Intermediate
US Dollar recovery stalls
US Dollar fails at key resistance Euro holds support Aussie and Kiwi need to confirm fresh negatives
Current Market Analysis
The analysis of markets is a critical part of the trading decisions of any trader or investor. The individual trader or trading group may have a preference for: Macroeconomic Analysis, Microeconomics Analysis, Fundamental Analysis, Behavioural Analysis, Quantitative Analysis and Technical Analysis. But whichever approach is employed, it is through this analysis that the trader decides:
- If to buy or sell an asset
- At which levels to enter a trade
- At which level to put the target to hopefully take profit on the trade
- Or, if the analysis proves incorrect, when and where is the trade wrong and at which level to exit the trade.
In this section we provide daily, real time market views including currency pairs forecasts, primarily through the approach of Technical Analysis, but also by utilising other approaches to market analysis. Many of our analyses also contains a video explaining the analyses. Click here for all video analyses and here for all forex news.
Expert
US Dollar failed bull signals
Dollar Index fails to confirm bullish signal and then breaks down Euro holds support and breaks up Positives on Aussie and Kiwi US Dollar-CAD accelerates lower
Intermediate
Trading The Copperline
Copper has been moving higher since November 1 The research whilst mixed, has a bullish bias The need for infrastructure rebuilding and electrification of the auto space bodes well Look for prices to test U.S. Dollars 3.62/lb “… Even the old folks never knew Why they call it like they do I was wondering … Continued
Intermediate
Stocks cautious, despite strong results from Big Tech – USD gains
Macroeconomic/ geopolitical developments US President Biden announced his $1.8 trillion American Families Plan (human infrastructure) to complement the $2 trillion infrastructure plan announced at the end of March. Earnings season has continued with more positives, with Amazon, Google, Apple, Facebook and Tesla all beating estimates (though the price action on these stocks has not been … Continued
Expert
Significant positive US Dollar signals to end April
Major sell on Euro (EURUSD forecast) Negative on Pound (GBPUSD forecast) Major support on Aussie switches to resistance (AUDUSD forecast) US Dollar-Canadian Dollar breaks down (USDCAD forecast)
Intermediate
SMACK THE SPAC
SPAC issuance value almost matched IPO’s Listing process needs sensible and firm regulation Investors must evaluate each prospectus fully Collateralized SPAC funds of funds could arise What Is a Special Purpose Acquisition Company (SPAC)? A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed specifically to raise capital through … Continued
Intermediate
US Dollar weakens, stock averages stay firm
Macroeconomic/ geopolitical developments US President Biden announced a potentially significant increase in Capital Gains Tax (CGT) rates, which had a negative impact on US (and global) risk assets. Earnings season has continued with mostly positives, though Netflix missed the expectations of analysts on new subscribers, which was a broader negative for new media/ big tech. … Continued
Expert
US Dollar under negative pressures
US Dollar Index breaks down (DXY forecast) Euro breaks up (EURUSD forecast)
Intermediate
Dollar Index breaks key support
Dollar Index negative signal (DXY forecast) Pound posts positives (GBPUSD forecast) Euro-Pound Reversing (EURGBP forecast)
Intermediate
Gold Dangles A “Carat”
In the past year “Risk On” assets have been in favour The past path of gold has not looked appealing, nut now that is changing The economic path to recovery is improving as are inflation prospects There is a case to open a speculative long on gold as the technicals look encouraging In times of … Continued
Beginner
Stock markets stay very strong, US Dollar sets back
Macroeconomic/ geopolitical developments US Retail Sales data for March came in extremely strong on Thursday, beating expectation with a rise of 9.8% MoM. Earnings season has kicked off in earnest in the US, with the Banks and Financials leading the way, in most instances beating expectations. The European vaccine rollout has improved, although it still … Continued
Beginner
Stock averages surge to all-time highs, growth stocks re-energizing
Macroeconomic/ geopolitical developments On the Central Bank side last week, we had the Federal Open Market Committee (FOMC) Meeting Minutes released on Wednesday and Fed Chairman Powell spoke on Thursday. The FOMC Meeting Minutes and speech by Powell simply reiterated a still ongoing dovish stance. This has seen US yields retreat from multi-year yield highs … Continued
Intermediate
Euro posts solid technical gains versus USD and GBP
A quiet week sees the US Dollar retreat to first support (DXY forecast) The Euro reaches its upside target (EURUSD forecast) Major reversal on Euro-Pound (EURGBP forecast)
Beginner
US yields hit multi-year highs AND stock averages at record levels
Macroeconomic/ geopolitical developments The global Market and US Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) reports were out on Thursday and were broadly better than expected. The US Employment report for March was released on Friday and the Non-Farm Payroll data far exceeded the anticipated number of 675K, posting at 916K, whilst … Continued
Intermediate
Minor US Dollar corrective losses (but USDJPY says strong)
Minor positive appears on Euro (EURUSD forecast) Dollar-Yen continues to outperform (USDJPY forecast) Small positive appear on Aussie and Kiwi and negative on USDCAD (AUDUSD, NZDUSD and USDCAD forecasts)
Beginner
Non-Farm Payrolls Proves To Be A Good Signal For Dollar Bulls
Non-Farm Payrolls booked the best gain in seven-months The contrast in vaccine strategy and stimulus spending between the U.S and Europe is striking The economic paths of the U.S. cf. Eurozone and Japan are diverging The Dollar Index is set to rotate higher in an impulsive channel It is an odd fact that Good Friday … Continued
Intermediate
Yields correct lower, but US Dollar strengthens
