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XM

XM
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XM (XM.COM) offers forex, stock indices, oil trading, gold trading and CFDs on MT4. Trade with a licensed forex broker.
Brent Oil
As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back of oil rising. The dollar index, a broader gauge of the US currency’s strength, was last down two-tenths of...
New Zealand Dollar
The New Zealand dollar jumped after the Reserve Bank of New Zealand said the country’s growth outlook remained positive. Sterling held onto gains after the hawkish comments from Bank of England’s Andrew Haldane.  Oil prices hovered near 10-month lows on over-supply concerns. The RBNZ held a policy meeting today and...
Oil
As Asian markets are completing their trading day, the dollar index has eased from yesterday’s one-month high but is still close to that level. In the meantime, WTI and Brent crude didn’t manage to post a rebound after yesterday’s sizable losses. The dollar index, a broader gauge of the greenback’s...
US Dollar
The US dollar was firmer on the back of hawkish comments from Federal Reserve officials. Sterling held onto Monday’s losses as all eyes turn to the mansion House speeches later by Bank of England Governor Mark Carney’s speech and UK Chancellor Philip Hammond. The aussie rose despite mixed RBA...
France
The euro was supported by news that French President Emmanuel Macron won a majority in Sunday’s legislative elections. Sterling was steady ahead of the start of Brexit talks in Brussels today. In terms of economic data, Japan had a surprise trade deficit in May. The overall trade balance was -203.4...
US Dollar Japanese Yen
The yen weakened after the Bank of Japan (BoJ) left monetary policy unchanged today while the US dollar remained firm after the Federal Reserve raised interest rates on Wednesday. The BoJ announced its decision to maintain its current monetary policy without making any tweaks, as was widely expected, since inflation...
Pound
The pound jumped after the Bank of England (BoE) policy announcement yesterday, erasing earlier losses against the dollar. The BoE was more hawkish-than-expected and the Monetary Policy Committee (MPC) vote count indicated a surprisingly tight decision. The Bank left its benchmark interest rate unchanged at a record low 0.25%. While...
Australian Dollar
The US dollar mostly held onto gains made after the Federal Reserve was not as dovish as some had expected and the aussie was one of the best performing major currencies after strong jobs data. The kiwi slid after soft GDP data. The Fed announced on Wednesday it raised interest...
New Zealand Dollar
The New Zealand GDP figures released today showed the country’s economy expanding at a slower pace than projected by analysts during the first quarter of the year. The New Zealand dollar fell relative to its US counterpart as the data hit the markets. Regarding the actual figures, first quarter GDP...
US Dollar
The dollar was slightly down as the Asian trading session was coming to a halt. The New Zealand dollar recovered after initially dropping as the country’s current account deficit as a proportion of GDP widened to its most in the first quarter of the year. Other data during the...
Theresa May
Sterling has stabilized after Friday’s big tumble against the dollar following the shock UK election result that brought about political uncertainty. Prime Minister Theresa May was left with a minority government and she reshuffled her cabinet over the weekend. Focus turns to the Brexit negotiations that begin in about...
British Pound
Sterling plunged on political uncertainty after an inconclusive result in the UK general elections that took place on Thursday, with no single party having a clear claim to power. The dollar moved higher as it was unfazed by former FBI Director James Comey’s testimony yesterday. The British pound lost over...
Europe
Currency markets were showing signs of caution ahead of key risk events later in the day. Risk aversion supported gold and the yen. The euro and sterling held steady while the dollar index wallowed near seven-month lows. Investors are bracing for the European Central Bank’s policy meeting and for...
Gold
The Australian dollar rallied on upbeat GDP data while the greenback steadied after sharp declines this week. Upcoming key risk events tomorrow dampened risk appetite in the markets as investors were cautious ahead of the UK elections, the European Central Bank meeting, and the testimony to a Senate committee...
US Dollar
The dollar was broadly weaker and the yen gained on safe haven demand. The aussie rallied after the RBA meeting. Oil remained under pressure. The Reserve Bank of Australia announced its decision to hold its benchmark interest rate steady at 1.5% and said that its unchanged policy was consistent with...
