Forex Market Review (European Session) – Euro shines as SPD agrees to resume coalition talks; dollar sinks to two-month low

Euro bulls pushed the euro to a fresh two-month high during the European session after upbeat readings on German business climate improved sentiment on the Eurozone’s outlook and political risks in Germany eased. The dollar weakened even further amid a strengthening euro, while disappointing PMI readings added further losses to the currency. Business confidence in Germany reached new record […]

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Week Ahead – Manufacturing PMIs and inflation data to dominate; OPEC meeting also eyed

After a relatively quiet week, the economic calendar is looking busier for the coming seven days. Manufacturing PMIs will be released in most major economies as the month comes to an end, and inflation measures for the Eurozone, Japan and the United States will also highlight the week. Canada will be in focus too as […]

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Technical Analysis – CHI50 index pauses rally; neutral in short-term

CHI50 started a strong rally in the mid-May, flying to a two-year high – a breath below the 14,000 – key level on November 22. But since then, the index took a knock, sinking by almost 4.0% and falling below the 20-period exponential moving average (EMA) in the four-hour chart, painting a neutral picture in […]

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Forex Market Review (Asian Session) – Euro strong on improved Eurozone sentiment; pound flat as May heads to Brussels

With markets remaining partially closed on Friday for the Thanksgiving holiday week, the dollar was firmer in Asia, gaining on rising Treasury yields. In Japan, however, investors who also had a day off on Thursday, returned to their offices, pushing the Yen lower as Japanese and Chinese stocks traded higher after a strong sell-off on Thursday. The dollar index, which […]

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Positive Economic Data for the Eurozone and UK

Data released on Thursday from Markit Economics showed eurozone’s thriving economy powered ahead in November, with new manufacturing orders reaching 17-year highs and a resilient labour market that has shown steady growth. The data suggests that eurozone businesses experienced their best month in almost 7 years, with the main indicators of demand, output, employment and […]

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10 Fun Facts about the Forex Industry

The Forex industry is one of the world’s most high pressure ways of making money. However, the forex industry is full of interesting and fascinating facts, and finding out about them is a great way to relax. Here are 10 fun facts you probably don’t know about the foreign-exchange markets.   The worst currency inflation […]

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Special Report – Hammond plans for post-Brexit Britain; Pound lifted above $1.33

The UK Chancellor of the Exchequer, Philip Hammond, unveiled his 2017 budget in parliament on Wednesday, which put the focus on investing for the future as Britain readies to leave the European Union. With the Conservative government still trying to bring under control a financial crisis era debt hangover, Hammond had little room for big […]

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Stock Market News (European Open) – Europe broadly down; Chinese stocks decline sharply; US markets closed for Thanksgiving

With Japanese markets closed for Labor Thanksgiving Day, attention shifted to other Asian markets. Hong Kong’s Hang Seng lost 1.0% after yesterday closing at a 10-year high and the Shanghai Composite retreated by 2.3% to record its worst daily performance of the year. Australia’s S&P/ASX 200 finished the day flat. Sentiment is China was negatively affected […]

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Technical Analysis – NZDUSD makes corrective bounce and pauses downward trajectory

NZDUSD is on a continuous downward trajectory since falling from the September 20 peak of 0.7434, making a series of lower highs and lower lows. The bearish market structure is still in place, although in the near-term prices are pulling back. Short-term charts are indicating a slight reversal. On the 4-hour chart, there was a corrective bounce […]

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FOMC Fears Pushes Gold Up, ECB Pressuring Euro

During yesterday’s FOMC meeting concerns were aired regarding growth of inflation, raising suspicions that they may keep interest rates unchanged until the end of the year. Although most analysts assumed that an the US was poised for a third interest rate hike in 2017. This fear seemed to resonate into the markets causing GOLD to […]

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Forex Market Review (Asian Session) – Dollar flat following losses on Fed perceived dovishness; thin trading on Thanksgiving holiday

As the Asian session was nearing completion, the dollar was little changed on the day relative to major rival currencies after yesterday posting sizable losses following the release of the minutes of the Federal Reserve’s October 31-November 1 meeting which showed differing views within the FOMC, casting doubts about the timing of delivery of future […]

