"Alternatively, a close below support near 0.7690 would negate the idea."
You got that bit right.
You got that bit right.
The AUDUSD has been trending higher since March 2020. And this latest leg started in late October and early November when AUDUSD broke out from 0.70 support. As I’ve said for weeks, the Australian dollar looks determined to reach 0.8100 this year. Note that 0.8100 was the location of the double top from late 2017 to early 2018. With the uptrend intact on the higher time frames, it makes sense to watch for intraday continuation patterns. AUDUSD appears to have formed one on the 4-hour time frame. The 4-hour symmetrical triangle below hints at the next leg higher for AUDUSD. However, buyers need to clear resistance ... (full story)
tweet at 12:44pm: Fed Chair Powell: - Will only react to shortfalls in maximum employment rather than deviations - "Plenty of evidence" market participants have shifted their expectations to be in line with new lower-for-longer framework #Fed $USD tweet at 12:45pm: *Powell: Fed Won't Raise Rates Just to Ward Off Theoretical Inflation Threats tweet at 12:48pm: FED CHAIR POWELL SAYS IN NEAR TERM AS PANDEMIC RECEDES, COULD BE EXUBERANT SPENDING, UPWARD PRESSURE ON PRICES tweet at 12:53pm: Fed Chair Powell: - Doesn't feel any pressure from financial dominance - Leverage in private sector will not prevent the Fed from tightening - Have not seen a big uptick in corporate defaults - Time to raise rates is "no time soon" #Fed $USD tweet at 1:00pm: Fed Chair Powell: - No obvious imbalances threatened the US economy before Covid struck - Fast and powerful response from both fiscal and monetary authorities is without precedent #Fed $USD
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tweet at 12:20pm: TRUMP ADMINISTRATION ISSUES INTERIM FINAL TELECOMS SUPPLY CHAIN RULES, DECLARES CHINA, RUSSIA, IRAN, NORTH KOREA, CUBA AS FOREIGN ADVERSARIES
tweet at 1:22pm: FED CHAIR POWELL SAYS NOW IS NOT THE TIME TO BE TALKING ABOUT EXIT tweet at 1:23pm: Fed Chair Powell: - Now is not the time to be talking about exiting - Economy is still far from goals - Taper tantrum highlights the sensitivity markets have to asset purchase adjustments - Will be very careful about communicating purchases #Fed $USD tweet at 1:24pm: POWELL SAYS WE WILL LET THE WORLD KNOW WELL IN ADVANCE OF ANY TAPER OF ASSET PURCHASES
No ticket matched all six numbers in Wednesday's Powerball lottery drawing, pushing its weekend jackpot to an estimated $640 million. Tuesday's Mega Millions also failed to find a ...
Covid-19 has upended traditional economic thinking in a way that was even harder to anticipate than the virus itself. Economists were not prepared for a simultaneous supply and ...