Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The subsequent move to the upside took the price back above its 100-day moving average of 0.64874 (blue overlay line on the chart below). That moving average is – and remains
Share: The EUR/CHF is seeing a late break heading into Friday’s closing bell. Market sentiment is seeing a late-week rally as investors take one last dip into the risk well. The EUR/CHF pair is up 0.40% bottom-to-top as risk appetite makes a late recovery. The EUR/CHF dipped to a new low for the
Closing changes on the day: Stoxx 600 +1.0% German DAX +0.8% UK FTSE 100 +1.2% French CAC +0.9% Italy MIB +0.8% Spain IBEX +1.0% On the week: Stoxx 600 +2.8% German DAX +4.5% UK FTSE 100 +1.9% French CAC +2.7% Italy MIB +2.7% Spain IBEX +4.1% This article was written by Adam Button at www.forexlive.com.
Share: NZD/JPY was down by 0.40% on Friday and closed a 0.40% weekly gain. Buyers continue to be on the sidelines after pushing the pair to multi-year highs this week. Indicators are losing momentum on the daily chart. In Friday’s session, the NZD/JPY cross extended its decline towards 89.65 as investors continued to
Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct) Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct) Wed: UK Autumn Statement, Dutch Elections; US IJC (13 Nov w/e), Durable Goods (Oct), Uni. of Michigan Final (Nov), Australian Flash PMIs (Nov) Thu: US Thanksgiving (Market
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.
USDCAD The USDCAD is lower on the day, and in the process, fell below the 100-hour moving average in the early European session (blue line in the chart above currently at 1.37356). The subsequent fall to 1.3707 (reached in the morning North American session) so the price fall below the swing high from Wednesday and
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Share: The AUD/JPY saw a late break higher in Friday’s broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds remain. The AUD/JPY snuck over the 97.50 level just ahead of the Friday
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