On September 30, we were delighted to meet a group of our traders in Santiago, Chile, for a fantastic seminar with renowned trader, analyst, and teacher Facundo Molina on Technical and Fundamental Analysis. The seminar was the perfect opportunity for our clients to expand their trading knowledge and ask all their questions about finding the […]
BTCUSD reclaims crucial 200-day SMA, posting 2-month high Trades flat in the past few daily sessions Momentum indicators are heavily tilted to the bullish side BTCUSD (Bitcoin) had been forming a structure of higher highs and higher lows since its bounce off the September bottom of 24,915. Moreover, the price jumped above the 200-day simple moving average […]
Netflix to rally after upbeat subscription numbers Bullish trend reversal not likely yet Netflix attracted an outsanding number of 8.8 million new net subscribers during the third quarter probably on the back of password sharing restrictions, with its stock trading almost 15% higher during the pre-market hours on Thursday. The price halted its latest […]
USDCAD edges higher today, approaches recent highs Geopolitical developments impact sentiment across the board The momentum indicators complicate the outlook USDCAD is moving higher today, recording its third positive candle and trading a tad above the 1.3704 level. It has been an aggressive upleg since the July 14 low and, despite the correction seen in […]
The US 500 index follows a short-term negative path Approaches key support area. Will the bulls take control? The US 500 stock index (cash) is probably set for another bearish round on Thursday as the technical signals remain gloomy. The RSI has fallen back below 50 and the stochastic oscillator is not yet at […]
Bond yields continue to rise as surging oil prices add to higher for longer case Stocks pressured as higher yields start to bite, earnings disappoint Oil and gold ease from highs but eye more gains amid ongoing tensions in Mideast Markets unsettled by geopolitics as oil rallies Stocks markets fell deeper into the red on […]
On November 25 and December 2, we will host a pair of seminars in Agadir and Casablanca. All our clients (you included) are invited! Under the guidance of our experienced market experts, you will discover how technical and fundamental analysis work, and learn the advantages and disadvantages of each trading approach. In addition, you will […]
Gold violates crucial trendline as geopolitical tensions increase Erases its October decline, marching to a fresh 2-month high Momentum indicators reach overbought levels Gold has been in a steep uptrend after bouncing off its October low, jumping back above crucial technical regions such as the 200-day simple moving average (SMA) and the Ichimoku cloud. Although the […]
WTI oil retains upward move Bulls may retry push higher, but resistance still nearby WTI oil futures could not sustain strength above June’s broken support trendline at 87.50 on Wednesday despite a flash spike to 88.55. The 23.6% Fibonacci retracement of the previous uptrend also proved a heavy obstacle at 88.50. Fortunately, the price closed […]
Far right could regain lost votes EU-Swiss talks to resume after election Election impact on Swiss franc could be limited Switzerland rarely makes headlines but the Federal election, which is scheduled to take place on Sunday October 22 might be worthy to have a look even though the impact on the Swiss Franc could be […]
USDJPY edges lower as geopolitical events monopolize market sentiment Calmer sessions recently but there is still high risk of intervention Momentum indicators continue to send mixed signals USDJPY is recording a negative session today as market participants’ attention is mostly on the geopolitical front and the increased risk of another oil price rally. USDJPY has been […]
We are excited to invite all traders in Kuwait who want to improve their risk and money management skills to our event in Kuwait City. On 2 December 2023, XM will host a seminar: Master Risk and Money Management to Safeguard Your Trading Profit. During this indispensable session, you will learn about the importance of […]
EURJPY turns more bullish after rising above 50-day SMA and cloud But 158.60 level proving to be a more difficult obstacle Bigger picture remains neutral EURJPY has gained some positive traction in recent days after clearing both the 50-day simple moving average (SMA) as well as the top of the Ichimoku cloud. However, the bulls […]
Data since the last ECB meeting continue to point to a wounded Eurozone Investors see no more rate hikes and anticipate a series of cuts in 2024 How will Tuesday’s preliminary PMIs (08:00 GMT) affect those bets and the euro? Was ECB’s September hike the last one? At its September meeting, the European Central Bank […]
US retail sales rise more than expected, bolster Fed hike case Pound slides on slowing wages, rebounds on sticky inflation Aussie and kiwi aided by China’s GDP beat; loonie supported by higher oil prices Wall Street ends mixed; gold extends gains on safe-haven flows Dollar receives support, yields surge on US retail sales beat The […]
