Browsing Tag

interest rates

Intraday Analysis – USD loses ground

Jing Ren Dec 14, 2023 40 0

EURUSD rebounds sharply The US dollar sank after the Fed’s economic projections showed lower interest rates for 2024. A previous spike at 1.0820 had forced some sellers to cover, then a decisive surge may have put an end to the recent…
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Fundamental Analysis

BOC Rate Decision: Hawkish Hold?

Daniel John Grady Dec 6, 2023 63 0

Canadian data of late has been something of a mixed bag, which puts some uncertainty into what the BOC could do. There is a pretty strong consensus that there won't be any change in the interest rate. But what could move the markets is how…
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Fundamental Analysis

RBA Expected to Keep Rates Unchanged, but How Hawkish?

Daniel John Grady Dec 4, 2023 46 0

The AUDUSD has been on an upswing, of course aided by a weaker dollar. But the recent data out of Australia can make the case of a stronger Aussie. It's quite possible that even if the RBA holds rates unchanged, as expected, the pair could…
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Fundamental Analysis

How Much Further Can the EURUSD Rebound Go?

Daniel John Grady Nov 16, 2023 84 0

For over a month now, the EURUSD has been trending higher, thanks in large part to a weaker dollar. With both the Fed and the ECB shifting to a holding pattern from a hiking bias, it appears that a new situation is developing. Do the…
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Technical Analysis

How Forex Traders Can Use Swap Rates in Trading

Daniel John Grady Oct 11, 2023 231 0

Last week, we talked about what swap rates were and how they relate to forex. Now, let's see if we can incorporate that knowledge into some form that can be useful for trading. It might not be specifically a signal to start a trade. But an…
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Fundamental Analysis

Where Are the Dollar, Yen, and Euro Headed Now?

Daniel John Grady Aug 28, 2023 545 0

The much-anticipated gathering of central bank heads in Jackson Hole, Wyoming, is over, and the markets are expected to embark on a new trajectory. The event didn't have any major surprises, unlike previous editions, but there was plenty to…
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Technical Analysis

Intraday Analysis 21.08.2023

Jing Ren Aug 21, 2023 63 0

EURUSD grinds major support The euro retreats as a fall in Euro zone inflation would ease pressure on the ECB. On the daily chart, the price is grinding July’s bottom at 1.0840 as this is a critical level to keep the bullish momentum…
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Fundamental Analysis

BOC Interest Rate Decision: Another Hike?

Daniel John Grady Jan 24, 2023 712 0

After its last meeting, the BOC Governor Macklem said that the likely course would be a pause, unless there was a major change in the data. Of course he said it with a lot more words and technical jargon, but that was the essence of the…
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Technical Analysis

The Week Ahead – Earnings may reveal cost of high interest rates

Jing Ren Jan 20, 2023 118 0

EURUSD steadies over inflation relief The euro holds steady as inflation slows down. With prices of oil and gas falling back, Europe could put the much-daunted winter behind. Inflation effectively decelerated in the Euro zone in…
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Fundamental Analysis

BOJ Interest Rate Decision: Another Surprise?

Daniel John Grady Jan 17, 2023 160 0

Yen pairs have been extraordinarily active these last couple of days. Implied volatility in the USDJPY rose to a six-month high. There is a lot of apprehension about what might happen at the BOJ's interest rate decision overnight. Which is…
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