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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 …

Central Banks

ECBs Knot: Does not expect a rate hike at next policy meeting

September 21, 2023

ECBs Knot is now weighing in. He says: Does not expect a rate hike at next policy meeting comfortable with current interest rates ECB will …

Central Banks

BOE Bailey: The jobs not done yet

September 21, 2023

BOE’s Bailey is chirping after the central bank kept rates unchanged: The jobs not done yet Not predicting what next bank rate move will be …

Central Banks

ECBs Wunsch: Whether we need to do more or not is a very difficult question

September 21, 2023

ECBs Wunsch speaking at a Reuters global markets forum says: Whether we need to do more or not is a very difficult question. Have greater …

Central Banks

ECB’s Vujcic: As prices ease, 4% rates will be more restrictive

September 21, 2023

ECBs Vujcic is on the wires saying: As prices ease, the 4% rate will be more restrictive If outlook holds won’t need any more rate …

Technical Analysis

The JPY is the strongest and the CHF is the weakest as the NA session begins

September 21, 2023

The JPY is the strongest and the CHF is the weakest as the NA session begins. The USD is stronger. Those are what the numbers …

Technical Analysis

Nasdaq Composite Technical Analysis – Key support in sight

September 21, 2023

Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not …