Keeping in mind this is a busy economic data week. The Euro still looks positioned to keep the momentum of Germany's stimulus packages.
Federal Reserve Meeting: The U.S. Federal Reserve is expected to announce its interest rate. Investors will monitor the Fed's quarterly economic forecasts and Chair Jerome Powell's comments for clues about the path of monetary...
The GPBUSD are showing mixed signs across times frames 5min, 15m and 4H but suggests that bullish momentum will be short-lived as price approaches 1.2700.
UK economic data has not been the best this week, as car registration data continues to show weakness leading me to believe that consumers are hesitant for bigger purchases. In the bigger picture of things we...
US Inflation & Federal Reserve (Fed) Policy:
Market consensus anticipates higher month-over-month (M/M) inflation but lower year-over-year (Y/Y) inflation, suggesting that price pressures remain elevated in the short term but may stabilise over the medium term. Given these dynamics, the Fed is expected maintain a cautious stance—balancing inflation control with...
From a technical perspective, the EUR/USD pair shows mixed signals across different timeframes, creating an interesting setup for traders. On the 4-hour chart, the broader trend remains bearish, with clear break-of-structure (BOS) events marking lower lows, reinforcing downside momentum. However, the 15-minute chart shows a sign of recovery as the price forms...
A bearish medium-term structure yet showing the potential for a short-term reversal. Key levels at 1.0420–1.0450 (resistance) and 1.0300 (support) will determine the next leg of movement.
Bull Case (Reversal/Upward Scenario) - low probability
A break above the 1.0450 resistance zone would indicate bullish strength, potentially driven by USD weakness or...
Bullish Thesis
Key Drivers:
The EUR/USD remains in a long-term bearish trend in the 4-hour timeframe, characterised by lower highs and lower lows. However, recent price action shows signs of consolidation around a critical support zone near 1.0250–1.0280, presenting opportunities for both upward retracements and continued downward moves.
Indicators like the...
Besides surprising the market in early December with a larger-than-expected rate cut of 50bps, the Swiss National Bank (SNB) has a tough road to navigate.
The USD/CHF daily chart shows a bullish recovery, marked by higher highs and higher lows, signalling a shift from a bearish trend. Volatility remains moderate, with steady price movement and controlled...
Despite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum.
We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's...
