EURUSD found some difficulty in pushing below the 1.0990 support, returning the price back above the 1.1005 level, which is the 23.6% Fibonacci retracement of the down leg from 1.1411 to 1.0878. The picture seems negative overall, given the downward slopes in the 200-day simple moving average (SMA), as well as the 100-day one and […]

Markets in risk-on mood on better-than-expected Chinese manufacturing PMIs Still plenty of caution though, as US and China struggle to conclude ‘phase one’ deal Pound slips as Tories’ poll lead narrows further Oil bounces back after Iraq says deeper cuts to be discussed at OPEC+ meeting Sentiment lifted by rebound in Chinese factory activity December […]

Gold has been light in terms of volatility over the past two weeks, sliding sideways within a tentative downward sloping channel that remains intact since early September. The momentum indicators continue to suggest a neutral-to-bearish bias for the short-term as both the RSI and the MACD have yet to show a clear direction in the bearish area, […]

Joining forces with international charity foundations that serve children’s welfare plays a significant role in the humanitarian actions of XM. Shortly after our recent charity donation in the Malaysian capital, we organized a similar event in Manila this November by teaming up with the local non-profit Virlanie Foundation, which currently shelters and supports many hundreds […]

Palladium futures edged up on Friday to unlock a fresh record high of 1,815 but room for improvement seems to be narrowing as the price is approaching the 2-year old resistance line. Moreover, the RSI is not far below its 70 overbought mark and the Stochastics have already run above 80 and are looking to […]

Palladium futures edged up on Friday to unlock a fresh record high of 1,815 but room for improvement seems to be narrowing as the price is approaching the 2-year old resistance line. Moreover, the RSI is not far below its 70 overbought mark and the Stochastics have already run above 80 and are looking to […]

EURGBP reversed course in August after touching a decade-high of 0.9325, and has since been trending lower, with price action consisting of lower peaks and lower troughs in recent months. Yet, the bears seem to have lost their mojo near the 0.8500 handle, which also halted the move lower earlier this year. A clear move […]

EURGBP reversed course in August after touching a decade-high of 0.9325, and has since been trending lower, with price action consisting of lower peaks and lower troughs in recent months. Yet, the bears seem to have lost their mojo near the 0.8500 handle, which also halted the move lower earlier this year. A clear move […]

GBPJPY’s recent bounce off the 200-period simple moving average (SMA) pushed the price above the other SMAs but was halted at the 141.72 upper boundary of the range, where momentum seems to have faded again. The pair continues to be confined in a sideways move between 138.85 and 141.72, which commenced on October 17. The […]

GBPJPY’s recent bounce off the 200-period simple moving average (SMA) pushed the price above the other SMAs but was halted at the 141.72 upper boundary of the range, where momentum seems to have faded again. The pair continues to be confined in a sideways move between 138.85 and 141.72, which commenced on October 17. The […]

Central bank meetings and the US jobs report will kick off the final month of 2019 next week, energising the markets as many traders return from the Thanksgiving break in the United States. The nonfarm payrolls report will of course be the main highlight as a positive print there could further add to the improving […]

Central bank meetings and the US jobs report will kick off the final month of 2019 next week, energising the markets as many traders return from the Thanksgiving break in the United States. The nonfarm payrolls report will of course be the main highlight as a positive print there could further add to the improving […]

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 […]

Currencies trade in narrow ranges without news – pound retreats a little    Euro area inflation data today may disappoint, spelling more pain for euro Is OPEC ‘managing’ market expectations ahead of next week’s meeting? British pound the sole mover in quiet markets It was a very uneventful session across financial markets, with little to […]

Currencies trade in narrow ranges without news – pound retreats a little    Euro area inflation data today may disappoint, spelling more pain for euro Is OPEC ‘managing’ market expectations ahead of next week’s meeting? British pound the sole mover in quiet markets It was a very uneventful session across financial markets, with little to […]

USDCAD shifted south to re-challenge the 1.3300 level after the bottom of the Ichimoku cloud halted the selling pressure but the positive traction was not strong enough to send the price above that mark. In momentum indicators, the RSI and the MACD are currently painting a neutral picture for the short-term as long as the former moves […]

USDCAD shifted south to re-challenge the 1.3300 level after the bottom of the Ichimoku cloud halted the selling pressure but the positive traction was not strong enough to send the price above that mark. In momentum indicators, the RSI and the MACD are currently painting a neutral picture for the short-term as long as the former moves […]

Amazon stock is currently trying to overcome the cojoined 100- and 200-period simple moving averages (SMAs) residing around the 1815 level, which also happens to be the 38.2% Fibonacci retracement of the down leg from 2034 to 1680. The stock has been gradually ascending from the low of 1680 and its recent up move is […]

On December 12, Britons will head to the polls to elect their new government, in what promises to be one of the most crucial elections in recent history. The result could decide what form Brexit takes, whether there’s a second referendum, and how much fiscal stimulus will be injected into an economy paralyzed by uncertainty. […]

AUDJPY has been posting higher highs and higher lows above a medium-term uptrend line since late August, when the pair touched 69.95, its lowest level in a decade. The short-term outlook therefore seems to have turned positive, though a decisive break above 75.60 is needed to confirm that. Short-term oscillators paint an entirely flat picture, […]

USDJPY has settled at the 109.35 level, which is the 61.8% Fibonacci retracement of the down leg from 112.39 to 104.64. The positive picture is intact despite the stalling in the price, which is aided by the flattened Kijun-sen line and easing in the short-term oscillators. The MACD is above its red trigger line deep […]

Third-quarter GDP numbers out of Canada will hit the markets on Friday at 13:30 GMT. Forecasts point to a notable slowdown, but that would still be in line with the Bank of Canada’s (BoC’s) latest forecasts. As for the loonie, the risks continue to appear asymmetric. Market pricing for BoC rate cuts remains muted, even […]

Third-quarter GDP numbers out of Canada will hit the markets on Friday at 13:30 GMT. Forecasts point to a notable slowdown, but that would still be in line with the Bank of Canada’s (BoC’s) latest forecasts. As for the loonie, the risks continue to appear asymmetric. Market pricing for BoC rate cuts remains muted, even […]

Solid US data dispel economic slowdown concerns, send dollar & stocks up Yet, optimism takes a hit after Trump signs Hong Kong bill, enraging China Sterling lifted by Yougov model projecting a clear Conservative victory Dollar and stocks climb on strong data, but China worries curb optimism Worries that the American economy may be headed […]