The British pound is slightly higher on Friday. GBP/USD is trading at 1.2234, up 0.24%. The pound has enjoyed a solid week, with gains of 1.2%. US inflation drops again US inflation continues to decline Read more…
GBPJPY sank by almost 2.0% on Thursday following the rejection around the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the 2020-2022 uptrend at 160.75. The decline stretched to January’s support Read more…
USDCAD broke the short-term sideways range to the downside in the preceding sessions, holding beneath the 1.3400 level. According to the RSI, the market could maintain the latest downside momentum as the indicator is negatively Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price Read more…
In the long term, the USDCNH pair is expected to form a large double zigzag consisting of three cycle sub-waves w-x-y. The actionary wave w took the form of a standard zigzag. The bearish intervening Read more…
The Nasdaq 100 popped higher after data showed that US inflation might have reversed its course. A break above 11280 prompted sellers to cover their positions, easing the downward pressure. After the index had a Read more…
The Japanese yen rallied on rumours that the BOJ would review the side effects of its monetary easing. The pair turned south after it failed to lift offers at the daily resistance 142.85. A drop Read more…
The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after Read more…
The Euro started a fresh increase from the 1.0730 zone against the US Dollar. The EUR/USD pair gained pace above the 1.0750 to move into a positive zone. The pair even traded above the 1.0800 Read more…
ECB Governing Council member Martins Kazaks pushed back on talks that the central bank would cut interest rates by the end of this year. He said he failed to see a “rationale” for that. “It Read more…