British Pound
The dollar hovered near seven-month lows against the yen following Friday’s disappointing US jobs report, while sterling weakened after the news of the attacks in London over the weekend. Gold hit its highest in over six week and oil was lifted due to tensions in the Middle East. The greenback...
US Dollar
The dollar consolidated gains made after a solid ADP jobs report on Thursday which gave investors optimism that today’s non-farm payrolls number could also be upbeat. This would strengthen expectations for a rate hike by the Federal Reserve at its meeting this month. The ADP private employment report was better...
Australian Dollar
The Australian dollar had a choppy session after domestic and Chinese data. The greenback moved higher while oil rebounded from a two-day decline after the API report. The aussie jumped against the greenback to a high of $0.7453 after Australian retail sales were stronger than expected. It reversed gains on...
British Pound
Sterling was one of the worst performing major currencies against the dollar as it slumped on election jitters. The aussie was briefly boosted by PMI data out of China. The kiwi jumped on business confidence data. The pound fell half a percent against the greenback in early Asian session trading...
US Dollar Japanese Yen
The euro came under pressure on dovish comments from European Central Bank President Mario Draghi. The yen was supported by general risk off sentiment in the markets today. Safe haven gold saw another leg higher. Japan and Australia released economic data during the Asian session. The unemployment rate in Japan...
British Pound
Sterling was one of the worst performing major currencies against the US dollar after tumbling on a recent poll showing UK Prime Minister Theresa May’s lead was falling. Oil slid on disappointment following the OPEC deal. Investors were hoping for deeper cuts at the OPEC gathering in Vienna yesterday that...
US Dollar
The US dollar was heavy after the FOMC minutes, while the Canadian dollar outperformed across the board on an upbeat Bank of Canada. Oil prices extended gains ahead of the OPEC meeting in Vienna today. The minutes from the Fed’s May policy meeting showed some caution, despite most FOMC members...
Australian Dollar
The aussie reacted negatively to Moody’s downgrade of China’s rating to AA- with a negative outlook from a previous A1, amid concerns over rising debt and slowing economic growth. China is a major trading partner for Australia and so the news had the most impact on the currency which fell...
UK
Risk appetite was dampened after news of the bomb blast in Manchester that killed more than twenty people late on Monday night. Sterling weakened immediately after the reports, while safe haven assets like the yen and gold strengthened. An uncertain political climate in the US weighed on the dollar. The...
British Pound
Markets were off to a calmer start this week after some recent volatility. Risk sentiment improved and the yen was steady despite news that North Korea conducted another missile test over the weekend. In terms of economic data released during the Asian session, Japan’s trade balance came to a surplus...
US Dollar
The US dollar is on course to end the week lower against most major counterparts after coming under pressure from US political concerns amid controversy concerning President Donald Trump. Safe haven assets like the yen and gold had a strong week. With a light economic calendar in Asia, markets...
Australia
The US dollar rebounded against its major counterparts today after having tumbled sharply in the past two days due to political turmoil surrounding US President Donald Trump. The aussie jumped on forecast-beating Australian jobs data, while the yen showed little reaction to stronger Japanese GDP numbers. The dollar index hovered...
Euro Dollar
The main focus of the markets in Asia today was on US political concerns as President Donald Trump continued to create controversy. Risk aversion led to a stronger safe haven yen while gold also benefitted from a weaker dollar. The euro rose to a fresh six-month high. A recent batch...
Euro Dollar
The dollar index fell to a one week low as the greenback continued to weaken against a basket of currencies, following a series of soft US data recently, as well as domestic politics. The euro extended its rally, while oil prices held onto recent gains. The dollar came under pressure...
he dollar came under pressure against most major counterparts but rose against the yen. Oil prices jumped higher on expectations that oil production cuts will be extended to next year. The yen was only briefly boosted by geopolitical concerns after news of another North Korean missile test over the...

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