Forex Trading Blog and Market Insights

The Big Short: Has the Market Peaked?

Daniel John Grady Aug 16, 2023 76 0

Yesterday there were two things that coincided which probably raised the eyebrows of a few traders. First was the news about Michael Burry. He's famous for having predicted the collapse of the subprime market, and there was a movie made…
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Technical Analysis

Intraday Analysis – USD keeps its edge 16-08-2023

Daniel John Grady Aug 16, 2023 83 0

EURUSD tests critical support The US dollar advanced after an acceleration in July’s retail sales figures. The pair is seeking support over the daily demand zone near 1.0870 at the base of the July breakout rally. This is an important…
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Fundamental Analysis

FOMC Minutes and the Rising Dollar

Daniel John Grady Aug 15, 2023 70 0

The dollar could get another boost tomorrow following the release of the minutes of the last FOMC meeting. What investors are likely to be mostly focused on is how likely the Fed is to raise rates either in September or November. Besides…
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Fundamental Analysis

UK Jobs, CPI Figures to Define BOE Hike

Daniel John Grady Aug 14, 2023 972 0

There is a trove of data from the UK coming out this week, with two key data points that could be pivotal for determining how much the BOE will hike at its next meeting. After the GDP figures reported last week were better than expected,…
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Technical Analysis

The Week Ahead – Geopolitics matters

Jing Ren Aug 14, 2023 52 0

GBPUSD awaits inflation data The pound steadies as traders look for clues in July’s inflation data. Both job and retail data may stir up volatility but the CPI is likely to be a major market mover. The market has scaled back their…
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Technical Analysis

Intraday Analysis – USD holds ground

Jing Ren Aug 14, 2023 50 0

USDCHF bounces higher The US dollar finds support from an increase in producer prices in July. The pair has been looking to hold onto its gains after a jump above 0.8700, turning the latter into a tested support level. The upper band…
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Fundamental Analysis

Will the Yen’s Weakness Prompt Another Intervention?

Daniel John Grady Aug 11, 2023 77 0

It's a holiday in Japan, and with the BOJ away, the markets have gone ahead and substantially weakened the yen. The USD/JPY moved to the highest it has been since the end of June. The EUR/JPY was even more dramatic, rising to levels not…
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Technical Analysis

Intraday Analysis – Gold struggles for support 11-08-2023

Jing Ren Aug 11, 2023 90 0

GBPUSD struggles to bounce Cable turned lower after the US CPI showed an uptick in July. The pair had previously found support over June’s swing low of 1.2600, a major level on the daily chart, as trend followers look to sustain the…
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Fundamental Analysis

UK Q2 GDP Expected To Be Positive

Daniel John Grady Aug 10, 2023 639 0

The consensus among analysts is that the UK will have managed to scrape out a very small amount of growth in the second quarter. Tomorrow sees the publication of the preliminary version of the data, which could be subject to revisions…
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Technical Analysis

CPI Up Next as Gold Drops Towards $1900!

David Kindley Aug 10, 2023 93 0

Gold remains in a bear market as the $1920 level begins being tested. With YoY inflation data expected to pick up, higher rates could weigh heavy on the yellow metal. As Silver follows the same path, are the metal markets in for a…
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