NZDUSD fell aggressively and logged 180 pips early on August 7. But the latest trickle downwards lasted for nineteen days before the correction by buyers. They pushed the price up and into a sideways structure, slightly below 0.6473, which is the 23.6% Fibo retracement level of the down leg, from a three-and-a-half-month high of 0.6789 […]

GBPAUD attempted forcefully to exit the descending channel and breach at once the 1.8200 level and the lower bound of the Ichimoku cloud but its efforts proved fruitless, with the price slipping back to the 1.78 hurdle on Thursday. The RSI has pierced its 50-neutral mark to the downside, endorsing the current negative momentum in the […]

The trade war between Washington and Beijing has flared up, and looks likely to intensify even further, as Trump may use the conflict to score political points ahead of the 2020 US election. In the markets, while stocks may feel some pain, stimulus by the major central banks will likely offset part of those losses. […]

EURGBP flied even higher this week to top its 2-month old rally at 0.9248, the highest mark reached in almost two years. The spotlight is now on the 0.9300 round-level, where any violation may drive the price towards the 0.9400 mark. However, with the RSI losing steam below its 70 overbought mark, the bullish pressures may rather […]

Employment numbers out of Canada will be in focus on Friday at 12:30 GMT. As most other central banks rush to join the global rate cut frenzy, the jobs data will be watched closely for clues on whether the Bank of Canada is any closer to adopting an easing bias. However, despite the Bank of […]

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 […]

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 […]

Positive trade data out of China lifts sentiment but stocks recover only modestly Aussie and kiwi bounce off lows, US dollar struggles for direction Markets spooked by global slump in government bond yields; gold jumps China posts surprise increase in exports China reported unexpectedly strong export numbers on Thursday, adding some cheer to a gloomy […]

USDJPY put brakes on the sell-off near  the key 105.50 area twice this week and turned to consolidation. Trend signals remain bearish as the market action continues to take place well below simple moving averages (SMA) and the Ichimoku cloud, whilst the momentum indicators suggest that the next move in the price could be bearish-to-neutral. The […]

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Silver was unable to push below the 100-day simple moving average (SMA) at the beginning of the month. Silver found support from the Ichimoku cloud and the 100-day SMA was tested multiple times. After a short-term sideways move, the metal finally broke out of the cloud upwards and rallied past the previous thirteen-month high of […]

Silver was unable to push below the 100-day simple moving average (SMA) at the beginning of the month. Silver found support from the Ichimoku cloud and the 100-day SMA was tested multiple times. After a short-term sideways move, the metal finally broke out of the cloud upwards and rallied past the previous thirteen-month high of […]

Demand for Bitcoin accelerated this week, with the price running as high as 12,257 on Wednesday before pulling back to the 11,400 support area. The market could retest its latest peaks as the recent rebound in the RSI and the positive slope in the Stochastics in the four-hour chart back a bullish scenario for the […]

Demand for Bitcoin accelerated this week, with the price running as high as 12,257 on Wednesday before pulling back to the 11,400 support area. The market could retest its latest peaks as the recent rebound in the RSI and the positive slope in the Stochastics in the four-hour chart back a bullish scenario for the […]

The first estimate of UK GDP for Q2 is due at 08:30 GMT on Friday, with forecasts pointing to a stagnation in growth. If confirmed, that could raise the pressure on the BoE to abandon its tightening plans soon. As for the pound, the outlook remains negative as long as PM Johnson plays ‘chicken’ with […]

The US dollar index produced a new twenty-six-month high of 98.67. Sellers took control and logged a correction from the high on August 1 toppling the price to the 97.00 hurdle. The level is the 50.0% Fibo retracement of the up move from 95.34 to 98.67, coupled with the 100-day simple moving average (SMA). The […]

China played its exchange rate weapon this week to prove that it has the means to fight a tougher trade war with the US, but the Chinese government, like its major counterparts, also needs a solid economic floor to survive a bigger turmoil. Hence, trade and inflation data out of the country early on Thursday and Friday could be […]

Japan will publish GDP figures for the second quarter on Friday (Thursday, 23:50 GMT), and is expected to join its peers in reporting slower growth for the period. As the Bank of Japan ponders whether to ramp up an already mammoth asset purchase program, will the GDP data nudge policymakers closer to pulling the trigger […]

EURJPY fell aggressively, after breaking below the 50-day simple moving average (SMA) and the 120.77 then support, further past the 120.04 inside swing low to a 2-year low of 117.66 in the last week. The move filled the gap from back in April of 2017. After a pullback, the price lost its steam and now […]

EURJPY fell aggressively, after breaking below the 50-day simple moving average (SMA) and the 120.77 then support, further past the 120.04 inside swing low to a 2-year low of 117.66 in the last week. The move filled the gap from back in April of 2017. After a pullback, the price lost its steam and now […]

New Zealand dollar nosedives after RBNZ cuts rates by bigger-than-expected 50 basis points Yen and Swiss franc turn back up after yuan slips again Stocks end losing streak after Kudlow keeps alive hopes of more trade talks Kiwi slumps to 10-year low on shock RBNZ move The Reserve Bank of New Zealand surprised markets on […]

We are pleased to invite our existing and new clients to a free seminar organised in two different cities in Morocco this September to give hands-on experience to online investors in some of the most relevant aspects of currency trading. Coming up in Casablanca on 21st and in Agadir on 28th September, the forex educational […]