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NASDAQ index within 2% of it’s all time high closing level

October 9, 2024

The NASDAQ index is now trading up over 113 points or 0.62% at 18295.69. The high price reached 18299.22. That has taken the price within …

Technical Analysis

EURUSD extends to a new low and stretches toward the 100 day MA

October 9, 2024

The EURUSD has moved to a new session low, and in the process, the pair moved to a new low going back to August 13 …

Central Banks

BofA: 4 reasons why we expect the ECB will cut rates much further than the consensus

October 9, 2024

BofA believes the ECB will cut rates more aggressively than currently priced in by the market, citing four key reasons for this outlook. Key Points: …

Technical Analysis

Sellers in the AUDUSD are looking to increase the bearish bias. What does that look like?

October 9, 2024

The AUDUSD is moving lower after testing a key resistance area between 0.67429 and 0.6760. Sellers leaned against the high of that swing area and …

Technical Analysis

USDCAD buyers making a play with a break above and away from 100 day moving average

October 9, 2024

The USDCAD extended above its 100-day moving average yesterday, but by the end of the day was trading back below that he moving average level …

Technical Analysis

Now that the USDCHF has broken higher, can the buyers keep the run going?Key targets ahead

October 9, 2024

The USDCHF broke higher after the stronger than expected US jobs report on Friday. The break took the price above the high of the “Red …

Central Banks

Fed’s Logan: A ‘more gradual’ path on rate cuts likely appropriate from here

October 9, 2024

Upside risks to inflation mean Fed should not rush to reduce rates I continue to see a meaningful risk inflation could get stuck above target …

Technical Analysis

The kickstart video for Oct 9 looks at the technicals that drive the three major FX pairs

October 9, 2024

IN the kickstart video above for October 9, I take a look at three the major currency pairs, the EURUSD, USDJPY and GBPUSD. As a …

Central Banks

ECB’s Makhlouf: Servies inflation and wage growth present some uncertainty

October 9, 2024

ECB remains on track to hit 2% inflation in Q4 2025 Services inflation and wage growth present some uncertainty There isn’t much here, the market …

Technical Analysis

GBPUSD Technical Analysis – Rangebound price action ahead of the US CPI

October 9, 2024

Fundamental Overview The USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts …

Technical Analysis

EURUSD Technical Analysis – Consolidation ahead of the US CPI

October 9, 2024

Fundamental Overview The USD rallied across the board last Friday following the hot US NFP report. The market priced out all the aggressive rate cuts …