The pound started the week with a slight bullish tone against the US dollar. This increase was favored by a slightly weaker dollar, accompanied by a moderate risk appetite in the market. This scenario allowed the pair to extend its recovery from the lows recorded after the Nonfarm Payrolls (NFP) report, bringing it back towards the 1.2600 level. Positive...
The Australian dollar has declined sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6515, down 1.7%. The US consumer price index has accelerated for a second straight month. The March CPI rose 3.5%, up from 3.2% in February and above the market estimate of 3.4%. This was the highest inflation rate since September. On a monthly basis,...
The New Zealand dollar has posted considerable gains on Tuesday. In the North American session, NZD/USD is trading at 0.6065, up 0.54% and its highest level since March 21. The Reserve Bank of New Zealand meets early on Wednesday and it’s practically a given that it will hold the cash rate at 5.5%. This would mark the sixth straight time that the RBNZ maintains...
Must-know events for the trading week The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data. Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari...
Hey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what...
The chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations...
The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
The British Pound experienced a significant decline during the mid-North American session, primarily due to the outlook of US economic data, which could influence the Federal Reserve's interest rate decisions. Optimism regarding the strength of the US economy bolstered the US Dollar, while US Treasury yields increased significantly, exerting additional pressure on...
The analysis on EUR/USD shows a strong bearish pressure that led the cross to touch its lowest level since mid-February, dropping below the level of 1.0750. The daily chart indicates that EUR/USD is confined within a 20 pip range below the level of 1.0803, which corresponds to the 61.8% Fibonacci retracement of the previous rally from 1.0694 to 1.0981. In the...
The first quarter of 2024 is now over, closing in a record +10% YTD rally and an exceptional +43% YOY increase in the QQQ. Despite the markets pushing higher, Tesla is experiencing significant challenges, with a -30% decrease YTD and a -9% decline YOY. This performance has positioned Tesla as the worst performing megacap so far. Given these circumstances, it's...
there are stocks driven by MARKET .. meaning float is out in the public that normally has a DRUNK price action with gaps and erratic volume there are issues with an assigned Specialist that can TRADE or CROSS huge volume without moving the price or go beyond a range RANGE highlighted ones have been decided by both the MARKET and the MARKET MAKER best of both...
The beginning of the week saw the US dollar strengthen, pushing the EUR/USD below the key support level of 1.0900. A break of the March peak at 1.0981 is expected to lead the pair to challenge resistance at 1.0998 and the psychological barrier at 1.1000. However, a potential drop below the 200-day moving average at 1.0838 could push the pair to the 2024 low of...
Detailed analysis of GBP/USD: Recent Performance: GBP/USD has shown a significant rebound, surpassing the 1.2700 level after touching its lowest point in two weeks below 1.2670 on Tuesday. This movement suggests a certain degree of short-term resilience, but the future direction remains uncertain. Investor Sentiment: Investors appear to remain cautious about...
Gold trading experienced a pronounced negative trend below the $2,170 level during Friday's session, primarily influenced by the persistent strength of the US dollar. Nevertheless, the pair appears poised to record modest weekly gains after pulling back from the record high above $2,220 touched on Wednesday. From a technical standpoint, there seems to be a...
The USD/CAD is currently hovering around 1.3540 during the Asian hours on Friday, indicating potential signs of a halt to its four-day consecutive negative trend. This stabilization could be attributed to the positive sentiment surrounding the US dollar, fueled by the Federal Reserve's hawkish stance on maintaining higher interest rates. Specifically, the US...
The Canadian dollar is slightly higher on Thursday. USD/CAD is trading at 1.3537 in the North American session, down 0.23%. Canada’s GDP bounced back with a strong gain of 0.6% m/m in January, after a 0.1% in December. This beat the market estimate of 0.4%. The preliminary estimate for February’s GDP stands at 0.4%, which means that so far, growth in the first...
Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention. The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions by the Bank of Japan to limit the weakness...
I'm looking for the FED to stick with the dovish sentiment and for EURUSD to grab liquidity above us, if we get some new hawkish FED news/numbers we will most likely head down and sweep liquidity around 107.9 and lower