Tag: alert

Oil is the big story today, but from a technical point of view, more time is required before we can get some sort of idea on it. There could be a gap fill play, but that’s a bit of a dart at the wall, in my opinion, at the moment.

Today we noticed that the US30 has started to fade at a previous level of resistance. With the Core PCE to come, could an expected jump to the upside add to the small seller momentum we are starting to see? This is just a general observation, not a trade idea.

Hi traders, today’s update, we are looking at ETH on the daily chart. Recently cryptos have been doing well, and Bitcoin, in particular, has been leading the run.

Today we are looking at the USDJPY as it's a good example of multiple signs that could show a new push higher. Sometimes the more evidence you have to back up an idea, the better.

The GBPUSD has seen a nice run of late, so far, two higher weeks in a row after a flat finish after a solid fightback. Looking forward, buyers face resistance at 1.2425, and there's minor support along the current trend at 1.2050 and 1.2195.

What currently has our attention is the new higher low after buyers broke two points of resistance last week. This is a promising sign after seeing price breakout of what could be an ending diagonal.

Traders will be looking forward to today’s FOMC seeking future direction on rates as inflation starts to cool but remains high.

Today we are looking at the USD Index, and asking if we could be looking at a new leg lower. Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control.

The EUR is our focus today, and so is today's ECB meeting. Some talk emerged that due to the banking crisis, we might see central banks pull back from hikes, but for now, that's yet to be confirmed.