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The US Dollar Index getting ready for Friday’s NFP!

The DXY is moving to the 50% retracement level of the September 28th highs to the lows of October 4th. Unless there is a surprise in the markets before then, DXY is likely to sit near these levels until the data is released.

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Yesterday 03:27 PM
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Mexico CPI due out tomorrow, but does it matter?

Banxico has been hiking rates at the same pace as the Fed since the beginning of summer, most recently with a 75bps rate hike last week.

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Yesterday 12:20 PM
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The US dollar index (DXY) hints at a swing low ahead of NFP

After a 5-day correction, the US dollar index is showing signs of stability above a key support zone.

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October 5, 2022 11:03 PM

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Polish Central Bank keeps rates unchanged; Will more Central Banks pivot?

After pivots by the RBA and the National Bank of Poland, questions are swirling over which central bank will be the next to pivot?

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October 5, 2022 03:58 PM

GBP/USD off lows following another bruising session

The slide was more of a dollar-rebound story rather than about the pound, although the cable was among the weakest of the majors

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October 5, 2022 12:40 PM
Oil rig on an grey day

OPEC+ agrees to a 2,000,000bpd cut!

How much higher will Brent Crude go? It may depend of the size of the energy crisis that is brewing throughout Europe, as well as the extend to any type of price cap placed on Russian oil.

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October 5, 2022 11:50 AM
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Could the Non-Farm Payrolls print be…….BAD?

If the NFP print is weaker than expected, there will be a lot of talk about the Fed "pivot", and markets may see the current trends in stocks and the US Dollar continue!

October 4, 2022 03:35 PM
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Technical Tuesday: Gold, EUR/USD and S&P 500

In this week’s edition, we are getting technical on the 10-year US bond yields, gold, EUR/USD and S&P 500.

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Two trades to watch: EUR/USD, GBP/USD

EUR/USD holds over 0.98 amid an upbeat mood. GBP/USD extends gains after Chancellor’s U-turn.

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October 4, 2022 03:17 AM
Oil rig in the sea

OPEC+ Preview: Will 1,000,000 bpd cut it?

If OPEC+ cuts 1,000,000bpd, be careful of a “buy the rumor, sell the fact” trade.

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October 3, 2022 04:13 PM
Bank notes of different currencies

How a forex trading journal can strengthen your trades

Trading journals are crucial for implementing your trading strategies effectively. Learn how to start one and what you should be tracking with it in this guide.

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Currency pair of the week: AUD/USD

With the RBA meeting on Tuesday and Non-Farm Payrolls from the US on Friday, AUD/USD could be volatile this week.

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October 3, 2022 12:27 PM
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Week Ahead: More CB intervention? Plus, RBA, RBNZ, OPEC+, and NFP

Markets will be waiting on pin and needles this week to see which central bank may be the next to intervene.

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September 30, 2022 03:08 PM
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US Core PCE follows EU CPI higher

Markets are pricing in a 75bps rate hike for both central banks. However, the meetings not until the end of October and there is still a lot of data which can change rate hike expectations

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September 30, 2022 11:01 AM
Currency exchange rate board of multiple currencies

Forex Friday: It is all about the pound

In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.

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China ready to intervene in USD/CNH; Tells banks to prepare

After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.

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September 29, 2022 12:01 PM

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EUR/USD climbs on German CPI and BoE lead

The EUR/USD has today followed the GBP/USD higher.

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September 29, 2022 11:51 AM
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Gilts gone wild!

The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%.

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September 28, 2022 03:53 PM
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BOE folds and intervenes in bond markets; GBP/JPY in 410 pip range

With the BOE and the BOJ intervening over the last week, GBP/JPY has been extremely volatile, trading in a range from 164.44 down to 148.79 over that same timeframe.

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September 28, 2022 10:58 AM

GBP/USD: BoE intervention unlikely to help pound

BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.

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September 28, 2022 07:00 AM
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The yuan hits a 14-year low and sends USD/CNH above 7.2000

Another day, another big level gives way for global markets. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.

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September 28, 2022 12:56 AM
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Shorting the pound: how to short sell the British pound

Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Find out more about short selling the pound.

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September 27, 2022 02:00 PM