September 13, 2024 at 02:15PM In the kickstart video, for September 13, 2024, I take a look at three other major currency pairs – the EURUSD, USJDPY and GBPUSD. For the EURUSD, it moved to a swing area between 1.10976 and 1.11042 and found willing sellers. That area will be…
USD/CAD Technical Analysis Current Support Levels The USDCAD is currently supported by its 100-hour moving average, which is positioned at 1.35756. This moving average acts as a crucial support level, providing a base for potential bullish momentum. Resistance Levels to Watch For the USDCAD to exhibit a sustained bullish outlook,…
September 12, 2024 at 03:08PM In the kickstart video for September 12, I take a look at three the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. The USD is lower after they PPI data and the ECB rate decision to cut interest rates. All…
September 11, 2024 at 07:16PM The GBPUSD moved lower after the US CPI data, and in the process broke below its 38.2% retracement of the August trading range at 1.30363. The next target was at the 1.3000 level followed by the rising 200 bar moving average on the 4-hour chart…
September 11, 2024 at 02:33PM The US CPI data came in a little bit stronger-than-expected especially from the core inflation perspective. Shelter was to blame for most of the upside. Energy prices fell and are expected to fall further in the current month. US yields moved up by are coming…
September 11, 2024 at 10:45AM Fundamental Overview The bullish momentum in the USD is starting to fade as Treasury yields continue to fall. We had two possible catalysts yesterday. The first one was the much weaker than expected US NFIB Index which dropped to a 3 month low. There wasn’t…
HUBFX Market Report – September 10, 2024 A Recession Looms Over Europe Early Next Year As we approach the final quarter of 2024, all eyes are on Europe as an economic recession is expected to hit early next year. Geopolitical tensions, inflation, and sluggish growth have weighed heavily on the…
September 09, 2024 at 02:33PM Friday employment day in the US, led to volatile up and down price action in the major currency pairs. Today, the USD is trading higher (EURUSD and GBPUSD are lower while the USDJPY is higher) but the greenback is coming off highs. In this video,…
September 06, 2024 at 02:25PM The US jobs report was a bit weaker than expectations especially when you consider the -86,000 revision to the prior month’s. Nonfarm payroll rose by 142K lower than the 161K estimate but the unemployment rate did fall to 4.2% from 4.3%. The USD dollar had…
September 05, 2024 at 09:24AM Fundamental Overview The US Dollar has come back under pressure recently as we got a couple of soft US data. The US ISM Manufacturing PMI disappointed the market as it came lower than expected and the new orders index dropped further into contraction. The US…
