Last month, I had the pleasure of speaking with a new traders community. Led by Carl Burgette, The Trader’s Vibe is a new weekly video podcast series where Carl interviews notable and prominent traders every week. To be considered notable and prominent in this business is truly an honor so I was happy to join him on the show. As with any new community, we spent much of the time talking about my background and how I entered into finance (which is a very unorthodox path, to say the least). Of course, we talked markets and what I was seeing at that time in the GBP. However, this was the first time that I was asked about how I’ve been treated as a woman in the business and my thoughts on bringing more women and people of color into finance.
Catch my episode of The Trader’s Vibe below. Enjoy!
If you are interested in learning how to read and analyze stock & forex charts on your own, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.
I joined Market Overtime with Nicole Petallides to talk about the longer term trends presenting right now in the currency markets. This was my first time on the show. Weak GBP remains the prevailing theme in forex right now. Listen to hear why. Enjoy!
If you are interested in learning how to find and use these levels in your trading, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.
Today, I spoke live with over 200 traders in the Forex Analytix Community Experience (F.A.C.E.) about what the opportunities are in GBP for the new trading week ahead. With multiple pairs ending the previous trading week at major support levels, there were several great opportunities to share with traders live in the market on camera. That’s always great. I hope everyone who caught me live is doing some trade management now on those trades. We have some great moves already in the $GBPUSD and $GBPJPY. In case you missed it, do study the replay below.
If you are interested in learning how to find and use these levels in your trading, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.
When my friends at Forex Analytix asked me to join their amazing speakers line up, I was thrilled. I was honored to join the event on April 30, 2020 and speak with new traders, in particular, about how to be successful in the forex market and help all traders with some insights on the GBP. Watch the replay of my presentation below and find the entire 2-day event on their Youtube page.
Last week, I was back on the air with Futures with Ben Lichtenstein. Since we are still in the new year season, it was a great segment that they produced as a trip around the world in currencies. Starting with the U.S. dollar, Ben and I talked about the fundamentals that are really driving currency flows in the market right now.
This morning, traders were greeted by news that the EU and UK trade talks are deteriorating. I actually mentioned this fundamental risk last week in my segment with Ben. Check out more of my thoughts on all the major currencies below. My accuracy coming to fruition this week is even amazing to me 🙂
I was happy to be back with Dale Pinkert at the ForexAnalytix Community Experience last Thursday morning. But super bummed that we got cut off due to technical difficulties. It was my fault (note to self: always charge up the computer before a show).
Amongst our forex talk, Dale and I also started talking about the coronavirus’s possible effects on the markets. As of last week, the markets had not really reacted to the news. However, I mentioned that I thought we would see a sell-off eventually induced by the coronavirus outbreak. So I welcome today’s price action. I don’t think it is a time to panic. It is a time to put orders in place and trigger your trading and investing plans.
The New Zealand dollar has been in perpetual downtrend for much of 2019. It didn’t start the new decade any differently as the kiwi has slid almost 300 pips agains the U.S. dollar and a whopping 1,000 pips against the Great British pound.
On the bigger timeframes, it is clear that the $GBPNZD is finding resistance at the big 123% Fibonacci extension level. The 2.05 resistance level is also not too far from that level giving some strong resistance confluence for bulls. This area continues to provide a headwind for bulls, even in this new week of trading.
A key driver of NZD weakness last year was the slashing of interest rates by the Reserve Bank of New Zealand (RBNZ). The RBNZ cut interest rates by 100 basis points last year with two 50 basis point cuts. That’s a lot. And those 2 interest rate cuts came within 3 months of each other. So the RBNZ really surprised markets last week. Though they kept interest rates on hold at 1%, they were more hawkish than expected in their monetary policy statement. Despite the coronavirus outbreak worrying central banks around the world right now, the RBNZ is more optimistic about employment and the economy than it had been in 2019 as inflation moves closer to the RBNZ’s target. The biggest influence to this change in outlook, however, has been new fiscal policy from the New Zealand government around infrastructure spending. The central bank expects this to boost consumer spending and GDP which is only good news for the NZD.
Despite the rosier fundamentals, the market has not taken much notice. Yet. The $GBPNZD remains rangebound between the 123% Fibonacci level at 2.0409 and the major 2.00 support level. The shift in fundamentals favors more downside moves in the $GBPNZD as the NZD should start to move higher. Look for rallies to continue to be met with sellers at the resistance level. Only a hold above the 2.05 level changes the downside bias in $GBPNZD.
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On Monday, October 14, 2019, I joined Dale Pinkert on the Forex Analytix Community Experience to speak about the rally in the GBP at the end of the last trading week. I spoke about how the GBP had much more room to run given how the new turn of events in Brexit has changed the fundamental landscape for the GBP.
Unbelievably, all of my calls made on Monday have already been hit and this trading week hasn’t even ended yet. Better yet is news that hit the wires this morning that the EU has accepted the UK’s deal. Now, it is in the hands of the UK Parliament. Keep eyes on how this plays out. It will most certainly drive market flows in the short term for the GBP.
Check out also my levels and technical analysis during my segment and enjoy the show! Make sure you watch to the end to hear my commentary on the S&P 500 and equity markets.
On Wednesday, July 3rd, an hour after my appearance the TD Ameritrade Network, I was back on the air with Dale Pinkert and the Forex Analytix Community (F.A.C.E.). We talked about the current breakdown in the Great British pound, looking specifically at levels of importance in the $EURGBP, $GBPUSD, $GBPCAD, $GBPNZD, and the $GBPAUD.
Dale is a veteran in the business and masterful interviewer. He asked some great questions about the trading courses that I have available and how clients fare with my investment advisory services. So you learn about that too!
