All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Squawk / 02 May 2019 at 7:08 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    US equity indices question the immediate bull trend

    A rally and then a plunge back lower on Wednesday for the major US equity averages, after the FOMC rate decision, statement and conference.
    The tone from Fed Chairman Powell was that a rate cut in the near term is unlikely, which impacted negatively on US stock indices
    This has eased very short-term upside risks with markets previously at or near all-time highs, shifting the immediate threat to the downside.
    Here we put the spotlight on downside threats for the broad US benchmark average, the S&P 500 future.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-equity-indices-question-the-immediate-bull-trend/
    Read the Squawk
  • 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/
    Read the Squawk
  • Squawk / 29 April 2019 at 5:37 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    U.S. Dollar Index Waits For Fed; Should Push Higher

    Dollar bulls are in full cry, they like the positive economic tone
    The strength of the Dollar will continue, even if the Fed are on hold
    There is no economic need for a rate cut; pricing is incorrect
    Target 98.70

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/u-s-dollar-index-waits-for-fed-should-push-higher/
    Read the Squawk
  • Squawk / 18 April 2019 at 5:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD – Euro positive short-term

    The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
    The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
    Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
    Read the Squawk
  • Squawk / 10 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD remains vulnerable into ECB meeting and Fed Minutes

    The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
    This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
    Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
    Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.

    https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-remains-vulnerable-into-ecb-meeting-and-fed-minutes/
    Read the Squawk
  • Squawk / 21 March 2019 at 6:52 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    US Dollar plunges as the Fed stays dovish

    The US Dollar has been weakening across major global currencies over the past 1-2 weeks, mainly driven by two factors.
    A shift to a more “risk on” environment with global stocks rallying has seen the US$ decline, as it is not in as great a demand as a safe haven.
    Furthermore, and more notable over the past 24 hours has been the anticipation of a more dovish Federal Reserve, ahead of the meeting on Wednesday.
    The Fed delivered a far more dovish tone than even the market had expected on Wednesday, projecting no further rate hikes this year and ending the steady decline of its balance sheet in September.
    This encouraged a far more aggressive selloff on the US Dollar and here we focus on the USDJPY and EURUSD Forex rates.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-dollar-plunges-as-the-fed-stays-dovish/
    Read the Squawk
  • Squawk / 19 February 2019 at 6:19 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Euro stays vulnerable

    The Euro remains vulnerable, particularly versus the US Dollar, with recent rebound effort fading.
    Ongoing concerns regarding a global economic slowdown are intensifying, with signals from the European Central Bank that a still more dovish approach to monetary policy could be seen in 2019.
    Although the Federal Reserve in the US have also shifted to more dovish, given global economic worries, the US Dollar remains a safe haven of choice.
    This leaves the EURUSD Forex rate vulnerable.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/euro-stays-vulnerable/
    Read the Squawk
  • Squawk / 31 January 2019 at 6:57 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    AUDUSD and NZDUSD stay bullish

    Both the AUDUSD and NZDUSD have indicated a more positive tone in short-term consolidation phases since mid-January, but US Dollar weakness after the dovish Fed tone on Wednesday has seen a more positive tone appear for both these currency pairs.
    Furthermore, these gains have been reinforced by a more positive, “risk on” tone across global equity markets this week, with both the Australian and New Zealand Dollars benefiting from a perfection of a more encouraging global economic outlook.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/audusd-and-nzdusd-stay-bullish/
    Read the Squawk
  • Squawk / 15 January 2019 at 6:30 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Equities poised for further up legs t the 2019 advances

    Global equity indices have posted solid, sideways consolidation activity over the past week, defending support levels from the recent early 2019 recovery rallies.
    The strong advances so far this year have been driven by both a more dovish tone from the Federal Reserve in the US and a perception of positive progress on trade talks between the US and China.
    The consolidations that have been seen into mid-January should provide platforms from which to launch higher, to challenge more significant resistance levels and turn the intermediate-term outlooks for equity indices from bearish to neutral and even to bullish.
    Below we focus on the US broad benchmark average, the S&P 500 E-mini and the German benchmark, the DAX.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-poised-for-further-up-legs-t-the-2019-advances/
    Read the Squawk
  • 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
    Read the Squawk
    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...