AUD traders heads up – RBA Statement (SoMP) due on Friday, then Lowe speaks next week
The Reserve Bank of Australia sounded a hawkish note in its policy decision and accompanying statement from Governor Lowe: The RBA promised “further increases in interest rates will be needed over the months ahead”. The quarterly Statement on Monetary Policy (SOMP) is due on Friday at 11.30 am Sydney time. 0030 GMT, and 1930 US […]
Review of trades of the Owl Smart Levels strategy for the week from January 30 to February 3, 2023 – Statistics – 6 February 2023
Today I present you an overview of deals made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from January 30 to February 3, 2023. Now it is not an easy period for trend strategies because the market has been stuck in a small channel for […]
Executive Moves of the Week
Entering February, we see a large increase in new executive roles being allocated this week in the forex, crypto and fintech industries, despite the redundancies in the market. Let’s review the executives that have taken on new roles and challenges in our executive moves roundup of the week. Trade.com Hires Michalis Tsaousellis as Chief Dealer […]
USDJPY runs up to test the high from last week. Backs off.
USDJPY moves up to test last week’s high The USDJPY has seen the pair move sharply higher after the much stronger than expected US jobs report followed by a stronger-than-expected nonmanufacturing ISM report. US yields are higher with the two year now up 17.2 basis points at 4.261%. The 10 year is up 14 basis […]
AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds
AUDUSD moves back to swing area The AUDUSD moved lower with the USD move up after the stronger than expected US jobs data and the stronger ISM data. The US jobs report took the price away from its 100 and 200 hour moving averages up at 0.7069 and 0.7081. In the Asian session, the price […]
XAG/USD tumbles to eight-week lows, worst week since October
US Dollar soars across the board after NFP. US ISM Service brings in more favourable data. Silver drops by more than 3% on Friday; down 8% from Thursday’s peak. Metals extended the sell-off after the US official employment report. Silver hits fresh monthly lows near $22.50 and is having the worst day in months. Strong […]
Future Outlook: Technical Trends for the Week of February 6 – February 10, 2023
This week we review how the results of last week’s price actions and trends that began at the beginning of the year are shaking out. Read more. E-Mini Russell 2000 Futures Weekly Chart The E-mini Russell followed through on the cross above the 52-Week Moving Average, reinforcing a bullish trend that began at the beginning […]
US stocks close lower but still higher on the week
The major US stock indices are ending lower on the day led by the NASDAQ index with a decline of about -1.6%. However, that comes after some pretty strong gains including a 3.25% gain yesterday. The final numbers are showing: Dow Industrial Average fell -127.93 points or -0.38% at 33926.00 S&P index fell -43.26 points […]
Events to Look Out For Next Week
The peace after the storm? After a Thunderous week, will the week ahead bring some sort of stability into the markets? With the ECB, BOE, and Fed out of the way for now, next week the RBA will be the only one reporting. The earnings reports and central bankers speeches […]
The Week Ahead – Turning the corner
AUDUSD rallies on increased risk appetite The Australian dollar rallies as the market remains risk-on. The US dollar’s softness may continue to provide tailwinds despite lacklustre domestic data. Australia’s retail sales saw its biggest drop in over two years in December as the economy is feeling the pinch of the tightening. Extended […]