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The FXGT Blog
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Technical Analysis
29 August 2024
Crude Reality: Oil's Downward Spiral Amid China's Slowdown and Global Shifts
Crude Oil is in a downtrend amid China's slowdown, geopolitical uncertainties, and persisting tensions in the Middle East and Ukraine. China's oil imports have decreased,...
28 August 2024
Navigating the AUDUSD Price Action
The recent performance of the AUDUSD currency pair has been marked by significant fluctuations driven by a series of economic events, market sentiment, technical indicato...
23 August 2024
GBPJPY: Will the Bulls Stage a Rally?
The GBPJPY pair has been on a downward trajectory since mid-July, influenced by bearish technical indicators. While there are signs of a potential bullish reversal as pri...
22 August 2024
Navigating the USDCHF Downtrend Amid Market Uncertainty
The USDCHF currency pair has been tracing a downward path since the beginning of May, marked by lower peaks and troughs that suggest a continued decline.
16 August 2024
The USDJPY Downtrend and the JPY Carry Trade Unwind
The USDJPY pair has experienced a sharp reversal, marking a pivotal shift in its trajectory. Following a peak in early July, the pair has entered a pronounced downtrend, ...
14 August 2024
EURUSD on the Rise: Will Bullish Momentum Hold or Is a Correction Looming?
The EURUSD exchange rate has been on an upward trend since early July, climbing from a low of 1.06656 to a peak of 1.10080 in early August.
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8 August 2024
Bitcoin Nears $100K Amid Key Economic Data and Trump's Crypto Shake-Up
Major economic data releases, including U.S. Retail Sales and Unemployment Claims, along with the UK's Retail Sales figures, are set to influence market trends and curren...
8 August 2024
Crude Oil Insights: Riding the Waves of Economic Shifts and Market Signals
Despite rebounding from their lows, Crude Oil prices have remained mostly flat this year due to concerns about a global economic slowdown, as evidenced by various economi...
2 August 2024
GBPUSD on the Edge: Will Nonfarm Payrolls Ignite a Market Reversal?
Despite the soft ISM Manufacturing PMI, which has consistently been below the 50 benchmark since November 2022, the Bank of England's recent 25 basis point rate cut led t...
27 July 2024
NZDUSD Plunges for Three Consecutive Weeks
The NZDUSD has plunged for three consecutive weeks, declining by more than 4% as of the time of writing.
25 July 2024
Signs of Economic Slowdown Amid Weak Earnings and Indicators
The latest disappointing earnings reports from major companies, as well as weak economic indicators, suggest a potential slowdown in the US economy.
3 April 2024
Gold defends gains above $2,250; Attention turns to Friday’s NFP data
Rally to Record Highs: Gold has been witnessing a significant rally, pushing to new all-time highs above $2280. The current bullish wave reflects a market adjusting to th...
3 April 2024
WTI Crude Oil Hits Five-Month High
The start of the week marked a pivotal moment for crude oil prices, as they surged beyond the $83 barrier, marking a clear signal for trend continuation. After hitting th...
3 April 2024
Technical overview - Bitcoin’s Price Stagnation
Bitcoin's price largely remained stable last week, struggling to surpass the $72,000 mark to challenge all-time highs. A drop below $68,000 early this week has tempered t...
29 March 2024
USD/CAD Rejects $1.3620 for the Fourth Time During March
The pair has been navigating a broad sideways pattern over the past month, repeatedly testing but not breaking the upper limit of the large trading range at $1.3620. This...
27 March 2024
US Economic Data Sets the Stage for NZD/USD Volatility
Following resistance at $0.62 in early March, NZD/USD has declined by 3.5%, indicating a renewed downtrend as the New Zealand economy faces a technical recession from con...