Page 103 – Forex

New Zealand employment report recap – nothing to shift the RBNZ’s view

The data is here: New Zealand Q3 unemployment rate 4.8% (expected 5.0%, prior 4.6%) Westpac have a handy summary up, we don’t think that there’s …

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November 5, 2024

Technical Analysis

EURUSD buyers take the price to new highs and approaches a cluster of resistance

November 5, 2024

The EURUSD is continuing its move to the upside despite stronger services ISM nonmanufacturing data today. Employment moved higher as well. New orders were lower …

Technical Analysis

Crude oil futures settle at $71.99

November 5, 2024

Crude oil futures are settling at $71.99, that is up $0.52 or 0.73%. Some influences: OPEC+ delayed 180,000 barrels per day of monthly production increases …

Central Banks

BOC Meeting minutes: BOC felt upside pressure on inflation will continue to decline

November 5, 2024

The Bank of Canada meeting minutes for the October 2024 meeting. The BOC cut rates by 50 basis points at the October 23 meeting: Ahead …

Central Banks

The Atlanta Fed GDPNow growth estimate 2.4% vs 2.3% last

November 5, 2024

The Atlanta Fed GDPNow growth estimate for Q4 came in marginally higher at 2.4% vs 2.3% last. In their own words: he GDPNow model estimate …

Technical Analysis

USDCHF falls below 100 bar MA on 4-hour and stays below, but support holds at swing area.

November 5, 2024

The USDCHF is trading up and down in trading today as the pair buys time ahead of the election results. The low for the price …

Technical Analysis

USDCAD moves lower as the election day continues. Tests 100 bar MA and swing area.

November 5, 2024

The USDCAD is moving lower in sympathy with the overall US dollar weakness ahead of the election vote and results (at least some of them) …

Technical Analysis

What key levels are in play for the EURUSD, USDJPY and GBPUSD through the US elections

November 5, 2024

The US election day will keep the markets on edge, but technically, the process should be followed. The price action and the tools will help …

Technical Analysis

AUDUSD Technical Analysis – The market awaits the US election result

November 5, 2024

Fundamental Overview The US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in …

Technical Analysis

USDCAD Technical Analysis – The pair retreats on higher Harris winning odds

November 5, 2024

Fundamental Overview The US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in …

Technical Analysis

EURUSD Technical Analysis – The greenback loses ground heading into the election

November 5, 2024

Fundamental Overview The US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in …