Category Archive: 4) FX Trends
UK Inflation Surprises to the Upside and Weighs on Sterling
Overview: The UK surprised with higher-than-expected consumer
inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged
higher. Sterling has been sold on the news and is the weakest of the G10
currencies, off about 0.5%. The dollar is mixed with the euro, Swedish krona,
Canadian dollar, and Swiss franc posting small gains. Emerging market
currencies are lower, including the Chinese yuan, which is at new lows since
last November. The...
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GBPUSD trades below 100 hour MA. Sellers trying to make a play
Discover the importance of the 100-hour moving average (MA) and the 61.8% retracement level of the range since 2021 high, as both align near the 1.2760 area. Explore how this critical zone acts as a key barometer for the future movements of the pair. Stay informed about potential trading opportunities by watching this insightful video.
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The USDCAD sellers had their shot below key swing area support. They missed.
Discover the recent rebound of the USDCAD as it rises above a significant swing area between 1.3207 and 1.32299. Learn about the implications of this price action and how it could impact the future movements of the currency pair. Stay informed about potential trading opportunities in the forex market by watching this video.
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USDCHF tests 200 hour MA and finds seller on the test. What next?
Explore the correlation between the USDCHF and the USD as it follows an upward trend in today's trading session. Find out what this relationship means and how it might change how the two currencies move in the future. Stay up to date with the latest market trends by watching this video and gaining valuable insights for your trading decisions.
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AUDUSD cracks lower. Below 200 hour MA after sharp fall today
Discover the significance of AUDUSD trading below the 200-hour moving average (MA) at 0.67912. Find out how this technical indicator could change how the currency pair moves in the future. Stay ahead in the forex market by gaining insights from this video and making informed trading decisions.
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USDJPY rotates lower off November 2022 swing high
Discover the significance of the 142.25 area as a key resistance level on the daily chart. Find out where buyers are near this price level and how that could affect how the market moves in the future. Stay informed about potential trading opportunities by watching this video and make well-informed decisions
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EURUSD tries to hold key swing area support near 1.0900
Find out what the area between 1.08955 and 1.0908 means for the EURUSD in the short run. Find out how this important level may impact how the pair of currencies move in the future. Stay informed and make informed trading decisions in the forex market by watching this video.
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Scandis and Antipodeans Lead the Greenback’s Recovery
Overview: The market continues to resist the Fed's
signal that another 50 bp of hikes may be necessary to ensure inflation is
headed toward its target. Previously, the market had rate cuts priced in, and
it took some time for the Fed's push back to be accepted. The market converged
with the Fed, and this helped the dollar recover. We suspect a similar pattern
to play out again. The market does not have even one of the two Fed hikes
discounted. As...
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GBPUSD Technical Analysis
Here's a quick technical analysis on GBPUSD with some fundamental backgroound.
For more visit ForexLive.com
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S&P 500 Technical Analysis
Here's a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
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Week Ahead: Greenback Looks Set to Bounce after the Recent Drubbing
The week ahead is less eventful
than the week that just passed, which saw the anticipated hike by the ECB and the small cut by the PBOC. The
Fed delivered the widely tipped hawkish hold and the US CPI continued to decelerate. The dollar fell against the G10 currencies last week but the yen. Sterling, and the Canadian dollar rose to new highs for the year, Momentum indicators are stretched. This coupled with risk-reward considerations suggest...
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A deep dive into the technicals driving the GBPUSD as the clock ticks toward the weekend
The GBPUSD broke above the 61.8% of the range since 2021 high at 1.27605 this week. That is close support now.
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BOJ Stands Pat while the Dollar is Consolidating Ahead of the Weekend
Overview: The market has not yet become convinced
that the Fed will in fact deliver the two hikes the median dot anticipates this
year, and the dollar was sold off sharply yesterday, the day after the FOMC
meeting. In fact, the swaps market is more convinced that the ECB hikes in July
than the Fed. Outside of the yen, which was sold after the BOJ stood pat, the
G10 currencies are mostly little changed, consolidating the recent moves. Emerging...
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EURUSD Technical Analysis
This is a quick technical analysis on EURUSD with some fundamental background.
For more visit ForexLive.com
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EURUSD technical analysis. EUR/USD price forecast; 1.133
The EURUSD exchange rate has been on a downward trend since the beginning of 2022.
However, in the long term, the EURUSD exchange rate could appreciate given the faster pace of growth expected for the Eurozone economy compared to the US economy. Consequently, i predict that the EURUSD exchange rate could reach 1.133 by the end of 2023.
The technical analysis is based on a long term channel shown in the video and the volume profile of the price...
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