Forex Trading Blog and Market Insights

Can August NFP Declare That Fed Rate Hikes Are Over?

Daniel John Grady Aug 31, 2023 76 0

The dollar slipped through the early part of this week as investors are starting to believe there is weakness in the US labor market. Usually, a slowing jobs market would be a bad sign for the economy. But the unemployment rate has been…
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Technical Analysis

Euro Inflation to Fall, Will Euro Pairs Follow?

David Kindley Aug 31, 2023 65 0

The EURUSD pair jumped over 100 pips since finding support around the 1.08 level. With Euro inflation data expected to slide further, will this mean another jump toward the 1.10 handle? As the NFP approaches, more uncertainty over a…
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Technical Analysis

Market Analysis – USD Turns Lower

Jing Ren Aug 31, 2023 59 0

USDJPY seeks support The Japanese yen bounced after July’s retail sales report beat expectations. The latest rally has come to a halt at 147.30 and an initial drop below 146.40 has prompted intraday buyers to cut back their exposure.…
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Fundamental Analysis

China PMIs and Market Rebound

Daniel John Grady Aug 30, 2023 80 0

Given what's been going on in China lately, there will be a lot of attention on the upcoming Chinese PMIs. Not only because China is likely to drive (or drag on) the global economy, but sentiment can drive commodity currencies like the…
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XAUUSD Correlation Pairs: Gold and Yen Correlation

Orbex Aug 30, 2023 25,779 0

Gold is one of the favorite trading instruments in the precious metals asset class. Its appeal ranges from the intraday trader/speculator to investors involved in actual purchasing of the bullion. Well-known for its status as a…
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Technical Analysis

Intraday Analysis – Gold bounces back

Jing Ren Aug 30, 2023 88 0

GBPUSD tries to bottom out The higher beta pound bounces as risk sentiment recovers. The price may continue to be skewed to the downside after June’s swing low and the round number of 1.2600 failed to contain the corrective impetus.…
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Technical Analysis

Surfing the Waves with Gregor Horvat – Elliott Wave Analysis

Gregor Horvat Aug 29, 2023 58 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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Fundamental Analysis

EuroZone August Inflation and ECB Hike

Daniel John Grady Aug 29, 2023 54 0

The ECB is facing a complicated scenario that makes it harder to figure out what they will do with policy. In turn, that makes the future of the Euro somewhat uncertain. Short-term volatility might remain the theme for the currency unless…
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Technical Analysis

Hawkish Fed Pauses Gold’s Ascent!

David Kindley Aug 29, 2023 41 0

With the Fed reaffirming its hawkish stance, Gold buyers are looking at a cap on the yellow metal. After gaining positive traction for a second successive session, the $1930 handle becomes a major psychological level. So, is this just…
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Technical Analysis

Intraday Analysis – USD Holds Steady

Jing Ren Aug 29, 2023 58 0

USDCAD tests major ceiling The US dollar remains firm as traders expect resilient data later this week. On the daily chart, the price is probing last May’s double top near 1.3650, a major ceiling that so far has capped the greenback’s…
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