On September 23, we organized a trading seminar for our clients from Uganda, covering the most important aspects of forex & copy trading. The seminar took place in Kampala and was hosted by experienced Tradepedia instructor Reino Deetlefs. He guided participants through the basics of financial market, teaching them how to trade smarter using tested […]
GBPUSD has its best day since July Bulls await a close above 1.2300 GBPUSD enjoyed a whopping start to the week, marking one of its strongest days since mid-July to rise as high as 1.2257 on Monday. The technical outlook is looking promising at the moment. The pair confirmed a bullish doji candlestick pattern […]
Amazon is forecast to announce another round of strong results But valuations suggest it remains expensive compared to its peers Results are scheduled for Thursday, after Wall Street’s closing bell Another round of stellar results? Starting as an online bookstore, Amazon is now one of the world’s largest and most diversified firms, with its current […]
Australia’s headline inflation rate probably fell in Q3 But monthly print might be more important after August uptick Can the aussie withstand a selloff from Wednesday’s data (0:30 GMT)? Recent RBA decisions have been a close call The Reserve Bank of Australia’s last few policy decisions have been a close call, but policymakers have nevertheless […]
GBPUSD edges higher today but continues to respect the July 14, 2023 trendline It has been exhibiting lower volatility lately, partly due to busy calendar ahead Momentum indicators could turn more bearish soon GBPUSD is trading higher today and it has been spending its last few sessions in the 1.1957-1.2287 region, respecting the July 14, […]
Microsoft earnings to be released after market close on October 24 Both earnings and revenue expected to jump on an annual basis Valuation remains stretched against its tech peers Solid performance driven by AI initiatives Microsoft has fared relatively well in 2023 amid a broader tech rally driven by the Artificial Intelligence (AI) hype. The second most […]
EUR/USD in neutral zone ahead of ECB policy announcement USD/CAD needs more upside as BoC rate decision looms USDJPY at a critical resistance territory; bunch of US data due ECB policy meeting –> EUR/USD EURUSD is stuck in a sideways trend above its 10-month low, but there is hope for a bullish reversal as […]
US 100 cash index remains under bearish pressure Prepares to test the September lows as geopolitics dictate sentiment Momentum indicators point to a continuation of the current move The US 100 cash index is trying to record its fifth consecutive red candle for the first time since April. The bears continue to take advantage of the […]
On September 23rd, we sent our luckiest clients to the first ever XM exclusive concert featuring the best rock bands in Malaysia. It was an electric evening, with AZLAN & THE TYPEWRITER, MUZZA & THE VELVETONNES, HYDRA & JEMSON each taking turns performing their fabulous live acts. Every time the music roared through the venue, […]
Stock markets get kneecapped by relentless rally in US yields Gold and oil prices lose steam amid lack of geopolitical escalation Euro/dollar stable ahead of key events, yen ignores BoJ reports Stocks get bruised The shockwaves from the seismic rally in US bond yields have started to cause tremors in the stock market. Shares on […]
The ECB rate-setting meeting dominates this week’s busy schedule Market does not expect a rate change; focus on statement and overall rhetoric Decision will be announced on Thursday 12.15 GMT, press conference at 12:45 GMT ECB travels to Greece for another meeting The European Central Bank is holding its penultimate meeting for 2023 on Thursday, […]
On October 7, we held a popular trading seminar in Santo Domingo about support and resistance. During the seminar, participants learned to recognize support and resistance levels for different time frames and for various financial instruments, from stocks and currencies to commodities and cryptocurrencies. In addition, advanced techniques to validate and confirm these levels were […]
Gold surges to a 5-month high on geopolitical tensions Retreats slightly before claiming the 2,000 psychological mark Momentum indicators suggest overbought conditions Gold has been in a steep uptrend after bouncing off its October low, jumping back above crucial technical regions such as the 200-day simple moving average (SMA) and posting a fresh five-month peak of […]
BoC expected to hold rates at 5.0% after surprise fall in CPI But persisting wage pressures mean future hike not off the table Quarterly forecasts also eyed when decision is announced Wednesday, 12:30 GMT No change in rates expected The Bank of Canada looks set to keep its overnight rate unchanged at 5.0% at its […]
USDCHF plummets to one-month low Short-term bias skewed to the downside Sellers could next show up below 0.8890 USDCHF is set to finish the week with notable losses after Thursday’s session developed into a wild bearish ride, squeezing the price below the 0.8980 base and towards a one-month low of 0.8900. The pair is […]
