XM Global (aka XM) is a globally renowned forex broker, suitable for all levels of forex traders. With trading accounts accessible from as little as a $5 deposit, XM makes it very easy to get started. They also offer a range of trading accounts, catering to even the most professional traders.    XM Global – […]

The AUDUSD is trending to the downside today, and has broken below the hourly 21.4% fibo level. The next support lies around the 0.7820 level (38.3% fibo), and below that lies the 0.7800 support (50%). The AUD has seen recent upside despite disappointing economic data out of Australia recently. Currently AUDUSD is trading around 0.7830.

The Federal Reserve Bank of Minneapolis President Neel Kashkari spoke on the current state of America’s labor market, saying that it is in a “deep hole” and will need substantial support to continue healing from the pandemic. According to Kashkari, the U.S. is 8-10 million jobs below where levels were before the pandemic hit.    […]

AUD Retail Sales s.a. (MoM)(Mar) 1.3% actual, 1.4% consensus AUD National Australia Bank’s Business Confidence (Apr) 26 actual, 15 previous AUD National Australia Bank’s Business Conditions (Apr) 32 actual, 25 previous

USD Forex Outlook Following negative data towards the end of the week, the USD did not perform well and was one of the weaker major currencies. Despite its 978K consensus, the Non Farm Payroll data had an actual of 266K with a deviation of 3.51. More data disappointed last week, including the ISM Manufacturing and […]

Happy Cinco De Mayo for yesterday! With the day wrapped up lets go over what happened in FX Markets. USD The USD remains on the back foot despite mostly positive data. Federal Reserve Mester has stated he is not too concerned over inflation issues, however the factors that kept inflation low have not gone away […]

CHF Consumer Price Index (MoM)(Apr) 0.2% actual, 0.2% consensus CHF Consumer Price Index (YoY)(Apr) 0.3% actual, 0.3% consensus

  Self-analysis to determine if you are in a state of mind to trade   Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to […]

Although New Zealand has been successfully managing the pandemic, Reserve Bank governor Adrian Orr said that vulnerabilities in the financial system remain. This comes after the central bank released its six-monthly Financial Stability report.  Public health measures, monetary and fiscal policy support contributed to preventing business failures and a substantial rise in unemployment. However, despite […]