Month: May 2022

In the minutes of the May 3-4 FOMC minutes, Fed said, “most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings”. That is Read more…

DXY: On the H4, with prices below the ichimoku indicator and past the bollinger band’s basis line in a downtrend, we have a bearish bias that price will drop to our 1st support at 101.560 Read more…

May 3–4, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, May Read more…

Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet. The USD was broadly higher overnight as the FOMC minutes Read more…

Recent comments from ECB policymakers suggest that “gap” between interest rates on the two sides of the Atlantic will be smaller than expected… As my colleague Joe Perry noted earlier this week, EUR/USD had room Read more…

Short Term Elliott Wave View in GBPJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 155.55. Pair rallies from that level building an impulsive structure as wave 1. Up from Read more…

EURCAD continues daily downtrend Likely to fall to support level 1.3600 EURCAD recently reversed down from the pivotal resistance level 1.3755 (which reversed the pair multiple times from April). The resistance level 1.3755 is further Read more…

EURGBP reversed from resistance level 0.8590 Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the key resistance level 0.8590 (which has been reversing the price from last November) strengthened Read more…

The minutes from the May 3-4, 2022 Federal Open Market Committee (FOMC) meeting showed that the Fed is fully committed to curtailing inflation. On the progression of the economy, the Committee members noted that “although Read more…