A technical look at broader stocks and key forex pairs including EURUSD, USDJPY and USDCAD
globalreutersJuly 24, 20241 Mins read This video is a potpourri of various instruments. At first I take a look at the broader stock indices which are getting hammered on concerns of growth slowing (and costs increasing). I then transition into some of the major currency pairs which are moving today including the:
- EURUSD – Trying to bounce
- USDJPY – Continuing to get hammered and now below the 38.2% of the move up from the December low
- USDCAD – The Bank of Canada cut rate by 25 basis points and the pair tests the high of the trading range going back to late April.
What levels are in play and why? I go through it all in this comprehensive video. You will want to know.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
What are the calls going into the ECB policy decision later?
Let's dive straight into it.Deutsche Bank25 bps rate cutFocus on staff projections,...
Bitcoin Today by tradeCompass
tradeCompass – Bitcoin Futures (March 6, 2025)Bitcoin Futures Trading Map – Key...
Nifty 50 Index Elliott Wave technical analysis [Video]
Function: Counter Trend (Minor Degree, Grey). Mode: Corrective.
TRY: CBT continues cutting cycle while interest in FX continues unabated – ING
The central bank of Turkey will cut rates again by 250bp to...
Leave a comment