NZDUSD has come under renewed selling pressure, falling below its 20-simple moving average (SMA) after the pullback on the 40-SMA in the 4-hour chart. Despite the latest bounce off, the pair has not posted a fresh lower low, yet, but the technical indicators are endorsing the negative pressure. Looking at momentum indicators, in the short-term […]
Here are the latest developments in global markets: FOREX: The US dollar index is lower on Thursday, albeit by less than 0.1%, still hovering near the five-month highs reached earlier in the week. The US currency barely rose yesterday even though the yields on longer-term US Treasuries continued to climb, reaching fresh multi-year highs. Elsewhere, sterling […]
On 12th May, the Investors’ Gala Night took place in Frankfurt, Germany, with the sponsorship of XM, which can be considered to be an event of major importance for all those interested in the world of online investing and finance. The prestigious gala night was organized on the premises of one of the most picturesque […]
In the past two days, the USD/JPY pair has moved up and down within a narrow range. It has traded between 110.01 and 110.45. The narrow range has come even as we have received major news from Japan and the United States. First, on Tuesday, we received news that North Korea was throwing doubts for […]
USDJPY is moving near its opening level during today’s early European session following the aggressive buying interest of the previous three days. The pair has challenged a fresh more than three-month high of 110.44 and successfully surpassed the 200-day simple moving average (SMA). The price remains above the aforementioned obstacle however, technical indicators suggest that […]
British Media has reported that the UK is to inform the EU that they are willing to stay in the EU Customs Union beyond 2021. The Government agreed on a new “backstop” earlier this week to avoid a hard border on the island of Ireland. This came after rejecting earlier EU proposals ahead of the […]
Retail giant Walmart is scheduled to release its Q1 earnings report before Thursday’s US market open. The consensus recommendation for the company is “buy”, which favorably compares to the “hold” average consensus recommendation for the Food Retail & Distribution peer group. The supermarket chain’s earnings per share (EPS) are anticipated to come in at $1.12 […]
Technology conglomerate Cisco Systems is due to release its earnings report for Q1 2018 on Wednesday after Wall Street’s closing bell. The consensus recommendation for the firm is a “buy”, in line with the average recommendation for Communications Equipment, its peer group. The California-based technology giant is anticipated to report earnings per share (EPS) […]
EURCHF is on course for a fourth straight day of losses, which have taken the pair from above the 1.19 level to a one-month low of 1.1770 today. The sharp sell-off, especially in the past two sessions, has shifted the near-term bias from positive to negative. The momentum indicators are supportive of the bearish picture, […]
GBPSEK has recorded a stunning bullish rally over the previous two trading days and is set to complete another positive session. After the rebound on the seven-month low of 11.6200, the price challenged an intraday high near the 11.8060 resistance level. The technical indicators in the short-term are confirming the upside momentum on price action. The RSI […]
The EURUSD pair has dipped below 1.1800 for the first time since December. The move comes after the release of Eurozone final CPI figures, which were in line with estimates. The final CPI was reported at +1.2% on a yearly basis. Adding to the bearish bias is monetary policy divergence between the FED and the […]
Just like in the past few years, XM hosts free forex trading seminars in Malaysia on a regular basis, the latest of which is due to take place in Kuala Lumpur on 14th July. For anyone still new to online investing, or for more advanced investors who are still looking for ways to build up […]
Here are the latest developments in global markets: FOREX: The US dollar pared some of Tuesday’s gains that were posted after a rally in US treasury yields; 10-year Treasury yields hit as high as 3.095, the highest since 2011. Dollar/yen retreated by 0.18% after it marked a new 3-month high of 110.44 on yesterday’s US session. […]
The UK’s leading share index, the FTSE 100, has been enjoying an impressive rally since the end of March, climbing to levels last seen in January before the global equities and bond sell-off struck the markets. The gains over the past two months make the FTSE 100 the best performing share index among the major […]
EURJPY bounced off the 131.37 high during Monday’s trading session and posted some losses reaching the 130.30 support level and the 40-simple moving average in the 4-hour chart. Hence the upside momentum appears to have run out of steam as prices have been attempting and failing to close above the 137.37 line in the past […]
