USDJPY moves closer to the 110.00 area 50% of the move down from last weeks high tested at 109.95. The 200 hour MA is at 110.036 The USDJPY as traded up to 109.94 and is getting closer to the resistance target including the:
AUDUSD moves to a new session low Moves closer to November 13 low The AUDUSD has moved to a new session low at 0.7230. The price is approaching the November 13, 2020 swing low at 0.72210. A move below that level, is a another step in the bearish direction. The low price just reached 0.72304.
CDC: Vaccine protection against severe disease remains relatively high CDC director Walensky speaking on Covid CDC Director Walensky is speaking on Covid. Says:
USDCHF continues its run higher Price moved above its 100 hour moving average and now 200 hour MA The USDCHF has seen increased upside momentum over the last hour or so of trading.
The Daily Beast Names Tracy Connor as Its Editor in Chief She will take over immediately as editor in chief, a role vacated by the recent departure of Noah Shachtman, who left for the top job at Rolling Stone magazine.“I really want to double down on investigations and impact,” said Tracy Connor, the new editor in chief at The Daily Beast.
Atlanta Fed GDPNow tracker lowered to 6.1% from 6.2% previously Decline comes off of the housing start data release this morning In their own words:
Crude oil inventories show a draw of -3.234M versus estimate -1.055M Weekly EIA crude oil inventory data - crude oil inventories fall -3.234M versus expectations of -1.055M - gasoline build of 0.696M versus expected drawdown of -1.671M
Comcast, ViacomCBS Team Up for European Streaming Service SkyShowtime The media giants plan to launch the new paid streaming service across Europe next year.
Inflation Is Higher in the U.S. Than Elsewhere, but Don't Panic While prices in the eurozone appear to be rising more slowly, the difference isn’t best explained by any inflationary economic policies in Washington.
GBPUSD rebounds toward 50%/200 day MA 50% midpoint of the range since July 20 at 1.3777. The 200 day moving average 1.37804 The GBPUSD has rebounded off of a support area today and has worked its way back toward key resistance (and bias defining area) from the 50% midpoint of the range since July 20 at 1.3777 and the 200 day moving average at 1.37804.
Coinbase Builds a $4 Billion Cash Pile Ahead of Possible Regulatory Tightening Coinbase Global Inc. in its first months as a public company has built a $4 billion cash stockpile as it benefits from a trading frenzy and prepares for closer regulatory scrutiny.
The Politics of Regulation Intrude on Fed Succession Banks got safer under Chairman Jerome Powell, but some Democrats still want someone else to run the Federal Reserve.
AUD/USD Rate Tracks Descending Channel Ahead AU Employment Report AUD/USD may continue to give back the advance from the November 2020 low (0.6991) as it trades within a downward trending channel.
S＆P and NASDAQ turn positive Broader indices race modest losses The Dow industrial average remains lower by around 29 points or -0.08% at 35315.24. It fell as much as -0.43% in early New York trading before rebounding.
WHO speaking on Covid: Delta variant circulating in areas of low vaccination The World Health Organization weighs in on the recent Covid developments The comment from the WHO suggests a difference of opinion which would no doubt muddy the waters for any attempt to administer another shot.
Conspiracy Theories Aside, There Is Something Fishy About the Great Reset The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.
USDCHF ping pongs between moving average levels 100 day MA below and 100 hour MA above The USDCHF fell into the European morning session, and the move lower fell below a swing area between 0.91286 and 0.91326.
US major indices open lower. NASDAQ rebounds modestly higher in early trading Dow and S&P down for the second consecutive day A look at other markets as new trading gets underway shows A snapshot of the forex market continues to show the GBP as the strongest of the majors, while the NZD remains the weakest. The US dollar remains mixed with gains versus the JPY, CHF, AUD and NZD, and declines
The NZDUSD is back down testing the lower swing area The pair failed on the RBNZ decision break, but stalled near resistance on the bounce. The RBNZ kept rates unchanged after the government imposed new lockdown restrictions and Covid cases started to increase.
The former Afghan central bank chief says the Taliban can’t access most of country’s reserves. Ajmal Ahmady said the central bank had $9 billion in international reserves, including $7 billion at the Federal Reserve. The Biden administration has frozen the assets in U.S.