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HSBC: Here is why risk-reward around this week’s BOE may not be encouraging for GBP bulls

July 31, 2023

HSBC lays out its perspective on the potential movements of the GBP in relation to the Bank of England’s (BoE) upcoming decisions: Key Takeaways: Expected …

Technical Analysis

EURUSD moves to a new session low but not by much.The 61.8% target at 1.10017 looms below.

July 31, 2023

The EURUSD started the US session with a low at 1.1004 and just above the 61.8% retracement at 1.1002. The high was at 1.1037 which …

Central Banks

ANZ: we expect the RBA to stay on hold this week; AUD/NZD tactical trading strategy

July 31, 2023

Australia and New Zealand Banking Group (ANZ) has put forth their perspective on the upcoming RBA decision and its implications for the AUD/NZD pair: Key …

Sentiment

Oil – US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil – US Crude since Apr 13 when Oil – US Crude traded near 82.46.

July 31, 2023

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US …

Technical Analysis

WTI Crude oil futures trade to the highest level since April

July 31, 2023

WTI crude oil futures are trading higher by about $0.84 or 0.99% at $81.40. The high price today has reached $81.72. That took the price …

Technical Analysis

The USDCHF stalls the rally near the 38.2% retracement and moves toward key MA support

July 31, 2023

The USDCHF moves higher to a new high in the late London morning session. The high price moved up to test the 38.2% of the …

Technical Analysis

USDCAD tumbles in trading today. Higher oil helps to support the CAD.

July 31, 2023

We know The USDCAD is moving sharply to the downside in trading today. In the process, the price has moved below its 100-hour moving average …

Technical Analysis

AUDUSD trades higher today ahead of RBA decision, but approaches key technical resistance

July 31, 2023

The AUD is the strongest of the major currencies today and the AUDUSD is one of the big gainers with a rise of 1.23%. The …

Technical Analysis

GBPUSD trading in a narrow trading range but sellers remain in control

July 31, 2023

The GBPUSD moved higher in the European session but found willing sellers against its 100/200 hour moving averages (blue and green lines in the chart …