• Week Ahead: US CPI Inflation Takes Centre Stage

    Week Ahead: US CPI Inflation Takes Centre Stage

    • January 12, 2025

    2025 is well and truly underway. Welcome to the first ‘week ahead’ edition! The December 2024 US employment situation report crowned last week’s busy economic data slate. Non-farm payrolls surprised to the upside, with the economy adding 256,000 new jobs from November’s downwardly revised reading of 212,000. December’s print comfortably surpassed the market’s median expectation

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  • The Pattern Pulse – 9 January 2025

    The Pattern Pulse – 9 January 2025

    • January 9, 2025

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Testing Major Resistance Monthly Timeframe: According to the US Dollar Index, the US dollar (USD) has started 2025 reasonably strongly, up 0.6%. Following a rebound just north

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  • EUR/USD Probing Lower; Eyeing 2022 Levels!

    EUR/USD Probing Lower; Eyeing 2022 Levels!

    • January 8, 2025

    The EUR/USD currency pair (euro versus the US dollar) is on track to engulf early January (2025) lows from US$1.0224 and test levels not seen since 2022. Price has exhibited an unmistakable downtrend since September 2024, establishing a series of lower lows and lower highs. Interestingly, traders have noticeably shorted rallies and used the space

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  • DOG/USD Rebounds from Key Ichimoku Support; Are Traders Awaiting Confirmation?

    DOG/USD Rebounds from Key Ichimoku Support; Are Traders Awaiting Confirmation?

    • January 7, 2025

    Following an all-time high of US$0.4671 in early December 2024, Dogecoin (DOG) had printed a correction versus the US dollar (USD) and rebounded from the Ichimoku Cloud Support area. This support zone was formed following the Ichimoku’s Leading Span A (light green at US$0.3576) crossing above the Leading Span B (light orange at US$0.2965) in

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  • The Pattern Pulse – 19 December 2024

    The Pattern Pulse – 19 December 2024

    • December 19, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Dollar Index Refreshes Year-to-Date Peaks Monthly Timeframe: As expected, the US Federal Reserve (Fed) cut the funds rate by 25 basis points yesterday and echoed a strong hawkish bias

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  • AUD/JPY: Short-Term Upside

    AUD/JPY: Short-Term Upside

    • December 16, 2024

    The AUD/JPY (Australian dollar versus the Japanese yen) has begun exhibiting bullish intent since printing a bottom at ¥95.52 earlier this month. However, while defined higher highs and higher lows are visible, a pennant pattern is forming. This demonstrates that although price action is establishing higher highs, upside momentum is slowing and technically suggests that

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  • NZD/USD Bears Remain in Control

    NZD/USD Bears Remain in Control

    • December 13, 2024

    Since early October, sellers have largely taken control of the NZD/USD (New Zealand versus the US dollar) and sent price to lows not seen since late 2022, with limited pullbacks seen. Overall, the currency pair is down nearly 10% from October highs. Ichimoku Resistance Supporting Sell-On-Rally Setups What is technically important to recognise is that

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  • ECB Cuts Rates by 25 Basis Points and Opens the Door for Further Easing

    ECB Cuts Rates by 25 Basis Points and Opens the Door for Further Easing

    • December 12, 2024

    The European Central Bank (ECB) reduced the Deposit Facility Rate by 25 basis points (bps) to 3.0% today amid easing inflationary pressures and faltering growth. The rate cut also marks the central bank’s fourth rate reduction this year, with the interest rate at its lowest since early 2023. This also followed the Swiss National Bank

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  • The Pattern Pulse – 12 December 2024

    The Pattern Pulse – 12 December 2024

    • December 12, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Pennant Pattern Completion for the Dollar Index Daily Timeframe: Since October, the US Dollar Index has rallied nearly 6.0%, forming what many technical analysts will recognise as a Golden

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  • AUD/JPY Bears to Fade Upside Momentum?

    AUD/JPY Bears to Fade Upside Momentum?

    • December 9, 2024

    Price action on the daily timeframe of AUD/JPY (Australian dollar versus the Japanese yen) traded strongly to the downside in the final week of November. This followed a slow and gradual pullback since August. Closing in on Resistance Recent price movement has seen the Ichimoku’s Conversion Line (blue at ¥97.37) cross beneath the Base Line

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  • BTC/USD Breaches US$100k: Where Next?

    BTC/USD Breaches US$100k: Where Next?

    • December 5, 2024

    BTC/USD (Bitcoin versus the US dollar) has made north of US$100,000 following a brief consolidation just beneath the number in the shape of a pennant pattern. Year to date, the major Crypto pair has risen by nearly 150%. Following Donald Trump’s US election victory, BTC has strongly outperformed and, over the last 24 hours, received

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  • SOL/USD Working with Clear Pennant Pattern

    SOL/USD Working with Clear Pennant Pattern

    • December 4, 2024

    Following an all-time high of US263.72 in November (up 45%), SOL/USD (Solana versus the US dollar) price action on the daily timeframe is in the process of drawing up a pennant pattern between the record high and a low of US$220.78. Pennant Pattern and Ichimoku Support Combination What is interesting here is that the pennant

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