July 31, 2024 at 02:17PM In the kickstart video for July 31, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective. The USDJPY is down sharply after the Bank of Japan did raise rates by 50 basis points…
July 31, 2024 at 10:39AM Fundamental Overview The USD has been rallying steadily against most major currencies in the recent couple of weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we’ve been seeing were driven by deleveraging from…
July 26, 2024 at 02:20PM In the kickstart video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. The EURUSD is trading up and down over the last three trading days. In the buyer’s favor,…
July 25, 2024 at 08:52PM The GBPUSD has traded to a new low and with it is testing a cluster of support targets. Those levels come between 1.2845 to 1.2860. The low just reached 1.2852. Move below and the break higher this week starts to break down more. Find the…
July 23, 2024 at 09:01PM Earlier this month, I did a series of posts, following the trend of the GBPJPY on a trend move higher. The move to the upside was helped by dips finding support against the 100-hour MA. That continued until it didn’t and the technical story changed.…
July 23, 2024 at 02:30PM In the kickstart video for July 23, I take a technical look at the EURUSD, USDJPY and GBPUSD. For the EURUSD, it traded up and down yesterday and tried to get back above its 200-hour moving average (green line), but could not find any upside…
July 23, 2024 at 11:19AM Fundamental Overview The USD regained some strength in latter part of last week. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the end of the year and sees some chances of a back-to-back…
July 22, 2024 at 02:08PM The kickstart video each day looks at the 3 major currency pairs from a technical perspective. Those 3 pairs include the EURUSD, USDJPY and GBPUSD. To start the trading week, the price action is mostly up-and-down in those three major currency pairs. EURUSD: The EURUSD…
July 19, 2024 at 08:00PM Credit Agricole sees GBP as one of the best-performing G10 currencies, despite recent setbacks due to returning risk aversion and stickier-than-expected UK inflation. The GBP’s relative strength is attributed to expectations that the BoE will maintain rates, reinforcing its status as a top performer in…
July 19, 2024 at 02:47PM In the kickstart video for July 19th, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD has moved down continuing the decline from yesterday, and in the process tested its rising 200 hour moving average at…
