June 27, 2024 at 10:43AM Fundamental Overview The USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Although such data keeps the interest rates expectations stable around two cuts by…
June 26, 2024 at 05:09AM USD/CAD Could see significant upward movement, particularly in a risk-off market. As the Fed and BoC policies diverge, with the Fed potentially being less dovish than the BoC, the USD/CAD pair is likely to benefit. Investors might not currently be pricing in this divergence fully,…
June 25, 2024 at 09:29PM As we head closer to the Asia-Pac session, let’s take a look at where the FX majors are trading. Sterling is in the top spot while the EUR has been the underperformer. Can’t really put a good enough reason on the price ation yesterday. CAD…
June 24, 2024 at 11:29PM Rationale for long NOK: The Norges Bank is one of the last central banks likely to cut rates. The bank’s decision to keep rates on hold, coupled with elevated inflation expectations and wage growth, suggests a hawkish stance. The NOK is considered extremely undervalued, and…
June 21, 2024 at 04:24PM The GBPJPY has been on an upward trend this week, but it turned lower during the European session following weaker-than-expected flash PMI data. The price dropped below its 100-hour moving average (blue line on the chart above at 200.77) but found support near the 200-hour…
June 21, 2024 at 02:13PM In the kickstart video for June 21, I take a look at the three major currency pairs from a technical perspective and explain what the bias is, what the risks are, and what the targets are for each. The EURUSD corrected up to tested 61.8%…
June 21, 2024 at 10:43AM The subtle dovish hints by the BOE yesterday was enough to pin the pair down, erasing the gains from earlier in the week. That is putting cable near where it left off on Friday but with the low today having tested the 100-day moving average…
June 20, 2024 at 08:20PM The GBPUSD fell earlier today. The BOE kept their policy rate unchanged today. However, as Justin pointed out in his posts after the decision, the Bank of England’s latest statement includes subtle dovish hints suggesting potential rate cuts in the near future. In the forward…
June 20, 2024 at 02:31PM In the kickstart video for June 20, 2024, I take a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD held resistance against the 200 hour MA yesterday and again today. That moving average currently comes in…
June 20, 2024 at 10:25AM Fundamental Overview The USD has been generally weaker this week after the strength seen last week due to some risk off sentiment. In fact, it looks like it’s just sentiment that’s been driving the market recently as fundamentally the soft US inflation figures just consolidated…
