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The technical levels in play for the trading week for the major currency pairs.

November 2, 2024

EURUSD: GBPUSD: USDJPY: USDCHF: AUDUSD: NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source

Central Banks

Newsquawk Week Ahead: US election, Fed, BoE, RBA, US ISM Services PMI and Canada jobs

November 2, 2024

Mon: Japanese Holiday: Culture Day. Eurogroup Meeting, EZ Manufacturing PMI Final (Oct), Sentix (Nov), US Employment Trends (Oct), Factory Orders (Sep), Australian Composite/Services PMI Final …

Central Banks

Why the era of negative rates can return

November 1, 2024

There was a popular theory among central bankers coming out of the post-covid inflation shock: That the world had changed. The overwhelming line of thought …

Technical Analysis

AUDUSD lower on the week but buyers and sellers are consolidating the declines

November 1, 2024

The AUDUSD is lower on the week, but since bottoming on Wednesday, the price has moved up and down. IN the process, the price has …

Central Banks

Atlanta Fed GDPNow growth estimate for Q3 growth comes in at 2.3% vs 2.7% last

November 1, 2024

The Atlanta Fed GDPNow growth estimate for the fourth quarter fell to 2.3% from 2.7% in the initial release yesterday. Of note is that the …

Technical Analysis

USDCAD consolidation sets up for a break next week.What levels are key for traders and why

November 1, 2024

The USDCAD has been trending higher, though its momentum has started to slow. One key factor has been resistance at this year’s high, set back …

Technical Analysis

The USDCHF still in a narrow trading range between 0.8632 below and 0.8799 above

November 1, 2024

The USDCHF moved lower after the US jobs report but held above support near 0.8632 (the low reached 0.86385 and bounced). The move back higher …

Technical Analysis

Kickstart FX trading for Nov 1 after the US jobs report. A look at EURUSD, USDJPY & GBPUSD

November 1, 2024

The US jobs report has come and gone, with hurricanes and strikes influencing the number. You can find out the details HERE. What has happened …

Central Banks

Fed rate cuts are back on the table, US dollar falls

November 1, 2024

The US dollar is broadly lower in the aftermath of the non-farm payrolls report and it’s not just because the headline was soft at +12K …

Central Banks

Dallas Fed’s Logan is speaking on Friday – won’t mention the economy or monetary policy

November 1, 2024

From our glossary; The ‘blackout’ policy from the Federal Reserve limits the extent to which Federal Open Market Committee participants and staff can speak publicly …

Central Banks

Senior IMF official warns of tit-for-tat tariffs, China property sector, yen intervention

November 1, 2024

Senior IMF official: China’s property sector problems have not been addressed in a comprehensive way, leading to consumer confidence plummeting. The risk of deflation in …