Author: FX

Check out these higher lows and lower highs on EUR/USD! The pair is consolidating inside a triangle pattern on its hourly time frame, and it might be gearing up for a breakout soon. Risk appetite has been switching on and off for the past few days, though, so we might still see a bit more sideways price action until the top-tier U.S. reports are released later on. Here are the levels you should keep tabs on if you’re going for either a bounce or a break. EUR/USD 1-hour Forex Chart by TradingView Price is within striking distance of its triangle…

The dollar was pushed to the brink but it continues to hold on, as the push and pull in markets continue since last week. Here are some technical developments to be wary of at the moment:EUR/USD holds at weekly resistance around 1.1033, held back below 1.1000 for nowGBP/USD stutters after testing resistance at the 1.2500 mark againEUR/JPY retreats after running up against October high of 148.40Gold trades in and around $2,000 mark, daily support at $1,981 still holdingWTI crude hangs on at the 100-day moving average, seen at $76.75 currently10-year Treasury yields retreat further from 100-day moving average, key floor…

Looking for more ways to trade the U.S. dollar? We’re keeping close tabs on a possible reversal for USD/CHF. Check out this 4-hour chart: USD/CHF 4-Hour Forex Chart by TradingView USD/CHF has been showing lower highs and lower lows, falling from a high of .9440 in early March to its current .8900 prices. What makes the pair interesting today is that it’s showing a Double Bottom pattern on the 4-hour time frame. More importantly, the pattern’s “neckline” lines up with a trend line and 100 SMA resistance on the chart. Will USD/CHF extend its weeks-long downtrend? Or will USD see…

Share: USD/INR is attempting a break above 82.00 ahead of US Durable Goods Orders data. An expansion in orders for Durable Goods to manufacturers indicates strong demand from households. Bottoming out US real estate despite higher interest rates from the Fed indicates that recession is not in picture for now. The USD/INR pair is making efforts to break above the immediate resistance of 82.00 in the Asian session. The asset is expected to discount the overnight gains in the US Dollar index (DXY) supported by a recovery in the United States real estate market. Upbeat New Home Sales…

Is the dollar in for more losses against the yen? In case you missed it, recession concerns in the U.S. got traders backing off from their uber hawkish Fed expectations. It also didn’t help USD/JPY bulls that Bank of Japan’s (BOJ) new head honcho Kazuo Ueda is dropping hints that he and his team are open to tweaking their yield curve control (YCC) program to allow short and long-term interest rates to rise a little from their current levels. USD/JPY 1-hour Forex Chart by TradingView The shifts in U.S. and Japanese monetary policy expectations likely contributed to USD/JPY getting rejected…

AUD/USD, Australian dollar – Price Action:Australia inflation eased from the previous quarter but slowed less than expected.Persistent price pressures leave the door open for further RBA tightening.What’s next for AUD/USD? Recommended by Manish Jaradi How to Trade AUD/USD The Australian dollar recouped initial losses against the US dollar after data released showed Australian price pressures remain stubbornly high, keeping alive the possibility of further tightening by the Reserve Bank of Australia.Australia’s CPI rose to 7% on-year in the January-March quarter, Vs 6.9% expected from 7.8% in the previous quarter, and well above the central bank’s target band of 2%-3%. CPI…

© Reuters. FILE PHOTO: Stellantis assembly workers work on assembling the 2021 Jeep Grand Cherokee L at the Detroit Assembly Complex – Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis NV wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said in a letter dated Monday posted on its…

Sean Gallup It was obvious from the start what was on Microsoft (NASDAQ:MSFT) Chief Executive Satya Nadella’s mind as he spoke on a conference call Tuesday to discuss his company’s fiscal third-quarter results. And it could be summed up in just two letters: AI. Of course, AI stands for artificial intelligence. But, by now, AI has become so ubiquitous a term that it was all Nadella, and Microsoft (MSFT) Chief Financial Officer Amy Hood, had to say to get the attention of Wall Street analysts, and anyone else who was listening in on the company’s conference call late Tuesday. And…

Headlines on this are here:The Reserve Bank of New Zealand have popped up more, can be found at this link to the Bank’s statement:LVR restrictions promote financial stability by limiting high-risk mortgage lending. This is done with the aim of reducing the impact and severity of housing market corrections by increasing the resilience of the banking system and households. Current LVR settings were put in place November 2021 when risks were elevated. The restrictions built resilience in the financial system, which has been evident in the past year as house prices have fallen without widespread impacts to financial stability.New Zealand…

Share: S&P 500 under pressure on banking sector concerns.  Plunging deposits at First Republic Bank have reignited worries over the health of the banking sector. S&P 500 is on the backside of bull trend, eyes on critical structures.  The S&P 500 is firmly down on Tuesday and is printing fresh lows in late trade to 4,074.22. The index has traveled between a high of 4,126.43 and a low of 4,074.07 so far and is losing 1.57% at the time of writing.  US stocks are on track to end lower on a slew of earnings reports that have come out…