Markets await Powell’s Jackson Hole speech amid signs of resistance to further rate cuts US dollar holds firm as Treasury yields extend rebound; gold drifts lower Pound swings higher after Merkel and Macron boost Johnson’s chances of backstop changes All eyes on Jackson Hole Traders’ focus will centre on Fed Chairman Jerome Powell today when […]

USDCAD was unable to break the 1.3340 resistance for the third consecutive week but it managed to hold in an upward move and above an ascending trendline. Technically, the pair could maintain its neutral mood in the short-term as the RSI fluctuates sideways in the bullish area and the MACD stabilizes around its red signal line. The […]

The Fibonacci sequence governs wave formations in the stock market. See a chart of a global market where the Golden Ratio is clearly evident … 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 –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn How the Wave Principle Can […]

Every Elliott wave has a “personality,” or specific characteristics. Get important insights into the current wave so you can prepare for what our analysts anticipate next in the stock market. 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 –Twitter: http://bit.ly/EWI-Twitter –LinkedIn: http://bit.ly/EWI-LinkedIn –Website: http://bit.ly/ElliottWaveInternational Learn […]

Japans’ 225 stock index experienced a one-week rally from a low of 20,097 past the 50-period simple moving average (SMA), to then hit a wall at the 100-period SMA. The 50- and 100-period SMAs have begun to converge and momentum has started to evaporate. The indicators, although in positive territory, reflect a decreasing positive directional […]

NZDJPY came shy of filling the gap of 73.45 – 73.60 and then dropped to a low of 67.54, before moving into a short-term trading range on the four-hour chart. The bulls have found the 50-period simple moving average (SMA) to be a worthy adversary, denying them a move above. The momentum indicators although in […]

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 […]

AUDNZD is ready to complete its third week of gains, having strongly rebounded from an eight-month low of 1.0261 early this month and breached its simple moving averages (SMA). Encouragingly, the pair also managed to close on top of the Ichimoku cloud on Wednesday, while in momentum indicators, the rising MACD and RSI are embracing a positive […]

NZDUSD continued the trickle downwards to retest the forty-two month low of 0.6376, after failing to overcome the past inside swing resistance of 0.6487 from June 14. The bulls came on board and pushed the pair back above the 0.6376 level, something also reflected in the RSI, which shows negative momentum decreasing. Despite the RSI’s […]

The euro area is on the brink of yet another crisis, with Germany likely to enter a technical recession soon, as the export-heavy economy feels the burn of the US-China trade war and of Brexit worries. Although the ECB is preparing another dose of easing, monetary policy is already exhausted, and fiscal policy needs to […]

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 […]

US dollar edges up after FOMC minutes shows Fed is split over rate cuts Yuan slips to 11-year low as growth worries resurface ECB minutes and Eurozone PMIs next in focus; euro subdued Fed minutes cast doubt on aggressive easing The minutes of the Federal Reserve’s July policy meeting released yesterday have laid bare the […]

During August, parallel with multiple forex trading seminars held in various countries, XM hosted two further events in Thailand, both of which offered free attendance to online investors looking for reliable forex educational resources and professional guidance. Our most recent seminars on 10th and 17th August took place in two major cities of Thailand’s largest […]

USDJPY has been in a quiet and narrow trade this week, moving sideways within the 106.00 area but below its downward-sloping simple moving averages (SMA) and the Ichimoku cloud – a negative trend signal. In momentum indicators, the red Tenkan-sen continues to flatten below the blue Kijun-sen, while the RSI has also somewhat stabilized after […]

The question in the title is an important one for a lot of forex traders today who are watching AUD/USD. Besides, any major move in this pair will have implications for other U.S. dollar pairs, too. You can get answers now in this new 2-min. video by our Currency Pro Service editor. Watch as he […]

Today’s market is waiting for more information from FED on the FOMC meeting minutes. That is main reason why the Gold is trading sideways at the price of $1,503. Further development Analyzing the current trading activity, we can see that Gold did breakout the downward channel in the background and that there is potential for […]

Today’s market is waiting for more information from FED on the FOMC meeting minutes. That is main reason why the EUR is trading sideways at the price of 1.1100 (round number). Further development Analyzing the current trading activity, we see that EUR is trading in the 3-day trading range and near the important resistance at […]

Canadian consumer prices rose 0.5% in July following a 0.2% decline in the previous month. The year-on-year increase held at 2.0% compared with consensus forecasts of a decline to 1.7%. The core CPI rate also held at 2.0% and the Bank of Canada core rate was unchanged at 2.03%. The Canadian dollar strengthened in light […]

To open long positions on GBP/USD, you need: A weak report on the UK public sector borrowing put pressure on the British pound in the morning, however, buyers are trying to keep the pair around the level of 1.2135, and nd returning to this range to the opening of the North American session will lead […]

To open long positions on GBP/USD, you need: A weak report on the UK public sector borrowing put pressure on the British pound in the morning, however, buyers are trying to keep the pair around the level of 1.2135, and nd returning to this range to the opening of the North American session will lead […]

To open long positions on EURUSD, you need: In the first half of the day, due to the lack of important fundamental statistics, the market remained in a narrow side channel, and the technical picture has not changed. Only the exit and consolidation above the resistance of 1.1105 will strengthen the demand for the euro […]

To open long positions on EURUSD, you need: In the first half of the day, due to the lack of important fundamental statistics, the market remained in a narrow side channel, and the technical picture has not changed. Only the exit and consolidation above the resistance of 1.1105 will strengthen the demand for the euro […]

GBPNOK’s bulls aggressively came on board, after the price fell to a new multi month low of 10.54 on July 30. They pushed the price above previous lows and into the Ichimoku cloud, before losing steam just below the 100-day simple moving average (SMA). The momentum indicators although in the positive territory, still concur with […]

AUDUSD  continues to trade softly within a sideways channel for the third consecutive week with an upper boundary at 0.6820 and a lower boundary at 0.6745. The MACD in the four-hour chart has gained some strength above its red signal line, endorsing the current upside movement in the price, though the indicator is still close […]