August 13, 2024 at 02:13PM In the kickstart video for August 13, I take a look at through the major currency pairs – the EURUSD , USDJPY and GBPUSD – from a technical perspective. The US PPI data came in tamer than expectations thanks to a fall in service prices.…
August 12, 2024 at 07:46PM The EURUSD and the GBPUSD both bounced off key hourly moving averages on the US session dip. The EURUSD bounced off its 100-hour MA at 1.0920. The 38.2% retracement of the move-up from the August low is also near that level. Staying above is more…
August 09, 2024 at 04:09PM ANZ provides insights into the outlook for the USD and GBP in the upcoming week, focusing on the impact of recent macroeconomic data and positioning trends. Key Points: USD Outlook: Macroeconomic Stability: Despite market reactions suggesting otherwise, ANZ believes the US macroeconomic backdrop is not…
August 09, 2024 at 02:13PM IN the kickstart video for August 9, I take a look at three of the major currency pairs, the EURUSD, USDJPY and GBPUSD from a technical perspective FOr the EURUSD it is trading up and down in trading today but did find resistance sellers against…
August 08, 2024 at 02:13PM The initial jobless claims came in lower than expectations, and that has helped to push the US dollar higher. In the kickstart video above, I take a look at three of the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD.…
August 07, 2024 at 11:51AM Fundamental Overview The weak US NFP report last Friday triggered risk-off flows. Things got dire on Monday as the Japanese Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by…
August 06, 2024 at 02:16PM In the kickstart video for August 6, I take a look at the three major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD stalled the run higher yesterday within key swing area above and below the 1.100 natural…
August 05, 2024 at 02:27PM In the kickstart video for August 5, I take a look at the 3 major currency pairs, the EURUSD, USDJPY and the GBPUSD. Focus today is on the sharp falls in stocks, the sharp falls in yields, and declines in other commodities as well. For…
August 02, 2024 at 02:21PM The USD is lower after the US jobs report which came in weaker than expectations with non-farm payroll rising just 114K versus 175K estimate. The unemployment rate pushed up to 4.3% from 4.1% estimate and 4.1% last month. Average earnings were weaker at 0.2% versus…
August 01, 2024 at 02:18PM The Kickstart video for August 1 take a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD moved lower in sympathy with the GBPUSD before the BOE rate decision. THe BOE did cut rates by 25 basis points…
