My look at the USDCAD yesterday, outlined the patrons taking management, but in addition highlighted a key cluster of resistance (you can even watch the video there). Read moreAsia FX dips amid Fed uncertainty, yen down as BOJ maintains courseMore particularly, I wrote: The USDCAD patrons are making a play with a transfer above the …
EURUSD falls right into a swing space between 1.04846 and 1.05335 The EURUSD is shifting to a brand new session mortgage within the course of is getting nearer to the 1.0500 degree. The costs attain 1.05153. Read moreAsia FX dips amid Fed uncertainty, yen down as BOJ maintains courseThe pair on Monday will beneath its …
The extra hawkish than anticipated revision to the FOMC Dot Plot final week retains on weighing on the Nasdaq Composite because the market would possibly beginning to be worrying that the Fed may go additional with its tightening cycle and ultimately result in a recession. Fed Chair Powell has additionally admitted that the comfortable-touchdown state …
Nasdaq Composite Technical Analysis – The bearish bias is still intact Read More »
UK: The BoE stored rates of interest unchanged. The central financial institution is leaning extra in direction of protecting rates of interest “higher for longer” however it stored a door open for additional tightening if inflationary pressures have been to be extra persistent. Key financial information like the newest employment report confirmed a really excessive …
GBPJPY Technical Analysis – Lower prices expected Read More »
Crude Oil continues to hover close to the highs as the provision tightness stays on the centre of the market’s focus in the meanwhile. In truth, Saudi Arabia and Russia are sticking with their manufacturing cuts and the resilience in the worldwide economic system is supporting larger oil costs. The bearish case is that the …
WTI Crude Oil Technical Analysis – Key resistance in sight Read More »
The AUDUSD technical story remains largely the similar. The pay remains inside its up-and-down buying and selling vary (see crimson field on the chart under) with a short-term negative bias. The negative technical bias comes as a result of the worth is under the 100 and 200 bar transferring averages on the 4-hour chart between …
The AUDUSD technical story remains the similar, with a negative tilt. Read More »
The USDCHF is shifting increased for the 10 days in 11. The transfer increased right this moment because the pair inside a swing space between 0.9118 and 0.9169. Just above that stage is the 38.2% retracement of the transfer down from the November 2022 excessive to the low reached in July. That retracement stage is …
USDCHF keeps its bulish run, but it pushing toward key retracement resistance Read More »
The USD is buying and selling to new session highs verse the EUR, GBP, CHF, and CAD. The transfer comes as US yields attain to new highs for the day, and shares attain new lows. 2-year yield 5.18% +1.eight foundation factors 5-year yield 4.632% +1.2 foundation factors 10-year yield 4.560% +1.eight foundation factors 30-year yield …
USD makes new day highs vs the EUR, GBP, CHF and CAD Read More »
Earlier, I wrote about constructive seasonal elements in This fall serving to US equities. Here’s the different argument, which I believe is extra compelling. Read moreAsia FX dips amid Fed uncertainty, yen down as BOJ maintains course1) Put your self in the sneakers of a fund supervisor The Nasdaq Composite is up 24.7% year-to-date and …
Two reasons why the selling in the Nasdaq could snowball Read More »