In the earlier video (see below), on the EURUSD I spoke to the 200-hour MA above and the 38.2% below. The price needed to get above the 200-hour MA or below the 38.2% retracement below. You can watch the video below. The high for the US session stayed below the...
USDJPY snaps back higher after break of 200 hour MA fails
USDJPY falled on break below the 100 hour MAThe USDJPY fell below the 200-hour MA earlier today (see earlier video HERE). That MA is the green line in the chart above. That break was the 1st break below that moving average since June 14. Buyers should have turned to...
European equity close: Steady selling all day
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Kuwait wants to pump more oil
Oil came under some pressure after an Al Arabyia report said Kuwait, citing the oil minister, said the country looked to increase its production quotas, but will abide by OPEC decisions.The minister said they aim for 3.2 mbpd of capacity before the end of 2024. WTI is...
AUDUSD lower on the day after squeeze higher post RBA decision yesterday stalls
The Reserve Bank of earlier in the change and go to sleep 10%Australia kept rates unchanged yesterday at 4.10%. There were some expectations for a 25 basis point hike (around 60-40 for unchanged vs 25 bp hike). The Reserve Bank of Australia (RBA) said the decision was...
MUFG: We continue to run long AUD/NZD despite the post-RBA correction lower
MUFG, the Japanese financial services group, remains committed to a long position on AUD/NZD, expecting it to rally towards 1.12.Key Points:Continued Long AUD/NZD Position: MUFG continues to hold a long AUD/NZD position as part of their trade idea mentioned in their...
Oil holds gains above $70, and that’s where Morgan Stanley expects it to stay
brent crude dailyThe API private oil inventory data is due out later today and will be the next market mover for crude; though it usually leaks early. We're now past the period of seasonal strength for oil but we're into a period of voluntary production cuts from...
NASDAQ index erases early declines
The NASDAQ index has erased earlier declines which saw the index trade down -49.41 points. The index is currently up 24 points or 0.17% at 13840.30. The high price for the day reached 13844.50The NASDAQ index reached a new year high and highest level since April 21,...
GBPUSD buyers try to take more control.Find out what is key for the buyers to keep pushing
The GBPUSD buyers are trying to take more control in trading today after a dip lower found buyers against a key hourly MA. More specifically, the price at lows tested the pair's at 200-hour moving average (green line in the chart below at 1.2692 currently). The price...
US May factory orders +0.3% vs +0.8% expected
Orders up in 5 of the past 6 monthsPrior was +0.4% (revised to +0.3%)Ex transport -0.5% vs -0.2% prior (revised to -0.6%)Revisions to durable goods:Durable goods orders +1.8% versus +1.7% preliminary. Last month +1.2%Durable goods ex-defense +3.0% versus +3.0%...
USDJPY sellers break below a key hourly MA for first time since June 14
The USDJPY is trading within a narrow trading range, but sellers are making a play to the downside in early US trading with the price moving below its 200-hour moving average. The last time the price broke below the 200-hour moving average was back on June 14. Since...
US dollar sags the bounces back
It's all about flows today as the US dollar bounces around.The dollar sank quickly but has rebound right back. It comes with choppy trading elsewhere as the S&P 500 pares a sharp pre-market loss down to just 8 points. Within that, there's been a quick shift from...
볼펜만 있으면 하루 10분 써서 최소 3만원씩 벌 수 있는 부업 입니다. 어플도 따로 있어서 장소, 시간 제약이 없는 돈버는법!! (시작한 당일 바로 들어옵니다.)
https://www.youtube.com/watch?v=OqaJb6Ahnks 오늘은 재택, 외부 어디서든 시간이나 장소에 상관없이 최소3만원 부터 최대 20만원까지 (평일만 가능) 벌 수 있는 부업입니다. 도움이 되셨다면 다양한 부업들도 꾸준히 업로드 예정이니 구독과 좋아요 알림설정까지 부탁드립니다! #부업 #돈버는법 #부업추천 #앱테크 MoneyMaker FX EA Trading...
US traders come back from July 4 and push stocks lower
US traders returning from 4 July holiday on Tuesday and pushing stock prices to the downside after modest gains on Monday to start the trading month. Concerns about global growth are weighing on the indices. European and China services PMI were weaker than expected. A...
EURUSD range trading with some common technical levels defining the range
The EURUSD is range trading as US trader return from the 4th of July holiday. The range is being defined by some fairly common technical levels with the :200 hour MA at 1.09043 stalling the rise (green line in the chart below), and the 38.2% of the move up from the...
Fed minutes and factory orders highlight the US economic calendar
The US is back from a de facto four-day weekend and that's led to some choppy dollar trading. S&P 500 futures are down 23 points to 4469 in a sign of the sour mood to start the week.Notably, it's non-farm payrolls week and that will pace things in the build up to...
The good news is that there is spare capacity at another germanium mine
germaniumChina this week announced restrictions on germanium and gallium in retaliation for US restrictions on AI chips. That's set off fears of a tit-for-tat escalation that some fear could include lithium production, which is dominated by China.Regarding germanium,...
US 10 Year T-Note Future – A technical analysis perspective
The king of fixed income – one of them at least, the US 10-year T-Note future – currently finds itself in an interesting technical situation as well as showing a decent divergence against the US 2y and also against the German 10y (Bund) and the UK 10y...
The JPY is the strongest and the CAD is the weakest as the North American session begins
The strongest to the weakest of the major currenciesThe JPY is the strongest and the CAD is the weakest as the North American session begins. The USD is mostly higher as traders return from the 4th of July holiday.Overnight, China's Caixin Services Purchasing...
Germany’s Scholz backs the ECB in tackling inflation
Scholz says that they cannot keep carrying on with 0% interest rates <!--> Justin Low Wednesday, 05/07/2023 | 11:43 GMT-0 05/07/2023 | 11:43 GMT-0 --> <!--> Well, this is what you'd expect from Germany as they have always took the more hawkish position...