GBP/USD falls back to test its key hourly moving averages For bank trade ideas, check out eFX Plus Cable was looking perky earlier on in the day but the upside move that took out the key hourly moving averages quickly stalled around the 61.8 retracement level of the the swing move lower since the end […]
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AUD/USD gains wither as sellers wrestle back some near-term momentum
AUD/USD turns flat and falls towards the lows for the day For bank trade ideas, check out eFX Plus The slight pullback in the risk rally in the past hour or so is seeing the aussie pare its earlier gains, falling from a high of 0.6977 to 0.6912 currently.
AUD/USD forecasts (and support/resistance)
Via Citi on the Australian dollar, first their projections: Out to 3 months: 0.72 – 6-12 mths: 0.73 – 'long term forecast: 0.75 Support/resistance – R2 0.7082 (July 2019 high)
AUDUSD trades between 100/200 hour MAs
100 hour MA at 0.6903 The AUDUSD has moved to a new session high as stocks and yield rebound, sending the risk pairs higher. The run to the upside has taken the price of the AUDUSD above the 100 hour MA and the 50% of the move down from last week's high at 0.69193. The […]
It's generally an inside day, but not in AUD/USD
AUD/USD tries to get above Friday's high The general theme today is a reversal but in EUR/USD, GBP/USD and USD/JPY, the price action has been inside of Friday's market move.
EURUSD breaks above 200/100 hour MAs
Helped by continued dollar selling The USD session lows vs. a number of currencies including the EUR. For the EURUSD, the price has been able to extend above the 200 hour moving average (green line) at 1.1301 and the 100 hour moving average (blue line) at 1.13174 on its way to a high price for the […]
Crude oil futures settle at $37.12
Reverses early declines and closes up $0.86 or 2.37% The price of Brent crude futures settle at $39.72. That was up $0.99 or 2.56% on the day For bank trade ideas, check out eFX Plus
FX option expiries for Tuesday June 16 at the 10am NY cut
EUR/USD USD/JPY For bank trade ideas, check out eFX Plus
Powell: There's a reasonable probability more support will be needed from Fed and congress
More from Powell taking questions from Congress For bank trade ideas, check out eFX Plus
Powell if market function continues to improve, we will taper corporate bond program
Powell comments – I don't see us wanting to run through the corporate bond market like an elephant – We want to be there if things turn Powell said that if the market continues to function, then the Fed simply won't buy as many corporate bonds. His comments almost suggest they're reluctantly participating just to [&hellip