Pound dips below $1.20 as PM Johnson threatens to call an election if MPs try to block a no-deal Brexit Chinese yuan extends slide as US-China trade talks in doubt Aussie bounces back after RBA decision; GDP eyed next UK MPs fight to stop no-deal Brexit British lawmakers will today vote on whether to take […]

GBPUSD could not sustain its recent rebound as the upward line of the descending channel proved hard to break, with the bears leading the price slightly below the the key barrier of 1.1986 and to new 31-month lows on Tuesday. Technically, the negative momentum could stay in play in the short-term as the bearish signals have strengthened […]

Having attended over thirty financial exhibitions across Europe alone to meet with existing and prospective clients in person, this October XM returns to the busiest metropolitan city in Italy, Rome, to take part at Investing Roma on 4th October. The all-day Investing Roma financial exhibition will take place at Centro Congressi Roma, Piazza della Pilotta […]

AUD / USD pair The Australian dollar gained strength for two days before the breakthrough of support for the red price channel at 0.6710, which took place this morning. This is against a good indicator of Australia’s balance of payments for the 2nd quarter amounting to 5.9 billion against the forecast of 1.5 billion. True, […]

GBP/USD In England, the government’s opposition to Parliament has intensified, which is in a hurry trying to ban Brexit without a deal in response to a possible announcement of early elections. Also on Monday, Manufacturing PMI in August fell from 48.0 to 47.4, which ultimately pulled down the pound by more than 100 points. The […]

GBP/USD In England, the government’s opposition to Parliament has intensified, which is in a hurry trying to ban Brexit without a deal in response to a possible announcement of early elections. Also on Monday, Manufacturing PMI in August fell from 48.0 to 47.4, which ultimately pulled down the pound by more than 100 points. The […]

USD/CAD has been trading upwards. The price tested the level of 1.3360. I still expect more upside and potential test of 1.3420. Red horizontal line – Important resistance and upward objective Yellow rectangle – major support area Pink rising line – Expected path MACD oscillator is showing new momentum up, which is good confirmation for […]

The clear upside direction in the RSI and the positive slope in the Stochastics are framing a bullish picture for the short-term, though with the indicators entering overbought waters, the positive momentum could soften soon. Friday’s closing price above the upper Bollinger band is another indication that room for improvement could be limited. In case of a […]

Australia is caught in the middle of the Sino-US trade war and although conditions seem to be getting worse rather than better, clouding the country’s economic outlook, the Reserve Bank of Australia is not expected to deliver further monetary easing when it announces its rate decision on Tuesday at 0430 GMT. The pause, however, could be only temporary. Its […]

Active growth in the price of yellow metal is the leading trend in recent months. According to analysts, its value has increased by 20% since the beginning of the year, breaking the mark of $1,500 per 1 ounce. Experts believe that the concern about the escalation of the trade conflict between the United States and […]

Gold has been trading sideways at the price of $1525. Anyway, I still expect more upside and at least another upward swing. Key support at the price of $1,525.00 held successfully many times, which is good positive sign for further upside continuation. Red horizontal line – Important resistance and upward objective Yellow rectangle – major […]

The price is moving downward in August, testing the historical support level of 1.2107 (yellow bold line) and after that, the price went upward in a pullback. After an uptrend for the past two weeks, the price almost reached a pullback level of 14.6% at 1.2308 (yellow dashed line). After the intervention of the fundamental […]

Microsoft stock logged a high of 141.61 after a seven-month uptrend, before shifting into a one-month sideways move. The stock found support from the 23.6% Fibonacci retracement level of the up leg from 94.48 to 141.61, of 130.50, as well as the 132.60 level, capped by resistance at 139.40. Momentum has disappeared, as the MACD […]

Google stock collapsed from 1264 to 1139 after nearly revisiting the high of 26 July 2018 of 1269, evaporating all gains from the bullish gap of July 26 of this year. The price moved into a sideways market with upper and lower boundaries of 1203 and 1146 respectively. Despite the latest correction and consolidation phase, […]

For the second time since 2018, on 24th August XM organised a memorable outdoor event for Malaysian clients and their families, who had the opportunity to enjoy some well-deserved quality time on the XM Family Day. The event venue was just the perfect setting for our esteemed clients to celebrate family togetherness and enjoy a […]

The yellow metal clocked a new 6 ½-year high of 1555.10 on August 26 and then pushed into a transition period for around a week with upper and lower boundaries around 1547 and 1516 respectively. It’s worth mentioning that the Bollinger bands are also squeezed in this short-term pause in direction. The MACD and the […]

Stocks under pressure, safe-havens in demand as new US-China tariffs come into force Weak manufacturing PMIs also weigh on risk sentiment, but China stimulus hopes provide support Pound tumbles as traders brace for a turbulent week in Westminster as Brexit tensions boil Tariffs, growth worries dampen sentiment A new round of tariffs came into effect […]

Gold price finally succeeded and broke the 1,385$ level. Our targets of 1,480$ and 1,530 $ are reached and the formations give us a new target of 1,600 to 1,630$- Long-term we see potential up to 2,300 $ per ounce gold, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video […]

EURUSD followed a series of bearish days after failing to breach the descending trend-line drawn from the 1.1411 peak, with the price dropping forcefully below the 1.1065 key support and into 1.1000-1.0950 restrictive area. The fast-Stochastics have entered the oversold zone, while the RSI is ready to challenge its 30 oversold mark too, an indication that the […]

To open long positions on EURUSD you need: Despite the fact that it’s the end of the month and there are expectations of profit taking, the weak data on the eurozone economy that was released on Friday hit the EUR/USD pair, which led to another update of monthly lows. At the moment, buyers should rely […]

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This week ends for the Argentine currency with a grand collapse. Experts call the peso, which lost 4.7%, the leader in the scale of the fall against the US currency. Currently, the USD/ARS pair is above 57 pesos per 1 US dollar. Several analysts believe that the rise of the peso above 60 is inevitable. […]

This week ends for the Argentine currency with a grand collapse. Experts call the peso, which lost 4.7%, the leader in the scale of the fall against the US currency. Currently, the USD/ARS pair is above 57 pesos per 1 US dollar. Several analysts believe that the rise of the peso above 60 is inevitable. […]

Gold price is still holding well support at the price of $1,525, which is good sign for further upside. I still expect more upside and at least another upward swing. Red horizontal line – Important resistance and upward objective Yellow rectangle – major support area Purple rising line – Expected path MACD oscillator is showing […]

Gold price is still holding well support at the price of $1,525, which is good sign for further upside. I still expect more upside and at least another upward swing. Red horizontal line – Important resistance and upward objective Yellow rectangle – major support area Purple rising line – Expected path MACD oscillator is showing […]