Forex Trading Blog and Market Insights

Upcoming China inflation and Commodity Demand

Daniel John Grady Sep 8, 2022 715 0

Earlier this week, the PBOC made a "surprise" announcement cutting the reserve requirement ratio (RRR) for banks. The "surprise" is in quotes, because even though it wasn't pre-announced, the economic situation was such that a lot of…
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Technical Analysis

Pound Hits 37-Year Low as Yen Also Suffers!

David Kindley Sep 8, 2022 495 0

The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling yesterday. Europe and the UK look like they are headed for a challenging couple of months, with recession very likely for both economies. Investors…
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Technical Analysis

XAUUSD Cycle Wave z Tests $2K!

Roman Onegin Sep 8, 2022 544 0

The current structure of the XAUUSD pair hints at a global correction pattern. This takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This ended as a…
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Technical Analysis

Intraday Market Analysis 08.09.2022

Jing Ren Sep 8, 2022 483 0

EURUSD attempts to break out The euro recoups losses as traders expect a 50bp interest rate increase by the ECB. A bearish MA cross on the daily chart following a brief consolidation shows that the mood remains cautious at best. A…
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Technical Analysis

Surfing The Waves With Gregor Horvat 07.09.2022

Gregor Horvat Sep 7, 2022 577 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, #FXMajors, and #Commodities and discover how he applies EW principles to come up with…
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Fundamental Analysis

Forex Implications of the New UK Prime Minister

Daniel John Grady Sep 7, 2022 2,586 0

In general terms, the economic policy of the UK under the new government is expected to remain very similar. For example, the new Chancellor Kwasi Kwarteng might have had differences in public image with former chancellor Sunak, but in…
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Technical Analysis

Bitcoin Loses $20K Handle Once Again!

David Kindley Sep 7, 2022 407 0

The Bitcoin market experienced a pullback in prices in yesterday’s trading. Another $1k drop in the value of the world’s biggest crypto saw pressure under the $20k handle once again. With September being volatile for the markets, will…
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Technical Analysis

AUDUSD Cycle Correction b To End Near 0.645

Roman Onegin Sep 7, 2022 474 0

AUDUSD seems to be forming a zigzag a-b-c, which currently includes a complex bearish correction b. Wave b consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the final primary wave Ⓩ. It…
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Technical Analysis

Intraday Market Analysis 07.09.2022

Jing Ren Sep 7, 2022 378 0

AUDUSD struggles for bids The Australian dollar takes a hit as risk appetite continues to recede across markets despite the RBA’s 50bp hike. A bearish MA cross on the daily chart shows a deterioration in sentiment. A fall below the…
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Fundamental Analysis

How Much Will the ECB Hike?

Daniel John Grady Sep 6, 2022 601 0

We can expect quite a bit of volatility on Thursday, when the ECB will make its rate decision. Surveyed economists are almost evenly split on whether there will be a 50bps or a 75bps hike. The market has priced in around 68bps, implying a…
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