Market Analysis

• EURJPY reversed from resistance level 144.00 • Likely to fall to support level 142.00 EURJPY recently reversed down from the key resistance level 144.00 (which has been reversing the price from the start of June), standing near the upper daily Bollinger Band. The downward reversal from the resistance level 144.00 created the daily Japanese […]

The US inflation report came as a big surprise to many investors as despite solid signals for a drop below 8% (decline in new car sales, falling gasoline prices), headline inflation was quite persistent, inching lower marginally to 8.3%. Core inflation accelerated more than expected – from 5.9% to 6.3%, beating the forecast of 6.1%. […]

JPY Rallying on Wednesday The Japanese Yen has seen a fresh wave of demand today. Part of the rally is clearly down to safe-haven inflows linked to the drop in risk assets on the back of yesterday’s stronger-than-expected US CPI reading. With markets rushing to price in a larger Fed rate hike this month, USD […]

The BTC has experienced a new decline. On Wednesday, the leading cryptocurrency is balancing near 20,303 USD though yesterday it rose to 22,780 USD. Yesterday the USD reversed abruptly after the US inflation statistics came out. The CPI in the US in August turned out to be 8.3% y/y while the forecast level had been […]

The British pound against the US dollar dropped to the week’s lows. The current quote is 1.1499. Yesterday the pound looked rather optimistic, but on Wednesday with the USD advancing all positive factors for the GBP faded away. After the inflation statistics in the US came out, expectations from the September meeting of the Fed […]

Type: Bullish Rise Key Levels:Resistance: 21735Pivot: 20000Support: 18330 Preferred Case:On the H4, price has pulled back but we’re looking for a reversal at 20000 where the 61.8% retracement and 78.6% projection sits. If price still respects the ichimoku as well as the bullish breakout, it should bring price to 21735 where the previous swing high […]

Type: Bearish Drop Key Levels:Resistance: 8.480Pivot: 8.235Support: 7.810 Preferred Case:On the H4, with price moving below the ichimoku cloud and descending trendline, we have a bearish bias that price will drop from the pivot at 8.235 where the previous swing low is to the 1st support at 7.810 where the swing low support is. Alternative […]

EURUSD, “Euro vs US Dollar” The pair is testing the Tenkan-Sen line. The quotes are under the Cloud, which indicates a downtrend. A test of the Kijun-Sen line at 1.0045 is expected, followed by falling to 0.9795. One more signal confirming the decline will be a bounce off the upper border of the bearish channel. […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, near the resistance level, the pair has formed a Harami reversal pattern. The pair can now go by the signal with a descending impulse. The goal of the decline is 1.3130; the pair might later bounce off it and continue growth. However, the price may still grow […]

BNY Mellon Household Debt Drags G10 Commodity FX One of the most stable groups of positive holdings in iFlow this year has been the G10 commodity currency trio of CAD, NOK and AUD. From initial fears of global stagflation to more recent support from interest-rate hikes, those currencies have understandably been held on an absolute […]

Daily Market Outlook, September 13, 2022 Overnight Headlines US Benchmark CPI Set To Ease, Core Rate Poised For Increase Biden Seeks To Make Economy An Election Asset — If Prices Ease Fed Set For Another 75-Basis-Point Rate Hike; Early Pivot Unlikely Chinese Premier Stresses Policy Implementation To Stabilize Econ Analysts Expect China MLF Rate To […]

US CPI Up Next Today’s US CPI release is drawing a great deal of attention in the run up to the September FOMC meeting. Market pricing has recently swung in favour of a larger .75% hike. However, USD has been trading lower over recent days as increased hawkishness from the ECB and hawkish expectations ahead […]