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AUDUSD rebounds into a swing area resistance target. What next?

November 18, 2024

The AUDUSD – like other pairs vs the USD today – has moved sharply lower over the last 6 /7 trading days, over that period, …

Cryptocurrency

Trump Media in advance talks to buy Crypto Platform BAKKT

November 18, 2024

The FT is reporting that Trump Media is in advanced talks to buy Crypto Platform BAKKT. HMMMM. Of course President-elect Trump is the largest stock …

Central Banks

ECBs Vujcic: The risk of inflation undershooting has picked up

November 18, 2024

ECBs Vujcic is on the wires saying: The risk of inflation undershooting has picked up. The EURUSD moved up to test the swing area on …

Central Banks

BOEs Greene: UK services inflation is elevated but on a downward path

November 18, 2024

BOE Greene is speaking and she says: UK’s services inflation is elevated but on a downward path UK budget will raise inflation inflation gauges are …

Technical Analysis

GBPUSD corrects higher and closer to the 100 hour MA at 1.26811.

November 18, 2024

The GBPUSD is trading higher in is a poaching a key resistance and its 100-hour moving average at 1.2681. Also near that level is the …

Central Banks

ECB’s Lagarde: Europe is falling behind in innovation and productivity compared to the U.S

November 18, 2024

A summary of a speech from EU Lagarde at College des Bernardins: Current Challenges Technological Lag: Europe is falling behind in innovation and productivity compared …

Technical Analysis

EURUSD pushing away from its 100 hour moving average

November 18, 2024

The EURUSD is stretching to the upside with the price now moving away from the 100-hour MA at 1.05659. That MA was broken earlier today …

Technical Analysis

Gold rallies sharply after last week’s tumble of -4.5%. Price is up 1.87% today

November 18, 2024

Gold is up sharply in trading today after falling -4.52% last week – its worst week since falling 6.03% during week of June 14, 2021. …

Technical Analysis

USDCAD rotates lower today after sharp break higher last week took price to 2020 levels

November 18, 2024

The USDCAD broke above the 2020 high price on Wednesday of last week at 1.3978, and that helped to kickstart additional gains on Thursday and …

Central Banks

Feds Goolsbee : I see concentration of treasury clearing as a risk

November 18, 2024

The Chicago Fed Pres. Austen Goolsbee is giving me opening remarks Financial Markets Group fall conference and says: Sees concentration of treasury clearing as a …

Technical Analysis

USDCHF is backing off highs going back to July and back below 61.8% retracement

November 18, 2024

The USDCHF last week moved above the 61.8% retracement of the move down from the May 1 high to the early September low at 0.88989 …