Page 685 – Forex

Australian Dollar Forecast: RBA – From Implicit to Explicit – Crunch Time

The Australian Dollar is struggling to gain traction but the RBA might be posturing toward a more hawkish stance and it may manifest in CPI …

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October 20, 2023

Technical Analysis

USDJPY stays above 100 hour MA, but…

October 20, 2023

The market still fears the 150.00 level in the USDJPY. There was a run above at the start of the month and a quick 280 …

Technical Analysis

GBPUSD fails above 100 hour MA. What next as we head into the new week.

October 20, 2023

The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and …

Central Banks

Fed’s Mester: Looking at lots of data on mon pol, including money supply

October 20, 2023

The midnight Fed blackout can’t come soon enough. Balance sheet drawdown should happen regardless of interest rate moves Can’t say for sure mon pol is …

Technical Analysis

Gold continues it’s surge with $2000 sniffed today

October 20, 2023

The price of gold last Friday moved up to test its 100/200-day moving average (blue and green lines on the chart below). Sellers leaned against …

Central Banks

Feds Mester: Fed is at or near the peak of the rate hike cycle

October 20, 2023

Cleveland Fed Pres. Loretta Mester is speaking (voting member in 2024), and says: Fed is at or near peak of rate hike cycle Reiterates outlook …

Technical Analysis

EURUSD stays above hourly moving averages today, but upside is limited.

October 20, 2023

The EURUSD did find support bars against its 200-hour moving average 1.05665 (green line on the chart below), and remained above its rising 100-hour moving …

Technical Analysis

AUDUSD moves down and up today. Buyers stall the fall near the week/month lows

October 20, 2023

The AUDUSD is in the midst of a down-and-up market today. The move to the downside did find support against the lows from yesterday near …

Forecasts

British Pound (GBP) Weekly Forecasts: GBP/USD and EUR/GBP

October 20, 2023

Sterling is drifting lower against a range of currencies and this looks likely to continue next week Source

Technical Analysis

Broader US indices move to new session lows. NASDAQ index leads the way again

October 20, 2023

The broader NASDAQ and S&P index are moving to new session lows. Investors are still concerned about geopolitical risks out of Israel going into the …

Technical Analysis

USDCAD steps lower but finds support buyers at the 100 hour MA

October 20, 2023

The USDCAD has been stepping lower in trading today, but after reaching the 100 hour MA, there has been dip buyers against that technical target …