NZD/USD retreats from daily highs ahead of FOMC minutes

Share: NZD/USD rose to a high of near 0.6000 but settled near 0.5950. RBNZ held rates steady at 5.5% as expected but sounded hawkish. Investors await key FOMC minutes for forward guidance. On Wednesday, the NZD/USD traded strongly following the Reserve Bank of New Zealand (RBNZ) decision but failed to maintain its momentum and

Slumps below 94.00 after reaching weekly highs nearby 95.00

Share: AUD/JPY faces resistance from Tenkan and Kijun-Sen lines, currently trading just above at 93.93. Downside potential targets include the bottom of the Ichimoku Cloud at 93.45 and the 93.00 psychological level. On the upside, reclaiming 94.00 could see challenges at the August 15 high (94.86) and the Kumo top near 95.00/05. The

Oil Testing Fresh Multi-Month Highs, EIA Crude Oil Data

Oil Prices, Charts, and Analysis Oil prices re-test multi-month highs EIA crude oil stocks rise, gasoline stocks fall. Recommended by Nick Cawley How to Trade Oil The price of oil continues to press higher despite an unexpected build in EIA crude oil stocks. After last week’s unexpectedly large fall, today’s build should press down on

US home prices hit all-time highs

Black Knight today reported that June US house prices rose 0.67% in the month after a 0.80% rise in May. They say the trend points to a 2% y/y price increase in July, if not higher. “At the national level, home prices have now fully erased their 2022 corrections hitting new all-time highs in June

New highs for the EURUSD as Europe works toward the end of week

EURUSD trades to a new session high The EURUSD has extended to a new session high as London/European traders look toward the end of week. The price is approaching the swing high from Monday near 1.10449. The high price from last Friday reached 1.10467. The 38.2% retracement of the move down from the July high