Forecasts S&P 500, Nasdaq Forecast: Fed Testimony Gets Markets Back Onside Fed Chair Jerome Powell reiterated the Feds hawkish stance on rates during his two-day testimony before congress. Finally, markets listened Source
Forecasts US Dollar Week Ahead: USD Looks for Cues from PCE Data Posted onJune 23, 2023 The US dollar could remain in a range ahead of the key US PCE price index data due Friday. Will the Fed’s preferred inflation gauge …
Central Banks Fed’s Mester doesn’t speak on monetary policy Posted onJune 23, 2023 I’ll monitor for comments to reporters afterwards. This article was written by Adam Button at www.forexlive.com. Source
Technical Analysis USDJPY continues its run to the upside. 100 hour MA was a key support base this week. Posted onJune 23, 2023 The USDJPY has moved higher (lower JPY) despite higher inflation data out of Japan today. The move higher this week was kickstarted yesterday after the …
Technical Analysis German Dax gets closer to its 100 day MA this week. Posted onJune 23, 2023 The German Dax trended lower this week after reaching an all-time high last week at 16427.42. The move lower this week reached a low (today) …
Forecasts British Pound (GBP) Week Ahead: A Bruising Week For Sterling Posted onJune 23, 2023 The British Pound is ending the week in the red despite the Bank of England hiking rates by 50bps. Fears of an impending recession are …
Technical Analysis S&P index moves closer to its rising 100 hour moving average Posted onJune 23, 2023 The major US stock indices remain in the red and are moving back toward the lows for the day. For the S&P index, its low …
Technical Analysis EURUSD sellers lean in the key swing area. Keep bearish bias. Posted onJune 23, 2023 The EURUSD corrected higher off a swing area between 1.0842 and 1.08485. The corrected move higher in the early New York session moved back into …
Technical Analysis AUDUSD steps its way down this week. Technicals lead the way lower. Posted onJune 23, 2023 The AUDUSD started to show cracks in its bullish bias last Friday, and that crack led to a bigger and bigger move as technical levels …
Technical Analysis Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next? Posted onJune 23, 2023 Here we go again. The USDCAD has been trending more to the downside. This week a new low was made going back to September 2022. …
Central Banks Fed’s Daly: Risks over overtightening and undertightening are ‘about balanced’ Posted onJune 23, 2023 Two more rate hikes this year is a ‘very reasonable’ projection Two more hikes is only a projection, we don’t know for sure Prudent to …