It`s time for the Midday Snapshot where we`ll see how traders have managed to work out the rate movements during the morning session on this Thursday. Euro/Dollar has been trending slowly higher and rise puts the pair point 26% in the green. Turnover is average and neutral sentiment is just 2% long. Uptrend makes a […]

The UK Chancellor of the Exchequer, Philip Hammond, unveiled his 2017 budget in parliament on Wednesday, which put the focus on investing for the future as Britain readies to leave the European Union. With the Conservative government still trying to bring under control a financial crisis era debt hangover, Hammond had little room for big […]

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 111.06. According to the 30M time – frame, I found that price is trading below the pivot level at the price of 111.61. I also found a symmetrical triangle in creation, which is a sign that price is […]

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With Japanese markets closed for Labor Thanksgiving Day, attention shifted to other Asian markets. Hong Kong’s Hang Seng lost 1.0% after yesterday closing at a 10-year high and the Shanghai Composite retreated by 2.3% to record its worst daily performance of the year. Australia’s S&P/ASX 200 finished the day flat. Sentiment is China was negatively affected […]

According to Wall Street Journal, JP Morgan Chase is considering launching its Chicago Mercantile Exchange (CME) futures platform on Bitcoins. This statement was issued last week and raised the BITCOIN price to a record high of over $ 8,300. According to the report: ” J. P. Morgan wonders whether through its futures brokerage unit will […]

After Wednesday’s poorly received FOMC dovish statement, the financial market today fell asleep in the wake of the holiday in Japan and later in the US. USD / JPY closed the session in the US at 111.20 and since then has not deviated. In a similar style, EUR / USD sits at 1.1827. On the […]

Check your broker`s price feed quality on this Thursday by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 28 pips and peak separation has been 1.6 pips. The pair has been on a sharp rise as it gained almost 1% or 111 pips, moving towards the 1 19 level. Spreads were […]

Check your broker`s price feed quality on this Thursday by watching the Dukascopy Spike Controller. Euro/Dollar’s long term average spread is point 28 pips and peak separation has been 1.6 pips. The pair has been on a sharp rise as it gained almost 1% or 111 pips, moving towards the 1 19 level. Spreads were […]

NZDUSD is on a continuous downward trajectory since falling from the September 20 peak of 0.7434, making a series of lower highs and lower lows. The bearish market structure is still in place, although in the near-term prices are pulling back. Short-term charts are indicating a slight reversal. On the 4-hour chart, there was a corrective bounce […]

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. […]

Wave summary: We continue to look for a break below support at 1.7100 to confirm that a deeper correction in wave ii towards 1.6619 is developing. Short-term resistance is seen at 1.7237 and again at 1.7300. The later will ideally cap the upside for the expected break below support at 1.7100. R3: 1.7408 R2: 1.7334 […]

During yesterday’s FOMC meeting concerns were aired regarding growth of inflation, raising suspicions that they may keep interest rates unchanged until the end of the year. Although most analysts assumed that an the US was poised for a third interest rate hike in 2017. This fear seemed to resonate into the markets causing GOLD to […]

As the Asian session was nearing completion, the dollar was little changed on the day relative to major rival currencies after yesterday posting sizable losses following the release of the minutes of the Federal Reserve’s October 31-November 1 meeting which showed differing views within the FOMC, casting doubts about the timing of delivery of future […]

Wave summary: We continue to look for a clear break below support at 131.14 to confirm that wave (D) has completed and wave (E) lower to the ideal target near 123.43 is developing. Short-term we could see a minor pop to minor resistance near 132.75 before turning lower again. R3: 133.13 R2: 132.75 R1: 132.32 […]

The Dollar index got rejected at the 4-hour Kumo and is making new lower lows below the short-term support area of 93.50-93.40. Trend remains bearish and we should expect price to bounce and make a lower low towards 92.50. Green rectangle – support area (broken) Red rectangle – target area The Dollar index is now […]

GOLD price reached the upper channel boundary once again and it shows reversal signs. Price is trapped inside a trading range. Gold is expected to move towards $1,250 and that is why I remain short-term bearish. Blue lines – trading range Gold price is trading above both the tenkan- and kijun-sen indicators. Support is at […]

Technical outlook: The EUR/USD pair posted an interesting rally yesterday and it’s good we exited short positions earlier. At the same time, the long entries or positions were also not triggered at 1.1670/80 levels as expected, rendering us to remain flat. Believe it or not, the story still remains well poised to drop lower from […]

UK Chancellor Phillip Hammond delivered an Autumn Budget that appeared to be somewhat neutral in its content. More sobering was the updated forecast of UK economic growth, which is growing slower than previously thought. Hammond said productivity levels remained “stubbornly flat”, with growth until 2021 expected to be lower than predicted in March. The Office […]

On 15th November, XM arrived in Madrid, at the last destination of its autumn Forex trading seminar series held in various cities of Spain, where we were extremely glad to meet with all those who joined our free seminar presented by Academia de Mercados. As XM is dedicated to helping traders build their confidence by […]

Last minute burning forecast 23.11.2017 EURUSD: Path upwards. Buy from the kickbacks. On Wednesday, important news emerged: data on orders for durable goods in the US declined moderately – against the dollar. Late in the evening, a report came out from the last meeting of the Fed – no signals to accelerate the rate hike. […]

USD/JPY is expected to trade with a bullish outlook. The pair posted a rebound from 111.90 and broke above its 20-period and 50-period moving averages. In addition, a bullish cross between the 20-period and 50-period moving average has been identified. The relative strength index is bullish, calling for a further upside. Hence, above 112.20, look […]

CHF has been quite impulsive with the gains over USD recently which lead the price to reside in the support area between 0.9770 to 0.9860. Due to recent worse economic reports of USD and Dovish FOMC Meeting outcome USD has suffered the weakness against CHF after having a good bullish momentum lately. FED has been […]

Morning Report: 07.00 London This morning, the US dollar index remains on the back foot after heavy selling yesterday. This comes after the Fed warned of how a sharp reversal in financial markets could have damaging effects on the economy. The dollar pairs have positive bias today, with the EUR/USD posting the biggest gains yesterday. […]