Category Archive: 4) FX Trends
US Dollar is Better Bid Ahead of Powell, while Aussie Sells Off on Dovish Hike by the RBA
Overview: The US dollar is trading with a firmer bias against
nearly all the G10 currencies ahead of Federal Reserve Chairman Powell's
semi-annual testimony before Congress. Speaking for the Federal Reserve, the
Chair is likely to stay on message which is higher rates are necessary to cool
the overheating economy. This comes on the heels of the Reserve Bank of
Australia's 25 bp hike and indication that it is not pre-committing to an April
hike. The...
Read More »
Read More »
S&P 500 technical analysis, 7th March 2023
In this video, we discuss the current market situation and the impact of Powell's upcoming speech on price action. The price is still above the bull channel but may retest it during a choppy period. We provide our technical analysis and trading insights to help you stay ahead of the market. Don't miss out on the latest updates and visit ForexLive.com for additional views.
There may be possible updates on...
Read More »
Read More »
Nasdaq futures technical analysis 7th March, 2023
Yesterday's failed breakout is still lingering as the market waits for more information from Powell later this week. Watch for a possible breakout up, but also be cautious of bears taking control if two consecutive 4-hour candles close below 12233. Learn more about the technical analysis of the NASDAQ and S&P 500 in this video and visit ForexLive.com for additional views and updates.
There may be possible updates on:...
Read More »
Read More »
Yields Pull Back to Start the New Week
Overview: The modest economic goals announced as
China's National People's Congress starts was seen as a cautionary sign after
growth disappointed last year. It seemed to weigh on Chinese stocks, though
others large bourses in the region advanced, led by Japan's Nikkei and South
Korea with gains of more than 1%. Europe's Stoxx 600 is little changed after
rising for the past two sessions. US index futures are slightly softer. Strong
gains were seen...
Read More »
Read More »
Keep It SIMPLE
A threat to your trading is to not being simple enough. .
We are all tempted to think that the more we know, the more we learn and apply will lead to more and more success.
In some things in life, that works, but there is also the law of diminishing returns which can not only slow your progress toward success, but also reverse gains.
Trading is one of those things where if you add too many units of knowledge, you can see a reversal of your...
Read More »
Read More »
US Jobs, Kuroda’s Last BOJ Meeting, and Powell’s Congressional Testimony Highlight the Week Ahead
The
dollar peaked last September/October and trended lower until the January jobs
report and strong service ISM on February 3. These reports and firm inflation
readings, owing, at least in part, to benchmark and methodological changes,
helped spur the greenback's recovery. However, we learned last week that auto sales
and the service ISM prices paid decelerated in February, and this week, we will
learn that job growth has slowed considerably. If...
Read More »
Read More »
Bitcoin technical analysis on the daily timeframe: Next target is $21250 (apx. 5% lower)
Bitcoin is ranging and the next target is a tripple magnet of key price levels, as shown in the video.
Trade BTCUSD at your own risk and visit ForexLive.com for additional views.
Visit: https://www.forexlive.com/technical-analysis/combining-volume-profile-in-technical-analysis-bitcoins-next-target-is-21250-20230304/
Read More »
Read More »
The USD is marginally lower in limited price action today. What key levels are in play?
The USD is marginally lower in trading today as the trading week works toward the close.
In this report, I outline the technicals that are driving 3 of the major currency pairs - the EURUSD, USDJPY and GBPUSD. Each are trading around some key moving average levels which should help to dictate the trading bias for the currency pairs.
Be aware. Be prepared.
Read More »
Read More »
Tumbling Tokyo Prices Gives Ueda Breathing Space
Overview: Talk from two Fed officials yesterday,
which seemed to validate market expectations eased the upward pressure on the
dollar and helped equities launch a dramatic recovery. The market is pricing in a terminal rate near 5.50%, a little higher than the median dot in December. The S&P 500 posted a
dramatic recover and posted a potential bullish key reversal. Its 0.75% closing
gain was the largest advance in nearly three weeks. A large...
