October 21, 2024 at 02:19PM As the new trading week begins, the USD buyers are exerting their control. EURUSD: The EURUSD sellers (USD buyers) are moving away from the 100 hour MA at 1.08623, the 200 day MA at 1.0871, the 61.8% of the move up from the end of…
October 18, 2024 at 01:55PM TGIF. The USD is trading lower to start the last trading day of the week.The EURUSD and GBPUSD are higher. The USJDPY is lower. What are the technicals are driving each of the major currency pairs. I will outline them in the video above. Below…
October 18, 2024 at 10:16AM Fundamental Overview The bullish momentum in the US Dollar seems to be waning as GBPUSD couldn’t print a new low despite another set of strong US data. In fact, the US Retail Sales beat expectations across the board by a big margin and the US…
October 16, 2024 at 05:45PM Earlier today, UK September CPI came in at +1.7% year-over-year, below the expected +1.9%, with core CPI at +3.2% versus the forecasted +3.4%. The numbers marked a decline from prior figures of +2.2% and +3.6%, respectively. The softer inflation data led to a drop in…
October 16, 2024 at 10:58AM Fundamental Overview The bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the…
October 16, 2024 at 07:26AM With the dollar having rebounded in early October, it is now the pound side of the equation coming into focus for GBP/USD. The pair had retreated back down below 1.3100 since last week but hasn’t really found extra incentive to drive towards a test of…
October 14, 2024 at 02:22PM The EURUSD and the GBPUSD are making new lows and the USDJPY are trading to new highs as the USD gets bid at the start of the new week. What has the price action done to the technicals that are driving the currnecy pairs: EURUSD.…
October 11, 2024 at 02:25PM The US PPI data came out and showed the YoY higher than expectations (but the headline was lower than the revised higher level), but the MoM data was more tame. The short end of the yield curve is a little lower. The long end, not…
October 11, 2024 at 11:08AM Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we…
October 10, 2024 at 02:25PM The US CPI data today was higher than expected with the headline up 0.2% versus 0.1% expected and the core of 0.3% versus 0.2% expected. That increase the year on year measures as well with the core up 3.3% YoY. Not good. On the other…
