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Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]

For online traders willing to continue their educational journey with XM, we organized two forex trading seminars in Thailand this February. Online investors who joined our event in Bangkok on 17 February and in Chiang Mai on 24 February had yet again the opportunity to learn much practical information on the topic of trading multiple […]

Get your daily market and Forex news analysis from leading Forex and market news analysts only at http://www.xm.com/market-analysis-video Professional Forex news analysis on all major currencies: (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF), (USD/CAD), (AUD/USD) Visit http://www.xm.com the international Forex broker. Related Posts:GBP/USD: Will sterling hold steady against dollar? April 15, 2024 The UK economy is recovering from […]

Elon Musk, a billionaire, and entrepreneur known for setting up and running Tesla Motors and SpaceX, on Thursday, February 22, revealed on his Twitter how many Bitcoins he has. This is 0.25 BTC, or about $ 2,478, equivalent to 0.000012% of its total net assets. Musk revealed the number of cryptocurrencies owned, after several false […]

In 2008, the global stocks markets unraveled. The markets which previously seemed unstoppable fell like a cliff. The market crash was attributed to the collapse of the housing market which investors were rushing to buy using risky debts. At the end, millions of people lost their jobs, some of the largest institutions went bankrupt, financial […]

Here are the latest developments in global markets: FOREX: The dollar index was down by around 0.15% as market attention was firmly on Fed chief Jerome Powell’s testimony before Congress. STOCKS: The Japanese Nikkei 225 and Topix indices rallied to finish the day higher by 1.1% and 0.9% respectively, pushing Japanese equities to their highest […]

Financial markets are in a sleeping mode with the hope of awakening with the help of a Fed chairman’s speech this afternoon. Asia limited its activity with zero premises from the currency market. Japanese Nikkei225 has found the strength to increase by 1.07%, but in China, the indexes are losing – Shanghai Composite is lower […]

The Dollar index started weak on Monday but found support at the Ichimoku cloud, at the 38% Fibonacci retracement and at the broken resistance trend line. Red line – resistance trend line (broken) The Dollar index bounced right off support. This support is at 89.50. As long as price is above that level bulls have […]

Gold price got rejected at the $1,342 level yesterday and pulled back towards the short-term $1,330 support by the kijun-sen. Price remains below the Ichimoku cloud in the short-term, implying trend remains bearish, as price could not break above the cloud. Blue line – support trend line Black rectangle – resistance area Gold price reached […]

Morning Report: 07.00 London This morning, the British pound remains under pressure as the ‘Brexitometer’ swings firmly in the EU’s favour. The latest change comes amid ongoing Conservative infighting and a firm stance taken by the EU. The EUR/GBP has risen for the last two days. The EUR/USD is also set for two days of […]

These are the Daily Trading Signals for Tuesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s 1 and 4 hour models are mostly bullish, but outlook shifts to neutral in the long term chart. The 15% long interbank sentiment matches the short and mid term outlooks. All three time scales […]

The EUR/USD pair reached a monthly high of 1.2553 on February, 16th. After this, the pair started declining reaching a low of 1.2257. The monthly low for the pair was 1.2204. The sudden drop in the pair was as a result of the fears that inflation was returning. To traders, inflation is probably one of […]

Jerome Powell is the new Fed chair replacing Janet Yellen after her term expired this month and without doubt market watchers are eagerly waiting to hear whether his views on the economy support the pre-existing monetary policy script. Therefore, Tuesday will see investors turning their ears to Powell’s first major speech in front of the House Financial […]

We would like to inform our clients that the upcoming Italian General Election, which will take place on 4th March 2018, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally. In light of the elections, and in order to protect our […]

GBPUSD posted a red day on Monday, while after the sharp upward rally ended the day below its opening level. The price struggles within the 20 and 40 simple moving averages in the daily timeframe and the short-term technical indicators are bearish and point to more weakness in the market. Looking at the daily timeframe, […]

Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal. As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, a further decline was expected towards 0.6800 (Reversal pattern bearish target). Evident signs of […]

Breaking forecast 02/27/2018 EURUSD: Trade at breakdown. In recent days, there has been a very strong consolidation in EURUSD: the rate is strained in a narrow range of 1.2255 – 1.2360. Events in the euro market last day only confirmed the relevance of these levels. Today starts a series of important news, which will continue […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

Technical outlook: The US Dollar wave (5) drop has been highlighted and presented today with wave counts labeled. It is clear that while the (5)th wave is progressing lower, the index has already unfolded/sub divided into 4 waves, as labeled above. The index might have also completed its 5th of 5th wave drop at 88.25 […]

Technical outlook: The EUR/USD wave (5) of a larger degree has been displayed here with labeled wave counts. As discussed earlier and seen here, the pair has already advanced or sub divided into 4 waves within the wave (5). The last leg might have already been completed at the 1.2550/60 levels, or would terminate towards […]

The ECB’s Coeure spoke in Frankfurt at a working group meeting regarding euro risk-free rates. He said that a reform of reference interest rate will help to underpin good functioning euro area money markets and trust in its related products. He also added that it is vital since monetary policy is initially transmitted through financial […]

Forex Market Reviews: http://thefxlounge.com/#Market-Review -GBP falls back below key $1.40 level. -Asian equities are better overnight. -Markets await the new Fed chairs Capitol Hill appearance. -A sharp drop in NZ exports increases its trade deficit. -South Korean rates on hold for now. -Venezuela catches break on inflation, maybe. The overnight changes and price moves to […]

Wave summary: EUR/NZD has rallied nicely and is headed towards the first more substantial resistance near 1.7100. Once this resistance is cleared, the way higher to 1.7470 and 1.7777 is open. Support is now seen at 1.6850, and the important support is seen at 1.6780. R3: 1.7094 R2: 1.6990 R1: 1.6937 Pivot: 1.6887 S1: 1.6850 […]

Wave summary: EUR/JPY remains lower in the wave (E) of the huge triangle, that has been developing since July 2008. This will keep pressuring EUR/JPY lower, ideally to 123.43 before this huge triangle consolidation finally comes to the end and a new impulsive rally higher can take hold. In the short term, we are looking […]

When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, Spanish Flash CPI y/y, and German Prelim CPI m/m. The US will also release the Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, […]

In Asia, Japan will release the BOJ Core CPI y/y and the US will release some Economic Data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So there is a probability that […]

Price is testing major resistance at 0.9390 (Fibonacci extension, bearish harmonic formation, descending resistance) and a strong reaction could occur at this level to push the price down to the 0.9321 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Sell below 0.9390. Stop […]

Price is approaching strong resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish price action) and a strong reaction could occur at this level to push the price down to the 0.7769 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding reaction could occur. […]

The bears are trying to keep alive the momentum in the index, as it’s struggling to consolidate above the 200 SMA at H1 chart. The support zone of 89.36 remains intact, and a break below it should expose the 87.88 level. To the upside, if a rebound happens at the current stage, the next target […]

GBP/USD gained momentum across the board during the Monday’s session and is consolidating the price action above the 200 SMA; a move which should put in focus the resistance zone of 1.4078 as the next target to the upside. If it manages to break it, then the next step would be the 1.4209 level, while […]