Technical Analysis EURUSD cracks below the 200 hour MA for the first time since July 7 Posted onJuly 20, 2023 The EURUSD is breaking to a new low and is now below the 200-hour moving average 1.11544. As outlined in the morning video (click on …
Central Banks Here is the path to a 6% Fed funds rate — and beyond Posted onJuly 20, 2023 There is an interesting debate about whether July or September will be the final Federal Reserve rate hike of the cycle but for markets it …
Analyst Picks AUD/NZD Preps for Golden Cross Posted onJuly 20, 2023 AUD/NZD is setup both fundamentally and from a technical analysis standpoint to push higher. Source
Technical Analysis USDJPY breaks above the 140.00 level. What next? Posted onJuly 20, 2023 The USDJPY is breaking above the 140.00 level. There was a bunch of option expiry’s at the 140.00 level today and after 10 AM ET …
Technical Analysis The USDCHF is moving higher. Higher yields are help the bias, but work to do technically Posted onJuly 20, 2023 The USDCHF is making a break to the upside after extending above the 100-hour moving average at 0.85913 (blue line in the chart below). The …
Technical Analysis The GBPUSD sellers are taking the price below the 50% midpoint. Can the momentum continue? Posted onJuly 20, 2023 The GBPUSD moved sharply lower yesterday after better UK CPI data. The run to the downside stalled against the 50% midpoint of the move up …
Technical Analysis The EURUSD chart now looks like the chart yesterday. What is needed to change the view? Posted onJuly 20, 2023 The EURUSD chart (at this point at least), looks like the chart (and video) from yesterday. The price has moved below the 1.1184 level after …
Technical Analysis Nasdaq Composite Technical Analysis – Key Level in Sight Posted onJuly 20, 2023 Following the miss across the board in the US CPI report, the market is increasingly confident that we are heading towards a soft landing. Such …
Technical Analysis The AUD is the strongest and the GBP is the weakest as the North American session begins Posted onJuly 20, 2023 The AUD is the strongest and the GBP is the weakest as the North American session begins. The GBP is continuing the decline started yesterday …
Technical Analysis GBPUSD Technical Analysis – Bulls and Bears are Watching a Key Level Posted onJuly 20, 2023 Last week the US CPI report missed across the board and led to a strong rally in GBPUSD as the market priced out the more …
Sentiment FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since May 24, 2023 when FTSE 100 traded near 7,626.60. Posted onJuly 20, 2023 Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian …