Category Archive: 4.) Forex Live

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It is time to get ready for the FOMC fireworks. What levels are in play for major pairs.

2023-05-03

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The FOMC will announce a rate decision at 2 PM ET. The rotations are 25 basis points although the regional bank pressure has brought down the expectations a bit ahead of that rate decision.  The question may be how can the Fed execute a dovish hike. IN this report I look at the EURUSD, USDJPY and GBPUSD. The EURUSD moved back above its 100/200 hour MAs tilting the bias more to the upside once again. The USDJPY fell back below its 100 hour MA but...

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Our first impression at Sandton Convention Centre? #fmas #fmas23 #fmevents #financemagnates

2023-05-02

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The RBA surprises with a 25 bp hike. What next for the AUDUSD?

2023-05-02

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The Reserve Bank of Australia increase rates by 25 basis points in a surprise move and that sent the AUDUSD sharply to the upside.  What next for that currency pair as traders next prepare for the FOMC rate decision tomorrow? In the US morning Forex typing report, I also take a look at the technicals driving the EURUSD and the USDJPY at the start of the US session.

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Nasdaq futures technical analysis: Aiming for 13500

2023-04-30

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See more at https://www.forexlive.com/technical-analysis/nasdaq-futures-technical-analysis-and-price-forecast-key-levels-to-watch-13500-target-20230430/

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Drive your dream supercar at FMAS:23!

2023-04-28

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Experience the ultimate thrill at ?FMAS:23? and seize the opportunity to win your dream ride! Stay tuned for exciting updates on how you can become one of the lucky ones to unleash your need for speed in these remarkable supercars!? Don't miss your chance to awaken the inner adrenaline junkie within you!?

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The USDJPY is soaring after BOJ decision. The GBPUSD tries another upside break.

2023-04-28

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The USDJPY soared in trading today as new BOJ head Ueda signaled no change in policy.  That has the USDJPY moving toward its 200 day MA at 137.00 area.  The EURUSD moved below the 200 hour MA and trend line, but stalled near the week lows (Tuesday's low). Stay below 200 hour MA keeps the sellers more in control today  A move back above, not so bearish. GBPUSD is trying to break above a swing area. Prior breaks this week failed fairly quickly....

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Fireside Chat about fintech & regulation in Africa??

2023-04-27

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USDCAD backs off from topside resistance but the 100 hour MA stalls the fall

2023-04-27

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The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA.  So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels.

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US GDP lower but core PCE higher. That sends yields and the USD higher in early US trading

2023-04-27

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The US GDP came in lower-than-expected but core PCE was higher. That has sent the US yields to the upside and the US dollar higher in early US trading.  However, the moves post the data, has the pair trading back to 100/200 are moving average levels in the EURUSD, USDJPY and GBPUSD - and stalled. Those moving averages will be barometers in the new trading day. What is clear is the ups and downs have continued in those major currency pairs.

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The EURUSD and GBPUSD rebound today. The AUDSD moves to a new year low

2023-04-26

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The EURUSD and the GBPUSD fell sharply yesterday on flight to safety flows, but in trading today, those declines are being erased.  The USDJPY chops around after yesterday saw a decline on flight to more safety into the JPY on banking concerns.  The AUDUSD is lower after YoY inflation fell more than expected in Australia today despite the slightly higher QoQ data.

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AUDUSD transit to the downside and approaches a floor area. What next?

2023-04-25

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The AUDUSD corrected higher into the Asian session today, and in the process tested the 100 hour MA. Sellers leaned against the level, and has been trending the pair lower since then. In the NY session the pair has moved below a swing area between 0.6649 and 0.66526. Stay below is more bearish going forward. The move lower has looked to approach the March 24 low at 0.6625 in the April 10 low at 0.66186. Move below that area opens the door for...

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The USD is stronger and retraces the declines from yesterday. What are the chart saying?

2023-04-25

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The USD is stronger today retracing some of the declines from yesterday's trading.  What are the charts saying?  In this video, Greg Michalowski of Forexlive.com takes a deep dive into the technicals supporting the price action for the EURUSD, USDJPY, and GBPUSD major currency pairs.

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Set yourself up for the new trading week by understanding the key levels in play

2023-04-23

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A non trending week last week, will have traders looking for more action this week. A number of major currency pairs vs the USD had very low ranges in trading last week. The non-trending nature of the price action will have traders anticipating something more in trading this week. That would involve breaks of key technical levels.  In this weekend technical report, Greg Michalowski of Forexlive.com discusses this dynamic and outlines the levels...

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Making some sense technically from the up & down chop in some of the major currency pairs

2023-04-21

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The up and down chop this week in the some of the major currency pairs, has some traders frustrated (when you think it is going down it goes up and visa versa), and some traders happy (the up and down range traders).  The EURUSD and GBPUSD is non trending. The USDJPY is trying to reverse lower after reaching a key topside target on Wednesday.  To get up to speed, watch the morning technical video. Although there is some up and down volatility,...

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The USD continues to chop as the market gets pushed and pulled

2023-04-20

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The USD continues to chop as the market gets pushed and pulled from higher inflation and lower growth, lower inflation and higher growth, good data, bad data, hawkish Fed members, less hawkish Fed members.  Good earnings but lower earnings YoY. Lower margins, etc., etc. etc.  The USD has moved lower after the Philly Fed index was the lowest in 3 years (the Empire manufacturing surprised the upside on Tuesday so go figure).  Yields are lower with...

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AUDUSD buyers and sellers start to look for a break. Here’s why?

2023-04-19

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The AUDUSD is consolidating with the lows and highs - along with technical levels - starting to converge. When that happens, it is time to anticipate a break and hopefully a run in the direction of the break.  In this video, I outline what I mean and what levels are key going forward.

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The USD is selling off in early US trading after rising into the session.

2023-04-19

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The ups and downs continue in the forex market. The USD was the strongest of the majors coming into the US session but is coming off and retracing some of those gains as US trading gets underway. What levels are in play for the EURUSD, USDJPY, GBPUSD and USDCAD from a technical perspective.

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NZDUSD price action and tools applied define the key levels for traders

2023-04-18

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The NZDUSD is using technical levels to define the range. The borderlines are set.

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USDCHF trades between hourly MAs as buyers and sellers battle

2023-04-18

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The USDCHF moved above the 100 hour moving average but remains below the falling 200 hour moving average. Buyers and sellers are battling it out between the moving averages. Meanwhile, for the EURCHF, it has the 100 hour moving average in 200 day moving average converged at 0.9827. That will be a key barometer for traders today with the 200 hour moving average above at 0.98488 as a key target to get to and through.

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The USD is lowered to start the day but all low levels

2023-04-18

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The USD is lower on the day but off the low levels. What next for the greenback?

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