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Monday, May 20, 2024

American Market Recap | USDJPY moves to a new high after basing near 155.95 support. That is close risk now.

USDJPY moves to a new high after basing near 155.95 support. That is close risk now.

USDJPY bases off 155.95 The USDJPY moved lower in the European session today, after an Asian session run up that moved up to test a swing area near 155.95. The subsequent move higher took the price to... 

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Crude oil settles at $79.80

Crude oil futures are settling at $79.80. Down $0.26 on the day. Sky news Arabia earlier said that they propose that Israel invaded Lebanon to "completely destroy Hezbollah". The Headline went to a m... 

Cleveland Fed Pres. Mester: Monetary policy is restrictive. Neutral rate may be higher

Cleveland Fed Pres. Mester is speaking on Bloomberg TV and says: Monetary policy is restrictive. Inflation progress stalled in first three months April CPI report was good news, but too soon to tell w... 

GBPUSD extends to a new highs for the day. What next?

GBPUSD stretches to next key swing area The GBPUSD is stretching to a new high for the day and in the process has reached a new swing area between 1.27229 and 1.27351 (see red numbered circles on the... 

Microssoft Introduces copilot plus PCs.The price of MSFT is moving closer to all-time high

Microsoft's Nadella introduces the Copilot+PCs. The PC was described as the fastest most AI ready Windows PC ever built 58% faster than M3 MacBook air Plan to integrate open AI's latest GPT model AMD... 

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Latest Forex Orders

FX option expiries for 20 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first ones are for EUR/USD at 1.0875 and 1.0900. That is likely to keep price action more compact in that range on the day,... 

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