Category Archive: 4) FX Trends
US Tech Sell-Off Challenges Risk Appetites Ahead of the FOMC
Overview: Ahead of the US Treasury's quarterly
refunding announcement and the outcome of the FOMC meeting, the dollar is
trading higher against all the G10 currencies. With US high-flying tech stocks
posting steep losses after disappointing earnings reports, the currencies most
sensitive to risk-appetites, the dollar bloc and the Norwegian krone are the
weakest. Emerging market currencies are mixed. The South African rand,
Philippine peso, and...
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WTI Crude Oil Technical Analysis
#crudeoil #futures #technicalanalysis
In this video you will learn about the latest fundamental developments for WTI 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.
0:53 Technical Analysis with Optimal Entries.
2:48 Upcoming Economic Data....
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EURUSD struggles to sustain momentum above and key moving averages. What next?
The EURUSD attempted to break above its 200-day and 100-hour moving averages but failed to maintain the momentum. The next targets for downside movement are the swing area between 1.08083 and 1.0824, followed by the 50% retracement level at 1.07936.
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USDCAD bounced off support but found willing sellers near a MA level
The 100 bar MA on the 4 hour chart stalls the rally in trading today. A swing area on the downside provides support.
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The USDCHF is stuck between MA support and resistance defined by MAs and a key floor
The USDCHF is engaged in a tight battle between support and resistance, as it finds itself stuck between moving averages and a crucial floor level. The price is expected to break out of its narrow range soon, potentially leading to a surge in momentum.
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Kickstart your FX trading for Jan. 30 w/ a technical look at the EURUSD, USDJPY and GBPUSD
The EURUSD is mixed. The GBPUSD is lower ahead of the BOE rate decision later this week. The USDJPY is up and down and up again.
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EMU Q4 23 GDP Stagnates, Underscoring Divergence with the US
Overview: The US dollar is mixed ahead of the start
of the FOMC meeting and is mostly in its recent ranges. The euro, which was
sold below $1.08 yesterday for the first time since mid-December is holding
above it today. The less-than-expected projection of US Treasury borrowing
requirements for Q1 and Q2 weighed on US rates, which, in turn, dragged the
greenback lower against the yen. It is trading near a four-day low, a
little above JPY147.00. The...
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USDJPY Technical Analysis
#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.
2:03 Technical Analysis with Optimal Entries.
3:33 Upcoming Economic Data....
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THE USD is making a move to the upside in early US trading.
The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it's gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points.
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SPX technical analysis 4895.16, expecting pullback before more up on GOOG MSFT earnings
In this technical analysis video, I provide an analysis of the S&P 500 Index (SPX) at Forex Live. I identify a purple channel that has not yet been confirmed but has two touch points so far. I believe that we will create another touch point around 5,000 later on.
For swing traders, I am looking at a pullback from the purple line from this low, which is about 4,845. I think that we could then possibly go up to 5,000. For patient traders who...
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Oil Retraces Initial Surge, Euro Slips to Marginal New Low, while Sterling Hugs $1.27
Overview: Key developments today include the Hong
Kong court ordered liquidation of China's Evergrande and the reversal of oil
prices after a sharp rally initially in Asia after separate attack in the
Middle East that killed US troops in Jordan and struck a Russian oil tank in
the Red Sea. March WTI, which settled near $78 ahead of the weekend, its best
level since the end of last November, rallied to about $79.30 before returning
to almost $77.50...
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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.
0:39 Technical Analysis with Optimal Entries.
1:56 Upcoming Economic Data....
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February 2023 Monthly
The coming weeks will
likely continue the correction of the trends that began last month. The markets
recognize that tightening cycle is over. However, they swung hard, pricing in
aggressive easing by most of the G10 central banks, including the Federal
Reserve and the European Central Bank. Official comments and some
high-frequency economic data have encouraged participants to rein in their
expectations, reducing the odds of a rate cuts in Q1 and...
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USD Looks Oversold on Intraday Basis Ahead of a Possible Risk-Off North American Session
Overview: The US dollar is trading lower against most
currencies, but the intraday momentum indicators are stretched, suggesting the
selling pressure may not be sustained through in North America today. December
US personal income and consumption data was contained in yesterday's Q4 23 GDP
data, but the market want to see the monthly print, which is expected to see
the core measure ease with the headline rate flat. Tokyo's January CPI was much...
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