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Technical Analysis

Apple on pace for a record close

October 18, 2024

Shares of Apple are trading at $235 or up $2.85 or 1.22%. Closing this level would suppress the all-time high close level of $234.82 reached …

Fed’s Waller does not comment on monetary policy or the economic outlook

October 18, 2024

Feds Waler is speaking but does not comment on monetary policy were economic outlook in his prepared remarks on decentralized finance. There may be a …

Technical Analysis

The NZDUSD this week extended to a new low into swing area support, and bounced modestly.

October 18, 2024

The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp …

ECB’s Makhlouf: I do not believe rates should have been cut faster

October 18, 2024

There sources report yesterday highlighted that there were some on the ECB who wanted to remove references to being restrictive, so there is a dovish …

Fed’s Bostic: We may see a lull in activity and spending around the election

October 18, 2024

Bostic delivered a lecture at a high school on “Economic Education and the Fed 101” in Mississippi. The comments didn’t speak to the outlook. This …

Atlanta Fed GDPNow remains unchanged 3.4% for the third quarter

October 18, 2024

The Atlanta Fed GDPNow growth estimate for the third quarter came in unchanged at 3.4%. In their own words: The GDPNow model estimate for real …

Technical Analysis

USDCAD buyers remain in control. Bank of Canada rate decision next week

October 18, 2024

The USDCAD buyers remain in control in what has been an up-and-down trading week that did see the pair move to the highest level since …

ECB’s Lagarde set to appear on Bloomberg TV

October 18, 2024

I think there is a chance that Lagarde strikes a more-dovish tone than yesterday but in all likelihood we will hear the same things about …

Technical Analysis

What are the technicals driving the USDCHF and the EURCHF for October 18

October 18, 2024

The USDCHF this week extended above a swing area between 0.86078 and 0.8619, and then the 38.2% retracement of the move down from the July …

Technical Analysis

Kickstart the FX trading day for Oct 18 w/ a technical look at the EURUSD, USDJPY &GBPUSD

October 18, 2024

TGIF. The USD is trading lower to start the last trading day of the week.The EURUSD and GBPUSD are higher. The USJDPY is lower. What …

Technical Analysis

NZDUSD Technical Analysis – The rangebound price action continues

October 18, 2024

Fundamental Overview The bullish momentum in the US Dollar seems to be waning as GBPUSD couldn’t print a new low despite another set of strong …