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DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support. The 1st support at 103.28 is categorized as a swing low support. This level is significant as it suggests […]

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19/12/2023

USD/JPY Technical: JPY Strength Remains Intact ahead of BoJ

Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office. Technical analysis […]
12/03/2024

US CPI in the Limelight

In focus today The most important release of the day will be the US February CPI. We look for both headline and core CPI to come out at +0.3% m/m SA, slightly below consensus forecast. Markets will focus on non-housing services inflation, which surprised to the upside in January, cooling expectations of rapid rate cuts. […]
15/04/2024

USDCAD Wave Analysis

USDCAD broke key resistance level 1.3625 Likely to rise to resistance level 1.3860 USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the downward ABC correction (2) from November. The breakout of the resistance level 1.3625 […]