USD/JPY: On the H4 chart, price is still respecting the ascending channel. We are still bullish bias- Price is testing at the first resistance 144.918 where the 161.8% extension sits. If bullish momentum continues, it Read more…
US stock tumbled sharply overnight as traders added bets on another aggressive rate hike by Fed on September 21, next Wednesday. The moves came after stronger than expected consumer inflation data. DOW ended down -1276 Read more…
Top Japanese officials toughened up the talks on Yen, as it tumbled notably again overnight following US CPI data. Finance Minister Shunichi Suzuki said Japan wouldn’t rule out any response if current trends in the Read more…
Key Highlights Gold price is struggling to recover above the $1,735 resistance. A key bearish trend line is forming with resistance near $1,725 on the 4-hours chart. EUR/USD and GBP/USD are signaling a fresh bearish Read more…
If the data is stronger than expected, will GBP/USD move higher? It may, but most likely not to the extent that the US Dollar did after the stronger US CPI. Earlier today, the US released Read more…
Another strong inflation report for the US prompted a sharp reversal across global markets overnight – in favour of the US dollar and yields, but to the detriment of commodities and indices. Market made sharp Read more…
CPI components outside the FOMC’s direct control are holding inflation at historic levels. We now see the fed funds rate at 4.125% by year end. A near 11% decline in the price of gasoline kept Read more…
GBPUSD reversed from resistance level 1.1740 Likely to fall to support level 1.1400 GBPUSD recently reversed down from the key resistance level 1.1740 (former monthly low from July), 20-day moving average and the 38.2% Fibonacci Read more…
Tesla’s billionaire CEO abruptly withdrew his $44 billion takeover bid from the microblogging site after months of public tussle. The tension between Elon Musk and Twitter (TWTR) – Get Twitter Inc. Report continues to grow. The Read more…