Technical Analysis Crude all trades to a new low as it breaks $78. Lowest level since July Posted onNovember 7, 2023 Crude oil is breaking to a new session low. The price just traded to $77.53. That’s down $3.29 on the day. In the process, the …
Technical Analysis GBPUSD retests its 100 hour MA. Key level for all traders. Here’s why.. Posted onNovember 7, 2023 The GBPUSD is back near session lows, and in the process is testing a key technical barometer at its 100 hour moving average. The moving …
Technical Analysis USDCAD rebounds higher and retraces 50% of the move down from last week’s high. What next? Posted onNovember 7, 2023 The USDCAD raced lower last week and continued that fall yesterday to a low of 1.36284. However, the move lower stalled, and the price moved …
Technical Analysis NASDAQ index moved back above its 100 day moving average. Can it stay above? Posted onNovember 7, 2023 As Adam points out, the NASDAQ index is on pace for its 8 consecutive day to the upside. Today, the index is up nearly 1% …
Technical Analysis EURUSD bounces off the 38.2% retracement & 100H MA support for 2nd time. Were you there? Posted onNovember 7, 2023 The dip buyers against the 38.2% were joined by the 100-hour moving average near the 1.0664 level. Traders leaned against that level as risk can …
Central Banks Fed’s Waller: The labor market is getting close to average from before the pandemic Posted onNovember 7, 2023 Waller is back with more comments at a St Louis Fed conference. Labor market is cooling and getting close to average from before the pandemic; …
Technical Analysis AUDUSD falls after RBA rate hike. Shift to a less hawkish stance leads to the fall. Posted onNovember 7, 2023 The Reserve Bank of Australia height rates by 25 basis points to 4.35% overnight. The move initially sent the AUDUSD higher, but right into it …
Central Banks No comments on monetary policy from the Fed’s Waller Posted onNovember 7, 2023 The topic of his speech was “using economic data to understand the economy” at a St Louis Fed conference but he didn’t touch on the …
Central Banks Feds Barr up next, but…. Posted onNovember 7, 2023 Fed’s Barr, Board of Gov. member in charge of supervision, is scheduled to speak shortly, but is expected to be focused on Financial technology. Nevertheless, …
Technical Analysis Kickstart your FX trading for November 7 with technical look at EURUSD, USDJPY and GBPUSD Posted onNovember 7, 2023 In this morning video on November 7, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What …
Central Banks Fed’s Kashkari: Have to let inflation and labor data guide us Posted onNovember 7, 2023 Fed may have to do more to get US inflation back to 2% – Kashkari FULL STORY The Federal Reserve may have to do more …