Today, the focus among the investment community will be in Canada, the tenth largest economy in the world. It has a GDP of more than $1.6 trillion. They will focus on the bank of Canada, which will release the interest rates decision. The bank is expected to leave interest rates unchanged at the current 1.75%. […]
Australia is an important country in the Pacific with a population of more than 24 million people and a Gross Domestic Product (GDP) of more than $1.32 trillion. This makes it the 14th largest economy in the world. Other than its scale, Australia is important among the investment community for a number of reasons. First, […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
EURJPY is trading lower after it faced a double top formation on the 126.80 resistance level on April 15 and April 17. The price is challenging today the 50.0% Fibonacci retracement level of the upleg from 123.65 to 126.80 around 125.20, posting a new two-week low. The successful fall below the 20- and 40-simple moving […]
To open long positions on EURUSD, you need: The repeated test of the level of 1.1207 will lead to a breakdown and a further decline of the euro, so buyers should better look at long positions after updating the weekly minimum around 1.1185 or at a rebound from larger support of 1.1149. The main task […]
Crypto Industry News: The “Blockchain Bandit” managed to collect nearly 45,000 ETH by guessing weak private keys, according to a report released today by the Independent Security Evaluators. A senior security analyst, he said he discovered a sophisticated hacker by accident. Guessing the private key is supposed to be statistically unlikely, but thanks to his […]
The dollar index returned to the 97-point area yesterday and the indicator’s growth was rapid, reflecting the situation on the foreign exchange market. Greenback showed character in almost all dollar pairs with the only exception to the USD/JPY pair. Even the pound could not resist the pressure of the American currency, although the British tried […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
Risk Warning: 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]
EURGBP has been steadily rising this month, piercing its short-term simple moving averages (SMA) and the Ichimoku cloud. The bias is still positive as the red Tenkan-sen is trending northward and above the blue Kijun-sen, while the MACD is increasing strength above its red signal line. The RSI is also fluctuating in bullish zone (above 50),though with weaker […]
After having visited numerous cities throughout Malaysia since the beginning of 2019, XM continues its seminar series in many more locations to bring professional forex education in closer proximity to retail investors interested in forex trading. We are pleased to invite all those keen on embarking on high-level forex education to our upcoming seminars in […]
Bank of Canada may not be as dovish as markets expect today US stocks close at new record highs on blockbuster earnings Dollar rallies amid demand for US equities Aussie suffers after disappointing CPIs fuel rate-cut bets BoC: Cautious, but less than markets expect The main event today will be the Bank of Canada (BoC) […]
Crypto Industry News: The second largest stock exchange in the world, Nasdaq, allegedly tests the trade of a Bitcoin-based product, according to an analyst from the strong market analytics service. Cryptopolis, a quantitative analyst at Strong Market, wrote on Twitter that he bought one Bitcoin on Monday through an account at a retail brokerage firm […]
Last week, sales were opened. The current week should be completely closed, as the tool went beyond the weekly move. This fact suggests an increase in the probability of corrective movement up to 90%. We can not talk about the end of the downward medium-term impulse; however, we should expect a corrective growth, the size […]
Throughout the current week, the pair is trading within the accumulation zone formed by the maximum of April and the minimum of yesterday’s low. This allows us to consider purchases in case of a false breakdown of the lower boundary. Sales should already be open after a false breakout of the level of 112.15, which […]
Technical Market Overview: The EUR/USD pair has broken through the trendline as anticipated and made a new local low at the level of 1.1192. The candlestick formation at the low looks like a Pin Bar, which indicates a possible buying activity made by bulls in oversol market conditions. Nevertheless, the move up will be considered […]
On Tuesday, the EURUSD broke down the daily level of 1.1220, however, it met strong resistance from buyers near the long-term low of 1.1180 The main news of the week is on the US economy on Thursday and Friday. We are ready to sell the euro from 1.1180 Alternative: Buy from 1.1265 and then buy […]
AUDUSD is recording its third day of losses with strong momentum, reaching a seven-week low at 0.7026 earlier today. The price plunged beneath the 23.6% Fibonacci retracement level of the downleg from 0.8135 to 0.6746, around 0.7070 and the Ichimoku cloud in the daily timeframe, suggesting a retest of the 0.7000. If the price pauses […]
Technical Market Overview: The GBP/USD pair has broken the technical support zone located between the levels of 1.2960 – 1.2938 and made a new local low at the level of 1.2928 despite a desperate attempt to break through the orange trendline. The main resistance for bulls is currently located at three levels: 1.2977, 1.2996 and […]
The Dollar index has reached major resistance levels and levels seen back in November 2018. Price got rejected at these levels and pulled back towards 94.50 so this time it is very important to see what happens. Short-term oscillators show a bearish divergence warning signal but it is too soon to tell what will happen. […]
Dear colleagues. For the currency pair Euro/Dollar, the next targets for the downward movement are determined from the local structure on April 22. For the currency pair Pound/Dollar, the continuation of the movement downwards is expected after the breakdown of 1.2924 and the upward movement is considered as a correction. For the currency pair Dollar/Franc, […]
Gold price made a new lower low yesterday at $1,266.50 but short-term indicators show that we could see a bounce soon before moving lower. Gold price has broken important support at $1,290-80 area and is targeting $1,250-60 area. Maybe a bounce to $1,280 could come first. Red lines – bullish divergence Blue line -major trend […]
Technical outlook: Yesterday, the EUR/USD pair dropped lower and hit a fresh low below the 1.1226 levels, but managed to stay above the 1.1183 levels. The wave structure is still calling for an aggressive rally, although it is a counter trend towards 1.1300 and up to the 1.1350 levels going forward. The bottom line for […]
AUD / USD pair Yesterday, the Australian dollar was able to close the trading session below the MACD on the daily chart, right on the nested line of the price channel. At that moment, the marlin oscillator signal line went into negative values and the “Australian” has undertaken a decisive decline this morning. The immediate […]
The GBP/JPY pair has failed to stay above resistance at 144.90 which calls for a more firm test of important support in the 143.80 – 144.00 area. This support area must protect the downside for renewed strength through resistance at 145.63 that will call for a rally to 147.00 on the way higher to 148.50 […]
The EUR/JPY pair is testing the support line from 118.72 which is currently located near 125.20. This support should ideally be able to protect the downside for renewed strength through the minor resistance at 125.88 to continue the upward movement to 127.50 on the way higher to 129.30. A breakout below 125.20 will be frustrating. […]
GBP/USD On Tuesday, amid the strengthening of the dollar index by 0.28%, rumors about a break in the inter-party negotiations on Brexit and the possible resignation of Theresa May, the pound sterling lost 42 points. Technically, the reversal took place at the moment when the price touched the balance line of the four-hour scale and […]
EUR/USD As we expected yesterday, the euro fell down. The movement was 62 points at the moment. The price reversal occurred when the signal line of the marlin oscillator touched the neutral line on the daily scale, from the boundary that separates the growth zone from the decline zone. At the same time on the […]
Morning Report: 07.00 London The Australian dollar is dropping heavily after this morning’s CPI data came in below estimates. This may delay potential rate hikes in 2019 and may even open up the possibility of rate cuts. The AUD/USD dropped to within reach of the March lows and is trading at 0.7035. The heaviest selling […]
https://pepperstone.com/en/forex-news/market-review -AUD and NZD slide further vs USD -CAD, MXN and ZAR are also weaker on the day and the week -Dollar index unchanged -China-US trade talks to resume as US officials head to Beijing -Price pressures in Australia appear to be deflating -What the models predict for Friday’s US Q1 GDP release. The overnight […]
