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Intraday Market Analysis – USD Rally Accelerates
EURUSD seeks support The US dollar surged after May’s inflation beat expectations. The previous rebound’s failure to clear the supply area around...
Posted On 13 Jun 2022
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Powell Puts Rate Cut Up For Debate
At an event yesterday, Jerome Powell, the chair of the Federal Reserve, said that the magnitude of the projected rate cut at the upcoming Fed...
Posted On 18 Jul 2019
USD Strengthens On ADP Payrolls
The latest monthly private payrolls data from ADP/Moody’s Analytics showed that employers added 275k jobs in April. This beat estimates of a 181k...
Posted On 02 May 2019
USD Retreats On Weak Data And Upcoming Fed Meeting
The US dollar extended declines for a second consecutive day. Economic data on the day was focused on the PCE and personal spending income...
Posted On 30 Apr 2019
BoC Holds Rates Steady, Cuts GDP Forecasts
The Bank of Canada’s monetary policy meeting yesterday saw the interest rates unchanged at 1.75%. However, the central bank cut the GDP forecasts...
Posted On 25 Apr 2019
USD Bid Higher As New Home Sales Rises
The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis,...
Posted On 24 Apr 2019
CAD Hitches A Ride As Crude Prices Surges
The Canadian dollar rose on the back of rising crude oil prices. WTI crude oil closed on Monday with 2.45% gains. This allowed the Canadian...
Posted On 23 Apr 2019
Markets Open To A Quiet Trading Day
With most of the US and European markets closed due to Easter Monday bank holiday, the currency markets are expected to be quiet. Economic data...
Posted On 22 Apr 2019
USD Strengthens On Retail Sales And Jobless Claims
The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail...
Posted On 19 Apr 2019
USD Muted Despite China Growth And Shrinking Deficit
The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace...
Posted On 18 Apr 2019
New Zealand Quarterly Inflation Weaker Than Expected
The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand...
Posted On 17 Apr 2019
Dollar Muted As Equities Rally Ease Off
The US dollar closed Monday’s session unchanged as earnings reports from Goldman Sachs and Citi Group missed expectations, blaming...
Posted On 16 Apr 2019
Market Risk Appetite Wanes As IMF Cuts Growth Outlook
The International Monetary Fund (IMF) cut its global growth outlook once again. For the year 2019, growth is forecast to rise by 3.3% compared to...
Posted On 10 Apr 2019
USD Retreats As Factory Orders Weaken
The monthly factory orders report showed a 0.5% decline on the month matching estimates. The declines in February marks a fourth consecutive fall...
Posted On 09 Apr 2019
USD Firms As Unemployment Holds Steady
The payrolls report for March saw the US economy adding 196,000 jobs during the month. This beat expectations of a 175,000 increase for the...
Posted On 08 Apr 2019
USD Slips On Weak ADP Report
The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential...
Posted On 04 Apr 2019
USD Eases From A 4-Week High
The greenback tested a four week high at 97.09 on Tuesday before promptly giving back the gains. The reversal pattern comes amid a host of...
Posted On 03 Apr 2019
Dollar Extends Gains On Mixed Data
The US dollar index managed to hold on to the gains amid a mixed batch of economic reports. Retail sales fell 0.2% in February unexpectedly,...
Posted On 02 Apr 2019
Dollar Strengthens As Trade Talks Progress
The USD continued to maintain the gains amid a host of factors. The revised GDP for the fourth quarter saw the US economy rising 2.2% compared to...
Posted On 29 Mar 2019
USD Maintains Gains As Trade Deficit Shrinks
The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December...
Posted On 28 Mar 2019
NZD Tumbles As RBNZ Turns Dovish
The New Zealand dollar traded 1.5% lower today after the overnight session showed that the RBNZ was likely to cut interest rates in the near...
Posted On 27 Mar 2019
USD Weakens As Bond Prices Continue To Fall
The US dollar traded weak on Monday as the 10-year bond prices rallied pushing yields lower. The spreads between the 3-month and 10-year yields...
Posted On 26 Mar 2019
USD Recovers Ahead Of Next Week’s Trade Talks
Washington noted it would be removing the tariffs in stages but could re-impose them upon violation of the trade agreement. Join our responsible...
Posted On 22 Mar 2019
USD Slips As Fed Forecasts No Rate Hikes For The Year
The USD was trading weaker on Wednesday after the FOMC meeting yesterday saw the Federal Reserve leaving interest rates unchanged. The Fed also...
Posted On 21 Mar 2019
UK Brexit Vote Due Amid GDP Report
The US dollar extended declines for a second daily session. Economic data on the day was relatively sparse. The euro traded subdued while gold...
Posted On 12 Mar 2019
Final 2018 Eurozone Growth Comes In Well Below Expectations
The final 2018 growth figures for the Eurozone will have no doubt been a massive disappointment to the ECB. At just 0.2% quarter on quarter,...
