“It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner traders don’t want to experience the pain of loss, so they...
UK PM Sunak reaffirms that election will be at some point later this year
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,...
EURUSD Technical Analysis – The US CPI will likely set the trend
Fundamental OverviewLast Thursday, the USD weakened across the board following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could have been just a blip, but...
A June rate cut beckoning for the BOE?
In terms of market pricing, the first full 25 bps rate cut is currently baked in for August. But the odds of a June move are at ~54% currently. And for the year as a whole, traders are pricing in ~56 bps worth of rate cuts at the moment. So, what are the major banks...
FX stays more muted on the day
The euro is mildly higher but as the range for EUR/USD holds within 20 pips, it isn't really saying much. Besides, the pair is still keeping below its 200-day moving average of 1.0790 and the 1.0800 mark for now. The rest of the dollar pairs are also not showing much...
Top 10 Must-Have Technical Indicators for Australian Traders
The foreign exchange market, or Forex for short, is the world's largest financial market, with trillions of dollars being traded daily. For Australian Forex traders, navigating this dynamic environment requires a keen understanding of price movements and the ability...
Time for some profit taking ahead of the US CPI?
Last Friday, the University of Michigan consumer sentiment report surprised to the downside with a big drop from 77.2 to 67.4 while the consensus was expecting just a slight tick lower to 76.0. It's not yet clear which weighed more on the sentiment between inflation...
Market Outlook for the Week of 13 – 17 May
The week begins with a relatively quiet start on Monday with a focus on New Zealand's inflation expectations survey q/q. On Tuesday, the United Kingdom will see the release of the claimant count change, average earnings index 3m/y and the unemployment rate. Meanwhile,...
AUD/USD Forecast: Key Resistance Levels to Watch as US CPI Looms
Aussie Dollar (AUD/USD) AnalysisRisk sentiment props up AUD with US CPI data on the horizonUS CPI expected to redirect attention to the disinflation narrative after consecutive months of stubborn price pressuresAUD/USD reveals key resistance levels in the event CPI...
Market News – Stock markets traded mixed; Flat USD ahead of US CPI
Economic Indicators & Central Banks: Japanese government bond yields surged to multi years highs after the BOJ’s unexpected move to decrease the quantity of bonds it typically purchases during routine operations, signaling a more hawkish stance to the...
Gold Technical Analysis – All eyes on the US inflation figures
Fundamental OverviewLast Thursday, gold broke out of the recent range following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could have been just a blip,...
SNB total sight deposits w.e. 10 May CHF 468.9 bn vs CHF 473.2 bn 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,...
Gold down slightly on the day, awaits US data for next move
Gold (XAU/USD) daily chartThe precious metal saw its advance last week halted by the trendline resistance (white line) above. That key level now sits at $2,367.50 as buyers ease off the charge a little. Gold is down 0.5% today to $2,348 levels now but is still staying...
European equities see little change as the session gets underway
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,...
Switzerland Q2 consumer confidence -24 vs -26 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,...
Time to go fishing
Jesse LivermoreJesse Livermore once said "There's a time to go long, a time to go short and a time to go fishing". This quote couldn't be more true for today as the lack of notable economic releases and the waiting for the US CPI report will likely keep the markets at...
FX option expiries for 13 May 10am New York cut
There is just two to take note of, as highlighted in bold.They are both for EUR/USD and layered close by at the 1.0750-55 level. That should see price action keep more compact in and around current levels in the session ahead at least. The 100-hour moving average for...
US data in the spotlight this week
This is one of my favourite strips over the years. And it is still very much relevant. As we look to the new week, it's all about US data that will drive the mood in broader markets. We've already gotten a teaser last week from a couple of smaller releases but this...
This week brings the “most crucial CPI reading of 2024”, a “mini Super Bowl”
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,...
Reserve Bank of New Zealand Q2 2-year Inflation Expectations 2.3% (prior 2.5%)
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,...