Technical Analysis

Fundamental Overview The USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report though and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Fundamental Overview The USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded fast.

The GBPUSD moved lower and to new week lows in the European trading session, but after testing is a 200-hour moving average, sellers turned to buyers and started a run to the upside. That move to the upside was helped by lower inflation expectations from the Michigan consumer sentiment report. Technically the price moved back

The EURUSD sellers had their shot with the price moving below the 100-day MA yesterday and trying to stay below in the Asian session today. That move did not last as traders leaned against a swing area and the 100 bar MA on the 4-hour chart. Sellers turned to buyers and the price started to

Crude oil futures trade between the 100 and 200 week MAs Crude oil futures are trading up around one dollar on the day at $77.85 (up 1.25%). The low price today extended down to $76.18. That was the lowest level going back to February 26. This week, the price is currently down $-1.62 or minus

As the week moves to a close, the USDCHF is higher on the week, but did find willing sellers against a topside swing ceiling. That ceiling stalled near 0.9146-0.9156. The price has rotated lower. However, the close support at the 61.8% of the move down from the April/May 2024 high is stalling the decline today

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Crude oil futures are settling at $76.87. That is down $-0.70 or -0.90%.. The low price reached $76.46. The high price reached $78.63. At session highs the price stayed below it’s 100 day-moving average (blue line). At session lows the price did break below the March 11 low at $76.82, the May 8 low at

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Fundamental Overview Despite some softness against the other major currencies, the USD continued to gain against the JPY as the Yen remains under pressure from risk-on sentiment due to positive global growth impulse and the stark yield differential with the Fed, which is expected to keep rates steady at least until September. In such an

The EURUSD has moved to new lows in the last hour of trading. The move lower has taken the price within a couple of pips of the key 100-day moving average 1.08156. Risk-focused traders are stepping in against that moving average level on the first look, hoping for a bounce back to the upside. If

Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally negative for the greenback and benefited the other major currencies. The EUR, on

The USDCHF has had its upsa and downs today (and this week), with the buyers now making a play after holding support at the 100 bar MA on the 4-hour chart at session lows today. The ability to hold that support and them push above the 50% retracement of the May trading range, has given

Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment with risk assets like stocks and bitcoin gaining ground. Such an environment is generally negative for

USDJPY bases off 155.95 The USDJPY moved lower in the European session today, after an Asian session run up that moved up to test a swing area near 155.95. The subsequent move higher took the price to and through a swing level at 155.95. After that break, the price did rotate lower, but found support

Fundamental Overview Last week, we saw the USDJPY pair falling after the US CPI report as the market shrugged off rate hikes fears and consolidated the Fed’s higher for longer stance. The following day, the JPY started to lose ground again as not only the interest rates differential remains strong, but we have also the

The USDCHF has moved back toward the high for the week, and in the process is retesting a swing area between 0.9087 – 0.90978, and converged 100 and 200 bar moving averages on the 4- hour chart at 0.90915. The high price installed near 0.90978, and the price has rotated back lower and below the