Australian Dollar at Risk as Market Sentiment Sours After Powell Comments
The risk-sensitive Australian Dollar is at risk of falling further versus the US Dollar as Asia-Pacific traders digest last week’s comments from Federal Reserve Chair Jerome Powell.
Read More »EUR/GBP Price Analysis: Climbs towards weekly highs above 0.8500, but finishes around 0.8480s
The EUR/GBP advances to fresh weekly highs, above the 100-DMA, erasing Thursday’s losses as Wall Street finishes the week in the green, falling betwee
Read More »The weekend Forex report for the week starting August 29, 2022: Fed’s Powell gets serious.
<p>In the weekend forex report for the week starting August 29, 2022, I first take a deep dive into the Fed Chair Powell Jackson Hole Symposium speech. The chair had…
Read More »Events to Look Out for Next Week
Next week, with Jackson Hole out of the way, markets should have a clearer indication on 75 bps or 50 bps for September but also for the year end and…
Read More »Euro Price Forecast: Hawkish Powell Sees Reemergence of Central Bank Divergence Narrative for EUR/USD
EUR/USD goes into the week with markets knowing the Fed’s aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.
Read More »USD/JPY extends recovery above 136.60, investors turn risk-averse ahead of Jackson Hole
The USD/JPY pair has delivered an upside break of the consolidation formed in a narrow range of 136.40-136.56 in the Tokyo session. The asset has exte
Read More »USD/CAD Rally Unravels Ahead of US PCE Report amid Failure to Test Yearly
Data prints coming out of the US may fuel the recent weakness in USD/CAD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show a slowdown in inflation.
Read More »On the Road to Jackson Hole!
Treasury yields have been choppy in early action awaiting Chair Powell’s speech on Friday. There was little reaction from the GDP or claims data though the marginal boosts to growth…
Read More »USD ticking higher in Asia morning trade
<p>Major FX rates are ticking lower against the USD. Apart from the items already posted there is no other fresh news nor data of relevance.</p><p> The countdown is on to…
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Simple RSI + 50 EMA + ADX Forex Trading Strategy Tested 100 Trades – Full Results
Here I test a simple 15 minute timeframe trading strategy that claims to be built by professional traders with over 50 years experience. Using just the RSI, ADX, and a…
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