The first half of the trading day is over and it’s time for us to take a look at the performance of the traders with the Dukascopy Midday Snapshot. Euro/Dollar has been trending slowly South and the pair has attracted just slightly more than half of the monthly average funds. Sentiment of the traders is […]

GBP/USD has been quite bearish recently after bouncing off the resistance area of 1.3270-1.3330. GBP has been quite weak in nature recently due to the Brexit effect but PM May recently spoke about positive results in Brexit talks that did not quite help the currency to gain momentum. Today, a series of downbeat economic reports […]

WTI Oil futures have shifted to a bullish phase and are making a steady recovery after breaking above the key 50.00 level. On the 4-hour chart, the crossover of the 20-period moving average above the 50-period MA highlights the bullish bias. Momentum indicators are positive. The rise from the October 6 low of 49.07 is […]

EURGBP has reversed back down again after finding resistance at a four-week high of 0.9032 last week. This top is just above the 50% retracement of the downleg from August’s 8-year high of 0.9306 to September’s 3-month low of 0.8745. Momentum indicators are pointing to a neutral to negative bias in the short term with […]

The BITCOIN (BTC) has been trading sideways at the price of $5.665. At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin GOLD which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take […]

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. The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230. This resulted in a quick bullish advance towards […]

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. […]

Recently, the USD/JPY pair has been trading sideways at the price of 112.17. According to the 15M time – frame, I found tweezer bottom from the pivot level at the price of 112.04, which is a sign that selling looks risky. The price is trading above the pivot, which is a sign that buyers are […]

BITCOIN analysis for 17/10/2017: In the last week in Beijing, the “First Workshop on Universal Access to Fiat Digital Currencies” was organized by the International Telecommunication Union (ITU) and the Institute of World Economics and Politics of the Chinese Academy of Social Sciences. The event was held under the patronage of the Chinese government. Many […]

Recently, the Silver has been trading downwards. As expected, the price tested the level of 1.3250. According to the 15M time – frame, I found bearish flag in creation and fake breakout of pivot point at 1.3260. I also found shoting star candle in the background, which is another sign of weakness. My advice is […]

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Financial markets commenced the week with political drama in Spain. Madrid has given Catalan until Thursday to declare independence or back down. Despite the political uncertainty and geopolitical tensions, stocks remain supported. UK inflation will be in focus which could shape expectations of higher UK interest rates. Crude Oil has edged higher as tensions in […]

In Japan, the Nikkei 225 and the broader Topix advanced by 0.4% and 0.2% respectively, hitting fresh multi-year high closes, though gains were more limited relative to previous trading days. Hong Kong’s Hang Seng finished marginally higher and the Shanghai Composite edged down by 0.15%. The South Korean Kospi added 0.2%, with Australia’s S&P/ASX 200 […]

Trading plan for 17/10/2017: At night we saw transient reactions after CPI from New Zealand and RBA minutes, but overall the Asian session went into a sleepy atmosphere. The stock market maintains a positive sentiment, which indirectly weakens the GOLD.However, the value of USD on the market remains modest. EUR/USD drops below 1.1770 and USD/JPY […]

You’re watching the Main Daily Trading Signals for Tuesday. Here’s how technicals compare with interbank at 8 AM GMT. Euro/Dollar sees a mix of green and neutral models on its hourly chart. The mid-term scale sees 6 sell prompts, and the daily outlook turns neutral with 6 studies, matching the less than 15% long interbank. […]

XM has recently joined forces with ActionAid to help the organization’s international Child Support Program dedicated to improving the life standard of children across the world. Caring about and making a difference to the lives of those in need has always been part of our corporate social responsibility. For XM, just like for ActionAid, it […]

On Tuesday, the dollar drifted higher in Asia on speculations that a hawkish Fed candidate impressed the US President. On the other hand, the Australian dollar dipped into losses after the RBA meeting minutes reiterated concerns on overloaded household debt. Markets were surprised to hear on late Monday that the Stanford Economist, John Taylor, who was in […]

Breaking forecast 10.17.2017 EURUSD under pressure. The EURUSD rate is under pressure from selling on Tuesday morning. The reasons are: the strong data on the US economy and the gradual acceleration of inflation. Strong data on the growth of industrial production in the US was released on Monday. The second reason: Madrid’s ultimatum to the […]

The Dollar index is finally bouncing as part of the correction of the downward move from the 94 area highs. Price has reached important short-term cloud and Fibo resistance. Price is trading below the Ichimoku cloud in the 4-hour chart. Support is at 93.10 and resistance is at 93.60. A rejection here will be a […]

GOLD price reversed yesterday and has pulled back below $1,300. As we mentioned a couple days ago, the area of $1,305-$1,310 is an important resistance area and a pullback from that area towards $1,280 was justified. In Ichimoku cloud terms, this pullback is considered a buying opportunity. Price is above the 4-hour Kumo. Price is […]

Morning Report: 07.00 London This morning, the Pound is steady ahead of today’s inflation data where CPI and RPI are expected to rise. The EUR/GBP is slipping lower again. The US dollar is on the rise, pushing dollar pairs generally lower. The EUR/USD is down, as is the NZD/USD. The GBP/USD is unchanged, while the […]

1. EUR/USD ended the day on a slightly heavy note yesterday on the back of a stronger-than expected Empire manufacturing index. With a relatively thin data calendar today we are probably in for yet another quiet session before the series of speeches from the Fed and ECB officials on Wednesday. USD/JPY gained last night with […]

1. EUR/USD ended the day on a slightly heavy note yesterday on the back of a stronger-than expected Empire manufacturing index. With a relatively thin data calendar today we are probably in for yet another quiet session before the series of speeches from the Fed and ECB officials on Wednesday. USD/JPY gained last night with […]

After a successful Forex trading seminar in Manila this summer, XM returned to the Philippines, and this time to Davao City and Cebu City, to offer high-level education to online investors. On 30th September, we were glad to welcome many of our existing and new clients at Seda Abrezza Hotel in Davao City, and just […]

After a successful Forex trading seminar in Manila this summer, XM returned to the Philippines, and this time to Davao City and Cebu City, to offer high-level education to online investors. On 30th September, we were glad to welcome many of our existing and new clients at Seda Abrezza Hotel in Davao City, and just […]