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JP Morgan expect Bank of England rate cycle over, but point out 2 risks to this view

September 21, 2023

The Bank of England held its benchmark steady at Thursday’s Monetary Policy Committee meeting: ForexLive European FX news wrap: SNB and BOE surprise by keeping …

Technical Analysis

WTI crude futures settle at $89.63

September 21, 2023

The price of WTI crude futures are settling at $89.63. That’s down $0.03 or -0.03%. Technically looking at the hourly chart above, the price settlement …

Technical Analysis

NZDUSD corrects higher off lower swing area today and test 4-hour MA levels

September 21, 2023

Like the AUDUSD, the NZDUSD has been mired in an up-and-down trading range for a number of weeks. Looking at the 4-hour chart below, the …

Sentiment

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Sep 14, 2023 10:00 GMT when France 40 traded near 7,344.90.

September 21, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian …

Central Banks

More from Bank of England’s Bailey: Good news that inflation in the UK is coming down

September 21, 2023

Bank of England’s Bailey is on the speaking circuit today after the central bank kept rates unchanged. His most recent comments have him saying: Good …

Technical Analysis

AUDUSD bias shifts to the downside on the move below MAs on 4-hour chart. What next?

September 21, 2023

The AUDUSD has been in an up-and-down trading range over the last 6 or so trading weeks. The low of the extreme comes in near …

Technical Analysis

GBPUSD moves higher and back toward key resistance

September 21, 2023

The GBPUSD has continued its corrective move higher and currently trades at 1.2300. That takes price closer to the swing low from the end of …

Technical Analysis

USDCAD runs higher breaking above its 200 day moving average in the process. What next?

September 21, 2023

The USDCAD fell yesterday and in the process tested its 100-day moving average at 1.33975. On Tuesday the price fell below that moving average only …

Technical Analysis

EURUSD moves to the 100 hour MA and finds sellers

September 21, 2023

In the morning kickstart video, I spoke of the upside potential from a technical perspective for the EURUSD. The move was based off the rebound, …

Technical Analysis

USDJPY falls below the 100 hour moving average and 200 hour moving average

September 21, 2023

USDJPY The USDJPY tried to move below its 100-hour moving average yesterday, and again today, and each time the price bounced higher. In the morning …

Technical Analysis

USDCHF trades above its 200 day MA for the 1st time since November 2022

September 21, 2023

The Swiss National Bank Rates unchanged which was unexpected. The market had expected a 25 basis point hike. The move snapped a 5-meeting string of …