June 20, 2024 at 04:08AM The Bank of England Monetary Policy Committee is meeting on Thursday, 20 June 2024. Times below are GMT, the BoE announcement is due at 1100 GMT, which is 0700 US Eastern time (as a ps. the SNB decision is due at at 0730 GMT /…
June 18, 2024 at 08:43PM The best traders anticipate the next trade. In this video I take a look at the GBPJPY and the EURJPY from a technical perspective and pick out the key level that will define the bullish/bearish barometer heading into the new trading day and explain why…
June 14, 2024 at 11:28AM Fundamental Overview The USD was sold across the board on Wednesday following the soft US CPI report. The data made the market to price back in two cuts for this year. Later in the day though we got a bit more hawkish than expected FOMC…
June 13, 2024 at 05:34PM The GBPUSD is trading to a new session low, and in the process is testing the key 100-day moving average and 100-bar moving average on the 4-hour chart (it is dipping below the level now). A break below the level would tilt the technical bias…
June 13, 2024 at 02:18PM The economic data in the US over the last 24 hours has been on the dollars/week aside with CPI and PPI behaving nicely and the US initial jobless claims showing some employment slow down. From the Fed, however, the largely followed for plot showed only…
June 11, 2024 at 02:00PM The kickstart video takes a look at three the major currency pairs – the EURUSD, USDJPY and GBPUSD – at the start of the North American session. The EURUSD is moving lower and is testing a key swing area between 1.0722 and 1.07346 at the…
June 11, 2024 at 08:44AM Fundamental Overview The USD came back with a vengeance last Friday following the strong US NFP report where the data surprised with solid job and wage growth. There were also negatives like the uptick in the unemployment rate, but all in all, we can say…
June 10, 2024 at 07:52PM The GBPUSD moved lower in the Asian and early morning European session, but stalled the fall after buyers leaned against a swing area between 1.2674 and 1.2685. The 38.2% retracement of the move up from the May 9 low is also in that area. The…
June 10, 2024 at 02:16PM In the kickstart FX trading video for June 10, I take a look at 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD is sharply lower as the markets reacted negatively to higher rates and the European elections. France’s Macron called a…
June 07, 2024 at 03:21PM The USD continues its run to the upside with the USD making new highs against all the major currency pairs with the exception of the CAD. EURUSD. The EURUSD is testing its 38.2% retracement of the move-up from the May 1 low. That level comes…