Posted On 01 Feb 2019
Intraday Technical Analysis 18 January
The Eurozone’s inflation report showed that consumer prices slipped more than expected. Headline CPI fell to 1.6% which was more than the flash...
Posted On 18 Jan 2019
Bitcoin Elliott Wave analysis for 17/01/2019
Market technical overview: The impulsive wave up has been completed at the level of $4,200 and then the Bitcoin market has made the three waves...
Posted On 17 Jan 2019
Intraday Technical Analysis 17 January
The markets continued to focus on Brexit which dominated the headlines for a second consecutive day. No less than 24 hours after the UK...
Posted On 17 Jan 2019
Intraday Technical Analysis 16 January
The markets traded shaky grounds on Tuesday amid a host of concerns. Reports from Washington revealed that there was no progress on the critical...
Posted On 16 Jan 2019
Technical analysis of NZD/USD for January 15, 2019
Overview: The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705...
Posted On 15 Jan 2019
Indicator analysis. Daily review for January 15, 2019 for the pair GBP / USD
On Monday, the price moved up and tested a rolling level of 50.0% – 1.2887 (yellow dotted line). Strong calendar news today comes out at...
Posted On 15 Jan 2019
Technical analysis of AUD/USD for January 14, 2019
Overview: Pivot: 0.7112. The AUD/USD pair is set above strong support at the level of 0.7046, which coincides with the 23.6% Fibonacci...
Posted On 14 Jan 2019
Intraday Technical Analysis 9 January
The U.S. dollar was seen making modest gains to recover from Monday’s losses. The markets were supported by the ongoing trade talks between the...
Posted On 09 Jan 2019
Intraday Technical Analysis 8 January
The U.S. Dollar traded weaker on Monday amid a host of mixed data. From the Eurozone, the Sentix investor confidence report showed a decline...
Posted On 08 Jan 2019
Intraday Technical Analysis 7 January
The U.S. Dollar closed flat on Friday. The day was marked with some mixed economic reports and a speech by Fed Chair Jerome Powell which sent the...
Posted On 07 Jan 2019
Intraday Technical Analysis 03 January
The U.S. Dollar posted strong gains on Wednesday as price action in the greenback sent most of its peers to close lower on the day. Gold prices...
Posted On 03 Jan 2019
Intraday Technical Analysis 02 January
The markets wake up to a new trading day of the year with the holiday season behind. Economic data picks up pace covering the latest for the...
Posted On 02 Jan 2019
Intraday Technical Analysis 31 December
The U.S. dollar was seen trading a bit weaker on Friday with the markets showing a mixed sentiment overall. The Japanese yen maintained its...
Posted On 31 Dec 2018
Intraday Technical Analysis 21 December
The U.S. dollar was seen trading volatile a day after the Fed hiked rates. On the economic front, the Bank of Japan’s meeting held yesterday did...
Posted On 21 Dec 2018
Intraday Technical Analysis 20 December
The FOMC held its meeting yesterday, and as widely expected, the Central Bank raised interest rates by another quarter point. This brought...
Posted On 20 Dec 2018
Intraday Technical Analysis 19 December
The U.S. dollar was seen trading weaker on Tuesday. The weakness in the greenback comes ahead of today’s Fed meeting. However, the USD was seen...
Posted On 19 Dec 2018
Analysis of AUDJPY 18.12.2018
The price is below the moving average 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index...
Posted On 18 Dec 2018
Intraday Technical Analysis 18 December
The Euro currency managed to rise as the U.S. Dollar was seen trading weaker. Economic data on the day showed that the final inflation for...
Posted On 18 Dec 2018
Intraday Technical Analysis 17 December
EURUSD (1.1306): The Euro currency was seen trending lower on Friday as the USD posted strong gains. Price action briefly broke past the support...
Posted On 17 Dec 2018
Intraday Technical Analysis 14 December
The Swiss National Bank held its monetary policy meeting on Thursday. The Central Bank kept its LIBOR rate unchanged at -0.75% as widely...
Posted On 14 Dec 2018
Intraday Technical Analysis 13 December
Brexit hogged the limelight on Wednesday as British PM May faced a vote of no-confidence. Although there was a surprise in the decision, this was...
Posted On 13 Dec 2018
Intraday Technical Analysis 7 December
The U.S. Dollar was trading mixed on Thursday. Economic data on the day showed that U.S. private sector firms added 179k jobs during November....
Posted On 07 Dec 2018
Intraday Technical Analysis 6 December
Trading in the U.S. markets were subdued as equities, and some other exchanges were closed due to the National day of mourning for the former...
Posted On 06 Dec 2018
Intraday Technical Analysis 5 December
The U.S. Dollar was seen trading a bit volatile on Tuesday. Economic data on the day showed that consumer prices in Switzerland fell 0.3% on the...
Posted On 05 Dec 2018
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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:
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