Fundamental Analysis

EUR
"Ifo index nicely illustrates the green shoots in the German economy"
- Carsten Brzeski, an economist at ING Group
Confidence among German companies and investors hit a seven-month high in January, adding to signs that Europe’s largest economy is recovering from a slump at the end of last year.


Technical Analysis

EUR/USD
EUR/USD
"While the Fed is still taking an accommodative policy stance, the ECB isn't"
- CNBC
EUR/USD has just touched upon a 2012 year high at 1.3485, but until now there is no strong bearish reaction, implying noteworthy bullish potential the pair still retains. Nonetheless, downward correction is expected.

Read more: FULL REPORT - Technical Analysis

Expert Commentary

"The most important driver is central banks’ monetary policy, from which derives a view on currencies and inflation expectations or potential inflationary..."
- Anne-Laure Tremblay, Precious Metals Analyst at BNP Paribas, on gold
What performance of gold do you expect to see throughout this year? Do expect gold to perform more like a safe haven or rather a risky asset?

Press Review

Europe
George Osborne's austerity plan 'risks lost decade' for UK economy
Top Goldman Sachs banker Jim O'Neill joins growing criticism of chancellor's pursuit of deficit reduction in face of stagnation.

Read more: FULL REPORT - Press Review

Market Research

Currency Index & Volatility: GBP
Before Jan 18 the Great Britain Pound had already showed some signs of weakness, but remained buoyant nevertheless, as its value continued to exhibit resilience and unresponsiveness to economic events in the world.

Read more: FULL REPORT - Market Research

Dukascopy Bank Sentiment Index

Global economic outlook
The current global economic outlook was little changed at 0.50 in December. The six-month and three-year global economic expectations deteriorated to 0.53 and 0.68, a Dukascopy Bank SA poll showed.

Read more: FULL REPORT - Dukascopy Bank Sentiment Index


Global Stock Market Review

Dow Jones Industrial Average
Most U.S. blue chips advanced, sending higher the Dow Jones Industrial Average after better than expected jobless data was posted and companies mostly reported corporate earnings that beat the estimates.


Commodity Overview

Precious Metals
Precious metals were mixed on Friday as investors continued to lock in gains after the previous rally. Moreover, upbeat reading of German business confidence eroded safe-haven appeal of the commodity group.

Read more: FULL REPORT - Commodity Overview

Trade Pattern Idea

USD/CHF Emerging Pattern: Channel Down
USD/CHF has formed a Channel Down pattern on the 1H chart. The pattern has 57% quality and 60% magnitude in the 128-bar period.

Weekly EUR/USD Emerging Pattern: Rising Wedge
EUR/USD has formed a Rising Wedge pattern on the 1D chart. The pattern has 64% quality and 51% magnitude on in the 84-bar period.

Economic Research

Currency Pair Returns: Risks
The Dukascopy Bank SA research department continues its work on statistical properties of currency pair returns. The previous part of the research marked out relationships amongst returns. It was therefore dedicated to a somewhat determinate aspect of their behaviour. In this issue we look into uncertainty of the movements and investigate the parameters that can help reduce it.

Read more: FULL REPORT - Economic Research

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, 1H, 4H and 1D time frame charts for major pairs for the last 144 periods till 07:00 GMT.

Read more: FULL REPORT - Dukascopy Aggregate Technical Indicator