James Stanley
Senior Strategist at FOREX.com
price action, macro - opinions my own Sr. Strategist, https://t.co/lQguYxyk2Y no advice or recos, I do not DM
Articles
-
1 week ago |
stonex.com | James Stanley
Gold Talking Points: It’s been a blistering bullish trend in gold for 15 months now as the metal has gained as much as 75% from the February 2024 low up to last month’s high The natural question now is whether the move is exhausted as there’s only been two red months in that span; and more recently bulls have shown fatigue at $3350 after the $3500 level marked the high point last monthMonthly bars can be informative.
-
1 week ago |
forex.com | James Stanley
Euro, EUR/USD Talking Points: EUR/USD is posting a strong day after support held above 1.1200 and price now nears a re-test of resistance at 1.1400. Tomorrow is the final trading day of May and it’s a big one, as there’s a batch of German data due for release ahead of the U.S. Core PCE release at 8:30 AM ET. The monthly bar for EUR/USD is showing 50 pips of range which has increased from what I looked at in the Tuesday webinar.
-
1 week ago |
forex.com | James Stanley
As we approach the June open the environment has changed dramatically from the April open. While calls for ‘Black Monday’ were spreading from some famous financial pundits on the first weekend of April, the result in the two months since has been considerably different, with the S&P 500 rallying by more than 22% from the early-April lows. I look into equity indices like SPX in each weekly webinar. Click here to register.
-
1 week ago |
forex.com | James Stanley
USD/JPY has held support at 142.50 and has now rallied into 145.00 after a brutal week and a half last week, driven by a spike in long-dated Japanese yields. As Japanese yields have softened this week, USD/JPY has taken a step back and the pair has rallied up to that key psychological level. The pair continued to sway USD themes as the prospect of wider carry unwind could lead to more USD-weakness; but with JGB yields paring back that worry is a bit less today than it was last week.
-
1 week ago |
forex.com | James Stanley
US Dollar Talking Points: This webinar was heavily technical-focused and incorporated monthly bars as we near the end of May later this week. USD has so far shown indecision following a support bounce in late-April, opening the door for broader turn potential. Correspondingly, EUR/USD is working on a doji for the month of May and that remains as one of the more attractive venues for USD-strength to show. USD/CAD and GBP/USD, on the other hand, remain attractive markets for USD-weakness scenarios.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 81K
- Tweets
- 30K
- DMs Open
- No
Canadian Dollar Forecast: USD/CAD Breaks Down from 1.4000 Rejection https://t.co/00OjkSLsbE $USDCAD https://t.co/s3Wgu4hDa4
sounds outlandish to hear but $USDJPY is about 40% above its 2021 open values - before the carry trade started to build if that came off quickly? I'd imagine a global de-leveraging event that would hit stocks quite hard similar to last summer when USDJPY dropped by ~13%
🔸 40% DOLLAR DROP COULD ERASE U.S. TRADE DEFICIT: DEUTSCHE BANK Deutsche Bank’s Peter Hooper says undoing the dollar’s 40% real rise over the past 15 years could eliminate the U.S. trade deficit. The dollar has already fallen 8.3% this year as Trump’s aggressive tariffs shake
$EURUSD monthly bar almost a perfect doji at this point - less than 1 pip of range as of rn four hour has held support at prior res at the 1.1275 zone https://t.co/SICSkzgT8p