GBPNZD Potential Pullback: Analyzing the Market Movement
Good morning Traders! GBPNZD The market is in an uptrend on the Weekly and the Monthly timeframes, and it is currently still overextended. The Daily chart is showing that the market has found Support at around the level of 2.04 round number, and so far is making Lower Highs and somewhat Equal Lows. I am […]
How Major Currencies Impact Your Investment Portfolio
As savvy investors will tell you, incorporating major currencies into your investment portfolio is more than a smart move; it’s a guard against inflation and economic uncertainties. The usual suspects include: Why are they so crucial, you ask? Well, they offer an attractive option for investors looking to hold the reins on their investments. They […]
The FED and the FANG
Good morning Traders! The fast pace cycle of interest rates hikes by the FED, has seen strong selloff in big tech over the past year. Today’s market expectations, is for FED to hike the interest rate by another 0.25%. FANG Index The FANG index has been in a downtrend on the Weekly chat over the […]
The Fallout From SVB And The US Dollar
Good morning Traders! Wow, what a couple of days can do! On Friday Silicon Valley Bank went into receivership, and by Monday, we already got news that the unsecured deposits are going to also be guaranteed, and that is about 92%(!) of SVB’s deposits.And as many have feared, the failure didn’t stop there, another bank, […]
Great Books Make Great Traders!
Welcome Traders! Improving our skills is a requirement, just like the markets, traders cannot afford to stop moving. It does get tricky when there is so much content out there, and not all of it is worth assimilating. Besides, we don’t have unlimited time either. I thought I’d compile a few books for you to […]
Are buyers returning to USDSGD
Good morning Traders! One of the strongest currencies against the US dollar in the last couple of month was the Singaporean dollar. USDSGD After four months of steady selling pressure, the strong support level of around the round number of 1.30 was in sight. The buyers have come back to defend this level, and in […]
Navigating the Waves of Global Finance
Welcome to FXGlobe.com’s Weekly Market Overview This week in the financial markets was a roller coaster of events, affecting currencies, commodities, and indices worldwide. Let’s dive into the key happenings and their implications for traders. Key Economic Events Earlier This Week: Looking Ahead: Market Analysis In the Charts: Bitcoin is trying to build up to […]
September Holidays 2023: Insights for Traders
Dear Client,Please be informed,That due to the upcoming Holidays on September 2023,Trading hours will be adjusted as follows: Instrument Name 04th of September 07th September 29th of September 18-19th September Monday Thursday Friday Monday / Tuesday US Indices Spots Early Close 20:00 Normal Hours Normal Hours Normal Hours US Shares Closed Normal Hours Normal Hours […]
GBPUSD Market: Analyzing the Four Weeks High
Good morning, Traders! GBPUSD Yesterday GBPUSD broke its resistance level at around 1.2550 to trade and close at a four-week high. As the move started from low, the market is currently overextended, and I am looking for a potential pullback before a continuation of this bullish momentum. The area that I am eyeing is the […]
USDJPY Pullback: Analyzing the Market Movement
Good morning Traders and Happy NFP day! USDJPY After breaking the strong resistance level at around the 138 level, the market continued higher to print a Daily and a Weekly swing Higher Highs. With the market being very overextended from it’s Moving Averages, a pullback was on the cards. Drawing the Fibonacci retracement of the […]