Technical Analysis USDCHF break below MA cluster Posted onSeptember 23, 2024 The USDCHF has extended to the downside after holding the 38.2% of the move down from the mid-August high at 0.85172. As outlined in the …
Technical Analysis The GBPUSD found seller near the 1.3358 target as outlined earlier today Posted onSeptember 23, 2024 Earlier today in the kickstart video, I spoke about the GBPUSD price action and the next target. As a review, I said the following: At …
Technical Analysis AUDUSD buyers try to extend higher for the 3rd day in a row. Can they keep the momentum? Posted onSeptember 23, 2024 The AUDUSD has been trying to extend to the upside over the last few trading days but has seen resistance even thoughnew highs have been …
Technical Analysis USDCAD makes a break for it to the downside. What was the catalyst? What next? Posted onSeptember 23, 2024 The USDCAD last week had some buying against the 100 bar MA on the 4-hour chart last week (currently at 1.35548) and also some failed …
Central Banks More from Goolsbee: Until the rate, falling inflation has meant Fed has been tightening Posted onSeptember 23, 2024 Consumer sentiment is not a good indicator for spending behavior Until the recent rate cut, falling inflation has meant that has been tightening policy. We …
Technical Analysis The consolidation in USDCHF trading continues. What should traders look for going forward? Posted onSeptember 23, 2024 The USDCHF has been consolidating since August 20 or so with most of the price action between 0.8400 and 0.8537. That’s not alot of trading …
Central Banks Fed’s Goolsbee: ‘Many more cuts’ likely needed over the next year Posted onSeptember 23, 2024 Comfortable with 50 bps, shows fed is focused on risks around employment, not just inflation Inflation is way down from peak, labor market is at …
Technical Analysis EURUSD finds willing sellers at the 100 hour MA Posted onSeptember 23, 2024 The EURUSD moved higher to test the 100 hour MA, but did find willing sellers. The flash PMI was weaker but the inflation data was …
Technical Analysis Kickstart the trading week with a technical review of the EURUSD, USDJPY and GBPUSD Posted onSeptember 23, 2024 Weaker flash PMI data sent the EURUSD and GBPUSD sharply lower in the European session, but while the GBPUSD retraced all this declines, the EURUSD …
Central Banks More from Kashkari: Expects smaller steps going forward from the Fed Posted onSeptember 23, 2024 Let’s take a step towards neutral, recognizing that we’re tight Lots of ambiguity around what neutral level is Fed policy is still in net tight …
Central Banks Fed’s Kashkari: 50 bps rate cut was the right decision Posted onSeptember 23, 2024 It reflects progress on inflation, softening of labour market Sees year-end rate at 4.4% and end of 2025 rate at 3.4%; same as median of …