Joe Perry Blog | Talkmarkets | Page 1
Global Head of Business Development at Forex.com
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Joseph Perry is currently Global Head of Business Development and Market Strategist at Forex Analytix. He specializes in helping trading firms and individuals meet their FX and CFD needs through analysis and education, working with a broad range of clients from hedge funds to individual traders. ... more

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AUD/NZD May Be Ready To Test 2019 Highs, But Watch For A Pullback
AUD/NZD had been going bid since putting in a low on March 18th near .9990, and it hasn’t looked back. After the recent Australian employment data and the New Zealand stimulus, the pair appears ready to test the November 7, 2019 highs near 1.0865.
Whatever It Takes
The ECB will stand behind any country that is having economic issues due to the coronavirus.
Norwegian Krone Not Playing Fair
If USD/NOK rolls over, it will have proved correct and the move lower in crude was a bit overdone.
Banxico’s Turn
USD/MXN may already be on its way to new highs.
Crude Oil, The Economy, And Volatility
Until the world can gain control of the coronavirus, the economic uncertainly will remain.
Emerging Markets Pairs May Be Giving Us Clues
Many emerging market currencies (EMs) trade in the same direction as stocks. That is, many of the emerging market currency US Dollar pairs trade inversely with stocks. So, if stocks move lower, emerging market US Dollar pairs will trade higher.
Can Crude Really Trade At Negative Prices? It Just Did!
There has already been a glut of oil in the market beginning with the economy slowdown caused by the coronavirus. This slowdown significantly decreased the demand side of the equation. In February Russia refused to cut back production with OPEC.
Week Ahead: Green Shoots
As each country, state, city, and town remains in its own coronavirus reality, green shoots are emerging as discussions have begun as to when to bring life to each person’s hope.
Puttin’ On The VIX
On a daily timeframe, the VIX is trading at 40.10 and has stalled at the 61.8% Fibonacci retracement level from the lows on February to the highs on March 18th.
Tying It All Together With Copper
The price of copper has been trending higher as of late, in parallel with the S&P 500 and AUD/USD.
Look To EUR/AUD And EUR/NZD For Stock Market Direction
After putting in a low on March 23rd, the S&P 500 has been moving aggressively higher, only pausing at the 38.2% Fibonacci retracement level from the February 20th highs to the March 23rd lows.
Poor US Data Won't Help The Risk Off Move Today
It appears as though stock prices don’t believe the worst is over yet and the latest rally was just a “bear market rally”.
BoC May Not Be As Quiet As People Think
Tomorrow, the Bank of Canada has their regularly scheduled Interest Rate Decision and Monetary Policy Report. Looking at a chart of USD/CAD, markets don’t seem to expect much.
Make It Or Break It For The Australian Dollar
On a 240-minute AUD/USD chart, the pair has broken out of a pennant formation, with a target near the March 9th highs and previous support (now acting as resistance) at February’s lows.
USD/CAD Traders Playing “Stop Hunt”
Price movement in USD/CAD has formed a descending triangle, in which price consistently trades down to a horizontal support level (in this case near 1.3920) and bounces, putting in lower highs each time.
EC Week Ahead: Oil And Stocks
Earnings season for Q1 kicks off next week with many of the Wall Street banks reporting. There is some economic data this week, though the most-watched will be from China.
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