TheForexMessiah

TheForexMessiah Updated 

EURUSD is in a range bound market as both the Federal Reserve and European Central Bank are looking to cut rates by the end of 2024. The ECB has already cut rates, and the Fed is expected to cut rates in September. This weeks strong US GDP numbers will put further bearish pressure on this pair. On Friday 2nd August we have US Non Farm Payroll Employment Numbers....

TheForexMessiah Updated 

USDJPY has been moving in a downwards trend channel since the 11th July. The Bank of Japan intervened in the FX markets on the 11th July by buying the Yen off the back of USD weakness. As a result, the price of Yen futures have sky rocketed. However, this does not fundamentally change the long term price of the Yen so we can look to buy this pair once the Yen...

TheForexMessiah Updated 

Fundamental Analysis on NZDUSD Interest Rates: NZD Cash Rate = 5.50% NZD Inflation Rate = 4.0% NZD Interest Rate Adjusted for Inflation = 1.5% USD Cash Rate = 5.50% USD Inflation Rate = 3.3% USD Interest Rate Adjusted for Inflation = 2.2% Interest Rate Differential = 0.7 USD sees greater gains against the New Zealand Dollar due to a higher Interest Rate....

TheForexMessiah Updated 

I will be taking advantage of upcoming short term CHF weakness and USD strength by buying this pair. The economic calendar is also full of important events that will cause a lot of volatility in this market: CB Consumer Confidence - Tuesday JOLTS Job Openings - Tuesday ADP Non Farm Employment Change - Wednesday Employment Cost Index - Wednesday Pending Home Sales...

TheForexMessiah

"US data should give officials more confidence that inflation is heading to 2% and we suspect attention will start focusing on achieving a ‘soft landing’ for the economy. Next week’s FOMC meeting should lay the groundwork for a September rate cut as policy starts shifting from restrictive territory to something more neutral" - Source - Think ING A rate cut by the...

TheForexMessiah

Bitcoin has been in a range bound market since March 2024. We can see prices target 71,000 - 72,000 over the next 1 - 2 weeks. A strong push above 72,000 - 73,000 will see the start of the next bull run. If prices remain below 73,000 then we can see prices revisit 60,000.

TheForexMessiah

EURUSD is in a range bound market as both the Federal Reserve and European Central Bank are looking to cut rates by the end of 2024. The ECB has already cut rates, and the Fed is expected to cut rates in September. Today's strong US GDP numbers will put further bearish pressure on this pair. On Friday 2nd August we have US Non Farm Payroll Employment Numbers....

TheForexMessiah Updated 

Today's Canada Economic Numbers were released: CPI m/m - Actual below forecast CPI y/y - Actual below forecast We have seen CAD pairs move lower since the CPI numbers were released. With further Swiss Franc strength, I expect this pair to target the 0.65 price level. Continued bearish pressure will lead to price moving towards 0.64. Good luck guys :)

TheForexMessiah

Todays US GDP numbers were higher than forecasts. Prices of Oil products saw a spike towards the upside as a result. Keep in mind that the recent decline in oil prices was due to Chinese demand falling. We can see prices target $80.00 by the end of summer and early autumn.

TheForexMessiah

I will be looking to short EURUSD over the coming weeks. Both the European Central Bank and the Federal Reserve are expected to cut rates this year. When banks cut rates, the currency usually falls. In the case of this pair, it will continue to be range bound due to both banks cutting rates. For short term direction, we can look at economic numbers such as...

TheForexMessiah

Key Levels: 1.30 1.28 1.26 On Wednesday 17 July, GBPUSD broke the 1.30 price level. However, prices reversed below this level after CPI data was released. Provided that price remains below the 1.30 price level, we can see prices target 1.29 and 1.28. UK Economic Numbers: CPI y/y (Inflation) - Actual (2.0%) higher than forecast (1.90%) Unemployment...

TheForexMessiah Updated 

After doing some research I have seen that the price of Oil tends to rally during the summer months with prices peaking in September - October. During the summer months, particularly in August, oil prices tend to rise. Why? Because this is when the summer driving season is in full swing. As people hit the roads for vacations and travel, there’s an increased...

TheForexMessiah Updated 

Price Target: 2450.00 - 2500.00 Gold continues to make higher highs and higher lows. US dollar strength is diminishing in light of a potential interest rate cut next month which is signalled by lower inflation numbers. Tensions in the Middle East remain with Israel and Hezbollah exchanging fire on a regular basis. Speculations of an "all out war" appearing on...

TheForexMessiah Updated 

On Thursday 11 July, the Bank of Japan (BOJ) intervened in the FX markets exactly 10 minutes after US CPI numbers were released. It is reported that the BOJ spent over 22 Billion Yen in this intervention. If we can learn something from the previous intervention, it is that these are not sustainable and just act as a way for the BOJ to prevent the Yen from a free...

TheForexMessiah

AUDUSD can be expected to move higher with a price target of 0.69 Short term USD weakness along with commodity prices rising will fuel AUDUSD gains. With US inflation improving, the Federal Reserve is expected to start cutting rates in September. This may lead to the USD weakening. Expect bearish or sideways movement on the DXY. I will be looking for...

TheForexMessiah

Why I'm Bullish on GBPUSD: Current Interest rates are in favour of the GBP. A stronger rate on the GBP compared to USD allows for price to move higher. GBP Interest Rate Adjusted for Inflation - 3.25% USD Interest Rate Adjusted for Inflation - 2.50% GBPUSD is also fundamentally strong as recent US inflation slowing signals a rate cut by the Federal Reserve...

TheForexMessiah

Data released by the Bank of Japan (BOJ) on Friday showed that the Japanese authorities may have spent 3.3 Trillion Yen (22 Billion USD) on July 11 to intervene in the currency markets. It's important to remember that regardless of how strong the intervention is, the Japanese Yen will continue to see losses unless the fundamentals of the currency change.As long...

TheForexMessiah

Price Target - 1.31 GBP Interest Rate Adjusted for Inflation - 3.25% USD Interest Rate Adjusted for Inflation - 2.50% GBP's strength over the USD is mainly due to strong interest rates from the Bank of England along with the Federal Reserve signalling a rate cut due to lower inflation which will further weaken the dollar. The Bank of England currently has no...