EURUSD has been struggling within a symmetrical triangle over the last month, remaining within the squeezed Bollinger bands in the 4-hour chart. The ascent from the three-year low of 1.0635 drove the pair until the 1.1145 resistance but failed to hold near this level. According to the technical indicators, the MACD is flattening marginally below […]

Copper futures’ bullish correction from the 45-month low of 1.9684 appears to have lost steam as it approaches the restrictive trend line drawn from the 8½-month peak of 2.8819. Further suggesting that positive momentum is wavering is the RSI that has dipped back below its neutral 50 mark and the stochastic lines, which have reversed […]

As Australia enters its fourth week of national lockdown, the country looks set to find out what the economic cost of the virus shutdowns has been on the labour market. The employment indicators for March are due on Thursday at 01:30 GMT and are certain to make a grim reading. If the jobs numbers prove […]

GBPJPY looks to be mostly neutral after an ascent from the three-and-half-year low of 124.00 that returned the price back above the 135.70 hurdle, overcoming the Ichimoku cloud. The short-term oscillators reflect a stall in the positive momentum. The MACD, in the positive area, has moved near the zero level, while the RSI slipped below […]

GBPAUD’s new found confidence has pushed the price above the 1.9725 resistance and to the flat blue Kijun-sen line. The latest upside price action is also reflected in the upwards turn in the Tenkan-sen line as well as the short-term momentum indicators. The MACD, in the negative area, continues to increase above its red trigger […]

EURGBP has seen its positive momentum evaporate in the medium-term and is subsequently unable to decisively overrun above the 20- and 40-period simple moving averages (SMAs) to give some signals for an upside rally. The pair has jumped somewhat higher today, backed by the technical indicators and the upward sloping red Tenkan-sen line. higher, with backing the technical indicators […]

Uncertainty about growth outlook resurfaces after IMF warning, weighing on stocks Dollar pulls higher as risk aversion sets in US earnings and retail sales data could make for a rocky ride Stocks muted as growth jitters return Equity markets were struggling for momentum on Wednesday as the IMF’s latest economic forecasts served as a reminder […]

USDJPY sellers are presently retesting the 106.91 latest low from April 1 after pivoting at the 109.22 level – that being the 23.6% Fibonacci retracement of the up leg from 101.17 to 111.71 – and pushing back under the mid-Bollinger band and congested simple moving averages (SMAs). Reflecting a pause in the market are the […]

NZDUSD stopped last week’s rally as the descending trendline and the 50% Fibonacci retracement of the decline stretched from the 0.6754 top proved hard to break once again, with the pair drifting south on Wednesday. The falling RSI and the downside reversal in the Stochastics which have peaked in the overbought territory are discouraging signals […]

NZDUSD stopped last week’s rally as the descending trendline and the 50% Fibonacci retracement of the decline stretched from the 0.6754 top proved hard to break once again, with the pair drifting south on Wednesday. The falling RSI and the downside reversal in the Stochastics which have peaked in the overbought territory are discouraging signals […]

Gold prices advanced to a fresh seven-and-a-half-year peak of 1,746.95 on Tuesday, continuing the upside tendency from the rebound off 1,456 on March 20. However, the technical indicators are suggesting a possible downside retracement in the 4-hout chart. The RSI seems to be losing momentum returning near the 70 level, while stochastics are approaching the oversold territory. […]

The year 2020 continues for XM with further accolades for the company’s highest standard of services and products provided to clients across the globe. For the fourth consecutive time, UK-based World Finance has granted two notable awards to XM: Best FX Broker in Europe and Best FX Broker in Australasia. The double win from World […]

The year 2020 continues for XM with further accolades for the company’s highest standard of services and products provided to clients across the globe. For the fourth consecutive time, UK-based World Finance has granted two notable awards to XM: Best FX Broker in Europe and Best FX Broker in Australasia. The double win from World […]

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and […]

The COVID-19 pandemic has already had a devastating impact on the US labour market and the next data to get the virus treatment are retail sales and industrial production. Both are due on Wednesday at 12:30 GMT and 13:15 GMT, respectively. The virus outbreak may have been dominating the headlines since January but the hard […]

EURCHF’s long-term downtrend has glided the pair towards a 55-month low of 1.0517 and into a neutral market since the beginning of March. The price is continuing to creep sideways, being squeezed by the Bollinger bands, which are reflecting the weak direction in price action. The short-term oscillators reflect conflicting signals, with the MACD marginally […]

The JP 225 index stretched its two-month old downside rally to an almost four-year trough of 15,383 before retracing half of the decline.  The MACD seems to be gaining ground towards the zero line, the RSI is still hovering around its 50 neutral mark and the simple moving averages (SMAs) continue to point south, all signaling a more cautious trading in the short-term. In case […]

US 100 stock index (cash) has retraced more than half of the bearish wave started from the 9,750 top, piercing all its simple moving averages (SMAs) on the four-hour chart and topping at a one-month high of 8,495. The odds for a downside correction are increasing as the price is testing a familiar restrictive area […]

USDCAD held onto losses for the third day in a row, dropping to a one-month low of 1.3855 on Monday. Currently, the pair has been developing below the 20- and 40-period simple moving averages (SMAs) and the falling tentative trend line since March 19. The RSI in the four-hour chart, is turning higher after the bounce off […]

Stocks head higher as easing virus outbreak lifts mood But risk of over-optimism as US earnings poised to unveil virus hit Pound and aussie extend gains as dollar retreats Is the global pandemic peaking? Cautious optimism that the global pandemic of the coronavirus may have started to peak pulled global equities higher on Tuesday just […]

Stocks head higher as easing virus outbreak lifts mood But risk of over-optimism as US earnings poised to unveil virus hit Pound and aussie extend gains as dollar retreats Is the global pandemic peaking? Cautious optimism that the global pandemic of the coronavirus may have started to peak pulled global equities higher on Tuesday just […]

EURJPY sellers seem to have resurfaced after the pair reversed down from the capping mid-Bollinger band. That said, the pair remains confined within a horizontal market of 122.86 – 116.11, as the clash between buyers and sellers continues to zigzag the price between these boundaries. Prices’ directional signals are also unclear as illustrated in the […]

EURJPY sellers seem to have resurfaced after the pair reversed down from the capping mid-Bollinger band. That said, the pair remains confined within a horizontal market of 122.86 – 116.11, as the clash between buyers and sellers continues to zigzag the price between these boundaries. Prices’ directional signals are also unclear as illustrated in the […]

GBPUSD terminated its range bound trading on Monday after the wall around the 1.2460 level, which is also the 50% Fibonacci of the downleg from 1.3513 to 1.1409, collapsed, giving the lead to the bulls. Subsequently, the price strengthened towards the 50-day moving average (SMA) which is currently under examination, with the momentum indicators suggesting […]

GBPUSD terminated its range bound trading on Monday after the wall around the 1.2460 level, which is also the 50% Fibonacci of the downleg from 1.3513 to 1.1409, collapsed, giving the lead to the bulls. Subsequently, the price strengthened towards the 50-day moving average (SMA) which is currently under examination, with the momentum indicators suggesting […]