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Jay Powell’s Dovish Holiday Surprise
A dovish pivot The market sensitivity to Fedspeak was on full display overnight when Jay Powell comments at the Economic Club of New York were...
Posted On 29 Nov 2018
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Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD Current level – 1.1399 The reversal at 1.1335 looks like an minor one and while 1.1430 resistance is intact, the risk of a tighter 1.1300...
Posted On 29 Oct 2018
Tech Sell-Off Sends DAX Lower
The DAX index has posted strong losses in the Wednesday session. Currently, the DAX is trading at 11,888 points, down 0.68% on the day. Earlier...
Posted On 28 Mar 2018
A List of Prop Trading Salaries: How Much Money You Can Expect to Make
I’m sure these sound familiar: “Top 10 trading methods to earning $1,000/day (#4 will shock you!)” “See how this welder earned an extra...
Posted On 22 Mar 2018
EURUSD Intraday Analysis
EURUSD (1.2362): The euro currency reversed the declines as price was seen pushing higher on the day. The euro gained 0.77% on the day but price...
Posted On 22 Mar 2018
CRUDE OIL Stabilizing
Crude oil bullish trend pauses, the pair broke hourly resistance at 64.14 (22/01/2018) and is approaching hourly resistance at 66.66 (25/01/2018...
Posted On 22 Mar 2018
GOLD Approaching Resistance At 1338
Gold is trading sideways, near hourly resistance at 1338 (19/01/2018 high) and expected to stabilize along the 1332 range. Hourly support remains...
Posted On 22 Mar 2018
USDJPY Analysis: Fails To Overcome 55-Hour SMA
The US Dollar continues to weaken against the Yen for the fourth consecutive session. Some upside potential was apparent mid-Friday when bulls...
Posted On 19 Mar 2018
Elliott Wave Analysis: CADJPY Further Downside To End Wave 5
CADJPY Elliott Wave view suggests that the decline from 1.5.2018 high (91.58) is unfolding as a 5 waves impulse Elliott Wave structure. Minor...
Posted On 15 Mar 2018
Japanese Yen Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the JPY and closed at 106.29. In the Asian session, at GMT0400, the pair is trading...
Posted On 15 Mar 2018
Elliott Wave Analysis: USDCAD Potential Upside To 1.324
USDCAD Short Term Elliott Wave view suggests the rally from 1/31 low (1.2247) remains in progress as a triple three Elliott Wave Structure. A...
Posted On 14 Mar 2018
Dollar Tumbles as Trump Preparing for Full Blown Trade War with China
Global markets tumbled on concern that US President Donald Trump is finally starting the steps towards a full blown trade war with China. DOW...
Posted On 14 Mar 2018
Dollar Selloff Restarts as CPI Just Met Expectation, Trump Fired Tillerson
Dollar suffers broad based selling in early US session as in-line with expectation CPI data is a relieve to market participants. Additional, the...
Posted On 13 Mar 2018
USD/CAD – Unchanged as US Consumer Inflation Matches Expectations
USD/CAD has ticked higher in the Tuesday session. In North American trade, USD/CAD is trading at 1.2850, up 0.05% on the day. On the release...
Posted On 13 Mar 2018
US Markets Regain Composure After Rough Couple Of Weeks
It would appear stock markets are starting to regain some of their composure following a couple of very volatile weeks in which US indices fell...
Posted On 15 Feb 2018
Dollar Holds Weak Amid Debt Concerns, European Stocks Extend Gains
Stronger-than-expected consumer prices on Wednesday failed to support the dollar, pushing it even lower on Thursday despite markets increasing...
Posted On 15 Feb 2018
Zuma Conclusion Lifts Rand To Near 3-Year High
After months of ongoing speculation, the overnight climax with Jacob Zuma resigning from his position as President of South Africa has lifted the...
Posted On 15 Feb 2018
Dollar Higher as Global Stock Market Rout Extends
Global stock markets selloff continues today. At the time of writing, all major European indices are trading in red. FTSE 100 is down -1.9%, DAX...
Posted On 06 Feb 2018
GBPUSD Lifted By UK GDP But Further Upside May Be Limited Ahead Of US GDP
The UK economy ended last year with a stronger-than-expected growth of 0.5% in the fourth quarter. However, growth in 2017 as a whole was still...
