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GBPUSD trades between its 100 and 200 hour MAs and awaits the next shove.

August 8, 2023

The GBPUSD trading between its 100 hour MA below and its 200 hour MAs. As a result, the technical bias is neutral in the short …

Technical Analysis

The USDJPY buyers need to break above 143.54 to increase the bullish bias. Why?

August 8, 2023

The USDJPY moved sharply higher yesterday in the Asian session and ran into a resistance target between 143.44 and 143.54. In fact the high prices …

Technical Analysis

For the EURUSD today, the 100 hour MA is resistance, and the 100 day MA is support.

August 8, 2023

Yesterday the 100-day moving average held support near session lows during training yesterday, and the price rotated higher into the close. That 100-day moving average …

Cryptocurrency

Fresh banking troubles provide a fresh bid for bitcoin

August 8, 2023

Bitcoin is in the midst of its best day in almost a month. It’s up 2.3%, or $752 to $29,925 as it threatens to retake …

Central Banks

Fed’s Harker: We will probably start cutting rates sometime next year

August 8, 2023

We don’t want to overdo it on rates These are the most-dovish comments from any Fed member since the start of the hiking cycle. This …

Central Banks

Fed’s Barkin: GDP remains solid and labor market is ‘remarkably resilient’

August 8, 2023

Inflation remains too high Barkin is a Fed centrist like Harker but isn’t signalling any preference for a pause. This article was written by Adam …

Central Banks

More from Harker: We’re going back to a more-normal circumstance

August 8, 2023

Fiscal stimulus is burning off Supply chain issues are starting to heal Our forecast is not that inflation might spike back up This article was …

Central Banks

Fed’s Harker: I believe we may be at the point where we can hold rates steady

August 8, 2023

Barring ‘alarming’ new data by mid-Sept, I believe we may be at the where we can be patient and hold rates steady. Should we be …

Technical Analysis

USDJPY Technical Analysis – US CPI in focus

August 8, 2023

Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as …

Technical Analysis

NZDUSD Technical Analysis – The sellers are eyeing new lows

August 8, 2023

Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as …

Analyst Picks

XAU/USD Price Forecast: Gold Bulls Stalk Falling Wedge

August 8, 2023

Gold prices could be in for an imminent rebound as bullish technical patterns unfold. Source