WOW! The dollar moves higher, stocks move lower, yields higher after the WOW jobs report

2023-01-13

A technical look at the major currency pairs.

In the morning forex report, Greg Michalowski of Forexlive looks at the EURUSD, USDJPY, GBPUSD, and USDCAD to kickstart the Friday the 13th trading day.

2023-01-08

There are a lot of transitions that are going on from a fundamental and technical perspective.

In this weekend video, Greg Michalowski of Forexlive, talks about the transitions that are occurring in the economy, politics and in the markets in his weekend Forex technical report.

Set yourself up to understand the dynamics in play and how you might benefit in your trading this week.

2023-01-06

The USD moved higher in anticipation of the US jobs report. That report showed wages were less of a concern with an increase of 0.3% versus 0.4% MoM. Moreover the prior month was revised lower from 0.6% to 0.4%. Good news. The not so good news for a rate perspective is the unemployment rate ticked down to 3.5% from 3.6% (revised from 3.7%). That puts the unemployment rate near full employment which has potential for what wage gains down the road. So the Fed is walking on the tight rope. In Canada, their jobs report showed strong job gains of 104K versus 8.0 K. The unemployment rate dipped to 5.0% from 5.1%. That is also near their full employment level. The market reaction has seen the US dollar move lower and stocks move higher. In this report I take a look at the change in currency

2023-01-04

A look from a technical perspective at some of the major currency pairs vs the USD. The USD is lower in trading today, reversing some of the price action seen yesterday.

2022-10-25

The German DAX is consolidating, possibly before the next attempt to break out up. Watch these key levels and visit ForexLive.com for additional technical analysis perspectives.

2022-10-17

A look at the EURUSD, GBPUSD, USDJPY and USDCHF to start the NY trading week.

The USD is trading to new session lows to start the US trading session.  US stocks are higher and rebounding off of the sharp declines on Friday. Yields are lower.

EURUSD: The EURUSD is moving above its 200 hour moving average for the 2nd time today. Buyers are making a play. Risk is a break back below the 200 hour moving average

GBPUSD: The GBPOUSD moved away from its 200 100 hour moving averages in the early Asian session and are extending the range in the early US session. Buyers are cheering on the lower yields in the UK.

USDJPY: The USDJPY did make new multi decade highs on 2 separate attempts today (above the Friday high). Each of those breaks had limited momentum. The prices back down testing

2022-10-11

Dollar selling pushes pairs toward key 100/200 hour MAs.

There are a number of key currency pairs vs the US testing their 100/200 hour MAs as dollar selling pushes prices back toward those levels.   

If the price can continue through the MAs, the bias would shift in the short/medium term. Conversely, if the MAs can not be broken, the dollar remains the dominant bias for each of the pairs.

The EURUSD, GBPUSD, USDCHF, USDCAD and NZDUSD have all moved close to the levels

2022-10-07

FOREX QUICK: In a forex quick look video, Greg Michalowski of ForexLive.com reviews the price action in the EURUSD after the US jobs report.

The corrective high off of the lows moved up to test a key technical target at the 200 hour MA. Sellers leaned. The price moved back down.

The pair now looking to move back below the 50% midpoint of the move higher from the 2022 low. What next for the pair?