The AUDUSD moved up and tested a swing level near 0.6823 in the Asian and European session. The price then moved lower as stocks fell in the early US trading. However, as the price of the AUDUSD approached its rising 100 hour moving average at 0.6778, the buyers have returned, and stalled the fall. Why is that important? Recall…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
USDJPY daily Morgan Stanley anticipates a series of 25bp cuts from the Federal Reserve through mid-2025 and recommends maintaining short positions on USD/JPY, targeting a move towards 138. Key Points: FOMC Rate Decision: The FOMC cut the federal funds rate by 50bp to 4.875%, reflecting ongoing progress on inflation and concerns regarding the labor market. Economic Projections Update: The…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
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 invest money that you…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
There is nothing here on the current outlook in the speech. He’s giving a lecture at Tulane University. It’s not clear if he will take questions. Monetary policy likened to driving a bus – need to balance speed Maximum employment involves job quality, not just quantity Philadelphia Fed conducts research beyond monetary policy Importance of both “hard” and “soft”…
The NZD/JPY rose by nearly 0.90% to 89.80 on Friday. The RSI is in positive territory and rising, indicating buying pressure. The MACD is showing rising green bars, suggesting increasing bullish momentum. In Friday’s session, the NZD/JPY continued its climb, propelled by a 0.90% rise to 89.80. This upward trajectory indicates that the pair is gaining strength following the…
2024.09.20 2024.09.20 US Dollar Under Pressure Amid Rising Risk Appetite. Forecast as of 20.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The aggressive start of the Fed’s monetary expansion has left other central banks indifferent. They have chosen not to declare victory over inflation, which is a negative development for the US dollar. Let’s discuss this topic and make a trading plan for the…
In the kickstart video from earlier today, I highlighted the key levels in the GBPUSD. On the downside the 1.3265 was key support. Looking at the GBPUSD price action since then (see chart below), the low price for the day came in at 1.32676, just 2 pips short of the targeted support. So the buyers leaned. The price has…
