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USDJPY Technical Analysis – Trump is 47th President of the US

November 6, 2024

Fundamental Overview The US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and …

Technical Analysis

GBPUSD moves down to test 50% and swing area down to 1.28449

November 6, 2024

The GBPUSD has moved down to test the 50% and a swing area between 1.2844 and 1.28719. The midpoint level is at 1.2866. The low …

Central Banks

China state banks seen selling USD/CNY – intervention to slow yuan drop

November 6, 2024

Major Chinese state banks selling USD/CNY trying to contain the yuan losses. Good luck with that. The USD is being driven by election results. This …

Technical Analysis

EURUSD moves down to test the lows from the last two weeks

November 6, 2024

The EURUSD has moved to new lows and is testing the lows from the last two weeks. That area comes between 1.07605 and 1.07767. A …

Technical Analysis

USDCAD moves up to hourly MAs

November 6, 2024

The USDCAD moved down to test the target support at the end of the trading day yesterday at 1.3813. The low price reached 1.3817 and …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.0993 (vs. estimate at 7.1011)

November 6, 2024

The 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 …

Cryptocurrency

Bitcoin is running higher

November 6, 2024

The price of Bitcoin is running higher on the early Trump enthusiasm and in the process is moving toward the November 1 high. That level …

Technical Analysis

USD moves higher as bias tips to Trump early

November 6, 2024

The independent voters which account for 31% of the Georgia votes are leaning 54% to 43% for Trump. That was reverse from 2020 with Biden …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1011 – Reuters estimate

November 6, 2024

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

Bank of Japan minutes – BOJ will continue rate hikes if economic & price forecasts met

November 5, 2024

Bank of Japan September meeting minutes Full text is here The Bank was walking a tightrope in this meeting, and these minutes reflect the focus …

Central Banks

New Zealand employment report recap – nothing to shift the RBNZ’s view

November 5, 2024

The data is here: New Zealand Q3 unemployment rate 4.8% (expected 5.0%, prior 4.6%) Westpac have a handy summary up, we don’t think that there’s …