Page 972 – Forex

NASDAQ index up over 200 points or 1.55%

The NASDAQ index continues to march higher. It is currently trading up 217.29 points or 1.56% at 14136.28. For the trading week, the index is …

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July 13, 2023

Technical Analysis

AUDUSD approaches its highest level going to February 2023

July 13, 2023

The AUDUSD is racing higher this week with a gain in the pair of 2.96% . The run to the upside now has the pair …

Technical Analysis

WTI crude oil futures settle at $76.89

July 13, 2023

WTI crude oil futures are settling at $76.89. That’s up $1.14 or 1.5%. The price is settling near the high for the day at $76.96. …

Central Banks

Feds Bullard is stepping down in August

July 13, 2023

St. Louis Fed Pres. James Bullard is announcing that he will be stepping down in August (August 14). He will become the Dean at Purdue …

Technical Analysis

USDCAD makes new 2023 lows (low going back to Sep 2022). What keeps the sellers in control

July 13, 2023

The USDCAD broke below the 50% midpoint of the move up from the October 21 low at 1.3132, and the June 2023 low at 1.31157. …

Technical Analysis

New highs for the EURUSD. There is some room between price and 200 week MA now.

July 13, 2023

The EURUSD is running to the upside, making another new high for the year and high going back to March 2022. The high just reached …

Sentiment

NZD/USD IG Client Sentiment: Our data shows traders are now at their least net-long NZD/USD since Dec 27 when NZD/USD traded near 0.63.

July 13, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading …

Central Banks

SF Fed Pres Daly: The good news on inflation this week is indeed good news

July 13, 2023

Saying that we needed to 2 hikes was a way to keep optionality open The good news on inflation this week is indeed good news …

Technical Analysis

The USD is moving to new lows vs major currencies

July 13, 2023

The USD is making breaks (new lows for the USD) vs a number of major currencies. Technical highlights for each can be seen in the …

Technical Analysis

GBPUSD buyers remain in full control. Biggest gain this week since November 2022.

July 13, 2023

The GBUSD is breaking higher today with the move above a swing area on the daily chart between 1.29496 and 1.3000. The price is trading …

Technical Analysis

EURUSD stretches to another new high and tests a key week technical level

July 13, 2023

The EURUSD is stretching to a new high for the year, and TO a high level going back to the end of February 2022. The …