James Stanley
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James Stanley
Sr. Strategist
Expertise: Price Action, Macroeconomics
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USD, Gold, EUR/USD Stretching: US Dollar Price Action Setups
A number of major markets are already stretched such as USD, Gold and EUR/USD flashing overbought or oversold readings. And realistically there’s really only three possible ways of working with something like that, discussed deeper in this week’s webinar.
US Dollar Price Action Setups After the Cut: USD/JPY, EUR/USD, GBP/USD
It was a big week for USD headlines, yet Dollar bears couldn’t do much after a push down to fresh yearly lows.
Gold Bounce from Support Stalls Below the 2600 Big Figure
FOMC rate decisions can be messy particularly when something ‘new’ happens, and gold illustrates that well. In this article I discuss forward-looking strategy in the yellow metal.
US Dollar Back in Range After Failed FOMC Breakdown: USD/JPY Bounce in Asian Session
USD/JPY remains a big point of interest around the USD and despite a dimming fundamental case on the long side of the pair, prices have so far held a bounce since the FOMC rate cut. Tomorrow’s Asian session will be important to see if greater carry unwind does show.
Gold Pulls Back, USD/JPY Holds Above Key Support After Fed Goes 50
The Fed cut by 50 basis points and despite a quick yearly low in the USD, prices quickly pulled back.
Gold Price Outlook: Pullback Potential into FOMC
Gold prices put in a strong breakout after last week’s ECB rate decision and hopes for a 50 bp cut from the Fed have likely helped to drive the move. The big question now is ‘what’s next?’
Pre-FOMC US Dollar Price Action Setups: USD/JPY, EUR/USD
The big day is tomorrow, and markets are currently expecting the Fed to kick off their rate cutting cycle with a 50 bp move, which seems aggressive. But for a Fed that seems hesitant to disappoint market expectations the possibility needs to be acknowledged.
S&P 500 Rallies Ahead of the Fed: Levels of Note
S&P 500 futures have pushed forward and the big focus now is on the FOMC.
EUR/USD: Resistance Test at Upper TL of Bull Flag
The Euro has been on a strong track against the US Dollar, even with a dovish European Central Bank. The pair tests the resistance side of a bull flag formation ahead of the widely-expected start of a rate cutting cycle in the US.
USD/JPY Tests 140 Key Support as Carry Unwind Continues
The USD/JPY carry trade built a trend that ran for more than three years but the past two months have seen an aggressive sell-off appear as the Fed nears the start of their cutting cycle. The pair set a fresh yearly low this morning with a test below the 140 handle.
S&P 500 Rides a Strong Turn into FOMC Week: Levels of Note
The S&P 500 staged a strong mid-week reversal and this week brings the FOMC with the start of their expected rate cutting cycle.