EURZAR recovered its recent downfall and rallied to an eleven-month high of 17.313. It’s worth mentioning that in the short-term, a bullish cross of the 20-day simple moving average (SMA) with the 50-day SMA could reinforce the up move. The price is above the Ichimoku cloud and the RSI is increasing in the overbought region, suggesting […]

NZDJPY is struggling to recover from its recent plunge to a 6½-year low of 67.56 as the pair once again finds itself testing the psychological 68 level, which could establish itself as a strong support zone. The momentum indicators are illustrating a weak rebound. The stochastics are heading up, but the %K line already appears […]

The US consumer price index, retail sales and industrial production are all scheduled for release this week but whatever the actual results are the markets will keep the odds for a September rate cut high as the US-Sino trade trouble looks irreversible in the year ahead. Instead, the question should be how aggressively the Fed […]

The world’s second-largest economy reports retail sales, industrial production, and fixed asset investment data early on Wednesday. Forecasts point to a slowdown in most figures, which if met, could signal that the trade war has truly started to inflict pain – despite substantial stimulus. Alongside the yuan, the China-sensitive aussie will also keep an eye […]

EURCHF bears continued registering lower lows over the last three-months, through levels not seen for around two-years. The move down fell 31 pips shy of the June 2017 low of 1.0831. The pair corrected slightly, and the bears are now having another go at a push lower. The ADX is showing a very strong downwards […]

EURUSD is under pressure again after finding support around 1.1196, which is the 23.6% Fibo retracement of the up leg from 1.1026 to 1.1249 and the 1.1180 level from June 18. After failed attempts to move above the downtrend line, the pair has traded between the 100- and 200-period simple moving averages (SMAs) for the past […]

EURUSD is under pressure again after finding support around 1.1196, which is the 23.6% Fibo retracement of the up leg from 1.1026 to 1.1249 and the 1.1180 level from June 18. After failed attempts to move above the downtrend line, the pair has traded between the 100- and 200-period simple moving averages (SMAs) for the past […]

Sterling resumes downtrend as UK economy shrinks, Brexit fears intensify Yen extends gains after Trump says he isn’t ready to make a deal Calendar practically empty today, in a thin liquidity environment Pound feels the burn as UK economy contracts The British pound remains the ‘sick man’ of the FX market, plummeting to a new […]

This autumn Salon du Trading international trade fair in Paris opens its doors once again to event exhibitors and visitors on 13th September. The annually organized full-day trade fair is to take place in the French capital for the 14th time now, providing a common ground for individual investors and financial services firms to meet […]

Gold bulls got trapped around the 6-year high of 1,500 and the 61.8% Fibonacci of the long downleg from 1,796 to 1,046 after gaining more than 3.5% last week. Technically, the market could soften in the short-term as the RSI and the Stochastics seem to be slowing down in the overbought territory. The flattening Tenkan-sen […]

US President Donald Trump made it very clear last week that he wants a lower US dollar. But he doesn’t need to intervene in the currency to drive it lower. On mere speculation alone, the US dollar fell to fresh year-to-date lows against the Japanese yen and the Swiss franc. Over the past two weeks, […]

US President Donald Trump made it very clear last week that he wants a lower US dollar. But he doesn’t need to intervene in the currency to drive it lower. On mere speculation alone, the US dollar fell to fresh year-to-date lows against the Japanese yen and the Swiss franc. Over the past two weeks, […]

US President Donald Trump made it very clear last week that he wants a lower US dollar. But he doesn’t need to intervene in the currency to drive it lower. On mere speculation alone, the US dollar fell to fresh year-to-date lows against the Japanese yen and the Swiss franc. Over the past two weeks, […]

CADCHF buyers halted the pair’s move down just before 0.7250, which is the 138.2% Fibo extension of the up leg from 0.7350 to 0.7610. The subsequent recovery moved the price above the 0.7350 resistance, where the market has now adopted a sideways approach in an area of around 20 pips. The momentum indicators show that […]

A raft of data is due out of the UK next week, but with key Brexit dates coming up in September and October, investors will likely ignore the usually closely watched indicators. Nevertheless, the releases may provide some near-term support for the battered pound, starting with jobs numbers on Tuesday, followed by inflation on Wednesday […]

A raft of data is due out of the UK next week, but with key Brexit dates coming up in September and October, investors will likely ignore the usually closely watched indicators. Nevertheless, the releases may provide some near-term support for the battered pound, starting with jobs numbers on Tuesday, followed by inflation on Wednesday […]

It may be a quiet week in financial markets, with no central bank meetings or any other major events on the agenda, as the summer lull finally kicks in. Economic data will therefore attract most of the attention, though any tweets on the trade war or Brexit news could always stir things up. British data […]

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The US500 stock index managed to restore more than half of the losses it recorded after reaching a new record high last week, and even though it failed to hold above the 50-period simple moving average (SMA), the bullish forces have not fully faded yet. The MACD continues to pick up strength in positive territory […]

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 takes a breather after falling from a swing high of 135.65 on July 25, moving sideways around a thirty-three-month low of 128.75. It’s noteworthy that while the latest move down printed a lower low, the RSI points to positive divergence with the price action, suggesting that a corrective upside wave may be next. The […]

Risk aversion spikes again on reports US won’t ease Huawei restrictions Safe havens remain supported, stocks falter Euro and pound unmoved by speculation of snap elections in Italy and the UK Bounce in risk appetite proves short lived as trade risks return Market sentiment turned sour again on Friday as trade tensions resurfaced after Bloomberg […]

USDCAD got rejected by the 200-day simple moving average (SMA) and the 1.3300 level after an attempt to cross above the area and the Ichimoku cloud. The pair immediately gave up most of its gains made this week on Thursday, with the technical indicators suggesting a bullish-to-neutral bias for the short-term. The RSI is slowing […]

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 […]

Many investors believe that a company’s stock price follows its “fundamentals.” However, that’s not always the case. The story of this international conglomerate tells the tale. Take a look at this chart … 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 […]