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Markets Another empty daily calendar left investors to their own devices with central bank meetings in Hungary (-25 bps to 6.75%, as expected) and Turkey (unchanged at 50%, cfr. infra) offering some distraction in non-core areas. That resulted in core bonds gaining ground after three days of losses. German Bunds outperformed US Treasuries this time […]

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26/12/2023

USD/JPY Yawns after BoJ CPI Slips

BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh […]
26/01/2024

USDCAD Looks Ready for Bearish Retracement

USDCAD battles with 200-day SMA Holds above downtrend line But momentum indicators show weak signals USDCAD is holding above the medium-term ascending trend line and is moving back and forth from the flat 200-day simple moving average (SMA) at 1.3483. The technical indicators are still located in the bullish area, with the MACD stretching slightly […]
19/06/2024

AUDUSD: Strong Zone

In the Daily Timeframe, AUDUSD started a short-term bullish trend after a long-term decline. The price has reached the critical 61.8 Fibonacci resistance area, and despite the growing bullish sentiment, two scenarios should be considered. If the bulls push the price above 0.6680, the upside target will be 0.6760; A rebound from the resistance will […]