Author: FX

US Dollar (DXY) AnalysisUS dollar waiting game continues ahead of next week’s CPI data with the 50 SMA in focus once moreConsolidating DXY symptomatic of a market waiting for the next catalyst. Key levels to watchUniversity of Michigan Sentiment and more Fed speak into the end of the weekThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free USD Forecast Dollar Exercises Patience Ahead of Inflation data Next WeekFed officials have been out in their numbers this week to…

Introduction to the MACD Histogram Multi Timeframe Multi Color Indicator Seasoned traders know how important it is to trade based on the confluence of multiple timeframes. This is because trading based such confluences allow for trade setups which have significantly higher win probabilities compared to trade signals with no confluences. This indicator allows users to analyze momentum based on multiple timeframes using a MACD oscillator. What is the MACD Histogram Multi Timeframe Multi Color Indicator? The MACD Histogram Multi Timeframe Multi Color Indicator is a momentum oscillator which is a modified version of the classic Moving Average Convergence and Divergence…

GOLD OUTLOOK & ANALYSISFed speakers and consumer sentiment in focus.Technical analysis suggests more downside to come – potential death cross, bear flag breakout. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROPGold prices have come under pressure with the USD finding support post-NFP. This Friday, the greenback has faltered slightly giving spot gold some relief ahead of the Michigan consumer sentiment release later today (see economic calendar below). Expectations are for a more optimistic outlook for February than January and any upside beat could see the dollar higher and gold under pressure once more. That being said,…

The decision by Russia is to voluntarily cut oil output by 500k bpd in March, with Novak stating that this will “facilitate the restoration of market relations”. He also adds that Russia may take further actions depending on the market situation and it is being reported that Russia did not consult with OPEC+ on the decision.If anything else, the fact that Russia is acting independently is a major blow to those hoping for some kind of stability in the outlook for the oil market. You have to wonder what Saudi Arabia has to say about this and if this will…

Canada is about to print its employment report for January! How might EUR/CAD react to this area of interest during the release? Before moving on, ICYMI, yesterday’s watchlist looked at AUD/USD’s ascending triangle ahead of China’s CPI and PPI reports. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: RBA upgraded forecasts for core inflation and wage growth RBA Statement on Monetary Policy: More rate hikes to come Chinese headline CPI rose from 1.8% to 2.1% y/y in…

Share: FX option expiries for Feb 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.0500 500m 1.0525 500m 1.0700 203m – USD/CHF: USD amounts                      – EUR/GBP: GBP amounts   – USD/JPY: USD amounts        Source link

USD/JPY Price and Chart AnalysisThe new BoJ governor will have a tough job on his hands.USD/JPY slides lower in volatile end-of-week turnover. Recommended by Nick Cawley Get Your Free JPY Forecast According to breaking news in The Nikkei Asia, a former BoJ policy member, Kazuo Ueda, is set to be offered the position as the next governor of the Bank of Japan (BoJ) when incumbent Haruhiko Kuroda’s term in office expires on April 8. The Japanese paper also reveals that Shinichi Uchida and Ryozo Himino will be offered deputy governor positions.Earlier this week it was reported that deputy governor Masayoshi…

Nautilus curbs workforce by 15% to mange costs better Source link

FEDSpeak (Barkin) – remains Hawkish – Stocks fell again the NASDAQ tumbled -1.02%, while the S&P 500 slid –0.88%, and the Dow lost -0.73%. #TSLA (+3.00%) bucked the trend. All eyes on the credit market as the 2/10yr rate remains 80 bp+ inverted 7 Terminal rate edges higher to 5.15%. Overnight RBA minutes more hawkishness and worries over higher inflation, China CPI dipped, Japanese PPI unchanged, and potential new BOJ Governor Amamiya – “appropriate to maintain ultra-loose monetary policy” and the “Yield Curve Controls do not need more flexibility”. However, UK GDP -0.5% December, avoids recession by a whisper. Raft of other…

Not feelin’ like trading the U.S. dollar today? I gotchu! Take a look at EUR/CAD and GBP/CHF are hitting key support levels: EUR/CAD 4-hour Forex Chart by TradingView EUR/CAD just registered another higher high after bouncing from the 1.4360 zone! Does this mean that EUR/CAD’s uptrend is still valid? The pair’s bounce from the 4-hour chart’s ascending channel says YOU BET. Before you aim for previous highs like 1.4650, however, you should also note that EUR/CAD hasn’t passed key resistance levels yet. I’m talking about the mid-channel line near the 100 and 200 SMAs! Stochastic is also favoring EUR bears…