EURGBP is heading south to meet its 3-year low of 0.8275 after an unsuccessful attempt to rise above the Ichimoku cloud in previous sessions. The main scenario is that selling pressure will persist in the short-term as the RSI and Stochastics are trending downwards in the bearish area but have yet to reach oversold levels, […]

At the end of 2019 analysts were positive that crude markets may be at the start of a bull run but China’s deadly coronavirus put a damper on those hopes in January. Amid fears of a collapse in demand, OPEC and its partners recommended further production cuts on top of an ongoing pact, but Russia decided to take […]

Euro/dollar and euro/franc sink to multi-year lows after weak data extinguish hopes of European recovery Pain train for euro may not be over, difficult to see what can turn this around Meanwhile, virus worries return to haunt stocks and commodity currencies as death toll jumps – yen shines Euro caves in under the weight of […]

USDCHF’s bounce from the 0.9628 low has stalled around the 0.9769 level, which is the 38.2% Fibonacci retracement of the down leg from 1.0022 to 0.9612. However, as positive momentum appears to be improving with the bullish stance displayed in the red Tenkan-sen line, an advance into the Ichimoku cloud may unfold. The MACD continues […]

USDJPY attempted to reach January’s 8-month high of 110.28 on Wednesday but efforts proved fruitless as the price pulled back into the 109.00 territory early on Thursday. The falling RSI, which failed to resume upward direction on Wednesday, suggests that momentum in the price may remain weak in the short-term. Yet, as long as the […]

EURUSD came under renewed selling pressure on Wednesday, plunging to a fresh 22-month low of 1.0864. The 20-day simple moving average (SMA) has remained beneath the 40-day SMA over the last week, suggesting the continuation of the downside trend. However, the technical indicators are increasing chances for a possible reversal as the %K line of […]

EURUSD came under renewed selling pressure on Wednesday, plunging to a fresh 22-month low of 1.0864. The 20-day simple moving average (SMA) has remained beneath the 40-day SMA over the last week, suggesting the continuation of the downside trend. However, the technical indicators are increasing chances for a possible reversal as the %K line of […]

Our exclusive promotion started on 1st November 2019 in celebration of the decennial anniversary of XM, has completed three monthly rounds already. Offering participants a generous lucky draw prize pool worth no less than $1,000,000, every client who joins the 10th Anniversary Promotion has the chance to win their share of the monthly $80,000 lucky […]

Our exclusive promotion started on 1st November 2019 in celebration of the decennial anniversary of XM, has completed three monthly rounds already. Offering participants a generous lucky draw prize pool worth no less than $1,000,000, every client who joins the 10th Anniversary Promotion has the chance to win their share of the monthly $80,000 lucky […]

The graphics chipmaker, Nvida Corp, will report its earnings result for the fourth quarter of 2019 on Thursday after the market close. After seeing revenue plummet in 2018/2019, analysts are confident Nvida will announce its first annual growth in a year on Thursday. Despite the poor earnings run, however, the company’s stock price has almost […]

EURSEK is currently tackling the lower boundary of the Ichimoku cloud, which coincides with the support – from January 9. The pair’s negative sentiment seems to be aided by the nearing bearish crossover between the Tenkan sen and Kijun-sen lines and the negative signals in the technical indicators. The MACD, in the positive region, has […]

Germany will report its first estimate of fourth quarter GDP growth on Friday (0700 GMT) as concerns resurface about the health of Europe’s largest economy, with the coronavirus outbreak adding to German businesses’ woes. The sluggish performance of the Eurozone’s growth engine continues to weigh heavily on the single currency, which has plumbed to fresh […]

USDCNH is retreating below the five-month descending trend line after pulling back from the 7.0126 resistance level in the preceding week. Earlier today, the pair touched the 40-day simple moving average (SMA) and erased its intraday losses so far. Technical indicators are moving sideways with the RSI holding near the neutral threshold of 50 and […]

NZDUSD finally climbed above the short-term moving averages in the 4-hour chart but is still flirting with the 23.6% Fibonacci retracement level of the downward wave from 0.6754 to 0.6377 near 0.6466. The price after the plummet towards the new three-month trough of 0.6377 is getting ready to drive the market north until the one-and-half-month […]

EURJPY reversed from a fresh three-month low of 119.59 but remains capped by the 50-period simple moving average (SMA). The move is backed by the improving momentum indicators and the flattening in the 50-period SMA. The MACD in the negative region is increasing above its red trigger line, while the rising RSI has reached its neutral […]

EURJPY reversed from a fresh three-month low of 119.59 but remains capped by the 50-period simple moving average (SMA). The move is backed by the improving momentum indicators and the flattening in the 50-period SMA. The MACD in the negative region is increasing above its red trigger line, while the rising RSI has reached its neutral […]

US equities close at new highs as Powell confirms liquidity injections will continue Futures point to a higher open today as well, despite Bernie Sanders’ election victory Kiwi jumps as RBNZ abandons easing bias, signals an end to rate-cut cycle Wall Street sets more records, yen and gold retreat Financial markets continue to trade in […]

US equities close at new highs as Powell confirms liquidity injections will continue Futures point to a higher open today as well, despite Bernie Sanders’ election victory Kiwi jumps as RBNZ abandons easing bias, signals an end to rate-cut cycle Wall Street sets more records, yen and gold retreat Financial markets continue to trade in […]

We would like to inform you that due Washington’s Birthday, which takes place in February, the trading hours of various instruments will be affected on 17 February 2019. Please view the table below to see which instruments will be affected and how: Instrument 17/02 18/02 COFFE-MAY20 Closed Normal Hours CORN-MAR20 Closed Normal Hours COTTO-MAY20 Closed […]

We would like to inform you that due Washington’s Birthday, which takes place in February, the trading hours of various instruments will be affected on 17 February 2019. Please view the table below to see which instruments will be affected and how: Instrument 17/02 18/02 COFFE-MAY20 Closed Normal Hours CORN-MAR20 Closed Normal Hours COTTO-MAY20 Closed […]

We would like to inform you that due Washington’s Birthday, which takes place in February, the trading hours of various instruments will be affected on 17 February 2019. Please view the table below to see which instruments will be affected and how: Instrument 17/02 18/02 COFFE-MAY20 Closed Normal Hours CORN-MAR20 Closed Normal Hours COTTO-MAY20 Closed […]

We would like to inform you that due Washington’s Birthday, which takes place in February, the trading hours of various instruments will be affected on 17 February 2019. Please view the table below to see which instruments will be affected and how: Instrument 17/02 18/02 COFFE-MAY20 Closed Normal Hours CORN-MAR20 Closed Normal Hours COTTO-MAY20 Closed […]

Alibaba stock price found some footing around the 50-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the up leg from 151.70 to 231.00 at 212.38 and is trying to return to a bullish trend after the rebound on the 38.2% Fibo of 201.00. Regarding the technical indicators, the RSI indicator is […]

Alibaba stock price found some footing around the 50-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the up leg from 151.70 to 231.00 at 212.38 and is trying to return to a bullish trend after the rebound on the 38.2% Fibo of 201.00. Regarding the technical indicators, the RSI indicator is […]

AUDUSD earlier this week escaped from a more-than-a-decade low of 0.6661 to bounce back into the 0.6700 territory. While the RSI and the MACD on the four-hour chart have entered bullish territory, both indicators have yet to show strong momentum above their neutral levels, bolstering the case of a neutral to-positive session in the short-term.  Besides, for […]