Fundamental Analysis Articles

The US500 and Nasdaq continued their falls and finishing in the red on Friday. The ASX200 also had two consecutive lower low days breaking slicing below 6000 to finish the week also in the red.  We could see slight recovery back into the 6000 which is key for the advance,…

This article will briefly look at financial indicators that illustrate the current and forward looking view of the U.S. economy. Expected Inflation Levels  Image Source Credit: Scott Grannis Expected inflation levels can be calculated by taking the difference between Treasuries (Red Line) and Treasury Inflation protected securities (Blue Line) ,…

GBP/USD has dropped 700 pips in September reaching its Weekly Average Daily Range (ADR) volatility scale. With the RSI diverting at the lower low and 1.28150 level tested, any signs of bullish candle sentiment may present a great reward to risk ratio long for the GBP/USD. Key Points: Price at…

US equity bourses stage a slight recovery following a short period of heavy selling  AstraZeneca vaccine trails have been abruptly paused amid a concerning reaction from a UK test patient  WTI crude oil has managed to stay above $36 support 

Macro Weekly look ahead for the week commencing 31st August – 4th September 2020 Tuesday  AUD RBA Interest Rate Decision (consensus 0.25%, previous 0.25%) – 05:30 AM BST The RBA have already previously announced they will be keeping rates near the record low of 0.25%. Although RBA statements have talked…

The dollar index has staged a retracement , up +0.41%. This is likely a technical correction supplemented with positive manufacturing data after weeks of heavy selling. According to ING, the 94.50 level will be a difficult level for the index to clear.

European bourses are lower but remain within-session ranges with US futures posting similar performance . Price action has been choppy amid a lack of fresh fundamentals ahead of a quiet US schedule

4 Hour Timeframe – GBP/CHF 07/07/2020 17:30 PM Technical As illustrated in the chart above, there is a clear bullish head and shoulder formation. Prices are currently testing a key resistance level at around 1.18400 , a break and close above this zone would confirm the bullish head and shoulder…

GBP/USD maintains upwards momentum and moves higher. Market participants shift focus to US employment data. Global stocks edge higher on the back end of vaccine hopes and economic recovery.

GBP/USD maintains upwards momentum and moves higher. Market participants shift focus to US employment data Global stocks edge higher on the back end of vaccine hopes and economic recovery.

15 Minute Timeframe – EUR/USD 02/07/2020 7:30 AM Technical As illustrated above, EUR/USD has broken out of a descending trendline with prices currently displaying signs of breaking above a pendant (continuation structure). A break out above the continuation pendant structure is likely to see further upside. It is worth noting…

Recently Powell announced that the FED would be extending some of its purchasing programmes until 2022. Including the purchasing of riskier assets from corporate bonds to Junk bonds. Three quarters of a Trillion dollars has been allocated to the purchasing of corporate bonds which is unprecedented. This move has been…

S&P takes back all 2020 losses. The UK sees lowest level daily rise in COVID-19 deaths. GBP/USD trades higher

Weekly Time Frame – AUD/NZD 03/06/2020 20:00pm Technical As illustrated above, AUD/NZD has been trading in a wedge-like structure. Prices are currently testing the upper weekly trendline support. It is evident this weekly trendline has been a strong barrier for this pair, with multiple previous rejections. A close below the…

Daily Chart – EUR/USD 02/06/2020 15:40pm Essential Insight Positive risk mood in the market bolstering Euro higher.Bets that the ECB will expand the size of its Pandemic Emergency Purchase. Technical EUR/USD risen around 0.4% through the previous days Asian session, pushing prices to their highest since mid March, with an…

The Canadian dollar has extended its rally against the USD during the course of last week, with CAD gains being accelerated after USD/CAD broke below a key support at 1.3850.