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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 […]

Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future. Related Posts:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily […]

In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3% and […]

GBPJPY holds a neutral bias in the near term after stalling its decline from 152.85 to 146.93. Short-term trend and momentum signals are highlighting the lack of direction in the market and point to a consolidation phase between the key levels of 147 and 149. On the 4-hour chart, RSI and MACD are flat, while […]

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:AUD/USD: Australian dollar remains under pressure April 16, 2024 The absence of significant macroeconomic reports from […]

Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. Although yesterday’s encouraging data on US producer prices and initial jobless claims helped the dollar to […]

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: trading plan for the US session on April 19th… April 19, 2024 In my morning […]

USDCAD is fading the recent rally from the 1.2061 low and is entering a consolidation phase around the 50-day moving average. The underlying bearish trend remains intact but a neutral bias is expected in the near term. A break below the 50-day MA at 1.2454 would find additional support at 1.2420. Near-term risk is tilted […]

On 17th and 18th November 2017, XM will be attending one of the largest money and investment exhibitions of Germany, World of Trading, organized in Frankfurt. The prestigious two-day event will take place on the premises of Forum der Messe in one of the most significant financial and economic hubs of Germany, Frankfurt. World of […]

The pound could not sustain its rally started during the Asian session on Thursday after discouraging comments on Brexit’s progress by the EU chief negotiator pushed the currency down, making it the worst performer among its major peers. The pound’s weakness, as well as US data on PPI and initial jobless claims, gave a lift to the dollar. The fifth round […]

With the open of US markets, the pan-European Stoxx 600 and the blue-chip Euro Stoxx 50 were both trading lower by 0.1% and 0.2% on the day with major blue-chip benchmarks in Europe giving a mixed picture. The FTSE 100 was the brightest spot in terms of performance among main European blue-chip indices. The closely-watched […]

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 – NZDUSD falls to fresh 5-month low April 19, 2024 NZDUSD creates lower lows […]

NZDUSD is shifting out of a neutral phase and the bias is tilted to the upside. The 4-hour chart analysis shows that the market was consolidating near 0.7055 and then rallied towards the 50-period moving average where momentum stalled. But there is room for more upside since the RSI indicator is in bullish territory. A […]

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:Energy in Focus: What news awaits investors on Wall Street April 15, 2024 US stocks came […]

The dollar was mostly in the red against its major counterparts during the Asian session after the FOMC meeting minutes released on Wednesday indicated that Fed policymakers had doubts on the inflation path. In contrast, the euro was on track to post gains for the fifth straight day as Catalonia’s questioned status of independence is likely to clear out next week. On late Wednesday, […]

USDJPY remains rangebound since the beginning of this year although the recent bullish phase that took prices to the mid-113 handle has shifted to neutral as upside momentum ran out of steam. The market appears to be finding support at the 200-day moving average (MA) and falling below 111.84 would mean a short-term top is […]

The dollar was the worst performer during the European session on Wednesday as both geopolitical risks and uncertainty over Trump’s fiscal policy dragged the currency lower against other major currencies. Comments by the Chicago Fed President, Charles Evans, and disappointing readings on JOLTS job openings added further losses to the greenback. On the other hand, the euro was performing the best as the absence of a […]

Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government […]

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 of GBP/USD on April 25th. The dollar suffered a… April 25, 2024 For the GBP/USD […]

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:Will the euro manage to save itself? April 17, 2024 The euro managed to find its […]

EURJPY maintains a neutral short-term bias and has been trading in a range late September. The consolidation phase is expected to continue due to the lack of clear direction in the market. Looking at the 4-hour chart, the recent uptick in RSI indicates the easing in downside pressure as EURJPY moved to the upper end […]

The Asian session was relatively quiet on Wednesday as economic releases were limited. Following a stressful day in Spain, where Catalonia’s independence was put on hold, the euro remained strong above the 1.18-key level overnight, while the dollar was under pressure against its peers amid escalating geopolitical risks and fears of tax overhaul failing to turn into law. While […]

AUDUSD is up 0.8% after reversing on Friday from 3-months lows. The pair still looks bearish in the short term but downside momentum has paused just above the 50% Fibonacci retracement of the upleg from 0.7328 to 0.8124.  Strong support is expected at this level at 0.7724. Resistance levels appear at 0.7818 and 0.7935. Any gains above […]

The dollar tumbled to just a shade above the 93 key-level against a basket of major currencies in the wake of news that North Korean hackers had stolen military documents from the South Korean defence ministry in September 2016, including South Korean/US war plans which involved to some part the formation of a military unit […]

At 1507 GMT, the pan-European Stoxx 600 index was trading 0.1% on the day but still not far away from the near 12-week high of 391.09 that was recorded last week. The blue-chip Euro Stoxx 50 was deeper in losses, being down by 0.4%. The Spanish IBEX 35 traded 1.2% lower as European markets were […]

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 – GBPCAD hits a wall but bulls not ready… April 17, 2024 GBPCAD keeps […]

This November XM will be back to Latin America, to offer traders a free forex trading seminar with free participation in as many as three cities: in Mexico City and Monterrey, Mexico, and in Bogotá, Columbia. After having visited Mexico City, Mexico, with an educational event in June this year, XM will be hosting a […]

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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the […]