The struggling Japanese yen is in negative territory for a fourth straight day. In the European session, USD/JPY is trading at 136.71, up 0.61%. Japanese Core CPI hits 14-year high Japan’s core inflation continued to Read more…
Stock futures lower as rate bets, inflation worries accelerate; Applied Materials shares bump on Q3 earnings beat, outlook; Deere shares in focus ahead of Q2 earnings; Bed, Bath & Beyond plummets as Cohen completes share Read more…
GBPJPY faced another rejection from the 20-day simple moving average (SMA) at 162.66 on Thursday, which has been capping bullish corrections since the start of the month, but the pullback was only mild, with the price immediately pausing around Read more…
USDCAD is heading north above the short-term simple moving averages (SMAs) after a bounce off the 200-day SMA, which holds near the 1.2730 support level. According to the technical indicators, the MACD is gaining ground Read more…
Inflation continues to rise in Japan, albeit at a much slower pace than its peers. But we don’t expect a rate hike any time soon. Overall inflation in Japan rose 2.6% y/y, which is its Read more…
The Nasdaq 100 consolidates as the Fed stays committed to raising rates to rein in inflation. The market mood further improved after a close above last May’s high at 13500. However, the RSI has edged Read more…
The Japanese yen softened as July’s core CPI was in line with expectations. A break above this month’s high at 135.50 indicates renewed interest in the US dollar. As the uptrend remains intact in the Read more…
The US dollar surged over fewer jobless claims last week. A fall below 1.0200 has weighed on sentiment, invalidating the latest bounce. The former support has turned into a resistance. The euro’s failure to hold Read more…
EUR/USD The better-than-expected U.S. unemployment data gave the dollar a strong boost and it rose against the single European currency, easily breaching the support at 1.0119. At the time of writing, the price is consolidating Read more…
USD/JPY: On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price has broken the intermediate resistance at 133.908 which is the 50% Fibonacci retracement Read more…