USDCHF bases near the 100 hour MA and races higher The USDCHF is up about 0.66% today, trading in the current hourly bar to a new session high at 0.91013. The moves is short of the high from Wednesday and Thursday near 0.91069 and also the important 100-day MA at 0.91173. The price did move
USD/JPY looked like it only needed a nudge to break out of the two-day range capped near 139.70 but when higher-than-expected yields materialized at a 10-year Treasury auction, it still couldn’t get through. The 2 bps tail at the 10-year sale would usually lead to US dollar buying, especially on that cross but instead it
Oil prices fell on Monday ahead of a U.S. Federal Reserve policy meeting as investors tried to gauge the central bank’s appetite for further interest rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply. Brent crude futures were down $2.12, or 2.8%, to $72.67 a barrel by 1350 GMT.
The forex markets are relatively mixed with a near empty economic calendar today. Australian Dollar is extending last week’s rally, while Euro and Yen are following as next strongest. On the other hand, Swiss Franc and Sterling are trading as the worst performers. Dollar is currently mixed in the middle, displaying no definitive directional trajectory.
Shell gas station prices are seen on May 30, 2023 in Austin, Texas. Brandon Bell | Getty Images Consumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey released Monday. The central bank’s monthly Survey of Consumer Expectations for May showed one-year inflation expectations down
Share: WTI takes offers to refresh intraday low, down for the third consecutive day in a row. Fears of higher Oil supply, back of demand join US Dollar rebound to please bears. Sustained trading below the key moving averages, mostly steady RSI suggest further downside of energy benchmark. Bulls remain cautious below $83.40; $64.30 can
USDCAD retests the lows from May The USDCAD spiked higher after the weaker-than-expected jobs report this morning. The price which tested its low from early May at 1.33132 in the late European session (the low reached 1.33157), moved up to a high of 1.33688. That high tested the Asian session high at 1.33705. Sellers leaned
It’s shaping up to be a quiet day and there might not be much in it until we get to the US CPI data tomorrow at the very least. There are some interesting technical setups in play though, so let’s take a look in preparation of the main events this week. USD/CAD holding on to
Gold prices slipped in early trade on Monday on a firmer dollar index (DXY) and a cautious approach from the traders ahead of the Federal Open Market Committee (FOMC) meeting which begins on Tuesday. MCX Gold futures were trading at Rs 59,660 per 10 grams in the opening trade, down by Rs 161 or 0.27%
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The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission’s classification of its native token, Solana (SOL), as a security. “The Solana Foundation disagrees with the characterization of SOL as a security,” reads a statement from June 10, noting that it welcomes the engagement of policymakers to
Share: EUR/GBP falls to a 9-month low as ECB approaches its peak rate and the BoE is ready to continue tightening. The pair signals oversold conditions on the daily chart for the first time since 2021. Weak economic data from Italy and Germany contribute to Euro’s decline.. The EUR/GBP pair has recently witnessed a substantial
In this insightful look back at our January forecast for the E-mini S&P 500 futures, we find ourselves on the brink of reaching the much-anticipated 4400 level. This article will elucidate the pivotal factors that have contributed to this imminent achievement and offer an in-depth technical analysis of prospective market trends. Key Factors to Consider
Trump arrested (AI image) It will be interesting to see how this indictment goes. Trump has a good chance of being the next US President but this also had a good chance of landing him in jail. Notably, none of the 37 counts has mandatory minimums, though maximums reach 20 years. It seems to me
COMEX Gold prices started the week on a positive note, as weak US PMIs raised the odds of a Fed pause in the June FOMC meeting. The US ISM Services PMI showed that the service sector nearly stalled in May as business activity and orders eased, while ISM prices paid slid to near a three-year
Share: Silver price hits a four-week high at $24.52 but retraces to $24.26. For bullish continuation, XAG/USD must breach $24.49 resistance, opening the path to $25.00 per troy ounce. XAG/USD’s failure to crack $24.49 could lead to further losses, with potential dips to $24.01 and $23.63. Silver price reaches a new four-week high but retraces