GBPUSD is trading around the upward sloping 200-period simple moving average (SMA) after the bounce off the 1.2818 support, which is the 23.6% Fibonacci retracement of the up leg from 1.2194 to 1.3011. The pair still looks undecided, having held in a sideways market from 1.3011 to 1.2768 for around a month. The short-term oscillators […]

GBPUSD is trading around the upward sloping 200-period simple moving average (SMA) after the bounce off the 1.2818 support, which is the 23.6% Fibonacci retracement of the up leg from 1.2194 to 1.3011. The pair still looks undecided, having held in a sideways market from 1.3011 to 1.2768 for around a month. The short-term oscillators […]

Traders will be bombarded with an avalanche of US economic data on Wednesday before it all goes quiet on Thursday for Thanksgiving Day. Hitting the markets first at 13:30 GMT are durable goods orders and the second estimate of Q3 GDP growth, with personal income and spending numbers following soon after at 15:00 GMT, along […]

Traders will be bombarded with an avalanche of US economic data on Wednesday before it all goes quiet on Thursday for Thanksgiving Day. Hitting the markets first at 13:30 GMT are durable goods orders and the second estimate of Q3 GDP growth, with personal income and spending numbers following soon after at 15:00 GMT, along […]

Markets stay in ‘risk-on’ mode amid positive trade headlines, but risks mounting? Pound pares gains as polls show Labour closing the gap on Tories Light calendar today: tier-two US data and central bank speakers US stocks ride the trade hype train, cruise to new highs The bullish sentiment that enveloped financial markets on Monday persevered, […]

WTI oil futures have eased slightly off the 58.56 resistance, which is the 61.8% Fibonacci retracement of the down leg from 63.22 to 50.98, following the recent price appreciation from the bounce off the 200-period simple moving average (SMA). The short-term oscillators reflect a stall in the positive momentum. The MACD, in the positive zone […]

EURSEK buyers are attempting to retake control after sellers reversed the price off the capping 40-day simple moving average (SMA) and below the 100- and 200-day SMAs. The short-term oscillators concur with the short-term downtrend – both trading in bearish territory – but reflect conflicting signals in momentum. The MACD has slipped back below its […]

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 […]

On 16th November, XM organized its annual grand gala in the Malaysian capital in celebration of seven consecutive years of successful business presence in Malaysia. Commemorating a 7-year anniversary with our esteemed clients by our side in the harmonious surroundings of Shangri-La Kuala Lumpur was at the heart of the event. The festive gala was […]

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 […]

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 […]

Japan’s 225 stock index failed to cross below the 200-period simple moving average (SMA) on Thursday on the four-hour chart and instead rallied back into the 23,000 area and closer to the upper surface of the Ichimoku cloud. The RSI and the MACD also improved but have yet to expand comfortably in the bullish area, suggesting a […]

New Zealand will publish quarterly retail sales figures on Tuesday (Monday, 21:45 GMT). Following the Reserve Bank of New Zealand’s surprise decision to keep monetary policy unchanged at its last meeting, the data will be watched for clues as to whether additional rate cuts are likely in the near term. While the unexpected policy move […]

Gold sellers are attempting to steer past the recent swing low of 1456 to put the asset back on a negative track. Despite the rebound off 1446 – which is the 38.2% Fibonacci retracement of the up leg from 1266.20 to 1556.92 – and the consolidation in price, the 200- and 100-day simple moving averages […]

Greenback soars after latest PMIs reaffirm US economic outperformance Risk appetite recovers as China reportedly prepares to crack down on IP issues Pound slips on soft PMIs, but recovers as polls show Tories extending lead Dollar rips higher after promising PMIs, capitalizes on euro softness The world’s reserve currency outperformed on Friday, after the preliminary […]

EURUSD reversed sharply lower last week after failing to close decisively above the broken neckline of the double top formation and the 50% Fibonacci of the downleg from 1.1174 to 1.0988, confirming a trend reversal in the four-hour chart. The trend indicators are also discouraging. The 20-period simple moving average could not rise above the 200-period SMA, and […]

EURUSD reversed sharply lower last week after failing to close decisively above the broken neckline of the double top formation and the 50% Fibonacci of the downleg from 1.1174 to 1.0988, confirming a trend reversal in the four-hour chart. The trend indicators are also discouraging. The 20-period simple moving average could not rise above the 200-period SMA, and […]

Netflix stock is overtaking the 308.30 swing high level, which is a pullback level where sellers previously took full control. The push up backs the rebound off the nine-month low of 252.13, reaffirming the bullish bias. Further supporting this view is the upwards slopes in the 20- and 40-day simple moving averages (SMAs) and the […]

The coming week looks set to be unusually busy despite the US having a shorter week due to the Thanksgiving holiday. Nevertheless, the flurry of data may fail to generate much excitement. This could leave investors yet again exposed to the constantly changing sentiment on the trade outlook, especially if President Trump makes any references […]

WTI oil futures for January delivery closed above the 200-period moving average (SMA) on the four-hour chart on Wednesday and spiked to a one-month high of 58.64, confirming a new higher low at 54.84. The price is currently consolidating around 58.60, this being the 61.8% Fibonacci of the 63.22-50.98 downleg, which is expected to challenge the bulls […]

In 2017, XM embarked on a large-scale charity mission with the noble purpose of donating funds and helping the local community in the Wakiso district of Uganda through humanitarian work. In a joint effort to alleviate the underprivileged state of the local children and support their families, XM has cooperated with Father Antonios Mutyaba, the […]

USDCAD is attempting to pierce below the 200-day simple moving average (SMA) after its latest recovery from the 1.3041 level, which extended the price past all SMAs but fell short of the resistance structure. The pair seems to be imprisoned within the 1.3382 and 1.3015 structure lasting nearly five-months, something also backed by the converging […]