Category Archive: 4) FX Trends
Stronger-than-Expected UK CPI Helps Steady Sterling after Dollar Rally Extended
Overview: The sharp dollar advance is stabilizing after
follow-through gains earlier today. A larger than expected rise in the UK's
December CPI helped sterling recover from the push below $1.26, the lower end
of a one-month trading range. It is the only G10 currency that is firmer
against the dollar ahead of the North American session. ECB's Lagarde pushed
back against the early rate cut speculation and this may have stemmed the
euro's losses. The...
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Crude Oil Technical Analysis
#crudeoil #futures #technicalanalysis
In this video you will learn about the latest fundamental developments for Crude Oil. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:44 Technical Analysis with Optimal Entries.
1:51 Upcoming Economic Data....
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Heading into the new trading day, the GBPUSD is trying to hold above a key floor.
The GBPUSD is facing intense selling pressure, with the price breaking below key support levels. Traders are closely watching the crucial 1.2602-1.26137 floor, which will determine the direction of the pair in the upcoming trading session.
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USDJPY moves to new session highs and in doing so, moves closer to a key technical target
USDJPY gains momentum as it approaches the 100-day moving average and 61.8% retracement, setting sights on resistance at 147.45. Traders anticipate potential correction after recent upward movement.
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Greenback Surges as Rates Back Up
Overview: The US dollar is bid across the board and posting its best session of the month. It is up between about 0.5% (Canadian dollar) to almost 1.0% (Australian dollar) among the G10 currencies. Among the emerging market currencies, only the Russian ruble is holding its own.
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USDJPY Technical Analysis
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for USDJPY. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
2:24 Technical Analysis with Optimal Entries.
3:50 Upcoming Economic Data....
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What levels are in play for the major currency pairs to start the new trading week?
EURUSD and GBPUSD trade between 100/200 hour MAs, while USDJPY faces resistance near midpoint of downward move. Technical analysis for the week ahead as Martin Luther King Day ends.
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The playbook for 2024 trading
The big picture the question is: Will we return to a 2010s style regime of low inflation and low rates? Last week's CPI data showed that we are and I think that's a big tailwind for all risk assets.
The focus right now is on central banks but waiting longer to cut rates probably won't be bullish for risk-sensitive currencies because headwinds are mounting, particularly due to housing and immigration.
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Gold Technical Analysis
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:37 Technical Analysis with Optimal Entries.
2:18 Upcoming Economic Data....
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Week Ahead: Real Economy
Given the world's turmoil, including the escalation, and
broadening of the conflict in the Middle East and China's continued aerial
harassment of Taiwan ahead of the election, the capital and commodity markets
have remained firm. February WTI fell about 1.7% last week and March Brent
slipped around 0.65%. Shipping costs are rising as the Rea Sea is avoided
and supply chain disruptions are threatened. Still the MSCI index of developed
equity market...
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ForexLive Video
Despite closing the week with a bearish bias, the AUDUSD shows potential for a reversal as it hovers near key support and resistance levels. Traders should watch for a breakout above the swing level at 0.6738 or a breakdown below the swing area at 0.6676 for further confirmation of direction.
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EURJPY tests cluster of technical levels creating a low risk opportunity to buyers/sellers
Swing level, moving averages, and Fibonacci retracement converge, providing low-risk/high-reward possibilities in EURJPY trading.
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The ups and down in the USDCAD continue. The buyers are shifting toward more control again.
Amid a volatile trading week, the USDCAD is making a comeback as buyers regain control. The price surged above swing areas and returned to sellers, but is now back above the 100 hour moving average. To increase the bullish bias, a move above the swing area is needed.
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China Data Dump Keeps Market Looking for a Rate Cut Next Week
Overview: The mostly consolidative week for the US dollar
continues. Most for the G10 currencies are +/- about 0.25% today and only a
slightly wider range for the week. The odds of a Fed rate cut in March is
virtually unchanged on the week at around 75%. The JP Morgan Emerging Market
Currency Index is practically flat on the day and week. The Russian ruble and
Mexican peso lead today's advancers, while eastern and central European
currencies are...
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Buyers in the USD, tilts the USDCHF technicals to the upside. What would upset the bias?
Recent data boosts USD and pushes USDCHF higher, but key resistance levels and potential downside support levels need to be monitored closely. Buyers gain confidence if support holds at 0.8528-0.8537, while breaking below 0.85185 could weaken the bias. Traders should also watch for the 100 and 200 hour MAs as additional support targets.
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USDCAD trades within up and down ranges, but with a bullish tilt
Discover how the USDCAD is experiencing up and down movements, but with a favorable lean towards buyers. Learn why holding support against the 100 hour MA is crucial and how surpassing key resistance levels could strengthen the bullish bias. Watch the video for an in-depth analysis of the technicals and what it takes for buyers to maintain and expand control.
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