Current Market Analysis

The analysis of markets is a critical part of the trading decisions of any trader or investor. The individual trader or trading group may have a preference for: Macroeconomic Analysis, Microeconomics Analysis, Fundamental Analysis, Behavioural Analysis, Quantitative Analysis and Technical Analysis.

But whichever approach is employed, it is through this analysis that the trader decides:

  • If to buy or sell an asset
  • At which levels to enter a trade
  • At which level to put the target to hopefully take profit on the trade
  • Or, if the analysis proves incorrect, when and where is the trade wrong and at which level to exit the trade.

In this section we provide daily, real time market views including currency pairs forecasts, primarily through the approach of Technical Analysis, but also by utilising other approaches to market analysis. Many of our analyses also contains a video explaining the analyses. Click here for all video analyses and here for all forex news.


Intermediate

Equities stay bullish and US$ soars, sending EURUSD bear signal

A resilient consolidation tone for the major European equity averages over the past 24 hours, digesting solid gains to new 2019 cycle highs earlier this week, whilst the US benchmark average, the S&P 500, has stayed solid after soaring close to the record high from 2018.  The current “risk on” phase for equities has been … Continued

Intermediate

EURUSD and USD Index Intra-day Movement – Elliott wave Analysis

EURUSD is sharply dropping, down from 1.122 swing high which can be labelled as a sub-wave 5 of one, with possible support region around the 1.1180 region (Fibonacci ratios of 423.6 and 138.2 can react as support), from where a temporary three-wave pullback may follow. A sharp rally from the lows would be an indication … Continued

Intermediate

GBPUSD – Pound signals a more bearish tone

Partially a reflection of US Dollar strength, but GBPUSD has broken below a key level at 1.2947, sending a negative, intermediate-term signal from a technical analysis perspective (see below for details). Furthermore, this has occurred as the UK Parliament resumes after an Easter recess, with pressures continuing to mount on Prime Minister Theresa May. Potential … Continued

Intermediate

European equity markets stay strong

The major European equity markets went into the Easter holiday season positing new cycle and 2019 highs. This price action reinforces both short- and intermediate-term bull trends, as markets enter a very busy week for earning reports. With the second quarter earnings season thus far proving broadly positive for global companies and therefore the wider … Continued

Intermediate

EURUSD – Euro positive short-term

The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here). The EUR USD currency pair recovery through resistance levels has partly reflected a renewal … Continued

Intermediate

European equity markets head North

A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season. Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 … Continued

Intermediate

Pound paralysed post-Brexit extension

The UK government and EU agreed a flexible extension (flextension) to the Brexit negotiation process last week, which avoided a “no deal” Brexit, which would normally be expected to be positive for the Pound. However, Sterling has been paralysed with muted directional progress versus the UD Dollar or Euro since the extension was agreed. This … Continued

Intermediate

FX markets await next trends

EURCAD still building on prior buy signal off of support US Dollar Index sets  back from key resistance USDJPY tracks equities back higher GBPUSD paralysed, post Brexit extension

Intermediate

USDJPY Breaking To Higher Ground

Dollar bulls are in full cry, there are positive background noises The strength of the Dollar will continue, even if the Fed are on hold There is no economic outperformance from Japan Target USDJPY rising to 114.55 USDJPY broke above the 112 level this past Friday and in so doing printed a month high at … Continued

Intermediate

Equities march higher into earning season

Continuing positive US economic data into April, was assisted on Friday as the US earnings season kicked off in earnest, with the financial sector starting off with strong Q1 reports from J P Morgan and Wells Fargo. This has reinforced an already “risk on” environment and encouraged the major US equity averages to the upside, … Continued

Intermediate

USDJPY bull threat to key 112.14 resistance

Last Friday (5th April) ahead of the US Employment report, we highlighted an upside risk for the USDJPY currency pair above a key level at 112.14 in our report. The subsequent setback avoided a more bullish shift, but recovery activity for the USDJPY Forex rate over the past 24 hours has highlighted this bull threat … Continued

Intermediate

Equity averages rebound, aiming higher again

Setbacks early this week for the major, global equity indices have reflected both bullish fatigue heading into earnings season, alongside concerns regarding trade tensions between the US and Europe (despite the positive soundings from US-Sino trade talks). Wednesday brought a slew of economic events, including UK GDP, US CPI, the ECB decision and FOMC Meeting … Continued

Intermediate

EURUSD remains vulnerable into ECB meeting and Fed Minutes

The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound. This has primary reflected a still very dovish European Central Bank (ECB), and a deterioration in European economic data, mostly in Germany in … Continued

Intermediate

Global equity indices firm, but cautious

The major global equity averages have taken a breath to start this week, after an extremely strong first quarter of gains and a firm start to April last week. European and UK equity indices have seen slight dips lower since last Friday, partially due to rebounds in the Euro and Pound, which have weighed on … Continued

Intermediate

Elliott wave Analysis: CADJPY and EURUSD Intra-day Movement

Hi traders, CADJPY can be unfolding five waves up, but we still see an unfinished, big five-wave rally, so seems like pair just slowed down into wave 4, where ideal support would be here around 38,2% Fibo. retracement and 83.15 level. If it continues higher back above 83.65 region, then price can go towards 84.50 … Continued

Intermediate

EUR/USD – Speculators Increasingly Dollar Bullish

Dollar bulls are in full cry The strength of the Dollar will continue, even after mixed jobs data There was no Euro gain on Friday afternoon A Euro bounce on Monday should be sold, targeting 1.1184 On Friday, April 5th, 2019 U.S. job growth returned to trend last month as several variables that had dampened … Continued