-
AUD/USD Selloff Pushes RSI Back Into Oversold Territory
AUD/USD trades to a fresh yearly low (0.6247) as it extends the series of lower highs and lows from last week, and the move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the exchange rate like the price action from last month. AUD/USD Selloff Pushes RSI Back Into Oversold Territory: AUD/USD registers the longest stretch of decline since September 2020 as it falls for six consecutive days, and the bearish price action may persist as long as the RSI holds in oversold territory. As a result, AUD/USD may continue to trade to fresh yearly lows as it snaps the range bound ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Oct 12, 2022|1 commentUS Treasury Secretary Janet Yellen said the strength of the dollar is the “logical outcome” of different monetary policy stances globally and that its value should be set by the ...
From @LiveSquawk|Oct 12, 2022|27 commentstweet at 12:05am: BoE Signalled Privately To Bankers It May Extend Bond-Buying - FT https://t.co/j9BSOCNe9N tweet at 12:14am: The British Pound is gaining after reports from @FT that the BoE signaled privately to bankers it may extend bond purchases LITERALLY hours earlier we had Governor Andrew Bailey say that intervention ends on Friday (marked on the chart below) $GBPUSD https://t.co/vXtVAu2dZ0 https://t.co/04TMlgClSN tweet at 12:14am: REPRESENTATIVES FROM BOE INFORMED SOME LENDERS IT WAS PREPARED TO EXTEND BOND FACILITY PAST OCT 14 END DATE IF MARKET CONDITIONS DEMANDED IT - FT The spike in GBP volatility and upside in gold short term government and CB interventions from other countries
From blueberrymarkets.com|Oct 12, 2022video The price of GBPJPY has recently found support at a key level. This recent move could have been driven by the latest announcement from the Bank of England which stated ...
-
- Newer Stories
From ons.gov.uk|Oct 12, 2022|2 commentsGross domestic product (GDP) is estimated to have fallen by 0.3% in August 2022, after growth of 0.1% in July 2022 (revised down from a growth of 0.2% in our previous ...
From ons.gov.uk|Oct 12, 2022Monthly construction output increased by 0.4% in volume terms in August 2022, which is the second consecutive monthly growth following the upwardly revised increase to 0.1% in ...
From ons.gov.uk|Oct 12, 2022In August 2022 the value of imports of goods rose by more than that of exports, with high gas prices having a strong impact. Total imports of goods, excluding precious metals, ...
- Story Stats
- Posted: Oct 12, 2022 1:42am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 625
