Forecasts Euro Weekly Forecast: EUR/USD, EUR/JPY Remain Vulnerable Following Lackluster ECB Meeting Posted onOctober 28, 2023 EUR/USD technicals are hinting at a recovery but we do have a lot of high impact data ahead. EUR/JPY continues to struggle for direction on …
Forecasts Australian Dollar Forecast: The RBA is Ready to Rock but AUD May Still Struggle Posted onOctober 28, 2023 The Australian Dollar remains hostage to the US Dollar as global macro factors outweigh the prospect of the RBA looking to stamp out pesky inflation. …
Technical Analysis GBPUSD keeps a bearish bias with the 100/200 hour MAs stalling the rally (again) Posted onOctober 27, 2023 The GBPUSD is trading up and down today, but the move to the upside today stalled near the 100/200 hour MAs near 1.2154 area. Recall, …
Technical Analysis WTI crude oil futures settle at $85.54 Posted onOctober 27, 2023 The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias …
Technical Analysis EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers. Posted onOctober 27, 2023 The EURUSD buyers tried to tilt the technical bias to the upside today with a move above its 200-hour moving average at 1.0580 and it’s …
Technical Analysis Russell 2000 falls to the lowest since 2020 Posted onOctober 27, 2023 If you needed another reminder that it’s been just tech — and mostly seven stocks — that have been carrying US equity markets, then here …
Central Banks Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3% Posted onOctober 27, 2023 The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth …
Technical Analysis Nasdaq falls sharply this week & falls below 200 day MA, but there is still some hope. Posted onOctober 27, 2023 The NASDAQ index is up 127 points or 1.0% at 12721.65, but this week saw a sharp move lower that took the price below its …
Technical Analysis USDJPY sellers making a play. What does that mean? Where are the risks? Find out here. Posted onOctober 27, 2023 The USDJPY sellers are making a play today with the break below the 150.00 level. Not only was the level a key natural level, but …
Forecasts British Pound (GBP/USD) Weakens Further Ahead of BoE Decision Posted onOctober 27, 2023 The Bank of England is expected to leave interest rates unchanged next week and this will not help Sterling as it drifts towards 1.2000 against …
Central Banks BOJ likely to raise CPI forecast to 2% range – report Posted onOctober 27, 2023 Nikkei is out with a Bank of Japan scoop ahead of Tuesday’s meeting and decision. The Bank of Japan is likely to raise its consumer …