Latest Market News
The Japanese yen is trying to strengthen against the US dollar. The current USDJPY quote is 140.33. The yen has been attempting to strengthen in the last few hours. This morning, reports surfaced that high-ranking Japanese officials would convene for an emergency meeting. Representatives from the Central Bank will also be at the meeting, which […]
TitleUSDJPY H4 | Pulling back to overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 140.072 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 140.943. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 139.234. To discuss […]
TitleUSDCAD H4 | Bounce off 50% Fibo TypeBullish Bounce Preference: Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce from here, price could rally to 1st resistance at 1.36406 Alternative scenario:However, if price were to break below the pivot, it could […]
The United States economy continues to impress skeptics, as robust consumer spending and tight jobs market remain two key driving forces behind persistently high inflation. With this trend, it is increasingly likely that the Federal Reserve hawks will gain influence. If the ongoing debt ceiling issue is resolved favorably and the upcoming job numbers on […]
TitleBTCUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27499.07 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28313.45. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 27077.23. To discuss […]
The Japanese yen continues to decline against the US dollar. The current USDJPY quote is 140.60. The JPY is on a new round of devaluation. This is because the Bank of Japan is maintaining an ultra-soft monetary policy. The contrast between the interest rates is particularly noticeable in comparison with the US Fed’s – market […]