Markets Technical, order-driven trading on global markets yesterday. An almost empty eco calendar left investors The countdown to upcoming data (EMU CPIs today and tomorrow, […]
Tag: Currencies
What can Powell say that the markets don’t already know?
Overview: The US is consolidating today with a weaker profile against most G10 and emerging market currencies, ahead of Fed Chair Powell’s speech at Jackson […]
US dollar stabilizes, markets turn cautious as Jackson Hole Symposium begins
USD sellers take a breather after four losing sessions. Markets are processing weekly jobless claims and purchasing managers’ indices for August. Ahead of Powell’s comments […]
Forex trading with CAD and CPI in focus, Silver at key Fibonacci level, Jackson Hole this week (video)
In our last video we looked at a potential long trade in AUDUSD and see what happened. The price action finally recovered from the lower […]
US dollar struggles to extend Thursday’s gains
Here’s what you need to know on Friday, August 16: The US Dollar (USD) outperformed its peers on Thursday, boosted by the release of positive […]
NZD/USD struggles to extend intraday recovery above 0.6000, US macro data in focus
NZD/USD is attracting some buyers after the decline following the RBNZ the previous day. Dovish Fed expectations and positive risk sentiment undermine the USD and […]
Seems to be building on a move above 200-day SMA/0.6600 ahead of US PPI
AUD/USD extends its one-week uptrend, rising to a three-week high on Tuesday. The RBA’s hawkish stance remains supportive amid subdued USD demand ahead of the […]
USD/JPY Elliott Wave Technical Analysis (Video)
USD/JPY Elliott Wave Analysis, Trading Lounge Daily Chart. Daily chart US Dollar/Japanese Yen (USD/JPY). USD/JPY Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Orange […]