FX Weekly Recap: August 14 – 18, 2023

Stronger-than-expected U.S. and U.K. data releases supported hawkish biases for the Fed and BOE, boosting both the U.S. dollar and British pound to the top of this week’s rankings. Meanwhile, China’s growth concerns kept a lid on the demand for commodity-related currencies like AUD and NZD, as well as fueling risk aversion behavior this week.

USDJPY returns to the lows for the day after the 100 hour MA area finds sellers

USDJPY back down testing the lows The early buying of the USD in the North American session, took the price above its 100-hour moving average near 145.70. The high price reached 145.755 and 145.733 consecutive hourly bars. However, momentum could not be sustained (with the next key target at 145.90), and short-term buyers were forced

United States CFTC Oil NC Net Positions declined to 242.1K from previous 255.9K

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Shved Supply & Demand MT4 Indicator

In the dynamic world of financial markets, traders are always on the lookout for tools that can help them make informed decisions. One such tool that has gained significant attention is the Shved Supply & Demand MT4 Indicator. This indicator, renowned for its effectiveness in technical analysis, serves as a valuable asset for traders seeking

No Grayscale vs SEC decision today

Eyes are on the US court of appeals for the D.C. Circuit for a potential decision in the bitcoin spot ETF case with Greyscale suing the SEC for approval. Some were pointing to slate of decisions today set for 11 am ET but that came and passed with four decisions and nothing on Greyscale. Signs

FX Play of the Day Recaps: August 14 – 17, 2023

Our strategists had an extraordinary week with arguably four out of four strategy discussions catching solid moves in FX and gold! Our anticipation of global risk-off vibes played out well, so read further to see how fundamentals drove price and what lessons can be learned for your own trading! NZD/USD 1-Hour Forex Chart by TV