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  • Squawk / Yesterday at 5:39 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD and FTSE 100 views with UK Employment report in focus

    As global equity markets have stabilised from the end of last week after their recent aggressive selloffs, the focus returns to the data, with the spotlight today on the UK Employment report.
    Key to watch for Tuesday will be the Average Earnings data, for signs of a labour market that is continuing to tighten and its potential impact on inflation.
    Despite the focus on the data, this is still with the backdrop of the looming EU Brexit summit on Wednesday, with pre-negotiations not going positively.
    Here we look at the technical sets ups in FX for the GBPUSD currency rate and in the equity space, the FTSE 100.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-and-ftse-100-views-with-uk-employment-report-in-focus/
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  • Squawk / Monday at 17:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD and GBPUSD in a Temporary Consolidation by Gregor Horvat

    EURUSD can be counted in five waves from 1.1430 low so more upside can be coming after a three wave set-back which is still underway. Ideally there will be an a-b-c set-back into 1.1500 area where bounce may show up this week.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/eurusd-and-gbpusd-in-a-temporary-consolidation/
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  • Squawk / Monday at 5:01 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Introduction to 4th Dimension by Trading Time on GBPUSD (Cable) by Shaun Downey

    The first of a new series of video analysis by Shaun Downey using his unique methods that concentrate on Support and Resistance and the patterns associated with them, from his book New Methods in Technical Analysis.

    This first video gives a brief insight into his methods and uses the current set up in the British Pound as an example.

    See the very informative video introduction here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/introduction-to-4th-dimension-by-trading-time-on-gbpusd-cable/
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  • Squawk / Monday at 4:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY trying to base equities extend bear move lower

    A slight stabilising of global equity markets on Friday, led by Asia and reinforced through the European and US sessions has indicated a potential for very near-term bases and a very short-term conclusion to the recent bear moves.
    This has eased the aggressive risk off scenario that has plagued markets over the past week.
    The risk off phase has encouraged a stronger Japanese Yen given tis traditional safe haven status, pushing USDJPY notably lower.
    However, given the short-term bottoming efforts by equity markets, the immediate risk for USDJPY is shifting to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/usdjpy-trying-to-base-equities-extend-bear-move-lower/
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  • Squawk / 05 October 2018 at 9:14 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    S&P 500 and USDJPY downside threats into US Employment report

    Today, Friday 5th October sees the release of the September Employment report from the US.
    Given the recent, early October surge to higher yield across the US Treasury after a slightly more hawkish tone from Fed Chairman Jerome Powell, the Employment report will be much watch as usual, with particular focus on the inflationary pressures from wage growth and average hourly earnings.
    The S&P 500 future reversed on Thursday below a key up trend line from the summer and also completed a small technical Double Top pattern, which skews risks lower into Friday’s report.
    For USDJPY, a setback from below key resistance at 114.73 sees the threat to support levels and maybe a more negative technical picture.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/sp-500-and-usdjpy-downside-threats-into-us-employment-report/
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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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  • Squawk / 03 October 2018 at 6:51 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD sits above key support into Theresa May’s Conference speech

    Today, Wednesday 3rd October sees UK Prime Minister Theresa May deliver her keynote speech to the Conservative Party Conference.
    This is of particulate note this year given the fragile position of Brexit negotiations and also Mrs May’s unsteady position as Tory Party leader and therefore Prime Minister.
    Over the past 1-2 weeks, Sterling has been selling off, with GBPUSD losses from latter September now leaving the market vulnerable to a more bearish tone.
    A GBPUSD move below 1.2894 would signal an intermediate-term bearish trend shift.
    The UK benchmark equity index, the FTSE 100 has seen a firm rally since September, benefiting from the GBP weakness, and currently looks to extend those gains into early Q4.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-sits-above-key-support-into-theresa-mays-conference-speech/
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  • Squawk / 02 October 2018 at 11:13 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY Trading in A Bigger Correction – Elliott Wave Analysis by Gregor Horvat

    On the daily chart of USDJPY we see price unraveling a part of a bigger, complex correction, known as an Elliott wave triangle pattern.
    A EW triangle is a five-legged pattern, which moves sideways and can be contracting or expanding.
    In our case we see it contracting, and currently unfolding leg D with its three-wave rally from the 105.0 area. Specifically we see sub-wave C of D in play which can take price towards the 115.0/117.5 region.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/usdjpy-trading-in-a-bigger-correction-elliott-wave-analysis/
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  • Squawk / 02 October 2018 at 6:05 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Positive risk environment points USDJPY and global equities higher

    NAFTA talks ended with a positive outcome, highlighting a less negative tone to the global trade war backdrop.
    We see this having a positive impact on riskier assets and a negative impact on safe havens, with a further shift towards a “risk on” environment.
    USDJPY has continued to march higher, with the safe haven Japanese Yen under pressure.
    US equity markets stay particularly firm, with the S&P 500 back close to its record high.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/positive-risk-environment-points-usdjpy-and-global-equities-higher/
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    02 October
    Sultan73 Sultan73
    thanks
  • Squawk / 01 October 2018 at 7:45 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    NAFTA talks resolve positively sending USDCAD plunging lower

    NAFTA talks have finally resolved positively over the weekend.
    This has reinforced the global shift already being seen across asset classes towards a “risk on” environment, easing global trade war fears.
    This has been particularly positive for the Canadian Dollar, with the USDCD FX rate plunging lower, to re-energise both the short- and intermediate-term bearish trends.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/nafta-talks-resolve-positively-sending-usdcad-plunging-lower/
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