Moving toward 100 hour MA and 50% of week’s range now The USDCAD has moved lower and higher this week. The fall to the low on Wednesday cracked a lower trend line but held the more important 100 day MA.
Market holds intraday levels on corrections today keeping the bulls in control Looking at the 5-minute chart of the EURUSD, the price in the Asian session moved above the 100 bar MA (blue line) and started to move higher.
Powell at Jackson Hole on August 24, 2018: A bit dovish at first take. The lines on the conditions for the hikes are a bit soft and there isn’t the same kind of optimism on the economy that we heard from a few other Fed members at Jackson Hole.
Turnbull out as PM and Morrison is in The political situation in Australia changed with PM Turnbull out and Morrison in. That helped to send the AUDUSD higher in the Asian session. Technically, the price moved to the 200 hour MA and 38.2% of the move down this week at 0.7290-92. Later, those levels were…
What’s priced in for the Fed funds rate The next meeting is September 26 and the market is pricing in a 95% chance of a hike. The market has also been pricing in a higher chance of a second hike this year in December. That’s up to 68.4%, up from 58% at the start of…
Comments by China’s foreign ministry here here ForexLive While it hasn’t escalated to extremely strained tensions between the two countries, it does continue to push the issue and makes for some uneasy times for investors banking on the Australian (inadvertently Australia’s ties with China) economy.
USD/RUB touches 68.70 ForexLive The pain continues for the rouble as it is down by close to 1% on the day against the greenback. Further sanctions kicked in on Tuesday inflicting further economic pain on Russia and US officials have said that .
Latest data released by Markit – 23 August 2018 – Prior 55.1 – Services PMI 54.4 vs 54.4 expected – Prior 54.2 – Composite PMI 54.4 vs 54.5 expected – Prior 54.3 ForexLive
Latest data released by Markit/BME – 23 August 2018 – Prior 56.9 – Services PMI 55.2 vs 54.3 – Prior 54.1 – Composite PMI 55.7 vs 55.1 expected – Prior 55.0 ForexLive
Comments by UK Brexit secretary Dominic Raab – But there will also be opportunities – No-deal Britain will be a responsible partner, expects similar understanding from the EU ForexLive