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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 …

Central Banks

ECBs Stournaras: A 25 basis point cut by the end of the year is reasonable

November 18, 2024

ECBs Stournaras: A 25 basis point cut by the ECB by the end of the year is reasonable Trump tariffs could lead to recession in …

Technical Analysis

The technicals in play to start the new trading week in the forex

November 18, 2024

To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is …

Technical Analysis

USDCAD Technical Analysis – We are at the highest level since 2020

November 18, 2024

Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained …

Central Banks

ECB’s Makhlouf: The evidence would need to be overwhelming for 50 bps move in December

November 18, 2024

Believes in cautious and prudent approach, policy is working as it is It would be “going a bit far” to say that a rate cut …