Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2846. According to the daily time frame, I still expect lower price. If the price breaks the level of 1.2825, this currency pair may test the level of 1.2760. My advice is to watch for selling opportunities. The […]

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel. In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recently established top). During the […]

In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred. A bullish breakout above 0.6960-0.7000 pushed the pair toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure. Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (sell zone) […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 113.46. Anyway, today I found that the price failed to test a previous low and a supply trend line got broken, that is a sign that selling looks risky. My advice is to watch for potential buying opportunties. […]

Don’t let your broker take you for a ride on this week’s last trading day by watching the primary Dukascopy Spike Controller. Euro/Dollar’s average spreads are similar in all three time scales, close to the point 35 pip mark. Maximum separation has been 1 pip. Most of the past 24 hours have been calm in […]

Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: Australian Federal Budget 2017 Date: Tuesday […]

UK inflation and Eurozone GDP readings the main events in the markets this week. Why trade with ETX Capital? – http://www.etxcapital.co.uk ETX Capital is one of the leading providers of spread betting, CFDs and forex trading services for retail, HNW and institutional clients. Based in the City of London, ETX is a member of the […]

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

EUR/GBP has been in a corrective volatile trend recently. Recently, EUR is seen gaining over GBP, taking the price over 0.8450. Today, the eurozone presented positive economic reports which helped the single European currency to gain more ground against GBP. Today, Germany’s Prelim GDP report was published as expected at 0.6%. Germany’s Final CPI was […]

USD/CHF is currently trading inside a corrective structure between 0.9900 to 1.0100 area. Today, the economic calendar contains a series of of high impact economic reports from the US. CPI is expected to be positive at 0.3% which previously was at -0.3%, Core CPI is also expected to be positive at 0.2% which previously was […]

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…

These are the Main Daily Trading Signals for Friday. Here’s how the interbank compares with the technicals at 8 AM GMT. All three time ranges bring different results for the Euro/Dollar, which is mostly neutral in the short-term and bearish in the mid-term. The long-term is split between red and neutral models, but, in contrast, […]

Friday May 12th will see the release of a set of crucial US data for April at 13:30 BST; retail sales, retail sales excluding autos, CPI and core CPI. Please be aware that it will likely affect USD and USD crosses along with commodities. The dollar index has rebounded over the past four trading sessions […]

Global macro overview for 12/05/2017: The Bank of England decided to leave the interest rate unchanged at the level of 0.25%. The Monetary Policy Committee voted by a majority of 7-1 to leave the rates unchanged and maintain the Asset Bond Purchases at the level of 425 bn Pound. In the statement, BoE confirmed that […]

Trading plan for 12/05/2017: After yesterday’s drop in GBP/USD, the market performs only a minimal fluctuations. EUR/USD remains just over 1.0850. USD/JPY is near 114.00 again. The Asian stock markets were calm at the end of the week. There is only over 0.5% on Japanese Nikkei 225 downward correction. WTI Oil is priced at nearly […]

GOLD price is bouncing and trying to break out of the bearish channel. Trend remains bearish as price is below the 4-hour Kumo. Important resistance levels ahead at $1,245 and at $1,260 must be broken so that the bullish scenario of $1,300-$1,400 is realized. Blue lines – bearish channel Gold price is breaking above the […]

The Dollar index is trading sideways. Price is still around the 38% Fibonacci resistance area, while the oscillators work off the overbought signals. We could see a pullback to 99 before more upside. Red line – resistance (broken) Price is trading above the 4-hour Kumo but below the tenkan-sen (red line indicator). We could see […]

With the United Kingdom gunning for Brexit and France being pulled in the direction of Euroscepticism, we take a hypothetical look at how the European Union (EU) would deal with two exits simultaneously. For many, the U.K.’s decision to leave the EU was a death knell for the pan-European project. In their mind, it’s only […]

USD/JPY is under pressure. The pair broke below its intraday triangle pattern, and is now turning down. The 50-period moving average has also reversed down, and is acting as a key resistance. Besides, the relative strength index remains capped by its declining trend line. In which case, as long as 114.10 is not surpassed, the […]

USD/CHF Intraday: Bullish bias above 1.0055. The pair has bounced up from another test of support at 1.0055, which is playing a key support role, and is challenging the 20-peiord moving average. The relative strength index is turning up below its neutrality level at 50. Economic data remained robust. The Labor Department reported that initial […]

NZD/USD is under pressure. The pair is trading below its key resistance at 0.6880, which should limit the upside potential. The relative strength index below its neutrality level at 50 and lacks upward momentum. As long as the key level at 0.6880 holds on the upside, look for a further drop towards 0.6800 and even […]

GBP/JPY is under pressure. The pair has been capped by its 20-period moving average, which remains below the 50-period moving average. The horizontal level at 147.15 should now play a key resistance role. In addition, the relative strength index is below its neutrality area at 50, and lacks upward momentum. Therefore, as long as 147.15 […]

Wave summary: We would like to see a slightly deeper correction in wave [ii] closer to 1.5764 and maybe even down to 1.5722 before the next impulsive rally towards 1.6655. That said, we need to be aware that the minimum target for the correction in wave [ii] has been reached and a direct rally higher […]

Wave summary: We continue to look for more correction higher towards the ideal target seen at 122.33 before renewed upside pressure towards 138.52 should be expected in wave C. That said, there are still more possible corrective paths that this correction still could take from here, so we will have to stay flexible at this […]

When the European market opens, some economic data will be released such as Industrial Production m/m, French Prelim Non-Farm Payrolls q/q, German Final CPI m/m, and German Prelim GDP q/q. The US will release the economic data too such as Loan Officer Survey, Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Retail […]