The Bank of England (BOE) will conclude its two-day meeting today. The bank is expected to leave interest rates unchanged at the current level of 0.75%. Because the rate decision has already been priced by the market, investors will be watching closely at the statement of the bank. In the previous rates decision, the officials […]

The Federal Reserve concluded its two-day meeting yesterday. As was expected, the central bank lowered interest rates by 25 basis points to the range of between 2.0% and 2.25%. This was the first interest rate cut in more than a decade. Instead of lowering the US dollar and boosting stocks, the rate cut led to […]

The US dollar index produced a new ten-week high of 98.67. The buyers clearly overwhelmed the sellers from the last swing, pushing up from the 96.30 level after the price tested the middle Bollinger band multiple times in a sideways move during July. It is worth mentioning that once after the price bounced off the […]

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 […]

Fed cuts by 25bp, but appears hesitant to commit to more Dollar soars to two-year high versus euro, may have more room to gain for now BoE likely to adopt a more dovish tone at today’s meeting Stocks retreat after Fed, despite “constructive” trade talks Not-so-dovish Fed sends dollar soaring As expected, the Federal Reserve […]

The large-scale forex seminar tour of XM has been ongoing in Southeast Asia since the beginning of the year, reaching through to more and more traders who look for professional forex education to learn with. The two recent event venues were Bangkok on 13th July and the city of Chiang Mai on 27th, in each […]

The large-scale forex seminar tour of XM has been ongoing in Southeast Asia since the beginning of the year, reaching through to more and more traders who look for professional forex education to learn with. The two recent event venues were Bangkok on 13th July and the city of Chiang Mai on 27th, in each […]

The hawkish nature of the FOMC policy meeting late on Wednesday allowed USDJPY bulls to retake control and pick up steam above the 109 important level. Technically, the pair could consolidate gains in the short-term as the RSI is positively sloped and not far below its 70 overbought mark; the indicator is already in the […]

The hawkish nature of the FOMC policy meeting late on Wednesday allowed USDJPY bulls to retake control and pick up steam above the 109 important level. Technically, the pair could consolidate gains in the short-term as the RSI is positively sloped and not far below its 70 overbought mark; the indicator is already in the […]

Once again, the Fed said “Boo!” and once again, investors rushed to sacrifice a virgin to the nearest volcano. As we have shown time and again, the Fed doesn’t mean squat to the markets. Want to see what we mean? https://bit.ly/2GELbPr Learn How the Wave Principle Can Improve Your Trading

Gold did trade higher exactly how I alerted you few days ago. The key pivot at the price of $1.430 is broken and there is a chance for larger up move. Pat attention to the important resistance levels at $1.441 and $1.453.. Technical picture: Blur rectangle – Resistance 1 ($1.441) Upper red line – Resistance […]

The data on the eurozone economy, released today in the first half of the day before the publication of an important Federal Reserve System interest rate decision, was ignored by the market, but indicated the need to ease monetary policy, which is likely to maintain pressure on the euro and further in the medium term, […]

To open long positions on GBP/USD, you need: Trading remains above the support of 1.2145, where a false breakout was formed, which was a signal to open long positions in the expectation of continued growth of the pound in the area of larger resistance levels of 1.2210 and 1.2264, where I recommend taking the profit. […]

To open long positions on EURUSD, you need: A number of reports on inflation, GDP growth and unemployment in the eurozone were ignored by the market. First, all the data almost coincided with the forecasts of economists, and secondly, all the emphasis is on the publication of the Fed’s decision on the interest rate, which […]

General Motors stock has stuck to the upper Bollinger band on its stretch north, peaking its head above the band, hauling the price of the stock above previous peaks from February 6 and April 18. Although the price has formed a spinning top candle and sellers have pushed lower, it’s worth mentioning that the 40-day […]

USDZAR rebounded substantially in recent days, to challenge the 14.31 zone and the 50-day simple moving average (SMA), before retreating somewhat. There is currently no clear trending structure in place. For that to change, either the bears would need to push for a new low below 13.80, or the bulls would have to lift the […]

4-hour timeframe Technical data: The upper channel of linear regression: direction – up. The lower channel of linear regression: direction – down. The moving average (20; smoothed) – down. CCI: 55.4765 The European currency has adjusted in the last two days to the moving average line and failed to overcome it. Since the Fed’s possible […]

Bitcoin – 4H. As seen on the 4-hour chart, Bitcoin made a return to the correction level of 100.0% ($9679). However, the bearish divergence of the CCI indicator allows traders to count on some Bitcoin fall in the direction of the Fibo level of 127.2% ($8744). However, the passage of the peak of that divergence […]

EUR/USD – 4H. As seen on the 4-hour chart, the EUR/USD pair performed a reversal in favor of the euro currency and started the growth process in the direction of the correction level of 76.4% (1.1180). There are no emerging divergences today for the euro/dollar pair. The euro is growing ahead of the Fed meeting, […]

To open long positions on EURUSD, you need: The growth of the euro, which was observed yesterday in the second half of the day, even against the background of good answers on the US economy, is directly related to profit-taking before an important meeting of the Fed, at which interest rates can be lowered. Today, […]

During the third trading day, the euro closed above 1.1100, it could be a signal to turn up. Inflation data in the US on the RFE showed moderate inflation, at the level of forecasts. Today at 19:00 London time, the Fed’s decision on rates. Everyone expects a rate cut from 2.375% to 2.125%. The main […]

AUDJPY continues to trade in a relatively narrow sideways range, with an upper bound at 76.30 and a floor at 73.90. As such, the short-term outlook still seems neutral, with a break on either side needed to provide the directional bias. Momentum oscillators doesn’t paint a clear picture either, with the RSI being below 50 […]

US30 stock index has pushed higher, making higher highs, after breaching the 26,708 high from May 1. The two-month run up from the low of 24,606 produced the 27,403 all-time-high, but the price has currently paused and moved into a short-term sideways market. The MACD is below its red trigger line in the positive region, […]

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 […]