The continued fall in oil prices has raised expectations of policy easing by the Reserve Bank of New Zealand and the Bank of Japan as they meet next week. But they may decide to stand pat for now like the Fed is expected to when it also holds its policy meeting. On the data front, GDP releases for the US and UK for the fourth quarter of 2015 will be watched closely. Starting the week with Japan, which will see [..]
Economic data will be getting into full swing next week with a number of key releases for China, the United States, the Eurozone and Britain. Central banks will also be in focus as the ECB meets for the first time since December when it underwhelmed markets with its policy decision, while the Bank of Canada could cut interest rates for the first time since July 2015. The week will initially get off to a quiet start as US markets will [..]
Coming back from the New Year’s celebrations, investors and traders are likely to find their plates full this week with interesting economic releases from around the world as well as geopolitical developments and currency and stock market moves from China. First of all, Friday’s nonfarm payrolls will mark the first really important economic statistic of the New Year out of the United States. Economic data following the Fed’s first rate hike on December 16 have not exactly been stellar and [..]
By all accounts, 2015 was the year of the dollar as the greenback surged against its major counterparts. The dollar was up around 10% versus a basket of trade-weighted currencies, with some of its strongest gains registered versus commodity currencies such as the Canadian dollar and the Australian dollar, while it also gained around 10% versus the euro on policy divergence. Interestingly, the dollar’s gains were not evenly distributed throughout the year as the dollar index surged to a fresh [..]
Data out of the US today was mixed but the dollar responded positively to the numbers, edging higher in late European trading. Personal consumption expenditure (PCE), which was inadvertently released late on Tuesday ahead of schedule, quickened to 0.3% month-on-month in November from a downwardly revised flat rate in October. The figure was in line with estimates. Personal income slowed slightly to 0.3% month-on-month from 0.4% the prior month. However, it beat expectations of a 0.2% rise. Wages and salaries [..]
US economic growth was revised slightly lower in the final estimate of third quarter GDP growth. The economy expanded by an annualized rate of 2.0% in the third quarter of the year against second estimates of 2.1% growth. The figure is ahead of forecasts of 1.9% expansion. The downward revision was primarily due to private inventory investment being revised lower. The third quarter growth is almost half the rate of that seen in the second quarter when the economy grew [..]
Following the interest rate increase by the Federal Reserve on December 16, it looks like the year’s most important story has already been written. Looking ahead to what should be a relatively quiet week, there will be some economic news from the UK and the US in the form of revisions to GDP data. Furthermore, there will be some updates from Japan in terms of inflation and Bank of Japan minutes. Starting from the UK, final GDP numbers for the [..]
The loonie fell to fresh 12-year lows versus the greenback, as weakness in the oil price (oil is a major export for Canada) combined with bullish sentiment on the US dollar led the USDCAD pair substantially higher. The loonie is now the worst performing G10 currency of the year versus the US dollar with year-to-date losses in excess of 18%. The latest move has been relatively sudden and sharp and this is reflected in the relative strength index (RSI), which [..]
Legal disclaimer:
The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.
We respect your privacy
We use cookies to ensure the best possible browsing experience. Some are needed for essential features like login sessions, while others help us provide you with content and marketing more closely tailored to your needs. Accepting all cookies enables us to enhance your experience further. Please note, some of these may be third-party cookies. You can modify your cookie preferences by clicking the button below. For more information, please see our Cookie Policy.
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.e. they record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the Members Area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
Verifying your identity and detecting the country you are currently visiting from
Checking browser type and device
Tracking which site the user was referred from
Allowing third parties to customize content accordingly
This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by Google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of Google. Google will not associate your IP address with any other data held. By using this website, you give your consent to Google to process data about you in the manner and for the purposes set out above.
Change Settings
Please select which types of cookies you want to be stored on your device.
We are using cookies to give you the best experience on our website. Read more or change your cookie settings.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
XM Live Chat
By clicking the "Enter" button, you agree for your personal data provided via live chat to be processed by Trading Point of Financial Instruments Ltd, as per the Company's Privacy Policy, which serves the purpose of you receiving assistance from our Customer Support Department.
If you do not give your consent to the above, you may alternatively contact us via the Members Area or at support@xm.com.
All incoming and outgoing telephone conversations, as well as other electronic communications (including chat messages or emails) between you and us will be recorded and stored for quality monitoring, training and regulatory purposes.
Please enter your contact information. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible.