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UK Growth Forecast Lowered – GBP Strengthens

UK Chancellor Phillip Hammond delivered an Autumn Budget that appeared to be somewhat neutral in its content. More sobering was the updated forecast of UK economic growth, which is growing slower than previously thought. Hammond said productivity levels remained “stubbornly flat”, with growth until 2021 expected to be lower than predicted in March. The Office […]

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XM Hosted Latest Forex Trading Seminar in Madrid

On 15th November, XM arrived in Madrid, at the last destination of its autumn Forex trading seminar series held in various cities of Spain, where we were extremely glad to meet with all those who joined our free seminar presented by Academia de Mercados. As XM is dedicated to helping traders build their confidence by […]

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Forex Market Review (European Session) – Pound falls after Hammond downgrades economic outlook; euro rebounds as eurozone consumer confidence surprises to the upside

The British Budget for 2018 was the main focus during today’s European trading session, while a strip of economic releases out of the US also attracted some attention. The Pound posted short-lived losses after British official budget forecasters downgraded the country’s economic outlook, while the dollar dipped into losses after strong flash readings on eurozone confidence activated Euro bulls. The […]

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Did Wolf of Wall Street Inspire Traders?

The 2013 Leonardo DiCaprio vehicle by Martin Scorsese was based on the rise and fall of Jordan Belfort, former stockbroker current motivational speaker (no really look). After the events depicted in the film, Belfort was convicted to a 22-month sentence because of his involvement in security fraud through his company Stratton Oakmont. Unlike Belfort, the […]

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Stock Market News (European Open) – Bullish sentiment across global equity markets; European equity gains though limited

Asian stock markets extended their gains during today’s trading with major benchmarks hitting fresh multi-year highs or coming close to recently hit multi-decade peaks. In Japan, the Nikkei 225 and Topix Indices added 0.5% and 0.3%, coming closer to their highest since the early 1990s. Hong Kong’s Hang Seng rose by 0.6%, closing at a […]

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Forex Market Review (Asian Session) – Dollar on the backfoot as Treasury yield gap flattens; oil heads to two-year high

The dollar was on the backfoot in Asia on Wednesday as the US yield curve flattened to its lowest spread in a decade, while dovish comments from the Fed chief late on Tuesday dragged the currency even lower ahead of the Fed meeting minutes. Energy markets also posted significant moves during the session, with Oil prices heading towards two-year high levels. […]

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Can the UK Budget Help PM May?

Today sees the release of the UK’s Autumn Budget with the markets believing this financial statement is critical for Prime Minister Theresa Mays’ survival. Following the very narrow victory she had in the recent General Election, this Budget could provide May with an opportunity for redemption from voters. The Prime Minister is treading water as […]

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Technical Analysis – AUDUSD drops to 5-month lows; bearish outlook stronger

AUDUSD has fallen to its lowest level in five months and has turned increasingly bearish after breaking below its 200-day moving average. The slide from the 0.8124 peak is still in progress and shows no sign of reversing yet. The market has retraced over 61.8% of the rise from 0.7328 to 0.8124. The break below the key […]

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Forex Market Review (European Session) – Aussie bounces after RBA Lowe says next rate move is up; Turkish lira hits record low

The aussie overperformed its peers during the European session, posting a strong rebound after the RBA governor ruled out the possibility of expanding stimulus monetary policy. On the other hand, the Turkish lira hit a record low against the greenback after the Turkish president threatened to take control of the Central Bank of the Republic […]

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Euro weighed by German political uncertainty, looks to Eurozone flash PMIs for support – Forex News Preview

The Euro is once again dogged by political risks as the collapse of the coalition talks in Germany has raised the prospect of months of uncertainty in the Eurozone’s biggest economy. The announcement on Monday of the collapse of the three-way coalition talks between Chancellor Angela Merkel’s party, the CDU/CSU, the pro-business Free Democratic Party […]

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What Is Leverage And How Its Used In Trading

There are people out there that are trading BITCOIN with just $815 when its price is more than $8000? OK that might have come off as a bit too sell-y, but hear me out. In CFD and Forex trading there is a service most brokers offer called leverage. What is leverage? In extremely basic terms […]

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