Recent Posts

March 25th 2020: DXY off Worst Levels; Forms Daily Hammer Candlestick Pattern
- March 25, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) In the early stages of March, price manoeuvred EUR/USD into demand-turned supply at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, the unit has since reversed gains and burrowed into demand at 1.0488/1.0912. Sustained downside may eventually
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Global Fundamental Analysis 25/03/2020
- March 24, 2020
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
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March 24th 2020: Greenback Stable South of 103.00 as Fed’s Bazooka Shrugged Off
- March 24, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) In the early stages of March, price manoeuvred the pair into demand-turned supply at 1.1857/1.1352. Leaving long-term trendline resistance (1.6038) unopposed, the unit has since reversed gains and burrowed into demand at 1.0488/1.0912. Sustained downside this
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Global Fundamental Analysis 24/03/2020
- March 23, 2020
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
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Global Fundamental Analysis 23/03/2020
- March 22, 2020
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
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Black and White Technical Report: The Week Beginning 23/03/2020
- March 22, 2020
XJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
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[VIDEO] Currency Point: COVID-19 panic throws normal FX theory out the window
- March 22, 2020
ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
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Weekly Technical Market Insight: 23rd – 27th March 2020
- March 22, 2020
US Dollar Index (DXY) The US dollar index, measures the value of the greenback against a basket of six major world currencies, experienced rampant demand over the past week, adding 3.3%, a week after the V-shaped recovery from levels not seen since September 2018. The buck’s credentials as a universal currency appear intact. Regardless of whether US
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Global Fundamental Analysis 20/03/2020
- March 20, 2020
OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 3 points.
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March 20th 2020: Dollar Index Continues to Flex its Financial Muscle; Eyes 103.00 Handle
- March 20, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. In
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FP Markets – COVID-19 Update: Business as Usual & Managing Market Risk
- March 19, 2020
The global pandemic caused by the Coronavirus (COVID-19) is having a huge impact on the global financial markets. Despite the uncertainty and high levels of volatility we would like to reassure you that FP Markets is well prepared for the scenarios arising from this situation:
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March 19th 2020: Rampant Demand for USD Weighs on Counterparts
- March 19, 2020
EUR/USD: Monthly timeframe: (Technical change on this timeframe is often limited though serves as guidance to potential longer-term moves) The month of February witnessed EUR/USD revisit the upper limit of demand at 1.0488/1.0912 – a noteworthy area given the momentum derived from its base – and pencil in an appealing (bullish) hammer candlestick pattern. In
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