forex for beginners
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DJIA Technical: Capped Below the 20-day Moving AverageSince its 1 December 2022 high, the Dow Jones Industrial Average has evolved into a major “Expanding Wedge” range configuration. In the...
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New Zealand Dollar Rebounds after Sharp LossesNew Zealand dollar rebounds after sharp losses on Friday New Zealand Services Index contracts US consumer confidence slips, inflation expectations...
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Could This Week’s Data Reenergize Bank of Japan Expectations?While the largest central banks globally are close to concluding an almost 2-year rate hiking cycle, the BoJ is still formulating its action plan....
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US 500 Index Extends Sideways MoveThe US 500 stock index (cash) has been gaining ground since mid-March, slicing through both its 50 and 200-day simple moving averages (SMAs)....
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GBP/USD and USD/CAD Weekly Chart OutlookGBP/USD started a steady increase above the key 1.1880 resistance. USD/CAD is consolidating and might rise further toward 1.4000. Important...
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EURUSD Falls into Bearish ControlEURUSD traded muted near Friday’s one-month low of 1.0847 early on Friday after suffering its worst week since mid-September, having retreated...
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Gold Finds Support Near 20-day SMA and Holds Above 2,000Gold is finding a strong support level near the short-term 20-day simple moving average (SMA) and remains well above the 2,000 level, confirming...
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SP 500: Ignoring US Debt Ceiling Standoff RiskUS debt ceiling limit of US$31.4 trillion may be reached on 1 June. Prior movement of implied bond market volatility during the 2011 US debt...
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EUR/USD: Weekly Close Below Key Fibo Support Was Bearish SignalThe Euro is consolidating within a narrow range in early Monday following strong acceleration lower last Thu/Fri and the biggest weekly loss since...
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USD Bounces BackUSD/CHF tests key resistance The US dollar bounces higher as signs of a slowing economy fuel demand for a safer currency. The pair has been...
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Euro Having Harder Time Against Both Dollar and SterlingMarkets May University of Michigan consumer confidence unexpectedly set the tone for the final WS trading session of last week. The headline...
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PBoC Extends Liquidity as Fed Doves Fly Away Amid Jump in US Inflation ExpectationsThe People’s Bank of China (PBoC) kept the interest rates unchanged at today’s monetary policy meeting, but extended long-term liquidity to boost...
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Easing Global InflationMarket movers today We kick off the week with March euro area industrial production. The German data from last week indicates we are in for a...
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EUR/USD Revisits Support, Can Bulls Save The Day?Key Highlights EUR/USD declined below the 1.0950 and 1.0920 support levels. A key bearish trend line is forming with resistance near 1.0925 on the...
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EURNZD Buying The Dips At The Blue Box AreaHello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of...
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EU Spring Forecast: Upgraded GDP growth and inflationIn its Spring 2023 Economic Forecast, European Commission presented a cautiously optimistic outlook for the Eurozone, with GDP growth projections...
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Eurozone industrial production down -4.1% mom in MarEurozone industrial production contracted -4.1% mom in March, much worse than expectation of -1.2% mom. Production of capital goods fell by -15.4%...
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Japan cabinet office stresses importance of avoiding relapse into deflationJapan cabinet office stresses importance of avoiding relapse into deflation Japan’s Cabinet Office emphasized, at a meeting of the...
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ECB de Guindos indicates final phase of monetary policy tighteningIn an interview with Il Sole 24 Ore, ECB Vice President Luis de Guindos highlighted the central bank’s shift towards a more conventional...
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Yen Weakens Amid Nikkei Rally; Dollar Softens as Safe Havens Digest Recent GainsYen declines broadly in Asian session, appears to be more of a reaction to rally in Nikkei, which broke through 29500 level for the first time...
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Federal Reserve speakers for Monday 15 May 2023: Bostic, Goolsbee, Kashkari, Barkin, CookIt's a busy Monday coming for Federal Reserve speakers: All the times listed below are US Eastern time. Bostic is speaking at: 0730 on CNBC...
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Japan Economy Minister Goto reiterates need for Bank of Japan policy reviewJapan Economy Minister Goto comments, nothing much of surprise here: BOJ Governor Ueda explained at meeting how the BOJ will keep ultra-loose...
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BOJ Gov Ueda spoke over the weekend, on BOJ policy and that of other major central banksBank of Japan Governor Ueda spoke at the G7 Finance Ministers and Central Bank Governors’ Meeting in Niigata on Saturday May 13 in a news...
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Japan top economic council urge BOJ to consider modifying policy if CPI, wages keep risingJapan's government and the Bank of Japan central bank held a fresh round of discussions on Monday. The meeting of the government's top economic...
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Japan PM Kishida says government and BOJ need to closely coordinate policyRemarks from Japanese Prime Minister Kishida: the need for the government and the central bank to closely coordinate on economic policy is...
Top Articles
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Canadian CPI Preview: Forecasts from five major banks, inflation likely to ease againStatistics Canada will release April Consumer Price Index (CPI) data on Tuesday, May 16 at 12:30 and as we get closer to the release time, here are th
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USD Index gives away gains and drops to 101.40 on soft CPIThe greenback sets aside two daily gains in a row and returns to the 101.40/30 band when tracked by the USD Index (DXY) on Wednesday. USD Index appear
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AUDUSD falls back below the 200 day MAThe AUDUSD fell sharply today after an initial move higher found will sellers vs the 100 day MA. The subsequent fall has now taken the price below...
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AUD/JPY Technical: Potential Push Up Within a Major RangeTwo conflicting fundamental factors are driving the short-term movement of the Aussie dollar. RBA’s hawkish rhetoric has provided a potential...
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Exploring the Surging Interest of Retail Investors in Cryptocurrency in 20232023 has seen a striking increase in interest from retail investors as a result of cryptocurrency's ability to draw in investors from all around...
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AUD/USD slides amidst US economic resilience, weaker Chinese dataAUD/USD retraces from daily highs of 0.6709 and drops 0.62% after a slew of economic data from the United States (US) showed that the economy remains
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Gold Prices Tepid Despite Lower Yields Post-CPI. Is the Bullish Case Over?Gold prices retreat despite falling U.S. Treasury yields following softer-than-expected U.S. inflation data, but the fundamental outlook remains...
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FX Majors Weekly Outlook (15-19 May)UPCOMING EVENTS: Tuesday: UK Labour Market, US Retail Sales, Canada CPI. Thursday: Australian Labour Market, US Jobless Claims. Friday: Fed...
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CAD board chairman announces resignationLou Svetlik’s resignation could be accepted following a discussion between CAD board members, Chief Appraiser Keri Wickliffe said. The board...