Technical Analysis The EURUSD buyers stay in control after dip holds support. Can the June high be surpassed? Posted onJuly 11, 2023 In the earlier post and video on the EURUSD at the start of the NY session, I expected buyers near what was resistance until broken …
Sentiment EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since May 19 when EUR/CHF traded near 0.97. Posted onJuly 11, 2023 Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading …
Technical Analysis The USDCHF moves to lowest level since January 2021 Posted onJuly 11, 2023 The USDCHF has moved to the lowest level since January 2021 today but the downside is seeing some apprehension. Meanwhile, the EURCHF is also under …
Technical Analysis The sellers are leaning the technical bias lower in the USDCAD Posted onJuly 11, 2023 The Bank of Canada will announce their rate decision tomorrow at 10 AM ET, with expectations of a 25 basis point hike to 5.0%. It …
Technical Analysis GBPUSD trades to a new high for the year, but backs off Posted onJuly 11, 2023 The GBPUSD moved to another new high for 2023, and high going back to April 2022. Looking at the daily chart below the price approached …
Technical Analysis The USDJPY continues its run to the downside. What next? Posted onJuly 11, 2023 There is growing speculation that the Bank of Japan (BoJ) may make adjustments to its yield curve control (YCC) policy at its July 28 meeting, …
Technical Analysis Get going in the EURUSD today. What technicals are driving the pair today? Posted onJuly 11, 2023 The EURUSD moved to the highest level since May 8 moving above the June high at 1.1011. The high price reached 1.10267 which was short …
Technical Analysis The JPY is the strongest and the NZD is the weakest as the North American session begins Posted onJuly 11, 2023 The JPY is the strongest and the NZD is the weakest as the North American session begins. The USDJPY has continued it’s run to the …
Technical Analysis USDCAD Technical Analysis – Bullish Bias Intact Posted onJuly 11, 2023 The NFP report last Friday missed expectations for the first time after 14 consecutive beats. The other data though were still all solid with the …
Technical Analysis GBPUSD Technical Analysis – US CPI in Focus Posted onJuly 11, 2023 The US NFP last Friday has finally missed expectations for the first time after 14 consecutive beats. The other details in the report though were …
Central Banks ECB’s Villeroy: We are close to the peak of interest rates Posted onJuly 11, 2023 Once we hit the peak, we will need to stay at that level for a while We are starting to have good news on inflation …