Category Archive: 4) FX Trends
Week Ahead: Thumbnail Sketch of Central Bank Meetings
The
week ahead is dominated by central bank meetings. Six of the G10 central banks
meets. The post-Covid monetary tightening cycle is ending. The start was not
synchronized, and neither will be end. It is tempting to think that those that
began the tightening cycle early will among the first to finish. Among emerging
markets that is true for Brazil and Chile, both of whom have begun cutting
rates. And Brazil is likely to deliver the second cut in...
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GBPUSD tests low of swing area as traders work toward the day end and look to next week’s trading
What key levels are in play and why heading into the new trading week starting on September 18, 2023
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EURJPY trading up and down over the last 5 – 6 weeks. What is needed to get out of range?
Buyers today push the price toward moving average levels on the 4 hour chart near 158.00
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AUDUSD bounces off the 100 hour MA for the 3rd day in a row
The buyers in the AUDUSD holding onto control above the 100 hour MA at 0.64307. Staying above keeps the buyers in play and more in control.
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USDCHF higher this week and above a swing area. What next?
The USDCHF is above a swing area between 0.89347 and 0.89472. Stay above is more bullish
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The USDCAD rebounds higher to test a key barometer at the 100 hour moving average
The 100 hour moving average currently comes in at 1.3547. Key barometer for both buyers and sellers today.
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Kickstart the trading day with a technical look at the EURUSD, USDJPY and GBPUSD
In the morning forex video, I kickstart the trading day by taking at technical look at the EURUSD, USDJPY and GBPUSD.
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USDJPY Technical Analysis
Here's a quick technical analysis on the USDJPY pair with some fundamental background.
For more visit ForexLive.com
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The EURUSD is lower and so are the EURGBP and the EURJPY. What are the technicals saying?
The EURUSD is lower after the ECB rate decision. What about some of the other cross-currency pairs including the EURGBP and EURJPY. In this video, I take a technical look at those currency pairs.
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AUDUSD trades the short term retracement levels today. What next?
The 38.2% holds support in the AUDUSD today at 0.64198. The 61.8% holds resistance at 0.64587. The levels of support and resistance are defined. In between sits the 50% at 0.64392,
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EURUSD Technical Analysis
Here's a quick technical analysis on the EURUSD pair with some fundamental background.
For more visit ForexLive.com
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Business Travel
Business travel will prevent me from updating the blog for a few days. And instead of the usual weekly, I will provide a sketch of the six G10 central banks that meet next week and a couple of interesting emerging market central banks.
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Heightened Speculation of an ECB Hike Tomorrow Fails to Lend the Euro Support
Overview: The US dollar is trading with a
firmer bias against all the G10 currencies ahead today's August US CPI report. Even
increased speculation that the ECB will hike rates tomorrow has failed to lift
the euro, while a larger than expected contraction in the UK's July GDP pushed
sterling briefly through last week's lows. The dollar rose to a marginal new
high for the week against the Japanese yen, as the market seemed uninspired by
the cabinet...
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WTI Crude Oil Technical Analysis
Here's a quick technical analysis on WTI Crude Oil with some fundamental background.
For more visit ForexLive.com
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Greenback Bought on Pullback
Overview: The dollar was bought after yesterday's
pullback spurred by Japanese and Chinese comments and the tighter capital
controls from Beijing requiring permission to buy more than $50 mln. The
economic and monetary policy divergence continues to underpin the greenback. It
is firmer against all the G10 currencies and is mostly inside yesterday's
ranges. Most emerging market currencies are lower, led by central European
currencies. The Chinese...
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In Uncoordinated Steps, Japan and China Help Slow Greenback’s Rally
Overview: The Bank of Japan Governor Ueda hinted the
world's third-largest economy may exit negative interest rates before the end
of the year. This sparked the strongest gain in the yen in a couple of months
and lifted the 10-year yield to nearly 0.70%. In an uncoordinated fashion,
Chinese officials stepped their rhetoric and indicated that corporate orders to
sell $50 mln or more will need authorization. This helped arrest the yuan's
slide. The...
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Crude oil gains momentum at the peak | Market Outlook with Exness
On this week's Market Outlook with Exness, we take a closer look at crude oil, which gained a substantial strength, and after a market holiday in the US, may continue to rally.
It is building a short-term chart pattern: should the height of this pattern at around $86 be broken, it may drive to $86 or higher. Supply it cutting off amid tightening from OPEC+ and accumulation from commercial traders.
Crude oil is known for sustaining momentum at...
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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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