The Bank of Japan left rates unchanged at -0.1% and will continue with its monetary stimulus by targeting 0% on its 10-year bond yields. In addition, the BOJ revised down its economic outlook, after recently revising it higher! This is in stark contrast with its counterparts in the US and UK, the Fed and the …
Dovish BOJ leaves rates unchanged; USD/JPY makes 6-year highs Read More »
Japanese Yen may remain at risk to US Dollar despite Ukraine tensions US inflation may continue surprising higher, keeping the Fed on the edge USD/JPY faces an Ascending Triangle chart formation, watch for breakout All things considered, the Japanese Yen has not been holding up relatively well against the US Dollar since Russia commenced its …
JAPANESE YEN, USD/JPY, US CPI, UKRAINE, FED, TECHNICAL ANALYSIS – ANALYST PICK Read More »
AUD/USD has seen a wild start to the week, rising to 0.7445, 2022 high, before heading lower and finding support at 0.7250. The uptrend from late January remains intact, and the RSI is also supportive of further upside. Buyers will look for a move over the 200 sma at 0.7320 for further upside towards 0.74. …
EUR/USD stayed within the flag after holding the support and reversed to the upside, breaking above the formation. However, price is approaching a resistance zone between 1.1482 and 1.1500. If EUR/USD can break above, price many be on its way to the flag target near 1.1575. First support is at the top trendline of the …
US CPI higher than expected. Could the Fed hike 50bps? Read More »
The combination of Australia announcing a reopening of their international borders and a rebound of business confidence saw AUD/JPY as one of the strongest pairs yesterday. Price action also warns of a bullish trend reversal on the daily chart. We can see on the daily chart that AUD/JPY opened at the session low and closed …
AUD/JPY hints at bullish trend reversalAUD/JPY hints at bullish trend reversal Read More »
Its pullback from the January low met resistance at the 50% retracement level to the YTD high, descending trendline and 19-day eMA on Thursday before bears drove it back below 82.00 on Friday. It wasn’t quite a bearish engulfing candle but it does point towards a swing high at 82.28. The four-hour chart shows a …
