Two weeks have passed since British Prime Minister Theresa May announced her intention to resign. Today, she officially leaves the post of Chairman of the ruling Conservative Party in the country but will continue to serve as head of the Cabinet until her successor is determined. The election of a new Tory leader will be […]
Today, Theresa May is leaving the post of leader of the Conservative Party, fulfilling her promise, announced at the end of May. However, for the time being, she has lost only her political position – until the moment when her successor is determined, May will serve as the acting Prime Minister of Britain. The pound […]
The pound is expected to have a busy start to next week as the latest update on UK GDP growth and industrial production will hit the markets on Monday at 0830 GMT, while on Tuesday at the same time employment data will provide another insight into the British economy. The stats however may not be […]
BTC has been trading upwards and it started to establish the short-term uptrend. Our advice is to watch for buying opportunities. Smaller white lines – Bullish flag (broken) Larger white line – Resistance trendline (broken) Gray rectangle – Resistance and upward objective We found strong push and new momentum on the upside on the MACD […]
Gold has been trading upwards exactly like we expected. The price tested the level of $1.344. The momentum is still very strong and we expect more upside to come. Watch for buying opportunities. White lines – Trading range with the resistance at $1.344 Red horizontal line– Projected upward target in case of the upward break […]
GBP/USD did trade strong upward after the Non-Farm employment change numbers. We see potential new push up till end of the day. Watch for buying opportunities. Gray rectangle – support 1.2726 Red middle line – Middle of the Bolinger band Yellow lines – Fibonacci expansion (resistance levels) We found strong push and new momentum on […]
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Visit our page for more: http://www.xm.com the international Forex broker. Risk warning is correct at the time of […]
As the global growth outlook darkens again, traders will be paying attention to the slew of data that’s expected out of China, the United Kingdom and the United States next week for clues on how major economies are withstanding the increased trade uncertainty. Important indicators are also due from Australia and Japan, while the Eurozone […]
Selling interest is continuing in the AUDJPY market, remaining below the 20-day simple moving average (SMA). However, the technical indicators are suggesting a possible upside correction. The MACD is strengthening its bullish momentum above the trigger line, while the RSI is looking slightly positive in the negative threshold. Should positive pressure come in play and the […]
EUR / USD Yesterday’s trading day for the EUR / USD pair unexpectedly ended with an increase of 55 basis points. Although the rhetoric of Mario Draghi left much to be desired, all market expectations boiled down to the fact that the Eurocurrency, with such an attitude, the head of the European regulator will fall […]
Risk Warning: 71.61% 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 […]
Brent crude oil futures has gained a little extra this week to jump above the 20-period simple moving average (SMA) and re-challenge the 40-SMA. The technical indicators are currently feeding prospects for a possible positive short-term trading as the RSI is holding above 50 level, while the MACD continues to strengthen above its trigger line. However, the stochastic oscillator is flagging overbought conditions, as it fluctuates above […]
Markets hopeful the US and Mexico can reach a deal on migration to avert tariffs Dollar inches higher ahead of May nonfarm payrolls report Euro firmer after ECB meeting as Draghi fails to provide strong easing signals Optimism about US-Mexico talks lifts markets Global stock indices were headed for weekly gains as expectations that the […]
Risk Warning: 71.61% 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 […]
USDCAD lost around 1.20% this week to fall back below its 20- and 50-day simple moving averages (SMA) and into the Ichimoku cloud, while the momentum indicators turned bearish, flagging further weakness ahead. The MACD entered the negative zone, deviating further below its red signal line, and the RSI slipped under its 50 neutral mark. The […]
Risk Warning: 71.61% 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 […]
Trend analysis (Fig. 1). On Friday, we are waiting for the continuation of the upward movement with the first target of 1.2744 – the upper fractal. Much will depend on the news that comes out at 12.30 Universal time. Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – up; – Fibonacci levels – up; […]
Trend analysis (Fig. 1). On Friday, before the news, the price will move down to the side channel. After working out the news – (according to the forecast – upward movement), the downward trend will continue with the first target of 1.1233 – a pullback level of 38.2% (yellow dashed line). Much will depend on […]
GBPJPY is trading not too far from the five-month low of 136.55, having pulled back slightly. The momentum indicators suggest there is still some upside for the pair to advance again, despite the downward movement on the red Tenkan-sen line. The near-term bias is looking neutral-to-bullish as the RSI is flattening near the 30-oversold level, while the MACD […]
To open long positions on GBP/USD you need: Yesterday, pound buyers made another attempt to grow above the resistance of 1.2739, which was again unsuccessful. Today, in the first half of the day, attention will be shifted to the report on inflation expectations, which can help the pound to get above the resistance of 1.2705, […]
To open long positions on EURUSD you need: The euro continued to rise despite the statements of the ECB president about a possible interest rate reduction. Currently, buyers need to climb to the resistance level of 1.1273, which will lead EUR/USD to the highs of 1.1304 and 1.1336, where I recommend taking profits. However, the […]
Technical outlook: The EURUSD pair retested the recent swing highs at the 1.1300 level yesterday before pulling back again. The pair might be still in favor of bears with the risk of the 1.1320 resistance being tested. In case 1.1320 is broken, the bias may shift towards bulls and buying on dips would be considered […]
On Thursday, the main event of the week for the euro was held – the ECB meeting. The ECB did almost everything to prevent the euro from rising: the ECB left rates at record lows. The head of the ECB said that the rate increase was postponed at least until mid-2020. In addition, members of […]
Technical Market Overview: The GBP/USD bulls tried again the break through the technical resistance at the level of 1.2747 but were capped just a little below this level at 1.2740. The pull-back is still shallow and another attempt could be made, but the momentum is barely above its fifty levels, so the up move is […]
Crypto Industry News: Japanese companies did not report crypto gains of $ 93 million over the past few years until March 2019, according to local media. According to them, about 30 enterprises related to cryptography and 50 people have not declared their revenues from cryptocurrencies since March, allegedly due to the high tax on this […]
Crypto Industry News: The European Union has informed Malta that it needs to improve its resources to fight potential financial crimes as a result of the popularity of cryptocurrencies, according to the local Malta Today press. In a letter to Member States advising on how to spend EU funds, the European Commission pointed out that […]
EUR/USD The results of yesterday’s meeting of the ECB turned out to be quite expected: the TLTRO-III program will be launched in September with a credit rate of about zero, the first rate increase will be no earlier than the middle of next year, the economy’s prospects are reduced – from 2020 to 1.6 %, […]
EUR/GBP On Tuesday, June 4, the price turned down from the level of 0.8901, which is the high on July 9, and which on August 14 the price was able to overcome from above, turning to 195-point growth. The observed reversal occurred with the formation of a divergence with the Marlin oscillator on the daily […]
GBP/USD On Thursday, under the influence of activity on the euro in connection with the ECB meeting, the pound sterling grew by more than 50 points, but as a result, closed the day with an increase of only 7 points. Growth stopped near the highs of June 5 and May 27. At this price surge, […]
The euro ignored data on the growth of the eurozone economy in the 1st quarter of this year, as traders closely followed the ECB report. Even despite the fact that the expected dates for raising interest rates in the eurozone were shifted to the middle of next year, and Mario Draghi signaled a possible decrease […]
