Tag - forex trading

What To Trade In March
What To Trade In March

The month of February saw markets make several instinctive moves as well as create opportunities for proper leveraging of fundamental releases. Despite being a leap-year, there wasn’t any real impact on price delivery in the course of the month. As we await the opportunities that lie ahead in the month of March, here are a few thoughts to consider.

What To Trade In February
What To Trade In February

Major currency pairs like USD/JPY and USD/CHF face potential shifts in trends as central banks reevaluate interest rates. The Euro and British Pound are poised for nuanced movements based on economic conditions and rate decisions. Meanwhile, the Australian and New Zealand Dollars grapple with changing interest rate...

EUR Weakness May Endure In February
EUR Weakness May Endure In February

EUR/USD, a major indicator of Euro’s strength, finds itself in a state of indecision, with sideways movement near 1.0850 following two consecutive weeks in negative territory. The absence of clear recovery signals in the near-term technical outlook reflects the cautious stance of market participants. As the pair navigates this period of uncertainty, all...

GBP Reacts to Gov. Bailey’s Address 
GBP Reacts to Gov. Bailey’s Address 

Just a few hours ago, Andrew Bailey, the governor of the BoE gave a speech regarding his testimony, along with Deputy Governor Sarah Breeden, on the Financial Stability Report before the Treasury Select Committee, in London. The speech reflects the commitment of the BoE to continue its projection towards the target inflation rate. Although the speech didn’t yield much market volatility at the time of writing, here are my trade ideas based on the price data.

GBP: Retail Sales Likely to Calm GBP
GBP: Retail Sales Likely to Calm GBP

The Bank of England (BoE) is facing criticism for being slow to respond to the marked decline in UK price growth. The latest official data revealed a significant drop in consumer price growth to 3.9% in November, down from 6.7% in September. This unexpected decrease has prompted market reactions, with...

USD: Initial Claims Data Incoming
USD: Initial Claims Data Incoming

The COVID-19 pandemic led to a substantial labor force transformation in the U.S., marked by 'The Great Reshuffle.' Over 50 million workers resigned in 2022, continuing the trend from 2021, but by August 2023, resignations tapered to 30.5 million. This reshuffling trend indicates a quest for better work-life balance, higher compensation, and a robust company culture.

USD: FOMC and PPI impact on the Market
USD: FOMC and PPI impact on the Market

The U.S. dollar, as gauged by the DXY index, experienced a significant drop of nearly 0.9% yesterday. This decline was driven by a substantial fall in U.S. Treasury rates following the Federal Reserve's unexpected dovish guidance. The Fed's departure from the...

Can USD Recover?
Can USD Recover?

The EUR/USD pair is making gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde's somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically New Home Sales for October, came in below expectations but didn't significantly impact the pair. Lagarde, President of the...

Central Banks Pause Rates. Markets Await NFP
Central Banks Pause Rates. Markets Await NFP

The Federal Reserve decided unanimously to maintain interest rates at 5.25-5.50%, a highly anticipated move that retains significant implications for monetary policy's future course. Despite this decision, the FOMC refrained from definitively ruling out potential future rate hikes, leaving room for policy adjustments.

How Did EUR React to the ECB Meeting? 
How Did EUR React to the ECB Meeting? 

The European Central Bank (ECB) has raised interest rates by 25 basis points, marking its tenth consecutive rate hike since July 2022 and bringing the total increase to 450 basis points. The ECB is primarily concerned about high inflation levels, both current and projected, with concerns extending into the future.

What To Trade In August?
What To Trade In August?

As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.

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