Month: July 2019

Breaks below the 1.1100-09 swing lows for 2019 The EURUSD has made a break for it.   The break?  Below the low for 2019.  Those lows came in at 1.11094 from the week of April 9.  During the week of May 19, the low reached 1.11064.  Last week the low reached 1.11007. Today, the price moved
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Fed jitters? WTI crude is flat on the day, dropping 70-cents from the highs, which were hit just 30 minutes ago. Crude rallied on a surprise draw in US inventories and hit $58.82 but the nearby 100-day moving average capped the gains and there has been a sharp selloff to $58.05. There aren’t any headlines
Annual CPI in Australia rises to 1.6% in second quarter. Positive headlines on US-China trade talks support antipodeans. FOMC is expected to announce a 25 basis points rate cut later today. After closing the previous ten days in the negative territory, the AUD/USD pair gained traction and finally staged a decisive recovery boosted by the
Latest data released by INSEE – 31 July 2019 Prior +0.2% CPI +1.1% vs +1.1% y/y expected Prior +1.2% HICP -0.2% vs -0.3% m/m expected Prior +0.3% HICP +1.3% vs +1.2% y/y expected Prior +1.4% ForexLive The annual headline reading comes in within expectations with the EU-harmonised reading beating estimates slightly. That said, inflationary pressures
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June 2019 US pending home sales data: Prior was +1.1 m/m Sales y/y -0.6% vs +0.7% expected Prior y/y sales -0.8% Full report That drop in y/y sales indicates some revisions somewhere down the line. From the release: Lawrence Yun, NAR chief economist, said the 2.8% increase can be attributed to the current favorable conditions
Via Bloomberg Yuan bulls should have their hand strengthened this week with the People’s Bank of China seen as unlikely to follow a Fed rate cut.The Federal Reserve is now seen as definitely cutting tomorrow. However, the chances of a 50bps cut now seem remote to me and a 25bps cut is most likely. The
BOJ held its monetary policy unchanged while cutting near-term inflation and GDP forecasts. USD/JPY traders decline marginally as market expected a bit dovish statement. US data, trade/political headlines in the spotlight for now. With no major change in the Bank of Japan’s (BOJ) monetary policy, the USD/JPY declines to 108.68 during early Tuesday. Meeting wide
A series of bullish clues in trading on Monday There was a series of successive bullish technical clues in the gold hourly chart during Monday’s trading. The swing low on Monday stalled right at a lower trend line and bounced (trendline is at $1415.52 currently) The price moved above the 100 hour moving average (blue line)  at $1420.83  The price moved above the