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EURUSD moves to another new high and extends above target swing area

July 12, 2023

The EURUSD has continued its move to the upside and trades to yet another new high at 1.11377. That has taken the price above the …

Technical Analysis

WTI crude oil futures settle at $75.75

July 12, 2023

Despite a large build in crude oil inventories this week of 5.946 million (expectations were for a build of 0.483 million), the price of WTI …

Technical Analysis

NASDAQ index extends back toward days highs

July 12, 2023

The NASDAQ index is leading the way to the upside with a gain currently of 186 points or 1.35%. At session highs the index is …

Central Banks

Highlights of the Fed’s Beige Book: Overall economic activity increases slightly since May

July 12, 2023

Overall Economic Activity: Overall economic activity experienced a slight increase since late May. Five districts reported slight/modest growth, five saw no change, and two noted …

Technical Analysis

The AUDUSD story changed today with buyers taking control. Want to hear the new chapter?

July 12, 2023

The AUDUSD had a volatile up-and-down price action in the Asian/Pacific session. The price action initially saw the pair extend above its 100 and 200-day …

Sentiment

EUR/USD IG Client Sentiment: Our data shows traders are now at their least net-long EUR/USD since Feb 01 when EUR/USD traded near 1.10.

July 12, 2023

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

Sentiment

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since May 11, 2023 when NZD/USD traded near 0.63.

July 12, 2023

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

Technical Analysis

USDJPY continues it tumble to the downside. Down over 650 pips over the last 5 days, but..

July 12, 2023

The USDJPY is down for the 5th consecutive day. Over that time period, the pair has moved over 650 pips. That’s a big move in …

Central Banks

BOCs Macklem: Concerned that if not careful, the progress to price stability could stall

July 12, 2023

We are concerned if we are not careful, the progress to price stability could stall If you get some upward surprises, inflation could even move …

Central Banks

Highlights of prepared remarks from BOC’s Macklem press conference

July 12, 2023

Further rate decisions will be guided by assessment of incoming data and outlook for inflation. Monetary policy is working but underlying inflationary pressures are proving …

Technical Analysis

EURUSD technical update: EURUSD breaks to new 2023 highs. What next for the pair?

July 12, 2023

The EURUSD is trading to a new session and 2023 high and in the process is extended to yet another target between 1.1094 and 1.11346. …