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AUDUSD tests 100/200 day MAs. Key technical levels for the pair.

July 7, 2023

The AUDUSD is pushing to a new session high and in the process is testing its 200-day moving average of 0.66949. The price has already …

Technical Analysis

GBPUSD looks toward the highest level since April 2022 at 1.28478

July 7, 2023

The GBPUSD is extended to a new high for the day and in the process is pushing to the high from June 22 at 1.28349 …

Central Banks

Fed’s Goolsbee: I feel like we’re on the golden path to ‘no recession and low inflation

July 7, 2023

Job market is outstanding. It’s getting back to a balanced, sustained level I feel like we’re on the golden path to ‘no recession and the …

Technical Analysis

USDJPY extends below its 38.2% retracement level and lower swing area.

July 7, 2023

The USDJPY is extending the declines with the pair now trading to the lowest level since June 22. The move today has now seen a …

Technical Analysis

EURUSD moves to a new high for the day/week. What next?

July 7, 2023

The EURUSD has extended to a new session high and high for the week at 1.09329. The current price is trading at 1.0949. The high …

Technical Analysis

USDCHF remains in an up and down trading range but with a bearish bias. Here is why.

July 7, 2023

The USDCHF held resistance near the 100/200 hour MAs today near 0.8966 (both of those MAs are converged – see chart below), but still remains …

Central Banks

Timiraos: June jobs report keeps the Fed on track for July hike

July 7, 2023

WSJ Fedwatcher Nick Timiraos is out with his review of the June jobs report and writes that the report “likely to leave the Federal Reserve …

Technical Analysis

The USD moves lower initially after the US jobs report but with downside limitations

July 7, 2023

The USD moved lower after the headline nonfarm payroll came in weaker than expected, but the average hourly earnings were a bit higher and the …

Technical Analysis

A look at the EURUSD key technical levels ahead of the US jobs report

July 7, 2023

This article was written by Greg Michalowski at www.forexlive.com. Source

Technical Analysis

The JPY is the strongest and the CHF is the weakest as the North American session begins.

July 7, 2023

The JPY is the strongest and the CHF is the weakest as the North American session begins.Overnight, Bank of Japan Deputy Governor Uchida, in an …

Central Banks

ECB’s de Guindos: Evolution of core inflation will be key to future policy decisions

July 7, 2023

What happens in September is an open question We need clear indications that inflation will converge to 2% target Services inflation is much more persistent …