to be approaching a bullish cross, while the […]

To open long positions on EURUSD you need: Of course, all the attention today will be on the Fed’s decision on interest rates, but we must not forget that in the first half of the day there is also an important report on the eurozone consumer price index, which may lead to further growth of […]