Technical Analysis AUDUSD trades up and down with a 200 day moving average stalling before today The AUDUSD fell lower in the early Asian session, and in the process tested support targets near the 61.8% retracement of the move up from …
Central Banks Bank of Canada survey higlights the expected end of rate hikes Posted onJuly 24, 2023 The Bank of Canada today released its Q2 survey of market participants and this was the most-notable question. It indicated that the BOC’s latest rate …
Technical Analysis GBPUSD sellers reestablish control after move higher fails Posted onJuly 24, 2023 The GBPUSD is lower on the day after a move back above the 50% retracement in the European session (at 1.2866). The price has rotated …
Technical Analysis USDJPY trades above and below the 50% midpoint of the move down from the end of June high Posted onJuly 24, 2023 The USDJPY moved higher on Friday and in doing so extended above the 50% midpoint of the move down from the June 28 high to …
Technical Analysis EURUSD lower but off the low. Some decent support holds. Posted onJuly 24, 2023 The EURUSD fell lower on the back of weaker PMI data out of Europe. The price fell below the 38.2% retracement at 1.1106 on its …
Technical Analysis The NZD is the strongest and EUR is the weakest as the NA session begins Posted onJuly 24, 2023 The NZD is the strongest and the EUR is the weakest of the major currencies to start the new trading week. The GBP is also …
Technical Analysis Nasdaq Composite Technical Analysis – Key support in sight for the Bulls Posted onJuly 24, 2023 After a big rally following the miss in the US CPI report, the market’s momentum showed signs of waning as it approached a crucial resistance …
Technical Analysis Dow Jones Technical Analysis – Successful breakout could lead to all-time highs Posted onJuly 24, 2023 The miss in the US CPI report and the better-than-expected US Retail Sales and Jobless Claims last week, gave the Dow Jones enough strength to …
Technical Analysis Russell 2000 Technical Analysis – The bears are waiting at a key level Posted onJuly 24, 2023 The soft-landing vibes are still present in the market even if we started to see some pullbacks here and there. In fact, following the miss …
Technical Analysis S&P 500 Technical Analysis – Bulls are getting exhausted near a key level Posted onJuly 24, 2023 Following the big rally after the miss in the US CPI report, the market started to get exhausted near a key swing high level. The …
Market Outlook US Dollar Holds the High Ground Ahead of Fed, ECB and BoJ Meetings. Higher USD? Posted onJuly 24, 2023 The US Dollar ascendency got back on track last week as markets eye Wednesday’s Federal Reserve rate decision ahead of the ECB and the BoJ’s …