EUR/GBP has been quite volatile recently having a strong bullish rejection that is creating impulsive bearish pressure today. EUR has been recently struggling amid downbeat economic reports which encouraged GBP to gain further momentum which is expected to continue further. Recently, German Import Prices report was published with a decrease to -0.6% from the previous […]

Morning Report: 07.00 London The dollar index is unchanged this morning and holding yesterday’s gains which came amid news of a confirmed meeting between Trump and North Korea. While the dollar gained, stock markets sold off once more as tech stocks lost favour. The Aussie is making small gains after yesterday’s slump that saw it […]

The dollar dropped slightly following the Consumer Board’s Consumer Confidence data. The data showed that in February, the confidence of consumers declined to 127.7. This was lower from January’s 130 and from the analysts’ forecast of 131. Had the confidence number rose in the month, it would have been the third consecutive month of gains. […]

After a day of significant gains, the dollar lost some of the gains after the Consumer Board released the consumer confidence numbers. The data disappointed. According to the board, the United States’ consumer confidence declined in February to 127.7 down from last month’s 130 and the expected 131. The new decline reflected a scenario where […]

For the second time this year, XM will attend the Money Show Financial Exhibition in Greece, this time in Thessaloniki due to be held on 27, 28 and 29 April. The three-day event series, to which we cordially invite all our existing and new clients to meet with us in person, will take place on […]

AUDUSD has been making lower highs and lower lows since the end of January when it touched a more than a 2 ½ -year high of 0.8135, pausing this downtrend at 3-month lows over the past week. The technical indicators, though, continue to send bearish signals, suggesting that the softness in the market is not […]

US GDP will be released later today, with analysts waiting to see if the figure confirms the strength seen over the last two quarters. The expectation is for an increase but looking over the trend longer-term shows that the US economy has been ticking along above 2% since the financial crisis. The recent risk-off mood […]

USD/JPY is expected to trade with a bullish outlook. The pair continues a rebound initiated from a low of 105.29 seen overnight (March 27). Currently, it has returned to the levels above both the 20-period and 50-period moving averages, as the relative strength index is well directed above the neutrality level of 50 calling for […]

USD/CHF is under pressure and expected to remain below the key resistance at 0.9510. The pair is heading downward towards 0.9440, representing the intraday horizontal support. The relative strength index has broken below its neutrality area at 50, and is showing strong downward momentum. Hence, as long as 0.9510 holds on the upside, look for […]

When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction and German GfK Consumer Climate. The US will release the Economic Data too, such as Crude Oil Inventories, Pending Home Sales m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, Final GDP Price Index q/q, and Final GDP q/q, […]

Today Japan will not release any Economic Data, but the US will release some Economic Data such as Crude Oil Inventories, Pending Home Sales m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, Final GDP Price Index q/q, and Final GDP q/q. So, there is a probability the USD/JPY will move with a low to medium […]

In November 2017, evident signs of bullish recovery were expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels. The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why a […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

USDX recovered from Tuesday’s lows and it’s reaching the 200 SMA at the H1 chart, where it can find dynamic resistance in order to resume the bearish structure in the short-term. If that happens, then we might expect a lower continuation towards the support zone of 87.88, while a break above the moving average should […]

GBP/USD plummeted during Tuesday’s session after having found a strong resistance around 1.4225. Currently, the pair is making a rebound above the 200 SMA at the H1 chart and it’s expected to resume the bullish bias in order to go towards the next target at 1.4269. To the downside, the critical support lies at 1.4061. […]

WTI Oil futures for May delivery look fairly bullish in the 4-hour chart, continuing to trade inside an ascending channel since the mid of March. Yesterday the market touched a two-month high at 66.52, coming closer to break the three-year peak of 66.63 hit around the end of January. Looking at momentum indicators, the RSI has slowed […]

GBPUSD has been quite impulsive with the bearish gains recently which is expected to push the price much lower towards 1.3850-1.3950 support area in the coming days. Ahead of the upcoming GBP Current Account report which is expected to show a deficit of -23.7B from the previous figure of -22.8B and the Final GDP report […]

S&P/Case-Shiller Home Price Indices (YoY) (Jan) was released earlier today, at 14.00 GMT, by Standard & Poor. This report examines changes in the value of the residential real estate market in 20 regions across the US and serves as an indicator for the health of the US housing market. Generally speaking, a high reading is […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

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 London Stock Exchange and regulated by the Financial Conduct Authority.* Find out more about […]

The US will release the final estimate of GDP for Q4 2017 on Wednesday, at 1230 GMT. While these data may be viewed as somewhat outdated given that Q1 is now almost over, they could still gather some attention in a quiet calendar week, especially in case of a notable deviation from what is anticipated. […]