Why is Crypto market in Red today? Reasons are many, but one obvious jumps out – Overbought – Correction is not only necessary, but underway…. So what happened today : Over the past 24 hours, the global crypto currency market capitalization saw another drop. It’s down 3.3% to $3.41 trillion. At the time of…
Is Gold Becoming the Next Major Currency? There are some articles that stand the test of time. The following is an article I wrote 10 years ago that is worth reposting. The article asks a question that is as relevant today as it was back then. XAUSD (GOLD) Price 2014-2025 Is Gold Becoming…
Forex Trading Confidential: What Makes USDJPY Move? When you see USDJPY move sharply in one direction or the other assume it is being driven by more than just US dollar buying or selling. More often than not the flow involved another currency or asset class that is using or has used the JPY…
Newsquawk Week Ahead: 18th-22nd November 2024 Highlights include UK CPI & Retail Sales; RBA Minutes; Japanese CPI MON: G20 (Brazil) TUE: NBH Policy Announcement; RBA Minutes (Nov); EZ Indicator of Negotiated Wage Rates (Q3), EZ HICP (Final), US Building Permits/Housing Starts (Oct), Canadian CPI (Oct) WED: UK CPI (Oct), German PPI (Oct) THU: CBRT…
Newsquawk Week Ahead Highlights October 14-18 Week Ahead: 14-18th October 2024Newquawk.com Highlights include: US retail sales, ECB, Aussie jobs, inflation data from China, Japan, New Zealand and Canada SUN: Chinese Inflation MON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday TUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep),…
Newsquawk.com Week Ahead 24-28th June: MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May) TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1) WED: Australian CPI (May), German GfK Consumer Sentiment THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement,European Council, Chinese Industrial Profits YTD (May),…
Recently held European Parliament Elections , that led to new French Elections ( An early legislative election is expected to be held in France in two rounds on 30 June and 7 July 2024, to elect the 577 members of the 17th National Assembly of the Fifth French Republic. ) are not going to change anything…
Newsquawk.com Week Ahead 17-21st June: MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1) TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May) WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1) THU: BoE Announcement, PBoC…
Trends in the forex market tend to be strongest when fundamentals support technical moves.. Many retail forex traders dismiss the fundamentals when trading because they are sometimes hard to figure out and because they are not easily converted into a trading strategy. Nevertheless, they are often the major driver of broader trends and regularly…
EURUSD Gaps Lower: How to Trade in a Geopolitical Market I can’t remember the last time European politics was a market factor but as this chart shows, the gap opening down in the EURUSD suggests this is currently the case. Whether it is an expected gains by the far right in EU election results…