Technical Analysis S&P index trades to a new high for the year Posted onJune 30, 2023 As a market heads into the close for the week, month, and quarter, the S&P today is extending to new highs for the year. The …
Technical Analysis NZDUSD trades to new highs and tests 200 hour MA Posted onJune 30, 2023 The NZDUSD has not escaped the USD selling today. The pair is up 1.15% on the day (NZD higher/USD lower). At current levels, it’s the …
Central Banks Dallas Fed Trimmed mean price index falls to 3.2% annualized versus 4.3% in April Posted onJune 30, 2023 The Dallas Fed trimmed mean price index falls to 3.2% annualized versus 4.3% in April. The level is the lowest since April 2022 when it …
Technical Analysis EURUSD technical update: The EURUSD fails above 200 hour MA Posted onJune 30, 2023 The EURUSD ran through resistance up to 1.0896 when I looked at the EURUSD earlier. That gave buyers more control and they took the price …
Technical Analysis USDCAD can’t extend above swing area resistance, and backtracks lower to 100/200 hour MAs Posted onJune 30, 2023 The USDCAD moved up to test a swing area between 1.3271 and 1.3285 on Wednesday, and again yesterday on 2 separate tests. The high price …
Technical Analysis The AUDUSD moves above the falling 100 hour MA. First trades above since June 20 Posted onJune 30, 2023 The AUDUSD has moved above the 100-hour moving average of 0.66485. That is the first trade above that moving average since falling below on June …
Central Banks Bank of Canada Q2 business outlook survey sees improving inflation expectations Posted onJune 30, 2023 64% of firms expect inflation to remain above 3% for the next two years, down from 79% in Q1 survey Demand for labor is softening …
Technical Analysis GBPUSD moves back above technical levels as USD falls. Back above key swing area. Posted onJune 30, 2023 The GBPUSD has snapped back to the upside after tamer core PCE data. The move to the upside comes after the pair tested a swing …
Central Banks Former ECB vice-president says the hiking cycle will end in July Posted onJune 30, 2023 Former ECB vice president Vitor Constancio says that falling inflation means that the final rate hikes from the Federal Reserve and ECB will be in …
Forecasts The British Pound Q3 Fundamental Outlook – Rates and Recession Posted onJune 30, 2023 The Bank of England is trying to balance future interest rate hikes against a possible recession Source
Cryptocurrency Bitcoin tumbles below the $30,000 level after SEC news. What next technically? Posted onJune 30, 2023 The SEC headlines on bitcoin sent the digital currency sharply to the downside. The price which reached a high of $31,260 moved down to a …