Today in forex trading the USD was weak after the Federal Reserve statement today. Pairs moved very fast and are continuing higher now. The AUD/USD and NZD/USD moved up fast, but these pairs are inside a lot of resistance levels. The EUR/USD and GBP/USD also moved up, these two pairs are in...
Today after the news the USD was weak across the board. The EUR/USD moved higher after the news on the small time frames. This pair is inside of a range up to the 1.0895 area resistance, scale out lots and exit as it approaches this price. The USD/JPY dropped on the small time frames. This pair...
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
For The Forex Trading Coach clients...
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
Overall there is strength in the GBP and EUR, with minor strength in the CAD and AUD...
Today in the main session the USD was strong after the news drivers. The AUD/USD and GBP/USD dropped on the small time frames due to the news. We would exit any sells as these pairs are inside of ranges. The USD/CHF moved higher in the strong uptrend and broke out of resistance. Next target is...
Today in forex trading the USD was strong after the news and the CHF was also weak. The USD/CAD moved up after the news. This pair broke out on the D1 time frame and has more upside to the 1.3600 area. The USD/CHF also moved up on the D1 and this pair has much more upside. The GBP/CHF also moved...
Today after the NFP news the USD strengthened. This caused some strong short-term movements in the USD pairs. The USD/JPY moved higher and the GBP/USD moved lower. Both of these pairs are inside of clusters so we would exit as news trades. The AUD/USD and NZD/USD both dropped after the news...
Today in forex trading the USD was strong. The USD/JPY and USD/CHF moved up on the D1 time frame trends, both pairs have much more upside. The USD/CAD also moved up on the D1 uptrend. Next major resistance is around 1.3600 on this pair. This complete trading system, best in class charting system...
Today in forex trading the USD was strong after the news. All USD pair moved fairly strong on this basis. However, these were news-based movements only and we don’t see any trends present on the higher time frames. We would scale out lots or exit any USD strength trades from today. This complete...
Global markets ended last week on a mixed note rattled by uncertainty over the next moves of central banks. Overall, global markets continue to face uncertainty over the direction of interest rates, which are likely to lead the volatility in the near term.
This week the economic calendar will...
Crude oil prices and precious metals registered solid gains while global stocks ended modestly higher last week after the NFP data. The much-anticipated US Non-Farm Payrolls (NFP) report came mixed. The United States announced that Nonfarm Payrolls increased by 187k in August, surpassing...
Global markets ended mixed on Friday after U.S. Federal Reserve Chair Jerome Powell acknowledged the possibility that the Fed might have to hike interest rates again during his speech at the Jackson Hole conference. After the speech, CME Group projected that there is a 20% chance that the Fed...
Last week global stock markets and commodities have been under pressure as investors remain concerned about the global economic outlook and uncertainty regarding the Fed’s future rate hike decisions also appeared to pressure market sentiment.
This week economic weakness in China and renewed Fed...
Global markets ended mixed last week as investors remain concerned about the prospect of further monetary tightening by various central banks. This week central banks' rate hike expectations and concerns over China’s economic recovery continue to hang over markets and the bulk of economic data...
Today in forex trading the USD was strong, some of the cross currencies were weak. The USD/CAD moved higher on the D1 time frame trend. This pair has more upside to about the 1.3600 resistance area on the D1. This complete trading system along with our professional push alert systems are...
The previous week ended with a new wave of selling in stock markets. A new wave of selling was initiated after Fitch, one of the major credit rating agencies, downgraded the US credit rating. This move has significant implications for the financial markets and the global economy. There is a wide...
Global stocks and precious metals started the new week mixed as investors continued to bet on further Federal Reserve tightening to bring decades-high inflation under control after the latest economic releases from the US showed the US GDP growth exceeded expectations and durable goods orders...
Today in forex trading the USD was strong on all pairs. The USD/CHF moved up and the GBP/USD moved down on the smaller time frames. The movements were very good but these pairs are inside of layers and clusters of support/resistance, so we would exit. The EUR/USD dropped on the small-time...
US dollar index started the new week on a positive note and gold prices remain unchanged in today's early trade while Euro extended the previous week’s pullback. It's undoubtedly a huge week ahead and all eyes will be turning to the FOMC, BOJ and ECB meetings
Federal Reserve monetary policy...
Global stocks, precious metals and commodities ended on a bullish note last week after the latest inflation numbers stoked hopes the next rate hike from the Fed in July could be the last one. US Inflation Rate slowed to 3.1% in June of 2023, which would mark a 12th consecutive month of falls &...
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