Category Archive: 4) FX Trends
Capital Markets are Calm though Anxiety Continues to Run High
Overview: The risk that the war in Israel spreads
remains palatable, and several observers have warned of the greatest risks of a
world war in a generation. Still, the capital markets remain relatively calm. The
US dollar is softer after closing last week firmly. The only G10 currency
unable to post corrective upticks today is the Swiss franc. Among emerging
market currencies, the Polish zloty has been boosted by the pro-EU election
results, and...
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Gold Technical Analysis
Here's a quick technical analysis on Gold with some fundamental analysis.
For more visit ForexLive.com
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Week Ahead: Softness in US Real Sector, Key UK and Canadian Data, and China’s Q3 GDP
The markets absorbed two shocks last week. The
war in Israel that seems to know of no restraint underpinned oil prices and
appeared to help boost gold and the Swiss franc, the only G10 currency to
appreciate against the dollar. The other was the continued deluge of US
Treasury supply, the coupon auctions that tailed and higher than expected PPI
and CPI. Nevertheless, the US 10- and 30-year yields fell nearly 20 bp last
week, snapping a six-week...
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GBPUSD: New lows for the pair. What next as we head into the new trading week?
The sellers are taking more control in the GBPUSD with the pair looking toward the lows from October
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AUDUSD falls toward low from October and low for 2023
A move below 0.62849 would take the AUDUSD to the lowest level going back to November 2022
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Kickstart your FX trading on October 13 with a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 13, 2023 trading day?
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Dollar Steadies after Yesterday’s Surge, Oil Jumps Ahead of the Weekend while Yields Soften
Overview: The capital markets seemed to have an
exaggerated response to the US CPI, where the headline rate, flattered by the
rise in energy, rose by 0.1% in September than forecast. Rather than decline,
the headline year-over-year rate was unchanged at 3.7%. The core rate was as
expected slowing to 4.1% from 4.3%. Next week's US data, including retail
sales, industrial production, existing home sales, and the index of leading
economic indicators...
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Gold Technical Analysis
Here's a quick technical analysis on Gold with some fundamental background.
For more visit ForexLive.com
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The USD is surging after stronger CPI, a crummy auction and a surge in yields
The 10 year yield is up 12 basis points. US stocks are lower. The USD is moving higher vs all the major currencies.
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NZDUSD falls to MA support. Do buyers stick a toe in the water here?
The NZDUSD price is approaching the 200 bar MA on the 4-hour chart. Do buyers stall the fall?
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Some key technical levels are in play in USDCHF. Find out what levels are key going fwd.
The USDCHF broke above its 200 day MA at 0.90216, but has found willing sellers at its 100 hour moving average. Key levels for both buyers and sellers are in play.
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AUDUSD sellers push the price lower but with one more hurdle to increase the bearish bias.
Sellers need to get below the 200-hour moving average of 0.63708 to increase the bearish bias.
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Kickstart your FX trading on October 12 with a technical look at EURUSD, USDJPY and GBPUSD
What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 12, 2023 trading day.
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Greenback Consolidates Ahead of September CPI
Overview: The dollar is mixed against the G10
currencies. It is confined to narrow ranges ahead of today's CPI report. The
Russian ruble is the strongest of the emerging market currencies following the
imposition of new capital controls, forcing many exporters to repatriate their
foreign earnings. After posting a key upside reversal at the end of last week,
gold continues to recover. It nearly $1883 so far today, the best level in more
than two...
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EURUSD Technical Analysis
Here's a quick technical analysis on the EURUSD pair with some fundamental background.
For more visit ForexLive.com
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