Tesla stock generates a symmetrical triangle pattern Battles with 50-day SMA ahead of its earnings call on Wednesday Momentum indicators suggest a cautiously negative tone Tesla’s stock has been generating a structure of lower highs but higher lows after peaking at the 2023 high of 298.70 in July. In the near term, the price experienced […]
USDCHF snaps key floor; short-term bias bearish Downside pressure could stay limited above 50-day SMA USDCHF is marking its third consecutive bearish week, having recently enhanced negative risks below the protective 200-day simple moving average (SMA) and the support trendline from July’s lows. The 0.8980-.8995 restricted zone, which had been capping upside movements during April-July 2023, […]
USDJPY edges lower as market focuses on geopolitical events Quieter sessions lately but risk of intervention remains at large Momentum indicators continue to send mixed signals USDJPY is in the red today as market participants’ attention is monopolized by geopolitical developments and the increased risk of another oil price rally. The pair is experiencing a period […]
EURUSD bounces up, tests bullish channel The way above 1.0600 may not be easy EURUSD is re-examining its bullish capabilities after bouncing off the 1.0500 round level on Monday, postponing a return to its recent 10-month low of 1.0447. The price pivoted higher with scope to close above the 20-day exponential moving average (EMA) and […]
AUDUSD rotates higher but short-term bias not bullish yet Current resistance at 0.6360; bulls want a rally above 0.6430 China’s Q3 GDP growth figures could move aussie pairs AUDUSD saw fresh buying interest last week near the falling trendline from March 2023. This has increased optimism for the pair to rise towards the resistance […]
Netflix reports financial results on Wednesday after the closing bell Revenue and earnings set to grow despite stock slide in Q3 Valuation at considerably high levels Poor third quarter jeopardises a solid year Undoubtedly, Netflix has been the best performer in the streaming sector in 2023 as its competitors have been struggling to achieve profitability. The […]
Labour market statistics coming up on Thursday (00:30 GMT) RBA minutes firmly opened the door for a November rate hike Aussie bulls are desperately looking for a push higher against the US dollar RBA paused but minutes tell a different story Conforming with the key central banks globally, the Reserve Bank of Australia kept its […]
Risk aversion eases as diplomatic efforts to end Israel-Gaza war ramped up Gold off highs, while earnings optimism additionally boosts Wall Street Dollar steady as yields resume climb ahead of US retail sales, Fed speakers Mood improves on diplomacy hopes Risk sentiment was notably more buoyant on Tuesday as fears about the unfolding situation in […]
GBPJPY has been steadily declining since its peak at 186.45, hitting a low of 178.00 earlier this month before rising back above 180.00. The resistance trendline from August’s peak came to cancel last week’s bullish action at 183.80, with the technical indicators currently raising doubts as to whether the pair will find enough buyers to rotate higher again. The […]
GBPUSD stuck in a steep decline since mid-July Bounces off seven-month low but fails to post a moderate recovery Completion of death cross could induce downside pressures GBPUSD has been forming a structure of lower highs and lower lows since its 16-month peak of 1.3141. Meanwhile, in the near term, both the RSI and the […]
JP225 cash index hovers below the 50-day SMA Geopolitical developments continue to affect sentiment Momentum indicators on the fence at this juncture The JP225 cash index is trading higher today with the bulls interested in canceling out last Friday’s sizable red candle. It has been a strong short-term upleg from the October 4 low at […]
GBPUSD bears take a breather near a key support line Short-term bias skewed to the downside GBPUSD started the week with small gains, which balanced out Friday’s decline but did not significantly improve sentiment as major resistance levels remain overhead. The technical signals are currently mirroring a cautious mood in the market, with the RSI moving sideways below […]
Gold hits important resistance as geopolitics remain on the forefront GBP/USD has weak technical outlook ahead of key data releases AUD/USD supported near October low; technical picture still fragile Israel-Hamas war –> Gold In response to Israel’s warning, investors sought safety in gold, driving the precious metal up by 3.0% to $1,932 and near its […]
Retail sales in America likely grew at a more moderate pace in September Will the data support a Fed pause in November? Or will it fuel the rally in yields and the dollar when it’s out on Tuesday (12:30 GMT) Is consumer spending starting to cool? The US economy has been chugging along quite nicely […]
Gold surges as Israel carries ground operations inside Gaza Geopolitics and Harker weigh on Fed rate hike expectations Oil rallies as fears of supply disruptions due to the war heighten S&P 500 and Nasdaq slip as geopolitics offset strong earnings results Gold shines as Israel-Hamas tensions flare up Gold surged more than 3% on Friday […]
