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  • 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/
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  • 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/
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  • 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/
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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 / 20 December 2018 at 6:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Another equity market plunge

    A rate hike by the Fed as expected on Wednesday 19th December, but the market had also anticipated a more dovish shift in overall tone.

    The more cautious tone going into 2019 was expected by global markets, given growing signs of a global slowdown, a softening of the US data and also the selloffs already seen by the equity markets.

    Although the FOMC did pare back the potential rate hikes for next year, a still relatively hawkish tone left equities markets vulnerable and markets have seen significant losses for US and global equities since the Fed announcement.

    Below we spotlight the S&P 500 E-mini future.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/another-equity-market-plunge/
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  • Squawk / 17 December 2018 at 6:04 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Whoever is Short the Euro Has The Upper Hand by Stephen Pope

    ECB comments on the 13th undermined the Euro

    Any recovery in prices on Monday morning will be short lived

    No major reaction expected after FOMC on December 19th

    Bearish sentiment prevails and will take prices lower toward 1.1100

    See the full article and analysis here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/whoever-is-short-the-euro-has-the-upper-hand/
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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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