Category Archive: 4) FX Trends
GBPUSD Technical Analysis
Here's a quick technical analysis on GBPUSD with some fundamental background.
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Dollar Consolidates as Market Considers Breakout and Rebuffs Beijing’s Latest Efforts
Overview: Many market participants sense an
inflection point is near. The dollar settled last week beyond key levels
against several major currencies, bolstered by higher short-term US rates. The
market is aware that the Bank of Japan could intervene in the foreign exchange
market with the trading near its best levels of the year, and the 10-year JGB
yield grinding higher. Beijing cut the tax on equity transactions, will
restrict IPOs, and urged...
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S&P 500 Technical Analysis
Here's a quick technical analysis on the S&P 500 with some fundamental background.
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Week Ahead: Slowing US Jobs and Softening EMU Inflation
The
Jackson Hole symposium marks the end of summer just as much as the autumn
equinox next month. It has been a tough few months for bond markets as yields
have soared. For the US economy, which has proven more resilient than many,
including Fed officials thought, and a sharp increase in anticipated supply of
Treasuries, the rise in yields may be understandable. The rise in Japanese
government bond yields may also make sense given the rise in...
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USDCAD buyers are more in control, but a 1.3603 ceiling is being built
If the USDCAD can get above 1.3603, it should open the upside more for the pair. Conversely move below 1.3564 would be a precursor to a shift more to the downside today.
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August 25, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY
A technical look at the 3 major currency pairs as traders prepare for the Fed Chair speech at Jackson Hole
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Silver in focus this week | Market Outlook with Exness
Here's what's in store this week and we're about to discuss it in this week's Market Outlook with Exness.
Dive into this week's focal point - Silver's price action. Discover its upward trajectory and the technical resistances impacting its movement. Explore the Dollar index's shift in bullish momentum and the potential for a downward correction, affecting forex pairs. All eyes are on the Jackson Hole Symposium, especially Fed Chair Jerome...
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Dollar Bid and Rates Firm Ahead of Powell
Overview: The euro and sterling took
out important chart levels near $1.08 and $1.26, respectively. They have
steadied in the European morning but remain fragile ahead of Fed Chair Powell's
speech at Jackson Hole. A couple of ECB officials sounded a bit hawkish and a
less hawkish comment by ECB President Lagarde could renew the pressure on the
euro. The market appears to be going into Powell's speech with a hawkish bias
and the odds of a hike next...
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USDJPY Technical Analysis
Here's a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
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BRICS to Expand a Little, USD Steadies after Yesterday’s Retreat, Attention Turns to Jackson Hole
Overview: Strong Nvidia's earnings after the US
markets closed yesterday helped lift Asia Pacific markets today. All the large
bourses were higher but India. Hong Kong, South Korea, and Taiwan indices rose
more than 1%. Europe's Stoxx 600 is higher for the fourth consecutive session
and US index futures are higher, led by the NASDAQ. European benchmark bond
yields have extended yesterday's PMI-induced decline and are mostly 1-2 bp
lower. The...
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Dow Jones Technical Analysis
Here's a quick technical analysis on the Dow Jones with some fundamental background.
For more visit ForexLive.com
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The USDCHF falls to moving averages support on the 4 hour chart and is stalling.What next?
Looking at the USDCHF, the 100 bar moving average on the 4-hour chart comes in at 0.8771. That level is so far holding support, and remains a key barometer for buyers and sellers in the short term..
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USDCAD moves higher after Canadian retail sales data. What are the charts telling traders nOw?
Canadian core retail sales weaker than expectations sends the USDCAD higher on the day and above a swing area between 1.3564 and 1.3585. Buyers making a play.
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