Category Archive: 4) FX Trends
A technical look at the USDCAD, AUDUSD and NZDUSD for the US trading session.
The technicals that are driving the commodity currency pairs on August 22, 2023. Including is a look at the USDCAD, AUDUSD and the NZDUSD.
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Dollar Eases, Stocks and Bonds Advance
Overview: For the first time in more than a week,
North American dealers will take to their posts with the dollar softer against
all the G10 and most of the emerging market currencies. Despite stepped up
efforts by Chinese officials and a firmer yen, the yuan remains on the
defensive and is one of the handful of emerging market currencies softer on the
day. Stocks and bonds are mostly higher too. The yuan might not be benefitting
from a softer...
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EURUSD Technical Analysis
Here's a quick technical analysis on EURUSD with some fundamental background.
For more visit ForexLive.com
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S&P index trades above and below unchanged today
The low price in the S&P index today took the index down -9.42 points. The high price took the index up 25.88 points
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EURUSD buyers and sellers taking their shots and missing. What next?
Buyers above the 100 hour MA failed. Sellers on the move back below the 100 hour MA failed too. What next?
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The sellers are in control in spot gold. Can sellers keep control going forward?
What levels are key for both the sellers and buyers in spot gold now? Sellers are in more control.
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August 21, 2023:A technical look at the USDCAD, AUDSD and NZDUSD to start the trading week
What are the technical levels in play to start the trading week in the USDCAD, AUDUSD and NZDUSD
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August 21, 2023: Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD
The EURUSD, GBPUSD and USDJPY are all higher to start the trading day. What next? Watch the video and be sure to "like" and "subscribe"
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China Surprises While the Dollar Begins Week Softer
Overview: The new week, which features the BRICS
meeting and the Jackson Hold symposium is off to a quiet start. The failure of
Chinese banks to pass through last week's 15 bp cut fully into the lending
prime rates was a major disappointment and it is not yet clear the logic. While
the yuan and yen are softer, as are more local Asian currencies, while most of
the G10 currencies are posting small gains against the greenback. Gold is
trading little...
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Russell 2000 Technical Analysis
Here's a quick technical analysis on the Russell 2000 with some fundamental background.
For more visit ForexLive.com
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Week Ahead: Yen’s Recovery Ahead of the Weekend may Give the Yuan a Reprieve or Be Ready for BRICS to Disappoint High Hopes for a Dollar Alternative
There seem to be three large
forces shaping the investment climate. First is the resilience of the US
economy, with four consecutive quarters of above trend growth. It appears that the US economy may be expanding faster than the 2.4% annualized pace seen in Q2. Many of the
largest naysayers have capitulated. Second, the monetary tightening cycle is
widely seen as almost over, and many are beginning to fine tune forecasts for
the first cut by the...
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Don’t discount technicals when analyzing Bitcoin. A look at the technicals driving BTC/USD.
The price of bitcoin tumbled below the 100 and 200 day MAs and is finding support at the 38.2% retracement.
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USDCHF chopped higher in trading this week. What next going into the new trading week?
The USDCHF has chopped higher this week, but is testing a swing area high near 0.88193. Get and stay above would be more bullish for the pair as we head toward the new trading week.
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The USDCAD finds seller’s near retracement target. Will the sellers take charge now?
The USDCAD tested the 61.8% retracement of the 2023 trading range and stalled the rally today. Will sellers lean and start a corrective move lower now?
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Nasdaq moving toward key MA support and swing area support. Will the buyers show up?
The Nasdaw index is moving toward oversold from RSI perspective but be careful as trending markets are fast, directional, and can go farther than traders expect,. So leaning against levels is key.
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