Bitcoin edges higher amid growing optimism on spot ETF approval Cryptos decouple from stocks, defying geopolitical jitters and rising yields Bitcoin reclaims the crucial 200-day SMA Investors count on spot-Bitcoin ETF approval Undoubtedly, Bitcoin is experiencing one of its best weeks in recent months, currently being around 10% up since Monday. This latest rally has […]
Central bank decisions in Eurozone and Canada coming up But FX traders will likely focus more on the US GDP report Is the dollar set to realign with its superior fundamentals? Dollar turns to GDP stats for fuel The US economic machine continues to fire on all cylinders. Shielded by the government’s enormous deficit spending […]
Possibility of weekend escalation in Midde East propel gold and oil higher Powell remarks provide only modest respite to bond selloff, dollar holds steady Stocks continue to struggle as uncertainties rise, Powell keeps rate hike option Simmering tensions keep markets on edge The ongoing conflict in the Middle East continued to weigh on market sentiment […]
EURGBP heads for a strong weekly close Bull run faces another challenge at 0.8740 EURGBP recorded a couple of bullish achievements this week, ascending above the resistance trendline, which halted September’s bull run, and crawling above the 200-day simple moving average (SMA) for the first time since May. The price resumed its bullish momentum on Friday […]
Alphabet is expected to report a nearly 10% increase in revenue Despite latest rally, it remains relatively cheap compared to its peers Results are scheduled to be released on October 24, after closing bell Forecasts point to another quarter of solid results Since the prior earnings season, when Alphabet reported better-than-expected results for Q2, the […]
USDCAD attempts to completely erase its latest pullback On track to test the 6-month peak of 1.3784 Momentum indicators are heavily tilted to the bullish side USDCAD had been in a steady advance since late September, posting a fresh six-month high of 1.3784 on October 5. Although the pair corrected to the downside, it quickly found its […]
On September 30, we were delighted to meet a group of our traders in Santiago, Chile, for a fantastic seminar with renowned trader, analyst, and teacher Facundo Molina on Technical and Fundamental Analysis. The seminar was the perfect opportunity for our clients to expand their trading knowledge and ask all their questions about finding the […]
BTCUSD reclaims crucial 200-day SMA, posting 2-month high Trades flat in the past few daily sessions Momentum indicators are heavily tilted to the bullish side BTCUSD (Bitcoin) had been forming a structure of higher highs and higher lows since its bounce off the September bottom of 24,915. Moreover, the price jumped above the 200-day simple moving average […]
Netflix to rally after upbeat subscription numbers Bullish trend reversal not likely yet Netflix attracted an outsanding number of 8.8 million new net subscribers during the third quarter probably on the back of password sharing restrictions, with its stock trading almost 15% higher during the pre-market hours on Thursday. The price halted its latest […]
USDCAD edges higher today, approaches recent highs Geopolitical developments impact sentiment across the board The momentum indicators complicate the outlook USDCAD is moving higher today, recording its third positive candle and trading a tad above the 1.3704 level. It has been an aggressive upleg since the July 14 low and, despite the correction seen in […]
The US 500 index follows a short-term negative path Approaches key support area. Will the bulls take control? The US 500 stock index (cash) is probably set for another bearish round on Thursday as the technical signals remain gloomy. The RSI has fallen back below 50 and the stochastic oscillator is not yet at […]
Bond yields continue to rise as surging oil prices add to higher for longer case Stocks pressured as higher yields start to bite, earnings disappoint Oil and gold ease from highs but eye more gains amid ongoing tensions in Mideast Markets unsettled by geopolitics as oil rallies Stocks markets fell deeper into the red on […]
On November 25 and December 2, we will host a pair of seminars in Agadir and Casablanca. All our clients (you included) are invited! Under the guidance of our experienced market experts, you will discover how technical and fundamental analysis work, and learn the advantages and disadvantages of each trading approach. In addition, you will […]
Gold violates crucial trendline as geopolitical tensions increase Erases its October decline, marching to a fresh 2-month high Momentum indicators reach overbought levels Gold has been in a steep uptrend after bouncing off its October low, jumping back above crucial technical regions such as the 200-day simple moving average (SMA) and the Ichimoku cloud. Although the […]
WTI oil retains upward move Bulls may retry push higher, but resistance still nearby WTI oil futures could not sustain strength above June’s broken support trendline at 87.50 on Wednesday despite a flash spike to 88.55. The 23.6% Fibonacci retracement of the previous uptrend also proved a heavy obstacle at 88.50. Fortunately, the price closed […]
