The AUDUSD moved lower earlier this week, and in the process fell below its 100-day moving average at 0.66952. A corrective bounce higher on Tuesday saw sellers lean against that level. Going forward, that level is a key resistance target. The subsequent fall midweek took the price below its 200-day moving average at 0.6628. It also tested a swing…
The NZD/JPY has been trading sideways recently, showing no clear trend. Technical indicators suggest a growing bearish momentum, with the RSI and MACD starting to turn in favor of the sellers. The 100 and 200-day SMA completed a bearish crossover at 92.00. The NZD/JPY pair has traded within a tight range recently, demonstrating a lack of clear directional momentum….
Wow Nellie. We have a horse race. The final CNN poll has Trump and Harris deadlocked at 47%. Earlier today NYTimes/Siena College poll in its final poll also showed a dead heat as well. Other polls show similar close results: Election Day: November 5.
Dow (DOW) closed at $49.70 on Friday, 2.5% lower on the day. Dow’s stock price has decreased 8.1% so far this year, much less than the 12.4% advance registered by the overall Dow Jones Industrial Average (DJIA) index. On Friday, the DJIA fell by 0.6% to close at 42,114 points. The three leaders were Intel (INTC), Salesforce (CRM) and Microsoft (MSFT), while the…
The EURUSD moved higher in the early US session and tested its 200-hour moving average currently at 1.08342. Although the price ticked above the MA line on a few hourly bars, the momentum stalled. The buyers turned to sellers, and the price has moved back to the 100-hour MA (blue line) at the 1.08056. The price is currently banging…
Mexican Peso weakens amid political uncertainty after judicial reforms limit judiciary’s ability to challenge constitutional changes. President Sheinbaum’s defiance of a federal judge’s suspension order adds to concerns about rule of law and economic stability. Fears of potential US tariffs under a Trump presidency weigh on the Peso, compounding pressure from Mexico’s internal political shifts. The Mexican Peso depreciated…
The GBPUSD moved up to test the 200 hour MA (green line) at 1.29986. THe high price reached 1.29977, just below that level. The subsequent move to the downside has seen the price move lower and toward the 100-day MA and 100-hour MA. Both of those MAs come in at 1.29683. The dualing MAs increase the levels importance for…
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the yellow metal. Gold price remains firm ahead of the weekend…
Oil rigs -2 Natural gas rigs +2 This article was written by Adam Button at www.forexlive.com.
NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears maintaining a firm grip as selling momentum builds. During Friday’s session, the pair fell by 0.60% to 0.5980, hitting lows not witnessed since…