The UK 100 stock index is pushing efforts to return above the ascending trendline drawn from the 6,535 bottom after the 50% Fibonacci of the 6,535-7,728 bullish wave provided significant support last week. Failure to close decisively above that line could bring the 50% Fibonacci of 7,133 back under the spotlight. If the bears clear that […]
The UK 100 stock index is pushing efforts to return above the ascending trendline drawn from the 6,535 bottom after the 50% Fibonacci of the 6,535-7,728 bullish wave provided significant support last week. Failure to close decisively above that line could bring the 50% Fibonacci of 7,133 back under the spotlight. If the bears clear that […]
Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
NZDUSD has pulled lower from the fresh four-month high of 0.6602 following a bounce off the 50-period simple moving average (SMA), which revived the bigger positive picture. Further backing the ascent are the upward sloping SMAs and the supportive trendline. The short-term oscillators, although reflect a pause in positive momentum, continue to support the upside […]
NZDUSD has pulled lower from the fresh four-month high of 0.6602 following a bounce off the 50-period simple moving average (SMA), which revived the bigger positive picture. Further backing the ascent are the upward sloping SMAs and the supportive trendline. The short-term oscillators, although reflect a pause in positive momentum, continue to support the upside […]
UK election firmly in the spotlight as voting begins – results early on Friday ECB meets today, though any major market reaction is unlikely Fed signals no rate cuts in 2020, but Powell still talks the dollar down Brits elect their new government – lopsided risks for pound? The day of political reckoning has finally […]
USDJPY could not reach the 110.00 level last week as the resistance trendline drawn from the October’s peaks blocked the bulls once again and pressed the price back down to the 50% Fibonacci of 108.40 of the upleg from 112.39 to 104.44. Technically, the pair may lack momentum in the short-term as long as the RSI and […]
USDJPY could not reach the 110.00 level last week as the resistance trendline drawn from the October’s peaks blocked the bulls once again and pressed the price back down to the 50% Fibonacci of 108.40 of the upleg from 112.39 to 104.44. Technically, the pair may lack momentum in the short-term as long as the RSI and […]
The publication of the US labor market report for November was a real disaster for gold. An increase in employment by 266 thousand, a fall in unemployment to 3.5%, the lowest mark for half a century, and an acceleration of average wages to 3.1% YOY led to an increase in the S&P 500 of more […]
The publication of the US labor market report for November was a real disaster for gold. An increase in employment by 266 thousand, a fall in unemployment to 3.5%, the lowest mark for half a century, and an acceleration of average wages to 3.1% YOY led to an increase in the S&P 500 of more […]
USDCHF looks to have bottomed the pullback off the 1.0022 high near the familiar 50% Fibonacci retracement of the 0.9658-1.0026 bullish wave as the RSI and the Stochastics are turning up after hitting oversold levels. Additional gains could potentially retest the 40-period exponential moving average (EMA) that curbed upside movements last week. Breaking higher and above the […]
USDCHF looks to have bottomed the pullback off the 1.0022 high near the familiar 50% Fibonacci retracement of the 0.9658-1.0026 bullish wave as the RSI and the Stochastics are turning up after hitting oversold levels. Additional gains could potentially retest the 40-period exponential moving average (EMA) that curbed upside movements last week. Breaking higher and above the […]
USDSEK may continue to lose ground after diving below the neckline of the head and shoulders pattern and the fresh 9.4640 swing low. Further boosting the negative picture is the bearish crossover of the 100-day simple moving average (SMA) by the downward sloping 50-day one. The short-term oscillators are also reflecting increasing negative momentum. The […]
USDSEK may continue to lose ground after diving below the neckline of the head and shoulders pattern and the fresh 9.4640 swing low. Further boosting the negative picture is the bearish crossover of the 100-day simple moving average (SMA) by the downward sloping 50-day one. The short-term oscillators are also reflecting increasing negative momentum. The […]
The Swiss National Bank (SNB) will announce its quarterly decision at 08:30 GMT on Thursday. No action is expected, though markets do assign an almost 20% chance for a rate cut. That said, since the SNB already boasts the lowest interest rates globally, it doesn’t have many ‘rate bullets’ left, so it may prefer to […]
The Swiss National Bank (SNB) will announce its quarterly decision at 08:30 GMT on Thursday. No action is expected, though markets do assign an almost 20% chance for a rate cut. That said, since the SNB already boasts the lowest interest rates globally, it doesn’t have many ‘rate bullets’ left, so it may prefer to […]
Britons go to the polls on Thursday for a parliamentary general election that is likely to determine the outcome of Brexit. The election – the first to be held in December since 1923 – comes just two and a half years after Theresa May’s attempt to capitalize on her huge lead in the polls spectacularly […]
Britons go to the polls on Thursday for a parliamentary general election that is likely to determine the outcome of Brexit. The election – the first to be held in December since 1923 – comes just two and a half years after Theresa May’s attempt to capitalize on her huge lead in the polls spectacularly […]
We would like to inform you that the UK General Election, which takes place on 12th December 2019, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally. In light of this event, and in order to protect our clients and our […]
We would like to inform you that the UK General Election, which takes place on 12th December 2019, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally. In light of this event, and in order to protect our clients and our […]
EURJPY is trading around the 120.42 level, which is the 23.6% Fibonacci retracement of the up leg from 117.06 to 121.46 and where the 200-period simple moving average (SMA) is presently located. Although the price is above all the SMAs, it is displaying an uncertain picture, with the stall in the market also reflected in […]
EURJPY is trading around the 120.42 level, which is the 23.6% Fibonacci retracement of the up leg from 117.06 to 121.46 and where the 200-period simple moving average (SMA) is presently located. Although the price is above all the SMAs, it is displaying an uncertain picture, with the stall in the market also reflected in […]
Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the […]
Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the […]
