CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money before trading CFDs.

Market Analysis

USD/JPY at Risk of Further Losses

May 27, 2022

USD/JPY started to decline after breaking below support at 128.80. Bearish trend line has formed resistance near 127.65. The US Dollar, Japanese Yen pair started a fresh decline from well above...

Corn Continues to Trade at Six Week Low as Planting Picks up Pace

May 27, 2022

Corn price is trading at its lowest level in about six weeks. Improved pace of planting and waivers related to the summer gasoline blend are the key bearish drivers. In the WASDE Report released...

Crude Oil Likely to Rise

May 26, 2022

The Crude Oil price continues to trade above $109.00. Bullish trend line has formed support near $108.50. The Crude Oil, US Dollar price corrected lower after testing resistance near $113.20. XTI/USD...

What Next For Turkish Lira After The Recent CBRT Meeting?

May 26, 2022

The Turkish lira continued its downward trend ahead of the upcoming interest rates by the Central Bank of the Republic of Turkey. The USD/TRY pair rose to a high of 16.36, which was the highest level...

Within a Weekly Bullish Channel, Silver (XAG/USD) Drops Below 22.00 USD

May 26, 2022

Talking Points: XAG/USD accepts trades to extend the previous day’s decline from the two-week high and renews the daily low. Within a one-week-old ascending channel, a three-day-old descending...

EUR/GBP Looks Set for Further Gains

May 25, 2022

EUR/GBP started a fresh climb after testing support near 0.8430. Bullish trend line has formed support near 0.8460. The Euro, British Pound pair started to climb from below the 0.8440 level. EUR/GBP...

GBP/USD Continues to Recover

May 24, 2022

GBP/USD started an upside correction from below 1.2200. Bearish trend line broken with resistance near 1.2460. The British Pound, US Dollar pair started to recover after breaking above the 1.2300...

Despite Strong Japan PMI Figures, the GBP/JPY Pair Recovers Slightly

May 24, 2022

Talking Points: On stronger Japan PMI, the GBP/JPY has recovered a little after falling to around 160.30. To address the inflation problem, the Bank of England (BOE) is likely to raise interest rates...

How The Strengthening Euro is Beginning To Impact The DXY

May 24, 2022

The US dollar index  has retreated  as constituent currencies retreated. DXY is trading at $102.30, which is about 2.16% below the highest level this year. It still remains about 8.12% above the...

Can EUR/USD Continue its Recovery?

May 23, 2022

EUR/USD started an upside correction after testing support near 1.0350. Bearish trend line broken with resistance near 1.0490. The Euro, US Dollar pair started to recover from below the 1.0400 level....

On Stronger Sentiment and a Weaker USD, XAU/USD Bulls Approach the 1,860 USD Mark

May 23, 2022

Talking Points: Inside a five-week bullish chart setup, XAU/USD defends its first weekly gain in five weeks. The USD is under pressure ahead of the Federal Open Market Committee (FOMC) Minutes due to...

What Lies Ahead This Week for U.S Major Indices?

May 23, 2022

Wall Street’s three main indexes weakened last week as surging inflation and rising interest rates continue to keep investors in a negative mood. Recent disappointing forecasts from big retailers...

USD/JPY Could Drop Back Below 127.00

May 20, 2022

USD/JPY started a downside correction after testing resistance near 131.50. Bullish trend line broken with support near 129.40. The US Dollar, Japanese Yen pair started downside correction after a...

U.S Major Indexes Woes Continue, Can They Recover?

May 20, 2022

US stocks continued to sell off on Thursday as a volatile trading day ended with the major indexes down again. After closing lower by 4% on Wednesday, the S&P 500 gave up late gains to close 0.6%...

USD/CAD Could Decline Further

May 19, 2022

USD/CAD started to decline after testing resistance near 1.3080. Bearish trend line has formed resistance near 1.2860. The US Dollar, Canadian Dollar pair started to decline from above the 1.3000...

