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Wednesday, September 11, 2024

American Market Recap: USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?

USDCHF buyers look higher, but run into 38.2% retracement .Can the buyers keep going?

The USDCHF has moved higher today and in the process, has stretched toward the 38.2% of the move down from the mid-August swing high. That retracement level comes in at 0.8517, and that is where selle... 

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Crude oil futures settled at $67.31

Crude oil prices have been very volatile today with the price first moving higher to a high of $67.58, then moving lower to a low at $65.63 before rotating back to the upside and making new high price... 

NASDAQ index back above its 100 day moving average

The NASDAQ index fell -238.04 point at session lows today. It is now flipped that decline and transact 244.18 points or up 1.43% at 17269.. That is quite a reversal The move back to the upside has tak... 

GBPUSD bounces off natural support at 1.3000 today

The GBPUSD moved lower after the US CPI data, and in the process broke below its 38.2% retracement of the August trading range at 1.30363. The next target was at the 1.3000 level followed by the risin... 

Fed IG said Atlanta Fed Pres. Bostick violated Fed rules on trading

Fed IG releases a report on 11 Fed Pres. Bostick and his financial disclosure: Says Bostick violated federal rules on trading Bostick created appearance of acting on confidential information Bostick c... 

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FX option expiries for 11 September 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1000 level. Again, if anything else, it will help to act as a bit of a floor to price ac... 

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