Forex Trading Blog and Market Insights

Intraday Market Analysis – USD Keeps High Ground 28-04-2022

Jing Ren Apr 28, 2022 600 0

USDCHF keeps momentum The US dollar continues upwards as traders pour in before the Fed hike next week. A bullish MA cross on the daily chart indicates an acceleration to the upside after a break above April 2021’ high at 0.9460.…
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Fundamental Analysis

US Q1 (Preliminary) GDP and What It Means for the Fed

Daniel John Grady Apr 27, 2022 715 0

Perhaps one of the most important releases of data points this week is the first look at the US GDP for the last quarter. The expectation is for it to be a key metric. This will not only evaluate the underlying health of the US economy,…
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Technical Analysis

Surfing the Waves with Gregor Horvat 27.04.2022

Gregor Horvat Apr 27, 2022 487 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: What’s Next for Twitter?

David Kindley Apr 27, 2022 599 0

Elon Musk has been warned he must protect Twitter users from harmful content. This comes after he struck a $44bn deal to buy the social media giant. Tesla stock dropped over 12% as Musk needs to borrow against his holdings in Tesla to…
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Technical Analysis

AMZN Primary Impulse Ⓐ Continues Decline

Roman Onegin Apr 27, 2022 494 0

AMZN suggests the formation of a standard zigzag consisting of sub-waves a-b-c of the cycle degree. Wave a is a bullish 5-wave impulse with the primary wave ⑤ being an ending diagonal. In the last section of the chart, there is a…
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Technical Analysis

Intraday Market Analysis 27.04.2022

Jing Ren Apr 27, 2022 605 0

EURUSD breaks critical support The euro struggles as the eurozone’s growth prospect dampens. The pair remains under pressure after it broke below a short-lived congestion area around 1.0770. A bearish breakout below March 2020’s…
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Fundamental Analysis

BOJ Interest Rate Decision and Yen Performance

Daniel John Grady Apr 26, 2022 670 0

The BOJ will hold its regular interest rate decision meeting tomorrow night. There isn't much speculation of any major change in policy. But, given the trajectory of the currency, potential commentary from officials is likely to be under…
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Technical Analysis

USDCHF Bullish Triple Zigzag Nears Completion

Roman Onegin Apr 26, 2022 669 0

The current USDCHF structure suggests that the cycle wave y is fully complete, followed by a cycle intervening wave x. The intervening wave x has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. Currently, actionary wave z of the cycle…
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Technical Analysis

Intraday Market Analysis 26.04.2022

Jing Ren Apr 26, 2022 635 0

XAUUSD tests critical support Gold weakens as traders continue to pour into the US dollar. A break below the base of the April rally at 1920 has put the bulls on the defensive as it would invalidate the recent rebound. March’s…
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Trading Articles

Why Forex Traders Might Care About Tech Stocks

Daniel John Grady Apr 25, 2022 894 0

Generally, currency traders don't have to care about what individual stocks are doing. In fact, it's one of the attractive features of Forex trading, that currencies are such a huge market that they generally are moved by macro events.…
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