Corn is one of the most important agricultural commodities in the US. In June, the price of the commodity has risen sharply, caused by the poor weather that has affected most regions that grow the crop. In the month, the price has risen from a low of $3.42 and reached a high of $4.63. The […]
This year, Bitcoin is one of the best performing financial asset after rising by more than 240%. In the five days alone, the currency has gained by more than 30%. The recent upward trend is mostly attributed to the recent announcement by Facebook, that it will be launching its own cryptocurrency in the coming year. […]
Between 11th May and 22nd June XM continued its free seminar series in the Philippines, offering retail investors the opportunity to attend educational events devoted to imparting useful knowledge on forex trading techniques and strategies. Our staff members were pleased to welcome numerous clients at the latest XM seminars held in the cities of Iloilo, […]
Bitcoin moved lower as expected. It is currently going back to the mean having reached $14,000 with impulsive pressure. Earlier, it managed to gain and sustain impulsive bullish momentum after breaching above $11,500 area with a daily close which came to an end after counter bearish pressure pushed the price by more than $2,000 lower […]
Safe haven gold has been winning favor with investors amid uncertainty in the global economy. The precious metal managed to sustain and retain momentum above $1,400. However, analysts expect a retracement along the way before the price hits the $1,500 psychological level. Gold price dipped for a while for some reasons. Golg is taking advantage […]
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, […]
For your attention, here is a comprehensive analysis of the options for the development of currency instruments movement EUR / USD vs USD / JPY vs EUR / JPY on the Minuette operational scale ( H4 timeframe ) on June 27, 2019. ____________________ Euro vs US Dollar On June 27, 2019, the development of the […]
The upward movement was impulsive last week but the “false test” pattern was formed at the beginning of the current week. This makes it possible to work in sales. The first reduction target is the 1/2 WCZ of 1.2615-1.2599 and the test of which will be decisive for the entire upward movement. Working in the […]
GBPAUD is posting red days, hovering around the lower boundary of the trading range (1.8100 – 1.8880), which has been standing since February 19. The RSI is pointing down in the negative territory, while the stochastic is holding in the oversold area. Should the market continue its downside direction and penetrate the range, support could initially emerge […]
The euro grabbed the opportunity to recoup some lost ground last week at a time when major central banks including the European Central Bank (ECB) itself are preparing to add a dose of stimulus to the global economy. The rally however may come under test in coming days as the preliminary Harmonized Consumer Price Index […]
We would like to inform you that due to several public holidays all of which take place in July, the trading hours of various instruments will be affected between 1 and 5 July 2019. Please view the tables below to see which instruments will be affected and how: Instrument 01/07 02/07 HK50Cash Closed Normal Hours […]
Markets in cautiously optimistic mood ahead of crucial Trump-Xi meeting Reports that US and China have agreed to tentative truce over trade lift sentiment Dollar edges up but most pairs stuck in narrow ranges as G20 outcome awaited Modest hopes of positive talks buoy risk appetite Signs that the US and China were moving […]
Reports on the US economy show signs of slowing growth again. Thus, orders for durable goods decreased by 1.3%. Although it increased, however, very weakly by + 0.3% without transport. On Wednesday, Trump criticized the Fed again – saying that the head of the ECB is much better at helping its economy than the head […]
EUR / USD On Wednesday, June 26, trading ended with a rise of several base points for the EUR / USD pair. This increase was so small that in no way affected the current wave counting, suggesting a slight pullback down as part of the correctional wave in the future 3 upward trend segments. Thus, […]
Yesterday can be described as a marking time, although the reasons for some kind of revival is quite enough for yourself. More precisely, there is only one reason. Orders for durable goods in the United States declined by another 1.3%, while the data for the previous month was revised for the worse, and then orders […]
To open long positions on GBP / USD pair, you need: Pound buyers are required to keep the level of 1.2664 and the formation of a false breakdown, after updating the minimum of yesterday, which will be the first signal to open long positions. The target of GBP/USD buyers is to return to the resistance […]
USDCAD stretched the bearish wave towards 1.3100 on Thursday, the lowest level reached in 4 ½-months, but the RSI and the Stochastics suggest that it’s time for an upside correction as both indicators are currently fluctuating near oversold territory. The 1.3165 mark could potentially provide immediate resistance if the market attempts to recover. Breaking that […]
To open long positions on EUR/USD pair, you need: The euro buyers tried several times yesterday to save the situation, especially after a weak report on the American economy, but it was not possible to resume growth. At the moment, it is best to return to long positions on a false breakdown from the level […]
NZDUSD stretched its seven-day rally to a more than two-month high of 0.6690 on Wednesday, remaining within the Ichimoku cloud. The price advanced above the bullish cross within the 20- and 40-simple moving averages (SMAs) and is trying to exit from the two-month congestion area of 0.6490 – 0.6680. The near-term bias is looking neutral-to-bullish as the […]
Technical outlook: The EURUSD is likely to approach a minimum drop towards 1.1300 levels and up to 1.1250/70 levels. We have presented the hourly chart today highlighting the recent upswing between 1.1180 through 1.1412 levels respectively. A simple retracement of the above boundary should bring EURUSD lower towards the Fibonacci 0.618 support seen at 1.1270 […]
EUR / USD pair Investors continue to be in a state of tension as they wait for the G20 summit, which begins its work today in Japan. Usually, this event does not attract much attention of investors but now the issue of US-China trade relations with the US and the EU will be resolved. The […]
The GBP/JPY pair is testing short-term important resistance at 137.13 and a clear breakout above here will confirm that the correction in wave 2 did complete at 135.35 and wave 3 is now developing for an ultimate breakout above the 148.87 peak. That said, we also need to stress the importance of the possibility that […]
EUR/JPY is developing as expected. Its quotes are going higher. With a corrective dip to 121.62 followed by a clear break above 122.48, we should see a continuation higher to the next short-term hurdles at 123.18 and 124.16. in the long-term we expect the ongoing rally to ultimately break above resistance at 127.50 for a […]
GBP/USD Over the past day, the British pound exchange rate has not changed a point to the current moment. Yesterday, the price channel line on the daily chart and the MACD line on the four-hour chart were strong resistance. On H4, the situation is completely decreasing, the Marlin oscillator remains in the growth zone. If […]
AUD/USD Yesterday, the Australian dollar grew by 25 points, showing steady growth over all the graphical and resistance indicator on the daily chart. The growth target of 0.7048 is the upper limit of the price channel. But the observed growth has a big pitfall – on the four-hour chart, the Marlin oscillator is steadily declining […]
Forecast for June 27: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top, is […]
Crypto Industry News: The recent Firefox vulnerability has been exploited in the attacks on the leading cryptographic exchange and Coinbase portfolio service, according to a published Tweet by Philip Martin, a Coinbase security researcher. As Martin discovered, the critical gap of the so-called zero-day in the Mozilla Firefox browser, which was announced on June 18, […]
Crypto Industry News: The potential reduction in interest rates by the US central bank is clearly one of the reasons for the recent rise of Bitcoin, said Jim Reid, a board member of Deutsche Bank in a TV interview. Reid, the head of global core credit strategy at Deutsche Bank, stated: “If central banks are […]
Technical Overview: The GBP/USD pair has moved lower to test the support at the level of 1.2668 as the market conditions were overbought and bounced a little from the support. The local high was made at the level of 1.2706, but it is not enough for the bulls to continue the move up. Please notice, […]
Technical Overview: The EUR/USD pair has moved down to test the technical support located at the level of 1.1347 due to the overbought market conditions and weaker than before momentum oscillator. There is still a chance for a move up if the support holds but if it will not, then the next support is seen […]
