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 04–08 September, 2023:
Fundamentals
The European Central Bank's (ECB) President Lagarde noted that she is focused on inflation expectations and keeping them in check. She also noted that it will be critical for central banks to keep inflation expectations firmly anchored while these relative price changes play out.
The...
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Forex Weekly Recap for 28 August–01 September, 2023:
Fundamentals
The European Central Bank’s (ECB) Holzmann noted that he supports a rate hike in September barring any downside surprises before the meeting; his other key mentions were:
Not in the clear yet on inflation.
The ECB should start a debate soon on ending pandemic emergency purchase...
Hi Traders!
Forex Weekly Recap for 21–25 August, 2023:
Fundamentals
The Federal Reserve's Harker noted that they probably have done enough on interest rates and can hold steady into the next year. Other key mentions from him were:
The low-income consumer is clearly slowing down.
Consumer credit card delinquencies are starting to tick up.
Student loans won't...
Hi Traders!
Forex Weekly Recap for 14–18 August, 2023:
Fundamentals
The Reserve Bank of Australia (RBA) released the minutes of the August 2023 policy meeting, where the central bank kept the interest rate unchanged at 4.1%. The key notes from the meeting were:
The board considered raising rates by 25 basis points, although they saw a more credible path back...
Using Top down analysis I have a Bearish Bias for this pair you can clearly see an overall Double Top Pattern on the higher TF's I am currently short with my SL above 1.62806. TP Targets are set yet awaiting more bearish price action. On h1 there is a smaller Double Top which I made my entry on. Also my pending was triggered @ 1.62248 which gave me a perfect wick...
