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The EURUSD is lower and so are the EURGBP and the EURJPY. What are the technicals saying?

September 14, 2023

The EURUSD is lower after the ECB rate decision. What about some of the other cross-currency pairs including the EURGBP and EURJPY. In the video …

Technical Analysis

EURUSD tests earlier low for the day

September 14, 2023

US yields have turned back around with the 10 year now up 3.8 basis points at 4.286%, the 2 year yield is modestly higher at …

Technical Analysis

AUDUSD trades the short term retracement levels today. What next?

September 14, 2023

The AUDUSD has been trading up and down in trading today, but technically, the 38.2% retracement of the move down from the September 1 high …

Technical Analysis

Major indices are higher in early US trading

September 14, 2023

The major indices are trading higher to start the trading day. The gains are around 0.4% – 0.5%. A snapshot of the market 4 minutes …

Technical Analysis

Kickstart your forex trading day with a technical look at EURUSD, GBPUSD and USDJPY

September 14, 2023

As traders react to the stronger US data and the ECB rate decision to increase rates by 25 basis points, what are the technical levels …

Central Banks

Lagarde Q&A: Some governors would have preferred to pause and wait on more data

September 14, 2023

Some governors would have preferred to pause and wait on more data A ‘solid majority’ agreed with the decision Three quarters of the rise in …

Central Banks

Lagarde: Rates will remain at sufficiently restrictive levels for as long as necessary

September 14, 2023

Higher inflation forecasts mainly reflect higher energy Rates will remain at sufficiently restrictive levels for as long as necessary Rates were hiked to ‘reinforce commitment …

Central Banks

Does Lagarde’s press conference even matter after the statement?

September 14, 2023

The euro is down despite a somewhat-surprising rate hike because the statement said: ECB considers that key rates have reached levels that, maintained for a …

Technical Analysis

EURUSD moves lower after ECB raises rates by 25 basis points

September 14, 2023

The EURUSD initially moved higher but fell short of its high for the day after the central bank raise rates by 25 basis points. The …

Central Banks

ECB raises key rates by 25 bps in September monetary policy meeting

September 14, 2023

Prior decision Main refinancing rate 4.50% vs 4.25% expected Prior 4.25% Deposit facility rate 4.00% vs 3.75% expected Prior 3.75% Marginal lending facility 4.75% Prior …

Technical Analysis

The AUD is the strongest and the GBP is the weakest as the NA session begins

September 14, 2023

As the North American session begins, the AUD is the strongest and the GBP is the weakest. The USD is mostly lower. The EURUSD is …