Japan’s 225 stock index has been unable to clear the heavy resistance around the 50% Fibonacci extension of the long donwleg from 24,472 to 19,239, with the price falling forcefully below its simple moving averages (SMA) and the Ichimoku cloud over the past week. The RSI and the Stochastics suggest that negative momentum could stall in the short-term as both […]

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 […]

Overview: The weekly pivot point is set at the point of 0.9818 on the H4 chart since last week. The USD/CHF pair broke support which turned to strong resistance at the level of 0.9818. The level of 0.9818 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major 0.9818 today. […]

4-hour timeframe Technical data: The upper linear regression channel: direction – sideways. The lower linear regression channel: direction – down. The moving average (20; smoothed) – sideways. CCI: 23.8672 On Friday, August 2, the main attention of traders was focused on macroeconomic statistics from the States. In general, this news package did not disappoint, which […]

The widely publicized negotiating strategy of the American president clearly does not work in politics when it is opposed by an independent and economically strong power. It seems that Donald Trump’s previously applied business strategy of pressure on the enemy, followed by a slight recoil and as a result, achieving his goals only works for […]

USDCNH skyrocketed above the symbolic 7.00 level on Monday and to all time-highs after breaking the crucial 6.960-6.980 ceiling that kept bulls under control more than three years now. Technically, some weakness could be reasonably awaited in the short-term as both the RSI and the Stochastics are currently flashing overbought. Still, with the MACD increasing positive momentum […]

USDCNH skyrocketed above the symbolic 7.00 level on Monday and to all time-highs after breaking the crucial 6.960-6.980 ceiling that kept bulls under control more than three years now. Technically, some weakness could be reasonably awaited in the short-term as both the RSI and the Stochastics are currently flashing overbought. Still, with the MACD increasing positive momentum […]

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 […]

Safe havens such as the yen and gold surge as heated trade tensions extend broad sell-off in risk assets Yuan breaks past 7 per dollar level as PBOC gives green light to a weaker currency US dollar mixed as Fed rate cut expectations rise again Market rout deepens, yen rallies    The fallout from the […]

Safe havens such as the yen and gold surge as heated trade tensions extend broad sell-off in risk assets Yuan breaks past 7 per dollar level as PBOC gives green light to a weaker currency US dollar mixed as Fed rate cut expectations rise again Market rout deepens, yen rallies    The fallout from the […]

Gold tested the 1400 hurdle for the third time over the last three weeks, and then rallied past the previous highs of 1437.58 and 1439.04 from July 3 and June 25. The metal then took a breather, and today moved above its six-year high of 1452.87, to produce a current new high of 1459.06. Although […]

Gold tested the 1400 hurdle for the third time over the last three weeks, and then rallied past the previous highs of 1437.58 and 1439.04 from July 3 and June 25. The metal then took a breather, and today moved above its six-year high of 1452.87, to produce a current new high of 1459.06. Although […]

On 17th July this year, XM organized a corporate social responsibility event in Indonesia by joining forces with the local YKAKI charity organization and contributed with a considerable donation to alleviate the desperate situation of children suffering from cancer. Our dedicated staff members, who take an active part in the charity mission of XM and […]

On 17th July this year, XM organized a corporate social responsibility event in Indonesia by joining forces with the local YKAKI charity organization and contributed with a considerable donation to alleviate the desperate situation of children suffering from cancer. Our dedicated staff members, who take an active part in the charity mission of XM and […]

EURUSD switched to recovery mode after the free-fall towards a more-than-two-year low of 1.1026 last week. But the bearish forces have not faded yet as the RSI continues to move below 50 and the MACD under its red signal line despite showing some improvement. A closing price above 1.1180 and the 20-day simple moving average (SMA) (middle […]

For all your market news, views and key trading set-ups, Chris Weston takes you through all the action and upcoming event risk to help you capitalise, and assess the risks to your exposures. For daily views and commentary straight to your inbox, sign up (for free) to Chris’s Daily Fix – https://cloud.go.pepperstone.com/join-daily-fix?_ga=2.35478502.679769720.1562538238-655932486.1557873476 For more information […]

For all your market news, views and key trading set-ups, Chris Weston takes you through all the action and upcoming event risk to help you capitalise, and assess the risks to your exposures. For daily views and commentary straight to your inbox, sign up (for free) to Chris’s Daily Fix – https://cloud.go.pepperstone.com/join-daily-fix?_ga=2.35478502.679769720.1562538238-655932486.1557873476 For more information […]

Markets are already jumping and the historically most-volatile months of the year are directly ahead. Don’t be left behind! Find out what’s next in our hot-off-the-press August Global Market Perspective. https://bit.ly/2YHN3NTLearn How the Wave Principle Can Improve Your Trading

EURNOK climbed fiercely this week taking back the rest of the losses which occurred from the move south that started the fall from the high of 9.8733 on May 10 to the low of 9.5810, including the high of 9.8733. The 20-day and the 40-day simple moving averages (SMAs) are turning and could cross above […]

EURNOK climbed fiercely this week taking back the rest of the losses which occurred from the move south that started the fall from the high of 9.8733 on May 10 to the low of 9.5810, including the high of 9.8733. The 20-day and the 40-day simple moving averages (SMAs) are turning and could cross above […]

Bitcoin propelled out of the Ichimoku cloud and above the 100 exponential moving average (EMA) in the four-hour chart, which proved hard to breach early in July. According to the RSI, the market seems to have reached overbought conditions and is likely to experience some weakness in the short-term as the indicator moves softly around […]

Bitcoin propelled out of the Ichimoku cloud and above the 100 exponential moving average (EMA) in the four-hour chart, which proved hard to breach early in July. According to the RSI, the market seems to have reached overbought conditions and is likely to experience some weakness in the short-term as the indicator moves softly around […]

It will be the turn of the Reserve Bank of Australia and the Reserve Bank of New Zealand to next announce their latest policy decisions following a busy week for central banks. New Zealand will also see the release of the quarterly employment report and jobs figures are due out of Canada too. The highlight […]

It will be the turn of the Reserve Bank of Australia and the Reserve Bank of New Zealand to next announce their latest policy decisions following a busy week for central banks. New Zealand will also see the release of the quarterly employment report and jobs figures are due out of Canada too. The highlight […]