GOLD PRICES rose further in London trade Thursday, gaining $20 per ounce from this week’s 5-month lows after the US Federal Reserve raised its key interest rate as expected.   After UK inflation came in at a 6-year high of 3.1%, the Bank of England today voted unanimously to hold its key interest rate at […]

Here are the latest developments in global markets:  Forex: The Pound hit a one-month high at $1.3463 in the wake of better than expected retail sales in November. However, it soon slipped back to 1.3420 after the BOE held rates steady but signaled that GDP growth in Q4 “might be slightly softer than in Q3”. The […]

Overview: The NZD/USD pair will continue to rise from the level of 0.6948. The support is found at the level of 0.6948, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 0.6948, while immediate resistance is […]

Check your broker’s price feed quality by watching the Dukascopy Spike Controller providing you with the benchmark interbank price data for Thursday. Point 3 pips is the long term average spread for the Euro/Dollar. Daily peak is 3.2 pips and both of the sides were 3 pips apart during the past 4 hours. The pair […]

You`re watching Thursday’s FX Midday Snapshot brought to you by the Dukascopy TV Team. Euro/Dollar has walked in a total range of just 33 pips, but the pair sees a typical amount of funds. Most of the traders have been forecasting the pair to head higher, but the flat rate movement suggests no significant moves […]

The Bank of England interest rate decision is scheduled at 12:00 am GMT and market participants expect no change this month (rate should stay at the level of 0.50%). Moreover, the Asset Purchase Facility should remain unchanged as well at the level of 435bln Pound. The November hike by 25 bp was commented as a […]

Over the past month, BITCOIN‘s price has seen phenomenal increases, which was crowned by the Chicago Board options Exchange (CBOE), which began trading Bitcoin futures on December 10th. At the same time, the price of GOLD fell. However, according to Jeffrey Currie, Head of Research for Goldman Sachs, the huge increase in Bitcoin prices did […]

Ascendant and Pasinex surprised positively the markets. Ascendant saw the 3rd month in a row with positive EBITDA and Pasinex showed a nice first resource estimate which gives the company a 3.5-year mine life but of course, they drill further and replace more than they produced. Zinc warehouses in London are at a low and […]

This winter XM brought Forex education to Morocco once again by visiting Marrakesh on 6th December and Tangier on 9th December with the seminar titled Introduction to the Avramis Swing Trading Techniques. The two Moroccan cities were the last two destinations of a long forex trading seminar series started earlier this autumn by XM in […]

The details of the Fed’s hike were interpreted as dovish and the investors’ reluctance towards the US Dollar was dragged to the Asian part of the session. AUD is rallying after another strong report from the labor market. NZD is losing. The stock market is calm with small drops. Nikkei225 lost 0.3% and Hang Seng […]

The Dollar index has pulled back as expected by our latest analysis back towards 93.30 and cloud support. This is a very important short-term support area. Bears must be careful of a possible bounce higher. The Dollar index is testing the upper Kumo (cloud) boundary support. Between 93.40-93 we have very important support. If it […]

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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…

As I sip my overpriced latte cursing the fact that despite my best attentions I now have jingle bell rock stuck in my head I force my mind to think of other things other than how sick I am of Christmas music already.  Not that I don’t like this time of year, I enjoy it […]

On Thursday, the European Central Bank (ECB) started its final meeting of the year. To them, it will be a celebration after having an excellent year. This year, after years of lagging, the European economy is firing on all cylinders. It has outperformed the U.S. and the U.K. without high inflation. The unemployment rate is […]

Yesterday, the EUR/GBP pair started the day heading south. It fell to the 0.8781 level. It then rose to the 0.8812 level. It ended the day higher at the 0.8829 level. This interesting move was attributed to several things. First, the United Kingdom released mixed employment data yesterday. The jobless rate of 4.3% – which […]

Here are the latest developments in global markets: Forex: The dollar index was little changed after recording sharp losses the previous day as investors expected a more hawkish rate outlook by the Federal Reserve. The aussie was on a positive footing versus the greenback after better-than-anticipated employment figures. STOCKS: The Nikkei 225 finished lower by […]

GOLD price bounced as expected towards $1,260. We are currently being rejected by the Kumo (cloud) and this is what we initially expected. This could be a nice opportunity to sell Gold for a move down to $1,200. Gold price is trading below the 4-hour Kumo (cloud). Trend remains bearish. This bounce was expected and […]

Burning Forecast 14/12/2017 EURUSD: A strong buy signal. On Wednesday, the Federal Reserve decided on the rates: The main rate on the dollar was raised +0.25% to the range of 1.00 – 1.50% (as everyone expected). The forecast on US economic growth was raised. The forecast of the Fed – the rate in 2018 will […]

These are the Main Daily Trading Signals for Thursday. Let’s see how the intebank compares with the technicals at 8 AM GMT. Euro/Dollar sees 5 neutral models in the short-term. The mid-term is mostly bullish, and the long-term is back to neutral. The interbank is neutral as well at less than 10% long, matching the […]

USDJPY has come under increased downside pressure after sharply reversing a recent rally from the 111 to 113 handle. Near-term momentum has stalled as can be seen by the RSI which did not fall to far below the 50 line. USDJPY has consequently stabilized near the mid-112 handle. But additional weakness cannot be ruled out […]

The Fed updated the forecast for the main indicators of the US economy – the forecast for GDP growth in 2017 is 2.4% – 2.5% (previously 2.2% – 2.5%) – the forecast for GDP growth in 2018 is 2.2% – 2.6% (previously 2.0% – 2.3%) – the forecast for GDP growth in 2019 is 1.9% […]

Morning Report: 07.00 London This morning, the dollar index remains under pressure after yesterday’s FOMC meeting. As expected, the Fed elected to increase rates to 1.5%, but crucially there were two dissenting votes. This in addition to a softening in some of the commentary and core CPI missing expectations. The dollar pairs are mostly enjoying […]

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar has seen a jump which now puts it between R1 of 1 1850 and S1 of 1 1820. The lowest resistance line has found 3 matches, and R3 is a psychological level with 2 confirmations. Bollinger Upper […]

The Federal Reserve, as expected, raised its benchmark interest rate by a quarter of a percentage point, to a range of 1.25% to 1.5%. The latest hike continues the Fed’s gradual move toward higher rates, which were cut to virtually zero during the financial crisis. The latest hike is the 3rd time this year that […]