USDTRY soared in recent days and now looks to be headed for a test of the upper bound of the wide sideways range that has contained the price action since late May, between 5.93 and 5.45. The price structure in the medium-term timeframe currently paints a cautiously positive picture, with a clear above 5.93 needed […]

US 30 stock index’s appreciation appears to have paused after it withdrew from the recently logged all-time-high of 28,336. Although positive momentum seems to have weakened, the bigger positive picture continues to be assisted by the upward slopes in the simple moving averages (SMAs) and the bullish crossover of the 100-period SMA by the 50-period […]

The New Zealand dollar registered five green weeks in a row against its US counterpart, ahead of the GDP report for the third quarter that is expected to back the upward direction in the currency on Wednesday at 21:45 GMT. Trade relief to discourage additional monetary easing in near-term In November, the Reserve Bank of New Zealand surprised […]

GBPUSD’s positive momentum has eased somewhat, something also backed by the declining RSI, which has exited the overbought area resulting in a pullback off the recent nineteen-month high of 1.3514. However, the positive outlook remains intact assisted by the upward slopes in the mid-Bollinger band, 50- and 100-day simple moving averages (SMAs). The technical indicators […]

Pound tumbles as Johnson raises the stakes in getting Brexit done by December 2020 Stock markets continue to cheer US-China trade deal despite some doubts Aussie under pressure after RBA hints at February rate cut Sterling faces Brexit reality check The British pound is on the slide following reports that UK Prime Minister Boris Johnson […]

For the third time now, XM organized a charity event in Indonesia for the benefit of underprivileged children, with the aim to alleviate the harsh conditions they are exposed to. The event took place in Jakarta on 4th December 2019, in collaboration with one of the most dedicated charity foundations in Indonesia, Yayasan Sayap Ibu, […]

WTI oil futures for January delivery continued their upside trajectory on top of the 60 level and closed marginally above the 50% Fibonacci of the 76.87-42.53 bearish wave on Monday. The location of the RSI, which maintains a positive slope comfortably above its 50 neutral mark, keeps the short-term bias in bullish territory. However, with the indicator approaching […]

The Bank of Japan (BoJ) will announce its decision early on Thursday. Even though the economy is headed downhill, no action is expected by policymakers. Investors think that the US-China ceasefire, alongside the fiscal spending package PM Shinzo Abe recently unveiled, will be enough to stimulate growth – allowing the BoJ to save its limited […]

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US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equity rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a […]

EURUSD’s attempts to climb above the downtrend line – drawn from September 2018 – are finding significant downside pressure around 1.1145, which is the 50.0% Fibonacci retracement of the down leg from 1.1411 to 1.0878 and where the upper-Bollinger band and 200-day simple moving average (SMA) also reside. The pair seems to be struggling with […]

AUDJPY has been posting higher peaks and higher troughs in recent months, above an uptrend line drawn from the lows of August. The near-term outlook therefore seems positive now, though the inability of the bulls to post a closing candle above 75.60 is worrisome and suggests some cause for caution. A clear break above 75.60 […]

EURGBP stretched its sharp downfall of Friday to retest the base of its three-year old range, as it traded near the 0.8300 round level. Technically, the market is hovering in oversold waters according to the RSI which expands below its 30 level and therefore the odds for price reversal are rising. However, with the indicator holding a downward […]

This week, the currency of the Green Continent experienced moderate volatility. Aussi declined from time to time, but then continued to strengthen. Thus, many experts believe that there are excellent prospects for the “Australian” in 2020. Forecasts of leading analysts regarding the Australian currency are multidirectional. Sometimes they are very controversial: some experts await the […]

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The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days […]

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit […]

GBPJPY’s aggressive positive appetite looks to extend towards levels not seen in seven-months and possibly more than a year. Improving positive momentum is boosting the recent violent up move in addition to the upward slopes in the 20-, 50- and 100-day simple moving averages (SMAs), along with the bullish crossover of the 200-day SMA by […]

GBPJPY’s aggressive positive appetite looks to extend towards levels not seen in seven-months and possibly more than a year. Improving positive momentum is boosting the recent violent up move in addition to the upward slopes in the 20-, 50- and 100-day simple moving averages (SMAs), along with the bullish crossover of the 200-day SMA by […]

USDCAD stretched this week’s decline until the 61.8% Fibonacci of 1.3150 of the upleg from 1.3041 to 1.3326 despite the declining risk-off sentiment. With the RSI testing its 30 oversold mark, the odds for an upside correction in the short-term are rising. However, with the 20-period simple moving average (SMA) in the four-hour chart crossing […]

USDCAD stretched this week’s decline until the 61.8% Fibonacci of 1.3150 of the upleg from 1.3041 to 1.3326 despite the declining risk-off sentiment. With the RSI testing its 30 oversold mark, the odds for an upside correction in the short-term are rising. However, with the 20-period simple moving average (SMA) in the four-hour chart crossing […]

Flash PMI indicators for December will be watched out of the Eurozone on Monday (09:00 GMT) as they could provide more tepid signs of recovery in the euro area. As the year draws to a close, there’s hope the worst is over for the struggling Eurozone economy, though it may be too early to judge […]

Bitcoin has been trading upside in last few hours at the price of $7.167. Anyway, I see that there is potential for end of the intraday upward correction and possible more downside towards the levels at $7.094 and $7.048. Stochastic oscillator is showing overbought condition based on the 30M time-frame and fresh new bear cross, […]

The White House is set to announce whether it will postpone the next round of tariffs on China, with President Trump tweeting moments ago that a phase one deal is “very close”. Even if this deal isn’t reached by Sunday, when the new tariffs are set to kick in, Trump is still likely to postpone […]

The US 100 stock index looks to have stalled after logging a fresh all-time high of 8,452.95, something also backed by the flat Tenkan-sen and Kijun-sen lines. That said, the price is trading above the Ichimoku cloud and the supportive trendline suggesting that the positive outlook could endure. The short-term oscillators reflect the stall in […]