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Wednesday, October 2, 2024

American Market Recap: USDJPY retests the highs from last Friday

USDJPY retests the highs from last Friday

The USDJPY is trading to a new high at 146.47. In doing so, the pair is up testing the high from last Friday at 146.465. Technically, a move above that high with momentum would have traders targeting... 

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Goldman Sachs: Be careful with USD shorts, EUR/USD could head to 1.0950

EURUSD daily Goldman Sachs notes a notable shift in market sentiment regarding widespread short positions in the USD, suggesting caution over how much further USD weakness can persist. Key Points: The... 

Barkin Q&A: 'Last mile' of inflation may still take longer than expected

US debt level is a concern in the long term Worried price pressure could get 'stuck' next year Sees two further quarter-point cuts this year as a 'reasonable path' if economy evolves as expected Expec... 

US crude oil futures settles at $70.10

The price of crude oil futures are settling at $70.10. That is up $0.27 or 0.39%. The high price today reached $72.45. The low price was at $69.90 Technically, looking at the hourly chart, the high pr... 

AUDUSD moves into a more neutral territory as sellers are back in play

The AUDUSD moved above a ceiling from June and July 2023 near 0.6900 last week on it's way to a high near 0.6941. After trying to hold support near the 0.6900 level on Friday, Monday and part of Tues... 

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FX option expiries for 2 October 10am New York cut

Justin is off for a few days. I am not jealous. Nope. :-( For the 10am New York cut today, Wednesday, October 2, 2024: USD/JPY 144.00 (USD832m), 139.00 (USD560m) EUR/USD 1.1025 (EUR2.11b), 1.1125 (EUR... 

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