2022

International trade was the original purpose of Forex markets, even though the importance for trade data has dwindled a bit in comparison to other factors. But it's still an important indicator for figuring out where currency pairs might be…
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Pound pairs across the board were shaken up after a Tori party rebellion against Boris Johnson. Even though he won a vote of confidence, his peers have stated that the damage has already been done after the ‘partygate’ scandal. The…
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The internal DXY structure hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. At the time of writing, a cycle actionary wave z is under construction. The internal structure of the wave z suggests a…
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EURUSD hits resistance The US dollar bounces back ahead of inflation data later in the week. A bullish MA cross on the daily chart suggests that the recovery may have picked up speed. Even though the rally had come under pressure in…
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The RBA meets later today (or early tomorrow depending on where you are in the globe), and there is a very strong consensus that it will raise rates. But that doesn't mean the markets are likely to remain calm after the decision. There are…
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GBPUSD falls back Sterling struggles as Britain’s growth outlook rattles the market. The pair sought to consolidate its gains after a break above the daily resistance at 1.2640. A fall below 1.2480 has put short-term bulls on the…
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EURUSD recovers ahead of ECB meeting The euro bounces higher as the ECB is poised to lift its interest rate for the first time in a decade. Inflation in the euro zone further accelerated to four times the central bank's 2% target in…
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The price of crude has been on a rollercoaster this week. But what’s most surprising is that the price shot up yesterday after OPEC+ voted to increase production. Shouldn't more production mean lower prices? Well, let's go over what…
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