Joe Perry FOREX.com @JoeP_FOREXcom
Market Analyst Joe Perry for @FOREXcom Views are my own and not those of https://t.co/rcigxiPwLg. Content is not advice. Losses can exceed your deposits. forex.com/en-us/ Joined January 2021-
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Blockade "could be" lifted 3 months from now 🤔
Trump: Could have the blockade of Iran lifted by Labor Day
📈📉DAILY MARKET VIDEO📈📉 🇮🇷 New week, same lack of progress on US-Iran MoU - traders grow increasingly nervous 🤔 Busy week for economic data, highlighted by EZ CPI tomorrow & NFP on Friday 🇨🇳 $USDCNH hits a 3-year low - see the next levels to watch! 👇
Going Live in Five! 👇
**Reminder: Weekly Technical Outlook Webinar Tomorrow Morning at 8:30am ET! Interactive Session: register.gotowebinar.com/#register/7158… Live Stream on YouTube: youtube.com/watch?v=nwk9kx…
#EURUSD: Currency Pair of the Week More 👉 forex.com/en-us/news-and…
British Pound Forecast: GBP/USD Recovery Faces First Major Test forex.com/en-us/news-and… $GBPUSD Weekly Chart
Good chart here 👇 I've highlighted repeatedly that looking at only $USDJPY masks the weakness in the yen with e.g. $GBPJPY at ~20yr highs, $EURJPY at ~40yr highs etc.
These charts show a longer-term view for both the nominal and inflation-adjusted FX rates—the trade-weighted real JPY is trading at the lowest level since 1971.
The video of my week ahead analysis: Watching VIX and Volatility as Market Deals with US-Iran and Liquidity youtube.com/watch?v=bNJUaE…
Iran Foreign Ministry: Deal Not Close Difference between Iran and the United States are Deep and Significant No Imminent Agreement Spokesperson: We cannot say we will definitely reach a conclusion, diplomacy takes time. . Details related to nuclear issue are not being discussed at this stage. .
And then there's this. . . Iran's President says Tehran, "wont' back down" in negotiations. . . Rinse, wash, repeat. . .
Iranian media sources reporting an agreement between US & Iran. . . Announcement potentially within hours. .
Iranian media sources reporting an agreement between US & Iran. . . Announcement potentially within hours. .
Walmart - now the 10th largest US market cap stock - reported earnings this morning. As is standard in GAAP, they beat top line. But bottom-line met and tax returns offsetting higher gas prices not sustainable. $WMT down -7%, worst loss since Nov 16, 2023
Fed Minutes: Many preferred removing easing bias from statement. Many participants commented on developments in the private credit sector. Majority saw hike likely warranted if inflation persists. Some were concerned inflation expectations could de-anchor.
Swiss Franc Short-term Outlook: USD/CHF Breakout Faces First Major Hurdle forex.com/en-us/news-and… $USDCHF Daily & 240min Charts
Full version of video on our UT channel, also contains TA on #Nasdaq100: youtu.be/bENPlL1ZqYI?si…
Weekly Outlook Going LIVE in Five!
**Reminder: Weekly Technical Outlook Webinar Monday Mornings at 8:30am ET! Interactive Session: register.gotowebinar.com/#register/7158… Live Stream on YouTube: youtube.com/watch?v=YCX9A0…
US Dollar Technical Forecast: USD Rebound Pressures Resistance—May Range Breakout in Focus forex.com/en-us/news-and… $DXY Weekly Chart
Going Live in Five! 👇
**Reminder: Weekly Technical Outlook Webinar Tomorrow Morning at 8:30am ET! Interactive Session: register.gotowebinar.com/#register/7158… Live Stream on YouTube: youtube.com/watch?v=r1ObSB…
US April ADP employment prints at +109K vs +99K expected
Japanese Yen Short-term Outlook: USD/JPY Bulls Eye Yearly High- Fed on Tap forex.com/en-us/news-and… $USDJPY Daily & 240min Charts
Powell took over as chair on Feb 5, 2018 10 year low was set a week later in $USD $DXY and we haven't been back down there since
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