Submitted Jan 14, 2021|From insights.globalprime.com|1 comment

The rally in the Australian Dollar index is the gift for bulls that keeps on giving. In the last 24h, there is further evidence that a new technical milestone has been achieved by printing new multi-year highs and hence strengthening its bullish ...

Submitted Jan 12, 2021|From insights.globalprime.com

The USD was sold harshly as a solid 10y UST auction led to have second thoughts over the recent bond sell-off. In fact, the USD set to record a down day for 2021 after three days of upside. Still, do remember where we stand in the grand scheme of ...

Submitted Jan 6, 2021|From insights.globalprime.com

The Antipodean currencies continue to crusade through unstoppable as the overall performance of the Forex indices shown in the chart above clearly depicts. Both the AUD and NZD keep moving in tandem finding no rivalry. What’s interesting about the ...

Submitted Jan 5, 2021|From insights.globalprime.com

This morning, as I open my charts, the first thing that strikes me is the strength of the antipode currencies and the Canadian Dollar, a group of currencies that are usually defined as commodity/growth-linked. On the contrary, the US Dollar was ...

Submitted Jan 4, 2021|From insights.globalprime.com

Often times there is this constant debate. What matters the most, technicals or fundamentals? My personal stance in the subject is that while the latter is critical to understand the ‘whys’ of long-term trends, it is the technicals that show us the ...

Submitted Dec 14, 2020|From insights.globalprime.com

The Sterling has been given a major boost in the open of the Asian session as the UK and the EU agreed to extend post-Brexit trade talks beyond Sunday following a call between leaders earlier on Sunday. In a joint statement, Boris Johnson and ...

Submitted Dec 3, 2020|From insights.globalprime.com

The US Dollar continues to be smacked lower mercilessly. Once again, the currency ended as the worst performer. On the flip side, the volatile Pound topped the leader board, following the sharp decline it had the prior day. This whipsawing action in ...

Submitted Nov 29, 2020|From insights.globalprime.com

The main mover last Friday was once again the suspect swinging the wildest as of late, that is, the British Pound. A couple of negative headlines around Brexit led to another strong round of selling pressure as the market comes to terms about the ...

Submitted Nov 26, 2020|From insights.globalprime.com|1 comment

What immediately caught my attention in the last 24 hours of Forex trading activity, was the contrasting performance of the British Pound against the Japanese Yen. In order to understand the sell-side pressure that hit the British currency, one must ...

Submitted Nov 24, 2020|From insights.globalprime.com|2 comments

In today’s analysis of the Forex market, what caught my attention, was the follow-through continuation in risk appetite dynamics. To the point that the market is starting to morph into an environment that makes for some ideal conditions to trend ...

Submitted Nov 23, 2020|From insights.globalprime.com

The currency exhibiting the most stable trend on Monday was the British Pound. It attracted buyers amid the positive soundbites that a Brexit trade deal with the EU looms near. On the opposing end of the performance board we find the Japanese Yen, ...

Submitted Nov 22, 2020|From insights.globalprime.com

With volatility dramatically compressed in the last week, finding opportunities to trade in the Forex market has not been an easy task. Trading these tough conditions has been, first and foremost, an exercise of patience and sticking to one’s plan ...

Submitted Nov 19, 2020|From insights.globalprime.com

The first thing that comes to mind when analysing the currency space is how focused the market has become to the immediate future. In other words, short-term economic jitters due to stricter lockdowns in many parts of the world appear to be ...

Submitted Nov 18, 2020|From insights.globalprime.com

The behavior of G8 forex indices is never free of ambiguity and uncertainty. If caught up in short-term moves alone, it tends to be random in nature. Analysis of the contextual setting and information advantage allows us to make more sense of the ...

Submitted Nov 18, 2020|From insights.globalprime.com|5 comments

The size of the global foreign exchange market (also known as forex, FX or the currency market), far exceeds any other market. It dwarfs its nearest competitor (futures market) by a ratio of about 10:1. With an estimated daily volume of more than $5 ...

Submitted Nov 16, 2020|From insights.globalprime.com

We head into Tuesday with the revival of risk appetite conditions as clearly portrayed by the outperformance of the commodity-linked currencies complex. In order of strength, the Kiwi, the Aussie and the Canadian Dollar were the currencies ...

Submitted Nov 15, 2020|From insights.globalprime.com

By reviewing the action last Friday, the British Pound emerged as the strongest currency. Interestingly, the bulk of the gains occurred in the pre-London session. Once the London boys came online, the currency ended up treading water and its ...

Submitted Nov 10, 2020|From insights.globalprime.com

The British Pound made a statement of fortitude on Tuesday, ascending to the top of the leaderboard. The price of Gold was the only asset I monitor in my daily analysis that was able to keep up. The rest of currencies meandered without a discernible ...

Submitted Nov 10, 2020|From insights.globalprime.com

The market has been emboldened by a sense of strong risk appetite. This type of environment refers to the appreciation of asset classes considered of riskier nature due to higher yields or linked to the prices of commodities and/or global growth ...