Technical Analysis AUDUSD buyers are making a play with a test of the 100 hour MA The AUDUSD reached Lowe’s on Thursday of last week going back to June 1, 2023. However, the last few days have seen an up-and-down move …
Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1656 – Reuters estimate Posted onAugust 7, 2023 People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …
Central Banks The BOJ Summary of Opinions from the last monetary policy meeting on July 27/28th Posted onAugust 6, 2023 Below are the summary of pages from the Bank of Japan’s joyous trade decision One member said BOJ needs to patiently continue with monetary easing …
Technical Analysis The biggest mover to start the week is the USDCHF. What technical levels are in play? Posted onAugust 6, 2023 The USDCHF in early trading this week is the biggest mover with a 0.18% gain on the day. Technically, the price low was able to …
Technical Analysis USDJPY trades near MA/retracement support to start the trading week Posted onAugust 6, 2023 The USDJPY is off to a quiet start and little changed in early Asian-Pacific trading. The current price for the USDJPY trades around 141.82. That …
Central Banks Fed’s Bowman over the weekend: Additional rate hikes will be needed Posted onAugust 6, 2023 Fed Governor Michelle Bowman spoke over the weekend and said: We should remain willing to raise rates at a future meeting if data show inflation …
Market Outlook Markets Week Ahead: British Pound, Euro, Gold, US Dollar, CPI and GDP Data Posted onAugust 6, 2023 The Euro and British Pound cautiously weakened last week amid a stronger US Dollar. This also meant gold underperformed. Ahead, all eyes turn to US …
Forecasts Gold and Silver Price Forecast: XAU/USD & XAG/USD at Mercy of US Inflation Data Posted onAugust 6, 2023 U.S. inflation data’s momentum is expected to play a significant role in shaping the outlook for gold and silver prices in the short term by …
Forecasts Oil Forecast: WTI Recovery Meets Resistance after Saudi, Russia Confirm Cuts Posted onAugust 6, 2023 OPEC’s ministerial panel closely monitors the oil market as Saudi and Russian oil cuts are scheduled for September. WTI on track to rise for a …
Forecasts Japanese Yen Forecast: USD/JPY, GBP/JPY Struggle for Fresh Highs as FX Intervention Fear Lingers Posted onAugust 5, 2023 Yen enjoyed a mixed week against its G7 counterparts but faced renewed pressure as the initial bounce following a tweak of the YCC policy wore …
Forecasts Euro Forecast: EUR/USD Holds at Support, EUR/JPY Remains Stuck in Range Trade Posted onAugust 5, 2023 The Euro was able to fend off a push from the US Dollar last week in the aftermath of Friday’s non-farm payrolls report. How does …