Daily Forex Trading News from Valutrades

Market Recap: 7 - 11 September

on September 14, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week trading in a narrow range above the key 0.7250 level. In the previous week the AUDUSD eased away from a two year high above 0.74 where it met some reversal signals in the form of doji candlesticks, indicating significant selling pressure above that level for the time being. In the week leading up to the high the AUDUSD was able to push through the resistance at 0.7250, which had been placing downward pressure on the currency pair, and this level is now supporting the AUDUSD, which it has done in the last few days.

GBPUSD - Drops Sharply to Six Week Low near 1.28 as BOE Warns on Damage

on September 11, 2020 | By Stuart McPhee | GBPUSD

In the last week or so the GBPUSD has fallen sharply from its nine month high near 1.35 down through some key levels to a six week low around 1.28. A few weeks ago, the GBPUSD made repeated attempts to break through the significant level of 1.3250 which had repelled prices, before breaking through and reaching the nine month high. It was quickly rejected near 1.35 and then was quickly sold off. The resistance level at 1.3250 didn’t offer much support on the way down and then the other key level at 1.30 was also broken through quite quickly. Having offered such solid support to the GBPUSD several weeks ago, the 1.30 level may resist prices should it rally in the next week or so.

Equities Profit Taking. Brexit GBP Concerns.

on September 7, 2020 | By Brad Alexander | GBPUSD, USDCAD, Market Blast Videos, UKOil, EURGBP, USOil, WTI, NASDAQ

Welcome to this week’s Market Blast Fundamentals where we will look at USDCAD, EURGBP, GBPUSD, WTI (US Oil), and the NASDAQ (US100).

Market Blast :: 1 Sept 2020

on September 1, 2020 | By Brad Alexander | EURUSD, GBPUSD, Market Blast Videos, EURGBP, Fundamental Analysis, USDCNH, PMIs

Welcome to this week’s Market Blast Fundamentals where we will look at EURGBP, GBPUSD, EURUSD and USDCNH.

Market Recap: 24 - 28 August

on August 31, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week climbing higher before surging higher to its highest level in 18 months above 0.7350. In the last few weeks the AUDUSD has been able to push strongly through the key 0.7050 level and reach a then 18 month high above 0.7250 before consolidating and trading in a narrow range in the last two weeks. The 0.7050 level has played a key role in the last few months first providing resistance to the AUDUSD and more recently supporting price. Should the support at 0.7050 fail, this level may reverse roles and provide some resistance again.

GBPUSD - Meeting Resistance at 1.3250 as BOE Claims Speedy Recovery

on August 28, 2020 | By Stuart McPhee | GBPUSD

In the last two weeks the GBPUSD has made repeated attempts to break through the now significant level of 0.3250 which has repelled prices and offered strong resistance to higher prices. At the same time, the GBPUSD has enjoyed some solid support from another key level at 1.30 level which it broke through a few weeks ago on its strong surge higher. Leading up to this recent consolidation above 1.30, the previous two weeks saw the GBPUSD surge higher through two key levels, and it has since consolidated in a range between 1.30 and a five month high around 1.3250. Just prior to the surge, it was meeting resistance at the key 1.2650 level, remaining within a narrow range consolidating between another key level of 1.25 and 1.2650, whilst enjoying support from the 1.25 level. Should the current support at 1.30 fail, then either of these levels may be expected to step in and provide some support to a declining GBPUSD.

Market Recap: 10 - 14 August

on August 17, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week trading in a narrow range around 0.7150. In the last few weeks the AUDUSD has been able to push strongly through the key 0.7050 level and reach an 18 month high near 0.7250 before easing throughout the last week back to 0.7150. Since that time it has enjoyed some support from the key 0.7050 level keeping the AUDUSD above that level and near the highs. Should the support at 0.7050 fail, this level may reverse roles and provide some resistance again.

GBPUSD - Remains Well Support by Key 1.30 Level as UK Enters Recession

on August 14, 2020 | By Stuart McPhee | GBPUSD

In the last two weeks the GBPUSD has enjoyed some solid support from the key 1.30 level which it broke through only recently on its strong surge higher. Leading up to this recent consolidation above 1.30, the previous two weeks saw the GBPUSD surge higher through two key levels, and it has since consolidated in a narrow range between 1.30 and a five month high around 1.3150. Just prior to the surge, it was meeting resistance at the key 1.2650 level, remaining within a narrow range consolidating between another key level of 1.25 and 1.2650, whilst enjoying support from the 1.25 level. Should the current support at 1.30 fail, then either of these levels may be expected to step in and provide some support to a declining GBPUSD.

UK GDP and NZ Interest Rate this week.

on August 10, 2020 | By Brad Alexander | EURUSD, GBPUSD, Market Blast Videos, EURGBP, NZDUSD, Interest Rate Decision, Fundamental Analysis, AUDNZD, Central Banks

Welcome to this week’s Market Blast Fundamentals where we will look at EURUSD, NZDUSD, AUDNZD, EURGBP, GBPUSD.

Market Recap: 3 - 7 August

on August 10, 2020 | By Stuart McPhee | EURUSD, DJIA, GBPUSD, UKOil, US30

On Tuesday last week we covered UK Oil which spent the remainder of the week pushing a little higher away from the key $43 level before easing back a little. In the last four weeks or so UK Oil has traded in a very narrow range right around and above what has become a key level at $43, and in early June, UK Oil made two solid runs towards a then three month high and met stiff resistance on both occasions. Despite its break in the last week, it hasn’t shown too many signs of it wanting to move anywhere other than its very narrow range above $43.

Market Recap: 7 - 11 September

GBPUSD - Drops Sharply to Six Week Low near 1.28 as BOE Warns on Damage

Equities Profit Taking. Brexit GBP Concerns.

Market Blast :: 1 Sept 2020

Market Recap: 24 - 28 August

GBPUSD - Meeting Resistance at 1.3250 as BOE Claims Speedy Recovery

Market Recap: 10 - 14 August

GBPUSD - Remains Well Support by Key 1.30 Level as UK Enters Recession

UK GDP and NZ Interest Rate this week.

Market Recap: 3 - 7 August

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