Crypto Industry news: Since 2015, when bitcoin became an issue for regulators like the state of New York, the regulation of cryptocurrency (the G20 now calls it as a crypto asset) has been discussed in many places, mainly at bodies like the Financial Stability Board (FSB) and the Financial Action Task Force (FATF). However, Facebook’s […]

Overview: The EUR/USD pair continues to move upwards from the level of 1.1371. Yesterday, the pair rose from the level of 1.1324 to a top around 1.1420. Today, the first resistance level is seen at 1.1441 followed by 1.1484, while daily support 1 is seen at 1.1324 (61.8.% Fibonacci retracement). According to the previous events, […]

The US 30 stock index is currently challenging June’s peak of 26,907 but the positive momentum in the MACD, which trends above its trigger line, signals that a new record high could be achievable as well in the next few sessions. Still, the RSI warns that the market is approaching overbought territory and hence downside corrections cannot be […]

The introduction of additional tariffs on Chinese imports at the beginning of May brought down the USD/JPY quotes below the psychologically important mark of 110. The 5% duty on Mexican imports pushed them below 108.5 due to migration problems. If Donald Trump and Xi Jinping could not agree on the sidelines of the G20 summit […]

The G20 summit did not bring any significant changes in the topic of trade negotiations between Washington and Beijing. The parties only agreed on the continuation of the very fact of the negotiation process, which is not yet clear in what form it will take place, and agreed on a prolongation of the moratorium on […]

With a single European currency, the pound almost the entire past week. Of course, they dropped in price synchronously on Tuesday but it turned out to be almost unnoticed against the general background and was more of a banal technical rebound after the impressive growth of the previous week caused by the outcome of the […]

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 […]

For the third consecutive year since 2017, UK-based World Finance has yet again acknowledged XM in recognition of its long-standing reputation for excellence in the financial industry by granting it as many as two prestigious awards. At the 2019 World Finance Forex Awards XM received two high accolades: for the third year running we were […]

The Reserve Bank of Australia is widely anticipated to lower its cash rate for the second straight meeting when it announces its next policy decision at 0430 GMT on Tuesday. After cutting rates for the first time in nearly three years in June, the RBA is expected to ease policy again amid a cooling global […]

China and the United States agreed to return to the negotiating table during the G20 summit in Osaka. US President Donald Trump expressed his willingness to reduce the pressure on Huawei and postpone the introduction of new duties for at least six months. In turn, China agreed to resume purchases of American agricultural products. The […]

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 […]

Gold prices have reversed back down again after finding resistance at the six-year high of 1439 at the end of the preceding month. Currently, prices are developing within the Ichimoku cloud and the red Tenkan-sen and the blue Kijun-sen lines are pointing down, suggesting more losses. The 20- and 40-simple moving averages (SMAs) posted a […]

Euro: Growth under pressure. The euro is in a growth trend against the dollar, but on Monday morning we see a corrective decline – up to 1.1250, this is within the correction. The Trump-China deal happened over the weekend, stopping the trade war at least for a time. The new week has a lot of […]

EUR / USD On Friday, June 28, trading ended again for EUR / USD without any exchange rate changes. The foreign exchange market kept a close eye on any reports from Osaka, where the G-20 summit took place. Actually, the market was most interested in possible negotiations between Beijing and Washington at this summit. Donald […]

Trade ceasefire propels stocks and dollar higher, sends safe havens lower Oil rejoices on trade truce and OPEC agreement ISM manufacturing PMI today may be crucial for Fed expectations Risk sentiment lifted as Trump & Xi decide to restart trade talks The pivotal meeting between the American and Chinese leaders concluded with a market-friendly outcome, […]

To open long positions on EURUSD you need: The decision of the two leaders to continue working on the agreement led to a fall in the EUR/USD pair. The trend is gradually changing. Therefore, at the moment, it’s best to expect long positions after updating larger support levels around 1.1311 and 1.1284, but the main […]

EURUSD remains under pressure and risk is still to the downside in the short-term as prices continue to drift below the 38.2% Fibonacci retracement level of the downleg from 1.1815 to 1.1110 near 1.1380. After the pullback on the three-month high of 1.1410, technical indicators reversed lower as well, suggesting a possible bearish bias again. […]

EURUSD remains under pressure and risk is still to the downside in the short-term as prices continue to drift below the 38.2% Fibonacci retracement level of the downleg from 1.1815 to 1.1110 near 1.1380. After the pullback on the three-month high of 1.1410, technical indicators reversed lower as well, suggesting a possible bearish bias again. […]

The dollar received temporary support following the recent events. This is not only a temporary truce between the United States and China in a trade war: traders also responded to the meeting between Donald Trump and Kim Jong-un. The US president visited North Korea for the first time in history, inviting his odious colleague to […]

The dollar received temporary support following the recent events. This is not only a temporary truce between the United States and China in a trade war: traders also responded to the meeting between Donald Trump and Kim Jong-un. The US president visited North Korea for the first time in history, inviting his odious colleague to […]

Technical Overview: The EUR/USD pair has finally made a move and this time the bears are in control of the market as the technical support at the level of 1.1343 has been violated. The price has hit the 38% Fibonacci retracement at the level of 1.1323 already and now might be going lower. The next […]

GBP/JPY has cleared short-term important resistance at 137.33 indicating that wave 2 completed with the 135.35. Now wave 3 is in motion for a new impulsive rally that ultimately should break above the 148.87 peak. Short-term support is now seen at 137.20 with important support seen at 136.24. This later support must protect the downside […]

EUR/JPY should push higher to challenge short-term important resistance at 123.18 and a break above here will call for acceleration towards 124.18 and 125.26 as the next hurdles on the way higher. Ultimately we expect the former peak at 127.50 to be broken for a continuation higher to at least 129.60 and likely even closer […]

When the European market opens, some economic data will be released such as Unemployment Rate, Private Loans y/y, Italian Monthly Unemployment Rate, M3 Money Supply y/y, Final Manufacturing PMI, German Unemployment Change, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will also publish the economic data […]