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China’s major state owned banks seen selling dollars to buy Yuan

August 9, 2023

China’s major state-owned banks seen selling dollars to buy yuan in the onshore spot foreign exchange market. This according to sources. This article was written …

Technical Analysis

EURUSD sellers lean on the test of the 100 hour MA

August 9, 2023

The EURUSD moved modestly higher in the early trading for the day and reached up to the 100-hour MA at 1.09687. Sellers leaned against the …

Technical Analysis

Japan 10 year yield falls to lowest level since July 28

August 9, 2023

The Japan 10 year yield is trading at new session lows and in the process as a fallen to the lowest level since July 28. …

Central Banks

PBOC sets yuan midpoint at 7.1588/dollar

August 9, 2023

The PBOC set the yuan midpoint at 7.1588 /dollar. That was well below the expected midpoint of 7.2198. This article was written by Greg Michalowski …

Technical Analysis

AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA

August 8, 2023

The AUDUSD traded to a new low since the beginning of June yesterday but bounced higher. Technically, the move to the downside broke back below …

Technical Analysis

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 …