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USDJPY extends to new highs

October 17, 2024

The USDJPY is extending above the high from earlier this week at 149.974 for the 2nd time today, but is finding more upside momentum on …

Technical Analysis

NZDUSD buyers try to make a play. What needs to happen to give them an edge in the ST.

October 17, 2024

The NZDUSD has been consolidating over the last week or so of trading with the 61.8% of the move up from the August low. That …

Central Banks

ECB sources: Policymakers expect to cut in December unless data shows marked turnaround

October 17, 2024

Policymakers expect to cut in December unless there is an economic turnaround, according to Reuters sources. This is no surprise to the market, which is …

Technical Analysis

USDCAD bounces off retracement support. Can the buying continue toward the highs now?

October 17, 2024

The USDCAD moved up for 9 consecutive days and was on its way to 10 straight on Tuesday before hitting a resistance target area near …

Technical Analysis

The USDCHF keeps it bullish bias, but the EURCHF moves lower. What next for each?

October 17, 2024

USDCHF: The USDCHF moved lower from earlier highs but found support buyer near the 38.2% of the move down from the July high at 0.86318. …

Technical Analysis

Kickstart the FX trading day for Oct 17 w/ a technical look at the EURUSD, USDJPY & GBPUSD

October 17, 2024

The ECB cut rates by 25 basis points as expected. The US data dump at 8:30 AM ET was stronger than expected with retail sales, …

Central Banks

Lagarde Q&A: All the data is headed in the same direction

October 17, 2024

The disinflation process is well on track This decision is an example of data dependence Economic activity has come in below what we anticipated December …

Central Banks

Reuters Poll: BOC to cut overnight rate by 50 basis points on Oct 23

October 17, 2024

A Reuters poll is showing: 19 of 29 economists see the Bank of Canada cut rates by 50 basis points to 3.75% at their October …

Central Banks

Lagarde opening statement: Economic activity has been somewhat weaker than expected

October 17, 2024

The disinflationary process is well on track Manufacturing has continued to contract Services activity showed an uptick in August but latest data is more sluggish …

Central Banks

Watch live: ECB’s Lagarde holds press conference

October 17, 2024

ECB President Christine Lagarde explains the Governing Council’s monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be …

Technical Analysis

EURUSD remains below the 200 day MA at 1.08727 after ECB rate cut

October 17, 2024

The ECB did cut rates by 25 basis points as expected. A summary shows: Interest Rate Changes: Lowered the deposit facility rate by 25 basis …