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Latest Forex News

    Relief pumps still in play for XAU/USD
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    Mark O'Donnellon 11/08/2022

    On the weekly chart, we can see that Gold has made a four-week push from lows of $1,680/oz  to its current trading price close to $1,790/oz.  However, sentiment may be slightly bearish for Gold at the moment with many indicators  pointing to the price falling.   For one, there is a bearish indicator on the monthly […]

    BlackRock’s crypto deal helps COIN shares ahead of Q2 results
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    Mark O'Donnellon 10/08/2022

    Coinbase’s shares breached a nine-week high and peaked at $101.18 in the first week of  August following the announcement of its partnership with the world’s largest asset manager,  BlackRock.  Shares of the cryptocurrency exchange platform operator had been on the rise and reached the  nine-week high of $80.81 when the market closed Aug. 3. The […]

    How did the market react after July’s Non-Farm Payrolls?
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    Mark O'Donnellon 09/08/2022

    The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added  528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the  pre-pandemic level, when 20 million jobs were lost.  At the same time, the US Unemployment Rate decreased to 3.5%, the lowest rate […]

    Is the EUR/CHF overbought or oversold?
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    Mark O'Donnellon 04/08/2022

    The EUR/CHF pair is currently in between the key levels around 0.97000–0.97900. We might see a  bounce from here up to the next resistance of 0.99500 and even up to the 1.00500 level, in confluence  with the 50 MA.   However, the overall trend for the EUR/CHF is seemingly bearish, and we could potentially see a […]

    Why isn’t the US officially in a recession?
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    Mark O'Donnellon 03/08/2022

    The US has technically entered a recession in the second quarter 2022 as the economy  contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the  official body that is tasked to make a call on whether the economy is in a recession has yet to  declare that the US is […]

    Does the pullback in the USDJPY have legs?
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    Mark O'Donnellon 01/08/2022
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    The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the  USDJPY has seen one of the most interesting pullbacks. After peaking on July 14, the USDJPY has fallen  more than 4% from a peak just below 139.500.  The 2-week weakening streak may continue as the sentiment from […]

    Natural Gas from 3 technical perspectives
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    Mark O'Donnellon 29/07/2022

    The current overall trend for Natural Gas is bearish, as seen from the monthly chart. The commodity has  possibly just completed the 5th wave of the Elliot Impulse Wave, this means that the next movement is  possibly a correction. There is also a divergence as seen in the price action and the RSI Indicator which  […]

    Volatile opportunities in the DXY this week
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    Mark O'Donnellon 27/07/2022

    Poorer-than-expected business activity surveys are weighing on the market outlook for the US, and with it,  the USD has stalled its climb against its major trading partners.  Fears about growing prices and the possibility of recession caused the dollar index to lose ground last week.  On its way down, the DXY danced on the 106.50 […]

    Moving Average and Fibonacci exposing key levels in the USDCHF
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    Mark O'Donnellon 22/07/2022
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    The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair.   It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break  these levels. The double top rejection resulted in the USDCHF pushing back down and bouncing off  0.94907. This price level […]

    Why did Pinterest’s shares surge 16% last Friday?
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    Mark O'Donnellon 20/07/2022

    Activist investor group Elliott Investment Management has reportedly taken a ~9% stake  in Pinterest to become the group’s largest shareholder  Elliott Investment Management could push Pinterest to boost its ad revenue in global  markets  Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange  after the Wall Street Journal reported after […]

    Will the GBP be the next to hit parity with the USD?
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    Mark O'Donnellon 19/07/2022
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    • Traders are watching for the pound to follow the euro parity with the USD • The Supertrend Indicator is suggesting that the GBP has the impetus to continue its downward  trend After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the  British […]

    Finding the silver lining in JPMorgan’s Q2 earnings report
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    Mark O'Donnellon 15/07/2022

    Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank’s second-quarter earnings fell  as a result of adding $428 million in bad loan reserves.   With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet  regulatory capital requirements.  According to a statement from JPMorgan, the reserve rise was primarily to blame […]

    Why might the GBPUSD breakout lower to 1.1650?
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    Mark O'Donnellon 14/07/2022
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    Technical analysis, and in particular the Range identifier Indicator, suggests a possible continuation to  the downside is on the cards for GBPUSD.  The Range Identifier is a technical tool that highlights price ranges of an asset. Technical analysts will  commonly use this indicator to determine price breakouts. Similar to the Darvas Box indicator, the  Range […]

    Energy and oil companies rally on London stock exchange
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    Mark O'Donnellon 12/07/2022

    So far in 2022, energy companies have exhibited some of the best performances among  London-listed stocks.  Energy companies dominated both the FTSE 100 and 350 indices as of July 11, with stocks  such as Drax Group (LON: DRX), Centrica (LON: CNA) and Harbour Energy (LON: HBR)  logging growth of at least 3.50% in recent trading. […]

    What does the DeMarker suggest for the Thai Baht?
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    Mark O'Donnellon 12/07/2022

    The US dollar/ Thai baht (USDTHB) has been rallying to the bullish side. Hawkish Fed policy has remained  the key source of dollar strength, but one may still wonder if the trend will continue for the USDBHT or if  it is already oversold and is bound for correction.  A unique indicator used to identify if […]

    Will the USDMXN run counter to general dollar strength?
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    Mark O'Donnellon 01/07/2022

    USDMXN made a rebound this week as the USD restarted its momentum to the upside.  The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he  reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well  positioned to absorb tighter credit conditions while […]

    Crude oil analysis points to bullish turnaround
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    Mark O'Donnellon 30/06/2022
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    Crude oil experienced a significant drop in price over the past two weeks. This week, however, it  appears the energy commodity is bouncing back to the bullish side.  The fall in the price of oil since May was triggered by the fear of a recession, in the US in particular, and numerous central banks’ moving […]

    Economic view of the Australian dollar
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    Mark O'Donnellon 28/06/2022

    As fears that a recession is just around the corner for the US, some economists are warning  that Australia could follow suit.  Some, however, remain bullish on the Australian economy due to high household savings,  strong commodity exports, accommodative government stimulus and a robust pipeline of  residential building constructions.  Emerging from pandemic-induced recession  The Australian […]

    Is the NZDUSD bearish or bullish?
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    Mark O'Donnellon 27/06/2022

    The Reserve Bank of New Zealand (RBNZ), showing concern about inflation, made another 50bsp hike during May taking its Official Cash Rate to 2.0%. The hawkish tone and actions of the RBNZ paired with  fears the US economy could tip into a recession by the end of the year have helped the NZD regain some  […]

    What it means for US stocks to be in a bear market
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    Mark O'Donnellon 22/06/2022
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    Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring  inflation, rising interest rates and worries about a looming recession in the world’s largest  economy.  A bear market occurs when a stock index like the S&P 500 falls by 20% over a sustained period  from a recent high. Conversely, […]

Article Archive

  • Relief pumps still in play for XAU/USD

  • BlackRock’s crypto deal helps COIN shares ahead of Q2 results

  • How did the market react after July’s Non-Farm Payrolls?

  • Is the EUR/CHF overbought or oversold?

  • Why isn’t the US officially in a recession?

  • Does the pullback in the USDJPY have legs?

  • Natural Gas from 3 technical perspectives

  • Volatile opportunities in the DXY this week

  • Moving Average and Fibonacci exposing key levels in the USDCHF

  • Why did Pinterest’s shares surge 16% last Friday?

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