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- patguay replied Feb 5, 2024
Good news: GBPUSD has finally broken the 1.26 support level. Now whether this is a false breakout or it will retest the resistance level from here will depends on the US traders taking over in a few hours time.
- patguay replied Feb 4, 2024
Having said that, GBPUSD is not completely out of the wood yet. It is still range bound between 1.26 and 1.28, currently hovering near the bottom end of the range. If it penetrates below 1.2595 and retest the support zone, there is a high chance for ...
- patguay replied Feb 4, 2024
Based on my observation for the past 12 months NFP, this is by far the best one. 1) The price hardly retraced during the 1st 30 mins after data release. 2) Even the last 1 hr before US market close, the retracement is at best shallow, suggesting ...
- patguay replied Feb 4, 2024
Several years have passed since my last updates. I have lost my password and the email associated with this account. A few days ago, I managed to retrieve my email account and reset my password. And here is my overdue updates on fundamental news for ...
- patguay replied Jul 19, 2018
It has been quite a while since I last updated the page. I have been busy demo trading the concept of applying Fundamental + Technical Analysis and the result are very promising after trading it for 55 weeks. I have created a trade explorer for my ...
- patguay replied Jan 10, 2018
Here is another big news for the USD. Chinese officials would consider either slowing down or halting purchases of US Treasuries. This will definitely impact USDJPY greatly. Do monitor how this news impact all the USD currency pairs if you have the ...
- patguay replied Jan 10, 2018
When such a major news hit the market, based on my observation for the past 6 months, Fundamental Analysis always dictate the trend and Technical Analysis take a back sit. So when I enter the Yen trade, I don't follow the technical setup like what I ...
- patguay replied Jan 10, 2018
There are 3 events that has taken place for the past 2 days, namely: 8 Jan 2018 The Greenback's recovery has been reported to be primarily due to intervention from South Korea attempting to weaken the Korean won by buying USD. The Bank of Canada ...
- patguay replied Jan 8, 2018
Hi taksistalo, Thank you for your kind word. I hope you find the ideas discussed in the thread useful. This thread is created for those who find fundamental analysis confusing. Too many a times, many traders are unable to make any sound judgement ...
- patguay replied Jan 7, 2018
The Loonie was the best performer among the majors last Friday but the momentum of the currency eased after the Ivey Purchasing Manager Index showed a larger than expected decline in Dec to 60.0 from 63.0. Nevertheless, I am more inclined to trade ...
- patguay replied Jan 7, 2018
This is the highlights for 5 Jan 2018 market events: US The economy added 148K job, below the 190K expected. The unemployment rate remained unchaged as expected at 4.1% Hourly earnings rose 0.3% Canada The economy added 78.6K jobs in Dec vs market ...
- patguay replied Jan 4, 2018
For the past few days, the market is characterized by risk-on sentiment: booming commodities supported by good economic data from China Global business optimism are at record high except for UK firm (due to Brexit uncertainty) Risk on environment ...
- patguay replied Jan 4, 2018
The following are the highlights of Thursday US data: US private sector added 250k jobs in Dec, at the fastest pace since Mar, well above economists expectations of 190K. (positive news) The Markit PMI Service sector came in at 53.7, also surpassing ...
- patguay replied Jan 4, 2018
You are most welcomed.
- patguay replied Jan 3, 2018
The FOMC meeting minutes released a few hours ago contain both hawkish and dovish elements but overall, it carries a slight hawkish tone. The highlights of the minutes are as follows: Several officials were concern about low inflation expectations. ...
- patguay replied Jan 3, 2018
Dec 13 FOMC meeting minutes does not offer any surprises to the market although it carries a slight hawkish tone. I would wait for ADP Non-Farm Employment Change, Unemployment Claims and NFP data to be released in the next 2 days before deciding on ...
- patguay replied Jan 3, 2018
Here are the highlights of US ISM Manufacturing PMI (Jan 3): Manufacturing activity unexpectedly strengthened in Dec, boosting optimism over the American economy. Index of manufacturing activity increased to 59.7 last month from Nov reading of 58.2 ...
- patguay replied Jan 3, 2018
Fundamental Analysis is a new frontier for me. I am still learning it. I will share what I have learned and hope it will offer some reference to your trading decision.
- patguay replied Jan 3, 2018
There are some website that offers free information on forex trading for beginners, for example: www.babypips.com It should provide you all the necessary info you want to know about trading. Just some word of advice: Learn to trade properly right ...
- patguay replied Jan 3, 2018
Thanks for dropping by. I will provide updates on the important news release and share my opinions on it if I have the time. I hope all of us can learn from the information sharing.