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BoA believes 2024 could be a transformative year for the Japanese yen (JPY) – pressured

July 18, 2023

Bank of America believes that 2024 could be a transformative year for the Japanese yen (JPY) with the implementation of the expanded NISA (Nippon Individual …

Central Banks

Economic calendar in Asia 19 July 2023 – New Zealand Q2 inflation data

July 18, 2023

The Reserve Bank of New Zealand has very strongly signalled its on hold for now, so unless the CPI is extremely ugly (well above expected) …

Technical Analysis

NASDAQ and Dow Industrial Average now up greater than 1%

July 18, 2023

The Dow industrial average is working on a six-day winning streak. The NASDAQ and S&P have been up 5 of the last 6 days coming …

Technical Analysis

WTI crude oil futures to settle at $75.75. That’s easy to remember

July 18, 2023

The price of WTI crude oil recovered to the upside today. The price of the futures settled at $75.75, up $1.60 or 2.16%. Technicals are …

Technical Analysis

The EURJPY traders are battling it out between MA levels. The intermediate trend at stake

July 18, 2023

The EURJPY moved to the highest levels since 2008 a few weeks ago. The high at that time reached when 157.99 – just short of …

Technical Analysis

NZDUSD trades lower ahead of key CPI data in the new trading day.

July 18, 2023

The NZDUSD has moved lower in trading today. The move comes ahead of the QoQ CPI data that will be announced in the new trading …

Central Banks

Atlanta Fed GDPNow Q2 tracker rises to 2.4% from 2.3%

July 18, 2023

The Atlanta Fed GDPNow Q2 growth estimate moves up to 2.4% from 2.3% on July 10. In their own words: The GDPNow model estimate for …

Technical Analysis

GBPUSD breaks below 100 hour MA. The 2nd break below today. Can the sellers push lower?

July 18, 2023

GBPUSD sellers are currently exerting pressure as the price falls below the 100-hour moving average (blue line in the chart above), which is at 1.3076. …

Analyst Picks

EUR/GBP to Remain Under Pressure as Yields, Terminal Rates Favour Sterling

July 18, 2023

EUR/GBP hints at further downside ahead of a crucial UK core inflation print on Wednesday. Should the wider measure if inflation remain, EUR/GBP could be …

Technical Analysis

The USDCHF sellers remain in control from longer and shorter term perspective. Here’s why.

July 18, 2023

The USDCHF sellers remain in control from a longer and shorter-term perspective. Looking at the weekly chart above, the price for the USDCHF broke below …

Technical Analysis

USDCAD buyers had their shot above 200H MA/50% retracement and missed.Its the sellers turn

July 18, 2023

The USDCAD has seen buyers in the early North American session take the price higher and above its 200-hour moving average of 1.32314, and 50% …