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Tuesday, May 28, 2024

American Market Recap: EURUSD backs off from swing area today & moves toward hourly MAs. Those are the key levels

EURUSD backs off from swing area today & moves toward hourly MAs. Those are the key levels

As the trading day works to the close, the EURUSD has stalled at highs near a key swing area, and moved down toward the 200-hour MA at 1.08519 and then the 100-hour MA at 1.08347. Those tw... 

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WTI crude oil climbs above $80 for the first time in a week

The rise in oil prices has compounded the problems in the bond market today and conspired to help lift USD/JPY. It's up $2.44 to $80.16 in its largest gain since February. WTI crude oil daily The thin... 

Crude oil futures settle at $79.83

The price of crude oil futures settled at $79.83. That was right at its 200 day moving average. The price has subsequently moved above the moving average level and currently trades at $80.11. Crude oi... 

MUFG maintains long EUR/USD position with a target of 1.1050

EUR/USD daily MUFG continues to support a long position on EUR/USD, targeting a move towards 1.1050. The bank's analysis suggests a more balanced rate cut trajectory between the ECB and the Fed than t... 

An updated technical look at the GBPUSD. The technical levels/roadmap is clear to see.

The GBPUSD moved higher earlier in the day stalled near the swing area between 1.2793 and 1.2802. The area also had the advantage of being at a natural resistance at 1.2800. Sellers leaned and pushed... 

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FX option expiries for 28 May 10am New York cut

There are just two to take note of, as highlighted in bold . They are for EUR/USD and stuck together at the 1.0900-10 region. Alongside some technical resistance around 1.0885 and offers near the figu... 

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