Overview of trading and tips on GBP/USD The price test of 1.2309 in the afternoon occurred at a time when the MACD indicator had significantly dropped from the zero mark, which limits the pair’s downward potential – especially considering how much the pound had already lost in the morning. The second test of 1.2309 happened […]
Overview of trading and tips on EUR/USD The price test of 1.0639 in the afternoon occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair’s downward potential – especially when it is trading in the sideways channel. After a short period of time, this level was tested […]
Dollar loses ground against risk-linked currencies But yen continues to slide to new 34-year low Stocks rebound, gold falls on easing geopolitical concerns Key US data could further weigh on Fed rate cut bets The US dollar retreated somewhat against most of its major peers on Monday, losing the most ground against the risk-linked currencies […]
Fed is still on the sidelines as the US economy remains strong Smaller US business surveys point to a weaker manufacturing sector But the services sector could continue to surprise on the upside US dollar is benefitting for the curtailed Fed rate cut expectations Stickier inflation, a relatively healthy labour market and a barrage of […]
NZDUSD declines sharply within descending channel Drops to its lowest since November before paring some losses Oscillators are deep in their negative territories NZDUSD has been in an aggressive downtrend since its double rejection at the 0.6217 region in early March. Although the pair posted a fresh five-month bottom of 0.5851 last week, it seems that […]
The EUR/USD pair is moving around the base of the downward cycle, where a sideways range has formed. The support level is at 1.0600, while the peak of the sideways range can reach the value of 1.0700. On the 4-hour chart, the RSI hovered along the 50 mid line, indicating uncertainty among market participants. On […]
Microsoft will report earnings on Thursday, April 25 after the bell Analysts expect solid growth, driven by artificial intelligence But share valuation is already stretched, so upside may be limited Leading the AI arms race Microsoft has been at the forefront of the ‘artificial intelligence wars’ over the past year, following its acquisition of OpenAI and several other […]
Gold dives towards 2,300 MACD and RSI decline from overbought regions Gold prices have been underperforming in the past two days, breaking back below the 2,320 and the 20-day simple moving average (SMA). Momentum indicators are pointing to a negative bias in the short term with the RSI ticking strongly to the downside. The MACD […]
Stepping into the heart of humanitarian action, XM recently had the privilege of visiting the headquarters of Singapore Red Cross, our longstanding partner in numerous charity initiatives spanning over two years. The visit aimed to strengthen ties, discuss upcoming campaigns, and gain insights into the organisation’s operations. Singapore Red Cross, established in 1949, is a […]
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is […]
With the appearance of Bearish 123 pattern which followed by the intersection of Death Cross from MA 20 with MA 50 give the sufficient information if this commodity asset in the near future has the potential to depreciated weakness downward to the level 2257,30 as the main target, and if the momentum as well as […]
Analysis of macroeconomic reports: A significant number of macroeconomic events are scheduled for Tuesday. The UK, the US, and the wider Eurozone area will see updates to Purchasing Managers Index (PMI) figures. These indices are more significant for the European countries, as they are the only ones available. On the US side, the ISM indices […]
EUR/USD Higher Timeframes No significant changes over the past 24 hours. Consolidation continues, so uncertainty persists. The daily short-term trend has moved closer to the price chart. Today, it can be found at 1.0680, practically within the consolidation zone. In case of upward movement, the next resistances are located around 1.0732-56 (daily + weekly Fibonacci […]
EUR/USD Yesterday, the euro held the candle body in the range of 1.0636/56, and even closed the day slightly lower. However, the Marlin oscillator continued to rise on the daily chart, pulling the price towards leaving the range, presumably towards the level of 1.0696. Overcoming this resistance will allow the price to correct higher towards […]
GBP/USD The British pound worked through the target range of 1.2287-1.2307 yesterday and moved out of it, approaching the resistance level at 1.2370. However, we didn’t expect the price to overcome the range on its first attempt; we were actually expecting a correction. The Marlin oscillator moved upward as a sign of support. However, Marlin […]
