CHFJPY rally stalls after hitting record levels back in August But pair recovered last week, and remains in a clear uptrend If buyers push to new records, the focus would turn to 170 region CHFJPY enjoyed a massive surge this year, cruising to new all-time highs. This rally stalled in September and prices corrected […]
Gold extends rebound, tries to overtake 100-period SMA But risk that rally is becoming overstretched Gold climbed to a near two-week high on Wednesday, briefly hitting 1,874.65, as the rebound from the seven-month low of 1,810.31 continued to gain traction. The momentum indicators point to an ongoing positive bias in the short term, but there […]
In September, we launched a new series of trading seminars for our South African clients, covering the most important aspects of Forex & copy trading. The seminars took place in Durban (09 September), Johannesburg (13 September) and Cape Town (16 September). Tradepedia Expert Reino Deetlefs himself guided participants through the basics of financial market, teaching […]
Fed’s Bostic and Kashkari join the ‘no more hikes needed’ camp PPIs and Fed minutes on tap ahead of tomorrow’s CPIs Aussie and kiwi helped by China stimulus reports Wall Street rebounds as Fed hike probability falls Fed dovish chorus grows louder The US dollar continued drifting lower against most of the other major currencies […]
Tesla expected to report sharp decline in earnings for Q3 Valuation is still stretched, leaving stock price vulnerable Earnings to be released after market close on October 18 Tesla slashes prices For most of this year, Tesla has been cutting the price of its vehicles in an attempt to stimulate demand. The company also […]
EURUSD eases bullish tone near major obstacle Holds within bearish channel ahead of FOMC minutes Bulls need to drive above 1.0760 to brighten outlook EURUSD has been muted around the 1.0600 level during the early European trading hours on Wednesday after five consecutive bullish days. The pair is having a positive week, but the […]
NZDUSD trades sideways amidst geopolitical developments The current short-term upleg started when NZDUSD failed to break 0.5870 Momentum indicators are somewhat supportive of the current move NZDUSD is trading sideways today after registering five strong green candles. It tested the 0.5870 level multiple times during September, but it failed to break it thus fuelling the […]
USDJPY edges higher as market is focusing elsewhere A sense of calm after last Tuesday’s tumultuous session Momentum indicators sending mixed signals USDJPY is in the green today as market participants have turned their focus on geopolitical developments. This relative calmness comes after last Tuesday’s turbulent session that was assumed to be the result of intervention from the […]
Natural gas futures reach caution area Market structure sends encouraging signals Natural gas futures (November delivery) have been gently trending up since April’s 32-month lows, marking new higher highs and higher lows at a soft pace. The recent upturn in the price brought the January 2023 resistance territory of 3.40 under the spotlight. Interestingly, this is […]
Latest Chinese data offer signs of stabilization Inflation and trade numbers may corroborate that view But the slump in property market continues to cast a shadow The releases are scheduled for Friday, during Asian trading Is the Chinese economy bottoming out? Following a temporary boost just after the removal of COVID-related ultra-restrictive policies, the Chinese […]
Higher yields prompt a rethink at the Fed as policymakers turn cautious But less hawkish tone pushes yields lower, boosting equities Ongoing tensions in Middle East further pressure yields, keep gold supported Oil slips slightly while dollar braces for more Fed speak, CPI data Fed has second thoughts about additional tightening As markets wait anxiously […]
GBPUSD pauses upturn from seven-month low Short-term signals are improving but threats exist GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance line from July. Encouragingly, the technical indicators keep pointing upwards, with the RSI further distancing itself from its 30 oversold […]
EURJPY re-enters recent range after minor slump Held down by 50-day SMA and Ichimoku cloud Momentum indicators suggest a neutral-to-negative tone EURJPY has been in a prolonged uptrend since the beginning of the year, posting a fresh 15-year peak of 159.75 on August 31. Since then, the price has been trading without a clear direction around the […]
EURUSD consolidates recent gains within bearish channel There is potential for more upside, but a close above 1.0640 required EURUSD opened with a slight negative gap at 1.0549 on Monday due to the unexpected war situation in Israel, staying below the 20-day exponential moving average (EMA) and the 1.0600 level. After eleven weeks of decline, […]
Silver prices fall sharply following the break of a triangle Outlook has turned negative, confirmed by ‘death cross’ Psychological level of 20.00 might be next obstacle for sellers Silver prices fell without a parachute in recent weeks, hitting their lowest levels since March after breaking a triangle pattern to the downside. The violation of […]
