Technical Analysis AUDUSD faces pressure at key technical level ahead of RBA rate decision Posted onDecember 4, 2023 The AUDUSD pair is currently facing significant pressure as it tests a key technical level: the 200-hour moving average, located at 0.66048. This level is …
Technical Analysis NZDUSD soars to new high, but is backing off. Traders watching 61.8% retracement. Posted onDecember 4, 2023 The NZDUSD traded to a new high in early Asian trading. The high price extended up to a swing area between 0.62186 and 0.62235. The …
Technical Analysis Russell 2000 continues to show relative strength Posted onDecember 4, 2023 The Russell 2000 appeared to break out Friday and that has continued today, despite a darker tone for broader markets. The Nasdaq is down 1.2%, …
Technical Analysis USDJPY testing crucial moving averages: Will bulls prevail? Or bears hold the line? Posted onDecember 4, 2023 The USDJPY is trading to a new session high and in the process is retesting its 100-day moving average at 147.242. Just above that is …
Technical Analysis USDCAD in neutral territory as price rebounds, traders await the next shove (up or down) Posted onDecember 4, 2023 The USDCAD fell lower last Friday and in the process broke below its 100-day moving average at 1.3565 (blue line in the chart below), it’s …
Technical Analysis Tech Giants take a tumble as NASDAQ stocks plummet Posted onDecember 4, 2023 The US stocks continue to retreat with the NASDAQ index leading the way. The NASDAQ index is leading the way this year with a oversize …
Technical Analysis Aggressive resersal appears on the gold chart Posted onDecember 4, 2023 Gold has traded in a huge range today as it blew out to a record high early in Asia before totally reversing. Now the bulls …
Technical Analysis AUDUSD reverses from a new high as dollar strengthens, RBA meeting the focus Posted onDecember 4, 2023 The AUDUSD moved to a new high going back to August 1 today but has since reversed the lower as the dollar moved higher and …
Technical Analysis USD is running to the upside ahead of the stock open Posted onDecember 4, 2023 The USD is making a run to the upside. Treasury selling are pushing yields toward the highs for the day ahead of the stock open. …
Technical Analysis The JPY is the strongest and the AUD is the weakest as the NA session begins Posted onDecember 4, 2023 The JPY is the strongest and the AUD is the weakest as the NA session begins. The USD is also higher after falling last week …
Central Banks ECB’s de Guindos: Recent inflation data is good news Posted onDecember 4, 2023 It’s been a ‘positive surprise’ But it is too early to declare victory Increase in wages can still have an impact on inflation Monetary policy …