Posted On 26 Jan 2018
Can GBP/USD Hold 1.3480 Ahead Of UK’s Production Report?
The British Pound traded higher during the start of January 2018 against the US Dollar. The GBP/USD pair traded as high as 1.3612 before starting...
Posted On 10 Jan 2018
EUR/CHF Daily Outlook
No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. We’re holding on to the view that it’s close to...
Posted On 10 Jan 2018
EUR/AUD Daily Outlook
Focus remains on 1.5226 key support level in EUR/AUD. As long as this support holds, further rise will still be in favor. Break of 1.5430 minor...
Posted On 10 Jan 2018
Pound Trading Marginally Lower, Ahead Of Key Economic Releases In The UK
The pair is expected to find support at 1.3499, and a fall through could take it to the next support level of 1.3465. The pair is expected to...
Posted On 10 Jan 2018
Nonfarm Payroll Report: American Wage Growth Of Most Interest
The chief economist at Moody’s Analytics Mark Zandi said that ‘it is a good time to be an American worker’ given that the...
Posted On 04 Jan 2018
FOMC Minutes Under The Spotlight, Will Dollar Bulls Attack
Investors kicked off 2018 on a positive note sending U.S. stocks to fresh highs on the first trading day. The optimistic approach on day one was...
Posted On 03 Jan 2018
EUR/USD Traded Above 1.2050
European bond markets came under pressure on the first trading day of the year and the yield on 10Y Bund rose 4bp to 0.46% – the highest...
Posted On 03 Jan 2018
EURUSD Intraday Analysis
EURUSD (1.1781): The EURUSD posted declines yesterday as the ECB left the monetary policy unchanged. The long term inflation forecasts showed...
Posted On 15 Dec 2017
Federal Reserve Hikes Rates in December
There was a lot to digest in this statement. The upgrade to GDP and unemployment paints a macroeconomic landscape that is erasing economic slack...
Posted On 14 Dec 2017
USDJPY Intraday Analysis
USDJPY (112.74): The USDJPY formed an outside bar on Friday and closed bearish. The intraday rally towards 112.65 was met with strong resistance...
Posted On 04 Dec 2017
Elliott Wave View: SPX Intra-Day
SPX Intra Day Elliott Wave view suggests that the rally to 2597.02 ended Intermediate wave (3). Intermediate wave (4) pullback is currently in...
Posted On 16 Nov 2017
GBPUSD Intraday Analysis
GBPUSD (1.3034): The British pound posted strong gains yesterday as the price reached 1.3033 resistance. A reversal off this level is essential...
Posted On 06 Sep 2017
EURUSD Intraday Analysis
EURUSD (1.1912): The euro currency was seen trading subdued with price action trading with Friday’s range. However, the common currency was...
Posted On 06 Sep 2017
DAX Continues To Climb As North Korea Fears Abate
The DAX index has posted gains in the Tuesday session, continuing the upward movement seen on Monday. The DAX is trading at 12,200.80, up 0.29%...
Posted On 15 Aug 2017
Risk Appetite Gradually Returning But Caution Remains
The risk rebound continues in financial markets on Tuesday, as tensions between the US and North Korea appear to ease and investors gradually...
Posted On 15 Aug 2017
USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the upside as rebound from 1.2412 short term bottom continues. Such rebound should be corrective whole fall...
Posted On 08 Aug 2017
Markets Look To OPEC
As OPEC began its 2-day meeting in Abu Dhabi on Monday, to align its members to adherence to output reductions, data from S & P Platts...
Posted On 08 Aug 2017
Will The Bank Of England Disappoint?
The Bank of England’s monetary policy committee is set to meet in the coming day to provide a decision that could prove relatively...
Posted On 03 Aug 2017
USD/CAD Daily Outlook
No change in USD/CAD’s outlook. While deeper fall could be seen, considering bullish convergence condition in 4 hour MACD, we’ll be...
Posted On 26 Jul 2017
GBP/USD Daily Outlook
GBP/USD is still bounded in range below 1.3125 and intraday bias remains neutral first. With 1.2811 support intact, another rise is mildly in...
Posted On 26 Jul 2017
EUR/USD Daily Outlook
Despite edging higher to 1.1711, EUR/USD quickly retreated. Considering weak momentum with 4 hour MACD staying below signal line, intraday bias...
Posted On 26 Jul 2017
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use Privacy Policy