The GBPUSD, USDJPY, and USDCHF opened the new day - and final -day of the week - between the 100 hour MAs and the 200 hour MAs and stayed within those boundaries for the fisrt 7 or so hours of the new trading day. Technically, that is about as neutral as you can get....
Mostly messy day for sentiment so far
Sentiment is a bit mixed across markets this morning.FX: In FX we have the JPY (safe haven) leading the pack after a better-than-expected Tokyo CPI number, with the AUD and NZD (high betas) second and third strongest. The EUR is leading the pack on the downside, most...
What do we have coming up for the calendar today
Another busy day on the calendar today:EU session:For the European session the market will be keeping a close eye on the French inflation data after the downside surprise we saw in both the Spanish and German inflation data yesterday. The EUR got a nudge lower on the...
Gold buyers and sellers continue to battle. Ceiling is stalling the rallies.
Yesterday at this time, the price of gold was trying to stay below the 100/200 hour MAs near $2510 (blue and green lines). Sellers could not keep the pressure on and the sellers turned to buyers. After some intraday volatility yesterday, buyers returned and pushed the...
Australia Retail sales for July 0.0% vs 0.3% estimate
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,...
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PBOC sets the USDCNY midpoint at 7.1124 vs 7.1116 estimate
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,...
USDCHF trades between 100/200 hour MAs
While the EURUSD and the GBPUSD trades between the 100 and 200-hour MAs. The USDCHF is also trading between those two MAs as the last trading of the day of the weeks gets started The 100-hour MA is below the current price at 0.8448 (blue line in the chart below). The...
Australia’s S&P/ASX200 index and Japan’s Nikkei 225 rise by 0.36% in early trading
Australia's S&P/ASX200 index and Japan's Nikkei are trading higher by about 0.36% in early trading.Japan's retail sales came in weaker than expected at 2.6% versus 2.8%. Duction was also weaker at 2.8% versus 3.6% forecast. The unemployment rate was also higher at...
Japan retail sales YoY for July 2.6% vs 2.9% estimate
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,...
Japan Preliminary Industrial production MoM 2.8% vs 3.3% estimate
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,...
Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%)
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,...
Japan Unemployment rate for July 2.7% vs 2.5% estimate
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,...
New Zealand building consents for July +26.2% vs -17.0% last month (revised from -13.8%)
Prio rmonth -17.0% revised from -13.8%)Building consents for July 26.2%The bounce back gain is the largets since May 2020. Last months decline was the largest since February 2021.Looking at the history, the ups-and-downs are pretty evident.“A higher number of working...
Geopolitics: SIrens sound in Russia’s Belgorod, Voronezh and Kursk provinces
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,...
e-Mini S&P futures are higher by about 0.16% at the resumption of trading
At the resumption of trading in the futures market, the e-mini S&P contract is up 0.16%. Dell reported after the closing shares are currently up 2.95%. Nvidia which notes their earnings yesterday after close is trading up 0.42% after declining -6.38% today.Apple...
Kickstart the FX trading day for Aug. 30 w/a technical look at the EURUSD, USDJPY & GBPUSD
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,...
What is on the economic calendar for APAC session for August 29
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,...
Forexlive Americas FX news wrap: US second quarter GDP gets an upgrade but USD gains fade
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,...
Dell earnings beat expectations. Price moves away from the 200 day MA.
Dell announced their earnings after the close and beat on the top and bottom lines:EPS $1.89 versus $1.71 expectedRevenues $25.03 billion versus $24.14 billion expectedDell shares closed at $110.74 and are trading higher by $7.10 or 6.41% at $117.85.Dell shares traded...