EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800…
On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low On Wednesday evening, 23 October, GBPUSD fell to a weekly low of 1.29074 EURUSD chart analysis On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low. The previous time the pair was at that level was in early July….
Embrace the Retrace As those who have followed my thinking know, I believe trading is common sense. When you think of trading this way you can make sense of what many take as blind faith and learn how our logic takes advantage of retracements to trade. This is why I say embrace the…
EURUSD Sellers Remain in Control Amid Strong Bearish Momentum The EURUSD market continues its downward trajectory, with bears eyeing the significant 1.07780 support level. The pair has faced relentless selling pressure, showing a strong tendency to decline further. This bearish trend began after EURUSD failed to break the key 1.12150 resistance twice in recent months….
– Ripple co-founder Chris Larsen announced that he had donated $10 million in XRP to Democratic presidential candidate Kamala Harris. This is not his first donation to the vice president’s campaign. On August 1, he contributed $1 million to her fund, which was one of the earliest cryptocurrency donations supporting Harris’ candidacy at the time….
How Does a Currency Options Defense Affect the Spot FX Market? While many new forex traders think of options as binaries, traditional currency options are the ones that have an influence on the spot fx market. Currently, EURUSD 1.08 a potential options strike level, has come under attack but so far the price…
The One Word That Makes Markets Move Part 2 I asked a question of our readers in Part 1 of The One Word That Makes Markets Move. The question was what word? The answer was “failure.” A higher low is formed by a failure to break the prior low. A lower high is formed…
Weekly FX Chart Outlook – October 21-25 Weekly FX Chart Analysis The upcoming week has a light economic calendar, especially from the US in a forex market that seems to need news to create volatility. Arguing for consolidation, at least to start the week, is a light economic calendar and that there are no…
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off…
Newsquawk.com Week Ahead: 21st-25th October Highlights include PBoC LPR, BoC, EZ & UK PMI MON: PBoC LPRTUE: NBH Announcement, IMF World Economic OutlookWED: BoC AnnouncementTHU: EZ/UK/US Flash PMIs (Oct)FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct) Newsquawk…