The FOMC released its May meeting minutes last evening stating that the overall economic assessment was little changed. The Fed sees to raise rates once again is ‘soon be appropriate’. Markets assume that it signals a rate hike in June. The minutes also signals further tightening is expected if the incoming economic data shows improved […]

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…

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…

Trading plan for 25/05/2017: Not much volatility on financial markets during the night takes place, but the US Dollar is losing ground slightly as the FOMC minutes have shown increased Fed cautiousness over the pace of monetary tightening. Sentiment in the stock market is positive despite the recent terrorist attack in the UK. Crude Oil […]

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out this morning. Euro/Dollar has recovered some ground and now has R1 of 1 1260 and S1 of 1 1230. R1 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 4 other models, while R3 […]

Wave summary: After an almost perfect test of the 61.8% corrective target 1.5836 (the low has been seen at 1.5852), a corrective low should be in place for a break above minor resistance seen at 1.6014 and more importantly a break above resistance at 1.6093 that confirms renewed upside pressure towards 1.6655 and above in […]

Wave summary: We continue to look for a minor correction closer to the 123.59 – 123.92 support-zone before the next impulsive rally higher towards 134.30 and 138.52 sets in. Short term, a break below minor support seen at 125.01 will confirm the expected minor correction is developing. R3: 127.30 R2: 125.82 R1: 125.57 Pivot: 125.01 […]

USD/JPY is expected to trade with a bullish bias above 111.30. Although the pair broke below the 20-period and 50-period moving averages, it is still trading above the key support at 111.30, which should limit the downside potential. Even though a continuation of consolidation cannot be ruled out, its extent should be limited. Hence, as […]

USD/CHF is under pressure. The pair broke below the rising trend line since May 23 and both 20-period and 50-period moving averages. Additionally, the bearish cross between 20-period and 50-period moving averages has been identified. The relative strength index also broke below a bullish trend line since May 22. On the economic data front, MBA […]

NZD/USD is expected to trade in a higher range as the movement is supported by a rising trend line. The pair has been riding a bullish trend line since May 19, which confirmed a positive outlook. The upward momentum is further reinforced by the rising 20-period and 50-period moving averages. The relative strength index is […]

GBP/JPY is expected to trade with a bullish bias. The technical picture of the pair remains positive above a rising trend line, and is holding on the upside. The relative strength index is above a rising trend line and is above its neutrality level at 50. In addition, 144.50 is playing a key support role, […]

EUR/USD: The EUR/USD pair has not made any serious directional movement this week in the context of an uptrend. Price has moved between the support line at 1.1150 and the resistance line at 1.1250 (which has been tested several times this week). The resistance line is supposed to be breached to the upside as the […]

The US dollar index bounced as expected but found formidable resistance at 97.50 and got rejected. As long as we hold above the May lows, bulls have some hopes for a bigger bounce towards 99. Red lines – bearish channel Though the price broke out of the bearish channel, the bounce reached only the kijun-sen […]

GOLD price has held above the support level and reversed higher again today as we expected. Now it is testing important highs. The resistance between $1,257-$1,265 is critical for the short-term trend. Breaking it will open the way for a rise towards $1,280 at least. The price is trading above the 4 hour Kumo. The […]

GBP/USD is finding support around 1.2928 following the FOMC minutes’ release, as the US dollar went under selling pressure across the board. A consolidation below the 200 SMA on the H1 chart is happening and we can expect a testing of the resistance level of 1.2992, as the bears are losing steam. MACD indicator remains […]

USDX was capped by the resistance level of 97.41, as it remained in a sideways range during Wednesday’s session. A pullback happened after the FOMC minutes were released and made the greenback to resume the bearish bias. The critical level is still placed at 96.90, where a breakout should deliver more bears’ power toward the […]

USDX continues to show weakness in the market, as the support zone of 96.90 has been reached during Monday’s session. That’s the last hurdle before testing the next key area of 96.25. There are no signs of a further trend change in the short term, but we cannot discard a rebound towards the 97.41 level […]

We take a nice detailed look at USD/JPY and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets. Subscribe to me for […]

There has been a lack of significant rate shifts on the FX markets during most of the day, but let’s see if anything has changed by 3 PM GMT on this Wednesday. Australia/Canada is the mover of the day with a decline of point 7%. Most of the session was calm for this pair as […]

Price has continued its rise and is now testing strong resistance at 83.69 (Fibonacci extension, horizontal overlap resistance) and we expect to see a drop from here towards 82.96 support (Fibonacci retracement, horizontal overlap support). We keep our stop loss tight at 83.95 (Fibonacci retracement). Stochastic (21,5,3) is seeing major resistance below the 93% where […]

Price has finally risen to our selling area. We turn bearish looking 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 (55,5,3) is reversing below our 93% resistance as we expect a strong drop from here. Correlation […]

Thursday brings a number of known market movers, so let’s take a closer look. Several pieces of data regarding the UK economy in the first quarter are up first at 8:30 AM, including the closely watched second estimate GDP. The preliminary estimate puts the quarterly growth at its lowest level in 2 years. Preliminary Business […]

It’s noon GMT on this Wednesday and time for us to see how the sentiment of the traders compares with the actual rate movements. There’s little to report on the Euro/Dollar as the rate movement is flat and traded volume extremely low. Neutral sentiment of the traders is 6% short. Both the passive trading and […]

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 24th, 2017

GBP/JPY is expected to move upward. The technical picture of the pair remains positive above a bullish trend line, which emerged on May 19. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum. In addition, 145.80 is playing a key support role, which should limit the downside potential. […]