On Monday, New Zealand Dollar (NZD) jumped after Adrian Orr was appointed the new Central Bank Governor. Orr is an experienced central banker who has worked as the deputy governor and economist. Previously, he led the country’s $26 billion sovereign wealth fund. Investors were optimistic that he will be able to change the RBNZ without […]

WTI Oil futures are in a bullish phase and flowing back to the upside, having recouped almost all of the losses made from the decline of the early December high at 58.86 to the December 7 low of 55.79. A clear break and daily close above 58.40 would open the way for a re-test of […]

Here are the latest developments in global markets: Forex: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising to its highest in a month relative to the […]

GBP/JPY is under pressure. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is below its neutrality level at 50 and lacks upward momentum. To sum up, as long as 151.95 holds on the upside, look for a return […]

NZD/USD is expected to trade with a bullish outlook. Despite a recent pullback from 0.6930 (the high of December 11), the pair is still trading above the rising 50-period moving average, which plays a support role. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Hence, as long […]

Morning Report: 07.00 London Markets remain cautious this morning ahead of Wednesday’s FOMC meeting Where expectations are high for a 0.25% increase in rates. The dollar is nipping lower slightly, in a move that is helping the dollar pairs to increase slightly. The AUD/USD is stringing two strong days together on the bounce, while the […]

These are the Main Daily Trading Signals for Tuesday. Let’s see how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar sees 5 neutral studies in the short-term. The mid-term is divided between green and neutral signals, and the daily outlook is back to neutral. The interbank is neutral as well at less […]

This December, XM successfully completed its Forex trading seminar series started in Germany in autumn to offer both beginner and more seasoned traders professional education that can help them enrich their trading knowledge and develop their investing skills. The last two destinations of our seminar series were Munich on 25 November, and just two weeks […]

BITCOIN‘s price has continued to rise strongly yesterday and we’re seeing it approaching a major resistance area. We look to sell below $17,459 resistance (Fibonacci extension, bearish price action, bearish divergence) for a drop towards at least $14,739 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 98% and also displays […]

Price continues to test our selling area and is starting to form another nice reversal pattern. We remain bearish looking to sell on major resistance at 1.2859 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,3,1) is showing major […]

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar has the closest levels of 1 1790 in resistance and 1 1760 in support. Standing near a 100 day moving average, R1 sees 10 confirmations. R2 is a 20 day moving average with 7 models, and Bollinger […]

Markets were somewhat lackluster on Monday, and that trend appears set to continue Tuesday as traders await a host of Central Bank meetings starting on Wednesday, with the Federal Reserve expected to hike rates at their last FOMC meeting of 2017. With the markets “pricing-in” a hike of 0.25%, we are likely to see a […]

GBPUSD has been neutral since last week following a rise from near the 1.3000 level to a high of 1.3549 hit on December 1. The market is consolidating these recent gains and price action remains above the previous two months’ range. The 50 and 200- day moving averages are positively aligned. However, near-term risk is […]

A busy economic calendar and the departure of political risks into obscurity allows us to hope for the return of investors in actively trading the Pound. Semiannual negotiations between London and Brussels, judging by the statements of the latter, were completed successfully, which makes it necessary to shift attention to macroeconomic data. In general, there […]

EUR/USD: Throughout last week, the EUR/USD pair went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support levels at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF pair. USD/CHF: […]

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Most investors miss key turns in financial markets. Put another way, investors usually give patiently accumulated gains right back to the market. The Elliott wave model…

Neither better than expected (+228k) increase in NFP Payrolls employment, nor the preservation of unemployment from December 2000 at a minimum level of 4.1% could not exceed the disappointing salary statistics. The failure of the wage growth index in the annual (+ 2.5%) and monthly (+ 0.2%) settlements to reach the consensus of forecasts is […]

BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $16,645. Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect […]

Recently, GOLD has been trading downwards. The price tested the level of $1,244. Anyway, according to the 30M time- frame, I found that price is trading inside of a trading range between the price of $1,252.30 (resistance) and the price of $1,244.00 (support). Since the short-term trend is bearish, my advice is to watch for […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

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. […]

Technical outlook: The EUR/USD pair dropped close to 1.1720/30 levels on Friday as expected and discussed earlier. The pair is seen to be pulling back through 1.1800 levels at this moment and is expected to drop lower again towards 1.1700/10 levels at least. A meaningful correction can be expected after that drop, towards 1.1850/60 levels. […]

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3342. According to the 15M time- frame, I found that price broke the intraday bearish flag formation, which is a sign that buying looks risky. I also found a stochastic oscillator in the overbought zone, which is another sign of weakness. […]

Overview: The EUR/USD pair continues to move downwards from the level of 1.1817. Last week, the pair dropped from the level of 1.1817 to the bottom around 1.1729. But the pair has rebounded from the bottom of 1.1729 to close at 1.1800. Today, the first support level is seen at 1.1756, the price is moving […]

The UK will see the release of November inflation figures at 0930 GMT on Tuesday. Annual inflation is expected to grow by 3.0%, the same more-than-five-year-high pace that was recorded in October and September. The pace of inflation has implications for the rate hike path that is to be implemented by the Bank of England. […]