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Market jumps on the back of weak USD and better then expected earnings

The US stock market saw one of its best days in months, as speculation swirled that the 'bottom' may be in. The indices gained their momentum from better-than-expected earnings and a weakening of the USD, with the USDX dropping to $106.58. With more earnings still to come better than expected results may see the S&P500 and markets break out of ...

July 20, 2022
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AUD/USD finds new buyers at the 0.70 price mark

As depicted in the AUD/USD hourly chart above, the pair has recently reached a monthly low of 0.69117 as it enters today’s European session. As it continues to decrease in value, it generates a sloping resistance line at 0.6970, this is the trendline from Friday’s prices. Although the trend might appear bearish at the moment, the MACD in...

June 14, 2022
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GBPAUD – Containing A Sudden AUD Price Surge

Markets Eager To Resume As the Easter holidays fade, we quickly saw a market resurgence of traders looking to resume normality. Perhaps one of the more stand-out movers during today's London session was none other than the Pound Aussie cross (GBPAUD). Following the Reserve Bank of Australia's announcement to hold interest rates at 0.1%, the recent...

April 7, 2021
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GBPCAD – G10’s Best Performing Currencies Lock Horns

GBPCAD – Hourly Individually, both the British Pound and the Canadian Dollar have surged in recent trading sessions, appearing relatively strong against their peers in the short-term. With the latest fundamental data suggesting both currencies have benefited from similar economic drivers, it could be tough to navigate a directional bias for GB...

February 11, 2021
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AUDNZD – Kiwi Returning To The Status Quo

AUDNZD – Daily Despite the Australian Dollar having a strong rally towards the end of last year, it appears the New Zealand Dollar is once again regaining the upper hand against its counterpart. New Zealand is ticking many of the economic boxes of late, and from a fundamental point of view, it's not hard to envisage a return of strength for th...

February 3, 2021
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EURGBP – Sterling Applying The Pressure

EURGBP – Hourly Since the 12th of January, we've seen much choppy price action in the EURGBP cross, with Pound Sterling applying the more significant selling pressure. This shorter-term bearish bias is what we'll be looking at in today's Chart of The Day using the hourly time frame. Firstly, we can see the initial DiNapoli target of 0.8854 ...

January 26, 2021
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NZDJPY – Kiwi Gathers Momentum Eyeing 77.88

NZDJPY- Daily NZDJPY- The Japanese Yen finally regained some ground against the US Dollar during this afternoon's London session but continues to display weakness against many of its counterparts. In particular, the NZDJPY and AUDJPY crosses remain technically bullish in the short-term. Looking at the NZDJPY daily trend, we see a validated bull...

January 14, 2021
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COTD: GBPAUD – Pound Finding Bearish Territory

GBPAUD - Hourly GBPAUD -   We saw GBPAUD attempt a stronger recovery last month, but it appears the Pound may not have the resolve to push higher as we enter into October. In today's Chart of The Day, we examine the hourly chart using the Ichimoku method. In the shorter-term, it appears the latest weekly pivot points of 1.80 and 1.77 play...

October 1, 2020
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Forex This Week: What to Expect

In the month of May, major currencies were stronger against the US dollar as risk sentiment improved and haven currencies like the US dollar, the Yen and Swiss franc have lost momentum. Commodity-linked currencies were among the best performers against the US dollar; lifted by higher commodity prices. Source: Bloomberg   The US Dolla...

June 1, 2020
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EURUSD: EU Recovery Plan and EU’s Frugal Four

EU Recovery Fund After a standoff between the EU and Germany, following a critical ruling on ECB’s quantitative easing program by Germany’s constitutional court, the gradual reopening of economies of member states within the Eurozone has brought some optimism. The downside risks for the Eurozone and its shared currency have somewhat eased ...

May 26, 2020
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The Loonie – Best Performing G10 Currencies

The Loonie Best Performing G10 Currencies After a tight campaign marred by scandals, Justin Trudeau secured another term as Prime Minister. Unlike a clear win in 2015, the Prime Minister did not pass the threshold of 170 seats and will lead a minority government. The governing party will be forced to depend on other parties to pass legislation....

October 24, 2019
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Why THIS US earnings season may be of interest to Forex traders

  The traditional relationship between equity markets and forex is complex and often not particularly well correlated. As a result company earnings are often of little interest to Forex traders. However, this earnings season may be different. Theoretically, if a country’s equity markets perform well, as the US market has done year to d...

July 23, 2019
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Option traders – Time to Hedge your Currency Risk?

Many traders utilise options amongst their investment strategies either for income or capital growth. As with Forex and CFD trading, options offer an opportunity to get into a leveraged position giving exposure to the movement of an underlying instrument. One of the key factors that options traders may consider in their choice of specific mar...

May 17, 2019
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GO Markets’ Giant Leap into MENA; Granted DMCC and DGCX Membership

MELBOURNE, AUSTRALIA – 18 April 2019. GO Markets is pleased to announce its expansion into the Middle East and Northern Africa (MENA) region, operating as GO Markets MENA DMCC in Dubai, UAE. Located within the economic ‘free zone’ of the Dubai Multi Commodities Centre (DMCC), GO Markets MENA DMCC has obtained its membership with the Dubai G...

April 17, 2019
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Know the Score: Holding Costs of Daily Fx Positions

Many traders consider trading daily timeframes but when used to trading the shorter timeframes, overnight holding costs of positions may not be something they have come across previously. This brief article has the aim of understanding why these trading costs exist and how they are calculated. But First…An important message about holding costs�...

March 5, 2019
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