What’s the Theme for FED’s Powell at Tomorrow’s Testimony?
Markets are awaiting FED chairman Jerome Powell testimony for some directions, which will start tomorrow Full Article
Gold Resumes Downtrend After Rejection at MAs
Gold has turned bearish and lost around $35 today, as Powell hints on higher interest rates from the FOMC Full Article
Forex Signals Brief for March 8: USD Resumes Uptrend As Central Banks Resume Hawkish Rhetoric
Yesterday Jerome Powell confirmed that the FED will continue to raise rates to 5.75%, which hurt risk sentiment and sent the USD lower Full Article
USD Back on the Bullish Trend After FED Powell’s Higher Rates Comments
The USD has been in dout in recent weeks, but it is resuming the larger uptrend now as Powell pushes for higher rates Full Article
Shorting AUD/USD After the Rejection at the 50 SMA
The bullish retrace from last week has ended in AUD/USD and the 50 SMA rejected the price, so we decided to open a sell forex signal here Full Article
Forex Signals Brief for February 8: USD Resumes the Course After Powell Leaves It to the Data
The USD retreated 100 pips lower yesterday during Powell's speech, but resumed the bullish momentum again after he finished Full Article
Gold Finding it Hard to Push Above the 200 SMA
Gold lost around $100 in a few days and buyers are finding it hard to regain momentum again as MAs turn into resistance Full Article
USD Risk Tilted to the Upside, If Powell Disappoints Today
Markets are all pricing in a dovish FED today after raising rates by 25 bps, but Powell might repeat December's comments which will be hawki Full Article
Forex Signals Brief for January 11: Powell Leaves USD Dry Ahead of CPI
Yesterday Jerome Powell didn't touch on the monetary policy and inflation, removing one of the risk events ahead of tomorrow's CPI report Full Article
Booking Profit on Gold Longs Yet Again, As Powell Keeps Quiet on Policy and Inflation
We continue to open buy Gold signals as the pressure remains to the upside and closed 2 winning signals today as Powell sent the USD lower Full Article
Forex Signals Brief for December 5: BOC and RBA Slowing Rate Hikes Already
The USD resumed the decline last week after Powell suggested a rate hike slowdown, while the RBA and the BOC are doing so with a 25 bps hike Full Article
Gold Breaks Above the 200 Daily SMA, As It Pushes to $1,800
Gold has bounced off the 20 daily SMA after three days of strong gains, as the USD turns softer again Full Article
USD/JPY Resumes Decline As Powell Doesn’t Want to Overtighten
Yesterday USD/JPY failed to break above the 50 SMA and reversed lower after Jerome Powell's speech which sounded less hawkish Full Article
Forex Signals Brief for December 1: ISM Manufacturing to Fall in Contraction Too
Yesterday the USD turned bearish after Powell's comments on slowing rate hikes, while today's ISM manufacturing might send the USD lower Full Article