• Fed Day – Central Bank Maintains Target Rate at 4.25-4.50%

    Fed Day – Central Bank Maintains Target Rate at 4.25-4.50%

    • January 29, 2025

    The first meeting of the year observed the US Federal Reserve (Fed) put the brakes on policy for the first time since July 2024. In a unanimous vote, the central bank kept the target rate at 4.25-4.50%, which triggered a moderate bid in the US Dollar Index and US Treasury yields, with a dip witnessed

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  • Technical Take: USD Support in Play across Key Timeframes

    Technical Take: USD Support in Play across Key Timeframes

    • January 26, 2025

    According to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls

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  • The Pattern Pulse – 23 January 2025

    The Pattern Pulse – 23 January 2025

    • January 23, 2025

    Your weekly outlook of technical patterns. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Inverted Head and Shoulders Pattern on NZD/USD Daily Timeframe: Versus the US dollar (USD), the New Zealand dollar (NZD) has been on the ropes since October 2024, with rallies swiftly sold.

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  • 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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