26-05-2017 - Afternoon26-05-2017 - Morning25-05-2017 - Afternoon25-05-2017 - Morning24-05-2017 - Afternoon24-05-2017 - Morning23-05-2017 - Afternoon23-05-2017 - Morning22-05-2017 - Afternoon22-05-2017 - Morning19-05-2017 - Afternoon19-05-2017 - Morning18-05-2017 - Morning17-05-2017 - Afternoon

Dukascopy Forex Overview: 26-05-2017 - Afternoon

Dukascopy Bank analytic desk report
Published: 26/05/2017 14:39
Dukascopy Technical Analysis

USD/CAD is squeezed in
"The USD/CAD has traded to new monthly lows today, as the market continues to process yesterday’s Bank of Canada rate decision."
- Walker England, Daily FX
By the middle of Friday’s trading session, the US Dollar was squeezed in against the Canadian Dollar between two lone levels of significance. From the upside, the 55-day SMA was providing resistance at the 1.3482 mark.
Dukascopy Fundamental Analysis
US initial jobless claims rise less than expected last week
The number of Americans filing for unemployment benefits rose less than expected last week, official data showed on Thursday. The Labour Department reported that initial jobless claims rose 1K to 234% in the week ended May 19, following the preceding week’s upwardly revised 233K. Meanwhile, market analysts anticipated an increase of 5K to 238K during the reported week.
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Trade Pattern Idea
ZAR/JPY 4H Chart: Channel Up
The South African Rand is appreciating against the Japanese Yen simultaneously in two ascending channel patterns. Although, the currency exchange rate has recently been declining.>>

USD/TRY 1D Chart: Falling Wedge
The American Dollar is trading against the Turkish Lira simultaneously in the long-term and medium-term falling wedges.>>
Expert Commentary
"At this point, we agree that the Euro zone’s economy is strengthening."
- Stephen Brown, European Economist at Capital Economics, on EU economy
We have recently revised our forecast for this year, though I think the key point here is that the ECB has not really seen any reasonable signs of an economic recovery. We have seen a little bit stronger inflation earlier in the year due to energy effects; however, inflation is probably going to be lower this year than we thought six months ago.>>
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Press Review
CNBC
Market valuation a little 'out of whack' right now: Expert
Richard Steinberg, Steinberg Global Asset Management, shares his thoughts on the markets and what he is telling investors about short-term strategies.
Market Research
22.05 release
The past week was largely the period of risk-aversion, as the safe-haven Euro, Swiss Franc, and Yen were the only observed currencies to raise their indexes well into the appreciation area and post positive weekly changes. The Euro’s and the Franc’s gauges were especially persistent, recovering from the previous week’s losses and riding the wave of the US Dollar’s weakness.
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Economic Research

Forecasting Models for Exchange Rate
The science of prognostics has been going through a rapid and fruitful development in the past decades, with various forecasting methods, procedures and approaches flooding the economic world. It is estimated that there are more than 100 prediction methods, and sometimes the diversity makes it difficult to choose the one that would do the trick.
Dukascopy Aggregate Technical Indicator
Dukascopy Bank presents a new research product - the aggregate technical indicator. The new tool will indicate the strongest signals on major currency pairs. Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 15:30 GMT.
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Disclaimer:
This overview can be used only for informational purposes. Dukascopy Bank SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Michael G. Wilson, Bloomberg 


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