Category Archive: 4) FX Trends
Calm before the Storm?
The biggest rally in the S&P 500 in three weeks helped lift global equities today. The MSCI Asia Pacific index rose for the third consecutive session, the longest streak this month. Europe’s Stoxx 600 is up for a fourth day and is at its best level since mid-June.
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Bitcoin breaks outside recent up and down range and pushes toward next key target
The price of bitcoin breaks out of it's recent up and down trading range and looks toward the 38.2% retracement target
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USDCAD moves to a new low and tests a key swing area
The USDCAD is trading to a new low and in the process is testing the low from yesterday and swing area down to 1.28929
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The Dollar is on its Back Foot
The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank on Thursday.
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AUDUSD technical analysis
See the complete technical analysis for the Aussie dollar vs the US dollar here https://www.forexlive.com/technical-analysis/audusd-technical-analysis/
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Another crypto trade lost? This simple rule will probably save your ass next time.
If you have been trading crypto, you have been there... and it can happen when trading many other assets as well.
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It’s a central bank driven market and mistakes are being made
Adam Button of ForexLive spoke with BNNBlooomberg about the shifting outlook for rate hikes at central banks in the US and Europe.
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Stock Market Today, Russell 2000 Technical Analysis
Profit takers seem to be waiting at the resistance line shown in the video and the Russell futures may sell off till the value area high of the range or the EMA20.
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Is the Dollar Tired? Did Fed Frenzy Peak? A Look at the FX Price Action
The price exchange in the foreign exchange market was a story separate from the macro developments. The euro traded below parity for the first time since 2002. The yen fell to its lowest level against the dollar in 22 years.
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Bought EURUSD, what now?
See how a trade is managed in a simple way after one of the first of 3 buy orders were filled. See ForexLive technical analysis at https://www.forexlive.com/technical-analysis
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Gold futures today and XAU trade idea
This Gold futures technical analysis and trade idea becomes applicable only if the 1700 round price is lost (crossed down) for gold.
1st buy at 1684.2
2nd buy at 1673.6
3rd buy at 1660.6
Average entry price, if all 3 orders are filled: 1672.80
The idea presents 2 parts, with the 2nd being a huge upside potential as explained.
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Bitcoin technical analysis with key price levels to watch around $20k
BTCUSD has been in a range for 30 days, prohibiting swing traders from shorting or longing. Long-term crypto players may improve their forecasts by looking at the price levels in this straightforward technical analysis video for BTCUSD and the closure of the daily candles. For further proof, watch the following candle close.
If it doesn't close properly and opens the wrong way, they should wait. This allows bitcoin analysts a smaller range to...
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Stock market analysis, 15 July
We look at a potential bull flag and a possible breakout up junction coming. However, we are still in a sideways trading ranging market. Still, the recent bullish 'counter attack' may have helped the bull case today.
https://www.forexlive.com/technical-analysis/stock-market-analysis-17-july-20220715/
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Market Prices in More Aggressive Fed AND is more Confident of Rate Cuts by the End 2023
Overview: The higher-than-expected US CPI and the strong expectation of a 100 bp hike by the Fed in two weeks is propelling the dollar higher.
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The Stock Market Today, Technical Analysis for 13 July
We look at the what the stock market did today after the inflation report, and how the Russell 2000 is trapped between close key price levels of support and resistance. See the entire post here https://www.forexlive.com/technical-analysis/stock-market-today-a-technical-analysis-via-the-russell-2000/
See additional technical analysis on ForexLive
https://www.forexlive.com/technical-analysis
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Euro Parity Holds ahead of US CPI
Overview: The US dollar is consolidating with a slight downside bias ahead of the June CPI report. The euro held above $1.00 but is still pinned in the trough. The rate hike by the Reserve Bank of New Zealand failed to have much impact.
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Euro Tests Parity
Equities remain under pressure as investors contemplate tighter financial conditions and the risks of recession. Most of the large equity markets in the Asia Pacific region sold-off, led by a 2.7% drop in Taiwan.
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