Tag: Pullback
USD/CAD Rate Pullback Eyes 50-Day SMA
Canadian Dollar Talking PointsUSD/CAD appears to be reversing course ahead of the November 2020 high (1.3371) as it initiates a series of lower highs [...]
SPX Begins Pullback from Resistance
S&P 500 Talking Points:The month of May closed with as a long-legged doji in the S&P 500, a sign of indecision after an aggressive sell-off s [...]
EUR/USD Pushing Higher as US Traders Buy Overnight Pullback
EUR/USD - Talking PointsEUR/USD recovers after briefly falling back below 1.07ECB now priced for 33 basis points of tightening in JuneFed’s Waller hi [...]
Record EU Inflation, EUR/USD Risking a Pullback
EUR/USD Analysis and Talking PointsEuro Area Inflation Hits Fresh Record Peak, Supports ECB Rate Hike CaseEUR/USD Upside Momentum Stalling, Risk of E [...]
USD/JPY at Risk of Pullback on Mounting US Recession Fears
USD/JPY OUTLOOK:Despite Wednesday’s small bounce, USD/JPY has been correcting lower in recent days, tracking the pull-back in U.S. Treasury ratesWeak [...]
EURUSD Pullback Threatens Recent Gains
EUR/USD AnalysisEurozone PMI relief despite the disappointing numbers Wednesday full of ECB member speeches/appearances ahead of FOMC minutesEUR/USD [...]
USD/JPY to Face Larger Pullback on Break of Monthly Opening Range
Japanese Yen Talking PointsUSD/JPY trades to a fresh weekly low (129.45) as it gives back the advance following the smaller-than-expected slowdown in [...]
Prepping for Pullback? EUR/USD, USD/JPY
US Dollar Talking Points:This morning brought another jaw-dropping inflation release. But, notably, the US Dollar quickly gave up gains after that re [...]
S&P 500 Holds Losses Despite Pullback in Short-Term Consumer Inflation Expectations
CONSUMER INFLATION EXPECTATIONS KEY POINTS:April U.S. consumer inflation expectations at a one-year horizon falls to 6.3% from 6.6% in MarchIn contra [...]
USD/JPY Susceptible to Larger Pullback amid Preset Path for Fed Policy
Japanese Yen Talking PointsUSD/JPY snaps the range bound price action from earlier this week even as the Federal Reserve delivers a 50bp rate hike, a [...]
Bitcoin Pullback Deepens; Support at $37K
BTC's current pullback is similar to what occurred in September of last year, when buyers began to take profits around the $46,000-$50,000 resistance [...]
Bitcoin Extends Pullback; Support at $37K, Resistance at $46K
Bitcoin (BTC) continues to trade around the $40K price level, which is the midpoint of a three-month long price range. The cryptocurrency is strugglin [...]
US Dollar Pullback Begins: EUR/USD, GBP/USD, AUD/USD, USD/JPY
US Dollar Talking Points:The US Dollar has finally pulled back after a forceful move up to another fresh yearly high. I had looked at this in-depth i [...]
XAU Weighs Yields, US Dollar, Fed Path Amid Crude Oil Pullback
Gold, XAU, US Dollar, Treasury Yields, Oil, Fed - Talking PointsGold prices slightly lower after an overnight drop on US stock rally A rise in real a [...]
Bitcoin Extends Pullback Toward $40K-$43K Support
Bitcoin (BTC) broke below a month-long uptrend, which means sellers are in control. Pullbacks appear to be short-term within a broader recovery phase [...]