Central Banks Analyst says strong USD is pressuring US firms Posted onAugust 24, 2023 An analyst in the US says inflation remains a concern despite Fed monetary policy being at a restrictive level. The resultant rise in yields, and …
Central Banks Fed Jackson Hole symposium full agenda will be available imminently, Powell speaks Friday Posted onAugust 24, 2023 The full agenda of the Fed’s annual Jackson Hole Symposium will be made available at 6 PM US Mountain Time, which is 8 PM US …
Technical Analysis USDCHF extends to the 50% midpoint target. What next? Posted onAugust 24, 2023 The USDCHF is extending to new highs after breaking above the swing highs from earlier this week and also last week at 0.88273. Staying above …
Technical Analysis EURJPY corrects higher into resistance. Can the sellers keep control and push lower? Posted onAugust 24, 2023 The EURJPY traded lower for two trading days and today there was a corrective move higher. The move higher took the pair into a swing …
Technical Analysis WTI crude oil futures settle at $79.05 Posted onAugust 24, 2023 The price of WTI crude futures are settling at $79.05. That’s up $0.16 or 0.20%. The high price today reached the $79.28. The low price …
Technical Analysis USDJPY buyers back in control, but pair is still in the up and down range. Posted onAugust 24, 2023 The USDJPY moved to new highs earlier in the day and in the process ticked above the 145.90 swing area target. However, dollar by momentum …
Technical Analysis GBPUSD back below the 100 day MA. Can the sellers keep the pressure on the pair? Posted onAugust 24, 2023 The GBPUSD is moving back lower and approaches the low for the day at 1.2625. In doing so, the price is back below the 100-day …
Technical Analysis Crude oil stalls in the fall near the low from yesterday Posted onAugust 24, 2023 Crude oil trading has the seen volatile up-and-down price action. The current price is trading at $78.60 down about $0.30 or -0.37%. Looking at the …
Central Banks Fed’s Collins: At this stage it’s appropriate to be patient Posted onAugust 24, 2023 Doesn’t think it’s helpful to designate a pre-set path We may be near a place where we can hold rates It’s likely that we will …
Technical Analysis NASDAQ index now down 1% and back below its 100 hour moving average Posted onAugust 24, 2023 The NASDAQ index is now down over 1% at 13581.28 down 137.69 points or 1.00%. The sharp move to the downside has the price back …
Technical Analysis EURUSD moves back up to test swing area. Get above 1.08485 would tilt short-term bias. Posted onAugust 24, 2023 The EURUSD has moved back to the upside after starting the US session moving to the downside. The low in the New York session reached …