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Forecasts

Euro Technical Forecast: Bullish Drivers Diminish

July 1, 2023

The euro is showing signs of weakness heading into Q3 – key levels identified and analysed Source

Central Banks

JPY alert: The clear signals to watch for imminent Bank of Japan FX yen intervention

July 1, 2023

Financial authorities in Japan, specifically the Ministry of Finance and the Bank of Japan have been making ‘verbal intervention’ statements in recent months as the …

Forecasts

Bitcoin Q3 Fundamental Forecast: Still Standing After Regulatory Woes and Higher Rates

July 1, 2023

Bitcoin’s resilience bodes well for Upside in Q3 as skyrocketing interest rates and regulatory headwinds fail to bring about a selloff Source

Forecasts

Australian Dollar Q3 Technical Forecast: Ranges Holding for Now

June 30, 2023

A feature of many asset classes in 2023 has been a range trading type of environment and AUD/USD is an example of this. At the …

Technical Analysis

USDJPY holding the 100 hour MA going into the weekend.Barometer for buyers and sellers now

June 30, 2023

The USDJPY moved lower today, coming off the boil a bit (see videos here and here).The drift lower started against a channel trend line against …

Technical Analysis

S&P index trades to a new high for the year

June 30, 2023

As a market heads into the close for the week, month, and quarter, the S&P today is extending to new highs for the year. The …

Technical Analysis

NZDUSD trades to new highs and tests 200 hour MA

June 30, 2023

The NZDUSD has not escaped the USD selling today. The pair is up 1.15% on the day (NZD higher/USD lower). At current levels, it’s the …

Central Banks

Dallas Fed Trimmed mean price index falls to 3.2% annualized versus 4.3% in April

June 30, 2023

The Dallas Fed trimmed mean price index falls to 3.2% annualized versus 4.3% in April. The level is the lowest since April 2022 when it …

Technical Analysis

EURUSD technical update: The EURUSD fails above 200 hour MA

June 30, 2023

The EURUSD ran through resistance up to 1.0896 when I looked at the EURUSD earlier. That gave buyers more control and they took the price …

Technical Analysis

USDCAD can’t extend above swing area resistance, and backtracks lower to 100/200 hour MAs

June 30, 2023

The USDCAD moved up to test a swing area between 1.3271 and 1.3285 on Wednesday, and again yesterday on 2 separate tests. The high price …

Technical Analysis

The AUDUSD moves above the falling 100 hour MA. First trades above since June 20

June 30, 2023

The AUDUSD has moved above the 100-hour moving average of 0.66485. That is the first trade above that moving average since falling below on June …