The one-hour chart of pound-dollar (GBPUSD; ‘cable’) clearly shows us an overall small upward movement with relatively high volatility. Two levels of potential significance exist on the chart. The first is…
Category: Market Analysis
Fundamental Analysis: Pound up after Stronger Data
A reasonably good result from this morning’s British data has helped the pound to strengthen in many of its pairs. Both average earnings and unemployment change printed stronger readings than expected.…
Interday technical analysis of USDJPY
Looking at the four-hour chart of dollar-yen (USDJPY), a recent upward movement with volatility is evident. As part of this direction, two significant areas can be identified on the chart. The…
Fundamental Analysis: Yen Weaker as Shares Recover
The yen has made some losses against various currencies today as major indices continue their upward movements. Japanese data this morning was better overall; however, consumption is still fairly weak. Risk…
Fundamental Analysis: Dollar down on Disappointing NFP
Today’s weaker NFP release has had a negative effect on the dollar this afternoon GMT. The figure of 75,000 was less than half of the consensus, 185,000. Other employment data from…
Fundamental Analysis: Euro Spikes on Higher TLTRO Rates
The euro made a strong temporary gain this afternoon GMT against most currencies in the aftermath of the ECB’s decision on rates. Probably the main driver was the announcement of higher…
Is There an Easier Way to Forecast Gold?
Have you noticed how most of the trading journals and forex news sites are routinely writing about gold? There are over 100 trading options available, and yet gold always seems to…
Fundamental Analysis: Dismal Data Sinks the Rand
The South African rand has made sharp losses today against most currencies after some very poor data. Manufacturing PMI and quarterly GDP growth were both unusually negative, missing expectations by a…
Fundamental Analysis: CAD Recovers after Decent Data
The Canadian dollar has made some gains so far this week against most major currencies. The key driver was reasonably good data last Friday. For USDCAD specifically, though, weaker American data…
The Difference Between Crypto, Forex, & Futures
Traders today are spoiled for choice. Brokers offer cryptocurrencies, indices, futures, and forex, amongst other assets, but which one is better? It’s an impossible question to answer until you first decide…