Latest Market News

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. The pair may now go by the signal in an ascending wave. The goal of the growth may be 1.0930. However, the price may pull back to 1.0765, bounce off it, and continue the uptrend […]

EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0868. After the correction was over, a wave of decline to 1.0793 followed. At the moment, the market is forming a consolidation range around this level. Today an escape upwards is expected, so that the wave will extend to 1.0718. The goal is local. […]

The Japanese yen against the US dollar has dropped noticeably. The current quote is 130.91. Today the BoJ had a meeting where they decided to keep the ultra soft monetary policy in force. The interest rate remained at -0.10% as expected. In the parallel universe, there are market expectations that the CB corrects its monetary […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average which indicates a downtrend. The RSI is nearing the overbought area. As a result, a bounce off 4/8 (131.25) is expected, followed by falling to the support level of 2/8 (128.12). The scenario can be cancelled by rising over […]

The Bank of Japan dismissed market rumors about further adjustments in the yield curve control and left the policy unchanged today, disappointing recent yen buyers. The  Bloomberg report released yesterday about the ECB plans to execute more caution in the rest of the tightening cycle caused brief market embarrassment sending EURUSD to 1.08 and below, […]

The unexpected rebound of the Chinese economy as seen in the latest batch of Chinese data reinforced the idea that a hidden China economic momentum will unlock the upside in pro-cyclical currencies, including the euro. The decline in natural gas prices pushes the idea of an energy crisis deep to the sidelines causing revisions of […]