Crude Oil Demand Set to Intensify as American Summer Holidays Approach

May 19, 2022

Crude oil price has bounced off  Tuesday’s lows following an improved demand outlook. Brent futures are back above $113.00 per barrel to $113. 55 as at 08:12 a.m GMT. At the same time, WTI futures...

Will AUD/USD Continue to Recover?

May 18, 2022

AUD/USD started to recover after testing support near 0.6828. Bullish trend line has formed resistance near 0.6970. The Australian Dollar, US Dollar pair started to recover from below the 0.6850...

Litecoin (LTC) Is Ready for a Speedy Rebound

May 18, 2022

Talking Points: LTC is trading around 72.8 USD, indicating a speedy return to the norm. If LTC can break through the 82.3 USD barrier, bulls can expect a 30 % increase. The bullish premise will be...

After Strong Employment Data Release, What’s Next for EUR/GBP?

May 18, 2022

EUR/GBP reacted the most to the better than expected UK employment data. Earlier today, the Claimant Count Change and the Unemployment Rate declined more than the market expected, triggering a rally...

GBP/USD Corrects Higher

May 17, 2022

GBP/USD started to correct upwards after testing support at 1.2150. Bearish trend line broken with resistance near 1.2250. The British Pound, US Dollar pair tested support near 1.2150 before...

The AUD/JPY Pair Witnessed Additional Upside

May 17, 2022

Talking Points: On Reserve Bank of Australia (RBA) Minutes, AUD/JPY receives trades to refresh intraday highs. According to the Minutes, policymakers also discussed a rate hike of 40 base points...

Will the USD/CHF Continue its Strong Bullish Trend?

May 17, 2022

The Swiss franc relentless crash continued on Monday. The USD/CHF pair has risen in the past seven straight weeks and is trading at the highest point since May 2019. Similarly, the EUR/CHF pair has...

EUR/USD at Risk of Further Losses

May 16, 2022

EUR/USD started a fresh decline after testing resistance near 1.0640. Bearish trend line has formed resistance near 1.0470. The Euro, US Dollar pair continues to trade below the 1.0800 level. EUR/USD...

Gold (XAU/USD) Eyes Previous Support Around 1,830 USD

May 16, 2022

Talking Points: XAU/USD maintains its rebound off a three-month low despite a cautious outlook. As softer data joins Powell’s 50 basis point (bps) rate hike forecast, the US Dollar Index (DXY)...

What is in Store For The Nasdaq and S&P This Week After Fridays Gains?

May 16, 2022

Wall Street’s three main indexes advanced on Friday after Federal Reserve Chair Jerome Powell said that a 75 basis point increase is not being “actively” considered. Federal Reserve Chairman...

Can Bitcoin Recover From its Recent Slump?

May 13, 2022

Bitcoin BTC/USD is by far one of the largest cryptocurrencies in terms of market capitalization.Many cryptocurrencies have been inspired by it, and some are even utilizing it for various use-cases....

AUD/USD Could Decline Further

May 13, 2022

AUD/USD started a fresh decline from above the 0.7250 level. Descending channel has formed support near 0.6750. The Australian Dollar, US Dollar pair corrected higher after testing support near...

USD/CHF Looks Set for Further Gains

May 12, 2022

USD/CHF gained momentum after testing support near 0.9700. Bullish trend line has formed support near 0.9880. The US Dollar, Swiss Franc pair started a fresh rally from near the 0.9700 level. USD/CHF...

What Will Happen to The Dollar Index After Latest Inflation Data Release?

May 12, 2022

The US dollar index (DXY) retreated slightly as investors wait for the upcoming American consumer inflation data. It is trading at $103.56, which is slightly below the year-to-date high of $104.20....

USD/CAD Bulls Are Running Out of Momentum Above 1.3000

May 11, 2022

Talking Points: USD/CAD trades sideways after regaining an 18-month high and testing a four-day upswing. The immediate gain is being challenged by an overbought relative strength index (RSI) and a...