MujkanovicFX

MujkanovicFX

Hi traders, here is the daily FIST outlook for EUR/USD. FUNDAMENTALS: EUR/USD faced strong selling pressure with the opening of the London session as the US dollar recovered some ground. The 2-year yield rebounded (as mentioned in earlier posts, markets will likely continue to price-in a 2022 rate hike), which supported the greenback this morning. The German...

MujkanovicFX Updated 

Daily update for USD/JPY for July 05. Here is what you need to know to trade today. FUNDAMENTALS: The US NFP release led to strong selling pressure in the USDJPY pair, which was partly the result of profit-taking in the USD after the pair reached near multi-year highs. The JPY is the weakest currency for the last 2 weeks, but the absence of major market...

MujkanovicFX

Intermarket analysis is an often neglected and overlooked type of analysis among traders. However, it's a powerful tool that can help you anticipate future price movements by following the performance of other, closely-related markets. Intermarket analysis refers to the analysis of other asset classes that can provide valuable and actionable insights into related...

MujkanovicFX

EUR/USD Daily Update for July 05. Here is what you need to know to trade the pair today. FUNDAMENTALS: A strong gain in jobs but rising unemployment rate and unchanged wages in the US led to some selling pressure in USD, but profit-taking ahead of the extended weekend and US holidays was likely the key driver of US weakness on Friday. Look for a short-term...

MujkanovicFX

How to trade GBP/USD the upcoming week? Let's find out. If you like this post, please leave a "LIKE" for support. Thanks! FUNDAMENTALS: Last week, the EU granted a delay to the chilled meat ban in Northern Ireland, which was one of the reasons for the pound to become quite resilient against most other major currencies, even against the USD bull. However,...

MujkanovicFX

Hi traders. After we closed our last EURUSD trade in profit, it's time to look for trading opportunities in the coming week. Here is a complete FIST analysis for the pair with some tips on how to trade the next week. FUNDAMENTALS: EUR traded with a heavy bearish bias last week as markets supported the USD ahead of the US labor market report, the weekend, and...

MujkanovicFX

Hi traders, here is our FX Morning Meeting for June 30. This market overview will help you find market opportunities where they actually exist ("Trades of the Day section"), based on a number of fundamental, intermarket, and sentiment signals. Leave us a comment what you want to trade today! 🌐 MORNING MEETING - JUNE 30 🔴 GLOBAL MARKETS (main chart) Morning...

MujkanovicFX Updated 

Morning traders! Here is our morning meeting ahead of the NY open. Leave us a comment about what you want to trade today! Let's make this a constructive discussion for the trading day. 🔴 GLOBAL MARKETS (main chart) Morning traders, Asian markets closed lower, including the Nikkei 225 which is down 0.80%, which is one of the reasons why the JPY has been...

MujkanovicFX Updated 

Hi traders, here is a full update for EUR/USD. Please hit the 'LIKE' button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks! TECHNICALS The EURUSD pair broke below a long-term trendline on the daily chart following the FOMC meeting, with the correction losing steam at the broken trendline, which now acts as...

MujkanovicFX

Hi traders, it's time for a new part of our educational series. This series aims to equip new traders with all the necessary tools to trade the forex market. Most of these tools are also used by large market participants in their daily analysis, and for making trading decisions. Getting started with trading isn't easy, mostly because the internet lacks quality...

MujkanovicFX

Hi traders, here is an update for EURUSD for today and the current week. We analyzed fundamentals, yields, sentiment, and technical levels and showed how we would trade the pair. Enjoy! FUNDAMENTALS: Top Headlines for June 14: US Dollar Index clings to gains...

MujkanovicFX

BULLISH FOR THE PAIR: 1. Market reports: German Manufacturing and Services PMI beat estimates, Business and Consumer confidence are rising. US PMIs and Consumer Confidence are also up, but the USD is currently more focused on yields and risk sentiment. News: Accelerated vaccination efforts in the eurozone to support the EUR against other currencies. Risk...

MujkanovicFX Updated 

Hi traders, DJIA opened the day lower, together with other major global indices after a strong sell-off in the stock market. The only index that traded higher today was the Hang Seng, but it also gave back some gains ahead of the closing bell in Asia. Now, DJIA is trading near a well-defined channel support and the 61.8% Fib level, which could provide some...

MujkanovicFX Updated 

The EUR/USD pair opened the trading week strongly as lower US yields put selling pressure on the US dollar in the early London session. Vaccination efforts in Europe and German politics (the Green Party announces their Prime Minister candidate) are also likely supporting the pair. Today's light economic calendar doesn't come with any major market reports. In the...

MujkanovicFX Updated 

Hi traders, we bought the GBPUSD this morning after the dip to liquidity around the 1.3850 level. FUNDAMENTALS: The pair has been supported by easing lockdown restrictions in the UK, vaccination efforts, and lower US yields. INTERMARKET: The divergence between 2-year UK and US yields could provide some headwinds for further gains. However, the 200% Fib...

MujkanovicFX Updated 

Hi traders, here's today's analysis of USDJPY. As usual, we'll cover all FIST components, including Fundamentals, Intermarket signals, Sentiment analysis, and Technical levels. All four components combined form our FIST trading strategy, as used by many institutional players. FUNDAMENTALS: Market Tone: The USDJPY pair has been trading lower in a nice...

MujkanovicFX Updated 

Gold has been attracting buying interest since the $1,700 levels, reaching a multi-week high of $1,790 yesterday. Today's trading range is rather narrow, with bears failing to push below $1,763, and bulls facing a strong obstacle at $1,775. Falling real US yields have been supporting the yellow metal. This chart shows the 10y yield minus inflation, and the...

MujkanovicFX

Hi traders, here is a preview of the USDCAD pair ahead of the BoC meeting later today. Canada reported strong market indicators during this month. The Ivey PMI was reported at 72.9 vs 62 expected, and employment change and the unemployment rate beat forecasts significantly. This led to rumors that the BoC could increase their economic outlook for 2021 (which is...