A crucial week lies ahead with US jobs report, advance GDP and PCE inflation The Bank of Japan is expected to hold rates, but will it flag a year-end hike? Flash GDP and CPI data for the euro area are […]
Week Ahead – A Decisive Week for USD with NFP and More; BoJ Meets Read More »
USDCAD adds 3.4% from 1.3420 Remains well above the SMAs MACD and RSI indicate overbought levels USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high
USDCAD Still Near the Almost 3-Month High Read More »
GBPJPY marks new higher high; remains restricted Resistance near 198.50; support seen around 196.00 GBPJPY charted a three-month high of 198.42 at the top of a bullish channel, increasing speculation that a new bearish wave could soon start, especially after
GBPJPY at 3-Month High – Action Forex Read More »
GBPUSD prints new lower low, reaches long-term support trendline Technical signals remain discouraging; more sellers wait below 1.2950 GBPUSD is currently in its fourth consecutive week of losses, gradually slipping below the 1.3000 mark for the first time since August.
GBPUSD: One More Burst of Strength? Read More »
EURUSD dived beneath medium-term uptrend line Remains well below 200-day SMA Momentum oscillators extend bearish bias EURUSD tumbled beneath the medium-term ascending trend line, meeting a fresh almost three-month low below the 1.0800 round number. The pair lost 3.8% from
EURUSD Unlocks 1.0800 Critical Level Read More »
Japanese snap election will be held on Saturday, October 27 Governing LDP party vying for another win but outcome uncertain BoJ’s outlook could be clouded if LPD doesn’t achieve majority Yen could suffer if the new government focuses more on
Japanese Election Could Hold Key to Next BoJ Hike Read More »
Republican president nominee Donald Trump prospect of winning the White House has increased in the past week based on data from betting markets. Resurgence of “Trump Trade” narrative has triggered a positive feedback loop into Gold (XAU/USD). An increase in
Gold Technical: Bullish Acceleration in Progress Reinforced by “Trump Trade” Read More »
US 500 stock index loses steam before reaching all-time high Technical signals show falling buying appetite; support at 5,850 The US 500 stock index is shaky at the top of its uptrend. It recently lost some momentum, closing below October’s support trendline
US 500 Index Little Wobbly Near Record High Read More »
Bank of Canada meets; may opt for bigger 50-bps cut October flash PMIs to set the mood amid some growth concerns A relatively quiet week otherwise, with mostly second-tier releases BoC to likely cut by half a point Expectations that
Week Ahead – BoC to Speed Up Rate Cuts; Flash PMIs Eyed for Growth Clues Read More »
NZDUSD hovers beneath 200-day SMA Stochastic and RSI maintain downside momentum NZDUSD has found strong resistance near the 200-day simple moving average (SMA) at 0.6090, diving towards the previous bottom of 0.6050. According to technical oscillators, they both confirm the
NZDUSD Opens the Way for More Losses Read More »
