Technical Analysis USDCHF falls to swing area from April/May. The USDCHF is down testing a swing area ahead of the extreme for the year at 0.8819. Looking at the 4-hour chart above, the swing …
Technical Analysis US crude oil futures settle at $72.99 Posted onJuly 10, 2023 US crude futures settle at $72.99. That’s down $0.87 or -1.18%. The high for the day reached $74.15. The low was at $72.67. Looking at …
Central Banks More from Fed’s Bostic: There is no expectation of needing to rise rates any further Posted onJuly 10, 2023 This is a hard judgment call. There is no expectation of needing to rise rates any further from here. The path forward is no longer …
Technical Analysis AUDUSD shifts short term bias back higher with daily MAs looming to the topside Posted onJuly 10, 2023 The AUDUSD is trading within a range over the last two weeks between 0.6594 to 0.67057. That’s not a big range. The ups and downs …
Central Banks Atlanta Fed GDPNow see Q2 growth at 2.3% up from 2.1% Posted onJuly 10, 2023 The Atlanta Fed GDPNow estimate for Q2 growth seen at 2.3% in their latest estimate. That is up from 2.1% on July 6. In their …
Central Banks More from Feds Mester: There is no decision yet on the need for July rate hike Posted onJuly 10, 2023 There’s no decision yet on the need for a July rate hike, more data is needed. The outlook for the terminal federal funds rate matches, …
Technical Analysis GBPUSD erases all the declines. New high for the day. Posted onJuly 10, 2023 The GBPUSD has now reached a new high for the day, fully erasing the decline from the Asian session high at 1.28408. The price just …
Central Banks Feds Bostic: inflation is too high, not sustainable Posted onJuly 10, 2023 In many regards, US is still in a pandemic economy A lot of the strength is due to pandemic support. Inflation is too high, not …
Technical Analysis EURUSD extends above swing area high at 1.09759 Posted onJuly 10, 2023 The EURUSD is trading to a new session high as European traders look to exit for the day. The price has now moved above a …
Technical Analysis A nice bounce in the GBPUSD. Retracing the declines of the day. Posted onJuly 10, 2023 The GBPUSD move down to test its 100 hour moving average 1.27456. See the video below: The low price reached 1.2749 and found willing buyers …
Central Banks BOE’s Bailey: UK inflation is unacceptably high, but expected to decrease significantly Posted onJuly 10, 2023 The current preoccupation is inflation. Inflation is unacceptably high. The aim is to bring inflation down to the 2% target. Headline inflation is expected to …