NZDUSD has been developing in an upward sloping channel since December 2017 and during yesterday’s trading session it reached a fresh five-month high of 0.7436, though it ended the day in the red. However, it regained some ground over today’s European session. Short-term momentum indicators are signaling for opposite scenarios. The RSI indicator is pointing north in […]

Here are the latest developments in global markets: Forex: The dollar stalled its downtrend near today’s 4 ½ -month lows versus the Yen, last seen at 108.97 (-0.16%), and remained flat close to 3-year lows of 89.06 against a basket of currencies as traders continued to digest the comments made by the US Treasury Secretary who […]

US Treasury secretary Steven Mnuchin commented about the US Dollar price yesterday. He said that “naturally, a weak Dollar is good for us because it creates trade and opportunities.” Thus, Mnuchin was signed up on the pages of history as the first secretary of the treasury from the early 90s who does not agitate for […]

EUR/GBP is currently holding at the support area from 0.8690 to 0.8760 where GBP is now the dominant currency in the pair. Recently. in light of positive economic reports, GBP gained good momentum to push harder against EUR to break out of the range it has been stuck for a few months now. Recently, UK […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (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. […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

AUD/USD is still trading in non-volatile bullish trend without any major retracement even towards the dynamic level of 20 EMA along the way. The weakness of USD lead to further impulsive gains of AUD whereas upbear economic reports from Australia helped its currency to sustain gains. Recently, Australia’s MI Leading Index report was published with […]

The price of GOLD rose on Wednesday, hitting its highest level since August 2016. The move was triggered by the U.S. dollar plunging to three-year lows, after comments by U.S. Treasury secretary Steven Mnuchin in Davos that he welcomed a weaker currency. If the dollar continues to stay weak and inflation trends upwards then gold […]

Recently, the USD/JPY pair has been trading downwards. The price tested the level of 108.73. Anyway, according to the 30M time – frame, I found a fake breakout of yesterday’s low at the price of 108.96, which is a sign that selling looks risky. I also found a bullish engulfing candle pattern, which is another […]

The BITCOIN (BTC) has been trading sideways at the price of $11.270. Despite the warnings of the Israeli regulator that it won’t tolerate bitcoin to get somehow backdoor listed on the Tel Aviv Stock Exchange, public companies keep pivoting into the field. The latest example is a firm that focused on Oil refineries until now. […]

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4328. According to the 30M time – frame, I found successful rejection of the upward trendline, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is […]

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Silver Technical Analysis. Silver, often known as the poor man’s GOLD has become a boring metal with little movements. In the past five years, the price of an ounce of silver has ranged between a low of $13.73 and a high of $22. Its one-year chart shows a metal struggling to find direction and one […]

Between 7th and 9th January 2018, XM took part in one of the most prestigious annual financial exhibitions in Europe, the Money Show in Athens, Greece. The three-day event series that was organised on the premises of Hotel Hilton Athens attracted a large number of international exhibitors from the banking and financial industry who attended […]

The ongoing World Economic Forum (WEF) 2018 has so far produced negative opinions about BITCOIN because economists, including Joseph Stiglitz, are preparing to proclaim the superiority of fiat money. “We have a good exchange medium called Dollar. Why do people want Bitcoin?”- asked Joseph Stiglitz, who was joined by the President of the National Bank […]

Asia joined to the US Dollar sell-off, although the first bars of trade in Europe bring some sort of a rebound. Inflation from New Zealand clearly disappointed by hitting NZD. EUR has a big day ahead with the ECB meeting. Nikkei 225 lost 1.1% and Hang Seng fell 0.4%. On Thursday 25th of January, the […]

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

Here are the latest developments in global markets: Forex: The dollar index traded marginally lower on Thursday, extending the significant losses it posted on Wednesday. Meanwhile, the British Pound skyrocketed, supported by strong jobs data and increasing optimism that Britain can secure a favorable Brexit deal. STOCKS: Asian markets were mostly in the red. Japan’s […]

Overview: The weekly pivot point is seen at the point of 0.7391. On the daily chart, the NZD/USD pair continued moving upwards from the level of 0.7260. Yesterday, the pair rose from the level of 0.7260 (weekly support) to the top around 0.7400. Today, the first support level is seen at 0.7260 followed by 0.7168, […]

Overview: The USD/CHF pair has dropped sharply from the level of 0.9507 towards 0.9400. Now, the price is set at 0.9420 to act as a daily pivot point. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9507 and 0.9334 in coming hours. Furthermore, the price […]

USDJPY remains under strong pressure over the last couple of days, while during today’s European session it plunged below the 109.00 psychological level and challenged a new 4 ½-month low of 108.72. The dollar weakness continues, and the pair is trading near the lower band of the medium-term symmetrical triangle. From the technical point of view, in […]

Burning Forecast 01/25/2017 EURUSD: The Euro awaits the decision of the ECB on the highs. Therefore, the main event of today and the week – and, perhaps, the month – is the decision of the ECB on its monetary policy. The market is waiting for the tightening of the ECB policy: the EU economy is […]

Morning Report: 07.00 London This morning, the dollar remains soft, falling further after US Treasury secretary Steve Mnuchin affirmed the government’s support for a weaker dollar: “A weaker dollar is good for us as it relates to trade and opportunities”. The dollar experienced a broad-based selloff, led by the British Pound that continues to climb […]

Yesterday, Senior US Officials took the lead from their President and made clear the US position on Trade. Commerce Secretary Wilbur Ross took aim at China, saying the Chinese 2025 technology plan is a ‘direct threat’ to US technological dominance. The Chinese plan aims to support and develop sectors of their economy such as artificial […]

When the European market opens, some economic data will be released such as Belgian NBB Business Climate, Minimum Bid Rate, German Ifo Business Climate, Spanish Unemployment Rate, and German GfK Consumer Climate. The US will also release a batch of economic data such as Natural Gas Storage, CB Leading Index m/m, New Home Sales, Prelim […]