GBPUSD moves below the 100 hour MA. Can the sellers keep the momentum going?
Earlier today, the price of the GBPUSD moved to the highest level going back to January 2022. In the process, the price moved into a swing area between 1.3411 and…
Friday has PCE data in the US, but Thursday is full of Fedspeak
On Friday, the Fed’s favored measure of inflation PCE will be released with expectations of: Core PCE, est 0.2% vs 0.2% last month PCE headline, Est 0.1% vs 0.2% last…
Crude oil futures is settling $70.37
The price of crude oil futures are settling down -$0.63 or -0.89% at $70.37. The low price for the day reached $69.52 while the high price was at $71.78. At…
Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond…
Forexlive Americas FX news wrap 20 Sep: The week comes to s close with the USD mostly up.
The economic data today was focusing Canada where retail sales rose by a higher-than-expected 0.9% but you should prices were lower than expectations. In the US, two-days after the FOMC…
NASDAQ index down 100 points or -0.55%
The NASDAQ index is down -100 points or -0.55%. The prices back down testing the low price from yesterday near 17909.75. Early today, the price fell below that level on…
The AUDUSD tests a key area on the daily chart. Buyers and sellers be on alert.
The AUDUSD is trading higher today, boosted by risk-on sentiment as US stocks surge. The Dow is up 633 points (1.52%), while the S&P 500 and Nasdaq have gained 2.00%…
Powell opening statement: We’re committed to preserving our economy’s strength
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…
FOMC preview: Why the dot plot isn’t helping anyone
AI image What do we make of the new dot plot on Wednesday? The Federal Reserve is due to release another edition of its forecasts around growth, inflation and —…
Treasury yields stay on the floor as the market sees an end to high inflation
US 10 year yields The days of high yielding safe investments may be over for a generation. Jamie Dimon is continuing to warn about inflation but the bond market has…
