Risk-off sentiment dominated flow last week following US President Donald Trump’s reciprocal tariff announcement, an event he described as ‘Liberation Day’. However, while I cannot speak for everyone, many are not feeling so liberated, with forecasts for growth and inflation upended, as well as economists forecasting a possible global recession. The tariff announcement on 2
READ MOREXJO WEEKLY Price structure: Primary down trend. The potential a,b,c pattern highlighted in the past 2 weeks, is now confirmed with the Index closing below the “a” point low, the “c” wave is now underway. The Index has moved lower through the key 7910 level to target the 7632 support level. The potential for a
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: AUD/NZD Testing Area of Confluence; Further Selling? Daily Timeframe: Following the pullback from lows of N$1.0903 on 20 March in the AUD/NZD cross (Australian dollar versus the New Zealand dollar) – a move that also completed a
READ MOREAnother month has nearly passed, and just like that, we find ourselves in Q2 25. The week ahead promises to be eventful, with the majority of focus on US President Donald Trump’s so-called ‘Liberation Day’ on 2 April. Last week, moderate downside was observed in US Treasury yields and the US dollar (USD), and US
READ MOREXJO WEEKLY Price structure: Potential a,b,c pattern. The significant move from point 5 to point A with the current shallow rally will be monitored for a further decline to set a new C wave decline. With the Index closing over the key 7910 level an immediate follow through higher to cross the 8083 level is
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Eyeing US$1.07 Monthly, Daily, H1 Timeframes: With price action on the monthly timeframe rejecting the underside of the 50-month simple moving average (SMA) at US$1.0927 and daily price recently completing a double-top pattern from the lower
READ MORETomorrow welcomes the UK February CPI inflation print (Consumer Price Index) at 7:00 am GMT, followed by UK Chancellor Rachel Reeves claiming the spotlight with her Spring Statement. The Statement is expected to be announced around 12:30 pm GMT, following Prime Minister’s Questions. Inflation Expected to Cool Price pressures are still too high despite year-on-year
READ MOREAnother week has come and gone. The US Federal Reserve (Fed), the Bank of England (BoE), and the Bank of Japan (BoJ) all left their respective policy rates unchanged. The Fed underlined increased economic uncertainty (most central banks emphasised similar concerns), with growth (inflation) forecasts revised lower (higher). The BoE’s meeting was a bit of
READ MOREXJO WEEKLY Price structure: Balance. Last week the index set an inside range IPu, this can indicate a period of market consolidation, often suggesting indecision among traders. With a lower high and a higher low compared to the previous week, it shows that the market is waiting for a catalyst to break out in either
READ MOREThe FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: Further Underperformance for the US Dollar Index? Monthly and Daily Timeframes: Down nearly 4.0% this month, the US Dollar Index demonstrates scope to navigate deeper waters on the monthly chart towards the 50-month simple moving average (SMA)
READ MOREAs anticipated by economists and investors, the US Federal Reserve (Fed) kept the federal funds target rate at 4.25% – 4.50%. Overall, the rate statement and the Summary of Economic Projections (SEP) aligned with expectations. Rate Statement For ease of reference, I have highlighted new additions to the statement in green and indicated sentence removals
READ MOREXJO WEEKLY Price structure: 5 Wave pattern. The 5 wave pattern discussed last week has played out below the 7910 level. The current price move is considered CORRECTIVE and not a trend change. The current move has closed in the congestion range above 7632 and now 7910 as resistance. With the Index now close to
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