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Markets turned their focus on China on Wednesday, as China’s President Xi Jinping welcomed the biggest political event in the country, the Communist Party Congress, which plays a key role in the global economy. Meanwhile, the announcement of NAFTA talks extending to next year gave room for improvement to the Canadian dollar and to the Mexican peso. The Chinese President […]

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 […]

AUDUSD maintains a soft undertone and the neutral to bearish technical indicators are supporting the bearish view for the short term. The downward move from the 0.8124 peak is still in progress after the recent bounce off 0.7732 reversed back down as prices found resistance at the 50-day moving average. AUDUSD may be forming a […]

Sterling took a tumble on Tuesday after Bank of England officials appeared more cautious than anticipated in supporting policy tightening even as UK inflation rose to a 5½-year high in September. The US dollar enjoyed a second day of solid gains as investors speculated that President Trump was considering appointing an inflation hawk as the […]

UK inflation in September rose to a 5 ½ -year high according to the Office for National Statistics, gaining one percentage point above the BOE’s 2% target and igniting speculation that a rate hike could emerge in the BOE’s November meeting. However, the pound could not sustain the uptick triggered by the data, giving away its gains, after the […]

With the open of US markets at 1330 GMT, the Stoxx 600 was trading marginally higher. The pan-European index fluctuated within a relatively narrow range during today’s trading, having reached a fresh near four-month high of 392.42 earlier in the day. The FTSE 100 reversed morning losses to trade in the green after comments by […]

WTI oil futures have shifted to a bullish phase and are making a steady recovery after breaking above the key 50.00 level. On the 4-hour chart, the crossover of the 20-period moving average above the 50-period MA highlights the bullish bias. Momentum indicators are positive. The rise from the October 6 low of 49.07 is […]

EURGBP has reversed back down again after finding resistance at a four-week high of 0.9032 last week. This top is just above the 50% retracement of the downleg from August’s 8-year high of 0.9306 to September’s 3-month low of 0.8745. Momentum indicators are pointing to a neutral to negative bias in the short term with […]

In Japan, the Nikkei 225 and the broader Topix advanced by 0.4% and 0.2% respectively, hitting fresh multi-year high closes, though gains were more limited relative to previous trading days. Hong Kong’s Hang Seng finished marginally higher and the Shanghai Composite edged down by 0.15%. The South Korean Kospi added 0.2%, with Australia’s S&P/ASX 200 […]

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:Outlook for GBP/USD on April 12. The pound once again failed… April 12, 2024 Analysis of […]

XM has recently joined forces with ActionAid to help the organization’s international Child Support Program dedicated to improving the life standard of children across the world. Caring about and making a difference to the lives of those in need has always been part of our corporate social responsibility. For XM, just like for ActionAid, it […]

On Tuesday, the dollar drifted higher in Asia on speculations that a hawkish Fed candidate impressed the US President. On the other hand, the Australian dollar dipped into losses after the RBA meeting minutes reiterated concerns on overloaded household debt. Markets were surprised to hear on late Monday that the Stanford Economist, John Taylor, who was in […]

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 – ETHUSD finds support at 50-day SMA April 11, 2024 ETHUSD slides after recording 1-month peak But […]

After a successful forex trading seminar in Manila this summer, XM returned to the Philippines, and this time to Davao City and Cebu City, to offer high-level education to online investors. On 30th September, we were glad to welcome many of our existing and new clients at Seda Abrezza Hotel in Davao City, and just […]

GBPUSD has turned neutral in the near term after the recent bounce from the key 1.3000 area. It remains to be seen whether the market is making a lower top at 1.3337 and will continue the bearish phase from the 1.3656 peak. Risk is still tilted to the downside and further weakness is expected since […]

With Fed chair Janet Yellen being confident that inflation measures will move towards the Fed’s 2% target in the upcoming months and business conditions improving the most in three years in October according to a survey conducted by the New York Fed, the dollar index managed to gain 0.12% on the day, climbing to a […]

At 1330 GMT and as US traders were beginning their trading day, the Stoxx 600 was roughly flat relative to where it closed on Friday, having reversed earlier gains that saw it record a four-month high of 392.42. Basic materials was the pan-European index’s best performing industry sector on a day when copper prices rallied, […]

Weekly Technical Analysis of the Forex Markets – to guide your trading using technical indicators such as moving averages, RSI, Fibonacci, Ichimoku. Related Posts:Weekly Technical Outlook: 15/04/2024 – GBPUSD, USDJPY,… April 15, 2024 Our weekly #TechnicalAnalysis looks at the key events that are…Weekly Technical Outlook – GBPUSD, USDJPY, AUDUSD April 15, 2024 Will UK CPI […]

EURCHF has stalled its uptrend recorded between October 2-12, stretching below the 1.15 key level and the 50-period exponential moving average. The short-term bias has turned bearish in the 4-hour chart according to technical indicators. Both the RSI and the MACD give bearish signals as the former has dropped below its neutral zone, while the […]

14th October 2017 marks one of the latest important milestones in our corporate company history: XM’s much anticipated annual gala event took place in Kuala Lumpur, which we organized to celebrate the fifth consecutive year of XM’s presence in Malaysia. No other setting than the alpha world city of Kuala Lumpur could have better matched […]

Equities in Asia were rising for the most part. In Japan, the Nikkei added 0.5% and the nation’s broader equity gauge, the Topix, gained 0.6%, both renewing the multi-year high closes set during the previous week; the Nikkei and Topix finished today’s trading at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng […]

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:Analysis for EUR/USD on April 15th. Monday – a tough day for… April 15, 2024 The […]

Gold is tracking higher after bouncing from the 1260.5 low and prices have been rising steadily since October 6. There is room for a further extension higher after a bullish signal was given by the crossover of the 20 and 50-period moving averages on the 4-hour chart. While risk is tilted to the upside, the […]

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 […]

The euro was on track to post a third consecutive red candle in Asia after Austrian national elections during the weekend heightened political risks in Europe, while markets are eagerly anticipating what the Catalan leader will say today before his deadline. On the other hand, the dollar managed to edge up against a basket of major currencies […]

We would like to inform our clients that the upcoming Japanese General Election, which will take place on 22nd October 2017, 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 […]

EURUSD is neutral since the end of September after pulling back from 1.2091, the highest level since December 2014. The pair is consolidating below 1.1900 around the 50-day moving average. Near-term risk is tilted to the downside with immediate support at 1.1660. EURUSD is expected to remain soft. The recent recovery from the 1.1660 area […]

While market watchers expected today’s US inflation report to give a clearer picture of the inflation path amid concerns whether subdued inflation is temporary or persistent, uncertainties over the direction of inflation increased after US consumer prices disappointed analysts, reducing the odds for a third rate hike before the end of the year. The widely-expected data on US […]

Next week’s economic releases, which includes UK inflation figures, can determine the future path of monetary policy for major economies, while political events, such China’s five-yearly Communist Party Congress commencing on Wednesday, perhaps have the capacity to steer developments for the years to come. Chinese Party Congress, Japanese trade data and elections further ahead and […]

US indices were again trading in record-high territory on Friday as the Dow was up by around 0.2% to 22,882 and the S&P 500 was up by 0.1% at 2,553. The Nasdaq Composite was also up by 0.3%. In Europe, the picture was more mixed as a little before the close, the Stoxx 600 was […]