USD/JPY Economic reports from Japan should have supported the yen, but speculative investor sentiment towards carry trades and the dollar’s local strength continue to pull the Japanese currency to new lows against the dollar. Yesterday, the price settled above the price channel line on the daily time frame and opened the nearest target at 155.80. […]
Analysis of GBP/USD 5M GBP/USD unexpectedly fell on Monday. The British pound had been in a flat state for four months, and volatility has been particularly low for several months. However, the last two days have been out of the ordinary. The British currency sharply fell on Friday, when there was only the UK retail […]
Analysis of EUR/USD 5M EUR/USD traded mostly sideways with low volatility on Monday. We have seen the same movement for six days now, so we have formed a channel that illustrates the current direction. It is moderately upward but very close to sideways. The euro has stopped falling, but no one expects the pair to […]
The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing down. The euro suffered the greatest losses, losing $2.8 billion, along with the Canadian dollar and the British pound. Market repositioning is linked to revisions […]
Highest yields and demand for safe haven assets. These are the two key ingredients for a stronger USD in 2024. At the beginning of the year, few believed that the USD index could rise. By the end of April, only a few bears are sticking to their forecasts. For instance, Bank of America predicts the […]
Analysis of Trades and Trading Advice on the British Pound The test of the price at 1.2371 in the first half coincided with the moment when the MACD indicator started moving down from the zero mark, confirming the correct entry point for selling the pound further along the downtrend, which resumed at the end of […]
Analysis of Deals and Trading Advice on the European Currency The test of the price at 1.0660 in the first half of the day occurred when the MACD indicator started moving down from the zero mark, confirming the sell signal for the euro. As a result, the pair dropped by more than 20 points, constituting […]
In my morning forecast, I paid attention to the 1.2340 level and planned to make decisions on entering the market from it. Let’s look at the 5-minute chart and figure out what happened there. The 1.2340 breakout occurred without a reverse test, so I was unable to get a suitable entry point into short positions […]
In my morning forecast, I drew attention to the level of 1.0645 and planned to make decisions regarding market entry based on it. Let’s look at the 5-minute chart and figure out what happened there. There was a decline, but a false breakout did not occur because the pair didn’t test this level by a […]
On Friday, the EUR/USD pair rebounded from the corrective level at 127.2%-1.0619, favoring the European currency and initiating a new upward movement towards the Fibonacci level of 100.0% at 1.0696. Looking closely, throughout last week, traders were engaged in a tug-of-war between the levels of 1.0619 and 1.0696. Thus, at the moment, we observe a […]
EURGBP trends higher, defends double bottom pattern Technical indicators suggest limited room for improvement Bulls must close above 0.8630-0.8650 region to continue higher EURGBP refused to close below the 0.8528 support territory and instead bounced up aggressively to print a new higher high at 0.8642 on Monday – the highest since January 2024. The […]
On the hourly chart, the GBP/USD pair on Friday rebounded from the corrective level of 50% (1.2464), favoring the American currency and falling towards the support zone at 1.2363–1.2370. A rebound of quotes from this zone will favor the British pound and some growth towards 1.2464. Consolidation of quotes below the zone of 1.2363–1.2370 increases […]
Inflation numbers will be investors’ focal point in Australia this week Doubts about RBA rate cuts have not been much support to the aussie Will Wednesday’s CPI data (01:30 GMT) alter the policy outlook? Is inflation levelling off? Worries about sticky inflation have been a major frustration for the Reserve Bank of Australia, prompting it […]
Meta platforms to report decent annual growth in Q1 How will the US election influence revenue from advertising? Meta stock is not overvalued, but needs promising AI guidance to rally Meta’s prestige performance Earnings from the US Magnificent seven will start rolling in within the coming weeks, with Meta platforms, the parent company of […]
GBP/USD Analysis: The daily chart scale of the major pair of the British pound since last summer demonstrates the formation of a horizontal descending correction. By now, quotes have reached the boundaries of a strong potential reversal zone. The wave structure has developed a stretched flat correction since the beginning of March. Last week, the […]
