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USDJPY moves to a new session high. Tests the high from Monday

October 11, 2023

The 10-year note auction was sloppy and had spotty demand with a 1.8 basis point tail. As a result, yields have moved a little higher. …

Technical Analysis

EURUSD can’t keep momentum going. Back below 50% midpoint.

October 11, 2023

The EURUSD moved lower after the stronger-than-expected PPI data this morning, but the fall was short-lived and the price snapped back higher. The price higher …

Central Banks

ECB’s Kazaks: The door on rate hikes cannot be closed

October 11, 2023

Interest rates are currently appropriate to get inflation to 2% in H2 2025 but door on rate hikes can’t be closed Talks on mandatory higher …

Central Banks

Fed’s Waller: We will see how higher long-term rates feed into Fed policy

October 11, 2023

Waller is refraining from following Logan and saying that higher long-term rates open the door for steady short-term rates, though he doesn’t sound too far …

Technical Analysis

AUDUSD trading up and down within a range. What defines the range & potential breakpoints?

October 11, 2023

The AUDUSD is trading within a up and down range over the last few trading days. The low stalled near the 50% midpoint of the …

Central Banks

Fed’s Waller set to speak at fireside chat

October 11, 2023

I’m eagerly awaiting for the Fed’s Waller to weigh in on monetary policy at the moment because he’s a hawk and if he signals a …

Technical Analysis

US stocks trading higher despite the higher PPI data

October 11, 2023

The major US stock indices are trading higher despite the higher PPI data released earlier today. US CPI data will be released tomorrow at 8:30 …

Technical Analysis

USDCAD stays in the up and down range. Swing area above. 200 bar MA on 4-hour chart below

October 11, 2023

The work isT.he The USDCAD is remaining within the trading range that has been established since Monday. That range has support against the 200 bar …

Technical Analysis

Kickstart your FX trading on October 11 with a technical look at EURUSD, USDJPY and GBPUSD

October 11, 2023

Kickstart your forex trading with a technical look at the technicals driving the EURUSD, USDJPY and GBPUSD. EURUSD: The EURUSD traded up and down in …

Technical Analysis

Nasdaq Composite Technical Analysis – Key levels in play

October 11, 2023

The events in the Middle East have not impacted the Nasdaq Composite as the market is likely to ignore that as long as the conflict …

Central Banks

ECB’s de Cos: Core inflation has turned a corner

October 11, 2023

More confident that inflation trajectory might lead us to 2% target If rates are maintained for a sufficiently long period, we could get there Market …