Right about now is when gold ‘should’ be doing what people expect from it: to shine and do so brightly. Until now, the metal has been unable to find much demand from inflation hedging or flight from riskier stock markets. That’s partly because investors have until now been piling into the dollar, weighing down the …
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. …
The Euro has been moving lower against many currencies lately. For example, EUR/USD has moved from 1.1498 down to 1.0806 over the last month! And one can see as to why: The Euro zone is a neighbor to a current war zone country, Ukraine. Though inflation has been increasing over last year, the ECB remains dovish …
EUR/AUD and EUR/NZD trying to hammer out a bottom Read More »
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 »
