The world’s leading entertainment conglomerate will release its latest earnings report on Tuesday, after Wall Street’s closing bell. Beyond any surprises in the numbers, market focus will fall mainly on the expectations by Disney’s management about the firm’s soon-to-be-launched streaming service. Overall, the company’s future remains bright – something also reflected by the 29% gain […]

The world’s leading entertainment conglomerate will release its latest earnings report on Tuesday, after Wall Street’s closing bell. Beyond any surprises in the numbers, market focus will fall mainly on the expectations by Disney’s management about the firm’s soon-to-be-launched streaming service. Overall, the company’s future remains bright – something also reflected by the 29% gain […]

EURSEK rallied after breaking above the 200-day simple moving average (SMA) and the 23.6% Fibo retracement level of the down move from 10.8475 to 10.4845. The price of the pair continued its move breaching the 10.6230 and 10.6360 levels, which are the 38.2% Fibo and resistance from July 9, and completed a triple bottom reversal […]

The Reserve Bank of New Zealand was the first of the major central banks to embark on an easing cycle when it lowered rates in May. It’s been on hold since then but that could be about to change next Wednesday (0200 GMT) as the RBZN is expected to deliver a second rate cut. Ahead […]

The Reserve Bank of New Zealand was the first of the major central banks to embark on an easing cycle when it lowered rates in May. It’s been on hold since then but that could be about to change next Wednesday (0200 GMT) as the RBZN is expected to deliver a second rate cut. Ahead […]

The Reserve Bank of Australia is due to announce its next policy decision on Tuesday at 0430 GMT and is widely expected to keep interest rates unchanged, pausing after two consecutive cuts. However, with the Australian dollar coming under heavy selling pressure over the past week, its clear investors are anticipating more reductions in the […]

The Reserve Bank of Australia is due to announce its next policy decision on Tuesday at 0430 GMT and is widely expected to keep interest rates unchanged, pausing after two consecutive cuts. However, with the Australian dollar coming under heavy selling pressure over the past week, its clear investors are anticipating more reductions in the […]

USDJPY came under severe selling pressure on Thursday, with the price quickly exiting the 109 area and sliding below the 107 level early on Friday. The momentum indicators are facing downside pressure as well, framing a bearish bias for the short-term trading. Yet with the RSI and the Stochastics moving closer to the oversold territory, […]

GBPJPY had sellers take the reins, after indecisive candles from the previous week, forming a 3 black crows’ pattern and eating up the 133.85 swing low and the twenty-five-month low of 132.48. Buyers then came on board, but failed to close above the 132.48 low, now turned to resistance. Moreover, the sellers hit back harder […]

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. Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning. […]

Equities plunge, yen skyrockets as trade war fears heighten Nonfarm payrolls may present a one-sided risk for the dollar today Chance of UK General Election rises as Johnson’s working majority slips Risk aversion takes over markets as Trump threatens new tariffs American equities erased some early gains to close about 1% lower yesterday, after the […]

Equities plunge, yen skyrockets as trade war fears heighten Nonfarm payrolls may present a one-sided risk for the dollar today Chance of UK General Election rises as Johnson’s working majority slips Risk aversion takes over markets as Trump threatens new tariffs American equities erased some early gains to close about 1% lower yesterday, after the […]

Two further forex educational events were recently hosted by XM in the Philippines, where retail traders had the opportunity to acquire practical knowledge about online investing techniques and cultivate their trading skills. The cities that our staff members visited were Manila on 13th July, followed by Cagayan de Oro on 27th, in each of which […]

Two further forex educational events were recently hosted by XM in the Philippines, where retail traders had the opportunity to acquire practical knowledge about online investing techniques and cultivate their trading skills. The cities that our staff members visited were Manila on 13th July, followed by Cagayan de Oro on 27th, in each of which […]

USDCAD has been building an upward trajectory over the past three weeks and is currently searching for a daily close above the 50-day simple moving average (SMA). The short-term bias is viewed positive at the moment as the RSI is gaining momentum above its 50 neutral mark and the MACD is strengthening above its red […]

Last night, energy expert Steve Craig wrote “oil should trend on down… the next big downside hurdle is 54.85.” Right on cue, crude plunged 8% today, its biggest drop in four years. Volatility spiked again, with VIX jumping 20% at one point. And 10-year yields hit a three-year low. Need guidance? https://bit.ly/2MOGwzV Learn How the […]

Some of the biggest players on Wall Street include institutional investors like pension funds and mutual funds. There’s another group of “big players” that is taking its stock market investments into the stratosphere. This ties in with what the July Elliott Wave Theorist has to say … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube […]

In a relatively busy week for the US calendar, the popular Nonfarm payrolls report will steal the show on Friday at 1230 GMT, two days after the FOMC policy meeting. It’s expected to indicate that the labour market is still a bright spot in the US economy and hence supportive of consumption. The data, however, are likely to leave the window […]

In a relatively busy week for the US calendar, the popular Nonfarm payrolls report will steal the show on Friday at 1230 GMT, two days after the FOMC policy meeting. It’s expected to indicate that the labour market is still a bright spot in the US economy and hence supportive of consumption. The data, however, are likely to leave the window […]

Palladium futures’ struggle with the 23.6% Fibo of 1517 finally came to an end, after a two-week period. The metal collapsed through the 1467 support level, which is the 38.2% Fibo retracement level of the move up from 1255 to 1598, and the 1454 near support, to break into the Ichimoku cloud. Presently the metal […]

Palladium futures’ struggle with the 23.6% Fibo of 1517 finally came to an end, after a two-week period. The metal collapsed through the 1467 support level, which is the 38.2% Fibo retracement level of the move up from 1255 to 1598, and the 1454 near support, to break into the Ichimoku cloud. Presently the metal […]

The GER30 index put breaks on Wednesday’s sell-off and geared up to move-off one-month lows but the 20-period simple moving average (SMA) in the four-hour chart did not let the recovery to continue. In the short-term the bulls could revisit the 20-period SMA if the RSI and the MACD keep improving. Any significant step higher […]

USDSEK rallied to a new 17-year high of 9.6980, starting from a low of 9.2985 on July 18. But sellers would not have it, and drew the price back below 9.6858, which was the previous 17-year high back in May. Despite bullish signals from the 50-, 100-day simple moving averages (SMAs), as they are heading […]

Yesterday, the Federal Reserve delivered its interest rates decision. While Powell lowered interest rates as he had predicted, investors believe that he did not do well enough. His statement that the rate cut was just a “mid-cycle adjustment to policy” disappointed investors who expected the bank to start a more aggressive cycle of easing. Therefore, […]