Browsing Tag

US Dollar (USD)

Has Omicron Changed Central Banks’ Response to Covid?

Daniel John Grady Dec 7, 2021 2,143 0

Conventional wisdom so far is that as the pandemic puts pressure on the economy, central banks would keep up the stimulus. The immediate market response in the wake of the omicron variant discovery was to react in accordance with that…
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Technical Analysis

Intraday Market Analysis 07.12.2021

Jing Ren Dec 7, 2021 598 0

GBPUSD attempts to rebound The sterling consolidates as BOE officials stress due to inflationary pressure from a tight labor market. So far, rebounds have been an opportunity for trend followers to sell into strength. The pound is…
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US October Durable Good and November Consumer Sentiment

Daniel John Grady Nov 23, 2021 2,122 0

Tomorrow we have the release of two key bits of data for the US economy. And the consensus among analysts points in opposite directions. One could point out that they cover separate months, but it appears it has more to do with focusing…
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Fundamental Analysis

US October Inflation: How High Can It Go?

Daniel John Grady Nov 9, 2021 1,472 0

Last week, the Fed acknowledged that inflation was higher than anticipated, and would likely stay that way for a while. Many economists would argue they are late to the party. But the fact that the Fed finally came around could indicate…
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Technical Analysis

Intraday Market Analysis 04.11.2021

Jing Ren Nov 4, 2021 426 0

EURUSD claws back losses The US dollar fell after the Federal Reserve called for patience on raising interest rates. The pair has met strong resistance at 1.1690, a previous demand zone on the daily chart that has turned into a…
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Technical Analysis

Intraday Market Analysis 03.11.2021

Jing Ren Nov 3, 2021 333 0

AUDUSD breaks lower The Australian dollar softened after a dovish RBA stressed that inflation was still too low to hike soon. The pair has met stiff selling pressure near last July’s high of 0.7550. While sentiment has turned…
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Fundamental Analysis

FOMC Meeting: Will the Taper Become Official?

Daniel John Grady Nov 2, 2021 1,170 0

Back in September, the FOMC said that they would start reducing the number of asset purchases in the near future. The market broadly interpreted this to mean that they would start in two months' time. Now we're at that point. And so…
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Technical Analysis

Surfing the Waves with Gregor Horvat 02.11.2021

Gregor Horvat Nov 2, 2021 407 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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Technical Analysis

Intraday Market Analysis 2021-11-02

Jing Ren Nov 2, 2021 331 0

USDCAD consolidates at 4-month low The US dollar retreats ahead of this week’s FOMC as traders await further catalysts. Price action has stabilized above 1.2300, a major demand zone from last summer. 1.2430 from the latest sell-off…
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Technical Analysis

Intraday Market Analysis 01.11.2021

Jing Ren Nov 1, 2021 341 0

USDCHF bounces off demand zone The US dollar inched higher after a solid core PCE reading in September. The pair is testing the major demand area from last August’s lows (0.9100). A bearish MA cross on the daily chart has dented…
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