Welcome to the Weekly Forex Report, your go-to source for analysing the latest forex market trends. This week’s report covers the rise of USD/JPY and the impact of falling Canadian retail sales. A Big Day for Canada In this Weekly Forex Report, we explore key movements, Canada took centre stage…
September 20, 2024 at 07:13PM In the kickstart video from earlier today, I highlighted the key levels in the GBPUSD. On the downside the 1.3265 was key support. Looking at the GBPUSD price action since then (see chart below), the low price for the day came in at 1.32676, just…
September 20, 2024 at 02:19PM In the kickstart video for September 20, 2024, I take a look at three the major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective. The EURUSD has traded up and down today but stayed below the 1.1184 – 1.11897 area.…
September 20, 2024 at 11:05AM Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an…
September 19, 2024 at 08:41PM The GBPUSD experienced a volatile session today, similar to many other pairs. Following the Bank of England’s decision to keep interest rates unchanged, the price surged to a high of 1.33132. However, the momentum reversed after the US weekly jobless claims report came in better…
September 18, 2024 at 05:42PM The GBPUSD did make a run to the upside in the early US session and in the process extended above a swing area between 1.3221 and 1.3230. I talked about that area in the earlier video starting at the 7-minute mark. The move above that…
September 17, 2024 The USD/JPY pair surged above the critical 100-hour moving average (MA) today, marking a notable shift in market sentiment as the US dollar strengthened against the Japanese yen. This move was driven by better-than-expected US economic data, including robust retail sales and industrial production figures, which provided…
September 17, 2024 at 02:23PM Kickstart the FX trading day for September 17 with a technical look at the EURUSD, USDJPY and GBPUSD. Included today is a bonus look at the USDCAD after Canada released lower-than-expected CPI data, and the US reported better-than-expected retail sales data. The EURUSD has moved…
September 17, 2024 at 10:11AM Fundamental Overview Last Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”,…
September 16, 2024 at 02:32PM F In the kickstart video for September 16, I take a technical look at the 3 major currency pair vs the USD – the EURUSD, USDJPY and the GBPUSD. This week, the US Fed, Bank of England and the Bank of Japan will all meet.…
