The Flash Consumer Price Index (CPI) and initial GDP growth estimates will be on the watchlist early on Wednesday. Following a dovish policy meeting by the European Central Bank last week, the data could assure markets that further monetary easing is the right choice for the months coming ahead. What markets don’t know yet though […]

Staying true to our belief that professional forex education is one of the most essential requisites of successful trading, on 23rd November our dedicated XM team returns to the Thai capital to welcome clients at a new forex trading seminar. Due to take place on the premises of Marriott Marquis Queen’s Park Hotel, the educational […]

The UK100 stock index recorded its best daily gain in more than three years on Monday, while early on Tuesday the market opened even higher to top at 7728, the highest price since last August. According to the stochastics, there is still some room for improvement as the indicator is positively sloped and has yet […]

Australia will publish quarterly inflation data on Wednesday at 01:30 GMT amid a stepping up by the Reserve Bank of Australia in its efforts to spur price growth. The RBA has cut rates twice since June on slowing economic growth and stubbornly low inflation and so the latest readings on the consumer price index (CPI) […]

WTI oil futures have been flirting with the 200-day simple moving average (SMA) but were unable to close above it over the last week after finding support at the 54.80 level. The price seems to be caught between the 20-, 60- and 200-day SMAs in a sideways market that has lasted two-months, with formed candles […]

Sterling crumbles as no-deal rhetoric heats up – outlook still negative Bank of Japan takes no action, yen likes it German and US data due; trade talks resume Pound collapses as Boris plays ‘chicken’ with EU There’s no reprieve for the wounded British pound, which fell to a fresh 2½-year low against the dollar earlier […]

We would like to inform our clients that due to several public holidays, all of which take place in August, the trading hours of various instruments will be affected between 1 and 26 August 2019. Please view the tables below to see which instruments will be affected and how: Instrument 01/08 02/08 SWI20-SEP19 Closed Normal […]

The heavy sell-off in GBPUSD stretched into Tuesday’s session as fears over a no-deal Brexit mounted, with the pair diving below 1.22 and towards its post-Brexit referendum troughs. The RSI is slipping below 30, the Stochastics are heading towards the 20 level, while the market action is currently taking place under the lower Bollinger band, […]

The heavy sell-off in GBPUSD stretched into Tuesday’s session as fears over a no-deal Brexit mounted, with the pair diving below 1.22 and towards its post-Brexit referendum troughs. The RSI is slipping below 30, the Stochastics are heading towards the 20 level, while the market action is currently taking place under the lower Bollinger band, […]

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 […]

This will be the biggest week in the global financial market this year. This article looks at the biggest stories that will dominate the news. Federal Reserve The Federal Open Market Committee (FOM) will start its monetary meeting tomorrow. The committee will release its decision on Wednesday. Investors expect the Fed to lower interest rates […]

On Friday, the US released its GDP numbers for the second quarter. The data showed that the economy rose by 2.1% in the second quarter. This was higher than the consensus estimate of a 1.8% growth and lower than the first quarter growth of 3.1%. This growth denied Trump the 3% growth he has always […]

Last week saw the release of earnings from most companies in the S&P 500. The results were generally positive although a number of companies like Boeing, Caterpillar, and Tesla disappointed. This week, the earnings season will continue. Here are the top companies to watch. Monday Today, a number of leading companies will release their earnings. […]

Good afternoon, Elliott Wave fans. I’m Derek Bruce with Market Minute for Monday, July 29th. Gold’s current juncture is so important that our Chief Market Analyst, Steven Hochberg, recorded a new video outlining it. Watch the video now with a Financial Forecast Service subscription. Just go to elliottwave.com/mm. Learn How the Wave Principle Can Improve […]

AUD/USD has been impulsive and non-volatile under recent bearish pressure which pushed the price below 0.70 with a daily close again. the pair is going through corrections amid extreme volatility as traders are betting on a rate cut of at least 25 basis points at the Fed’s policy meeting slated for July 30-31. AUD fell […]

Bitcoin has managed to gain certain bullish momentum, rejecting off $9,400 area and sustaining the overall bullish bias in the market. It struggled to sustain the current price momentum, but the price above $9,000 indicates the bullish bias is intact and the price has a greater chance of pushing higher in the process. This recent […]

Bitcoin gained bullish pressure having rebounded from $9,400 recently. The price sustained the overall bullish bias in the market. The price settled up at the level above $9,000 that indicates that the bullish bias is intact and price has a greater chance to climb higher. This recent price action signals that bears are setting the […]

The euro / dollar currency pair showed a low volatility of 38 pips by the end of the last trading week, but this was enough to keep the quote within the key value. From the point of view of technical analysis, we see a moderate fluctuation within the pivot point 1,1100, forming an accumulation in […]

Overview: The USD/CAD pair continues to move downwards from the level of 1.3258. This week, the pair dropped from the level of 1.3258 (this level of 0.9965 coincides with the double top) to the bottom around 1.3148. Today, the first resistance level is seen at 1.3258 followed by 1.3325, while daily support 1 is found […]

Apple’s stock lost steam in the last sessions, after a nearly two-month rally from the low of 170.17 on June 3. The pair formed a hanging man formation followed by a close lower and then a shooting star. The bulls seem to have lost control and momentum indicators also warn of a possible short-term down […]

USDCHF dropped from a twenty-eight-month high of 1.0235 to a five-and-a-half-month low of 96.93 over a three-month period. Buyers failed to push above the previous swing peak of 0.9950, and the price is currently hovering near the upper Bollinger band. The 14-day and 20-day simple moving averages (SMAs) show no clear direction, whereas the MACD […]

USDCHF dropped from a twenty-eight-month high of 1.0235 to a five-and-a-half-month low of 96.93 over a three-month period. Buyers failed to push above the previous swing peak of 0.9950, and the price is currently hovering near the upper Bollinger band. The 14-day and 20-day simple moving averages (SMAs) show no clear direction, whereas the MACD […]

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 […]