admin – Page 830

Fed’s Collins: We are near or perhaps at a sufficiently restrictive level of rates

August 10, 2023

Nick Timiraos is out with a new article in the Wall Street Journal and he cites an interview with the Fed’s Collins from Monday and …

Sentiment

FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Aug 02, 2023 08:00 GMT when FTSE 100 traded near 7,548.40.

August 10, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian …

Central Banks

Fed’s Daly: CPI data was as expected, it’s good news for families and businesses

August 10, 2023

We are committed to getting core inflation down There’s a lot more info coming in before I see slowing in the economy but we’re not …

Market Outlook - European Market

Crude Oil Catapults to New Highs While the US Dollar Steadies Ahead of CPI. Higher WTI?

August 10, 2023

Crude oil prices broke above resistance yesterday and has held the high ground today as markets eye US CPI figures due later. If it’s an …

Technical Analysis

EURJPY pushes against ceiling area. Key area for both buyers and sellers in the pair.

August 10, 2023

The EURJPY has seen up-and-down price action this week, but the most recent move has been to the upside and in doing so, has the …

Technical Analysis

AUDUSD sellers in control. Find out why in this technical video analysis.

August 10, 2023

The AUDUSD sellers are near lows for August and also below a key swing area on the daily chart going back to September 2022. That …

Central Banks

PBOC sets yuan midpoint at 7.1576/dollar vs last close of 7.2114

August 10, 2023

The Reuters estimate for the yuan midpoint was 7.2023, but the actual midpoint has been set lower at 7.1576/dollar. That compares to the last close …

Technical Analysis

The buyers & sellers are battling it out from different viewpoints in GBPUSD. What next?

August 9, 2023

As the clock ticks toward the key US CPI report tomorrow, the GBPUSD bias is a bit more bearish in the short term as the …

Technical Analysis

It is time to get ready for the US CPI. What levels are key for the EURUSD?

August 9, 2023

If you are serious about trading, key economic releases like the US CPI data provide an opportunity after the fact. They provide a more risky …

Technical Analysis

USDJPY ticks to a new high and moves away from a key swing area in the process

August 9, 2023

The USDJPY is ticking to a new high and is up for the 3rd consecutive day. In the process, the price is extending above a …

Technical Analysis

Ethereum Technical Analysis – Bounce on a key support

August 9, 2023

Ethereum, like its big brother Bitcoin, continues to surprise as it remains resilient to many headwinds. Yesterday we saw a big rally after some banking …