Forex Trading Blog and Market Insights

Intraday Analysis – Gold bounces back

Jing Ren Dec 22, 2023 59 0

USDCHF tests crucial floor The US dollar slipped after the GDP in the third quarter was revised down. The price is heading towards July’s low of 0.8550 as sentiment remains wary about the US dollar’s general softness. A ‘buy-the-dips’…
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Fundamental Analysis

US Core PCE Index: The Last Hiccup of the Year?

Daniel John Grady Dec 21, 2023 69 0

Markets have apparently full-on embraced the prospect of a Santa Rally this year, with US stock indices scoring 6-year record growth over the last week. For forex traders, that means the dollar has been substantially on the backfoot as…
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Technical Analysis

Intraday Analysis 21.12.2023

Jing Ren Dec 21, 2023 55 0

GBPUSD seeks support Cable stalled after Britain’s inflation and retail sales numbers fell sharply in November. The price is looking to consolidate its gains after lifting offers around 1.2730. As the RSI drops back from its double top…
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Fundamental Analysis

Can Japanese Inflation Shock the BOJ into Action?

Daniel John Grady Dec 20, 2023 57 0

Despite the BOJ doing essentially nothing at its latest meeting, the yen weakened substantially. The USDJPY jumped over two large handles in the aftermath, even with a weaker dollar. Clearly, the markets were disappointed with what just…
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Technical Analysis

Intraday Analysis – JPY loses momentum

Jing Ren Dec 20, 2023 51 0

USDJPY recoups some losses The Japanese yen weakened after the BoJ kept its dovish policy guidance. On the daily chart, the pair is still in a recovery mode after coming off a 12-month high of 152.00. The rebound is now taking on its…
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Fundamental Analysis

UK November Inflation: BOE is Done?

Daniel John Grady Dec 19, 2023 54 0

The last time the BOE met, it didn't have the benefit of the latest CPI figures for the country. The result of the meeting was seen as a little more hawkish than expected. Markets could interpret the upcoming inflation data releases as a…
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Technical Analysis

Intraday Analysis 19.12.2023

Jing Ren Dec 19, 2023 62 0

AUDUSD holds onto gains The Australian dollar edged higher after the latest RBA minutes revealed lingering discussions about rate hikes. A decisive break above 0.6680, a major hurdle from last August’s sell-off is a sign of a solid…
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Fundamental Analysis

BOJ meeting and EURJPY to Fall Below 150?

Daniel John Grady Dec 18, 2023 43 0

Over today and tomorrow, the BOJ is meeting for the final time this year. The consensus for the conclusion of the gathering tomorrow is that there won't be any major policy changes. But, there will be keen focus on comments from the…
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Technical Analysis

Intraday Analysis – EUR seeks follow-up

Jing Ren Dec 18, 2023 47 0

EURUSD consolidates gains The euro pulled lower after PMIs fell short of expectations across the bloc. The pair is testing once again the supply zone around 1.1010 formed by the recent peak and the start of last August’s sell-off. A…
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Technical Analysis

Surfing The Waves With Gregor Horvat Elliott Wave Analysis 15-12-2023

Gregor Horvat Dec 15, 2023 123 0

In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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