The Japanese yen softened after dovish BoJ meeting minutes. On the daily chart, the pair is swinging in a flag consolidation. The uptrend is still intact and the bulls may see the choppy price action Read more…
The euro inches higher supported by the ECB’s shift to normalising its monetary policy. The psychological effect of parity had triggered a ‘buy-the-dips’ behaviour. A surge above 1.0200 prompted the short side to cover their Read more…
Markets Core bond yields yesterday sought to recover some of the heavy losses incurred on Thursday and Friday last week. With (small) success initially, especially in the US. European bond yields were helped by comments Read more…
As expected, markets were quiet overnight ahead of a deluge of tier-1 earnings, data, and the US FOMC policy decision over the rest of the week. Equity, currency, oil, and precious metals markets were content Read more…
Daily Pivots: (S1) 0.6903; (P) 0.6934; (R1) 0.6988; More… AUD/USD’s rebound from 0.6680 resumed after brief retreat and intraday bias is back on the upside. Sustained trading above 55 day EMA (now at 0.6967) will Read more…
Markets continue to be very quiet in Asian session today. Investors are clearly holding their bets ahead of tomorrow’s FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the Read more…
Bitcoin dips notably this week, following overall risk sentiment. Overall outlook stays bearish, with price actions from 17575 low displaying clear corrective structure. Upside of the recovery was also capped below 25083 support turned resistance. Read more…
In the minutes of June meeting, BoJ board said price rises have been broadening. But massive support is still needed for the economy while uncertainty surrounding the outlook was “extremely high”. “Many members spoke about Read more…
DXY: On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop to the 1st support at 105.642 in line with overlap support and 61.8% fibonacci retracement. Read more…
In a world where nearly all central banks are delivering hawkish surprises (certainly relative to their own guidance), it’s the Fed’s turn to step up – one of the many roles as traders is to Read more…