FLEX EAPound Extends Losses, Employment Report Next
The British pound is in negative territory for a third straight day. In the North American session, GBP/USD is trading at 1.2083, down 0.44% on the…
The most important economic events of the week 08/15/2022 - 08/21/2022
Last week turned out to be extremely volatile and turned out to be negative for the dollar, while mixed macro statistics coming from the US continue…
EUR/USD. US inflation: "black swan" for dollar bulls
Bulls on the EUR/USD pair could not hold their positions after the release of disappointing data on the growth of US inflation. Having reached the lo…
Bank of England - step into the unknown
Central banks are about to start rolling back the stimulus they pumped into their economies by buying bonds. For the Bank of England in particular, …
NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD
The recent NZD/USD bullish move has more to do with a softer dollar than kiwi strength. Fundamentally, NZD relies on commodity prices and the general…
NZD/USD Weekly Fundamental Forecast: RBNZ Hike May do Little for NZD
The recent NZD/USD bullish move has more to do with a softer dollar than kiwi strength. Fundamentally, NZD relies on commodity prices and the general…
Asian stock market did not show a single direction
Asian stock market did not show a single direction. Thus, some of the indicators are falling: the Chinese Shanghai Composite and Shenzhen Composite …
Gold Prices May Fall as Fed Fights Pivot Bets and Short Covering Slows
Gold prices finished the week around 1.5% higher after prices rallied on Friday as Treasury yields moderated. Traders digested inflation data via the…
US Dollar Vulnerable to Less Hawkish FOMC Minutes
The US Dollar Index (DXY) bounces back from a fresh monthly low (104.64) as it attempts to retrace the decline following the slowdown in the US Consu…
The weekend forex technical report for the week of August 15, 2022
What are the key levels in play for the major currency pairs and why? This video answers all your questions In this video, I preview the upcomi…
Bitcoin technical analysis, bulls might be giving up soon
There are times when the reward vs risk itself merits a trade idea. Today's daily candle, while closing only in apx 4 hours, is now showin…
Australian Dollar Outlook Driven by US Dollar
AUD/USD gained over the past week as the US Dollar took a hit from inflation data coming in not as hot as anticipated. It has broken the topside of a…
Ethereum accumulates more bullish energy
Ethereum changed little in the short term as it tries to consolidate the latest gains. It was trading at the 1,900 psychological level at the time of…
British Pound (GBP) Forecast – UK Inflation May Hit Double-Figures
Cable is ending the week on the back foot and looks set to break back below 1.2100 on a combination of a strong US dollar and a weak British Pound. T…
AUDUSD stays above key MA support level. What is giving the pair a boost?
Stays below its 200 day MA The AUDUSD moved above the 100 day MA on Wednesday for the first time since June 8th, but the momentum could not be …
US Dollar Index (DXY): Weekly summary and short-term outlook
Having fallen last Wednesday to an intraweek low of 104.52, also corresponding to the levels of early July, the dollar index (DXY) today is trying t…
Technical analysis on USDJPY for August 12th, 2022.
Red line -resistance trend line Blue lines- Fibonacci retracements USDJPY is bouncing after making a low at 131.75. The resistance trend line at 1…
Bitcoin analysis of the last two months.
Blue line- major resistance trend line Black lines- short-term bullish channel After the major low in June around $17,600, Bitcoin is slowly but s…
No progress for Gold price for the last three days.
Black lines- trading range Gold price continues trading around $1,790-$1,800. Price is moving sideways during the last three trading sessions. Tren…
Ichimoku cloud indicator analysis on EURUSD for August 12th, 2022.
EURUSD is trading around 1.0245. The fx pair is in red territory today challenging the short-term support by the tenkan-sen (red line indicator). As…
