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Technical Analysis

The AUDUSD is back below the longer-term 200 & 100 day MAs tilting the technical bias down

As we finish the trading week and look toward the new trading week, the sellers are more in control in the AUDUSD. The bias is …

The Bank of Japan is “on the tightest of tightropes above the pit of alligators”

As the dust settles from the Bank of Japan USD/JPY is rising above 141.00 and I think that’s the right trade. A week ago, I …

Technical Analysis

USDJPY makes a new week low today, then tests the high for week. What’s up for next week?

The USDJPY traded to a new low today, and also equaled the high for the week. The day has been volatile, but is more bullish …

Former ECB VP says ‘no need for more hikes’

Former ECB VP Vitor Constâncio today highlighted the latest survey for processional forecasters and highlighted that it showed Q4 inflation around 3% and 2% in …

Canadian Q2 GDP is tracking at about 1%

Today’s May Canadian GDP report met expectations at +0.3% but the advance estimate for June was -0.2%. With that, CIBC calculates that growth in the …

Technical Analysis

As Europe heads home, what are the EURUSD technicals telling us for next week’s trading?

As the week comes to a close in Europe, what does the price action from the EURUSD this week tell us about next week’s trading. …

Forecasts

British Pound (GBP) Forecast: GBP/USD and EUR/GBP as the BoE Looms Large

After some market moving decisions from three of the major central banks this week, the Bank of England will be in the spotlight next Thursday. …

Atlanta Fed GDPNow model starts Q3 growth at 3.5%

The Atlanta Fed GDPNow model which forecasts growth for the quarter from published data has started its Q3 estimate at 3.5%. In their own words: …

Technical Analysis

GBPUSD this week stayed within support and resistance targets. Trades near neutral levels.

It is Friday, so it is a good time to look back at the price action this week and then look forward to what the …

Technical Analysis

USDJPY has a volatile up and down day as traders digest BOJ move(and other data this week)

The Bank of Japan met and eased their yield curve control on the 10 year effectively expanding their tolerance by a further 50 basis points …

Technical Analysis

EURUSD corrects higher into overhead resistance

The EURUSD has corrected higher in trading today and the softer-than-expected core PCE data helped to push the price to a new high for the …