Australia is an important country in the financial market because of the resources that it produces. It is one of the most advanced economy, with a GDP of more than $1.3 trillion. Its GDP per capita is more than $54K. The country is known for the vast resources it has and its recent attempts to […]

The United States is disliked by many of its allies and enemies. The European Union, its closest ally was formed partly to compete with the US. Most countries have frictions with the US because of its interference in the world’s systems. The country has attacked nations, killed presidents, and has always interfered in the internal […]

EURAUD found some footing around the 1.6420 resistance level last week and returned to bearish thereafter in the short-term. The price is currently testing the 38.2% Fibonacci retracement level of the upleg from 1.5150 to 1.6660 around 1.6080 and the upper surface of the Ichimoku cloud. The red Tenkan-sen is turning lower above the blue […]

EnWave delivered what they promised in the last years. The company did a huge deal with Aurora for the dehydration of Cannabis and also they signed several royalty-bearing licenses In Japan, Peru, and more countries. The company shall be profitable in fiscal 2019, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view […]

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 […]

EURJPY has been plunging over the last couple of days, recording a fresh almost two-week low near 121.33 earlier today. The bearish cross within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart is increasing speculation for more downside risks. The RSI is heading towards the oversold territory, while the MACD is strengthening […]

To open long positions on GBP/USD you need: Pound buyers will count on the growth of the PMI index for the services sector, which will help in forming a false breakdown in the support area of 1.2582 and this will be the first signal to open long positions. However, the main task is to return […]

Technical outlook: The EURUSD pair is trading very close to our proposed target of 1.1270 at this moment of writing. It is safe to exit short positions at the current price (1.1285) or at 1.1270 levels and wait for further trading signal appearance. Looking at the wave structure, it is more probable to bounce off […]

To open long positions on EURUSD you need: The situation has not changed in comparison with yesterday’s forecast for the second half of the day. The upward correction is still limited by the resistance of 1.1307, and the bulls’ task remains the same for the time being. A breakthrough and consolidation above this range will […]

The US dollar was able to regain momentum over the Swiss franc. The greenback was trading below 0.9700. Ahead of the NFP report this week, the US currency may extend its gains. However, some analysts think that the US dollar is unlikely to set a long-term rally. Trade wars put pressure on the US economy. […]

Here are the options for the development of the movement of EUR / USD vs GBP / USD h4 vs EUR / GBP h4 from July 3, 2019 – a comprehensive analysis of the instruments. Minuette (H4) ____________________ Euro vs US dollar From July 03, 2019, the movement of the single European currency EUR / […]

Lagarde to take over ECB after Draghi; markets bet on more QE BoE’s Carney strikes dovish tone, drags pound down Oil retreats as traders ‘sell fact’ after OPEC US ADP jobs and ISM non-manufacturing to drive dollar today IMF’s Lagarde chosen as next ECB chief In an otherwise quiet session on Tuesday, the biggest piece […]

This June XM brought forex education even closer than before to Vietnamese clients by hosting free seminars in the cities of Ho Chi Minh and Hanoi. Held in Ho Chi Minh City on 11th June and then in Hanoi on 29th the same month, the seminar titled Introduction to Japanese Candlesticks and the Avramis River […]

AUDUSD is flirting with the 38.2% Fibonacci retracement level of the downleg from 0.7390 to 0.6746 slightly below 0.7000 and is holding inside the Ichimoku cloud. The pair remained above the 20- and 40-day simple moving averages (SMAs) which are flattening as the price is developing within a sideways channel of 0.6830 – 0.7035 in […]

Technical Overview: The GBP/USD pair has broken below the 61% Fibonacci retracement located at the level of 1.2611 and is heading lower. The next technical support is seen at the level of 1.2559 and 1.2529. The key support is seen at the level of 1.2505 and if this level is violated the downtrend will accelerate. […]

According to analysts of the largest Swedish bank Skandinaviska Enskilda Banken (SEB), OPEC countries and independent oil producers have easily agreed to prolong the deal to limit oil production for several reasons. The main one is that the continuation of the agreement has a positive effect on the current state of the largest oil producers, […]

The single currency in the EUR/USD pair continues to be under pressure from the US currency, which is in demand among traders. However, the initial euphoria of dollar bulls, observed after the summit of the G20, is gradually fading away. Paired with the euro, the dollar managed to break through the support level of 1.1305 […]

When the OPEC summit turns into a farce, one should not be surprised that cartel members feel like outcasts. At the G20 meeting, Russian President Vladimir Putin was impatient to tell his colleagues some important news, which he did. The Russian leader said he agreed with the proposal of Saudi Arabia to prolong the agreement […]

Good afternoon Elliott wave fans. I’m Dana Weeks with Market Minute for Tuesday, July 2nd. The Dow Jones Industrial Average closed at 26,786, up 69 points. The S&P 500 closed at 2973, up 8 points. The NASDAQ Composite closed at 8109, up 18 points. https://bit.ly/2Nuf4bl Learn How the Wave Principle Can Improve Your Trading

Industry news: In her prepared remarks to be delivered in London, Cleveland Federal Reserve Bank President Loretta Mester on Tuesday argued that cutting rates now could reinforce negative sentiment and encourage financial imbalances and added that she’d like to gather more information before considering a change in the monetary policy. The US Dollar Index didn’t […]

Industry news: Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading. During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets. .Trading […]

EURUSD is trading right above 1.13 but I believe this bounce from 1.1275 is just a pause to the down trend. Price is expected to move lower towards 1.1250 where we will see a big test of the trend. Green line – major support trend line Red rectangle – target area of possible reversal EURUSD […]

Gold price remains in a short-term bearish trend but medium-term trend remains bullish as long as price is above the break out area of $1,350-60. Gold price could make one minor new lower low but is expected to bounce strongly towards at least $1,400. Green line – major support trend line Red rectangle- broken support […]

The US dollar settled near a three-month low amid weak indicators of industrial production, while the Australian rose after the Central Bank lowered interest rates expectedly, but at the same time voiced a more balanced forecast. JPMorgan’s global production index fell to its lowest level in almost seven years, the sector shrank for the second […]

Since February 28, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the period between May 17th and June 5th, temporary bearish breakdown below 1.1175 was demonstrated on […]