The European Central Bank (ECB) will announce its policy decision on Thursday, at 1145 GMT. No change in either policy or guidance is expected, so price action in the euro will likely be dictated by the signals from President Draghi and other policymakers at the subsequent press conference, at 1230 GMT. Considering the softness in […]
US Crude supported by 67.53 level WTI Crude price action favoured Bears yesterday, after the release of weekly API numbers, which showed a build of nearly 1.1M barrels. Today, at 15.30 GMT, markets will react to the Weekly EIA Crude Oil change which is currently showing a forecast of -2,043M from a previous of -1.071M. […]
Time Warner has been consolidating since November 2017 and has been stuck in a channel tilted to the upside. The positive picture in the medium term is at risk of becoming neutral after prices failed to break the 97.50 resistance level several times in the past. In the daily timeframe, the RSI indicator is sloping […]
Whether you are a new or experienced trader, developing a culture of reading will be invaluable to you. It will help you improve your trading skills and learn from the mistakes of other traders. It will also equip you with the insights you need to know about the markets. Here are some of the best […]
Here are the latest developments in global markets: FOREX: The dollar continued to receive love from US Treasury yields, with the 10-year note spiking to a fresh 3-year high of 3.02% during the early European afternoon, underpinned by concerns of rising inflation and increasing debt supply. Easing trade tensions also lifted investors’ confidence in the […]
The USDCAD pair has returned to the previously broken red trend line and is consolidating in the area around 1.28363. A break higher targets today’s high at 1.28641, followed by 1.28940 and the area of resistance containing the recent highs, starting at 1.29200 up to 1.29300. A move that is sustained over this zone could […]
EURJPY has advanced considerably following the rebound on the 132.10 support level, which coincides with the rising trend line. The ascending movement has been holding since March 23, creating a bullish correction of the major bearish movement in medium-term. During yesterday’s session the pair recorded a new more than two-month high near 133.50, however, currently, the […]
S&P 500 is the biggest index in the world. It has a combined market value of more than $23 trillion. On the other hand, the Dow Jones Industrial Average has a market capitalization of more than $6 trillion while Germany’s DAX has a market cap of less than $1 trillion. As such, S&P is the […]
Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve currency. Both the aussie and the kiwi are 0.45% […]
AUDUSD recorded a stunning bearish rally over the last four trading days, penetrating the medium-term ascending trend line, which has been standing since January 2016. Also, the price posted a fresh more than 4-month low of 0.7569 during today’s early European session. The aggressive bearish correction started after the pullback on the 32-month high of 0.8135 and […]
Started in March this year in Thailand, the spring seminar road trip of XM on CFD trading continued its way, reaching two further cities: Chonburi on 7th April and Korat on 21st April. The topic title The Moving Average Ribbon Technique was presented by acknowledged trading instructor Sompop Jittrakul in both Thai cities, where we […]
The market turned yesterday as the 3% level on the US 10 Year was tested and the 2-10 yield spread climbed from multi-year lows set earlier in the month. This caused some weakness in the USD, although it has regained some strength this morning. Equities were down over 1% yesterday in risk-off markets, with USDJPY […]
The US dollar broke above the 109-yen level for the first time since early February this week, taking the dollar bears, who have been betting on more losses for the beleaguered greenback, by surprise. The sudden shift to a more bullish sentiment, in the short term at least, comes amid a surge in US Treasury […]
The total crypto market cap has exceeded the $400 billion mark for the first time since March 8. This time, the major altcoins are leading the growth, while Bitcoin has demonstrated a moderate dynamic. It is likely that recent optimism has inspired investors, who see altcoins as a cheaper and more comfortable way to invest […]
The Australian Bureau of Statistics (ABS) released the consumer prices data for the first quarter. This is a very important set of data because it tells investors, traders, and policy makers about the status of inflation in the country. The data missed what investors were anticipating. In the quarter, consumer prices rose by 0.4%. This […]
