September 04, 2024 at 04:13PM The USD is moving lower across the board and those moves has the GBPUSD, USDCHF and USDCAD all testing the key 200 hour MAs. GBPUSD:The GBPUSD has moved above a swing area between 1.3128 and 1.31447 and also the 100 hour moving average at 1.3136.…
HUBFX Weekly Market Report: ECB’s Simkus, Market Volatility, and Technical Analysis Insights In this week’s HUBFX report, we delve into the most significant market events shaping the financial landscape. The European Central Bank’s (ECB) hawkish stance, the turbulent state of global markets, the significant drop in oil prices, and critical…
September 03, 2024 at 02:27PM In the kickstart video, I take a technical look at the EURUSD, USDJPY and GBPUSD. For the EURUSD, it moved down to test the 38.2% retracement of the August trading range near 1.10389 but has since bounced back to the upside. If the sellers are…
August 29, 2024 at 10:56PM As the market heads toward a close for the week, I take a look at what happened this week technically and where we may be going today and into next week for the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. Be aware…
August 29, 2024 at 03:59AM Price action is limited with the EURUSD low to high trading range only 15 pips, but the price has been able to extend above the 200-hour MA at 1.11267 (green line in the chart above). If the buyers can keep the price above that level,…
August 28, 2024 at 10:40PM In the kickstart video for the start of trading for August 29, I take a technical look at the EURUSD, USDJPY and GBPUSD. What levels are in play? What are the risks, and the targets for each and I also explain and show why those…
August 28, 2024 at 09:52AM Fundamental Overview Since last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact,…
August 27, 2024 at 11:17PM In yesterday’s video, looking at the EURUSD, USDJPY and GBPUSD, I stressed: “On Monday, the EURUSD moved lower and in doing so, is moving closer to its rising 100-hour moving average currently at 1.1143 (the price is at 1.11615). That moving average will be a…
August 27, 2024 at 06:45AM USD: Bearish The bank expects a weaker USD in the medium term due to anticipated Fed rate cuts and slower US growth. But downside is somewhat balanced by the fact that a significant amount of easing is already priced in (approximately 190bps). Risks include the…
August 27, 2024 at 05:57AM GBP has testified of its high beta properties after its rapid recovery in August alongside other risky assets Expected downside in EURGBP below 0.85 and upside in GBPUSD above 1.30 to extend Maintains long recommendation in GBPCHF Main drivers of the bullish view is positive…
