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Live analysis | March 24

Wed, 24 Mar 2021

Fed Chair Powell remains sanguine that inflationary pressures, should they arise, can be contained. The USD has been generally firmer through the session with a slight uptick in Treasury yields... Read more

Market Update – March 24 – Better PMI data for UK & Eurozone

Wed, 24 Mar 2021

EURGBP, H1 Preliminary March UK PMI survey data came in much stronger than expected, with the headline composite reading rising to a seven-month high of 56.6, up from 49.6 in... Read more

Lockdown Steps in Several European Regions Bring New Concerns

Wed, 24 Mar 2021

The Pound is under pressure against the US Dollar and Euro after the release of economic data yesterday, and investors seem to be ignoring the unemployment figures. GBPUSD broke below... Read more

USDCAD is about to test long-term trend line resistance.

Wed, 24 Mar 2021

The recent fundamental news is not beneficial for the oil market, and may also have an impact on the Canadian economy, which is one of the major crude oil exporters... Read more

Simple ATZ Momentum Forex Trading Strategy

Wed, 24 Mar 2021

Many traders believe that in order to be profitable, traders should be running complex strategies that have so many different parameters, indicators and rules. This could be true to some,... Read more

US Update – March 23 – New Homes, Richmond Fed, Powell & Yellen Testify

Tue, 23 Mar 2021

EURUSD, H1 US new home sales plunged -18.2% in February to 775,000, weaker than expected. Sales were up 3.2% to 948,000 in January and 7.2% to 919,000 (was 885,000) in... Read more

Aggressive Selling of NZDJPY

Tue, 23 Mar 2021

US, EU, UK, and Canada sanction various Chinese officials on alleged human rights abuses in Xinjiang, with China responding with punitive measures against European officials. Meanwhile, Beijing issued some tit-for-tat... Read more

Linear Regression Channel Indicator for MT4

Tue, 23 Mar 2021

Introduction to the Linear Regression Channel Indicator Trading profitably is usually a result of having a positive trading probability. So, it would be great if traders would incorporate probabilities and... Read more

The technical picture of USDJPY

Mon, 22 Mar 2021

The Tokyo Stock Price Index, more commonly known as the Topix, together with the JPN225, is an important stock market index for the Tokyo Stock Exchange in Japan, which contains... Read more

Market Update – March 22 – Risk Off Jolt from Ankara

Mon, 22 Mar 2021

USDTRY, Daily A plunge in the Turkish lira jolted global markets, following the sacking of the nation’s central bank governor, and with the credibility of the new governor in question.... Read more