Category Archive: 4) FX Trends
USD Stretched Ahead of Employment Report, while Yuan Jumps on Hopes of New Property Initiatives
Overview:Â The US dollar extended yesterday's gains
as the market adjusts positions ahead of the jobs data. Yesterday and today's
price action looks to have strengthened the near-term technical outlook for the
greenback. However, the intraday momentum indicators are stretched. This warns
of the risk of a counter-intuitive move after the data, barring a significant
surprise. Meanwhile, one of the Fed's leading hawkish voices, St. Louis Fed
President...
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Natural Gas technical analysis: Go Long, go big!
An excelland spot to go Long (at your own discretion) at this amazing technical junction.
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The morning Forex technical report for January 5, 2023
A technical look at some of the major currency pairs with the US dollar
Click on the above video to watch the morning Forex technical report for January 5, 2023. IN the reported take a look at the lows and play for some of the major currency pairs versus US dollar including the EURUSD, USDJPY, GBPUSD, USDCHF, AUDUSD.
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The Market Appears to Shrug Off the Fed’s Warning
Overview:Â The US dollar is consolidating in a mixed
fashion today. The FOMC minutes drew much attention but failed, at least
initially, to spur a significant shift in expectations. The pricing in the Fed
funds futures strip is still consistent with a cut later this year, which the
minutes were clear, no officials anticipate. Today's US ADP jobs estimate, and
November trade balance are being overshadowed by tomorrow's nonfarm payroll
figures. The...
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The morning forex technical report for January 4, 2022
A look from a technical perspective at some of the major currency pairs vs the USD. The USD is lower in trading today, reversing some of the price action seen yesterday.
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Yesterday’s Gains Unwound may Make the Greenback a Better Buy Ahead of FOMC Minutes
Overview:Â Â Yesterday's greenback gains have been
mostly reversed today. New efforts by China in its property market and
anticipation of more stimulus helped rekindle the animal spirits today. Asia
and Europe shrugged off yesterday's losses on Wall Street and the rally in
bonds continued. The 8-12 bp decline in European benchmark 10-year yields comes
even though the final composite PMI was better than expected fanning hopes of a
short and shallow...
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VIDEO: A technical look at the EURUSD, USDJPY and GBPUSD to start the trading day
The USD rose vs the EUR and GBP but is dipping in early NY trading. Meanwhile the USD fell and is now rising vs the JPY.
It is the start of the new year and that has the markets a little more awake with some active trading ranges in some of the major currency pairs.
The EUR and the GBP moved lower vs the USD in early European trading helped by some weaker inflation data and warmer weather perhaps which has some inflation fears abating. However,...
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The Dollar Jumps
Overview: Market participants have returned from the New Year celebrations apparently with robust risk appetites. Equities and bonds are rallying, and the dollar has surged higher. The markets seem to be looking past the surge in China's Covid cases and anticipates a recovery, helping Chinese equities lead Asia Pacific bourses higher, where Japanese markets are still on holiday.
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A broad look of the EURUSD going into 2023
The EURUSD is starting the trading year with more upside momentum and in the process retraced some of the declines from the EURUSD's decline in 2022.
The pip trading range for the 2022 year was about 2000 pips which is near the extreme of the low to high trading range over the last 12 or so years.
What will 2023 bring us, if we anticipate a more normal range of about 1400-1600 pips and the rallies are to be sold in the EURUSD?
IN this video,...
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2023 investing outlook
Adam Button from ForexLive talks about 4 Themes for 2023:
1) Give China a KISS
2) Europe is a weather trade
3) One data point to the next
4) The biggest danger to Canadian housing is the US consumer
Adam expanded on the themes he is expecting: https://www.forexlive.com/news/4-trading-themes-for-2023-1-never-underestimate-the-spending-power-of-the-us-consumer-20230101/
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A happy new year (2023) with this Bitcoin analysis from ForexLive.com
Bitcoin may be making a very early comeback. This technical analysis shows what are the bullish and bearish prices that provide a higher level of confirmation.
Visit ForexLive.com for more technical analysis.
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S&P 500 technical analysis: A bull climbing out of a hole.
Last day of trading for year 2022. On the back of the unemployment data yesterday, we had a big bullsih day as price breaks out of the yellow bull channel. A big and clear breakout that gets the bull out of the hole but price now needs to clear the next red channel as it eyes 3900, afterwards.
Trade the S&P 500 at your own risk and visit ForexLive.com for additional perspectives.
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January 2023
The US
dollar's bull market appears to have come to a climactic end late in Q3 22 and
early Q4. In the last three months of 2022, the G10 currencies, except the Canadian dollar, rose by more than 5% against the greenback. In
addition, six of the G10 currencies appreciated more than 7.5%. Such
significant moves are often followed by consolidation and corrections. These
countertrend moves can offer new opportunities to adjust currency exposures.Three...
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Nasdaq futures technical analysis: An important junction!
Price can go either way, the game is open. Watch the next 4 hour candles at the brink of this channel. We are open to either direction but a Long would be more interesting in terms of a reward vs risk ratio of the Nasdaq futures.
Will the bulls make an elegant comeback here?
Trade at your own risk and visit https://www.forexlive.com/technical-analysis for additional persepctives.
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A simple Dow Jones technical analysis by ForexLive.com
This is one of the most simple technical analysis, and guide (bullish or bearish) that you will probably see. It shows swing traders and buy and holders (or those seeking to sell some of their holdings) exact prices of when the market is in the favor of bulls or bears, and why. It is a simple map that can provide you with directional clearance, based on a simple and known pattern called a 'bull flag' (channel) and previous pivot points, as well as...
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2022 End of Year Videos: The strongest to the weakest of the 2022 major currencies
What was the strongest of the major currencies in 2022? What was the weakest?
Between now and the end of the year (and into the start of the New Year), Greg Michalowski of Forexlive.com will be producing some video that take a look back at 2022 and then a look forward into 2023.
He will start with more of a look back at the moves in the major currencies and a ranking of the strongest to the weakest of the those currencies in 2022.
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Tesla stock technical analysis: Where is the bottom?
This is an update on where the head and shoulders at TSLA may end. Its measured move is at $91. If and when it gets close to there, buyers and algos are expected to step in, significantly.
Trade TSLA stock at your own risk and visit ForexLive.com for more insights.
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Stock market end of 2022: Watch these critical price levels.
How will the stock market, as represented by the Nasdaq in this technical analysis, end the year? Watch the critical price levels on the short and long term. The way that market participants (buyers and sellers) react to them will be key.
Visit https://www.forexlive.com/technical-analysis for additional technical analysis perspectives on the markets.
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Nasdaq futures technical analysis
Seems that there reward vs. risk potential, at the potential breakout up of this bull channel on the hourly timeframe, supports going for a Long.
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