admin – Page 935

USDJPY continues its run to the upside. 100 hour MA was a key support base this week.

June 23, 2023

The USDJPY has moved higher (lower JPY) despite higher inflation data out of Japan today. The move higher this week was kickstarted yesterday after the …

Technical Analysis

German Dax gets closer to its 100 day MA this week.

June 23, 2023

The German Dax trended lower this week after reaching an all-time high last week at 16427.42. The move lower this week reached a low (today) …

Forecasts

British Pound (GBP) Week Ahead: A Bruising Week For Sterling

June 23, 2023

The British Pound is ending the week in the red despite the Bank of England hiking rates by 50bps. Fears of an impending recession are …

Technical Analysis

S&P index moves closer to its rising 100 hour moving average

June 23, 2023

The major US stock indices remain in the red and are moving back toward the lows for the day. For the S&P index, its low …

Technical Analysis

EURUSD sellers lean in the key swing area. Keep bearish bias.

June 23, 2023

The EURUSD corrected higher off a swing area between 1.0842 and 1.08485. The corrected move higher in the early New York session moved back into …

Technical Analysis

AUDUSD steps its way down this week. Technicals lead the way lower.

June 23, 2023

The AUDUSD started to show cracks in its bullish bias last Friday, and that crack led to a bigger and bigger move as technical levels …

Technical Analysis

Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next?

June 23, 2023

Here we go again. The USDCAD has been trending more to the downside. This week a new low was made going back to September 2022. …

Central Banks

Fed’s Daly: Risks over overtightening and undertightening are ‘about balanced’

June 23, 2023

Two more rate hikes this year is a ‘very reasonable’ projection Two more hikes is only a projection, we don’t know for sure Prudent to …

Technical Analysis

Despite the 50 bp hike by the BOE, the GBPUSD is lower on the week and below MA support

June 23, 2023

Despite a 50 basis point hike by the Bank of England this week, the GBPUSD is trading lower in the week. Concerns of slower growth …

Technical Analysis

EURUSD drops amid lower yields and growth concerns; CBs respond to inflation pressures

June 23, 2023

The EURUSD cracked lower today with selling pressure starting in the Asian session and continuing in the Europe morning session. PMI flash data for June …

Central Banks

Fed’s Bostic: I expect jobless rate to rise from historically low level

June 23, 2023

Credit risk is likely coming and real estate could pose a risk The banking sector is quite strong I’m not seeing elements of risk appearing …