Category Archive: 4) FX Trends
USDCHF higher on the day but battling between technical levels
An old floor is support (with 200 bar MA on the 4-hour chart) at 0.8997. The 50% of the move down from the May 1 high at 0.9025 is resistance. Battle is on between the levels.
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Sigh of Relief Lifts French Markets, But…
Overview: The market feels a bit more at ease after the first round of the French elections that extreme policies will be avoided by an effort to deny the National Rally a legislative majority. French stocks have recouped some of their recent losses and the euro reached $1.0775, its best level since June 13. The yen remains soft after the Tankan survey showed little change but an uptick in capex plans. Outside of the yen and Swiss franc, the dollar...
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USDJPY Technical Analysis – The bullish bias remains intact
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. 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.
0:49 Technical Analysis with Optimal Entries.
2:16 Upcoming Economic Data....
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July 2024 Monthly
July is about the Olympics and reaping what was sown in June. The UK and France will have new governments. There will be a new European Commission. China will hold its Third Plenum session, out of which many expect new measures to support the economy.The Bank of Japan may announce a plan to reduce its bond purchases, which are approximately the same as the amount maturing every month and hike rates at the end of July. Reducing its JGB holdings is...
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Will the PCE Deflator Really Contain New Information?
Overview: The US dollar is narrowly mixed as North American participants prepare to return for the last session of the first half. Despite firmer than expected Tokyo CPI and stronger than expected industrial output, the market lifted the greenback around JPY161.25 before profit-taking pressures bought it back toward session lows near JPY160.65 in Europe. President Biden is thought to have lost last night's debate with Trump, but it does not appear...
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Gold Technical Analysis – The rangebound price action continues
#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.
0:42 Technical Analysis with Optimal Entries.
2:22 Upcoming Economic Data....
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The Greenback Consolidates while Sustaining Break against the Yen
Overview: The dollar is sporting a softer
profile today against all the G10 currencies but the Swedish krona. The
Riksbank sounded more dovish than previously, signaling the possibility of a
cut in each of the last three meetings of the year. The dollar has sustained its
push above JPY160 against the Japanese yen. Most emerging market currencies are
also firmer, with the notable exception of Türkiye and South Africa. Türkiye is
expected to keep its...
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GBPUSD Technical Analysis – Flows dominate the price action
#gbpusd #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the GBPUSD pair. 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.
0:57 Technical Analysis with Optimal Entries.
2:10 Upcoming Economic Data....
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USD Pushes above JPY160
Overview: The dollar is firm, and the market is challenging the JPY160 level, which it has traded above in Europe. Japanese officials say that they do not defend a specific level. The market is nervous though and some participants have professed intentions to sell dollars above there. The Australian dollar is the main exception to the greenback's strength today. A strong monthly inflation print boosts the chances of a rate hike. The Aussie, though,...
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USDJPY Technical Analysis – The market is testing the intervention level again
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. 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.
0:41 Technical Analysis with Optimal Entries.
2:09 Upcoming Economic Data....
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Nervous Calm Hangs over the Markets
Overview: San Francisco Federal Reserve President Daly spoke aloud what many are thinking. The US labor market may be at an inflection point. The four-week moving average of weekly jobless claims is at the highest since last September and the early call for July nonfarm payrolls is about 185k, which if true, would be a sub-200k reading for the second time in three months. The high-flying Nvidia has fallen 13% in the past three sessions coming into...
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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.
0:48 Technical Analysis with Optimal Entries.
2:26 Upcoming Economic Data....
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US Dollar Offered, but Intra-Day Momentum Indicators are Stretched
Overview: The Dollar Index reached its best level since May 1 before the weekend but has come back softer against all the G10 currencies and most emerging market currencies. There is no apparent driver, and the intraday day momentum indicators caution against expecting much in the way of follow through gains in North America. The dollar edged closed to JPY160 and triggered official intervention warnings. The market has turned cautious and is...
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USDJPY Technical Analysis – We reached the intervention level
#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. 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.
0:50 Technical Analysis with Optimal Entries.
2:22 Upcoming Economic Data....
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Week Ahead: Politics, Economics, and the Yen
The relationship between interest rate expectations and the foreign exchange levels is more complicated than many textbooks or conventional wisdom allows. Australia's and Norway's central banks pushed against rate cuts this year, and their currencies were rewarded. The Reserve Bank of New Zealand said more or less the same thing, but investors are less sanguine and took the New Zealand dollar down as much as it took the Australian dollar higher....
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AUDUSD moves lower and tests converged 100/200 bar MAs on 4-hour chart at 0.6638
The 100/200 bar MA on the 4-hour chart is in the middle of the trading range confining the pair over the last 6-7 weeks. Key level today and going forward for the pair.
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