USDCAD seems to be on track to reach a significant support structure, despite its overall neutral picture reflected in the flat 200- and 100-day simple moving averages (SMAs), which are not giving any obvious direction. The short-term oscillators reflect the stall in negative directional momentum. The MACD in the negative region has flattened below its […]

USDCAD seems to be on track to reach a significant support structure, despite its overall neutral picture reflected in the flat 200- and 100-day simple moving averages (SMAs), which are not giving any obvious direction. The short-term oscillators reflect the stall in negative directional momentum. The MACD in the negative region has flattened below its […]

We are sending our clients our warmest greetings for the upcoming winter holidays, and as the year 2019 is soon coming to an end, we would also like to wish you a Happy New Year in 2020 with health, fulfilment and success. Kindly view the trading and customer support hours during the winter holidays in […]

Pound headed for large weekly loss as UK government pushes for speedy Brexit Hard Brexit fears support safe havens even as US and China move closer to signing trade deal US consumption and inflation data eyed before holiday lull Brexit moves closer to reality, unnerves markets UK Prime Minister Boris Johnson used his post-election Queen’s […]

EURJPY managed to run above the 200-day simple moving average (SMA) for the first time in more than a year and formed another higher high at 122.63 last Friday. The market, however,  soon reached overbought conditions as reflected by the RSI, which is moving towards its 50 neutral mark after hitting the 70 level. The price […]

Copper futures are attempting to restart the climb with the latest push off the 2.7957 level, which is the 61.8% Fibonacci retracement of the down leg from 2.9915 to 2.4785. While the Kijun-sen line displays a short period of consolidation, the Tenkan-sen line is reflecting a pick up in positive momentum, something also suggested in […]

EU Stocks 50 Cash Index (EU50) hit a fresh 4½-year high of 3777.61 earlier this week, extending the recovery from last December’s 2-year trough of 2907.25. However, the positive momentum has since started to ease and technical indicators support the retreat in price action. The stochastics have fallen off overbought levels and the RSI is […]

Silver is attempting to move below the 16.95 level, which is the 50.0% Fibonacci retracement of the up leg from 14.28 to 19.63 and where the 20-day simple moving average (SMA) presently lies. Even though negative momentum has weakened, the bearish demeanor of the commodity appears to be assisted by the bearish crossovers and the […]

EURNOK dived to a 2 ½-month low of 9.95 on Thursday and towards the 38.2% Fibonacci of the upleg from 9.41 to 10.31. More downside could prevail in the short-term as the RSI and the MACD continue to move south in the bearish area but the price needs to close decisively below the 38.2% Fibonacci of 9.96 […]

Personal income and spending numbers will come under investors’ radar on Friday (17:00 GMT) and could upset the recent run of positive data out of the United States amid some concerns that income and consumption growth is moderating. The personal income and outlays report, which also contains the Fed’s favourite inflation gauge, will be one […]

Palladium futures has been in the green every single day since mid-November, extending the row of record highs to 1,972 on Tuesday before retracing marginally lower. The short-term risk is tilted to the downside as the RSI has reached its previous peaks in the overbought area and is now following a downward direction, while the […]

USDJPY seems to be bound between the 109.72 and 108.42 level, which happens to be the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The pair seems to have hit a wall at the 109.72 barrier, after the price pushed off the lower boundary of 108.42 and was further boosted by the […]

With hundreds of cities visited across Southeast Asia alone, there are no geographical boundaries to XM bringing forex education closer to online investors. 2020 will again be a year dedicated to our tireless efforts to provide beginner and advanced traders alike with the knowledge necessary to not only improve but also continuously develop their investing […]

Dollar unfazed from US House vote to impeach Trump, edges up on higher Treasury yields Aussie and kiwi bounce higher on better-than-expected domestic data; loonie also firmer Pound steadier ahead of Bank of England decision   President Trump is impeached; markets don’t care President Trump became the third president in the history of the United […]

GBPJPY breached the tentative long-term descending trendline drawn from the 2018 peak of 156.59 and geared up to a nine-month high of 147.94 on Friday before pulling back to the 143.00 region. The trendline is currently acting as support as the price is pushing efforts to rebound and the RSI and the MACD are flagging […]

The British pound has erased all its gains from Boris Johnson’s decisive parliamentary majority last week as Brexit fears resurfaced. The focus is now turning to the Bank of England’s (BoE) policy meeting on Thursday at 12:00 GMT as markets are eagerly waiting to hear how the central bank is planning to deal with the […]

Google stock has eased slightly off the fresh all-time-high of 1,363.80 as positive momentum stalled, something also reflected in the short-term oscillators, with the RSI deflecting off the 70 level and the MACD flattening out. However, positive signals remain intact, with the MACD still above its red trigger line, deep in the positive region and […]

Gold prices have been trending lower in recent months, posting lower highs and lower lows below a downtrend line drawn from the highs of September. The outlook therefore looks cautiously negative, with a clear break below the 1445 zone needed to refuel the bears. Short-term oscillators paint a flat picture, suggesting that the latest consolidation […]

Thursday will be a busy day in the world of monetary policy as the Bank of Japan and Bank of England will be just some of the central banks who will be announcing their latest policy decisions. However, it will be Sweden’s central bank – the Riksbank – that could attract the most attention. Markets […]

AUDUSD failed to close above the 200-day simple moving average (SMA) and reversed lower, currently resting near the flat 50-day SMA within the Ichimoku cloud. It appears that as momentum has diminished, something also displayed by the horizontal Ichimoku lines and 50- and 100-day SMAs, a period of consolidation may be on the cards. The […]

Stock market rally loses steam as investors await further details on ‘phase one’ deal Pound continues to slip on revived no-deal Brexit fears Dollar supported by upbeat US data Aussie, kiwi and loonie on the backfoot; domestic data in focus Stocks pause for breath on lack of fresh headlines The global rally in equities appeared […]

NZDUSD flipped back into the 0.6500 region after failing to hold above the 0.6600 bar. The price is currently testing the 0.6565 level, which is the 61.8% Fibonacci of the downleg from 0.6789 to 0.6202, with the RSI and the MACD suggesting that some weakness may persist as the indicators seem to be losing momentum in the […]

USDNOK seems to be eyeing lower levels, even though its attempts to push down are being restricted by the 8.9850 level, which is the 38.2% Fibonacci retracement of the up leg from 8.4664 to 9.3036 coupled with the low from September 24. The short-term oscillators, however, suggest some easing in negative momentum. The MACD has […]

It’s a busy week in Canada, where CPI inflation data will hit the markets on Wednesday, ahead of retail sales on Friday. The loonie soared lately, as the de-escalation in trade tensions and the gains in oil prices painted a sunnier picture for the export-heavy Canadian economy, prompting investors to price out expectations of Bank […]

Employment numbers out of Australia will come under the spotlight on Thursday at 02:30 GMT as questions marks remain about the robustness of the Australian economy. Recent indicators out of the country have been on the soft side, keeping rate cut expectations well and truly alive. Nevertheless, the Australian dollar has been able to post […]