Read More »
Read More »
USD moving higher in early NY trading. What is fueling the gains? ForexLive Video
In this video, we discuss the USD's early US trading gains on lower initial jobless claims and stronger employment data.
We also analyze the key technical areas for GBPUSD, USDJPY, EURUSD, and USDCAD, highlighting the risk-defining levels for each pair.
Read More »
Read More »
Israeli shekel vs the US dollar: A technical analysis since the 1st judicial reform demonstration
In this video, we provide a technical analysis of the US dollar since the 1st judicial reform demonstration. We'll examine key price levels, chart patterns, and potential trading opportunities.
Read More »
Read More »
Higher for Longer Helps the Dollar while Weighs on Equities
Overview: The jump in prices paid in yesterday's US
ISM manufacturing coupled with the stronger eurozone inflation, with a new
cyclical high reported in the core rate, underscores the market theme of
higher-for-longer. This is seen as dollar supportive but also negative for
risk-assets, including and especially equities. European benchmark 10-year
yields are up another couple of basis points today and the 10-year US Treasury
yield is pushing above...
Read More »
Read More »
Natural gas futures technical analysis, seeking a short if this bear flag plays out.
Watch the (red) bear flag shown. If price breaks down, a short is possible, or after a retest. At your own risk.
Read More »
Read More »
March 2023
Price pressures remain elevated, and labor
markets are strong, giving most policymakers in the G10 the incentive to continue
raising interest interests. There are two exceptions: Japan, the only
country still with a negative policy rate (-0.10%), and Canada, where the
central bank has indicated it would pause. While half-point hikes or larger
were common in the second half of last year, the major central banks have
slowed or will slow the pace to...
Read More »
Read More »
The USD is moving lower today, but can the momentum continue?
In today's report, we examine the levels in play for the EURUSD, USDJPY, GBPUSD, and USDCAD that traders will be eyeing for intraday trading clues.
While the USD is mostly lower today, the GBPUSD is showing a little more mixed action, with some upside corrective movement in early US trading.
Read More »
Read More »
Doubt Chinese Data, but Its Stronger-than-Expected PMI Lifts Risk Assets
Overview: Many investors may be skeptical of the
accuracy of Chinese data, but its stronger than expected February PMI animated
the animal spirits and bolstered risk-taking appetites. Asia Pacific equities
jumped, led by the 4.2% rally in Hong Kong and a 5% surge in the index that
tracks mainland shares. Among the long bourses Australia and Singapore slipped,
and South Korean markets were closed for a national holiday. Europe's Stoxx 600
is posting...
Read More »
Read More »
ForexLive Webinars | How to trade the news with Adam Button
In this webinar, we will be discussing the current news events and how to trade them. With a wealth of experience in trading news, Adam will be sharing his insights on the challenges and opportunities that come with it.
The markets are currently chaotic due to the pandemic, which creates fear and uncertainty. However, this chaos can also bring opportunities for traders. Patience is crucial in trading, and it's important to avoid making hasty...
Read More »
Read More »
S&P 500 futures technical analysis, bearish close to last day of Feb 2023
N this video, we analyze the recent price action of the S&P 500, particularly the rejection at the key resistance level of 4000. We discuss the potential scenarios for the index moving forward and highlight important technical levels to watch.
Read More »
Read More »
The EURUSD & GBPUSD are extending higher in early US trading. What levels are in play?
In this video, we analyze the latest technical levels in the EURUSD, USDJPY, and GBPUSD pairs. The EURUSD is testing the 200 hour MA, while the USDJPY is approaching key resistance levels. The GBPUSD is following the EURUSD's lead and breaking above a trend line and retracement level.
Read More »
Read More »
Potential Brexit Breakthrough Helps Sterling, while France and Spain Report Stronger Price Pressures
Overview: There are two important developments. First,
the stronger than expected February inflation reports from France and Spain
have sparked a jump in European interest rates and the swaps market is
beginning to price in a 4% terminal rate by the European Central Bank. The
deposit rate is now at 2.50% and is widely expected to rise to 3.0% in the
middle of next month. Second, a tentative agreement to resolve the dispute over
the Northern Ireland...
Read More »
Read More »