Forex Trading Blog and Market Insights

BOJ Shifting Tone on YCC?

Daniel John Grady May 26, 2023 417 0

The USDJPY bumped against the technically important 140.00 handle, and the Japanese government took notice. Both BOJ Governor Ueda and Finance Minister Suzuki addressed the yen, and it has retraced a bit. Does this mean the BOJ could be…
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Technical Analysis

Dollar Jumps Whilst Gold Slumps!

David Kindley May 26, 2023 89 0

Gold dropped to multi-month lows at $1,940 after improved GDP data in America. With the Dollar bouncing to fresh highs, it was a day to forget for the yellow metal. As the bank holiday weekend comes into play, will we see any more…
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Technical Analysis

NZDUSD Intermediate Impulse Begins!

Roman Onegin May 26, 2023 66 0

We talked about NZDUSD three weeks ago. The pair presumably builds a correction zigzag pattern consisting of three primary waves Ⓐ-Ⓑ-Ⓒ. Primary impulse wave Ⓐ completed successfully. The bearish correction Ⓑ is under development, its…
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Technical Analysis

Intraday Analysis – USD tries to recover 26-05-2023

Jing Ren May 26, 2023 99 0

USDJPY breaks psychological hurdle The US dollar climbed as data showed a resilient economy despite a restrictive rate environment. A break above the daily supply zone around 137.50 has put the dollar back on track as selling interests…
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Technical Analysis

Join Our Masterclass Webinar: “Price Action Trading Strategies” | 1-06-2023

Orbex May 25, 2023 79 0

Don’t miss your chance to attend another Orbex Trading Masterclass webinar: “Price Action Trading Strategies” with leading industry expert and seasoned market analyst Daniel John Grady. Register to join our live webinar on Thursday,…
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Fundamental Analysis

Germany Enters Recession, Who’s Next?

Daniel John Grady May 25, 2023 96 0

This morning, Germany published the final version of its Q1 GDP figures, showing negative growth. Added to the negative result in the final quarter of last year, that means Germany technically has been in a recession. The market, on the…
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Technical Analysis

USDCAD Triple or Double Zigzag?

Roman Onegin May 25, 2023 74 0

The USDCAD pair is currently forming a global triple zigzag with cycle waves w-x-y-x-z. At the time of writing, the final actionary sub-wave z is being built. This takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the sub-waves…
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Technical Analysis

Fed Hints at Pause as USD Bounces!

David Kindley May 25, 2023 57 0

EURUSD fell to a four-week low towards the 1.07 zone. Cautious sentiment has seen the Fed admit that the next rate hike should be followed by a pause. With the recent banking turmoil still lingering, policy makers will be going into…
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Technical Analysis

Intraday Analysis – NZD turns lower

Jing Ren May 25, 2023 57 0

NZDUSD breaks critical support The New Zealand dollar plunged after the RBNZ put an end to its interest rate hikes. A sweep below the demand zone around 0.6200 was a sign of liquidation, invalidating the rebound over the past two…
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Technical Analysis

Surfing the Waves with Gregor Horvat 24.05.2023

Gregor Horvat May 24, 2023 99 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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