Due to the upcoming International Women’s Day in Russia on 08.03.2023, there will be temporary changes to FXTM’s trading schedule.
Please refer to the table below for the schedule of all the instruments that are subject to changes. If your instrument is not mentioned, that means normal trading will apply for it.
Due to the upcoming US President’s Day and Defender of the Fatherland Day in Russia on 20.02.2023 and 23.02.2023, there will be temporary changes to FXTM’s trading schedule.
Please refer to the table below for the schedule of all the instruments subject to changes. If your instrument is not mentioned, trading will continue as normal.
Are EURUSD bears waking from their slumber?
The EURUSD currency pair on the D1 time frame was in a lengthy uptrend until a last higher top formed at 1.10329 on 2 February. The bears found price attractive at those levels and supply started overcoming demand.
A closer look at the Momentum Oscillator reveals negative divergence between point “a” and “b” when comparing the tops at 1.09294 and 1.10329. This should have alerted technical traders that the bullish momentum could be fading.
US CPI to set the tone for price action
The markets get a Valentine treat this afternoon when we get the release of the US inflation figures for January.
USDJPY bullish momentum on the rise
After breaking through the 15 and 34 Simple Moving Averages, the USDJPY could be gearing up for further upside. Bulls remain hungry and currently eyeing the critical resistance at 132.903. A solid breakout above this point may signal further upside in the medium term.
The USDJPY currency pair on the D1 time frame was in a long downtrend until 16 January when a last lower bottom was recorded at 127.218.
GBPUSD bulls show their strength
The GBPUSD currency pair on the Weekly (W1) time frame was in a remarkably long downtrend until a lower bottom formed on 25 September at 1.03514.
After the last bottom, the bulls stirred after their long rest and started flexing their muscles. The price broke through the 15 and 34 Simple Moving Averages with the Momentum Oscillator following close behind as the price broke through the 100 baselines into bullish territory.
Due to the upcoming Australian Day and Lunar New Year in HK from 20.01.2023 – 26.01.2023, there will be temporary changes to FXTM’s trading schedule. Please refer to the table below for the schedule of all the instruments subject to change. If your instrument is not mentioned, trading will continue as normal.
Market Wrap: Gold, Yen, Chinese Stocks ease; investors digest China and UK data
Markets are relatively quiet overnight after the US exchanges were closed for Martin Luther King Day.
The dollar is trading in a narrow range as it holds near its recent multi-month lows, while 10-year US Treasury yields are rebounding off the 3.4% mark once more.
Due to the upcoming Martin Luther King Day on 16.01.2023, there will be temporary changes to FXTM’s trading schedule.
Please refer to the table below for the schedule of all the instruments that are subject to changes. If your instrument is not mentioned, that means normal trading will resume for it.
USDJPY bears are building momentum
The USDJPY currency pair on the H4 time frame had upward momentum until a last higher top formed at 134.768 on 6 January, close to a weekly resistance level. Sellers then started overcoming buyers with the resulting change in market momentum and structure.
After the higher top at 134.768, the price broke through the 15 and 34 Simple Moving Averages and the Momentum Oscillator sliced through the 100 baseline into bearish terrain.
