Page 600 – Forex

USDCAD in neutral territory as price rebounds, traders await the next shove (up or down)

The USDCAD fell lower last Friday and in the process broke below its 100-day moving average at 1.3565 (blue line in the chart below), it’s …

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December 4, 2023

Technical Analysis

Tech Giants take a tumble as NASDAQ stocks plummet

December 4, 2023

The US stocks continue to retreat with the NASDAQ index leading the way. The NASDAQ index is leading the way this year with a oversize …

Technical Analysis

Aggressive resersal appears on the gold chart

December 4, 2023

Gold has traded in a huge range today as it blew out to a record high early in Asia before totally reversing. Now the bulls …

Technical Analysis

AUDUSD reverses from a new high as dollar strengthens, RBA meeting the focus

December 4, 2023

The AUDUSD moved to a new high going back to August 1 today but has since reversed the lower as the dollar moved higher and …

Technical Analysis

USD is running to the upside ahead of the stock open

December 4, 2023

The USD is making a run to the upside. Treasury selling are pushing yields toward the highs for the day ahead of the stock open. …

Technical Analysis

The JPY is the strongest and the AUD is the weakest as the NA session begins

December 4, 2023

The JPY is the strongest and the AUD is the weakest as the NA session begins. The USD is also higher after falling last week …

Central Banks

ECB’s de Guindos: Recent inflation data is good news

December 4, 2023

It’s been a ‘positive surprise’ But it is too early to declare victory Increase in wages can still have an impact on inflation Monetary policy …

Central Banks

RBA’s December decision: cash rate likely to hold, questions arise for future increases

December 4, 2023

In brief from a Westpac preview of the upcoming RBA decision. Westpac is forecasting that the Reserve Bank of Australia is unlikely to raise the …

Central Banks

Reserve Bank of Australia preview – to keep the cash rate on hold, retain tightening bias

December 4, 2023

What to expect from the Reserve Bank of Australia on Tuesday, summary comments via Commonwealth Bank of Australia We expect the RBA to leave the …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1011 (vs. estimate at 7.1271)

December 4, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1271 – Reuters model

December 4, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …