Day: April 13, 2023

EURUSD, “Euro vs US Dollar” The currency pair is consolidating around 1.0915. Today the range could extend to 1.0935. Then a decline to 1.0882 and growth back to 1.0915 could follow. If the price breaks the range downwards, a new wave of decline to 1.0794 could begin. GBPUSD, “Great Britain Pound vs US Dollar” The […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes have broken the 200-day Moving Average and are now above it, which indicates possible development of an uptrend. The RSI has rebounded from the support line. In these circumstances, the quotes are expected to break 6/8 (134.37) and rise to the resistance at 7/8 (135.93). […]

Daily Market Outlook, April 12, 2023 Markets Marking Time Ahead of CPI & FOMC Minutes Combo Asian equities produced another subdued session taking their lead from lacklustre trading on Wall Street as investors pare risk exposure ahead of today’s double whammy of US inflation data followed by the minutes from the FOMC meeting. The Nikkei […]

More Pessimism From IMF The latest update from the International Monetary Fund yesterday makes for fairly bleak reading. The group was seen cautioning over the downside risks to global growth this year as a result of a combination of factors. Global GDP is now forecast to rise just 2.8% this year, following the latest downward […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the decline might be 1.3390. Then the price could break this level and continue the downtrend. However, the price may pull back to 1.3510 […]

The British pound against the US dollar is balancing at zero gravity. The current quote is 1.2446. The pound looks extremely discursive. It has strong fundamental support in the form of new British trade agreements and the weakness of the US dollar. However, investors seem unwilling to use these factors. At the same time, the […]