Submitted Nov 8, 2020|From insights.globalprime.com|2 comments

As the US Presidential Election got called in favor of the Democratic representative Joe Biden, by most media outlets, the US Dollar continues to plummet across the board. USD under pressure When analyzing the currency on an equally-weighted basis, ...

Submitted Nov 4, 2020|From insights.globalprime.com

The main take-away from the US election day is that the Democratic nominee Biden is edging closer to the victory even if it’s not over until it’s over with votes still being counted. What really matters though is what going on beneath the surface as ...

Submitted Nov 1, 2020|From insights.globalprime.com|5 comments

I find it very fitting to call this unfolding week one of the busiest weeks of the year as now being upon us with the celebration of the US general election, alongside the RBA, the FOMC and the BoE policy meetings. If that wasn’t enough, the market ...

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

The US Dollar and the Japanese Yen, following the dominant thematic of this week, emerged as the top performers once again on Thursday. Only the Canadian Dollar, late in the day, was able to keep up. The Euro gave back the previous day’s gains as ...

Submitted Oct 27, 2020|From insights.globalprime.com

With the US election just one week away, with no prospects of a fiscal stimulus package ahead of it, and with chatter of further lockdown restrictions in Europe amid the spike in COVID-19 cases, the Yen continues to be the dominant performer as ...

Submitted Oct 27, 2020|From insights.globalprime.com

Financial markets are exhibiting risk-off dynamics resulting in the US Dollar and the Japanese Yen catching a strong bid while global equities and bond yields fall. Surprisingly, the sell-off in risk assets was largely contained in the likes of the ...

Submitted Oct 26, 2020|From insights.globalprime.com

The EUR ended last Friday as the strongest currency alongside CHF, which usually replicates the behavior of the former. These two currencies, alongside a revived Kiwi, also topped the leader board last week. On the other side of the spectrum we find ...

Submitted Oct 15, 2020|From insights.globalprime.com|2 comments

We had a classic global flight to safety with no particular catalyst once again but rather a range of worries for Mr. Market. The usual suspects (USD, JPY, CHF, Gold) were the main risers while commodity-linked currencies (AUD in particular) and the ...

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

The story of the day in the currency market was the renewed strength in the British Pound after the UK signaled that the October 15 deadline to get a trade deal done with the EU will drag on and talks are set to continue. The removal on this ...

Submitted Sep 28, 2020|From youtube.com

In today’s video analysis, I keep hammering home the concept of order flow analysis based on fractal structures. Not only I demonstrate how the read of order flow could have gotten us long in GBP/NZD, but I also study the latest ebbs and flows in ...

Submitted Sep 27, 2020|From insights.globalprime.com

The US Dollar and the Japanese Yen were the clear winners last week, while the Oceanic currencies and Gold were decimated. Sandwiched in the middle we find a group of four currencies (EUR, GBP, CAD, CHF) characterized by a far less acute imbalances ...

Submitted Sep 25, 2020|From insights.globalprime.com

It was largely an undecisive and choppy day in the markets on Thursday with both the USD and the Yen giving back a small portion of the huge gains made over the last week. Meanwhile, the Canadian Dollar outperformed, followed by a solid run in the ...

Submitted Sep 23, 2020|From insights.globalprime.com|1 comment

The story of the week is the strength in the US Dollar. This move is definitely very meaningful and carries behind the type of real-money commitment that has finally allowed some huge technical milestones. The equally-weighted USD index has ...

Submitted Sep 21, 2020|From insights.globalprime.com

Plenty of markets are finally coming back to life following tight ranges in most pairs. What’s driving these sell-side flows in equities, finally hitting hard the sentiment in Forex and benefiting the USD along the way, is anyone’s guess. The charts ...

Submitted Sep 20, 2020|From insights.globalprime.com

There has been and continues to be for the most part a serious entanglement in currency flows with a very limited number of pairs exhibiting congruence in trends when studying the combination of 4-hour and daily charts. A few exceptions exist but ...

Submitted Sep 17, 2020|From insights.globalprime.com

The USD had a bad day as the FOMC-induced gains were erased to the point that the currency ends the day as the worst performer across the FX board even if the net daily gains/losses for in most currencies were all compressed in a paltry +/- 0.2% ...

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

The time has come to start fully shifting the focus away from any second-tier events and be locked and loaded for the real fireworks in the form of the FOMC outcome (4.30 AEST), including both the Fed statement as well as Fed’s Chairman Powell press ...

Submitted Aug 5, 2020|From insights.globalprime.com|1 comment

With the US Dollar fragility kicking back in as risk sentiment improves, we’ve once again transitioned into an environment granting us permission to expand the daily watch list as new instruments qualify to be traded at a discounting regions. The ...

Submitted Jul 28, 2020|From insights.globalprime.com|3 comments

Aside from the continuous perky behavior in metals, which continue to trade in a league of their own performance-wise, the Sterling was the top performer in the currency space, while the USD, no surprise here, keeps lagging behind as the US heads ...