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.

gold

  1. XM
  2. gold
post-image

Forex Market Review (European Session) – Praet keeps euro down while safe havens benefit from North Korean missile test

Posted on July 4, 2017 at 2:31 pm GMT

It was a relatively quiet forex trading session for Europe on Tuesday, as the 4th of July holiday in the US brought down volumes and overall activity. The main news of the day was the test of a long-range missile by North Korea, which led investors to seek the safety of havens such as the yen and gold.  The gains by both the yen and gold were relatively modest however, suggesting that the North Korean action did not unsettle investors [..]

post-image
post-image

Forex Market Review (Asian Session) – Aussie under pressure; geopolitical concerns lift yen

Posted on July 4, 2017 at 7:45 am GMT

The Australian dollar came under pressure against the greenback on the unchanged cash rate by the Reserve Bank of Australia. Meanwhile, the yen got a lift amid geopolitical concerns induced by another North Korea missile test. The euro and sterling were broadly steady against the US dollar. The RBA left its cash rate unchanged at a historic low of 1.5% during its policy meeting earlier today. While this was widely expected by the markets, the aussie was under pressure against [..]

post-image

Forex Market Review (European Session) – US dollar recovers ahead of July 4th holiday; Global manufacturing PMIs paint upbeat picture

Posted on July 3, 2017 at 2:22 pm GMT

The dollar managed to regain a part of its recent losses today, as Purchasing Managers’ Indices from around the world painted an upbeat picture of the global economy. As the dollar strengthened, particularly noteworthy was its break above 113 versus the yen; a 1 ½ – month high for the greenback.  The yen was also near its 1 ½ -year low against the euro as it traded around 128.40.  In Japan, signs of optimism from large manufacturers and services’ companies [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar modestly up; euro falls below 1.14

Posted on July 3, 2017 at 7:49 am GMT

Today’s Asian session saw the dollar broadly advancing relative to other majors, though its gains were limited in nature. China’s Caixin manufacturing PMI positively surprised, pushing the yuan higher, while a negative backdrop could potentially form for the yen after Prime Minister Shinzo Abe’s Liberal Democratic Party lost an election in Tokyo. As Asian traders were completing their day, the dollar index was up two-tenths of a percent at 95.79. The index, which gauges the greenback against a basket of [..]

post-image

Technical Analysis – Gold holds bearish bias; scope for further downside

Posted on July 3, 2017 at 6:41 am GMT

Gold is holding a negative bias in the short-term as prices approach the June 26 low of 1235.74. The market has been making lower highs and lower lows since falling from the June 6 peak of 1295.97. The 20-period moving average has crossed below the 50-period MA, giving a bearish signal. The short-term moving average is pointing down, highlighting the bearish view. Meanwhile, the RSI is below 50 in bearish territory, indicating there is a negative bias in the market. [..]

post-image

Forex Market Review (European Session) – Dollar on course for worst quarter in 7 years; loonie at 10-month high

Posted on June 30, 2017 at 2:47 pm GMT

Today’s European session was a rather busy one in terms of data releases. Final UK figures on first quarter economic growth confirmed economic activity slowing down in the nation, while inflation figures out of the eurozone surprised to the upside but failed to boost the euro. Out of the US, consumer spending and the reading for the core PCE index were among the releases attracting attention. US consumer spending recorded a slight increase in May, rising by 0.1% month-on-month, in [..]

post-image
post-image

Forex Market Review (Asian Session) – Yen, kiwi up; euro volatile ahead of inflation, eyes key data releases

Posted on June 30, 2017 at 8:05 am GMT

During today’s Asian trading session, news and data flow was mostly focused on Japan and China. The yen is up for the third consecutive day relative to the dollar. The euro, sterling and the aussie retraced some of the early gains against the dollar as the Asian session was closing. The upbeat in China’s manufacturing PMI pushed up the aussie against the dollar (as China and Australia are major trading partners) to reach an intra-day level of $0.7712, a more [..]

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