Forex Trading Blog and Market Insights

Intraday Analysis 19.07.2023

Jing Ren Jul 19, 2023 73 0

AUDUSD seeks support The Australian dollar retreated after the RBA’s meeting minutes deemed its policy restrictive enough. The newly formed double top at 0.6900 is a sign of tempered enthusiasm after last week’s rally. A combination of…
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Technical Analysis

Intraday Analysis 18.07.2023

Jing Ren Jul 18, 2023 116 0

USDCHF struggles for bids The US dollar tries to stabilise after the market saw a low probability of further interest rate increases after July. The sell-off seems to be slowing down after the RSI repeatedly showed a deeply oversold…
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Fundamental Analysis

Will Canadian CPI Put a Cap on BOC, Finally?

Daniel John Grady Jul 17, 2023 77 0

Headline inflation in Canada is expected to fall back to the top of the target range, which would normally imply that rate hikes were done and over with. But the current situation is unusual, and the markets might end up pricing in more…
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Technical Analysis

The Week Ahead – End of tunnel

Jing Ren Jul 17, 2023 91 0

GBPUSD rallies over tightening prospect Cable rallies as the Bank of England has hands tied to keep raising interest rates. Despite a slight uptick in the unemployment rate in the UK, record high wage growth may keep the central bank…
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Technical Analysis

Intraday Analysis 17.07.2023

Jing Ren Jul 17, 2023 93 0

EURUSD keeps high ground The US dollar stays under pressure as traders adjust to the end of the Fed’s hike cycle. The euro has its way unobstructed after it broke above May’s peak of 1.1080. The pair has reached a near 17-month high at…
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Fundamental Analysis

What Forex Traders Need To Look Out For This Earnings Season

Daniel John Grady Jul 14, 2023 88 0

Corporate earnings season primarily affects the stock market. But how well businesses are doing is a basic component of the economy. And many of the companies reporting are so big that they can provide directionality for broader markets. If…
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Technical Analysis

Surfing the Waves with Gregor Horvat 14.07.2023

Gregor Horvat Jul 14, 2023 123 0

In today’s advanced ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, FXMajors, and #Commodities and discover how he applies EW principles to come up with…
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Technical Analysis

Intraday Analysis 14.07.2023

Jing Ren Jul 14, 2023 69 0

AUDUSD tests key resistance The Australian dollar climbs over an uptick in consumer inflation expectations in July. The pair has recovered from most of the recent decline and is on its way to test June’s peak of 0.6900. A break above…
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Fundamental Analysis

US CPI Aftermath: Trade and Commodity Currencies

Daniel John Grady Jul 13, 2023 66 0

Yesterday, the US CPI came in below expectations and the dollar weakened substantially, as we anticipated on Tuesday. The currencies that "benefitted" the most as the greenback slid were those backed by commodities. Despite a negative print…
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Technical Analysis

Intraday Analysis 13.07.2023

Jing Ren Jul 13, 2023 69 0

USDCAD tests major floor The Canadian dollar advanced after the Bank of Canada hiked its overnight rate by 25 basis points. The pair has turned south at the support-turned-resistance of 1.3380 from a previous lengthy consolidation on…
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