Last week began with a display of strong conviction from buyers, propelling price upwards towards the previous high (516.5). They managed to surpass it by a small margin, establishing a new historical high at 517.1. Unfortunately, bulls were unable to sustain momentum and build a new value zone, allowing bears to regain control and push price back towards the...
Hi Traders! Forex Weekly Recap for 18–22 September, 2023: Fundamentals The Reserve Bank of Australia (RBA) released the Meeting Minutes of its September meeting. Key notes were: They considered raising rates by 25 basis points or holding rates at the September meeting. The economy still appears to be on a narrow path by which inflation returns to target and...
Hi Traders! Forex Weekly Recap for 11–15 September, 2023: Fundamentals Bank of Japan's (BoJ) Governor Ueda stated that his focus is on a "quiet exit" to avoid significant impacts on the market. Other key mentions from him were: They could have enough data by year's end to determine whether they can end negative rates. The BOJ will patiently maintain an...
Hi Traders! Forex Weekly Recap for 07–11 August, 2023: Fundamentals The Bank of Japan (BoJ) released its latest Summary of Opinions from their last monetary policy meeting on July 27th and 28th. The key notes were: One member said there is still a significantly long way to go before revising the negative interest rate policy, and the framework of yield curve...
Identified an opportunity during London Session. Price was looking to take out an old high Identified the legs of an ABC structure As it did we looked for a creation of structure before the liquidity grab Moved to 15 Min After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH Moved to 5 Min...
Morning Jumpstart Macro View and US market recap 1-02-22 The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher. For a deeper...
Morning Jumpstart Macro View and US market recap 1-02-22 The US ended the session well into the green again as end of month window dressing triggers another buying frenzy into tech. Prices on the Nasdaq, SP500 and DOW are all at key levels that could see another selloff in coming sessions. For a deeper look at the price action, key levels and what I see playing...
Morning Jumpstart Macro View and US market recap 28-01-22 Europe moved up dragging the ASX, Hang Seng and Nikkei with it although the bullish sentiment was capped as the US continued to be sold lower with Tech (Nasdaq) leading the way. US markets are at key areas where buyers will need to make a stand!! For a deeper look at the price action, key levels and what...
Some important macro events that went on for the week with a weekly performance report for the 4 major indices on the US stock market. If you would like anything else added to the chart comment below.