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EURUSD trading range extends, can momentum thrive?

November 21, 2023

The EURUSD is extending its trading range to the downside. The low to high trading range is now up to about 45 pips which compares more favorably …

Central Banks

ECB’s Lagarde: We have made those future decisions conditional on incoming data

November 21, 2023

We have made those future decisions conditional on the incoming data meaning that we can act if we see rising risks of missing are inflation …

Technical Analysis

Gold’s $2000 Surge: Bold momentum pauses at stall point. What next?

November 21, 2023

The price of gold is experiencing a significant upward surge. As of today, it has risen nearly $27, surpassing the $2000 mark and is now …

Technical Analysis

AUDUSD tests key 200 day MA and finds some stall

November 21, 2023

The AUDUSD continued to move to the upside after yesterday breaking above a ceiling area between 0.6500 and 0.65229. The momentum today took the price through …

Technical Analysis

Kickstart your forex trading on November 21 with a look at the EURUSD, USDJPY and GBPUSD

November 21, 2023

In the daily kickstart technical video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – and outline the …

Central Banks

Philadelphia Fed nonmanufacturing business activity index -11 versus -20.3 last month

November 21, 2023

Philadelphia Fed nonmanufacturing index Nonmanufacturing business activity index -11 versus -20.3 last month Firm level business activity +10.3 versus -4.9 last month New orders -8.6 …

Central Banks

BOE’s Bailey: Markets underestimate risk of inflation persistence

November 21, 2023

Markets are putting too much weight on current data releases Need to be concerned about potential inflation persistence Need to cement commitment to 2% inflation …