USDJPY tries to extend its bullish move RSI and stochastics stand in overbought regions USDJPY is battling with a fresh 34-year high today, near 154.85 but the current momentum is too weak in the pair. The RSI is pointing slightly down in the overbought territory, while the stochastic is still pointing upwards above the 80 […]
Alphabet reports earnings after market close on April 25 Forecasts point to double-digit revenue and earnings growth Despite stock rally to record highs, valuation is cheap against tech clan Core business shines, but focus shifts on AI After an outstanding 2023, Alphabet has started 2024 on a firm note, outperforming major US indices amid heightened volatility. […]
Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in […]
UK 100 index reaches 8,000 milestone But further gains may have to wait as uptrend starts to lose steam The UK 100 stock index (cash) closed at a new all-time high of 8,046.44 on Monday and climbed to an intra-day record of 8,077.25 earlier today. But whilst another record close is possible in the […]
By leveraging resources and expertise, XM has joined forces with Charity Right Malaysia to empower disabled students in Kalumpang, Selangor. This initiative, under Ramadan Good Deeds CSR, underscores XM’s commitment to creating a positive change in communities. Through the partnership, XM has provided essential dry food supplies to disabled students during Ramadan. By ensuring access […]
US 500 index erases bearish correction MACD and RSI show mixed signals The US 500 cash index is recouping some losses after it lost almost 6% from the 5,240 high. The price dived to a fresh two-month low of 4,924 but failed to have a closing day beneath the 100-day simple moving average (SMA). The […]
The week begins with Tesla stock hitting new lows. Critical support trendline raises hopes for a bullish reversal Q1 earnings to be announced on April 23 after the bell Tesla’s stock started Monday’s session with a downward gap, hitting a nearly 18-month low of 138.84, before ending the day with minimal gains at 141.88. […]
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 […]
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 […]
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 […]
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 […]
GBPUSD posts aggressive bearish move MACD and stochastic indicate more declines GBPUSD breached the tough 1.2370-1.2405 zone with strong momentum to fall straight down to a new five-month low of 1.2308 earlier in the day. Technically, the pair is sailing near oversold waters according to the stochastic oscillator as it posted a bearish crossover within […]
Global markets in a better mood amid lack of Iran-Israel escalation Stocks recover after sharp selloff, oil and gold prices turn down Busy week ahead for economic data releases and tech earnings Relief rally Global markets started the new week on a positive note, as the absence of further escalation in the Israel-Iran crisis helped […]
Will US GDP boost the dollar index? Yen looks steady ahead of BoJ decision Eurozone flash PMIs may halt EURUSD’s bearish actions US GDP –> Dollar index The most significant event of the week is expected to take place on Thursday with the preliminary release of US GDP for the first quarter. The US economy expanded at an annualized rate of 3.4% in the previous quarter. In terms of […]
EURUSD drops to a fresh 5-month low before paring some losses Oscillators suggest that risks remain tilted to the downside EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, violating its 2024 low of 1.0693. Although the pair managed to find its footing at the five-month bottom of […]
EURJPY is preparing to test the recent 165.34 high The growing intervention threat is limiting the aggressive bullish appetite Momentum indicators maintain some degree of bullish tendency EURJPY is edging higher today with the bulls apparently preparing to challenge the recent 165.34 high following another false attempt by the bears to push this pair below […]
Eurozone appears to be on the mend but ECB still on track to cut in June For the euro, rate outlook beyond June increasingly more important Flash PMI readings for April are due on Tuesday, 08:00 GMT Will PMIs confirm tepid recovery signs? The euro area economy stagnated in the middle of 2023 but narrowly […]
NZDUSD creates lower lows in medium-term Stochastics indicate oversold market NZDUSD is recovering somewhat after it posted a new five-month low of 0.5850. The market is still in a strong descending tendency with the technical oscillators showing some mixed signs. The RSI is pointing slightly down beneath the 50 level, while the stochastic posted a […]
Gold, franc, yen and oil spike higher after Israel strikes Iran But gains are pared after retaliatory response seen to be limited Stocks head deeper into the red after disappointing tech earnings Markets on alert as ME tensions re-escalate After days of speculation about a possible retaliatory action, Israel launched strikes on Iranian targets overnight, […]
USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday’s closing price of 1.3765. […]
Dollar goes on a rampage as traders unwind Fed rate cut bets Risk aversion in stock markets amid Iran tensions helps too Upcoming US releases will decide whether rally can go further Dollar shines bright It’s been a phenomenal year for the US dollar so far. The greenback has gained more than 4% against […]
USDCHF starts the day in red RSI and MACD indicate negative retracement USDCHF experienced an aggressive selling interest earlier in the day, but quickly turned higher to approach the 0.9095 barricade. The pair is moving sideways in the very short-term after the rest near the six-month high of 0.9150, while in the bigger outlook, the picture is strongly positive. According to the technical oscillators, the MACD is […]
To support the ‘Bookcases for Kids’ project, we’ve donated books to 10 primary and secondary schools in Ky Son district in Nghe An province, which educate children from underprivileged highland areas. These books filled 10 classroom bookcases, encouraging students to read and facilitating daily reading sessions with teachers. Reading isn’t just about acquiring knowledge; it […]
US GDP, core PCE and PMIs the next tests for the dollar Investors await BoJ for guidance about next rate hike EU and UK PMIs, as well as Australian CPIs also on tap Earnings season heats up as tech giants report Will US data throw more Fed rate cuts off the table? The dollar staged […]
GBPJPY is in the red today, not far from its recent high It continues to hover inside a rectangle structure Momentum indicators are in waiting mode for the next key events GBPJPY is trading lower today as the market is digesting the latest developments in the Middle East and the lower Japanese inflation prints, and […]
