Stocks tank as disappointing US PMI data fuel recession fears Pound remains under pressure as Johnson’s Brexit ‘ultimatum’ is leaked Mood turns sour as ISM manufacturing PMI drops further into contraction Global markets went into turmoil yesterday, with risk aversion dominating after the US ISM manufacturing PMI unexpectedly dropped to a decade low of 47.8 […]

GBP/JPY broke below key support at 132.10 as expected and should move closer to the ideal target at 130.78 before completing red wave ii and setting the stage for the next impulsive rally in red wave iii towards 139.15. Only a direct break above 133.43 will indicate that red wave ii could have completed earlier […]

AUDUSD slumped to a fresh 10 ½-year low of 0.6670 on Tuesday, signaling that the more-than-a-year bearish wave is here to stay, with the negative direction in the RSI and the MACD backing this view as well. The next support to downside movements could emerge within the 0.6565-0.6500 area, while lower the bears should break […]

EWI’s analysts regularly review over 100 stock market indicators to help them “assess the correct interpretation of the wave structure.” Get key insights into one of these time-tested indicators as you take a look at this revealing chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: […]

EWI’s analysts regularly review over 100 stock market indicators to help them “assess the correct interpretation of the wave structure.” Get key insights into one of these time-tested indicators as you take a look at this revealing chart … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the web: […]

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Prices of the world’s “other” two precious metals, platinum and palladium, have been going in the opposite directions since 2008: platinum — down; palladium — up. Will these trends ever reverse? Watch our Metals Pro Service editor give you answers based on Elliott wave patterns in both metals. Learn How the Wave Principle Can Improve […]

The advance-decline ratio is not the kind of stock market indicator you often hear about on 6 o’clock news. Yet, this may be precisely the reason to keep an eye on it. Watch our U.S. Stocks Intraday Pro Service editor show you how it performed in the past, and what it’s showing for stocks next. […]

Learn How the Wave Principle Can Improve Your Trading

Learn How the Wave Principle Can Improve Your Trading

Learn How the Wave Principle Can Improve Your Trading

Learn How the Wave Principle Can Improve Your Trading

The Reserve Bank of Australia (RBA) is setting interest rates on Tuesday at 04:30 GMT and markets expect another rate cut as key metrics continue to miss targets while external risks keep lingering in the background. Yet not all signs point to more easing as there is something Australia is not proud of and other counterparts do […]

Preliminary CPI numbers for September out of the euro area will attract attention on Tuesday at 09:00 GMT. Forecasts suggest that inflation rose at the same pace, but the bloc’s weak PMI surveys imply that if there is any surprise in these figures, it may be a negative one. The euro is already trading at […]

US30 stock index seems to be undecided as it is unable to break below the 26,833 level, which is the 23.6% Fibonacci retracement of the up leg from 25,279 to 27,312. The short-term oscillators reflect a stall in momentum but favor a push lower. The MACD is only just below its red trigger line in […]

Guided by the belief that education is key in forex, XM hosted two further seminars in Malaysia, namely in the cities of Kota Bharu on 21st and in Miri on 22nd September, offering online investors the chance to attend each event for free and learn useful details about forex trading techniques. We offered two different […]

Risk Warning: 68.15% 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: 68.15% 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 sellers are testing the 1488 level once again, which is the 23.6% Fibonacci retracement of the up leg from 1266.20 to 1556.92. The precious metal had deflected off the 1535 resistance, collapsing after a two-week consolidation period. The commodity faces a level which is part of a support region from 1488 – 1480, which […]

Markets stay in risk-off mode as US considers financial sanctions against China Kiwi drops to new 4-year low after weak business confidence numbers Pound drops on hints of BoE rate cut, but may get some relief from politics   Sentiment turns sour on fears trade war may spread into finance The main story on Friday […]

GBPUSD has paused its sell-off just above the 200-period simple moving average (SMA) and near three-week lows in the four-hour chart. But the falling Tenkan-sen suggests that the bearish action has more room to run. The RSI is backing this view as well, though it also signals that any downside may appear limited in the short-term as the indicator […]

The Australian dollar paired with the US currency behaves cautiously, trading within the 100-point range without leaving the 67th figure. High-profile political events in the US only indirectly affected the “Aussie” – the pair fell by 70 points against the background of the overall strengthening of the US dollar. But in general, the situation remained […]

The Australian dollar paired with the US currency behaves cautiously, trading within the 100-point range without leaving the 67th figure. High-profile political events in the US only indirectly affected the “Aussie” – the pair fell by 70 points against the background of the overall strengthening of the US dollar. But in general, the situation remained […]

In Early August, another consolidation-range was temporarily established between the price levels of (1.2100 – 1.2220) except on August 9 when temporary bearish decline below 1.2100 was executed towards 1.2025 (Previous Weekly-Bottom). Since then, the GBP/USD pair has been trending-up within the depicted bullish channel except on September 3 when a temporary bearish breakout was […]

In Early August, another consolidation-range was temporarily established between the price levels of (1.2100 – 1.2220) except on August 9 when temporary bearish decline below 1.2100 was executed towards 1.2025 (Previous Weekly-Bottom). Since then, the GBP/USD pair has been trending-up within the depicted bullish channel except on September 3 when a temporary bearish breakout was […]