On behalf of XM, we would like to express our warmest greetings and best wishes for the upcoming winter holidays, and sincerely wish all our clients a Happy Winter Holiday Season that they can share with their families and beloved ones. On the approaching end of the year 2017, we would also like to wish […]

GOLD price got rejected at the cloud resistance on Friday but remains above short-term support. Short-term trend is neutral as price is inside the 4-hour Kumo (cloud). Short-term support is at $1,250. Resistance is at $1,266 (upper cloud boundary). I expect Gold price to move lower towards $1,220-$1,200 once we break below $1,250. I currently […]

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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 was slightly down against a basket of currencies after posting gains on Friday following the announcement that House and Senate Republicans have found common ground on the front of tax legislation. The antipodeans were again gaining ground versus the greenback. STOCKS: The Nikkei 225 […]

Burning Forecast 18/12/2017 EURUSD: Trade for a breakout of the range. The latest most important news – the decisions of the Fed and the ECB – have not yet resulted in strong movements. Nevertheless, the Euro out of the range will happen very soon. We have clear order levels for entering the breakout of the […]

Wave summary: EUR/NZD is now trading just above its 1.6720 targets, which is expected to mark the low for wave (iv) and set the stage for a strong rally in wave (v) towards 1.7770. Short-term a break above minor resistance at 1.6873 will indicate that wave (iv) has completed, while a break above resistance at […]

These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with technicals at 8 AM GMT. First up is the Euro/Dollar with 6 buy prompts in the short-term. The mid-term sees 6 neutral models, and the daily outlook is split between red and neutral studies. Neutral at less than 8% long, […]

Wave summary: We continue to look for more downside pressure to important support at 131.14 and a break below here will confirm that wave (D) completed with the test of 134.50 and wave (E) lower to 123.43 is developing. Short-term resistance is now seen at 132.78 and again at 133.76, which needs to cap the […]

EUR/USD: The EUR/USD made some bullish effort last week, but the further rally was rejected when the resistance line at 1.1850 was tested. Since then, the price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line […]

Morning Report: 07.00 London Markets are quiet this morning despite apparent good news from the US on the tax bill front. The US dollar is on the back foot, helping dollar pairs to nip higher. The NZD/USD is the top performer after out-performing on Friday, rising by 0.59%. The neighbouring AUD/USD is up 0.33%. The […]

Good Monday morning, you’re watching this week’s first Support and Resistance Level Report. Euro/Dollar has the closest levels of 1 1770 in resistance and 1 1740 in support. Standing near a 50 day moving average, R1 is well confirmed with 12 models. R2 is a 100 day moving average with 7 models, and Bollinger Upper […]

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

USD strengthened on reports that the US Tax Bill is moving closer to being ratified. Many top Republicans are confident that Congress will pass the Tax Bill this week. Once the Senate ratifies the bill, which could happen as early Tuesday, President Trump could sign and bring the Bill into law by the end of […]

EURUSD is neutral in a broad range between 1.1600 and 1.1900 since late September. The pair has been pivoting the 50-day moving average which is horizontal and indicative of a lack of clear direction in the market. The RSI is neutral around 50. Near-term support appears to be holding at 1.1730 and limiting downside moves. […]

EUR/USD has been quite bearish recently after bouncing off the 1.1850 resistance area. The market is still quite volatile, but the price is expected to be bearish in the coming days. Despite having a hike in interest rates USD was quite weak against EUR which was recovered well enough with the positive development based on […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -AUD & NZD post weekly gains. –BITCOIN tests towards $19k. -China house price growth slows in Nov. -Japan’s exports grow once more. -Chilean billionaire wins the election. -IKEA under EU tax scrutiny. -it was better in the old days! The overnight changes and price moves to be aware of by Pepperstone’s […]

When the European market opens, some Economic Data will be released, such as German Buba Monthly Report, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will release the Economic Data, too, such as NAHB Housing Market Index, so, amid the reports, EUR/USD will move in a … volatility during this […]

In Asia, Japan will release the Trade Balance data, and the US will release some Economic Data, such as NAHB Housing Market Index. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.21. Resistance. 2: 112.99. Resistance. 1: 112.77. Support. 1: […]

Retail sales in November rose above expectations, allowing the dollar to complete a short-term correction, which it left immediately after the FOMC meeting in 2017. The growth was 0.8% with a forecast of 0.3%. Preliminary data from Markit was more upbeat than expected, the industrial sector’s growth, the index PMI in December stood at 55.0p […]

Eurozone The ECB did not make any additional statements regarding the pace of normalization of monetary policy at its regular meeting on Thursday. The markets assumed that a strong economic growth and a positive inflation forecast could provoke the ECB to come up with more specific wordings regarding the timing and pacing of the reduction […]

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

Traditionally, the last 2 weeks of the year are characterized by consolidation and end of year flows, but this year could be different because the tax bill hasn’t reached Trump’s desk and some corporates may be holding out until the very last minute before repatriating their funds in case of last minute snags. In a […]

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Myths about financial markets are perpetuated because almost no one bothers to check the actual data. For example, consider the widely held belief that precious metals…