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<p>Like the AUDUSD, the NZDUSD moved higher in the early Asian session and in the process pushed away from a swing area support between 0.6117 and 0.6125. The swing area was tested on the decline yesterday. That move lower also took the price below the 200-hour moving average for the first time since November 14. […]

<p>The AUDUSD pair experienced a notable uptrend in the early hours of the Asian-Pacific trading session today. During this period, the currency pair managed to break above a significant technical threshold, the 200-day moving average, positioned at 0.65773. This movement initially indicated a potential shift in market sentiment favoring the

<p>The USDCAD pair is currently showing signs of bullish momentum, as evidenced by its breakthrough above two key technical levels: the 100-day moving average at 1.3573 and the falling 200-hour moving average at 1.3576. </p><p>Sustaining above these moving averages typically signals a stronger bullish bias. However, it's wort

<p>The US hombuilders ETF $XHB today is at an all-time high in what could be a breakout from a double top.</p><p>The sharp rise since late October mirrors the drop in US Treasury yields over that time and highlights the pent-up demand for US home ownership. We may never see 2% rates for 30-year fixed mortgages […]

<p>Politics is a tough game.</p><p>Two months ago, Kevn McCarthy was the House majority speaker and today he announced that he won't run in the 2024 election.</p><p>However he was pushed out by some of the same tea-party style Republicans that pushed him as high as third-lin-line for the Presidency. In the WSJ, he

<p>The Atlanta Fed GDPNow model estimate for Q4 growth rose to 1.3% from 1.2% last. In their own words:</p><blockquote>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 1.3 percent on December 6, up from 1.2 percent on December 1. After recent releases from the US [&he

<p>The oil ministers at the OPEC+ meeting last week must think they're in a nightmare. After some serious neck-wringing, they managed to come to a consensus to cut by an additional 800k bpd and extend voluntary cuts through Q1. The hope was that would lead to a a rebound in oil prices but instead we've […]

<p>Over the past 6 to 7 days, the USDCHF pair has established a resistance range between 0.8755 and 0.8770 (see yellow area on the chart below). </p><p>In today's trading, the pair peaked at 0.8759, just below the falling 200-hour moving average of 0.87595, indicated by the green line in the chart. That high also installed [&

<ul><li><a href="https://www.forexlive.com/news/weekly-eia-inventories-crude-oil-1609k-versus-933k-expected-20231129/" target="_blank" rel="follow">Prior </a>was +1609K</li><li>Crude -4632K vs -1354K exp</li><li>Gasoline +5421K vs +1027K exp</li><li>Distillate

<ul><li>Prior was +113K (revised to +106K)</li></ul><p>Details:</p><ul><li>small (less than 50 employees) +6K vs +19K prior</li><li>medium firms (500 – 499) +68K vs +78K prior</li><li>large (greater than 499 employees) +33K vs +18K prior</li></ul><p>Changes in