Hawks dominate latest round of Fed speak; stocks slip, dollar rebounds But rate cut odds little changed as US jobs report awaited Yen firms after Ueda opens door to more rate hikes Oil extends gains on geopolitical tensions, but gold pulls back Fed officials cast doubt about rate cuts Fresh uncertainty about the timing and […]
GBPJPY is in the red again today, not far from its recent high It has dropped below the January 2, 2024 ascending trendline Momentum indicators are in waiting mode for the next key market events GBPJPY is trading lower again today as the market is preparing for today’s US labour market report, which could play […]
USDCAD bounces off 200-day SMA MACD and RSI are still weak USDCAD is moving slightly higher following the rebound off the simple moving averages (SMAs), remaining within a short-term ascending channel. Technically, the MACD oscillator is holding beneath its trigger line and near the zero level, weakening its momentum, while the RSI is pointing marginally […]
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week. Video Agenda: 00:00 INTRO 00:13 Totay’s […]
The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield […]
Details of economic calendar on April 4 On Thursday, data on the EU producer price index was published. The annual rate of decline in factory inflation escalated from -8.0% to -8.3% in March, but this happened only due to an upward revision of previous data, from -8.6%. At the same time, the revision of previous […]
Analysis of transactions and tips for trading USD/JPY Further growth became limited because the test of 150.53 coincided with the sharp rise of the MACD line from zero. Shortly after, another test took place, but sales could not be done because of the lack of overbought conditions for the pair. No other market signal appeared […]
Technical outlook: EUR/USD is pulling back after hitting the 1.0755-60 potential resistance defined earlier. The single currency pair found initial support around the 1.0680 mark as projected and we can expect an intraday bounce towards 1.0725 at least before bears are back in control. Also, note that 1.0680 is the Fibonacci 0.382 retracement of the […]
Early in the European session, gold (XAU/USD) was trading around 1,968.75 above the 21 SMA within the downtrend channel formed on November 3. The recovery of the dollar index (USDX) made the XAU/USD fall to 1,956 recorded yesterday during the American session. Bearish pressure remains in force and gold could resume its decline if it […]
EUR/USD Higher Timeframes Bears continued the decline yesterday and tested the area of influence of the lower boundary of the daily cloud, but they couldn’t hold onto the achieved levels. Today, the situation remains within the limits, with the boundaries being 1.0733 – 1.0766 (weekly levels) and 1.0638 – 1.0614 (daily levels + weekly short-term […]
With a price movement which is above its EMA 200 that has an upward slope as well as the appearance of Bullish 123 pattern followed by the Bullish Ross Hook (RH) which in a few times manages to breakout above as well as the appearance of Fractal Bar pattern which detected at the candle Pinbar […]
On the daily chart of Crude Oil commodity asset, there is the price movement as well asTenkan Sen and Kinjun Sen which is on the death cross intersect is below the Kumo. Even though the Chikou Span still inside the Kumo, but the Future Kumo (Chocolate Box) gives the Bearish clue (pink), which means currently […]
EUR/USD On Tuesday, the euro continued to face pressure from Monday, even slightly more so due to the decline in commodity prices (crude oil down 2.1%) and as U.S. Treasury yields fell. German industrial production dropped in September by 1.4% compared with the previous month (-3.86% YoY), which fueled concerns about a European recession. Now […]
GBP/USD Yesterday’s decline was supported by the 1.2271/1.2287 range and the balance indicator line on the daily chart. This morning, the price is staying within this range, and if it settles below it, the target will be 1.2130, which is the nearest line in the price channel. If the price manages to settle above the […]
AUD/USD The Australian dollar, which showed strong movement on Tuesday, tested the support of the MACD indicator line on the daily chart. Thanks to the rebound from this support, the price maintains its potential for growth. The Marlin oscillator is progressing in an uptrend. A likely target is 0.6514. If the price surpasses this mark, […]
Analysis of macroeconomic reports: There are hardly any macroeconomic events on Wednesday, and none of them hold any importance. What can traders pay attention to? Perhaps the inflation data for Germany? This will be the second estimate of the report for October, which is unlikely to differ from the first… Retail sales in the European […]
Analyzing Tuesday’s trades: GBP/USD on 30M chart GBP/USD continued its downward movement on Tuesday, which had started the previous day. The pound did not have any fundamental or macroeconomic reason to fall. There were no significant reports released in either the U.S. or the UK. However, it’s important to remember that strong movements are often […]
Analyzing Tuesday’s trades: EUR/USD on 30M chart On Tuesday, EUR/USD continued its downward movement, which began on Monday, and by the end of the day, it was near the level of 1.0673. The pair couldn’t surpass this mark, and overall, volatility was 56 pips. Again, this is a very small value that doesn’t offer good […]
The USD/JPY pair is once again testing the 150.00 level amid a stronger US dollar. This is far from the first attempt to breach this elusive price barrier, which plays a big role. Traders find themselves caught between a rock and a hard place. On one hand, there are no other options for USD/JPY bulls […]
After witnessing significant market movements in stocks and bonds last week, the start of this week has been relatively calm. The yield on 10-year US Treasury bonds became steady after retreating from the psychological level of 5%. The dollar is trying to regain the initiative, which may prove challenging given the unexpectedly weak economic reports […]
The pair is expected to drop higher towards at least 1.2460 with a view to test the daily pivot point. The level of 1.2543 will act as strong resistance and the double top is already set at the point of 1.2543. On the other hand, if a breakout happens at the support level of 1.2205, […]
Overview : A trend in the EUR/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0636 and 1.0780. Resistance and support are seen at the levels of 1.0780 (also, the double top […]
The GBP/USD pair faced a strong resistance near 1.3200 and started a fresh downtrend. It broke the 1.2800 then 1.2600 support levels on a H4 candlestick and extended its decline towards 1.2500 where the pair showed some indecision in a tight range before resuming its bearish trend. The next target for the bears was located […]
The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]
During August, the EUR/USD pair has been trading in a narrow range between 1.0950 and 1.1050, waiting for a clear direction from the market sentiment and the economic data. Shortly after, the pair failed to maintain upside movement above the depicted uptrend. Instead, it was broken-down terminating the sideway movement. Shortly after, an upside pullback […]
Neither Israel’s invasion of Gaza, nor the increase in Chinese oil imports, nor the extension of production and export reduction commitments by Saudi Arabia and Russia have frightened the Brent bears. The quotes of the North Sea grade plummeted to their lowest level since the end of August against the backdrop of decreasing premiums for […]
The market is testing the Federal Reserve’s resilience for the fifth time in the current cycle of monetary policy tightening. The four previous attempts, when the decline in Treasury yields indicated a dovish pivot, turned out to be failures. However, if the Fed does make a mistake regarding the unfinished fight against inflation, there’s an […]
USDJPY edges higher again today, back above 150.15 Increased pressure on Japanese authorities to intervene Mixed momentum indicators complicate the outlook USDJPY is higher again today after bouncing off the lower boundary of the ascending trending channel that has been in place since mid-March. The announcements at last week’s Bank of Japan meeting have done little […]
The wave analysis for the pound/dollar pair remains quite simple and clear. The construction of a new downtrend segment continues, the first wave of which has taken on a rather prolonged form. In my view, there is no reason for the British currency to resume an upward trend, so I do not even consider such […]
The wave analysis of the 4-hour chart for the euro/dollar pair remains quite clear. Over the past year, we have only seen three wave structures that constantly alternate with each other. For the last few months, I have regularly mentioned that I expect the pair to be near the 5th figure, from which the construction […]
