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The AUDUSD tests a key area on the daily chart. Buyers and sellers be on alert.

September 19, 2024

The AUDUSD is trading higher today, boosted by risk-on sentiment as US stocks surge. The Dow is up 633 points (1.52%), while the S&P 500 …

Technical Analysis

NZDUSD has it’s share of ups and downs, but buyers are in control. I will tell & show why.

September 19, 2024

The NZDUSD continues to experience volatile price action following the FOMC rate decision, with today’s trading seeing an initial move to the downside. The fall …

Technical Analysis

The NASDAQ index is leading the way higher.

September 19, 2024

The NASDAQ index is leading the way to the upside today with a gain of 490 points or 2.8% at 18064. The high price reached …

Technical Analysis

USDCHF is not escaping the up and down volatility. Testing a key technical target.

September 19, 2024

The USDCHF continues to experience volatile price action, with the current move testing a crucial downside target. After failing to break above the 38.2% retracement …

Central Banks

Three takeaways from the BOE decision from Deustche Bank

September 19, 2024

The Bank of England held rates at 5.00% today in a move that wasn’t certain but wasn’t entirely expected. Economists at Deutsche Bank forecast no …

Technical Analysis

EURUSD moves down to the 100 hour MA. Key intraday downside target.

September 19, 2024

The volatility in the EURUSD continues as the price has rotated back down after a spike lower in the Asian session, and a spike higher …

Technical Analysis

The USDCAD price action is volatile as the market digests Fed/data. What next?

September 19, 2024

The USDCAD price action is experiencing high volatility in today’s trading, following yesterday’s bounce between support and resistance levels. Initially, the price moved upward, breaking …

Central Banks

ECB’s Schnabel: Inflation outlook remains challenging, policy vigilance needed

September 19, 2024

The ECB’s Schnabel published a series of slides on the ECB website. She highlights sticky services inflation. Services inflation remains sticky, keeping headline inflation elevated …

Technical Analysis

The Fed cut sent markets in motion. What are the EURUSD, USDJPY & GBPUSD doing?

September 19, 2024

It is the day after…. The day after the Fed cut rates by 50 bps. US stocks are sharply higher as a Fed initiated a …

Central Banks

South African central bank lowers rates for the first time since 2020

September 19, 2024

Rates cut to 8.00% from 8.25% Decision was unanimous 2025 CPI seen at 4.1% vs 4.4% prior Kganyago says hold, 25 and 50 bps were …

Central Banks

BOE’s Bailey: Optimisitic UK rates will fall further, need more evidence

September 19, 2024

Need to see residual inflation pressures disappear Imperative that UK improves its current potential growth of 1.2-1.3% More to come GBP/USD has slackened to 1.3250 …