Forex Trading Blog and Market Insights

The Gold Slips $20 as Fed Looks to Hike!

David Kindley Jul 25, 2023 59 0

The Gold rally appears to be losing some momentum ahead of the Fed’s next meeting. It is widely expected that another hike in interest rates will be made, however, will this be the final time? What is known that if it is a hawkish…
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Technical Analysis

Intraday Analysis 25.07.2023

Jing Ren Jul 25, 2023 67 0

NZDUSD tests major support The US dollar holds onto recent gains as PMI data show the US as the most resilient economies. The long drift lower is a sign of profit-taking from the previous surge and the pair is now testing the demand…
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Fundamental Analysis

Australia June CPI and the Prospect of More Rate Hikes

Daniel John Grady Jul 24, 2023 71 0

After the RBA left the door open for another rate hike when it meets next week, there is a lot of attention on CPI figures to be released on Wednesday. There was quite a bit of division ahead of the last rate decision, so the surprise of…
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Technical Analysis

Intraday Analysis – GBP seeks support

Jing Ren Jul 24, 2023 83 0

GBPUSD probes for support Cable tries to stabilise after June’s retail sales beat expectations. A break below 1.2900 has further put the bulls on the defensive. On the daily chart, the pound is still in an uptrend, this means that the…
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Technical Analysis

The Week Ahead – Stay the course

Jing Ren Jul 24, 2023 84 0

EURUSD rallies as ECB to keep hiking rates The euro advances as the ECB is expected to maintain a hawkish stance. Even though inflation in the euro zone has been slashed by half from its peak of 10.6% last October, policymakers are…
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Fundamental Analysis

Global Flash PMIs to Set Risk Tone

Daniel John Grady Jul 21, 2023 66 0

Next week is going to be busy, with potentially a lot of volatility in the markets. It's going to start off with a bang, considering the release of a series of preliminary PMI figures for July. PMIs often move the market because they are…
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Technical Analysis

Intraday Analysis – JPY still under pressure 21-07-2023

Jing Ren Jul 21, 2023 92 0

USDJPY attempts to rebound The Japanese yen recoups some losses over an uptick in June’s CPI reading. Sentiment has turned cautious after the greenback fell below the daily support of 138.50. A bullish RSI divergence showed a slowdown…
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Fundamental Analysis

Inflation Surprising to the Downside: The End of Hikes?

Daniel John Grady Jul 20, 2023 73 0

Yesterday the UK reported inflation falling more than analysts had predicted. It's the latest in several countries to report the same. Earlier in the week, Canada reported an unexpectedly large drop in inflation, returning to the target…
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Technical Analysis

Intraday Analysis – GBP sees pullback

Jing Ren Jul 20, 2023 73 0

GBPUSD seeks support The pound tumbled after the UK’s consumer price growth showed a noticeable slowdown in June. A clean cut below the first support and the round number of 1.3000 suggests that short-term buyers have trimmed their…
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Fundamental Analysis

Japan Inflation and the YCC Rumors

Daniel John Grady Jul 19, 2023 545 0

Japan will release some key data over the coming days that could provide some directionality for the JPY. The yen hasn't been acting all that "normally" recently, as traders hang on comments from Japanese officials that might indicate…
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