2nd December 2017 was a very special day for XM: we celebrated the third consecutive year of our company’s presence in Thailand with a grand gala event organised in Bangkok. The representative members of XM present at the gala welcomed event guests at Shangri-La Hotel, Bangkok, where an evening rich in entertainment, a luxury dinner, […]

The Dollar index has broken out of the bearish channel but remains inside the Kumo. Trend is neutral. Price is mainly moving sideways in the short-term. I expect price to break upwards but traders have to be patient. Black lines – bearish channel (broken) The Dollar index is moving sideways just below the 93.40 short-term […]

GOLD price remains near its recent lows. Trend is bearish as price is below the 4-hour Ichimoku cloud. Gold could bounce towards $1,285 but I expect price to get rejected again if we see this bounce. Short-term support is at $1,270 while resistance is at $1,285-87. Trend is bearish. Gold price could be forming a […]

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Price continues to hover below our resistance. We look to sell on strength below major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, descending resistance, price gap) for a further push down to at least 0.7537 support (Fibonacci extension, horizontal swing low support). Stochastic (34,3,1) is seeing major resistance below 94% where we expect a […]

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Price is now testing our buying level and major support at 1.2664 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and we expect a bounce from this level up to at least 1.2844 resistance (Fibonacci retracement, horizontal overlap resistance, breakout resistance). Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a corresponding bounce […]

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

The holiday season is here with us. Already, the Black Friday and Cyber Monday have come and gone, but the reality is that the shopping season will continue until the end of the year. In the just-concluded thanksgiving weekend, Americans spent an average of $800 on shopping. In China, more than $25 billion was spent […]

WTI Oil futures have unwound almost all of the gains made from the recent rally off the key 57 level. The near-term bias is to the downside and last Friday’s 58.86 high remains unchallenged. Technicals are bearish on the 4-hour chart. The market has dropped below the 20 and 50-period moving averages which are negatively […]

Here are the latest developments in global markets: Forex: The RBA held rates unchanged on early Tuesday as expected, but the aussie hit a three-week high following upbeat retail sales figures which pointed to an improved economic outlook. The kiwi also posted a strong rebound, erasing yesterday’s losses after the RBNZ governor said that the central bank […]

Burning Forecast 05/12/2017 EURUSD: Buy for a breakthrough to the high of 1.1940 The main event in the market on Tuesday morning: the US Senate finally approved Trump’s law on a significant reduction in business taxes. This is Trump’s first big victory as the president. This is very good for the growth of the US […]

Morning Report: 07.00 London This morning, the British Pound is on the back foot on reports that a deal with the EU has been scuppered by DUP objections to the Northern Irish border proposals. The GBP/USD is down 0.34%, while the GBP/AUD rallies by nearly 1%. The pound is also making concessions against the Euro […]

GBP/USD has been impulsively bullish, moving towards 1.3650 resistance area after breaking and retesting the 1.3300 support area recently. After an impulsive bullish price action, the pair is currently struggling to sustain the growth as the main reason for this pause is the rumor about obstacels to the Brexit process that puts pressure on the […]

On Monday, the US Commerce Department released Factory Orders data for October, indicating that the continued strength in the Manufacturing sector will help support the growing US economy. With the markets forecasting a drop of 0.4% in October, Factory Goods Orders only dipped 0.1% in the midst of a fall in demand for both civilian […]

GBPUSD is in a bullish phase in the near term and is poised to re-test the September peak at 1.3656. In the medium term, the pair is neutral and appears to be trapped between the key levels of 1.3000 and 1.3600. Last week’s high of 1.3549 remains a strong resistance level. Near-term upside momentum has […]

Wave summary: EUR/NZD has broken below support at 1.7210 confirming the expectation of wave c of iv lower to 1.7035 as the first target for wave c. Short-term, minor resistance at 1.7244 ideally will cap the upside for a continuation lower towards 1.7077 and 1.7035 as the next downside targets. Only a break above resistance […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review –FX Markets quiet overnight. -China Services PMI up but India is in reverse. -RBA leaves rates on hold once more. -RBNZ consider its options for stimulation. -UN sends diplomats to NK. -La Nina declared in the Pacific. -A minute on the net in 2017. The overnight changes and price moves to […]

Wave summary: Our preferred count remains that wave (D) completed with the test of 134.50 and wave (E) lower towards the ideal target seen at 123.43 now is developing. Short-term, we would like to see more downside pressure and a break below support at 132.90 and more importantly a break below support at 132.62 that […]

USD/JPY started with a gap this week which is currently being filled by the bears and proceeding towards the support area of 110.80 to 111.70. USD has been struggling recently with the gains ahead of the upcoming NFP and Rate Hike in this month whereas JPY has been quite well with the economic reports. This […]

When the European market opens, some Economic Data will be released, such as Revised GDP q/q, Retail Sales m/m, Final Services PMI, German Final Services PMI, Italian Services PMI, French Final Services PMI, and Spanish Services PMI. The US will release the Economic Data, too, such as IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services […]

In Asia, Japan will release the BOJ Core CPI y/y and 10-y Bond Auction data, and the US will release some Economic Data, such as IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services PMI, and Trade Balance. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. […]

Over the past two weeks, the British Pound added 2% versus the US dollar and more than 1% versus the Euro, against a background of lower political risks. Popular newspaper, like The Times, reported that London and Brussels managed to agree on the amount of compensation for the divorce, as well as on the issue […]

Trading plan December 4 – 8, 2017 The overall picture shows the market is waiting for news and trends. As the new week enters, the focus is on the news towards the US economy which includes employment reports on Wednesday and Friday (December 6 and 8), and the business activity report in the services sector […]

http://www.elliottwave.com/Investor-Research/Global-Market-Perspective?tcn=ytv1703 The behavior of one group of stocks will sometimes provide a clue about what to expect from the broad market. Right now, this is happening in a major European country. Here are the important details … http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Learn How the Wave Principle Can Improve Your Trading