Latest Market News

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 […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level the pair has formed a Hammer reversal pattern. The pair is now going by the signal in a correctional wave. The goal of the decline might be 1.3455; then the price may bounce off the resistance level and continue falling. However, the price […]

GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the resistance level. The instrument is going above the Ichimoku Cloud, which implies an uptrend. A test of the Kijun-Sen line is expected at 1.2170, followed by growth to 1.2485. An additional signal confirming the growth will be a bounce off the lower border […]