USDJPY has broken out of a triangle pattern with a bearish break down. USDJPY has broken below 108 support area and the lower triangle boundary. Price has now back tested the break down area and got rejected. Red rectangle – resistance (previous support) Blue lines – triangle pattern USDJPY has broken down and out of […]

EURUSD has bounced off the 1.1250 support area as important Fibonacci support was found there. Price however has still not broken above recent highs and as long as price is below 1.1285-1.13 we remain cautiously bullish with tight stops. Red lines – bearish channel (broken) Green line – trend line support Blue rectangle – pull […]

The Gold didn’t have enough power to break the resistance at $1.419 and I saw the good rejection there, which is sign for me that buyers got very exhausted there. Since there is rejection of the resistance in the background, I would watch for selling opportunities. Gold also did back into the 24 balance range, […]

Gold price trades around $1,415 with price trapped inside the trading range its been in since the beginning of July. Gold price mainly moves sideways respecting both support at $1,385 and resistance at $1,439. Red rectangle – support area Yellow rectangle – resistance area Gold price is in a neutral short-term trend trading between $1,440 […]

Industry news: Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network. Announced on Sunday and reported by CoinDesk Korea, the other founding firms include mobile carriers SK Telecom, LG Yuplus and KT, two banks – KEB Han and Wooriand – and government-founded securities […]

Goldman Sachs stock had been consolidating since January but in the previous week, the price successfully surpassed the 210 resistance and the 50.0% Fibonacci retracement level of the downleg from 275 to 151.50 near 213.23, violating the range area to the upside. The sideway move held within 180.60 and 210 levels. The MACD is picking up speed in positive territory, […]

Last week US stocks reached record levels after receiving support from Jerome Powell, who vowed to support the economy in testimonies to congress. This was interpreted to mean that the central bank would slash interest rates in the upcoming meeting. This will be a good thing for the market because it will help reduce the […]

China is the second-biggest economy in the world with a GDP of more than $11 trillion. Over the years, the country has emerged to be the most important country in the world. This is because of its state as the world’s biggest producer and the biggest consumer. As such, investors interpret its data to be […]

Earlier today, China released important data that will set the tone for the rest of the day. Numbers from the country’s statistics office showed that the economy’s economy grew at an annualized rate of 6.2%. This was in line with the expectations. It was the lowest growth rate in more than 27 years. On a […]

The Reserve Bank of New Zealand (RBNZ) has clearly stated in June that further monetary easing might be needed over time to help the central bank to meet its inflation and employment objectives. On Monday at 2245 GMT the Consumer Price Index (CPI) report is likely to show that inflation has heated up in the second quarter, […]

GBPNZD, consumed by a two-month downtrend from a seven-month high of 2.0020, had sellers today grab the reins once again to restart another bearish rally south. The momentum indicators confirm the persisting down move, with MACD starting to turn down to cross the trigger line, in the negative area, and the RSI agreeing, as it […]

Let’s say, the dollar symbolically become cheaper by about fifty points at the end of last week, in relation to the single European currency and the pound. In many ways, the reason for this behavior lies in the actions of the Federal Reserve System. True, the matter is not in the statements of representatives of […]

Risk Warning: 71.42% 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: 71.42% 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 […]

Retail sales numbers out of the United States will be scrutinized on Tuesday as investors try to keep alive hopes of a 0.50% rate cut by the Fed later this month. The retail sales data will be published at 12:30 GMT and will be followed by industrial production figures at 13:15 GMT. With the Fed […]

BTCUSD opened with a noteworthy negative gap today, posting a fresh almost two-week low near 9792. The price dived below the Ichimoku cloud but is currently trying to pare some of today’s losses. The MACD oscillator is moving even lower below the zero and trigger lines, while the stochastic is holding in the oversold territory. […]

Risk Warning: 71.42% 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 […]

The JP225 stock index has been ascending since June 4, from the low of 20,276 to a two-month high of 21,796. The index gapped upwards on July 1, only to shift to a two-week trading range with lower and upper boundaries of 21,451 and 21,796 respectively. The index currently finds support on the 50-day simple […]

US stocks eye new record highs as earnings season begins Dollar pulls back as markets digest Powell’s cautiousness Kiwi outperforms on Chinese data, looks to crucial inflation data overnight Solid Chinese data calm slowdown fears, boost risk appetite Global markets kicked off the week in a risk-on mood, with the major US stock indices set […]

EURAUD has been underperforming in the past three days, challenging the 38.2% Fibonacci retracement level of the upward wave from 1.5340 to 1.6445 near 1.6025. The pair bounced off the 20-day simple moving average last Wednesday and is ready to complete a bearish crossover within the short-term SMAs. Short-term momentum indicators are also pointing to […]

EURUSD confirmed another higher low at 1.1192 last week but the market needs a more aggressive rally above the 1.1411 top to resume confidence on the uptrend which started from the 1.1106 bottom. The short-term risk is currently looking neutral-to-positive as the RSI is trying to hold strength above the 50 level, while the Stochastics […]

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Between 10 June-10 July 2010, we were pleased to invite our existing and new clients residing in Pakistan for an exclusive promotion that had as many as 30 enticing lucky draw prizes on offer. We would like to thank all our clients who joined the promotion for a chance to win any of the valuable […]

The Gold has been trading trading sideways in past 24 hours at the price of $1.408. Anyway, there is the well defined trading range between the price of $1.411 and $1.401. The potential break of up limit or down limit will define further direction. The potential break of the resistance at $1.411 would confirm test […]

Initially, Temporary Bullish breakout above 1.1335 was demonstrated (suggesting a high probability bullish continuation pattern). However, the EURUSD pair has failed to maintain that bullish persistence above 1.1320 and 1.1275 (the depicted price levels/zones). This was followed by a deeper bearish pullback towards 1.1175 where significant bullish price action was demonstrated on June 18. The […]