• Ichimoku Watch: Walmart Looking at All-Time Highs!

    Ichimoku Watch: Walmart Looking at All-Time Highs!

    • May 9, 2024

    Upcoming Earnings Release: Walmart Inc. (ticker: WMT) is scheduled to report earnings before the market opens on 16 May. The consensus EPS estimate for the fiscal quarter ending April 2024 is $0.52, while the reported EPS for the same quarter a year prior was $0.49. Strong Technical Evidence Supporting Buyers Ahead of next week’s earnings,

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  • The Pattern Pulse – 9 May 2024

    The Pattern Pulse – 9 May 2024

    • May 9, 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: NZD/USD Responding from AB=CD Resistance Daily Timeframe – Since the beginning of the year, the New Zealand dollar (NZD) has been on the ropes against the US dollar (USD),

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  • FOMC in the Rear-View Mirror; NFP Eyed

    FOMC in the Rear-View Mirror; NFP Eyed

    • May 2, 2024

    The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices. The FOMC left the Fed funds target rate unchanged for a sixth consecutive session at

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  • The Pattern Pulse – 2 May 2024

    The Pattern Pulse – 2 May 2024

    • May 2, 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: Long-Term Bullish Flag on USD/SEK Monthly Timeframe – Since late 2022, against the Swedish krone (kr), the US dollar (USD) has been busy chalking up a potential bullish flag

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  • US GDP Data Delivers Mixed Vibe: Growth Slows While Inflation Accelerates

    US GDP Data Delivers Mixed Vibe: Growth Slows While Inflation Accelerates

    • April 25, 2024

    US GDP, according to the first estimate (or ‘advance estimate’) for real GDP growth, revealed a HUGE miss and stresses a cooling economy. According to the Commerce Department, US economic activity slowed significantly in Q1 of 2024, increasing at an annualised rate of 1.6%. This fell considerably short of economists’ estimates of 2.5% (the estimate

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  • The Pattern Pulse – 25 April 2024

    The Pattern Pulse – 25 April 2024

    • April 25, 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: GBP/USD Recoils from Noted Support, Targetting Resistance Daily Timeframe – The British pound versus the US dollar (GBP/USD) recently rebounded from a highlighted area of support at $1.2339ish (made

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  • Dollar Index In View Ahead of Data

    Dollar Index In View Ahead of Data

    • April 20, 2024

    Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical

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  • The Pattern Pulse – 18 April 2024

    The Pattern Pulse – 18 April 2024

    • April 18, 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: USD/JPY Eyeing 1990 Highs Monthly Timeframe – The USD/JPY currency pair recently refreshed multi-decade highs of ¥154.79, a move probing offers at channel resistance, taken from the high of

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  • The Pattern Pulse—11 April 2024

    The Pattern Pulse—11 April 2024

    • April 11, 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: EUR/USD Tentatively Tests Support Ahead of ECB Meeting Daily Timeframe – Following hotter-than-expected US CPI inflation numbers pulling the EUR/USD southbound yesterday, the currency pair is now testing the

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  • The Pattern Pulse—4 April 2024

    The Pattern Pulse—4 April 2024

    • April 4, 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 Testing Support Daily Timeframe – Following Fed Chair Powell’s comments yesterday, in which he emphasised a wait-and-see vibe, the US Dollar Index pulled lower from resistance at

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  • BoE Holds the Line; Vote Split Change Triggers Dovish Reaction

    BoE Holds the Line; Vote Split Change Triggers Dovish Reaction

    • March 21, 2024

    8-1 Vote in Favour of Bank Rate Hold Following the Fed holding its Fed funds target rate at 5.25%-5.50%, and the Swiss National Bank (SNB) surprising markets this morning and cutting its overnight Policy Rate by 25bps, the Bank of England (BoE) followed the Fed and left the Bank Rate on hold at 5.25% (a

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  • The Pattern Pulse—21 March 2024

    The Pattern Pulse—21 March 2024

    • March 21, 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 Targeting Support Daily Timeframe – Following yesterday’s FOMC event—rates were left unchanged at 5.25%-5.50%, and the Fed’s dot plot showed officials still project three rate cuts this

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