USDJPY halted the pullback from the five-year high of 116.33 around the 115.00 level on Tuesday, but the close below the 115.50 – 115.25 region is still keeping downside risks alive in the market. The Read more…
EUR/USD Current level – 1.1371 During yesterday’s trading session, the currency pair breached the resistance level of 1.1359 and the expectations are for the common European currency to continue to appreciate against the dollar. The Read more…
The US Dollar declined below the 115.80 support zone against the Japanese Yen. The USD/JPY pair traded as low as 115.04 and is currently correcting higher. The pair climbed above the 115.50 resistance, but it Read more…
The euro recoups losses as traders dump safe-haven currencies. The fall below 130.80 has shaken out some weak hands. Nonetheless, the upward bias remains intact after the single currency saw solid demand over the psychological Read more…
The New Zealand dollar recovers as risk appetite returns following Jerome Powell’s testimony. The previous rebound towards 0.6830 met strong selling pressure. Its failure to achieve a new high suggests that the bearish bias lingers. Read more…
The US dollar fell after the Fed Chair’s remark that no decision has been made on quantitative tightening. The pair showed some weakness near the daily resistance at 1.3600. The RSI’s double top in the Read more…
US equities were mixed in the overnight session as investors reacted to the testimony by Jerome Powell, the Federal Reserve chair. The Dow Jones and S&P 500 indices declined by about 0.25% while the Nasdaq Read more…
Markets Powell appeared before the Senate yesterday. In his renomination confirmation hearing, the Fed chair doubled down on the central bank’s policy normalization intentions. He said the economy no longer needs or wants a very Read more…
Global equities breathed a sigh of relief yesterday as the Federal Reserve (Fed) Chair Jerome Powell said, at his congressional confirmation yesterday, that he could pull off the hard task of fighting back inflation without Read more…
Daily Pivots: (S1) 156.59; (P) 156.95; (R1) 157.56; More… Intraday bias in GBP/JPY remains neutral as consolidation from 157.74 is in progress. Further rally is expected with 154.86 support intact. On the upside, decisive break Read more…