The USDJPY has spent this week trading in a well-defined range, bouncing between the 100-bar moving average on the 4-hour chart at 147.90 and the 200-bar moving average below at 146.78. The 100-bar MA capped rallies on both Monday and Friday, while the 200-bar MA provided support on Tuesday, Thursday, and again today. As of … Read more
A Trump-Putin summit is tentatively scheduled for the end of next week. In a sign of solidarity and compromise, Ukraine’s president Zelenskiy is saying: We all should support US constructive effort to reach a cease-fire in Ukraine Hopefully, there is as much compromise in the forthcoming negotiations to end the war from both sides. US … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
The USDCHF moved lower at the start of the week but found willing buyers near the 200 hour MA. Later in the week, the price rose aided by the price reaction on the Switzerland tariffs imposed by the Trump administration. Since then, the price action has seen a number of downs-and-ups. The price low since … Read more
The USDCAD has moved modestly higher after the weaker than expected Canadian jobs report. Summary: Canada’s July jobs report was significantly weaker than expected, with a net loss of 40.8k jobs driven by a sharp decline in full-time positions. While the unemployment rate held steady and was slightly better than forecast, the overall data paints … Read more
“It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner traders don’t want to experience the pain of loss, so they search for trading systems … Read more
Reuters is reporting on the matter and the sources cited also say that India’s defence minister has cancelled his planned visit to the US. This comes as India is now pausing plans to purchase US arms, which would’ve included Boeing P-8I aircrafts, Stryker vehicles, and Javelin missiles. It is said that India is now waiting … Read more
Typically, the August month isn’t too kind to GBP/USD and AUD/USD. However, this year is proving to be a bit different. The former is up 1.8% on the month while the latter is up 1.5% already to start August trading. Over the last years, this month is usually the worst month for both currency pairs. … Read more
Fundamental Overview The bullish momentum has waned this week as traders turned their attention to the US CPI data coming up next week. The soft NFP report triggered a quick dovish repricing in interest rates expectations which fuelled a rally in gold as real yields fell. We’ve also seen more and more Fed members changing … Read more
Prior -32.2 Q3 consumer sentiment -28 Prior -39 Swiss consumer sentiment was little changed in July but seen much better in Q3 overall as opposed to the previous quarter at least. But with the latest ruling on tariffs on Swiss gold, that is something to be wary about and especially if pharmaceuticals are also next … Read more
