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USDCAD can’t get – and stay -above the 100 hour MA. The lows from Friday and Monday eyed.

June 21, 2023

The USDCAD has it tried to move above its 100 hour moving average on a number of occasions, but fails before reaching its 200 hour …

Central Banks

Fed Powell: It may make sense to move rates higher at more moderate pace

June 21, 2023

Fed Q&A testimony has begun: Level for rates and speed of hikes are separate It may make sense to move rates higher, at more moderate …

Central Banks

ECB’s Nagle”: Confident that inflation will come back to target

June 21, 2023

ECBs Nagel is on the wires saying: Confident that inflation will come back to target There is still a way to go until then We …

Technical Analysis

USDCHF stalls at the 200 hour MA on rise today. Key resistance target above today.

June 21, 2023

The USDCHF moved up to test it 200-hour moving average in trading today near the 0.8997 level and found willing sellers. Also near the area …

Central Banks

Watch Fed Chair Powell testimony LIVE

June 21, 2023

The Fed Chair Powell will testify before the House Financial Services Committee on monetary policy at the top of the hour. The prepared text which …

Technical Analysis

GBPUSD falls despite higher CPI today, but finds support at the 200 hour MA

June 21, 2023

The GBPUSD moved lower despite stronger CPI data in the UK today. That move to the downside took the price near the 200 hour moving …

Technical Analysis

USDJPY holds 100 hour MA on the downside defining support.What is the next topside target?

June 21, 2023

The USDJPY moved lower in trading yesterday and in the process tested its 100-hour moving average, finding support buyers there. In the Asian session today, …

Technical Analysis

There is room to roam in the EURUSD as the markets prepare for the Fed Chair testimony

June 21, 2023

The EURUSD is stuck in a narrow 28 PIP trading range for the day so far as the markets prepare for Fed chair Powell’s testimony …

Central Banks

Powell: Process of getting inflation back to 2% “has a long way to go”

June 21, 2023

Nearly all FOMC participants expect it will be appropriate to raise rates somewhat further by year end Seeing some effects of tightening but it will …

Technical Analysis

The CAD is the strongest and the AUD is the weakest as the NA session begins

June 21, 2023

The CAD is the strongest and the AUD is the weakest as the North American session begins. The GBP is also weaker despite higher CPI …

Technical Analysis

GBPJPY Technical Analysis

June 21, 2023

Considering today’s hot CPI report and the recent incredibly strong Employment report with high wage growth, the Bank of England (BoE) will continue to raise …