Weekly Forex Market Update & Key Levels April 18th – 22nd

WEEKLY FOREX UPDATE

WTI – Oil Inventory hits FRESH RECORD HIGH. Analysts expected a drop in inventory, but instead supply jumped by more than six million barrels to 536.5 million barrels. When investors realize that all this talk about production cuts are not happening, look for oil prices to drop back into the $30s. EURUSD – Italy Creates…

Continue Reading →

Weekly Forex Market Update & Key Levels April 11th – 15th

WEEKLY FOREX UPDATE

EURUSD – The Latest Fed Meeting Indicate that no Rate Hike will happen in April. The sentiment wasn’t unanimous among other Fed officials, but the majority of members signaled reluctance to raise rates when there is much economic uncertainty in the markets. When the Fed discusses global risks, it’s not just about economic activity, but…

Continue Reading →

Weekly Forex Market Update & Key Levels April 4th – 8th

WEEKLY FOREX UPDATE

EURUSD – The Euro made a nice run up to the as anticipated 1.1480 level from last weeks market commentary. We could see some some strong selling pressures at these levels from support and resistance traders. I will also be eyeing this level for any good entries to go short. I love shorting the Euro!…

Continue Reading →

Weekly Forex Market Update & Key Levels March 28 – April 1st

WEEKLY FOREX UPDATE

EURUSD – Last week the Euro virtually went nowhere and continues to trade in its weekly trading range. Strong upside impulsive and weak corrective moves in the Euro in the past few weeks suggest that perhaps the Euro will make another stride to its top boundary at 1.14800. In the bigger picture however, the Eurozone…

Continue Reading →

Weekly Forex Market Update & Key Levels March 21 – 25th

WEEKLY FOREX UPDATE

EURUSD – As expected, the Fed didn’t raise rates at its scheduled meeting this week. However, the Fed’s statement lowered the expected overnight rate by year’s end from 1.4% to 0.90%. The Fed also lowered their forecast of four interest rate rises to only two this year. What really was strange at this meeting was…

Continue Reading →

Weekly Forex Market Update & Key Levels March 14 – 18th

WEEKLY FOREX UPDATE

EURUSD – What a week for the Euro! The European Central Bank (ECB) increased their stimulus program by 20 billion to 80 billion per month AND lowered commercial deposit interest rates from -0.3% to -0.40%. Normally an unexpected move like this by the ECB would have caused an negative impact to the currency, however, it…

Continue Reading →

Weekly Forex Market Update & Key Levels March 7 – 11th

WEEKLY FOREX UPDATE

EURUSD – The economic/finance issues in Europe are far from being resolved. Quite frankly, the Euro have severe demographic and unemployment issues among most its member countries that make up the Euro. Portugal, Italy, Spain, Greece have all have 25%+ youth unemployment, whereby the youth are leaving to the U.K. or other countries for better…

Continue Reading →

Weekly Forex Market Update & Key Levels Dec 14 – 18th

WEEKLY FOREX UPDATE

EURUSD – As mentioned in a previous market update, the 1.048 weekly lows represented a strong support zone by the Agents of the Fed, and that we could see a turn at that level. This was caused by the ECB’s decision not to further inject liquidity into the markets. I expect further upside movement into…

Continue Reading →

Weekly Forex Market Update & Key Levels Nov 16 – 20th

WEEKLY FOREX UPDATE

EURUSD – The Euro had another bad week, comments from the ECB that they will intervene in the market to provide the necessary liquidity and the US stock market taking a nose dive fueled upward pressure for safety and into the US dollar. I would expect further sideways price action until the trading range has…

Continue Reading →

Weekly Forex Market Update & Key Levels Nov 9 – 13th

WEEKLY FOREX UPDATE

EURUSD – The Euro had another rough week amid comments from the Fed suggesting to increase interest rates in December. Ironically, the Fed also hinted that negative interest rates is not out of the question which leads me to believe that anything could happen in December. I expect further confusion and sideways movement in its…

Continue Reading →

Page 1 of 5