Analysis of Forex Trading, Financial Markets, and Economic Policies
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It has been a while since my last post, but I’m back in full force for now. I’ve been on StockTwits 24/7 and not writing any posts . My goal is to bring more of the graphs I’ve been posting on StockTwitsFX to the blog and expand my technical and fundamental analysis here. I’ll still [...]
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Drawing via The Reformed Broker The U.S. dollar index has formed a bullish flag formation on the daily chart (see the image below). It also seems like the U.S. dollar index is kissing the 200 daily simple moving average goodbye for now. U.S. economic data is bidding the dollar higher as the dollar carry trade [...]
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The US Dollar index has reached multi-month highs. It is now hovering around the December 22nd peak after the December rally. This is a key technical point as the index approaches the 200 daily moving average. The 78.80-79.30 zone is likely filled with both large amounts of stop-loss orders and sell orders (from those believing [...]
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The last two weeks has been about looking forward to one data point: U.S. Non-Farm payrolls. From 24/7 CNBC to major financial newspapers and the financial blogosphere, everyone has only been talking about the jobs data. And if they are not talking about it directly, they’ll finish their statement with something along the lines of: [...]
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Our first tracked trade finished in the red. The USD/CAD was trading in a tight range and then broke downward today on the back of an oil rally and overall dollar weakness. Unexpected cold weather in the U.S. and Europe is sending oil to multi-month highs. The 1-unit long USD/CAD trade opened on Tuesday (January [...]
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