Sterling drifted lower after two out of nine MPC members voted for an immediate rate cut on Thursday at the Bank of England’s policy meeting, increasing speculation that the British central bank could finally join the dovish camp. Following Monday’s disappointing GDP report, inflation, employment and retail sales data are expected to shed more light about […]

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 […]

Gold rebounds off the support structure of 1459 – 1453 with buyers trying to push higher. The yellow metal deflected off the resistance structure of 1514 – 1520 last week and dropped underneath all simple moving averages (SMAs) and slightly below the 1459 trough of October 1. Furthermore, the downward slopes in the SMAs lean […]

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 aversion strikes back as trade doubts resurface and Hong Kong protests intensify Dollar advances without new catalysts, loonie stumbles on weak data UK GDP numbers due, but sterling keeps its sights on election polls Hong Kong jitters send global equities back down, lift yen US stock markets levitated to new records on Friday, undeterred […]

EURUSD generated extra losses after breaking the neckline of the double top formation with a ceiling at 1.1174 in the four-hour chart – a signal that a trend reversal may be in progress. The price has breached the 200-period simple moving average (SMA) too on the way down and is currently consolidating around the 50% […]

The CNN Fear & Greed index is a popular tool among traders. It shows you whether most market participants are bullish or bearish, which you can use as a contrarian indicator. But watch as our U.S. Stocks Intraday Pro Service editor shows you why extreme sentiment alone is not a very precise tool. Learn How […]

Silver looks to be shifting to a bearish bias as it moves below the swing low of 16.85 from August 19. The commodity’s bearish state seems to be backed by the downward slopes in the Ichimoku lines and the 20- and 40-day simple moving averages (SMAs), with the 40-day SMA nearing a bearish cross of […]

Silver looks to be shifting to a bearish bias as it moves below the swing low of 16.85 from August 19. The commodity’s bearish state seems to be backed by the downward slopes in the Ichimoku lines and the 20- and 40-day simple moving averages (SMAs), with the 40-day SMA nearing a bearish cross of […]

The RBNZ will be the lone major central bank to decide on rates next week, but that doesn’t mean the schedule is light, as there’s an abundance of key economic data ripe for release. German growth figures will reveal if the euro area’s traditional star player entered a technical recession, while in America, a testimony […]

The coming week will be a data-heavy one for the United Kingdom and kicking things off on Monday will be third quarter GDP numbers along with the monthly breakdown of economic output, as well as trade figures for September. The data, due at 0930 GMT, are expected to point to a stagnant economy as Brexit […]

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 […]

USDCAD has been restricted by the 100-day simple moving average (SMA) in recent sessions, after buyers aggressively reversed the pair back above the uptrend line, reestablishing a neutral-to-bullish picture. Despite the bearish demeanor of the 20- and 50-day SMAs, the 200- and 100-day SMAs as well as the Tenkan-sen and Kijun-sen lines reflect a stall […]

Markets remain optimistic of a US-China deal but US officials cast doubt over tariff rollback Dollar set for weekly gains as yen on the pull back Pound skids after Bank of England signals possible rate cut Confused messages on tariff concession Risk appetite cooled off slightly on Friday as confusing signals by US officials on […]

AUDJPY stretched to a fresh 3 ½-month high of 75.65 and near the 200-day simple moving average (SMA) on Thursday but it found hard to close comfortably above the 50% Fibonacci of the downleg from 80.70 to 69.94. The price is currently trading slightly lower and even though the RSI and the MACD are fluctuating […]

Silver was down more than 3% for the second time this week and bonds were down three full points intraday. Find out what’s next for rates, metals and stocks when we publish a new Elliott Wave Financial Forecast tomorrow. https://bit.ly/2NlQQOj Learn How the Wave Principle Can Improve Your Trading

In 2007, EWI’s global analysts saw telltale signs of an impending global “financial flameout” months before the start of the Great Recession. In 2019, one of those signs is showing up again. This chart is telling … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: –Facebook: http://bit.ly/EWI-Facebook […]

EURNOK’s aggressive push lower has ceased around the support region of 10.0619 to 10.0550 – the former being the 50.0% Fibonacci retracement of the up leg from 9.8146 to 10.3110 and the later, the 2018 high of 10.0550 – after tumbling from the all-time high of 10.3110. The technical indicators suggest that the negative momentum […]

GBPAUD strengthened negative momentum on Thursday to stop at the bottom of the descending channel, where the 200-period simple moving average (SMA) in the four-hour chart and the 50% Fibonacci of the upleg from 1.8074 to 1.9092 happen to be at the moment. The RSI is a shy above its 30 oversold mark and therefore […]

GBPAUD strengthened negative momentum on Thursday to stop at the bottom of the descending channel, where the 200-period simple moving average (SMA) in the four-hour chart and the 50% Fibonacci of the upleg from 1.8074 to 1.9092 happen to be at the moment. The RSI is a shy above its 30 oversold mark and therefore […]

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 […]

It is with great pride to announce that in 2019 XM was acknowledged with the prestigious Cyprus Bronze Award for Best CSR Initiative with Employee Involvement for its large-scale corporate social responsibility initiative Mission Uganda: Creating equal opportunities. Doing good to and creating value for individuals and local communities has been at the heart of […]

China is scheduled to report its trade statistics early on Friday at a time when Washington and Beijing are seeking to sign the so-called phase one deal possibly early next month. The results, however, followed by a not-so encouraging US trade report are expected to show that there is no winner or loser in this […]