Page 968 – Forex

Selling pressure takes bitcoin below $30,000 but the range-bottom holds

Bitcoin hit at session low in the past hour, briefly trading below $30,000. It has since bounced back above that level though as the range …

By admin

July 17, 2023

Technical Analysis

AUDUSD has a unique symmetry on the hourly chart. Want to know what it looks like?

July 17, 2023

The AUDUSD has a unique symmetry that has retracement levels of the sharp move lower in June equal to the retracement levels of the sharp …

Technical Analysis

The GBPUSD corrects to the downside. The rising 100 hour MA is catching up to the price.

July 17, 2023

The GBPUSD continues to probe to the downside after testing a key target on the daily chart near 1.31465 on Friday. The high price reached …

Technical Analysis

EURUSD is stuck in the mud. A 35 pip trading range begs for a range extension.

July 17, 2023

The EURUSD is stuck in the mud. The low to high trading range is only 35 pips. That is about half of the 70 or …

Technical Analysis

USDJPY rebounds to 100 hour MA and swing area. Shows some signs of buying interest.

July 17, 2023

The USDJPY is bouncing higher in early US trading, and in the process is testing/breaking above the 100 hour MA at 138.83 and looks toward …

Central Banks

ECB’s Vasle: Core inflation remains high, resilient

July 17, 2023

Until we get to the July policy decision next week, don’t expect any change to the tone and rhetoric from the ECB. It will be …

Market Outlook

US Dollar Finds Traction While China GDP Misses Estimates. Where to for USD?

July 17, 2023

The US Dollar consolidated to start the week while soft Chinese GDP numbers highlight growing concern for the economic recovery there. With the Fed in …

Central Banks

European Central Bank speakers Monday include Lagarde, Lane, Panetta

July 17, 2023

0815 GMT/ 0415 US Eastern time: Pre-recorded welcome address by President of the European Central Bank Christine Lagarde at 9th ECB conference on central, eastern …

Central Banks

Goldman Sachs expects the Bank of England to hike by 50bp at its August meeting

July 17, 2023

UK economists at Goldman Sachs are expecting the Bank of England Monetary Policy Committee to raise the Bank Rate by 50bp at the August meeting …

Central Banks

People’s Bank of China set MLF rate at unchanged 2.65%, as expected

July 17, 2023

People’s Bank of China Medium-term Lending Facility (MLF) PBOC inject 103bn yuan via a one-year MLF at 2.65% 9circa 125bn was expected, prior 237bn injection) …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1326 (vs. estimate at 7.1386)

July 17, 2023

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade …