EURUSD still finds strong support at 1.0800 AUDUSD posts new 6-month high GBPJPY records extraordinary bullish rally towards uncharted levels [..]
US stocks rally continues after Chairman Powell’s comments French developments and ECB doves keep euro in check China reacts to bond market rally, but real issues persist Kiwi under pressure as RNBZ turns dovish US stocks rally despite Powell’s lack of dovish shift Fed Chairman Powell kept the cards close to his chest regarding the timing of the much-expected rate cut at yesterday’s Senate testimony, but he managed to satisfy the Fed doves by stating that considerable progress has been made [..]
Dollar stays on the back foot ahead of Powell Euro gains ground after French vote Yen steady as BoJ discusses bond purchases Wall Street extends rally, gold pulls back Traders lock gaze on Powell’s testimony The dollar continued losing ground against most of its major counterparts on Monday, gaining somewhat only against the franc and the kiwi. With no major catalysts to drive the world’s reserve currency yesterday, traders may have maintained some of their short positions initiated after Friday’s [..]
Euro/dollar volatility drops aggressively Volatility in commodities increases a tad, apart from oil S&P 500 and Nikkei 225 indices’ volatility jumps Euro/dollar volatility has eased further over the past week as the market is feeling more relaxed after Le Pen’s far-right party failed spectacularly to win the highest number of seats in the second round of the French parliamentary election. Similarly, volatility in yen crosses has dropped a bit as the weaker US data prints have provided some breathing space to the ailing [..]
EURUSD recoups gap and ticks up But technical oscillators indicate negative move EURUSD opened with a negative gap today but successfully quickly recouped it, and has since remained above the 1.0800 round number and the 200-day simple moving average (SMA). The latest negative reversal in the RSI is discouraging, but the indicator is still in an upward move since bottoming out in the oversold region. Additionally, the MACD keeps recovering some distance above its red signal, suggesting that the bulls might have some [..]
US jobs data confirms bets of two Fed rate cuts Dollar slides ahead of Powell testimony, US CPI numbers Euro gaps down as French election results in hung parliament Wall Street at fresh records, gold jumps, oil pulls back US labor market shows signs of weakness The US dollar fell against all but one of its major counterparts on Friday, with the only exception being the Canadian dollar. Although Friday’s jobs data revealed that the economy added more jobs than [..]
EURUSD advances after violation of restrictive trendline Reclaims both 50- and 200-day SMAs Oscillators suggest that bullish forces are strengthening EURUSD has been attempting a recovery from its one-month low of 1.0666, with the price crossing above the downward sloping trendline in place since December 2023. After some volatile sessions, the pair managed to conquer both its 50- and 200-day simple moving averages (SMAs). Should the recent uptick strengthen, the price could initially challenge 1.0874, which is the 38.2% Fibonacci retracement of [..]
French parties race to block Le Pen’s RN Powell testifies before Senate Banking Committee US CPI data to shake Fed rate cut bets RBNZ to leave OCR untouched, focus on language Euro traders keep gaze locked on French election Traders will be sitting on the edge of their seats on Sunday, in anticipation of Monday’s open and what market impact the second round of the French election will have. The far-right National Rally (RN) led the first round last [..]
Dollar slips further ahead of crucial US jobs report Pound marginally higher as Labour crush the Tories in UK election Equities set to end week on a high note, Bitcoin keeps slumping Stakes are high as markets brace for soft NFP After a bit of a wobble last week, stock markets around the world are back in bullish mode following the weak ISM surveys for both manufacturing and services that bolstered expectations that the Federal Reserve will start cutting rates [..]
Gold cheers on weaker business data, but a break above 2,368 is still needed GBPUSD retains positive momentum as the UK election kicks off; eyes on 1.2770 EURUSD resumes recovery mode; aims for a close above 200-SMA [..]
Unfortunately, the product or service you’re trying to access isn’t available in your country.
What would you like to do?
I’d like to view this content despite not being eligible to open an account.
I’d like to visit the website of Trading.com, another entity of the group which is a registered Retail Foreign Exchange Dealer with the Commodities Futures Trading Commission and a member of the National Futures Association.
By choosing either option, I confirm that my decision to proceed was made independently, at my own initiative and no solicitation or recommendation has been made by XM or any other entity within the group.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.