Technical Analysis WTI crude oil futures settle at $85.54 The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias …
Technical Analysis EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers. Posted onOctober 27, 2023 The EURUSD buyers tried to tilt the technical bias to the upside today with a move above its 200-hour moving average at 1.0580 and it’s …
Technical Analysis Russell 2000 falls to the lowest since 2020 Posted onOctober 27, 2023 If you needed another reminder that it’s been just tech — and mostly seven stocks — that have been carrying US equity markets, then here …
Central Banks Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3% Posted onOctober 27, 2023 The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth …
Technical Analysis Nasdaq falls sharply this week & falls below 200 day MA, but there is still some hope. Posted onOctober 27, 2023 The NASDAQ index is up 127 points or 1.0% at 12721.65, but this week saw a sharp move lower that took the price below its …
Technical Analysis USDJPY sellers making a play. What does that mean? Where are the risks? Find out here. Posted onOctober 27, 2023 The USDJPY sellers are making a play today with the break below the 150.00 level. Not only was the level a key natural level, but …
Forecasts British Pound (GBP/USD) Weakens Further Ahead of BoE Decision Posted onOctober 27, 2023 The Bank of England is expected to leave interest rates unchanged next week and this will not help Sterling as it drifts towards 1.2000 against …
Central Banks BOJ likely to raise CPI forecast to 2% range – report Posted onOctober 27, 2023 Nikkei is out with a Bank of Japan scoop ahead of Tuesday’s meeting and decision. The Bank of Japan is likely to raise its consumer …
Technical Analysis NZDUSD failed on a break below a key trend line this wk. Does it open a door for buyers? Posted onOctober 27, 2023 NZDUSD sellers failed on a break below a key trend line on the daily chart this week. Does that failed break open a door for …
Sentiment USD/CAD IG Client Sentiment: Our data shows traders are now at their least net-long USD/CAD since Mar 12 when USD/CAD traded near 1.38. Posted onOctober 27, 2023 Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading …
Technical Analysis The USDCAD moved to a real good target level. It’s so important you want to know about it. Posted onOctober 27, 2023 The USDCAD has moved up to test a real good target level. It is so important you probably want to know about it whether you …