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MUFG: BOE’s decision to slow tightening likely precedes a final hike in September

August 3, 2023

In the wake of the Bank of England’s latest monetary policy decision, MUFG has shared its analysis, suggesting that while the pace of tightening has …

Technical Analysis

AUDUSD corrects higher today and retests a broken swing area

August 3, 2023

The AUDUSD is trading up and down today. The price has moved up more recently extended to a new session high. In the process, the …

Cryptocurrency

Mad admits to being the original Bitfinex hacker

August 3, 2023

The original Bitfinex hacker has finally been identified. Ilya “Dutch” Lichtenstein, a resident of New York, has admitted to being the original Bitfinex hacker. The …

Technical Analysis

USDCAD sellers push lower but fall stalls at earlier low and retracement target

August 3, 2023

The USDCAD moved higher earlier in the day and in the process, was able to extend below the 50% midpoint of the move down from …

Central Banks

NatWest cuts Bank of England peak rate to 5.50% from 6.00%

August 3, 2023

The tone from the Bank of England was less-hawkish today and that’s led NatWest to cuts its terminal peak rate forecast to 5.50% from 6.00%. …

Sentiment

AUD/USD IG Client Sentiment: Our data shows traders are now at their most net-long AUD/USD since Oct 08 when AUD/USD traded near 0.64.

August 3, 2023

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading …

Technical Analysis

USDCHF retests the 100 hour MA again, and finds willing buyers.

August 3, 2023

The USDCHF moved above the 50% midpoint of the move down from the end of June high at 0.8784 in the European session, but could …

Technical Analysis

USDJPY moves lower despite the rise in yields. Support on the daily tested.

August 3, 2023

Despite yields moving higher (curve steepening continues to drive the debt market), the USDJPY is moving to a new session low and in the process …

Technical Analysis

Major US stock indices are opening lower as yields continue their march higher

August 3, 2023

US yields continue to move higher with the longer and outpacing the short end. The 30-year yield is up 12.4 basis points to 4.288% (the …

Technical Analysis

EURUSD continues to toy with the 100 day MA on the downside

August 3, 2023

The EURUSD has traded in an up-and-down trading range today. On the downside, the price continues to toy with its 100-day moving average. That level …

Technical Analysis

GBPUSD technicals are settling between 1.2600 below and 1.2700 above. Sellers in control.

August 3, 2023

The BOE has come and gone. The BOE raise rates by 25 basis points. Some expected 50 before the decision. The price of the GBPUSD …