GBPNOK moves sideways as downside pressure from sellers denies gains above the recent peak of 11.34. The consolidation in price has found support at the uptrend line drawn from the twenty-one-month low of 10.54. The short-term oscillators reflect a stall in momentum but lean more to the positive picture. The MACD looks to move back […]

USDZAR remains in a broader uptrend, with the price action on the daily chart still characterized by a series of higher peaks and higher troughs. The upward sloping 50-day simple moving average (SMA) reinforces this notion. That said, a clear break above 15.50 is needed to signal that this uptrend is back in play. Short-term […]

USDZAR remains in a broader uptrend, with the price action on the daily chart still characterized by a series of higher peaks and higher troughs. The upward sloping 50-day simple moving average (SMA) reinforces this notion. That said, a clear break above 15.50 is needed to signal that this uptrend is back in play. Short-term […]

AUDJPY’s drop seems to have lost steam near the lower boundary of the Ichimoku cloud. Sellers re-took control around 74.05, which is the 38.2% Fibonacci retracement of the down leg from 80.70 to 69.94. The price was also capped underneath the 100-day simple moving average (SMA), which is in line with the negative outlook. Momentum […]

NZDJPY is showing no appetite for a meaningful upside correction in the daily chart as the pair approaches the 6-year trough of 66.29 and the RSI and the MACD continue to trend in the bearish area. It is also worth noting that the price has breached an important resistance-turned-support area around the 50% Fibonacci of the […]

US 500 stock index registered three negative weeks in a row and the short-term trading may not get any better yet as the technical indicators keep flashing bearish signals; the MACD has dropped into the negative area and is currently looking stable below its red trigger line, while the RSI seems ready to reverse lower […]

EURUSD buyers pushed above 1.0965, which is the 23.6% Fibonacci retracement of the down leg from 1.1249 to 1.0878, despite the negative signals. Regardless of the intact Tenkan-sens’s bearish crossover of its Kijun-sen line and their flattened states, the bulls rallied higher and reversed the pair off a multi-year low of 1.0878. The short-term oscillators […]

US-China trade talks dominate markets’ attention as hopes are low for a deal Yen edges up as trade and political uncertainties build up and growth outlook worsens Pound inches lower as Johnson given one week to revise proposed Brexit plan Trade talks in focus but optimism runs low The safe-haven yen and gold pushed higher […]

For the second time this year, XM attended an international trade fair in the French capital dedicated to online investing. The 14th edition of the Paris-based trade fair Salon du Trading was held on 13 September, and as a must-attend annual event for investment firms and individual retail traders it attracted numerous exhibitors and guests. […]

Gold is sending neutral signals in the daily chart as reflected by the sideways move in the RSI and the MACD. The weakening 20-day simple moving average (SMA), which is ready to cross below the 50-day SMA, and the recent breakout of the ascending channel are also discouraging signs, indicating that the yellow metal may likely […]

Gold is sending neutral signals in the daily chart as reflected by the sideways move in the RSI and the MACD. The weakening 20-day simple moving average (SMA), which is ready to cross below the 50-day SMA, and the recent breakout of the ascending channel are also discouraging signs, indicating that the yellow metal may likely […]

Copper futures sellers are flirting with the 2.5280 support from August 5, looking for a push lower to the recent twenty-eight-month low of 2.4785, after returning the price back below the Ichimoku cloud. The short-term oscillators suggest negative momentum is strengthening. The MACD has declined into the negative region and beneath its red trigger line, […]

The US dollar index futures are set to close negative in the week after failing to retest the 28-month high of 99.30, with the RSI and the MACD foreseeing now a positive but softer short-term trading. On the downside, the ascending trend-line drawn from the 95.34 trough, currently seen around 98.20, could be an ideal […]

Without a doubt, the main event next week will be the US-China trade talks, which commence on Thursday. Several key economic data are also on the menu, but those will only be a sideshow. Rather, what will make or break market sentiment is whether the two superpowers reach an ‘interim’ trade deal that deescalates tensions […]

USDCHF managed to pierce the 1.0000 mark after four months before pulling back into the 0.9900 region, questioning the sustainability of the downtrend from the 1.0234 peak. The sideways move in the RSI and the MACD’s location reflect a neutral-to-positive bias for short-term trading. Should the bulls finish comfortably above the 1.0000 barrier, traders could […]

On Thursday, the pair moved on a side channel having tested the pullback level of 50.0% – 1,0996 (blue dashed line) and 21 average EMA – 1.0971 (black thin line). Breaking up this cloud, consisting of two levels, will be difficult for the bulls, although the bulls will try to do it again. On Friday, […]

Crypto Industry News: Mark Branson, head of the Swiss financial regulator FINMA, said he was more worried about the dark corners of cryptocurrency than Facebook’s stablecoin Libra. Reuters reported that Bronson is more distrustful of cryptographic projects that are developing outside official control than the Libra project, which he believes is “transparent.” “I’m more worried […]

Crypto Industry News: Patrick Harker, president of the Federal Reserve Bank of Philadelphia, said central bank digital currencies are inevitable. The financier, however, believes that the United States should not lead the way, given the role of the dollar as a global reserve currency: “It’s inevitable … I think it’s better for us to start […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

GBPJPY seems to have hit a wall at the 200-period simple moving average (SMA) on the four-hour chart and the 131.60 durable support from July 30. The price decline from the high of 135.73 halted on October 2, with the pair shifting sideways along 131.80, which is the 23.6% Fibonacci retracement of the down leg […]

Yen climbs, dollar drops as dismal ISM non-manufacturing survey stokes recession worries US nonfarm payrolls may also disappoint today; Fed chief Powell speaks too Market havoc continues as weak ISM PMI keeps investors wary The US services sector is starting to catch the cold that’s been tormenting the manufacturing sector in recent months, according to […]

Yen climbs, dollar drops as dismal ISM non-manufacturing survey stokes recession worries US nonfarm payrolls may also disappoint today; Fed chief Powell speaks too Market havoc continues as weak ISM PMI keeps investors wary The US services sector is starting to catch the cold that’s been tormenting the manufacturing sector in recent months, according to […]