Thursday, July 9, 2020 7:50 AM EDT
GBP/USD has entered overbought territory according to the Relative Strength Index on the four-hour chart – which is above 70.
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Forex Crunch
Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ... more
Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated Elam and these are the topics that his website, Forex Crunch, focuses on.
Before founding Forex Crunch, he worked as a programmer in various hi-tech companies and has a B.Sc. in Computer Science from Ben Gurion University
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ALL CONTRIBUTIONS
GBP/USD: Appetite For More Gains After Sunak’s Meal Deal, Investors Ignoring Coronavirus, Brexit
EUR/USD: Overbought Conditions, US Jobless Claims, And Coronavirus May Curb The Rally
Thursday, July 9, 2020 5:25 AM EDT
Investors seem to have fixed rose-tinted glasses to their faces – or see the shining glass half full. The increase in global stocks has pushed the safe-haven dollar down, allowing EUR/USD to reach its highest rate since June 11.
GBP/USD: Will Sunak Send Sterling Higher? Brexit, Hong Kong, US Coronavirus Could Cap Climb
Wednesday, July 8, 2020 5:23 AM EDT
GBP/USD has been rising amid hopes for UK fiscal stimulus and high-level Brexit talks and Wednesday’s four-hour chart is painting a bullish picture.
EUR/USD: Ready To Resume Its Rise? Euro Showing Resilience Alongside Uptrend Support
Wednesday, July 8, 2020 4:48 AM EDT
Euro/dollar is trading above the long-term support line running from late May, as well as alongside a steeper one that was formed in early July when it bottomed out at 1.1185.
GBP/USD: Boris’ Careless Care Home Comment, Weak Stimulus, Downtrend Resistance, All Point Down
Tuesday, July 7, 2020 11:36 AM EDT
Support awaits at 1.2440, a low point early in the month, followed by 1.24, a stubborn cap from last week. Next, 1.2340 and 1.23 are eyed.
GBP/USD: Are The Bulls Back? Specter Of Negative Rates, Other Factors May Keep Cable Capped
Monday, July 6, 2020 8:31 AM EDT
GBP/USD is trading above the 50, 100, and 200 Simple Moving Averages on the four-hour chart and momentum is to the upside. However, it has been setting lower highs in recent days, taking some of the sting out of the bullish case.
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STOCKS I FOLLOW
| AA | Alcoa Inc. |
| ABB | ABB LTD. |
| ABT | Abbott Laboratories |
| ACI | Arch Coal Inc |
| ACTG | Acacia Research Corporation |
| AEP | American Electric Power Company Inc |
| AFL | AFLAC Incorporated |
| AGNC | American Capital Agency Corp. |
| AKAM | Akamai Technologies Inc. |
| ALB | Albemarle Corporation |
| ALU | Alcatel-Lucent |
| AMZN | Amazon.com Inc. |
| ANR | Alpha Natural Resources Inc. |
| APA | Apache Corporation |
| APL | Atlas Pipeline Partners L.P. |
| ARCC | Ares Capital Corporation |
| ARNA | Arena Pharmaceuticals, Inc. |
| ARR | Armour Residential REIT Inc. |
| BAC | Bank of America Corporation |
| BAYRY | Bayer Aktiengesellschaft |
| BBRY (now BB) | BlackBerry Ltd |
| BBT | BB&T Corporation |
| BHP | BHP Billiton Limited |
| BIDU | Baidu, Inc. |
| BK | Bank of New York Mellon Corp. |
| BP | BP p.l.c. |
| C | Citigroup Inc. |
| CAT | Caterpillar Inc. |
| CBL | CBL & Associates Properties Inc. |
| CEO | CNOOC Limited |
| CERN | Cerner Corporation |
| CF | CF Industries Holdings Inc. |
| CHK | Chesapeake Energy Corporation |
| CHL | China Mobile Limited |
| CIG | Companhia Energtica de Minas Gerais - CEMIG |
| CIM | Chimera Investment Corporation |
| CMI | Cummins Inc. |
| COST | Costco Wholesale Corporation |
| CQP | Cheniere Energy Partners, LP |
| CSCO | Cisco Systems Inc. |
| CSX | CSX Corporation |
| CTL | CenturyLink Inc. |
| CVX | Chevron Corporation |
| DE | Deere & Company |
| DNDN | Dendreon Corporation |
| DNR | Denbury Resources Inc. |
| DUK | Duke Energy Corporation |
| DVN | Devon Energy Corporation |
| EIX | Edison International |
| EMC | EMC Corporation |
| EMR | Emerson Electric Co. |
| EOG | EOG Resources Inc. |
| EPD | Enterprise Products Partners L.P |
| ETP | Energy Transfer Partners L.P. |
| EXC | Exelon Corporation |
| F | Ford Motor Company |
| FCX | Freeport-McMoran Copper & Gold Inc. |
| FFIV | F5 Networks Inc. |
| FITB | Fifth Third Bancorp |
| FRT | Federal Realty Investment Trust |
| FSLR | First Solar, Inc. |
| FTR | Frontier Communications Corporation |
| FXE | Euro Currency Trust |
| GE | General Electric Company |
| GG | Formerly Goldcorp Inc. (see NEM) |
