USD/JPY ANALYSISKey Japanese officials reiterated cautious approach.Japan’s inflation report will be the focal point for the pair next week.50-day MA break could spark USD/JPY decline.Elevate your trading skills and gain a competitive edge. Get your hands on the...
Sam Altman forced out as OpenAI CEO
If artificial intelligence is the future, then Sam Altman was the man delivering it.The CEO of OpenAI, which created ChatGPT, was unceremoniously given his pink slip today. The company released a statement that said:Mr. Altman’s departure follows a deliberative review...
Forexlive Americas FX news wrap: The yen rebound continues as the US dollar sags
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,...
US equity close: A flat start but another good weekly gain
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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What’s coming up in the week ahead in the US: Holidays and Treasury auctions
AI imageThe upcoming week features a series of significant economic releases, auctions, and reports that market participants will be watching closely.Monday, November 20 The week kicks off with a Treasury auction of 20-year securities worth $16 billion, an event that...
Goldman Sachs: Fed and ECB policy trajectory – rate cut timelines analyzed
Goldman Sachs provides insights into the expected monetary policy paths of the Federal Reserve (Fed) and the European Central Bank (ECB), forecasting the timelines for rate cuts and stabilization of policy rates.Key Insights:Federal Reserve Policy Outlook:Hold on...
Saudi Arabia highly likely to extend 1m BPD ‘lollypop’ cut until spring – report
WTI crude is up $2.94 to $75.84 as it has nearly erased yesterday's sharp decline. The latest positive news is a sources report saying that Saudi Arabia is highly likely to extend its voluntary cut "at least until the spring".The next OPEC meeting is Nov 26. Saudi...
MUFG trade of the week: Short USD/JPY
weekly USDJPYMUFG Research added a short USD/JPY position (spot ref: 149:60) to its TOTW portfolio. The trade has a target at 143.00, and a stop at 152.10. "We want to maintain some exposure to a further weakening of the US dollar and believe long JPY may be the best...
Baker Hughes oil rig count +6 to 500
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,...
USDJPY sellers gain momentum as they test November low
As the week comes to an end, the USDJPY fell sharply and in the process tested the low from early November at 149.175. The low reached 149.192 before bouncing. The price is trading at 149.74. The double bottom mirrors the double top from the high this week (on...
OPEC+ sources:To consider whether to deepen oil output cuts at next meeting on November 26
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,...
USDCAD rebounds as European traders’ exit. Above 100 hour MA now.
USDCADThe USDCAD is lower on the day, and in the process, fell below the 100-hour moving average in the early European session (blue line in the chart above currently at 1.37356).The subsequent fall to 1.3707 (reached in the morning North American session) so the...
European equity close: A strong finish to a great week
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,...
Bullish Momentum: AUDUSD holds above key moving averages
Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The subsequent move to the upside took the price back above its 100-day moving average of 0.64874 (blue overlay line on the chart...
Atlanta Fed GDPNow Q4 2.0% vs 2.2% prior
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,...
Fed’s Collins: I wouldn’t take additional hiking off the table
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Fed’s Goolsbee: We will do whatever it takes to beat inflation
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USDCHF under bearish pressure as it fails to break key resistance
USDCHF remains below the 0.8900 level. Sellers in control.The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see...
US issues fresh Iran-related sanctions
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