Risk On

Key Highlights USD/JPY declined heavily before the bulls appeared near 152.00. A major bearish trend line is forming with resistance at 155.50 on the 4-hour chart. Crude oil prices remain at risk of more downsides toward $75.00. Ethereum saw bearish moves and might continue lower. USD/JPY Technical Analysis The US Dollar started a major decline […]

Markets After last week’s Fed decision, investors were happy to use soft/disappointing data to push money market pricing for ever more aggressive font-loading on Fed and ECB interest rate cuts. Fed members and even more ECB policy makers for now kept a balanced communication mostly favoring a gradual approach. Still markets now see a > […]

DXY: The DXY (US Dollar Index) chart currently maintains its bullish momentum, indicating a potential scenario of a bullish bounce off the pivot and a subsequent move towards the 1st resistance. The pivot level at 102.63 serves as an overlap support, suggesting historical significance as a level where buying interest has previously emerged to support […]