Macroeconomic/ geopolitical developments In various speaking engagements this past week Fed Chairman Jerome Powell has reiterated the US Central Bank’s dovish stance. This saw US yields (and global bonds) move back modestly to lower yield territory (from recent high yield extremes). The German Ifo business climate index for March posted at to 96.6 from 92.7 … Continued
Intermediate
Mixed US Dollar signals – FxExplained.co.uk
Dollar Index and Dollar-Yen break up (DXY and USDJPY forecasts) Aussie and Kiwi post positives (AUDUSD and NZDUSD forecasts) EuroPound close to restarting the downtrend (EURGBP forecast)
Intermediate
Sterling To Book Further Gains
EURGBP is in a corrective channel The contrast in vaccine strategy between the U.K and Europe is striking The Eurozone economy is heading toward another recession Sterling is going to continue its outperformance If one looks at the One-Month chart, shown below in Figure 1, one can see the spot price of EURGBP has shown … Continued
Intermediate
Higher bond yields in focus; growth -> value stock rotation continues
Macroeconomic/ geopolitical developments The focus this past week was on the US Federal Open Market Committee (FOMC) interest rate decision, statement and press conference, with a still very dovish stance emphasised again. However, a slight shift in the dot plot chart towards a possibly earlier than expected rate hike in 2022 from some members eventually … Continued
Intermediate
Forex Signals from Shaun Downey
A very quiet week sees resistance drop on the Dollar Index and lowers the breakout point (DXY forecast) Positive appears on Dollar-CAD (USDCAD forecast) A major buy signal appears on Euro-Pound (EURGBP forecast)
Beginner
Value stocks rally as growth stocks rebound, despite higher yields
Macroeconomic/ geopolitical developments President Biden’s $1.9 trillion COVID relief bill was passed into law this week. A lower-than-expected US CPI report on Wednesday calmed inflationary worries and built on the strong US jobs report from the prior week. This sent value stocks surging higher and allowed for a rebound in growth stocks, which continue to … Continued
Intermediate
Dollar Reverses Midweek
Dollar reverses (DXY forecast) Euro posts positive along with Pound (EURUSD and GBPUSD forecasts) Kiwi holds support and Dollar-CAD close to breaking down (NZDUSD and USDCAD forecasts)
Beginner
US Dollar gains with higher yields, with stocks choppy
Macroeconomic/ geopolitical developments Another relatively quiet week for global financial markets from a macroeconomic and geopolitical perspective, but as at the end of February price action across the major asset classes was still volatile. The ongoing development last week was the continuing surge in global yields, particularly in the US and notably at the longer … Continued
Intermediate
US Dollar continues to strengthen
Dollar Index break up (DXY forecast) Euro reaches first downside target (EURUSD forecast) Kiwi also hits support target (NZDUSD forecast)
Intermediate
Any Old Iron
Iron Ore Fines spent the last month rotating in an impulsive channel There is disruption to shipments from Brazil Chinese mills are at over 90% capacity and growth plans are ambitious Prices are going to rise early in the week and a break over USD200/Tonne is seen If one looks at the One-Month chart, shown … Continued
Intermediate
GameStop (GME) frenzy > wider “bubble” concerns > stocks plunge
Macroeconomic/ geopolitical developments This past week has been all about frenzied stock market exuberance, often a reflection of an inflating equity market “bubble” and the fears and concerns that this activity brings. GameStop shares have skyrocketed in the past week having already seen an aggressive rise in January, driven by a herd mentality of individual … Continued
Beginner
Q1/Q2 Elliott Wave views for the Forex Majors – Exclusive interview with Jim Martens!
Here is an in-depth interview with Jim Martens, Elliott Wave International’s (EWI) Senior Currency Strategist and editor of the trader-focused Currency Pro Service. In this interview, we will discuss the Major currency pairs, including EURUSD, the US Dollar Index (DXY), GBPUSD, USDCHF, USDJPY, AUDUSD and USDCAD. Here is a link to a free report on trading … Continued
Intermediate
WTI prices in 2020 and outlook for 2021
The year 2020 was a major crisis for oil prices as the COVID-19 pandemic destroyed demand with economies shutting down. According to IATA, passenger demand for air travel fell in February by 80% in Europe and USA and by 67% in Asia Pacific region. Prices collapsed in March to an unprecedented historic low. Oil practically … Continued
Beginner
Global Markets Outlook 2021
Initial Parameters: Chart analysis is technical and taken from medium-term historical pattern Technical projections based on a twelve-month time horizon Targets set are based on the most recent, significant technical adjustment Analysis is based on Elliot Wave and Fibonacci techniques Technical analysis only guides; exogenous factors can shock any market Markets, being capricious, forecasts are … Continued
Beginner
Macro Watch: Bubble Trouble
VIP Guest Interview with Michael Pento (of Pento Portfolio Strategies) In this in depth interview, Steve Miley and Michael Pento talk all things markets, looking at the potential bubbles in US (and global) stock markets and also in Bond markets They look at inflation risks, the threat for US and global asset prices and interest rates Could the US election be pin that pops … Continued
Intermediate
FAANG stocks in the spotlight
In today’s report we are going to take a technical analysis look at the FAANG shares, Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOG, Alphabet). Facebook (FB) A firm June rebound from above a key March support at 159.28 (from 160.24) has neutralised the intermediate-term bear trend that was set up with … Continued
Intermediate
Stephen Pope interviewed by Bill Hubard
Here we have an interview with FXExplained.co.uk contributor Stephen Pope (also Managing Partner of Spotlight Group PLC) and Trade.com Chief Economist Bill Hubard. They discuss the Fed Meeting Minutes released in early October and its impact on the US bond markets. Furthermore, the lack of follow-through on the fiscal side from the Trump administration. Also, … Continued