GBPUSD dips back below the 100/200 hour MAs
GBPUSD falls below the 100/200 hour moving averages The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order […]
US Breaking News: Q4 GDP Surges to 2.9% on the Quarter, USD Dips
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market Source link
Bitcoin (BTC) Flirts with $21000 While ETH/USD Dips Below $1600.
Bitcoin (BTC), Ethereum (ETH) Price Analysis: Recommended by Tammy Da Costa Get Your Free Bitcoin Forecast Bitcoin prices have fallen back into a narrow range of support and resistance, forming around the key psychological level of $21000. After experiencing a strong start to 2023, major cryptocurrencies have snapped back from their recent rally that has […]
Japanese Yen Dips as JGBs Retreat from Bank of Japan Cap. Where to for USD/JPY?
Japanese Yen, USD/JPY, US Dollar, BoJ, China, Fed, FOMC – Talking Points The Japanese Yen appears to have mixed messages for now Chinese New Year on the re-opening could provide stimulus The Fed are maintaining their message. Where will that send USDJPY? Recommended by Daniel McCarthy Get Your Free JPY Forecast The Japanese Yen slipped […]
AUDUSD dips to the 100 hour MA and finds buyers on the first look
AUDUSD bounces near the 100 hour moving average The move down in stocks and up in yields sent the price lower in the late London morning session, in the early New York session, the price fell below the swing highs from Monday and swing lows from yesterday and today between 0.6943 and 0.6949. The price […]
USDJPY dips to a new low. Lower inflation from Michigan helps that move to the downside.
USDJPY falls below the 61.8% retracement Looking at the daily chart, the price has moved below the 61.8% retracement of the move up from the 2022 low and trades at the lowest level going back to early June 2022. That level comes in at 128.16. The low price reached 127.55. The current price trades at […]
USD Dips Ahead of Powell Speech, US Inflation Data
The USD dipped against the EUR ahead of Federal Reserve Chairman Jerome Powell’s speech later today. Will the currency continue last year’s story of strength or is there a new theme of dollar weakness in the air? The US Dollar’s strength was a long-running theme in 2022, affecting the affordability of commodities like crude oil […]