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Eurusd disappointment. price is back below the 100 day ma.

The EURUSD raced higher today, and in the process extended above the 50% midpoint of the move down from the August high. That level comes in at 1.0914...

August 30, 2023, 4:16 pm

Another round of data misses, another round of dollar selling. what's driving the move.

The FX market appears to be teeing up a repeat of yesterday's price action as soft economic data led to US dollar selling and a bid in bonds. This tim...

August 30, 2023, 12:54 pm

The us dollar is crumbling: a squeeze or something fundamental?

is this a squeeze or something fundamental? The US dollar is sinking fast today with USD/JPY 160 pips b...

August 29, 2023, 7:32 pm

Usd/jpy continues slide as economy questioned. the pair nears 146.00

USD/JPY is having a look at 146.00 after touching a 2023 high of 147.36 earlier today. It's a rapid turnaround as the market re-evaluates the path of ...

August 29, 2023, 3:25 pm

Us dollar catches a broad bid as usd/jpy breaks 147.00

USD/JPY is breaking out and the dollar is breaking out more broadly. Treasury yields fell in Asia and early in Europe but they have turned higher now ...

August 29, 2023, 12:21 pm

Dollar marginally lower as the session gets underway

The dollar is lightly changed for the most part but it is the riskier/high beta currencies (and these days, that tends to include sterling more often ...

August 29, 2023, 7:40 am

Play of the day: usd/chf ready to extend its uptrend?

USD/CHF looks ready to extend its trend after consolidating near a pullback level! Think the dollar can make more ...

August 29, 2023, 7:15 am

Pboc sets usd/ cny reference rate for today at 7.1856 (vs. estimate at 7.2854)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

August 28, 2023, 1:15 am

Gbp/usd weekly forecast: pound sterling yields a range breakdown ahead of us nonfarm payrolls

The Pound Sterling finally ended its 200 pips range trade against the United States Dollar (USD), sendi...

August 25, 2023, 4:29 pm

Pound sterling price news and forecast: gbp/usd renews 2.5-month low near 1.2550 as fed

GBP/USD lost more than 100 pips on Thursday and continued to stretch lower early Friday, touching its w...

August 25, 2023, 12:14 pm

Gbp/usd forecast: can pound sterling stage a correction following thursday’s slump?

GBP/USD lost more than 100 pips on Thursday and continued to stretch lower early Friday, touching its w...

August 25, 2023, 9:59 am

Light changes among major currencies so far

Here's a snapshot of dollar pairs at the moment:It really isn't hinting at much, with EUR/USD itself in a less than 20 ...

August 24, 2023, 6:56 am

Eur/usd sellers eye pmi data for push towards next key technical support

The pair is stuck in a measly 15 pips range so far today, though sitting at the higher end of that at 1...

August 23, 2023, 5:12 am

Cn yuan intervention amid record yuan fix, asian equities arrest declines, attention on rising bond yields

– China offshore Yuan intervention by state-owned banks was again reported by traders, while the PBoC set the most forceful Yuan fix on record at 11...

August 22, 2023, 6:29 am

Elliott wave analysis of usdcad – august 21st, 2023

USDCAD keeps rising in August and is now up by over 450 pips since mid-July. Can the pair add a sixth w...

August 20, 2023, 7:58 am

Elliott wave analysis of eurusd – august 21st, 2023

EURUSD was down by over 100 pips at one point last week and despite the bulls' best efforts, the pair c...

August 19, 2023, 7:34 am

Dollar keeps more mixed so far on the day

The heavier bond yields today isn't quite affecting the dollar so much yet in European morning trade. It's a quiet start for the greenback as it holds...

August 18, 2023, 8:11 am

Usdjpy tumbles toward 100 hour ma.

As stocks started to slide and US rates also came off of it's highs, the USDJPY started a reversal to the downside. The current hourly bar has seen th...

August 17, 2023, 7:57 pm

Live: spotting high probability set ups

Live: Spotting high probability set ups. In the webinar I showed how I missed the GBPAUD on a forward order by just 2 ...

August 17, 2023, 12:25 pm

Major currencies not doing a whole lot so far on the session

It shouldn't come as too much of a surprise really. We've been sort of stuck in this mood for more than a week now. The summer lull is really kicking ...

August 17, 2023, 8:45 am


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