Category Archive: 4) FX Trends
S&P index gaps lower today and below a trend line and moving average.Sellers make a play.
The sellers have moved the S&P below a upward sloping trend line and the 100 hour MA at 5198.39. Stay below is a tilt to the downside technically.
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The USDCHF is rotating lower as the USD falls with stocks in early US trading
The US stocks are opening sharply lower, and that is pressuring the USD in early US trading on April 2, 2024. WHat next?
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Gold, Oil, and Interest Rates Rise
Overview: The market put more weight on the rise in
the US ISM manufacturing survey than the downward revision to the manufacturing
PMI and the unexpected back-to-back decline in construction spending. US rates
shot up and lifted the greenback. The Dollar Index made a new high for the
year, a little above 105, which had been anticipated by the new lows recorded
by the Bannockburn
World Currency Index (a GDP-weighted basket of the currencies of...
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USDJPY Technical Analysis – Awaiting the breakout
#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.
1:47 Technical Analysis with Optimal Entries.
3:22 Upcoming Economic Data....
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AUDUSD moves lower on USD buying and falls back below a retracement level
The 61.8% retracement of the move up from the October 2022 low comes in at 0.64995. Staying below is more bearish
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USDCHF buyers are back in the drivers seat. Price moves back above the 38.2% retracement.
The 38.2% of the move down from the 2022 high comes in at 0.90252. Stay above keeps the buyers in play/short term control.
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China PMI is Better than Expected but the Greenback Still Rises above CNY7.23
Overview: The dollar is trading quietly against the G10
currencies as European markets remain on holiday. Narrow ranges have prevailed.
The dollar-bloc currencies are leading with minor gains, perhaps helped on the
margins by better-than-expected Chinese PMI, but the Scandis, which also
typically do well amid a better global growth profile are the laggards. This
may speak to the light liquidity conditions. Japan may have missed a tactical...
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Gold Technical Analysis – WATCH OUT for the data this week
#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.
0:36 Technical Analysis with Optimal Entries.
2:06 Upcoming Economic Data....
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April 2024 Monthly
The macroeconomic and
geopolitical developments have not changed substantially over the past month. The
resilience of the US economy allows the Federal Reserve to put more emphasis on
achieving price stability. While the market favors a June cut (66% vs. 80% at the end of February), it has
not been fully discounted for over a month. The biggest event in March may have been the
well-telegraphed exit from negative interest rate policy and Yield...
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USDJPY Technical Analysis – Waiting for a breakout
#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.
1:43 Technical Analysis with Optimal Entries.
3:08 Upcoming Economic Data....
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AUDUSD rebounds higher after dump lower runs out of steam and snaps back higher.
The price of AUDUSD fell below trend line support and ran lower but the NY session is seeing a snapback rally.
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