Forex Trading Blog and Market Insights

Why Didn’t the Market React Positively to China’s GDP Beat?

Daniel John Grady Apr 22, 2022 645 0

Last Monday, China reported annualized Q1 GDP growth at 4.8%, above expectations of 4.4%. Normally, that would be expected to give a positive boost to Chinese assets. After all, better than expected economic activity should be good for…
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Trading Articles

XAGUSD: How Low Could the Price of Silver Go?

Roman Onegin Apr 22, 2022 652 0

XAGUSD seems to be forming a long-term correction wave b of the cycle degree. Wave b, judging by its shape, is a triple zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of this triple zigzag are already fully…
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Trading Articles

Intraday Market Analysis 22.04.2022

Jing Ren Apr 22, 2022 526 0

USDJPY sees limited pullback The Japanese yen softens after a weaker-than-expected CPI in March. The RSI’s overbought condition on both hourly and daily charts points to an extreme overextension. Buyers may be reluctant to chase…
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Fundamental Analysis

Global Flash April PMIs: Fading Optimism

Daniel John Grady Apr 21, 2022 618 0

Tomorrow Markit releases its preliminary (flash) PMI surveys for April. Generally, it's just half the number of managers surveyed, but typically the number isn't all that different from the final one. So, the market tends to move in…
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Stocks

StockWatch: Tesla’s Hits Another Earnings Record!

David Kindley Apr 21, 2022 566 0

Tesla has posted record profits once again as it blew away Wall Street estimates. This caps off another record earnings season for the company as it overcame supply chain issues. Proctor & Gamble also hit a high note, as their…
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Technical Analysis

DXY Triple Zigzag Pushes Above $101

Roman Onegin Apr 21, 2022 697 0

The current formation of the DXY index hints at the development of a large triple w-x-y-x-z zigzag of the cycle degree. The intervening wave x ended, which is a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag of the primary degree. At the time of…
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Technical Analysis

Intraday Market Analysis 21.04.2022

Jing Ren Apr 21, 2022 586 0

USDCAD breaks support The Canadian dollar soared after red hot inflation readings in March. The greenback’s struggle to reclaim 1.2670 suggests a lack of momentum from the buy-side. A fall below 1.2540 triggered a new round of…
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Technical Analysis

Surfing the Waves with Gregor Horvat 20.04.2022

Gregor Horvat Apr 20, 2022 737 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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Stocks

StockWatch: Netflix Falls Again with Another Subscriber Miss!

David Kindley Apr 20, 2022 771 0

Netflix confirmed that it has lost more subscribers as it reported first-quarter earnings. The streaming giant was expected to add 2.5 million subscribers, and it said it expects to lose another 2 million subscribers in Q2. With the…
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Fundamental Analysis

EU CPI and European Economic Outlook

Daniel John Grady Apr 20, 2022 671 0

Tomorrow we get European CPI figures, which usually don't move the market. That's because we get each constituent country's CPI figures earlier, so there isn't much of a surprise. However, these are not "usual" times, particularly given…
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