Soft-Landing, or No Soft-Landing, That is the Question: Part V

Key Highlights GBP/USD declined heavily below the 1.2650 support. It traded below a key contracting triangle with support at 1.2660 on the 4-hour chart. EUR/USD could attempt a recovery wave toward the 1.0820 resistance zone. The UK Construction PMI could increase from 46.8 to 47.3 in Jan 2023. GBP/USD Technical Analysis The British Pound started […]

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]

This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will […]