October 08, 2024 at 07:36PM Trading successfully needs to focus on risks and putting the odds of success in your favor. That can manifest in different ways but one way is recognizing a pattern by traders. When I look at the EURGBP, the pattern on the 4-hour chart is simple.…
October 07, 2024 at 02:11PM The week is off and running. What technical levels are in play for the 3 major currency pairs for today/for the trading week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. EURUSD: The…
October 07, 2024 at 01:43PM As the North American session begins, the CHF is the strongest and the GBP is the weakest. The USD is mixed to start the new trading week. Stocks are lower/US yields are higher the day after the better than expected jobs report on Friday. The…
October 03, 2024 at 04:01PM MUFG has revised its outlook for the Bank of England (BoE), now expecting back-to-back rate cuts before year-end. This adjustment reflects growing evidence of decelerating economic growth in the UK. Key Points: Recent sentiment indicators, including the GfK consumer confidence index, PMIs, CBI Orders index,…
October 03, 2024 at 10:49AM THE CATALYST This early morning, in an exclusive interview with The Guardian, BoE’s Governor Bailey said that the central bank could become “a bit more aggressive” in cutting interest rates provided the news on inflation continued to be good. That was the catalyst for GBP…
October 03, 2024 at 07:33AM The Newsquawk Europe Market Open: APAC stocks traded mixed, BoE Bailey’s comments move cable lower Full Note APAC stocks traded mixed amid the backdrop of several holiday closures and ongoing geopolitical tensions, while Hong Kong participants booked profits. Fed’s Barkin (2024 voter) said he sees…
October 02, 2024 at 08:45AM Fundamental Overview The US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from…
HUBFX’s Take on Today’s Financial News: #USGDP #AtlantaFed The economic world is buzzing today with a number of pivotal updates. One of the most significant developments comes from the United States, where the Atlanta Federal Reserve has adjusted its GDPNow forecast for Q3 2024. This downward revision, from 3.1% to…
October 01, 2024 at 02:13PM In the kickstart video for October 1, take a technical look at the EURUSD, USDJPY and GBPUSD. What are the trading biases? Where are the target? Where are the risks? In the EURUSD, the price moved sharply lower helped by weaker PMI and/CPI data. The…
September 30, 2024 at 02:24PM Kickstart the FX trading day with a technical look at the major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD has been trading up and down over the last few trading days. What is somewhat unique to today’s price action, is that the…
