Technical Analysis EURUSD sellers lean on the test of the 100 hour MA The EURUSD moved modestly higher in the early trading for the day and reached up to the 100-hour MA at 1.09687. Sellers leaned against the …
Technical Analysis Japan 10 year yield falls to lowest level since July 28 Posted onAugust 9, 2023 The Japan 10 year yield is trading at new session lows and in the process as a fallen to the lowest level since July 28. …
Central Banks PBOC sets yuan midpoint at 7.1588/dollar Posted onAugust 9, 2023 The PBOC set the yuan midpoint at 7.1588 /dollar. That was well below the expected midpoint of 7.2198. This article was written by Greg Michalowski …
Technical Analysis AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA Posted onAugust 8, 2023 The AUDUSD traded to a new low since the beginning of June yesterday but bounced higher. Technically, the move to the downside broke back below …
Technical Analysis GBPUSD trades between its 100 and 200 hour MAs and awaits the next shove. Posted onAugust 8, 2023 The GBPUSD trading between its 100 hour MA below and its 200 hour MAs. As a result, the technical bias is neutral in the short …
Technical Analysis The USDJPY buyers need to break above 143.54 to increase the bullish bias. Why? Posted onAugust 8, 2023 The USDJPY moved sharply higher yesterday in the Asian session and ran into a resistance target between 143.44 and 143.54. In fact the high prices …
Technical Analysis For the EURUSD today, the 100 hour MA is resistance, and the 100 day MA is support. Posted onAugust 8, 2023 Yesterday the 100-day moving average held support near session lows during training yesterday, and the price rotated higher into the close. That 100-day moving average …
Cryptocurrency Fresh banking troubles provide a fresh bid for bitcoin Posted onAugust 8, 2023 Bitcoin is in the midst of its best day in almost a month. It’s up 2.3%, or $752 to $29,925 as it threatens to retake …
Central Banks Fed’s Harker: We will probably start cutting rates sometime next year Posted onAugust 8, 2023 We don’t want to overdo it on rates These are the most-dovish comments from any Fed member since the start of the hiking cycle. This …
Central Banks Fed’s Barkin: GDP remains solid and labor market is ‘remarkably resilient’ Posted onAugust 8, 2023 Inflation remains too high Barkin is a Fed centrist like Harker but isn’t signalling any preference for a pause. This article was written by Adam …
Central Banks More from Harker: We’re going back to a more-normal circumstance Posted onAugust 8, 2023 Fiscal stimulus is burning off Supply chain issues are starting to heal Our forecast is not that inflation might spike back up This article was …