Category Archive: 4) FX Trends
Kickstart your FX trading for October 31 with technical look at EURUSD, USDJPY and GBPUSD
Kickstart your FX trading for October 31 with technical look at EURUSD, USDJPY and GBPUSD
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BOJ and China PMI Disappoint, While EMU Q2 Growth and October Inflation were Softer than Expected
Overview: The Bank of Japan softened its 1.0% cap on
the 10-year, while lifting its core CPI forecast this fiscal year and next. This
disappointed many who anticipated a bolder move to exit the extraordinary
monetary policy. The yen was sold in disappointment and the dollar has returned
to the JPY150.75 area. The eurozone contracted by 0.1% in Q3, while October CPI came in below expectations at 2.9%. The greenback is softer against most of the...
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USDCAD Technical Analysis
Here's a quick technical analysis on the USDCAD pair with some fundamental background.
For more visit ForexLive.com
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Markets Calm but Trepidation Runs High
Overview: Fears that the Israel-Hamas war was going
to widen this past weekend sent gold and oil sharply higher at the end of last
week. A reportedly more restrained Israeli entrance into Gaza has seen gold
pullback back below $2000 (~-0.6%) and December WTI soften (~-1.7%). The US
dollar is mostly softer. Stronger-than-expected Australian retail sales fan the
risk of a hike next week and this appears to be helping the Australian dollar
lead the...
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Gold Technical Analysis
Here's a quick technical analysis on Gold with some fundamental background.
For more visit ForexLive.com
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November 2023 Monthly
November may be an in-between month. It will be a month of
limited monetary policy actions and a period of heightened geopolitical
tensions. Fiscal policy may be more interesting, with a Japanese supplemental
budget, more measures expected from China, and a debate in Europe over the
re-implementation of the Stability and Growth Agreement. In the US, the drama that played out in the House of Representatives could still leave the federal
government...
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EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers.
The 200-hour MA at 1.0580 and 100-hour MA at 1.0589 will be the barometer for buyers and sellers next week
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Nasdaq falls sharply this week & falls below 200 day MA, but there is still some hope.
The Nasdaq index fell below the 200 day MA, but did find support buyers near the 100 week MA. That sets the pair up for a battle in trading next week.
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Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD
Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD
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Is the Market Putting on Risk Ahead of the Weekend?
Overview: The US dollar is trading with a softer
bias. Among the G10- currencies, only the euro and Swiss franc are the laggards
and are nearly flat. In shifting expectations, the market sees the Reserve Bank
of Australia as the most likely to hike rates again, while the swaps market
appears to be bringing forward cuts by the European Central Bank and the Bank
of Canada. The Australian dollar is the strongest G10 currency today and this
week. After...
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USDJPY Technical Analysis
Here's a quick technical analysis on USDJPY with some fundamental background.
For more visit ForexLive.com
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What does the price action in the EURUSD tell us about what’s ahead?
The EURUSD is lower and moved through a technical support level in the process, but also stalled at another floor target. So what does that tell us about what is ahead?
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Two for one: A technical look at the AUDUSD and NZDUSD.
Both the AUDUSD and NZDUSD broke to new lows today, but bounces back to test its 100 hour MAs
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