XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

EURUSD

  1. XM
  2. EURUSD
post-image

Technical Analysis – EURUSD posts shooting star candle at long term downtrend line

Posted on December 16, 2019 at 12:01 pm GMT

EURUSD’s attempts to climb above the downtrend line – drawn from September 2018 – are finding significant downside pressure around 1.1145, which is the 50.0% Fibonacci retracement of the down leg from 1.1411 to 1.0878 and where the upper-Bollinger band and 200-day simple moving average (SMA) also reside. The pair seems to be struggling with the 1.1145 to 1.1208 region of resistance, which may now have been reinforced by the shooting star. The short-term oscillators suggest that positive momentum is [..]

post-image

Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:33 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equity rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

post-image

Daily Market Comment – Relief as US and China finally agree ‘phase one’ deal but euphoria already fading

Posted on December 16, 2019 at 9:28 am GMT

US and China reach a deal on a ‘phase one’ trade deal but details fail to impress Equities rally eases as euphoria begins to fade; yen extends losses Flash December PMIs in focus in Europe and US US and China confirm an interim deal The United States and China confirmed reports on Friday that a ‘phase one’ trade deal had been agreed by the two sides, ending weeks of speculation about whether a preliminary accord was possible before the end [..]

post-image

Technical Analysis – EURUSD posts shooting star candle at long term downtrend line

Posted on December 16, 2019 at 9:23 am GMT

EURUSD’s attempts to climb above the downtrend line – drawn from September 2018 – are finding significant downside pressure around 1.1145, which is the 50.0% Fibonacci retracement of the down leg from 1.1411 to 1.0878 and where the upper-Bollinger band and 200-day simple moving average (SMA) also reside. The pair seems to be struggling with the 1.1145 to 1.1208 region of resistance, which may now have been reinforced by the shooting star. The short-term oscillators suggest that positive momentum is [..]

post-image

Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:47 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]

post-image

Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:38 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

post-image

Eurozone flash PMIs eyed amid some signs of green shoots – Forex News Preview

Posted on December 13, 2019 at 8:22 am GMT

Flash PMI indicators for December will be watched out of the Eurozone on Monday (09:00 GMT) as they could provide more tepid signs of recovery in the euro area. As the year draws to a close, there’s hope the worst is over for the struggling Eurozone economy, though it may be too early to judge whether worse pain is still to come. In the meantime, it may be difficult for the euro to post a convincing uptrend and could be [..]

post-image

Daily Market Comment – Britain votes; Lagarde makes her ECB entrance

Posted on December 12, 2019 at 10:05 am GMT

UK election firmly in the spotlight as voting begins – results early on Friday ECB meets today, though any major market reaction is unlikely Fed signals no rate cuts in 2020, but Powell still talks the dollar down Brits elect their new government – lopsided risks for pound? The day of political reckoning has finally arrived for the United Kingdom. The much-anticipated general election will be held today, and the result will decide what form Brexit takes, whether there’s a [..]

post-image

Daily Market Comment – Fed meets, new ‘dot plot’ could lift dollar

Posted on December 11, 2019 at 9:21 am GMT

Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the Federal Reserve today, which will conclude its policy meeting at 19:00 GMT. After slashing rates at the last three meetings, policymakers are now expected to [..]

post-image

Fed meeting: No fireworks, focus on the ‘dots’ – Forex News Preview

Posted on December 10, 2019 at 2:32 pm GMT

The Fed will announce its policy decision on Wednesday at 19:00 GMT. Having slashed rates at its last three meetings, no action is expected this time, so the dollar will take its cue from the signals about future cuts and specifically, from the updated ‘dot plot’. With markets still pricing in a full rate cut by November 2020, a dot plot that shows an unchanged Federal funds rate next year could come as a ‘hawkish’ surprise and by extension, lift [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.