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USDCHF reversed from the resistance zone Likely to fall to support level 0.9000 USDCHF currency pair recently reversed from the resistance zone located between the key multi-month resistance level 0.9185 (which stopped the daily uptrend last April), the resistance trendline of the daily up channel from September and the upper daily Bollinger Band. The downward […]

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11/06/2024

USD/JPY: Remains Constructive and Eyes US Inflation and Fed Verdict for Fresh Direction Signals

USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on Wednesday. The dollar stands at the front foot following stronger than expected US jobs […]
25/07/2024

Analysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks

On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo authorities were cryptic in their comments, maintaining […]
13/12/2023

NZD/USD Slips Ahead of GDP, Fed Meeting

New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release […]