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The "market" is looking for the next shove The USDJPY moved up to test the 50% retracement of the move down from the March 25 high in trading yesterday. That level comes in at 109.309. The high price yesterday did extend above that level to 109.37, but the move was short lived. The price started

High from last week reached 0.6213. The AUDUSD has been pushing toward the swing hi from last week at 0.6213. The last 3 hourly bars has seen highs at around 0.6207.  

The 100 hour and 100 day MAs were broken today, but work to do to take more control. The USDCHF was trending higher and above a downside trend line supporting that trend coming into the trading day today (see hourly chart and the red numbered circles). 

Extends above the swing/MA area. The GBPUSD is remaining in an up and down trading range with a low at 1.2144 and a high at 1.2484.  The low in the early Asian session approached the lower extreme over the last 8 trading days, but could not extend to the level, or below it. The pair's […]

The pair moves toward the 38.2% retracement target and 200 hour moving average The EURUSD has been trending higher in trading today after breaking above a topside trend line and bottoming yesterday near the lows from Friday (forming a floor).  

Cable recovers The AUD is the strongest (the RBA kept rates unchanged as expected), and the USD is the weakest as the North American session begins. The GBP is seeing some upside momentum into the session on reports that PM Johnson is doing well, not on a ventilator and may be leaving the ICU today […]

USD/CAD is down by 100 pips on the day to test the 1.4000 level ForexLive The pair fell to a low of 1.3993 on the session as the dollar continues to trade softer across the board while oil prices remain underpinned on OPEC+ hopes and the more positive risk mood in trading today.

EUR/USD starts to trade back above its 100-hour moving average ForexLive The dollar slump today is the main story in the currencies market, as the greenback gives back some of the gains from the last week to start the European morning.

GBP/USD is up by over 100 pips on the day ForexLive The dollar is continuing to weaken across the board and that is leading to cable running to hit a session high of 1.2340 on the day now. Notably, cable is testing key near-term levels at around 1.2319-28 from the key hourly moving averages.

Announcements from the ECB The backdooring of the United States of Europe continues. ForexLive