US Dollar Index (DXY) Outlook: DXY Breaches the 100-day MA, Will Rally Continue?

Key Highlights GBP/USD started a fresh decline below the 1.3120 support. A connecting bearish trend line is forming with resistance at 1.3025 on the 4-hour chart. Gold prices rallied to a new all-time high above $2,740. EUR/USD declined further and traded below 1.0820. GBP/USD Technical Analysis The British Pound started a fresh decline below the […]

BoJ keeps policy ultra-loose, does not hint at change Friday’s data may reveal slowdown in inflation Wage negotiations key for exiting negative rates Next week’s Summary of Opinions also in focus Yen traders turn attention to national CPI numbers On Tuesday, the Bank of Japan decided unanimously to keep interest rates untouched at -0.1% and […]

GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There was a break below a key rising channel with support at 1.2630 on the […]