There is no change in the overall theme in the forex markets. Yen’s decline continues and there is no sign of slowing yet. Hawkish comments from Fed officials pushed treasury yields further up. Fed Chair Read more…
DXY: On the H4 timeframe, prices are on bearish momentum. We see the potential for a dip from our 1st resistance at 98.638 in line with 50% Fibonacci retracement towards our 1st support at 98.157 Read more…
Both AUD/JPY and NZD/JPY ride on broad based weakness in Yen and surge strongly this week. More important, both have breached key long term resistance levels. As for AUD/JPY, there might be some initial rejection Read more…
Cleveland Fed President Loretta Mester said in a speech yesterday, “in my view, inflation, which is at a 40-year high, is the number one challenge for the U.S. economy at this time.” “Given the underlying Read more…
San Francisco Fed President Mary Daly said in a virtual event yesterday, “even though we have these uncertainties around Ukraine, and we have the uncertainties around the pandemic, it’s still time to tighten policy in Read more…
It will be a packed week for the British pound. The Chancellor of the Exchequer Rishi Sunak will present his spring statement before the parliament on Wednesday. UK CPI inflation figures will be published on Read more…
Key Highlights AUD/USD started a fresh increase above the 0.7320 resistance. It broke a key bearish trend line with resistance near 0.7300 on the 4-hours chart. EUR/USD is still struggling below 1.1120 while GBP/USD surpassed Read more…
The South African Reserve Bank (SARB) meets on Thursday this week to decide how much it should raise interest rates. Expectations are for a 25bps hike to 4.25%, however it is possible the central bank Read more…
Gold finished the previous week in red territory and corrected to significantly lower grounds as it performed its widest weekly loss in March. Yet the price action so far in the current week seems to Read more…
What happened? Historically investors treated the Japanese Yen as a safe haven in times of world crisis. However, three weeks since Russia invaded Ukraine, the JPY has plunged to a five-year low against the US Read more…