With the Fed having cut rates again, the focus now turns to the US employment data that are due on Friday at 12:30 GMT. The ISM manufacturing PMI for October will follow at 14:00 GMT. Given some one-off factors, the risks surrounding the dollar from the jobs data seem tilted to the upside, as any […]

Japan’s 225 stock index seems to be showing signs of a bearish divergence in the four-hour chart as the stock price has been making higher highs while the RSI and the MACD have been printing lower lows since the mid- October, hinting that the market may be preparing for a trend reversal. A confirmation could come around […]

Japan’s 225 stock index seems to be showing signs of a bearish divergence in the four-hour chart as the stock price has been making higher highs while the RSI and the MACD have been printing lower lows since the mid- October, hinting that the market may be preparing for a trend reversal. A confirmation could come around […]

AUDUSD sellers have reemerged around 0.6930, reversing the pair back down off the downtrend line pulled from December 4. It follows a month-long climb from October 2, took the price above the 40- and 100-day simple moving averages (SMAs). Despite the momentum indicators remaining in positive territories and the bullish cross of the 40-day SMA […]

AUDUSD sellers have reemerged around 0.6930, reversing the pair back down off the downtrend line pulled from December 4. It follows a month-long climb from October 2, took the price above the 40- and 100-day simple moving averages (SMAs). Despite the momentum indicators remaining in positive territories and the bullish cross of the 40-day SMA […]

The US 500 stock index (cash) has finally breached its previous all-time high of 3,027 that kept bullish pressure under control over the past 3 months, stretching its December uptrend towards a new top of 3,056. Although the RSI is slowing down, it remains well above its 50 neutral mark, and with the MACD strengthening its positive […]

The US 500 stock index (cash) has finally breached its previous all-time high of 3,027 that kept bullish pressure under control over the past 3 months, stretching its December uptrend towards a new top of 3,056. Although the RSI is slowing down, it remains well above its 50 neutral mark, and with the MACD strengthening its positive […]

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 […]

EURGBP’s directional momentum has evaporated after buyers brought the one week sell off to a halt at 0.8575 on October 17, shifting the pair into a sideways market that has lasted for two weeks. Despite this, the downward slopes in the 100- and 200-period simple moving averages (SMAs) support the existing negative sentiment as sellers […]

Dollar ends lower, stocks soar as Fed can’t convince markets it will hit ‘pause’ Loonie hammered as BoC drops neutral stance, hints at ‘insurance cut’ BoJ strengthens easing bias, but yen yawns Eurozone, US, and Canadian data coming up today Fed cuts rates and signals a pause, but markets don’t buy it The Fed cut […]

USDJPY spiked above the 200-day simple moving average (SMA) and the 109.00 level on Wednesday but failed to close above it, with the price resuming its previous sideways move. Technically, traders could remain indecisive in the short-term as the RSI is converging towards its 50 neutral mark, the MACD is flattening around its signal line, and the […]

USDJPY spiked above the 200-day simple moving average (SMA) and the 109.00 level on Wednesday but failed to close above it, with the price resuming its previous sideways move. Technically, traders could remain indecisive in the short-term as the RSI is converging towards its 50 neutral mark, the MACD is flattening around its signal line, and the […]

Register for upcoming forex webinars: https://pepperstone.com/au/webinars Traders are busy people, so the FX Evolution team have found three time frames to help you trade around your schedule. See technical analysis applied in various time frames to enhance your trading strategy. You’ll learn: 1. The indicators and tools that can be used quickly and effectively 2. […]

Register for upcoming forex webinars: https://pepperstone.com/au/webinars Traders are busy people, so the FX Evolution team have found three time frames to help you trade around your schedule. See technical analysis applied in various time frames to enhance your trading strategy. You’ll learn: 1. The indicators and tools that can be used quickly and effectively 2. […]

Just before the second round of quantitative easing (QE) starts on November 1, the Eurozone’s preliminary GDP growth figures for the third quarter and October’s initial inflation estimates will likely show on Thursday at 09:30 GMT that monetary stimulus is much needed as the data are forecast to come in softer. Despite the ECB lowering its deposit rate to -0.5% in […]

Apple stock’s recent climb from 192.45, which commenced on August 5, pushed the stock to a new all-time high of 249.38, where the bears emerged to cap further gains. Sellers’ efforts to return the price back down may be in vain though, as the positive picture looks to endure. This is backed by the upward […]

NZDUSD has stabilized above its 50-day moving average (MA) and above the 23.2% Fibonacci retracement of the downleg from 0.6789 to 0.6203 at 0.6341 after pulling back from six-week highs. However, despite settling above this key overlap region, the oscillators point to only weak upside momentum in the near term. The RSI has flatlined just […]

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 […]

The Bank of Japan will announce its latest policy decision on Thursday, just hours after the US Federal Reserve is expected to cut interest rates for the third time this year. But as pressure grows on the BoJ to join other central banks in increasing its monetary stimulus, doubts are growing about whether or not […]

Facebook Inc. is in a tough battle with regulatory authorities and central banks around the world like no other company as its large size and its recent malpractices in data protection stand as a barrier in developing new products. Despite that, the social giant which releases financial results for the third quarter after the market close on Wednesday is expected to prove its resilience once […]

Facebook Inc. is in a tough battle with regulatory authorities and central banks around the world like no other company as its large size and its recent malpractices in data protection stand as a barrier in developing new products. Despite that, the social giant which releases financial results for the third quarter after the market close on Wednesday is expected to prove its resilience once […]

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 […]