AUDJPY plotted five days of gains after a four-month decline to a 10 1/2-year low of 69.94. The bulls are currently facing some downside pressure from the 50-day simple moving average (SMA) as well as the near downtrend line. The indicators are reflecting an increasing bullish momentum, with the MACD rising in negative territory, distancing […]

AUDJPY plotted five days of gains after a four-month decline to a 10 1/2-year low of 69.94. The bulls are currently facing some downside pressure from the 50-day simple moving average (SMA) as well as the near downtrend line. The indicators are reflecting an increasing bullish momentum, with the MACD rising in negative territory, distancing […]

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 […]

USDMXN slashed in half the gains it earned from July 31 in four days, with the price diving under the eight-month peak of 20.251 and through all the simple moving averages (SMAs) and the Ichimoku cloud. The technical indicators are suggesting a revival of the down move, with the MACD falling back beneath its trigger […]

GBPCHF is looking for more buyers to sign up in the short-term as the MACD tries to grow in the positive territory for the first time since April and the RSI is picking up steam in the bullish area. The market is currently making efforts to pierce July’s troughs around 1.2238, though only a bullish […]

Labour market data will be watched out of the United Kingdom on Tuesday just as Parliament is suspended again only a week after returning from the summer recess. The employment report, due at 08:30 GMT, comes after today’s data pointed to a small bounce in UK growth in July. But while any upbeat data is […]

The US 500 stock index (cash) is eyeing the 3,000 mark again after the violation of the tough 2,940 resistance-turned-support level put the market back into the bullish game. Yet, traders could reduce buying exposures in the short-term as the RSI signals overbought conditions for the fourth consecutive day and the MACD loses momentum below its red signal […]

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 […]

EURUSD plotted a twenty-eight-month low of 1.0925 after a fall from June 25. The bulls tried for a correction up to the downtrend line, but their efforts were ceased by the 20-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 1.1249 to 1.0925, of 1.1086. The sellers took […]

All eyes on the UK as Boris takes another shot at securing a snap election Dollar little changed after NFP and Powell don’t move the needle – ECB in focus Markets stay in risk-on mood despite soft Chinese trade data Pound cools before another UK Parliament battle Never a dull moment in British politics. After […]

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 […]

Gold gave up some ground after failing to cross the 1,560 border, with the sellers currently eyeing the 1,493 noisy support area as the technical indicators warn over a neutral-to-bearish session in the short-term; the RSI is attached at its 50 neutral mark following last week’s decline and the MACD continues to lose momentum below its […]

FX Outlook: Will ECB underdeliver?
The first week of September kicked off with a bang. The US dollar traded lower against most of the major currencies, and breakouts turned into early trends for the Australian, New Zealand and Canadian dollars.

FX Outlook: Will ECB underdeliver?
The first week of September kicked off with a bang. The US dollar traded lower against most of the major currencies, and breakouts turned into early trends for the Australian, New Zealand and Canadian dollars.

FX Outlook: Will ECB underdeliver?
The first week of September kicked off with a bang. The US dollar traded lower against most of the major currencies, and breakouts turned into early trends for the Australian, New Zealand and Canadian dollars.

Market participants and investors have no illusions about the British currency. Recently, many analysts have called the pound a hero of political drama. They agree on a further decline in the fog of Albion. The British pound has become hostage to the political situation in the country. Its high volatility is largely due to instability […]

The pound/dollar currency pair for the last trading day showed ultra-high volatility of 143 points and this is the fourth day in a row; how can you not be happy when the average daily volatility is around 150 points. From technical analysis, we see just a vertical line. It is more than 360 points of […]

This scenario often happens where investors are looking forward to one event, and completely different markets are moving. The US labor market report for August left a mixed impression. Employment outside the agricultural sector increased by 130 thousand, which is below the average for January-July (165 thousand). On the contrary, salaries accelerated to + 0.4% […]

Bitcoin 4H time-frame: MACD oscillator on the 4H time-frame is on the bear divergence, which is first sign for potential downward rotation. Important resistance at the price of $10,860 is holding so far. I didn’t find any stronger reaction after the most recent Non-Farm employment change, which is indication of potential weakness for the BTC. […]

WTI oil futures rallied from a seven-month low on August 7, but the gains were halted at 56.68 and around the 38.2% Fibonacci retracement level of the down wave from 66.57 to 50.58. After multiple failed attempts to close above the 56.68 resistance level over the last couple of weeks, the 20-, 50- and 200-day […]

BTCUSD (Bitcoin) staged a stunning upside reversal around the 9,300 support area, with the price surging back above the 100-period exponential moving average (EMA) and towards two-week highs. Buyers are currently pushing efforts to overcome the 38.2% Fibonacci of 10,837 of the downleg from 13,809 to 9.011, a break of which could see the retest […]

The European Central Bank’s policy meeting will be the focal point for traders next week as expectations are running high that a large stimulus package is on the way. But as the ECB takes action to boost flagging Eurozone growth, key indicators out of China, Japan, the United Kingdom and the United States will also […]

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 […]