EURGBP remained below the 0.9100 level despite bouncing on the critical 3-month old ascending trend-line last week. With the RSI losing steam slightly under its 50 neutral mark and the MACD weakening below its red signal line, the short-term session is expected to appear neutral-to-bearish. The upward-sloping trend-line could play a key role for the […]

EURGBP remained below the 0.9100 level despite bouncing on the critical 3-month old ascending trend-line last week. With the RSI losing steam slightly under its 50 neutral mark and the MACD weakening below its red signal line, the short-term session is expected to appear neutral-to-bearish. The upward-sloping trend-line could play a key role for the […]

US30 stock index adopted a sideways behavior after falling from the 27,403 all-time-high to a two-month low of 25,077. It is noteworthy to point out that despite the breaches from the price, the 200-, 100- and 50-period simple moving averages (SMAs) still maintain the bearish picture. In momentum indicators, both the RSI and the MACD are in bearish […]

Matteo Salvini, the right-wing League Deputy Prime Minister fired up a political crisis in Italy after pulling support for the coalition government earlier this month, forcing the Prime Minister, Giuseppe Conte, to resign and the marriage with the leftist Five Star Movement (M5S) to break down. Starting consultation with the main political parties, President Sergio Matarella […]

Matteo Salvini, the right-wing League Deputy Prime Minister fired up a political crisis in Italy after pulling support for the coalition government earlier this month, forcing the Prime Minister, Giuseppe Conte, to resign and the marriage with the leftist Five Star Movement (M5S) to break down. Starting consultation with the main political parties, President Sergio Matarella […]

EURCAD corrected northwards from a twenty-two-month low of 1.4573 but failed to close above the 100-day simple moving average (SMA). Sellers aggressively came on board, pulled the price down and slightly sideways to trade between the 50- and 100-day SMAs. The pair is now located in the Ichimoku cloud, and directional momentum seems to have […]

EURCAD corrected northwards from a twenty-two-month low of 1.4573 but failed to close above the 100-day simple moving average (SMA). Sellers aggressively came on board, pulled the price down and slightly sideways to trade between the 50- and 100-day SMAs. The pair is now located in the Ichimoku cloud, and directional momentum seems to have […]

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 aversion back in play as US escalates trade war once more    But ‘risk off’ moves reverse on Monday after Trump calms spirits, for now US durable goods orders today eyed for signs of investment slowdown Yen soars, stocks crumble as trade war intensifies to a new level Trade fears continue to wreak havoc […]

EURUSD appreciated, taking back more than half of two weeks of losses. The bulls are eyeing the downtrend line, but it seems that the move up has hit a ceiling as the upside momentum has evaporated, something also indicated by the RSI as it has flattened at the 50-level. The 200- and 100-day simple moving […]

Gold staged a quick rebound on Friday after failing to breach the 1,493 support area, while on Monday the yellow metal opened with a positive gap to hit a new 6 ½-year high of 1,555. The red Tenkan-sen and the blue Kijun-sen completed a neutral phase and returned to the upside, capturing bullish pressures in […]

As many as four more XM seminars took place in Malaysia with huge success between 3rd and 17th August as a continuation of an extensive forex educational program started a few months ago across Southeast Asia. In an attempt to respond the rapidly growing interest of numerous individual forex investors in joining the free forex […]

Neither the minutes of the meetings of the Fed and the ECB, nor statistics on European business activity were able to clarify the fate of the EUR/USD pair. Yes, there is a split inside the FOMC and yes, the eurozone composite PMI in August exceeded the forecasts of Bloomberg experts. However, the index of purchasing […]

Dollar pairs froze in anticipation of today’s speech by Fed Chairman Jerome Powell, who will take part in the economic symposium in Jackson Hole. In anticipation of this event, the dollar index is actively growing, reflecting the demand for the US currency throughout the market. Despite these trends, it is risky to deal with the […]

Perhaps, one of the main financial events of the year will take place today: Fed Chairman Jerome Powell will speak at a conference in Jackson Hole. His speech can give the market an understanding of the direction of the monetary policy of the American Central Bank, not only in September but also in the following […]

To open long positions on GBP/USD, you need: About half of yesterday’s pound growth has already remained. The optimism of reaching an agreement on the Northern Ireland border somehow quickly goes away, and there is no support from major players yet. The bulls have already missed the level of 1.1214, which was transformed already in […]

To open long positions on EURUSD, you need: It is expected that the fourth test of the support level of 1.1066 led to a breakdown of the range and a further decline in the EUR/USD pair. At the moment, the whole focus will be shifted to the speech of Fed Chairman Jerome Powell, who can […]

NZDCHF bulls denied further downside momentum on August 13 pushing the price back up to 0.6313, which is the 23.6% Fibonacci retracement level of the down wave from 0.6670 to 0.6200, and into a short-term trading range. The 20- and 40-period simple moving averages (SMAs) give no clear direction on the four-hour chart, whilst the […]

There isn’t much on the calendar next week other than economic data, so it may be a relatively calm period as a turbulent summer draws to a close. The G7 summit in France could grab some headlines, but markets usually ignore such events. Instead, the focus may fall mainly on any trade news, as the […]

Stock markets around the world have rebounded this week as talk of stimulus in China and Germany has given rise to hopes that pre-emptive action by policymakers can avert a global economic downturn triggered by President Trump’s protectionist policies. But with a US-China trade deal fast slipping away, do governments and central banks have enough […]

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. 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: 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 […]

GBPJPY turned higher at a thirty-three-month low of 126.53 on August 12, of a three-month descending channel plotting higher highs and lows. Currently at the 130.00 level, the bears are trying for a push lower as reflected by the momentum indicators. The RSI has deflected off the overbought level and is headed south, whilst the […]

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 […]