| GIS | General Mills Inc. |
| GLW | Corning Inc. |
| GOOG | Alphabet Inc. (Google) |
| GS | Goldman Sachs Group Inc. |
| HAL | Halliburton Company |
| HON | Honeywell International Inc. |
| HTS | Hatteras Financial Corp. |
| IBM | International Business Machines Corporation |
| ISRG | Intuitive Surgical Inc. |
| JNJ | Johnson & Johnson |
| JPM | JPMorgan Chase & Co. |
| JYNFF | iPathSM JPY/USD Exchange Rate ETN |
| KMB | Kimberly-Clark Corporation |
| KMP | Kinder Morgan Energy Partners L.P |
| KO | The Coca-Cola Company |
| KOG | Kodiak Oil & Gas Corp |
| KOL | Market Vectors Coal ETF |
| LEG | Leggett & Platt Inc. |
| LINE | Linn Energy, LLC |
| LMT | Lockheed Martin |
| LO | Lorillard Inc. |
| MBT | Mobile TeleSystems |
| MCD | McDonald's Corporation |
| MDLZ | Mondelez International, Inc. |
| MFA | MFA Financial Inc. |
| MMM | 3M Company |
| MMP | Magellan Midstream Partners L.P. |
| MO | Altria Group Inc. |
| MOS | Mosaic Company The |
| MRK | Merck & Co Inc. |
| MRO | Marathon Oil Corporation |
| MS | Morgan Stanley |
| MSFT | Microsoft Corporation |
| MT | ArcelorMittal |
| MWE | MarkWest Energy Partners L.P. |
| NBL | Noble Energy Inc. |
| NLY | Annaly Capital Management Inc. |
| NOK | Nokia Corporation |
| NUE | Nucor Corporation |
| PAA | Plains All American Pipeline L.P. |
| PBI | Pitney Bowes Inc. |
| PBR | Petrobras - Petroleo Brasileiro S.A. |
| PCLN | Priceline (Now BKNG) |
| PFE | Pfizer Inc. |
| PG | Procter & Gamble Co. |
| PM | Philip Morris International Inc. |
| PNC | PNC Financial Services GroupThe |
| POT | Potash Corp (Now NTR) |
| PSEC | Prospect Capital Corporation |
| QCOM | QUALCOMM Incorporated |
| RGLD | Royal Gold Inc. |
| SBUX | Starbucks Corporation |
| SCCO | Southern Copper Corporation |
| SDRL | Seadrill Limited |
| SHW | Sherwin Williams Co. |
| SID | Companhia Siderrgica Nacional |
| SINA | Sina Corporation |
| SIRI | Sirius XM Radio Inc. |
| SLB | Schlumberger Limited |
| SLV | iShares Silver Trust |
| SLW | Silver Wheaton Corp. |
| SO | Southern Company |
| SOHU | Sohu.com Inc. |
| SQM | Sociedad Qumica y Minera de Chile S.A. |
| STO | Statoil ASA |
| SU | Suncor Energy Inc. |
| TBT | ProShares UltraShort Lehman 20+ Year Treasury ETF |
| TEF | Telefonica S.A. |
| TEVA | Teva Pharmaceutical Industries Limited |
| TM | Toyota Motor Corporation |
| TNK | Teekay Tankers Ltd |
| TOT | TOTAL S.A. |
| UTX | United Technologies Corporation |
| V | Visa Inc. |
| VALE | Vale S.A. |
| VAR | Varian Medical Systems Inc. |
| VVUS | Vivus, Inc. |
| WFC | Wells Fargo & Co. |
| WMB | Williams Companies Inc |
| WPRT | Westport Innovations Inc |
| WR | Westar Energy Inc. |
| X | United States Steel Corporation |
| XOM | Exxon Mobil Corporation |
| YUM | YUM! Brands Inc. |
| YZC | Yanzhou Coal Mining Co. Ltd. |
| ZNGA | Zynga Inc. |
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Things are not looking that great in the US economy and the dollar begins letting it go. However, the main culprit regarding the dollar’s fall is the US President.
In this video: UDN
Work Experience
| Founder and Chief Editor | |
| Forex Crunch | |
| September 2009 - Present (11 years) | |
|
Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Forex Crunch aims to help people trade forex responsibly. Real people stand behind the site, commentary aims to be balanced and the editorial line leans toward solid forex trading. |
| Programmer | |
| Metacafe | |
| September 2006 - August 2009 (3 years) |
| Programmer and DBA | |
| Medic 4 All | |
| June 2003 - December 2005 (2 years 7 months) |
| Programmer | |
| Ness ISI | |
| August 1998 - April 2003 (4 years 9 months) |
Education
| Ben Gurion University of the Negev | |
| BS | |
| 1999 / 2002 | |
| Computer Science |
Latest Comments
USD/JPY Takes A Dive And May Continue Lower – Forecast March 26-30
At some point, but in the near future the dollar is under pressure.
ECB Tapers To 60 Billion To December 2017 – EUR/USD Leaps And Then Crashes
Yep, Yellen is up next week
Clinton Wins Debate – Markets Cheer, USD/JPY Rises
Thanks for your comments. It is isn't only the CNN poll but also the reaction in financial markets and the analysis of pundits, which has an influence as well. The critical question is: did the debate move voting intentions? We will get post-debate polls tomorrow and throughout the weekend. The race is certainly close.
NFP Nightmare, Judging Japan And Natural Gas
Thanks Charles! You´re welcome to follow us and hear the podcasts.