Technical Analysis USDCHF tests 200 hour MA and finds sellers on the test. What next? The USD is moving higher in the US trading today and helping to drag the USDCHF higher as well. In the early European session the …
Technical Analysis AUDUSD cracks lower. Below 200 hour MA after sharp fall today Posted onJune 20, 2023 On Friday, I wrote about the overbought condition of the AUDUSD (“AUDUSD shows a crack in the bullish move…maybe“). On that day, the price fell …
Central Banks BOE’s Hall: Moves in UK yields have tested resilience of liability-driven investment funds Posted onJune 20, 2023 There’s some relief today from higher yields as UK 2s are down 13.7 bps after touching 5% in each of the past two days. This …
Technical Analysis USDJPY rotates lower after testing November 2022 swing high Posted onJune 20, 2023 The USDJPY story is about 2 charts. The daily chart defined the topside where sellers showed up. The hourly chart is defining short term support. …
Technical Analysis EURUSD tries to hold key swing area support near 1.0900 Posted onJune 20, 2023 The EURUSD is trading in a very narrow trading range of 37 pips today. The low for the day is holding above a swing area …
Technical Analysis USDJPY Technical Analysis Posted onJune 20, 2023 The Fed has decided to pause at its latest policy meeting keeping rates at 5.00-5.25% range. They explained that in doing so they can see …
Technical Analysis The JPY is the strongest and the AUD is the weakest as the North American session begins Posted onJune 20, 2023 The JPY is the strongest and the AUD is the weakest as the NA session begins. The RBA announced meeting minutes and the traders marked …
Central Banks ECB’s Vujčić: Core inflation pressures remain in the euro area Posted onJune 20, 2023 Sometimes a soft landing is not possible Have to consider risks of doing too much versus doing too little By his words, they are taking …
Technical Analysis USDCAD Technical Analysis – Key Level in Focus Posted onJune 20, 2023 The Fed last week paused its tightening cycle leaving interest rates at 5.00-5.25%. The FOMC wants to see more economic data before deciding on another …
Technical Analysis GBPUSD Technical Analysis – Policy Divergence Posted onJune 20, 2023 The Fed has eventually paused its tightening cycle at 5.00-5.25% because it wants to see more economic data before deciding on another hike as they …
Market Outlook - European Market Gold Price Treads Water as US Dollar Steadies and GBP Rolls Over Ahead of BoE Posted onJune 20, 2023 The gold price slipped today as Treasury yields rose to augment the US Dollar and ahead of Fed Chair Powel’s testimony tomorrow while the BoE …