The GBPUSD pair pulled back from resistance at 1.36000 this week and remains in a sideways consolidation pattern between 1.36500 and 1.34500, a 200-point range. USD strength yesterday pushed price to new lows at 1.34510, and this remains the level to break if that strength returns. For now, price is back above previous support at […]
Japan is the third largest economy after United States and China. It has a GDP of $4.9 trillion, which is slightly lower than the GDP of the United Kingdom and France, which have a combined GDP of $5.1 trillion. For decades, Japan has used its expertise on manufacturing and its good relations with the United […]
New Zealand is a small country with a population of under 5 million people. The country is located to Southwestern Pacific Ocean and is made up of two main islands. It has a GDP of more than 185 million people and a GDP per capita of more than $35,000. The country is best known as […]
Here are the latest developments in global markets: FOREX: The US dollar index is higher on Wednesday but by less than 0.1%, extending the notable gains it posted yesterday, when it advanced against all major currencies. Solid US retail sales data pushed the yields of longer-term US bonds to fresh multi-year highs, breathing a second wind into […]
For the second time this year, XM participated at Money Show financial exhibition in Greece, this time organized in the city of Thessaloniki between 27 and 29 April. The three-day event series took place on the premises of Hyatt Regency Hotel on 27, 28 and 29 April, with the official sponsorship of XM. Our company […]
AUDUSD has reversed back down again after finding resistance at the 0.7560 barrier, achieved on Monday and holds below the 0.7800 handle. The pair completed two consecutive bearish days and remains below the 20- and 40-simple moving averages (SMAs) in the daily timeframe. However, Wednesday’s trading session started in positive territory. In the short-term, the momentum indicators seem […]
Japanese GDP fell to -0.2% from 0.0% expected for the quarterly Q1 figure and -0.6% from 0.0% expected for the yearly figure. This drop was forecasted, with an expectation for a recovery to higher numbers going forward into Q2. USDJPY didn’t react much and is still trading in the same range around 110.275, after breaking […]
In Australia this week, the main events will be the release of wage growth and employment data on Wednesday and Thursday respectively, both at 0130 GMT. Forecasts point to another set of decent figures, which may support the Aussie a little, but are unlikely to change the RBA’s neutral stance on policy. The Reserve Bank […]
The UK 100 index has posted an impressive rally after hitting a one-and-a-half-year low of 6,760.10 on March 26; in fact the index has advanced in every single week ever since that trough and is currently on track for an eighth straight weekly gain. The short-term bias is bullish as indicated by the positively aligned […]
Cryptocurrencies have had a positive start to the week, after last week’s correction when the market cap dropped to $367 bln. The sell-off was provoked by BTC moves from Mt. Gox cold wallets and investigations into the largest crypto exchanges in South Korea. Currently, the total market cap sits at around the $400bln mark, with […]
Silver is often referred to as gold’s poorer cousin. In the 70s, when investors were allowed to trade gold, its price gained by triple digits. To investors, this was an interesting period to buy a commodity that is very related to gold, but one that was not very expensive. Silver offered the traders an opportunity […]
EURAUD remains under pressure as it continues to trade within a trading range in the short-term over the last two months with upper boundary the 1.6140 resistance level and lower boundary the 1.5775 support level. The price hit the long-term ascending trend line and rebounded creating two consecutive bullish days. The near-term technical indicators suggest […]
The New Zealand Dollar (NZD) has been one of weakest currencies over the last month and is nearing the 0.69 level against the US Dollar. Last week, the Reserve Bank of New Zealand (RBNZ) kept its official cash rate at a record low of 1.75% and indicated that interest rates would stay at record low […]
Here are the latest developments in global markets: FOREX: Stronger US long-term Treasury yields continued to underpin the dollar during the early European afternoon, sending dollar/yen slightly above the 110 key-level before a slip to 109.90 (+0.23%). The US dollar index pulled back from an almost two-week peak of 92.80 touched on Monday but was set […]
GDP data out of Japan will come into focus on Wednesday (Tuesday, 23:50 GMT) as investors watch how resilient the Japanese economy was to the soft patch in global growth during the first three months of 2018. After achieving eight straight quarters of growth at the end of 2017 – the longest streak of expansion […]
