Forex Trading Blog and Market Insights

February NFP and Chance of a Surprise

Daniel John Grady Mar 9, 2023 936 0

Following Fed Chair Powell's comments on Capitol Hill last Tuesday, there is a lot of expectation around the upcoming NFP figures. Powell essentially said that if economic data came in well above expectations, then there would be a 50bps…
Read More

Technical Analysis

Fed & NFP Look to Drop Indices!

David Kindley Mar 9, 2023 108 0

US Indices lost over 1.5% as the Fed reiterated its stance on raising rates. The committee also stated that the terminal rate is likely to be higher than previously anticipated. With the NFP number coming in tomorrow, what will be the…
Read More

Technical Analysis

GBPJPY Double or Triple Zigzag? 09-03-2023

Roman Onegin Mar 9, 2023 103 0

On the current chart for the GBPJPY pair, we see the final part of the triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ inside a large wave y. As part of the triple zigzag, the last sub-wave Ⓩ is formed. It seems to take the form of a double zigzag (W)-(X)-(Y).…
Read More

Technical Analysis

Intraday Analysis 09.03.2023

Jing Ren Mar 9, 2023 107 0

EURUSD tests critical floor The euro dips further over weaker-than-expected eurozone GDP in Q4. On the daily chart, the pair came under pressure on the 30-day SMA (1.0700). A subsequent liquidation below 1.0630 then 1.0550 has…
Read More

Technical Analysis

Surfing the Waves with Gregor Horvat 08.03.2023

Gregor Horvat Mar 8, 2023 97 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…
Read More

Fundamental Analysis

Upcoming Interest Rate Decisions: BOC and BOJ

Daniel John Grady Mar 8, 2023 107 0

The two remaining major central bank meetings for this week are expected to conclude with no change in monetary policy. But there are particulars from each that could make each event noteworthy. The global cycle of rate hikes will…
Read More

Technical Analysis

Gold Pressured by Fed Testimony!

David Kindley Mar 8, 2023 97 0

Gold reached its lowest level this week as Jerome Powell reiterated his willingness to raise rates at a faster pace. Given that the latest economic data came in stronger than expected, there is room for more aggression. With gold…
Read More

Technical Analysis

USDJPY Intervening Wave Ⓧ Lifts Prices Above 1.40!

Roman Onegin Mar 8, 2023 98 0

The USDJPY pair continues to form a bearish trend which takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Wave Ⓧ is a double zigzag consisting of intermediate sub-waves (W)-(X)-(Y). If this scenario is confirmed, a fall in wave Ⓩ…
Read More

Technical Analysis

Intraday Analysis – USD gains momentum

Jing Ren Mar 8, 2023 134 0

USDCHF bounces back The US dollar popped after Fed Chair Jerome Powell hinted at a return to larger rate increases. On the daily chart, after pulling back from its three-month high at 0.9440, the greenback found…
Read More

Fundamental Analysis

Does Windsor Protocol Mean Brexit is Over?

Daniel John Grady Mar 7, 2023 109 0

There was quite a bit of fanfare around the signing of what is now called the "Windsor Protocol". The agreement between the EU and the UK was supposed to put an end to the Northern Ireland Protocol that had dogged the Brexit procedure for…
Read More

Previous 1 … 450 451 452 453 454 … 2,061 Next