This Monday, 14 August, the major currency pair is hovering near 1.0940. The market is focused on the future actions of the Federal Reserve System. Last weekend, major US investment houses made their forecasts on Read more…
Daily Pivots: (S1) 144.59; (P) 144.79; (R1) 145.17; More… Intraday bias in USD/JPY remains on the upside as rise from 127.20 is extending. Next target is 61.8% projection of 129.62 to 145.06 from 137.22 at Read more…
Investor attention is set to pivot towards Japan’s Q2 GDP data in the upcoming Asian session. Preliminary forecasts project a qoq growth of 0.8%, translating to an annualized expansion of 3.1%. In today’s trading, Nikkei Read more…
The uptrend in 2023 is due to the difference in the monetary policy of the Bank of Japan and the US Federal Reserve. As the chart shows, USD/JPY hit 145.22 yen per US dollar today. Read more…
Market Picture During the week, the crypto market gained 0.7% and showed very low volatility over the last four days, with movements around the $1.17 trillion level. The Cryptocurrency Fear and Greed Index moved into Read more…
Daily Pivots: (S1) 183.55; (P) 183.89; (R1) 184.38; More… Intraday bias in GBP/JPY remains on the upside at this point. Sustained break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection Read more…
Daily Pivots: (S1) 183.55; (P) 183.89; (R1) 184.38; More… Intraday bias in GBP/JPY remains on the upside at this point. Sustained break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection Read more…
Daily Pivots: (S1) 1.0926; (P) 1.0965; (R1) 1.0988; More… Intraday bias in EUR/USD stays neutral for the moment. On the downside, break of 1.0911 will resume the fall from 1.1274 to 1.0832 support. Sustained trading Read more…
The week starts on a bad mood as the Chinese property worries escalate with Country Garden suspending almost a dozen of onshore bonds starting from today. Plus, Zhongzhi Enterprise Group, which has around 1 trillion Read more…
DXY: The DXY chart is currently exhibiting a bullish momentum driven by the price breaking above a descending resistance line, indicating a potential upward trend. With this bullish sentiment, there is a possibility that the Read more…