Market Outlook 22/03/21

US equities were treated to a week full of fundamentals as we had an FOMC meeting which could be the catalyst to send the stock market on its way to new all time highs or could be the catalyst to send tech stocks even lower. Last week saw Fed Chairman Jerome Powell come out andContinue reading “Market Outlook 22/03/21”

XAUUSD – Time to Shine?

Yesterday was a massive day in the markets as we saw the FOMC statement & economic projections from the Federal Reserve. Rates were left unchanged with quantitative easing also being left unchanged at $120bln . The Fed’s stance remains accommodative and there has been further reiteration that we will have future guidance well in advanceContinue reading “XAUUSD – Time to Shine?”

USD Bulls In Full Force

After nearly a year of downside pressure on the dollar, we have finally begun to see relief in the world reserve currency. This comes as we see a massive rise in yields & Jerome Powell admitting we may have further inflation on the horizon, although he states the Fed will not react to rising rates.Continue reading “USD Bulls In Full Force”

USD/CHF – Technical Analysis

With the weakening of the dollar that we have seen since the end of last week, there has been significant strength in this safe haven pair. On the daily chart above, we can see that price was consolidating below the highlighted region, 0.91800, which was acting as resistance before breaking to the upside with priceContinue reading “USD/CHF – Technical Analysis”

USD/CAD – Updated Analysis

The announcement of the Fed wanting to maintain average inflation of 2% over time caused major volatility In various markets and ultimately sent saw the Canadian dollar gain on the U.S. dollar. On the 4 hour chart above we can see price fell short of the third touch of the trend line but structure wasContinue reading “USD/CAD – Updated Analysis”

NZD/USD – Zones To Look Out For

There have been some attractive zones offering support and resistance on this pair recently which will be looked at below but first let’s start on the daily time frame to get a general idea of how this pair has been trending. On the daily time frame, we can see that the overall trend here isContinue reading “NZD/USD – Zones To Look Out For”

DXY – COVID-19 Concerns Causing Dollar Weakness

Welcome to another AspireFX blog. We’ve seen the majority of dollar data come out positive as of late which leaves the question to be asked, what is actually causing dollar weakness across the board? There has been a surge in new COVID-19 cases reported in the US which has caused the dollar to take aContinue reading “DXY – COVID-19 Concerns Causing Dollar Weakness”