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DXY: The DXY (US Dollar Index) chart currently exhibits a bearish overall momentum, and this is supported by the fact that the price is contained within a bearish descending channel. This suggests weakness in the US Dollar. In the short term, there’s a potential for a bearish continuation towards the 1st support level. The 1st […]

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EUR/USD Holds Support But Can It Recover?

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USD/JPY Technical: US Dollar Strength Fizzled Out Ex-Post US NFP

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07/12/2023

Hang Seng Index Technical: Entrenched in a Downward Spiral

China’s negative import growth in November suggests a sticky weak domestic demand environment. China and Hong Kong stock markets have failed to reignite bullish animal spirits despite the weakening trend seen in the US 10-year Treasury yield in the past month. Hang Seng Index now faces a potential major bearish breakdown that may retest the […]
11/04/2024

USD/JPY Rises to Highest Since 1990

This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the yen weakened to levels last seen in mid-1990. At the same time, an important event occurred — a bullish breakdown […]
06/09/2024

Bitcoin Pressured by Risk-Off Mood

Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market breaks below […]