Category Archive: 4) FX Trends
USDCAD consolidation sets up for a break next week. What levels are key for traders and why
USDCAD consolidation near key resistance at 2024 high. Will the ceiling break for a bullish move toward 2022 highs? Traders, keep an eye on the levels and momentum!
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US Job Report may Offer Little Relief ahead of Next Week’s US Election and Meetings by Half of the G10 Central Banks
Overview: The first of what promises to be two tumultuous weeks is winding down. The US jobs data is the last big event. It is widely recognized that it will be skewed to the downside because of hurricanes and some mostly temporary factors. Anticipating the market’s reaction is also complicated by the weekend, and reports that Iran may strike back at Israel (through bases in Iraq?), and next Tuesday's US election, and five G10 central bank meetings...
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GBPUSD breaks lower. Falls below support at 1.2938 and tumbles to midpoint/swing area
The GBPUSD tests the 50% midpoint of the move up from the April low and swing area down to 1.28449
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Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget
Overview: The main move in the foreign exchange market today is the recovery of the yen following what was seen as hawkish comments by BOJ Governor Ueda. Otherwise, the tone is one of consolidation. The equity market sell-off today may be weighing on the Scandis and dollar-bloc currencies amid risk-off impulses. Emerging market currencies are mixed. The Mexican peso, which fell to a new low for the year yesterday, is stabilizing today and is among...
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USDJPY Technical Analysis – We are testing a key support zone
#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.
0:52 Technical Analysis with Optimal Entries.
2:00 Upcoming Catalysts...
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USDCAD continues the stretch toward 2024 high but falls just short
The high price got within about 7 pips of the 2024 high. Sellers push lower but buyers are still in firm control
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USDCHF remains mired in narrow trading range.
The range of the last 10 or so days is around 70 pips. That is not a lot. Traders waiting for the next shove.
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Kickstart the FX trading day for Oct 30 w/a technical look at the EURUSD, USDJPY & GBPUSD
Be aware and prepared. This video will prepare you for the trading day today and going forward.
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Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited
Overview: The US 10-year yield is off around a dozen basis points off yesterday's high and European growth in Q3 was better than expected. This appears to have encouraged some dollar liquidation today. The greenback is softer against the G10 currencies, but the Canadian dollar and sterling. The much-awaited UK Autumn budget will be announced shortly. Sterling is consolidating around $1.30. Most emerging market currencies also are enjoying a firmer...
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Gold Technical Analysis – Yet another all-time high
#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.
0:53 Technical Analysis with Optimal Entries.
1:53 Upcoming Catalysts...
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Why the Canadian dollar will continue to struggle
The Canadian dollar is threatening to worst levels since May 2020 in what would be a major range breakout. Aside from brief periods during covid and the oil price collapse in 2016 (both less than a month long), this would be the lowest level since 2003. I expect this period of weakness to be longer lasting as the three legs of the Canadian economy – housing, immigration and resources extraction – are all impaired.
Adam Buitton, chief currency...
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Kickstart the FX trading day for Oct 29 w/a technical look at the EURUSD, USDJPY & GBPUSD
The USD is moving higher in early US trading. What levels are in play and why. I will outline those levels in this video.
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