December 04, 2024 at 03:27AM While the USD is within 0.12% of unchanged vs the EUR (+0.11) JPY (+0.03) GBP (+0.09%) CHF (+0.07%) CAD (+0.07%) The greenback is running higher vs the AUD and NZD: AUD (+1.03%) NZD (+0.75%) The previous video went through the key technical target which the…
December 03, 2024 at 10:56PM The EURUSD, USDJPY and GBPUSD all had up and down trading days yesterday as buyers and sellers continued to battle with no trendl-like moves. How has the price action impacted the technicals that are driving the pairs going into the news trading day. Be aware.…
December 02, 2024 at 11:26PM The GBP/USD moved lower on Monday after peaking near a swing area around 1.27159, where sellers emerged to cap the upside. The subsequent decline saw the pair break below several key technical levels, including the 100-bar moving average on the 4-hour chart (1.2676), the 100-hour…
November 27, 2024 at 02:20PM Dollar selling is the theme in the FX market today, and with that, the major currency pairs versus the US dollar are breaking through some technical levels and targeting others. EURUSD: The EURUSD is looking toward the 38.2% retracement at 1.05628. Get above that and…
Insights on US Mortgage Data, GBP/USD Trends, and Key Economic Updates 📰💹 US MBA Mortgage Applications: Surging Activity Amidst Mixed Trends 🏡📊 Date: November 22, 2024Reported: +6.3% (prior +1.7%) The US MBA Mortgage Applications index saw a significant surge of 6.3%, driven by a sharp rise in purchase activity. This…
November 27, 2024 at 11:08AM Fundamental Overview The US Dollar remains the strongest currency but overall, we haven’t got much action in the past couple of weeks due to the lack of key catalysts and the market’s pricing remaining largely unchanged around roughly three rate cuts by the end of…
November 26, 2024 at 02:28PM The USD moved higher vs the EUR, JPY, GBP and the CAD after Pres. elect Trump said he would impose tariffs on 25% vs Canada and Mexico goods, and a 10% blanket tariff on all China goods. The dollars gains on the comments were short…
November 25, 2024 at 04:43PM The GBP/USD pair moved higher from last week’s closing level near 1.2530 but encountered strong resistance around a key swing area between 1.2596 and 1.2614. After testing this zone, buyers gave way to sellers. In the early European session, the price decline paused just ahead…
USD/JPY Technical Analysis: Navigating Key Levels and Trends 1. Market Overview: A Week of Rangebound Movement 🌀 The USD/JPY pair has exhibited a rangebound trading pattern throughout the past week. Despite sporadic late-day strength in the USD, these gains were largely erased, leaving the pair oscillating around critical levels. 2.…
November 20, 2024 at 06:58PM The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the…