Plane-maker Boeing will be releasing its earnings report for Q1 2018 before Wednesday’s opening bell on Wall Street. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for Aerospace & Defense, its peer group. The Chicago-headquartered firm is forecast to have made $2.58 in earnings per share (EPS) during the first […]
Soybean futures for May delivery have already erased half of their gains made from April 3 to April 14 and are now consolidating losses near three-week lows in the four-hour chart. In the short-term, the downward pattern could remain in place as long as the SMAs trend to the downside and prices hold below them. Still, […]
EURGBP accelerated sharply higher in the previous week but it has struggled to extend its gains over the last hours. The pair remains in a slightly downward-tilting channel, which has been in place since September 2017. The longer-term neutral to bearish outlook was recently confirmed again when the pair touched an 11-month low of 0.8620 on April 16. In the near-term, […]
The Japanese Yen has been weakening following a dovish statement from the Bank of Japan Governor, Hurohiko Kuroda. In an interview, Kuroda said Japan will consider removing its loose monetary policy as soon as inflation meets the 2% target. However, Japan’s latest inflation reading was 0.5% for the 12 months leading to March. Kuroda added, […]
Ebay stock price has been retreating in the past two trading days following the strong pullback on the 43.00 handle on Friday. When looking at the bigger picture the price has been trading higher since June 2016 after its rally from 22.29 support level. In the weekly timeframe, the 50-simple moving average (SMA) is ready for a bullish […]
Here are the latest developments in global markets: FOREX: The dollar index was consolidating around 91.00 in the early European afternoon, its highest level reached since mid of January despite 10-year US Treasury yields retreating further below the 3.0%. Easing geopolitical and trade tensions were also supportive to the greenback as safe-havens continued to lose attractiveness, […]
The GBPJPY pair has dropped back, after breaking the supporting trend line at the 152.100 level last week. The fall lower has found support at the 200-period MA at 150.655 and, today, price has retraced higher to resistance at the 50-period MA at 151.807. A break above this area would retarget the trend line at […]
While the XM seminar series started in Thailand this spring on CFD trading techniques is still ongoing, parallel seminars will be conducted on forex trading as of June. We are glad to announce that the new series of forex trading seminars will be held in Bangkok on 16 June and soon afterwards in Chiang Mai […]
WTI futures have reversed back up again after finding support at the 67.10 barrier achieved on Monday. The price completed two straight bullish weeks and is approaching the three-year high of 69.52. The bullish picture in the short term is further supported by the technical indicators. In the 4-hour chart, the MACD oscillator is rising […]
Gold is one of the most important commodities in the world. While it lacks any significant industrial uses, it has become an important investment for investors and governments. Investors and governments hold gold as a hedge against disaster. They believe that if the world was to be faced with a major disaster, the role of […]
Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday, giving back some of the notable gains it posted yesterday on the back of surging US bond yields. Despite today’s pullback, the dollar index is still trading near a three-month high. Elsewhere, […]
GBPUSD sank aggressively over the last five trading days following the bounce off the 22-month high of 1.4375, which it hit last week. The pair recorded a new five-week low during today’s Asian session of 1.3917. Price action is at the moment taking place not far above this bottom. The RSI has fallen into negative territory but is sloping […]
NZDUSD bucked the trend overnight, as most other currencies managed to retrace some of their declines against the USD. The pair hit fresh lows around the 0.71125 mark after it gapped lower through the 0.72000 level over the weekend. The strength in the USD is continuing to make its mark, but after large moves, a […]
Inflation in Australia failed to meet the Reserve Bank of Australia’s price target in the fourth quarter of 2017, similar to many other major economies, and updates on consumer prices adjusted for volatility early on Tuesday are expected to say the same story, kicking any hopes of a rate hike further into the future. At 0130 GMT on Tuesday, data prepared by the Australian Bureau […]
Tech giant and Google-parent Alphabet is scheduled to release its earnings report for Q1 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, the same as the average consensus recommendation for the Online Services peer group. Alphabet’s quarterly earnings per share (EPS) are anticipated to come in at $9.28 […]
