trading

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular

Tech Wreck: S&P drops ahead of AAPL and AMZN results

The tech sector remains a particular area of concern

Tech Wreck: S&P drops ahead of AAPL and AMZN results

The tech sector remains a particular area of concern

Australian flag

ASX200 Afternoon Report September 21st Sep 2022

The ASX200 trades 105 points lower (-1.54%) at 6701 at 3.00 pm Sydney time.

Why trade with FOREX.com?

Tight spreads from 0.5 pts on FX and 1 pt on indices.


Award-winning platforms with fast and secure execution.

Course thumbnail of FOREX.com course:  What are commodities by FOREX.com
Uptrend

How to use the golden cross and death cross indicators in trading

The golden cross and death cross are two chart patterns that use simple moving averages to indicate when the price of an asset is entering a bull or bear market. Learn how to spot both when using technical analysis.

default avatar
August 19, 2022 03:57 PM
Close-up of stock market board

Stocks and dollar could extend drop

Sentiment remains fragile after Wednesday’s big sell-off

default avatar
May 19, 2022 04:03 PM
trading floor

Electrocomponents has entered overbought conditions

Electrocomponents, the world's leading distributor of electronic components, equipment and tools intended in particular for the medical, industrial and IT sectors, announced full-year results

Euro Stoxx 50 Breaks Short Term Uptrend Line

On the equity markets, the announcement of the European Commission's support plan should continue to provide support, even if it remains to be confirmed, since it implies an agreement of the 27 member countries.

default avatar
May 29, 2020 04:48 AM
Uptrend

EazyJet - Range breakout

The British airline EasyJet announced that it was cutting 4,500 jobs, nearly a third of its workforce, to cope with the shock of the coronavirus pandemic.

An office of traders with multiple trading screens

Daimler - continuation of the short term rebound

Daimler, the automobile group, will invest in Chinese electric vehicle battery producer Farasis Energy's 480 million dollars IPO.

Close-up of stock market board

Bayer: Watch 63E

Bayer, the pharmaceutical group, is nearing deals to resolve 50,000 to 85,000 of 125,000 U.S. cancer lawsuits over the use of its Roundup weedkiller

Market trader analysing data

Burberry’s 4Q sales better than expected – Watch 1446p

Burberry, the luxury fashion house, posted 4Q retail like-for-like sales down 27%, slighter better than the 30% drop expected by the Company, showing encouraging signs.

Rolls-Royce: Don’t catch a falling knife

Rolls-Royce, the aerospace engine maker, proposed major reorganisation in response to the impact of COVID-19

default avatar
May 20, 2020 04:27 AM
Close-up of market chart showing downtrend

Imperial brands: new down leg in sight?

Imperial Brands, the tobacco company, reported that 1H operating profit dropped 19.6% on year to 925 million pounds on revenue of 14.67 billion pounds.

EUR/USD: 1.1300 is the “Line in the Sand” This Week

Brexit is once again grabbing all the headlines, as my colleague Fawad Razaqzada highlighted earlier today. The situation remains highly fluid, and with everything from an agreed-upon withdrawal bill to a change in government on the table within the next 24 hours, GBP traders may want to stay on the sidelines in the short term.

AUD/JPY: Is the (sideways) trend your friend?

“The trend is your friend” is one of the first market witticisms most new traders learn, with good reason: After all, buying pullbacks or breakouts in established uptrends and downtrends is the essence of many of the world’s most successful trading strategies.

Could the FTSE hit new record highs?

European stock markets have started Friday’s session brightly, extending their advance from the late afternoon rebound on Thursday. The rally has probably taken many people by surprise, although this shouldn’t be the case given that the markets in both the UK and US are still very close to their all-time highs. There is a reason why the markets are still elevated despite all the doom and gloom out there, and it continues to be this: cheap central bank money.

NZD/USD: how much more kiwi appreciation can RBNZ tolerate?

With the focus being almost entirely on the issue of Brexit and the pound this week – perhaps rightly so – traders should not lose sight of many other tradable opportunities that will present themselves in the interim. For example, the NZD/USD. The Kiwi has been climbing stealthily in recent weeks, due in part to a modest recovery in commodity prices. In addition, the RBNZ implicitly admitted at its June meeting that it is finding it increasingly difficult to loosen policy further when it once again warned of inflation in houses prices in Auckland being among its main financial stability concerns. Also boosting the NZD was last week’s release of Q1 GDP data, which came in surprisingly strong, at 0.7% q/q versus 0.5% expected and 0.9% in Q4.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

Trading view chart close-up

Will GBP/USD’s Brexit relief rally sustain itself?

Traders who have been selling the pound either in the hope or expectations of a British exit from the EU had probably enjoyed a good run of form in recent times. But the latecomers who sold the GBP/USD near major long-term support level of 1.40 were playing with fire, and when you play with fire you sometimes get burned. And unfortunately that’s probably what happened to some of these participants when the markets opened overnight with a huge gap in response to the latest opinion polls on the issue of Brexit, which showed that the two camps were running neck and neck at 44% each as Remain gained ground over Leave. The overnight gap then ballooned as some more of these bearish speculators were probably forced to exit their positions and the bulls entered the fray. Consequently, the GBP/USD has enjoyed its best one-day performance since December 2008.

EUR/USD: 1.10 or 1.15 first in this important week?

Risk remained out of favour this morning as stocks tumbled and safe haven government bonds extended their rally, causing yields on the 10-year German bunds to drop below zero for the first time. In Britain, the equivalent yields have also fallen to a fresh record low level. This reflects the view that if Britain were to exit the EU, the Bank of England will have to either lower interest rates or introduce more QE to counter the economic consequences of Brexit. The probably that Brexit won’t happen has fallen to just 55% from around 64% on Monday, according to betting odds from Betfair.

GBP/USD rallies but US data, BoE may throw the spanner in the works

So weak has the dollar been this week that even the GBP/USD has managed to regain its poise. Clearly, traders are no longer expecting the US Federal Reserve to embark on an aggressive tightening cycle after the central bank had hinted in December at several more interest rate rises when it increased rates for the first time since 2006. Since December, concerns have increased over the US economic outlook while worries over China have also intensified. Added to this, the stock markets have plunged, further diminishing the wealth effect phenomenon that the Fed had hoped would boost growth. The renewed selling pressure in the oil market has further weakened the outlook for inflation. So, there is less urgency for the Fed to raise interest rates again, especially given the fact that the European Central Bank has turned even more dovish and after the Bank of Japan cut rates into the negative. But this view could change somewhat if this week’s key US macro pointers exceed expectations by a meaningful margin. Today’s ADP private sector payrolls report and the employment component of the ISM Services PMI should provide a good indication for the official jobs data on Friday.