Category Archive: 4) FX Trends
Bond Rally Continues, Greenback Consolidates with Softer Bias
Overview: The main development in the capital
markets is the decline in yields. In Europe, benchmark 10-year yields are off
7-11 bp today, extending the move that began last week. The 10-year Germany
Bund yield peaked last Thursday near 2.68% and is near 2.40% now. Similarly,
the 10-year Italian yield has fallen from 4.42% to below 4.05% today. The
10-year US Treasury yield fell in five of the last six sessions and is off
almost five basis points...
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USDCAD rotates back below the 100 hour MA tilting the bias back to the downside. Bearish.
The USDCAD has rotated back below the 100-hour MA tilting the bias back to the downside. Bearish. The USDCAD 100 hour MA is at 1.3184 area. That is a key barometer going forward.
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The GBPUSD corrects to the downside. The rising 100 hour MA is catching up to the price.
Join us as we analyze the recent correction in GBPUSD, which has moved to the downside. The rising 100-hour moving average (MA) is now catching up to the price, providing a significant level to monitor.
In this video, we discuss the implications of the correction, highlight the importance of the rising 100-hour MA at 1.30357, and explore whether the price can potentially move towards this key level.
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EURUSD is stuck in the mud. A 35-pip trading range begs for a range extension. ForexLive Video
In this ForexLive video, we delve into the current trading dynamics of the EURUSD pair, which has been stuck in a tight 35-pip trading range.
Despite recently reaching a new high not seen since February 2022, the pair's lack of significant movement begs the question of whether a range extension is imminent.
Join us as we analyze the potential scenarios for the pair, discuss key technical levels to watch, and provide insights into possible trading...
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USDJPY rebounds to 100 hour MA and swing area. Shows some signs of buying interest.
Join us as we analyze the recent price action of USDJPY, which has rebounded and is currently testing the key 100-hour moving average (MA) at 138.83.
Additionally, the swing area up to 139.00 is identified as the next target for the pair.
In this video, we discuss the potential implications of this rebound, highlight the importance of the 100-hour MA, and provide insights into potential buying interest in USDJPY.
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Euro Edges Higher
Overview: The US dollar has mostly steadied at
the start of the week after last week's sharp losses. The yen, euro, and Swiss
franc are enjoying a firmer tone, but only the euro has thus far extended
last week's gains, and then, only marginally. Uninspiring data from China
pressed the yuan lower, while the firm euro is helping the central European
currencies. A typhoon shut Hong Kong markets and Japan's markets were closed
for a national holiday....
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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: For the Millionth Time, Markets Exaggerate
After experiencing one of its worst weeks of the year, the US
dollar is stretched from a technical point of view while the short-term
interest rate adjustment has gone as far as it can without resurrecting ideas
of a Fed rate cut this year. Given the lighter economic calendar in the coming
days, we suspect that the greenback may consolidate ahead of the FOMC meeting
that concludes on July 26. The derivatives market shows that a quarter-point
hike...
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WTI crude oil futures settle at $75.42. What are the technicals saying going into the new week.
The price of crude oil is settling down -$1.47 or -1.91%, after finding resistance at a key daily MA on Thursday and ang on Friday. What did that do to to the technical picture going into the new trading week.
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The USDCAD turns more neutral technically heading into the new trading week
For the week starting July 17, the USDCAD is more neutral at least in the short term The price is back above the 100 hour MA and the 38.2%. Both tilt the bias a little more to the upside if they can hold. On the topside the 200 hour MA still looms as resistance.
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The USDCHF made a break to the lowest level since January 2015 this week. That’s important
The USDCHF fell sharply this week. The fall took the price below 0.87568 the lowest level in over 8 years. What next going into the new trading week for the pair?
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USDCAD corrects to the upside toward the falling 100 hour MA. What next?
USDCAD corrects to the upside toward the falling 100 hour MA. Earlier, the price of the USDCAD moved back above the 50% midpoint of the move up from the October 2021 low at 1.3132. That level is now key support again.
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USDJPY corrects higher to broken 38.2% retracement level at 139.176. Battles is on now.
The USDJPY bottoms near the 50% retracement of the move up from the March 2023 low, and the 200 day moving average
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EURUSD consolidates strong gains this week.
In this analysis, we examine the EURUSD's impressive performance this week, consolidating substantial gains.
The pair have recorded a 2.3% increase, marking the largest weekly gain since November 2022.
Join us as we delve into the factors driving this significant rise, explore key technical levels, and discuss the implications for traders.
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After Dramatic Week, Capital Markets are Stabilizing
Overview: After tumbling headlong this week, the
dollar appears to be broadly consolidating ahead of the weekend Among the G10
currencies, the Canadian dollar's 1.2% gain is the least and it made new
10-month highs earlier today The beleaguered Scandis soared The Norwegian
krone's 6.6% advance followed by the Swedish krona's 5.8% surge led the major
currencies The Dollar Index is off about 2.4% this week ahead of the North
American session It is...
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