Technical Analysis USDCAD tumbles in trading today. Higher oil helps to support the CAD. We know The USDCAD is moving sharply to the downside in trading today. In the process, the price has moved below its 100-hour moving average …
Technical Analysis AUDUSD trades higher today ahead of RBA decision, but approaches key technical resistance Posted onJuly 31, 2023 The AUD is the strongest of the major currencies today and the AUDUSD is one of the big gainers with a rise of 1.23%. The …
Technical Analysis GBPUSD trading in a narrow trading range but sellers remain in control Posted onJuly 31, 2023 The GBPUSD moved higher in the European session but found willing sellers against its 100/200 hour moving averages (blue and green lines in the chart …
Central Banks Fed’s Goolsbee: Last six months have shown we can bring down inflation without jobs lost Posted onJuly 31, 2023 So far we’ve been able to walk the golden path The bank problems ‘have been the dog that’s not barking’ We have been disproving people …
Technical Analysis The USDJPY is one of the biggest movers of the day. Price is above 50%/61.8% of July range Posted onJuly 31, 2023 The USDJPY is a big mover today with a gain of 0.84% on the day. That move to the upside took the price above the …
Technical Analysis EURUSD finds willing sellers against the 100 hour MA to start the trading week Posted onJuly 31, 2023 The EURUSD has seen down-and-up trading to start the new trading week. The move to the downside and the Asian session installed ahead of its …
Technical Analysis Nasdaq Composite Technical Analysis – Key resistance in sight Posted onJuly 31, 2023 Last week, the Fed hiked by 25 bps as expected and left everything unchanged. The market was more focused on the press conference to see …
Technical Analysis Gold Technical Analysis – Watch out for economic data this week Posted onJuly 31, 2023 Last week, the Fed hiked interest rates by 25 bps as expected leaving the policy statement unchanged. The market was eager to get some clues …
Technical Analysis Dow Jones Technical Analysis – The all-time high is in sight Posted onJuly 31, 2023 Last week, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left unchanged, so …
Technical Analysis Russell 2000 Technical Analysis – Watch this level for the next big move Posted onJuly 31, 2023 The Fed hiked interest rates by 25 bps as expected and kept everything unchanged. This outcome was already baked in, and the market was more …
Technical Analysis S&P 500 Technical Analysis – “Make it or Break it” moment for the Market Posted onJuly 31, 2023 Last week, the Fed hiked the interest rates by 25 bps as widely expected. The market was more focused on the Fed Chair Powell’s press …