XM’s humanitarian work, started earlier this year, to help the children of the Saint Antonios of Monde Orphanage in Wobulenzi, Uganda, has continued. Just one week ago, our XM team returned to Wobulenzi to inaugurate the new school block we built for the local children. We have all been looking forward to being back to […]

There was some profit-taking on the US dollar following reports that President Trump has decided to nominate Fed Governor Jerome Powell for the post of new Fed Chair. The kiwi and the aussie were doing well following upbeat trade and housing data out of Australia, while all eyes later today will be on the Bank […]

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 advance towards the next price zones around 0.7150-0.7230 (the key zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback […]

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. […]

According to the Freelancer periodical report, the number of cryptocurrency related jobs has increased by as much as 82% in the third quarter of this year. These deals mainly concern works related to BITCOIN, blockchain and related markets. Freelancer notes that a significant portion of the growth comes from companies that are looking for an […]

AUD/USD is currently bullish after breaking below the 0.7750 support area recently with a daily close. Despite having not so good economic reports recently AUD has been quite positive with the gains against USD. Today AUD Trade Balance report was published with an increase to 1.75B from the previous figure of 0.87B which was expected […]

The Dollar index is testing the channel support. Price reached the lower channel boundary. The trend remains bullish as the price is still above the Kumo. However, we have the first warning as the price has moved below the kijun-sen. Blue lines – bullish channel The Dollar index is testing short-term channel support at 94.45. […]

The GOLD price has entered the Kumo (cloud) and a short-term trend has changed to neutral, as the price is making very short-term higher highs and whenever it pulls back towards $1,270 buyers step in and push it back towards short-term resistance of $1,283. Blue line – resistance (broken) Red line – support The Gold […]

Find out how the interbank compares with technicals at 8 AM GMT. These are the Main Daily Trading Signals. Euro/Dollar sees 6 neutral studies on both its 1 and 4-hour charts, whereas the 24-hour scale brings 5 sell prompts. The interbank is neutral at less than 9% long, matching the short and mid-term models. The […]

Last minute burning forecast 02.11.2017 EURUSD: The decline is at a halt. Potential buying. On Wednesday, there were many important news on the US – the Fed decision (monetary policy unchanged), private employment report from ADP (+235K new jobs), ISM industrial production index +5.8.7 – slightly lower than forecast, but strong data. In general, the […]

USD/JPY is expected to trade with bullish outlook above 113.55. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength is above its neutrality level at 50 and lacks downward momentum. Therefore, as long as 113.55 holds on the downside, look […]

Our first target which we predicted in Yesterday’s analysis has been hit. USD/CHF is expected to trade with a bearish bias. The pair retreated from 1.0035 (the high of November 1) and broke below its 20-period and 50-period moving averages. In addition, the bearish cross between 20-period and 50-period moving averages has been identified. The […]

Wave summary: We continue to look for more downside pressure towards 1.6545 to complete wave ii. Short-term, a minor rally towards 1.6911 could be seen before the expected dip to 1.6545 from where wave iii higher to 1.7977 is expected to take over. Only a direct break above 1.6987 and more important a break above […]

Hello, traders, you’re watching another Dukascopy Support and Resistance Level Report. Euro/Dollar has inched higher and now stands between R1 of 1 1680 and S1 of 1 1640. Standing at a 20 day moving average, R2 sees 10 confirmations, while the other two resistance lines have found two matches each, including a 100 day moving […]

The Bank of England is widely expected to raise UK interest rates for the first time in 10 years today. An expected 0.25% rise, to 0.5%, will push UK interest rates back to pre-Brexit levels. UK inflation climbed to a 5 year high of 2.9% in August, significantly above the Bank of England’s Monetary Policy […]

Despite improvement in some economic indicators, the Australian economy’s progress lags that of most other developed countries. In view of this, the International Monetary Fund (IMF) reduced its growth forecast for Australia’s economy to 2.2% in October, from the 3% projection given merely six months back. Amid such news, all eyes are on the upcoming […]

USDJPY has been trading in a broad range during the past 7 months, roughly between 108.00 and 114.00. In the shorter time frame, the pair has turned neutral after a bullish run took it to the top of the longer-term range. Strong resistance at the October 27 high of 114.45 needs to be broken in […]

After a series of on-site educational events hosted for Italian-speaking online investors throughout the year, on 23rd November XM will be returning to Italy once again, and this time to participate at ITForum 2017 financial exhibition in Milan. This will be the second time this year for XM to attend ITForum 2017, the first event […]

Wave summary: EUR/JPY is testing the lower part of the expected target-area for wave ii between 132.96 – 133.33 from where the next impulsive decline is expected towards 128.36 in wave iii. A break below support at 131.60 will confirm that wave (D) has completed and wave (E) is developing towards 123.43. To keep wave […]

Our both targets which we predicted in Yesterday’s analysis has been hit. GBP/JPY is expected to trade with bullish outlook above 150.80. The pair is striking against the upper Bollinger band while being supported by both the 20-period and 50-period moving averages. The relative strength index is well placed above the neutrality level of 50, […]

Our first upside target which we predicted in yesterday’s analysis has been hit. NZD/USD is still expected to trade with Bullish bias above 0.6680. Although the pair retreated from 0.6930 (the high of November 1), a support base at 0.6880 has formed and has allowed for a temporary stabilization. The relative strength index lacks downward […]

GOLD was able to pare its losses and is trying to cling to an important level of $1,280 an ounce on the background of the reluctance of dollar bulls to force events ahead of the announcement of the results of the FOMC meeting, details of tax reform and release of data on the US labor […]

Today, the US Federal Reserve will hold a regular meeting on monetary policy issues. Since the meeting is a “pass-through”, which is not accompanied by the publication of macroeconomic forecasts and a press conference by the Fed chair. The markets do not expect any changes, while the probability of raising the rate is less than […]

“Oil will go to the side where the Prince of Saudi Arabia sneezed”, this phrase was popular in the market a few years ago, which emphasized the importance of Riyadh for the black GOLD market. Since then, the situation has changed significantly due to the activity of slate producers in the United States that forced […]

The new head of the Federal Reserve will be named on Thursday, November 1. Morning review. Trump said that on Thursday, the name of the chosen applicant for the position of the head of the Fed will be announced – the powers of the current head of the Fed Janet Yellen will expire in early […]