admin – Page 959

Japan June CPI, headline +3.3% y/y (expected +3.5%)

July 20, 2023

The data is: final Japan inflation report before next week’s BOJ meeting The two core measures are both as expected. USD/JPY is barely changed. These …

Central Banks

Former Japan Yen intervention boss – BOJ won’t tweak yield curve control (YCC) next week

July 20, 2023

Mitsuhiro Furusawa is a former Japan vice minister of finance for international affairs. He now heads the Institute for Global Financial Affairs at Sumitomo Mitsui …

Central Banks

JP Morgan bullish gold and silver (cite Fed hike cycle ending), short term bull Brent oil

July 20, 2023

A couple of snippets from JP Morgan forecasts. The backdrop to the precious metals views at JPM is the approaching likely end of the Federal …

Technical Analysis

WTI crude futures settle at $75.63

July 20, 2023

WTI crude futures are selling at $75.63. That’s up to $0.28 or 0.37%. The high price today reached $76.15. The low price was at $74.52. …

Technical Analysis

VIDEO REVIEW: The USD is moving to new highs vs the EUR, GBP, JPY, CHF and NZD. What next?

July 20, 2023

The USD is continuing its move into the upside and trading to new highs versus a number of the major currencies including the: EUR GBP …

Technical Analysis

AUDUSD returns to the closing level after run higher today fails

July 20, 2023

The AUDUSD raced higher in the Asian session on the back of better employment data. However, the run to the upside saw buyers extend a …

Technical Analysis

USDCAD spikes to 200 hour MA @ 1.21917. It will take a move above to increase bullish bias

July 20, 2023

The USDCAD spike higher, and in the process moved up to retest it at 200-hour moving average at 1.31917. Sellers leaned against that upper moving …

Technical Analysis

EURUSD cracks below the 200 hour MA for the first time since July 7

July 20, 2023

The EURUSD is breaking to a new low and is now below the 200-hour moving average 1.11544. As outlined in the morning video (click on …

Central Banks

Here is the path to a 6% Fed funds rate — and beyond

July 20, 2023

There is an interesting debate about whether July or September will be the final Federal Reserve rate hike of the cycle but for markets it …

Analyst Picks

AUD/NZD Preps for Golden Cross

July 20, 2023

AUD/NZD is setup both fundamentally and from a technical analysis standpoint to push higher. Source

Technical Analysis

USDJPY breaks above the 140.00 level. What next?

July 20, 2023

The USDJPY is breaking above the 140.00 level. There was a bunch of option expiry’s at the 140.00 level today and after 10 AM ET …