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  • Squawk / 8 minutes ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    AUDUSD and NZDUSD corrective risks lower

    Both AUDUSD and NZDUSD have been unable to sustain strong rallies through mid-January, that were evident since the “flash crash” selloffs at the very start of 2019.
    This has been particularly disappointing, given global equity markets have continued to push higher, with the Australian and New Zealand Dollars usually benefiting as perceived “risk” currencies during “risk on” phases.
    Although the intermediate-term outlooks for both AUDUSD and NZDUSD for now remains for further upside, the short-term bias is to the downside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/audusd-and-nzdusd-corrective-risks-lower/
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  • Squawk / Yesterday at 6:54 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    With Oil, Keep Looking at Trade Data and Newsby Stephen Pope

    WTI boosted by two clear driving forces, trade and supply
    Any recovery in trade relations between the U.S. and China not until end of January
    The decline in operating oil rigs in the U.S. will be reversed
    Selling will be the early form after a 3% gain on Friday

    See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/with-oil-keep-looking-at-trade-data-and-news/
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  • Squawk / Yesterday at 6:48 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD downside threats ahead of Thursday’s ECB Meeting

    The Euro has come under broad negative pressures through mid-January, driven by continuing political turmoil in France and Italy, plus in Greece, Tsipras called and closely survived a vote of no confidence.
    Furthermore, the European Central Bank had been expected to begin to tighten up their very accommodative monetary policy and maybe start hiking rates by summer 2019. Disappointing inflation data is still the major concern for the ECB President, Mario Draghi and ahead of Thursday’s ECB Meeting, he cautioned markets last week that significant improvement would be required to see the rate hiking cycle commence.
    This sent the Euro lower and leaves the spotlight on further comments on the Thursday 24th January meeting.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-downside-threats-ahead-of-thursdays-ecb-meeting/
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  • Squawk / Sunday at 19:19 GMT
    Professional Technical Analyst / BSH Advisory
    India
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  • Squawk / Friday at 6:54 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    The Pound stays strong with GBPUSD technical shift to bullish

    In a prior report earlier this week we highlighted growing risks of a more bullish technical shift for the GB Pound, in particular noting bullish threats versus the generally weak US Dollar.
    Although the US Dollar has actually managed to post some notable corrective gains against other major currencies this week (Yen, Euro, the risk currencies including AUD and NZD), the Pound has also posted strong gains versus the US Dollar.
    This has been in a turbulent Brexit week, with Prime Minister Theresa May’s deal being rejected by Parliament and the government surviving a vote of no confidence.
    The apparent move away from a potential “no deal” scenario and also away from a possible general election has seen the GB Pound benefit, with a bias for further GBPUSD gains.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/the-pound-stays-strong-with-gbpusd-technical-shift-to-bullish/
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  • Squawk / Thursday at 8:08 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Global equity indices stay resilient, but still cautious

    Global equity markets have enjoyed a positive start to 2019 and have been rallying in most instances since straight after the Christmas holiday.
    This solid tone has been a reaction to; a more dovish Federal reserve tone since the end of 2018, an improvement in the US-Sino trade negations and the ability of markets to push above some notable technical levels.
    Although many averages have crept higher through mid-January, the pace of the advance has significantly slowed since the first part of the month, highlighting cautious.
    However, support levels have remained firmly intact, with the current consolidation seen as platform from which to launch to further recovery highs into the second half of January as we go through the earnings season.

    Here we focus on the European benchmark, the DJ Euro STOXX 50.

    https://www.fxexplained.co.uk/forex-articles/current-market-analysis/global-equity-indices-stay-resilient-but-still-cautious/
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  • Squawk / Thursday at 8:05 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD bull trend neutralised; USDJPY indecisive

    A more aggressive selloff for the USDCAD Forex rate into mid-January, as we had flagged, was assisted by a rebound in the Oil price (benefiting the Canadian Dollar) and has pushed through some notable USDCAD support levels (see below).
    This has shifted the intermediate-term outlook for USDCAD from bullish to neutral, with asymmetrical risks towards an intermediate-term shift to bearish.
    As expected, the USDJPY currency pair continued the rebound since the “flash crash” that started the year, to push above the 108.90 level, which neutralised the intermediate-term bearish outlook, to set a broader range theme into the second half of January.

    See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-bull-trend-neutralised-usdjpy-indecisive/
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  • Calendar event / Wednesday at 15:30 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -2M
    -2.683M
    High Gasoline Stocks, Net Chg (Bbl)
    +2.3M
    +7.503M
    High Distillate Stocks, Net Chg (Bbl)
    +0.9M
    +2.967M
    Med Crude Oil Stocks (Bbl)
    437.055M
    Med Gasoline Stocks (Bbl)
    255.565M
    Med Distillate Stocks (Bbl)
    143.009M
    Med Refinery Usage
    95.4%
    94.6%
    Med Total Prod Supplied (Bbl/day)
    20.864M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +1.1M
  • Squawk / Wednesday at 6:40 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound and FTSE retain a positive bias through key Brexit vote

    The key Brexit vote came and went on Tuesday evening with a far larger defat for the government than anticipated, but with the net impact on UK financial markets muted.
    The GB Pound saw a significant selloff with GBPUSD lower before and after the vote, but then a strong intraday rebound leaves GBPUSD in a technically positive position.
    The FTSE 100 did dip, but again recovered, leaving risks skewed higher in the short-term.
    The focus now shifts to today’s debate for a vote of no confidence in the government.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-and-ftse-retain-a-positive-bias-through-key-brexit-vote/
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