admin – Page 749

USDCAD has a down, up and down week and is closing the week between MA levels

September 22, 2023

The USDCAD traded down and up and down and up and back down and up this week (see hourly chart below). The high price on …

Technical Analysis

WTI crude oil futures settle at $90.03

September 22, 2023

WTI crude oil futures settle at $90.03, up $0.40 or 0.43%. The high for the day reached $91.33. The low was at $89.31. Brent crude …

Central Banks

The Fed’s Daly (non-voting member): We are closer to our destination

September 22, 2023

San Francisco Fed Pres. Mary Daly is a speaking (nonvoting member): We stood at this week on rates in recognition that we are closer to …

Forecasts

British Pound Weekly Forecast: Respite Unlikely As Fundamentals Wilt

September 22, 2023

Sterling has lost a sizeable amount of fundamental support with the Bank of England holding rates steady. Worsening fundamentals point to an extended selloff Source

Technical Analysis

USDCHF higher this week and back above 200 day MA. What next for next week’s trading?

September 22, 2023

The USDCHF traded sideways and then moved lower on Wednesday before finding support near 0.89347, basing and moving to the upside. The Swiss National Bank …

Technical Analysis

EURUSD bangs against the 100 hour MA for the 2nd consecutive day

September 22, 2023

As the clock ticks to the close for the EURUSD in London/Europ, the pair moved to new session highs, and for the 2nd day in …

Technical Analysis

The AUDUSD and NZDUSD charts are telling the same story. What next?

September 22, 2023

The AUDUSD and the NZDUSD have similar technical stories to tell. Each has seen up-and-down price action over the last 5-6 trading weeks. Each has …

Central Banks

Feds Bowman: Further interest rate increases likely appropriate with inflation still high

September 22, 2023

A second Fed governor is speaking. FOMC member Bowman is on the wires saying: Further interest rate increases likely appropriate with inflation “still too high.” …

Central Banks

Fed Collins: Despite encouraging recent data, inflation remains too high

September 22, 2023

FOMC member Susan Collins is speaking and says: “Optimistic” inflation can fall with only a “modest” rise in unemployment, sees a “widened” pathway to that …

Central Banks

ECB’s de Cos: Underlying inflation is now easing

September 22, 2023

Underlying inflation is now easing Inflation seems to be turning a corner Current interest rate level – if maintained for sufficiently long – is broadly …

Technical Analysis

Kickstart your trading day: A technical look at the EURUSD, USDJPY and GBPUSD

September 22, 2023

The Bank of Japan kept rates unchanged overnight. That led to a rebound higher in the USDJPY and for a retest of the high prices …