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Fed’s Williams does not rule out possibility of rates cuts next year

August 7, 2023

Inflation is coming down as hoped Expects unemployment to rise slightly as the economy cools, personally sees unemployment rate rising above 4% next year Does …

Technical Analysis

Dow Jones Technical Analysis – Risk of a fakeout is ominous for the Bulls

August 7, 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

Russell 2000 Technical Analysis – The rejection of the key resistance is ominous

August 7, 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

S&P 500 Technical Analysis – These levels will be key for the next direction

August 7, 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

USDJPY trades to a new session high

August 7, 2023

The USDJPY opened up near its 200-hour moving average at 141.70 and did break below that moving average level and the 38.2% retracement of the …

Market Outlook - Asian Market

Asia Day Ahead: Asia on a Cautious Tone Following Wall Street’s Reversal: Nasdaq 100, USD/JPY, AUD/USD

August 7, 2023

An initial move higher in Wall Street last Friday eventually faded into the close, as market participants took the opportunity for further profit-taking into the …

Technical Analysis

EURUSD dips back below its 200 hour moving average at 1.1001

August 7, 2023

The EURUSD broke above its 200-hour moving average for the 1st time since July 20 during Friday’s trade and extended upward toward the high from …

Central Banks

PBOC set USD/CNY central rate 7.1380 versus expected 7.1656

August 7, 2023

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade …

Technical Analysis

AUDUSD buyers are making a play with a test of the 100 hour MA

August 7, 2023

The AUDUSD reached Lowe’s on Thursday of last week going back to June 1, 2023. However, the last few days have seen an up-and-down move …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1656 – Reuters estimate

August 7, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

The BOJ Summary of Opinions from the last monetary policy meeting on July 27/28th

August 6, 2023

Below are the summary of pages from the Bank of Japan’s joyous trade decision One member said BOJ needs to patiently continue with monetary easing …