Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
In intraday trading today AUD/USD has turned lower after failing to decisively breach above the 0.7760 level shown on the chart below for the spot pair. The currency pair appears headed back toward a measurable SMA [50-period], which could offer support as it has since early April. Bearish momentum appears to be grabbing hold as … Continue reading “AUD/USD and 6A [AUD] analysis”
Read MoreThis edition for trading week ending Friday May 28, 2021. A. Summarization of this past week’s market and forward looking thoughts We started the week with the S&P less than 2% from the all-time high [4238.04] while the NASDAQ entered trading on Monday on what was the largest four-week losing streak. Many analysts including me, … Continue reading “TGSwings weekly swing trade newsletter”
Read MoreAustralia’s key commodity exports. Iron ore, thermal coal and oil prices have all increased further since the previous Statement, while a number of other commodity prices are also higher. The benchmark iron ore price has increased by 16 per cent since the previous Statement to beat its highest level in a decade. Demand for iron … Continue reading “Active forex trades for the overnight session on May 20, 2021”
Read MoreAussie Dollar: The strong recovery in the Australian economy and the labor market has continued. Low infection rates, substantial fiscal and monetary policy support and a lift in confidence have boosted the recovery. Household spending, dwelling investment and exports have all contributed to the snap back in activity. Employment has also bounced back, to be … Continue reading “Trading the forex pair AUD/USD”
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