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AUDUSD can’t pick itself up off the lows. New lows for the year for the pair.

August 16, 2023

In an earlier video on the AUDUSD, I talked to the possibility of a bounce in the AUDUSD. The pair is oversold. The RSI was …

Central Banks

Summary of FOMC meeting: Most thought inflation risks could require additional rate hikes

August 16, 2023

The Federal Reserve meeting minutes of 4 the July 2023 meeting: Uncertainty of U.S. economic outlook remains elevated; future Federal Reserve policy decisions to be …

Technical Analysis

EURUSD looks to test the 61.8% retracement or the move up from the end of May low

August 16, 2023

The EURUSD is moving to a new session low and in the process is looking to test that 61.8% retracement of the move up from …

Technical Analysis

USDJPY extends to a new session high. Breaks above swing area high at 145.90

August 16, 2023

The USDJPY is trading to a new session high and in the process is breaking above the 146.000 level for the first time since November …

Technical Analysis

Buyers and sellers are battling it out in the USDCHF. What would tilt the bias?

August 16, 2023

Buyers and sellers are battling it out in the USDCHF. There is resistance between 0.8805 and 0.8819. The high price today stalled within that area. …

Analyst Picks

Short WTI Following Wedge Breakout

August 16, 2023

WTI appears vulnerable following wedge breakout. Are we finally in for a deeper retracement? Source

Technical Analysis

AUDUSD is oversold technically, but can the buyers muster the needed momentum higher?

August 16, 2023

The AUDUSD is oversold technically. If you looked at the hourly chart, the RSI (relative strength index -see chart below) is diverging after reaching oversold …

Central Banks

PBOC-backed paper: Recent yuan fluctuations are normal

August 16, 2023

Expectations on the yuan exchange rate are stable There is some growing angst about the decline in the yuan, particularly as a reason not to …

Technical Analysis

RBNZ kept rates unchanged, remains concerned on inflation, but technicals remain bearish

August 16, 2023

The RBNZ cap rate unchanged today for the 2nd consecutive meeting. A summary of the decision: The committee has observed that the prevailing interest rate …