Page 69 – Forex

NZDUSD index moves lower and sellers are in control, but there is some key support holding

The NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859. That break failed and the …

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November 21, 2024

Central Banks

ECBs Holzmann says warnings of undershooting 2% him himare not warranted

November 21, 2024

ECBs Holzmann is speaking and says: Warnings of undershooting 2% are not warranted Policy need to say restrictive amid price risks. In December, a cut …

Technical Analysis

What technical levels are in play for some of the major currencies vs the USD for Nov 21

November 21, 2024

As the North American session begins, the dollar is mixed. The USDJPY is lower (lower USD) by about 0.60% and is the biggest mover on …

Technical Analysis

GBPUSD Technical Analysis – Waiting for a breakout

November 21, 2024

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely …

Central Banks

ECB’s Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates

November 21, 2024

Approach to rate cuts must be gradual But if December projections confirm baseline scenario, there will be room to cut rates This just reaffirms their …

Technical Analysis

USDCAD Technical Analysis – We are at a key support zone

November 21, 2024

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely …

Central Banks

Fed’s Barkin says does not want to prejudge December meeting

November 21, 2024

If inflation stays above target, have to be careful when going about reducing rates But if unemployment accelerates, it makes the case to be more …

Central Banks

ECB’s Stournaras vouches for a 25 bps rate cut in December

November 21, 2024

Trade tariffs likely to provoke a response And a 25 bps rate cut in December is the right response We should cut every meeting until …

Technical Analysis

Crude Oil Technical Analysis – We are stuck in a range

November 21, 2024

Fundamental Overview Crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future …