There are days when you REALLY need to know the roadmap technically. For me, knowing the roadmap daily is important. The roadmap tells you the targets. The roadmap tells you the risk. The roadmap keeps you in trend moves. The roadmap prevents you from riding a trend...
Cable catches a bid. Nears the August highs
GBP/USD 4 hourRepositioning looks to be the theme in global markets today.Treasury yields are rising, which indicates worry about the Fed cutting 25 bps instead of 50 bps. However the US dollar is weakening, which indicates the opposite.It all points to more of a...
Treasury yields track higher in the countdown to the FOMC decision
Treasury yields are up 4 basis points across the curve in a sign of either:The market over-pricing a dovish FedAngst ahead of the Fed decisionI tend to think it's the latter as bond buyers have flooded in over the past two months. US 10s highlight just how far the...
US August housing starts 1.356m vs 1.310m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Housing starts data will illustrate why the Fed needs to cut rates
housing starts w 50m moving avgUS housing starts are due at the bottom of the hour and forecast to rebound to 1.310m after falling to a post-pandemic low last month.The long-term chart highlights the problem: US housing starts are significantly lower than they were in...
ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
Headlines:Markets:NZD leads, USD lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields up 2.8 bps to 3.677%Gold up 0.4% to $2,578.75WTI crude down 0.9% to $69.22Bitcoin down 0.7% to $59,913It's all about the countdown to the Fed and...
US MBA mortgage applications w.e. 13 September +14.2% vs +1.4% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
There will be disappointment one way or another come the end of today
AI imageHeavy is the head that wears the crown. The Fed has a very, very big decision to make today. A rate cut is all but confirmed but the major question is by how much? They've been suggesting a likelihood of moving by 25 bps since Jackson Hole but market players...
Russell 2000 Technical Analysis – The Fed is cutting rates into resilient growth
Fundamental OverviewYesterday, we got some more positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. Despite that, the market is still...
Oil technical analysis after Hezbollah pagers blew up
A lot of Hezballah pagers blew up yesterday but what will it do to the oil market? Some people thought oil might surge but the chart and price action does not care about what we think. Here is oil technical analysis I see but please do your own research and trade at...
Copper Technical Analysis – We are at a key resistance
Fundamental OverviewCopper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the struggling economic recovery in China. Copper is sensitive to the manufacturing cycle, and after a pickup in the first half of...
Eurozone August final CPI +2.2% vs +2.2% y/y prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Crude Oil Technical Analysis – Better days ahead?
Fundamental OverviewCrude oil rebounded from the lows as the buyers might be looking forward to the Fed’s easing cycle. As a reminder, the positioning in crude oil is at record lows and the sentiment is very bearish. These factors can generally offer great contrarian...
Japan maintains economic assessment in latest monthly report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Cable nudges up to 1.3200 after sticky UK inflation data
GBP/USD hourly chartThe pair was trading around 1.3160 prior to the UK CPI report here. But it is trading to fresh session highs of 1.3205 currently. Looking at the near-term chart above, it's still not indicative of much. Buyers are in near-term control but there is...
NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
UF AWARDS APAC 2024 Winners Called to the Stage
Asia-Pacific (APAC)’s online trading and fintech industry elites congregated at the iconic Centara Grand & Bangkok Convention Centre at Central World in Bangkok on 17 September, to honour the most innovative and truly the best Brokers and Technology Providers in...
Everything You Need to Know About FMAA – Vote Today
Every forex broker must grapple with brand development, while maintaining a level of quality and service that sets it apart from competitors. Of course, countless strategies exist to achieve this goal, however the best way to showcase one’s brand is securing the...
Gold Technical Analysis – All eyes on the FOMC decision
Fundamental OverviewYesterday, we got some positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. The data put some pressure on gold and...
ECB’s Villeroy says likely to continue with rate cuts
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...