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  • Squawk / 02 May 2019 at 7:05 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY and USDCAD stay bullish

    When we last reviewed USDJPY and USDCAD Forex rates here on 23rd April, we had bullish outlooks for both, which has been reinforced by subsequent price activity.
    A generally more positive tone for the US Dollar in the wake of the FOMC decision and statement on Wednesday 1st May leaves both short- and intermediate-term risks towards the upside for early May for both the USDJPY and USDCAD currency pairs.

    See the full article here: https://www.forextraders.com/forex-charts/technical-analysis/usdjpy-and-usdcad-stay-bullish/
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  • Squawk / 14 January 2019 at 8:24 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD poised for an intermediate-term bear shift; USDJPY neutral

    A broadly more negative tone for the US Dollar has been seen in early 2019, given a more dovish tone from FOMC Members, including the Fed Chairman, Jerome Powell.
    Furthermore, a global shift to “risk on” has also been seen in early January, with easing trade war concerns.
    The above macroeconomic fundamental shifts, alongside a firm rebound in the Oil price (after aggressive weakness in Q4 2018) has seen USDCAD plunge lower, to neutralise an intermediate-term bull trend and threaten an intermediate-term shift to bearish (see below).
    USDJPY did seem an aggressive selloff to start the year with a “risk off flash crash”, but the strong subsequent rebound has seen an intermediate-term shift back to a neutral, broader range environment.

    See the full article and video analysis here: https://www.forexfraud.com/technical-analysis/usdcad-poised-for-an-intermediate-term-bear-shift-usdjpy-neutral
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    14 January
    John Shaw John  Shaw
    Thank you Steve
    Wow. Just a few weeks ago is was all bullish on USDCAD. In the last 6 months I think I've seen a bull...
  • Squawk / 11 January 2019 at 6:48 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity averages forming better bases

    In previous articles already this week lwe have highlighted basing effort by global equity averages (the S&P 500 and DAX).
    These technical bottoming attempts have been reinforced through this week from the fundamental side by apparent progress in the US-Sino trade talks and further dovish comments from Fed speakers, with the FOMC Minutes on Wednesday reinforcing these dovish outlooks.
    Here we revisit the S&P 500 future, which has recently neutralised an intermediate-term bear theme, with the asymmetrical risks towards an intermediate-term bullish shift.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-forming-better-bases/
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  • Squawk / 10 January 2019 at 7:04 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD intermediate-term bullish shift with GBPUSD poised for similar

    A weakening of the US Dollar has been a theme across Forex markets in early 2019.
    This has mainly been driven by a more dovish tone from Federal Reserve members since latter 2018, and in particular from the FOMC Chair, Jerome Powell into early January, reinforced Wednesday by the most recent FOMC Minutes.
    The weakened US Dollar has seen the EURUSD currency pair recently surge through 1.1545 resistance, switching the intermediate-term outlook from neutral to bullish.
    The GBPUSD rebound for early 2019 has positioned this FX rate to make a more positive technical statement in at least the short-term, as we go into a key Brexit phase in the UK Parliament.

    See the full article with video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-intermediate-term-bullish-shift-with-gbpusd-poised-for-similar/
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  • Squawk / 07 January 2019 at 8:46 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equity markets basing efforts

    A very erratic tone for global equity markets into late 2018 and to start early 2019, but the first week of the new year ended on a positive with risks skewed towards the upside.
    A global equity market selloff into the Christmas holiday was then followed by a robust rebound before the end of the year, during very erratic, illiquid trading activity.
    The start of the year on Wednesday 2nd January saw a guidance warning from Apple, that triggered a “flash crash” in FX markets, but the subsequent rebound into the end of last week have seen positive technical developments for the major, global equity indices.
    On the fundamental side, a strong US Employment report, a somewhat dovish Jerome Powell and the upcoming US-Sino trade talks point to upside potential into mid-month for the major equity markets.
    Here we spotlight the S&P 500.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-markets-basing-efforts/
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  • Squawk / 30 November 2018 at 6:43 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound stays vulnerable to further losses by Steve Miley

    The Cable spot FX rate (GBPUSD) has retained a more negative outlook, despite recent losses and weakness for the US currency.
    A more dovish tone was indicated in Wednesday’s speech by Jerome Powell, with the Fed Chairman signalling that rates were close to the Fed’s “neutral rate”.
    This saw the Eurodollar, interest rate market price in only 1-2 rate hikes in 2019 (as opposed to closer to three previously).
    Since then, the US currency has been broadly weaker against most other major currencies.
    HOWEVER, although GBPUSD did see a brief rally (driven by US Dollar weakness after the speech), subsequent GBPUSD losses have highlighted an ongoing Sterling (GBP) vulnerability.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-stays-vulnerable-to-further-losses/
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  • Squawk / 04 October 2018 at 8:23 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    US Treasury selloff leaves equities vulnerable and risks to key S&P 500 support

    A plunge in prices across US Treasuries over the past 24 hours to reinforce higher yield moves across the UST yield curve seen since September, in reaction to a more hawkish tone from Jerome Powell.
    This points to still higher yields in the short-term.
    Furthermore, this price action has put some negative pressure on US equity markets.
    The S&P 500 future is probing a key up trend line from the summer, below which could see a more negative technical picture.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-treasury-selloff-leaves-equities-vulnerable-and-risks-to-key-sp-500-support/
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