Tag: FOREX TRADING STRATEGIES

Lower PCE inflation led traders to believe the Fed might lower rates by more than expected in 2024, which dragged USDCAD down last week....

USDJPY bears failed to extend their winning streak to six weeks in a row as the pair eked out a small gain ahead of...

EURUSD managed to close above the 1.1000 mark for the first time since July as traders bet the Fed will cut rates aggressively in...

USDJPY is attempting to stage a recovery in order to break its five-week losing streak. In today's Elliott Wave update we identify the key...

USDCAD is down again this week and already trading within the support area near 1.3300. Can it fall straight through it or should we...

EURUSD is up for the second week in a row as traders adapt to the new dovish Fed and the still-hawkish ECB. How high...

USDJPY plunged last week after the Fed pivoted to interest rate cuts, while traders await the Bank of Japan's decision on Tuesday. What would...

EURUSD surged by nearly 250 pips last week as a result of the Fed's pivot to rate cuts in 2024 and the ECB's unwillingness...

USDCAD plunged last week after the Fed kept rates unchanged and declared its intentions to pivot to as many as three rate cuts in...

USDJPY is plunging after the Fed held rates unchanged on Wednesday and announced its intentions for three rate cuts in 2024. How low is...

USDCAD is slightly up this week, but it is the Fed's rate decision and Jay Powell's commentary later today, which can make or break...

EURUSD is slightly up this week ahead of the ECB's policy decision on Thursday as traders expect the bank to keep rates unchanged. Would...

A hawkish hint by the BOJ was all it took to drag USDJPY down by over 500 pips last week before US labor data...

EURUSD fell sharply last week after strong US labor market data implied that the Fed might not start cutting rates as soon as some...

USDCAD finished in the green for the first time in four weeks after strong labor data implied that the Fed might take its time...

USDCAD is attempting to stage a comeback after three weekly trading sessions in the red. In today's Elliott Wave update we identify the key...

EURUSD is down by nearly 250 pips in just five trading days. Can the recovery we saw over the past two months still evolve...

USDJPY is slightly up, but mostly unchanged as forex traders are already looking forward to the Fed's interest rate decision next Wednesday. In our...

It’s been over a year since Liz Truss’ mini-budget plunged GBPUSD to under 1.0400 in September, 2022. The Pound Sterling is looking much better...

USDJPY finished in negative territory for the third straight week on rather dovish remarks by Fed Chair Jerome Powell. Is the uptrend officially over?...

EURUSD briefly peeked above the 1.1000 mark, before falling back down to close the week below 1.0900. Can the pair's recovery continue in December?...

The well-known inverse correlation between USDCAD and crude oil seems to be no longer at work as the two have been falling in tandem...

Falling treasury yields are dragging USDCAD down with them as forex traders no longer expect the Fed to keep raising interest rates. Is there...

EURUSD briefly peeked above the 1.1000 mark, but a decisive breakout is a far from certain, despite falling US treasury yields. Is the bulls'...

Long-term treasury yields are dropping and taking the dollar down with them with USDJPY being one of the casualties. Can the pair rebound soon?...

EURUSD added more gains to its already impressive November tally last week. Can we expect more of the same in December? Read in our...

Things looked really bad for USDJPY bulls at one point last week when the pair was down by 250 pips. They managed to regroup,...

November is shaping up as a bad month for USDCAD bulls, who suffered losses in three of the last four weeks. Can they turn...

Despite the numerous ups and downs, USDCAD is practically unchanged since the beginning of the week, hovering around 1.3720. In today's Elliott Wave update...

EURUSD bulls are taking a break following the impressive run they had last week. In today's Elliott Wave update we identify the key level...