2019 Bond Rally and the Health of the Global Economy

With global economic growth already showing signs of slowdown, the correlation between growth fears and bond prices are important indicators of economic outlook. If the market turns bullish or bearish, then the probability of central banks cutting interest rates will have an enormous impact on currencies. When investors are pessimistic about economic growth and thereby … Read more

2019 T1 W5

Market Movers Federal Open Market Committee What is the FOMC? The Federal Open Market Committee is the US regulatory body charged with overseeing the country’s open market operations and the setting of monetary policy. Its public statements providing information regarding economic policies, outlooks and the US Federal Reserve’s decision on interest rates changes, significantly affect … Read more

2019 T1 W4

Technical Analysis AUD/NZD This past week, AUDNZD, has been going on a rally starting from 1.03053. However it hit major resistance at 1.03600, which was also shown from 8th to the 11th March where breakout attempts failed causing long wicks from low buying pressure. Since then a descending triangle has been formed, which constantly tested … Read more

2019 T1 W3

Fundamental Analysis FARM PAYROLL What is the Nonfarm Payroll? Reported on the first Friday of each month, Nonfarm Payroll refers to any job excluding farm work, government agencies, non-profit organisations and self-employment in the US. The most important statistic reported from the Nonfarm Payroll is the number of additional jobs added from the previous month, which … Read more

2019 T1 W2

Technical Analysis USD/CAD Looking at the weekly chart (Figure 2), USD/CAD continues to respect the channel support and resistance lines. We also have a bullish engulfing candlestick pattern after the week’s close, and the Stochastic seems to be forming a bullish crossover. The MACD still remains in bullish territory and if the market continues to … Read more

2019 T1 W1

Technical Analysis USD/CHF After attempting to reach the 1.0110 major resistance, the pair suffered a strong selling pressure and posed a bearish engulfing on February 14th and a Gravestone Doji the day after, meanwhile, RSI and Stoch were both showing bearish divergence. The closing price below the up trendline on February 18thwas believed to serve as … Read more

Technical Analysis: How to Read the MACD Indicator

In this article: MACD and Its Components Two Simple Ways of Using MACD MACD Continuation Signals MACD Histogram MACD Divergence MACD and Its Components The Moving Average Convergence/Divergence (MACD; pronounced “Mac-Dee”) is a trend-following momentum indicator that shows the relationship between two Exponential Moving Averages (EMAs) of the price of an underlying security. It is … Read more