Price action October 11
EURUSD remained a buyer in the market session. Preference remains short below the highs of 1.0630/1.0620. Be careful because the buyers of 1.06 are still sustained, so the sales are only up to 1.06. Once below 1.06 the selling extends to 1.0590/1.0580. The United States inflation data may suggest a bullish dollar. Keep in mind […]
Price action scalping OCT 10th
EURUSD remained a buyer in the current session. The preference is short if it falls below 1.06 to 1.0570. If the price remains above 1.06 at the European opening, it is possible that the buying intervals will extend to 1.0620 and 1.0630. Above 1.0630 the buying pressure increases to 1.0650. Remember that buyers are still […]
Price action SEP 20th
EURUSD had a mixed day. The preference is to sell below 1.07. Levels between 1.0660 and 1.0650 remain pending. It is important to consider the lows of 1.0660 and 1.0650 as buy reversal levels. While below 1.0650 we are going to sell until 1.0640/1.0630. GBPUSD despite its buying rally, the preference is to sell below 1.24. […]
Projections for US Retail Sales
This Friday the data of the retail sales in the United States will be presented. Data that demonstrated the evolution in the growth rate of economic activity. The projections show that there will be a slight growth reaching 0.4% from the fall to 0.3% that it had last month. The data is expected to be […]
High Impact Week: FOMC, BOE and Elections in Canada. Impact on dollar and pound this week
A stable market opening is expected given the activity of the central banks for this Wednesday and Thursday. Canada’s government elections will have a possible impact on the Canadian dollar. Volatility would be expected during Monday due to results. On Wednesday 3:00 pm EST we await the result of the FOMC review: announcements of cuts […]
The dollar prepares for Jackson Hole
Federal Reserve officials will meet this Thursday and Friday at the Jackson Hole world event for this year’s economic symposium. This type of event has been used on previous occasions to signal important policy changes. Plans for a gradual reduction of stimuli are expected to be laid out at the Jackson Hole meeting. The […]
BTC breaks new record in two months
Bitcoin breaks the $ 50,000 barrier. The bet on this cryptocurrency again took a race in recent weeks and the effects were felt in other cryptos and altcoins. Monday’s trading began with BTCUSD surpassing $ 50K, driven in part by PayPal Holdings launching a new cryptocurrency service in the UK. It is about the possibility […]
FOMC and Unemployment Act Australia: Impact Wednesday
Two high-impact publications will be presented this Wednesday. On the one hand, the United States will present the minutes of the FOMC, while in Australia, the changes in the unemployment rate will be presented. The announcements will be at 3pm and 10pm Argentina, respectively. The Fed is expected to provide more information in its […]
Central Banks begin changes in interes rate.
This Tuesday the Reserve Bank of New Zealand will rule on economic policy. The announcement will be at 11pm Argentina (GMT-3). Sharon Zollner, an economist and staff member at the Bank of New Zealand in Auckland, said that “It is clear that the New Zealand economy no longer requires extreme monetary stimulus,”. It is projected, […]
Crude under pressure.
This Wednesday, oil futures were hit lower after statements from the White House. The Organization of the Petroleum Exporting Countries and its allies were at the center of the discussion. Jake Sullivan, the US national security adviser, said in a statement that the Biden administration was “interacting with relevant members of OPEC + about the […]