USD/JPY resilient above key support as US CPI awaited UK GDP to rise, but will GBP/USD extend rebound? Tensions in Middle East boost oil, but key resistance overhead US CPI –> USD/JPY Friday’s US jobs data backed the “higher for longer” era in the monetary world, with the focus turning now to the next CPI inflation […]
The US 500 cash index jumped decisively higher on Friday The index bounced off the October 13, 2022 trendline The momentum indicators could be close to supporting a reversal The US 500 cash index is trading sideways today, a much quieter session amidst the Columbus Day holiday. Market participants have the chance to digest Friday’s […]
· USD/JPY resilient above key support as US CPI awaited · UK GDP to rise, but will GBP/USD extend rebound? · Tensions in Middle East boost oil, but key resistance overhead 0:00 Intro 0:41 USDJPY 3:16 GBPUSD 5:34 WTI Oil Risk Warning: Our services involve a significant risk and can result in the loss of […]
Dollar stabilizes ahead of FOMC minutes and US inflation report Inflation expected to cool further – is the Fed done raising rates? Minutes due at 18:00 GMT Wednesday, inflation 12:30 GMT Thursday Dollar sizzles The US economy continues to display impressive resilience. Economic growth accelerated over the summer and is projected to have reached an […]
Israel-Hamas war pushes up oil prices amid risk of wider conflict Dollar, yen and gold rise too as investors rush to safety Fed rate hike odds reverse NFP boost; US CPI, Fed speakers eyed next Middle East violence sparks turmoil Markets woke up to the worst flare-up of violence between Israel and Palestine in 50 […]
Earlier this September, Morocco was struck by tragedy and pain and the last thing we wanted was to remain idle to its people’s suffering. That’s why XM rolled up its sleeves, acted fast, and gave its support to everyone in need. We donated to the Moroccan non-profit food bank Banque Alimentaire, gave as many blankets, […]
Gold jumps higher on the back of geopolitical risks This is the first reaction from the bulls after the strong sell-off Upleg could have legs if momentum indicators align Gold is trading higher today as the bulls are trying to recover part of the significant losses incurred during the nine consecutive red candles that pushed […]
GBPUSD loses 0.7% after upbeat nonfarm payrolls Signals mixed; bulls might have a tough task GBPUSD trimmed earlier gains and turned negative on the day after the US jobs growth beat estimates by a large margin. Thursday’s support area of 1.2100 is currently buffering downside pressures. If that floor collapses, the price could tumble to 1.2000, […]
BoE keeps rates unchanged, citing slowing UK economic activity Data since then corroborate the gloomy picture Upcoming indicators include monthly GDP and industrial production Will the pound weaken after they come out on Thursday at 06:00 GMT? UK business surveys ring the recession alarm bells At its latest gathering on September 21, the Bank of […]
US CPI report and Fed minutes to take centre stage. Will they fuel or dent the rally in yields and the dollar? Chinese inflation and UK growth data to also be eyed. Otherwise, a quieter week awaits with Monday a holiday in the US. 0:00 Intro 0:20 US CPI 2:44 Fed minutes 3:50 UK data […]
Bitcoin defies spiking yields and equity market rout Faces strong technical rejection at the 200-day SMA Regulatory crackdown persists, all eyes on FTX trial Cryptos exhibit resilience in adverse macro environment The last few weeks have been characterised by risk off sentiment in financial markets as the Fed has repeatedly stated its intention to keep […]
EURUSD stages another bull run within bearish channel Bulls need to push above 200-EMA to gain control EURUSD has been moving in an upward path since pausing its downtrend at a ten-month low of 1.0447 and at the lower boundary of the two-month-old bearish channel. In the four-hour chart, the pair is looking for a clear close above […]
US CPI report and Fed minutes to take centre stage Will they fuel or dent the rally in yields and the dollar? Chinese inflation and UK growth data to also be eyed Otherwise, a quieter week awaits with Monday a holiday in the US US headline CPI could rise again As speculation about whether […]
Nonfarm payrolls coming up, forecasts point to a solid report Dollar winning streak set to extend to 12 weeks if data is solid Gold stabilizes as yields calm down, but oil prices crash Nervous markets brace for nonfarm payrolls A fragile sense of calm has returned to global markets ahead of the latest round of […]
Learn how to take advantage of trends using moving averages with our expert educator Jonathan Reyes at our upcoming grand seminar in Manila! You’ll discover how to identify strong trending markets, determine entry and exit levels and manage risk using moving averages. Event details: City: Manila Date: 11 Nov 2023 Time: 10:00 – 14:00 local […]
