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The Japanese yen has strengthened markedly against the US dollar. The current USDJPY quote is 139.39. The JPY rose on news of an emergency meeting of Japanese high-ranking monetary policy officials. The outcome of the meeting was neutral: Japan will watch currency market movements and react if deemed necessary. The monetary policymakers reacted rather due […]
CPI Still Not Falling Fast Enough The latest Australian inflation data overnight no doubt makes difficult reading for the RBA . Annual CPI was seen rising 6.8% last month, above the 6.4% the market was looking for. While a slight reduction from the prior month’s 7% reading, given the RBA’s insistence that it needs to […]
TitleEURUSD H4 | Retracement to 23.6% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 1.07619 and potentially reverse from here; we could see momentum carry price own to its 1st support of 1.06688. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 1.08323. To discuss this […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to the 1.0745 level. Today the market is forming a structure of another wave of decline. At the moment, a consolidation range has been formed around the 1.0703 level. A breakout downwards to the 1.0673 level is expected. Next, a technical […]
The BTC on Wednesday is balancing around 27,148 USD. While the technical trading picture of the BTC is favourable for a price increase, investors are clearly not ready to buy. This is probably due to the high correlation of the BTC with the S&P 500 index and Nasdaq indices. Markets are focused: today the House […]
TitleUSDJPY H4 | Bullish bounce from 23.6% Fibo TypeBullish Bounce Preference:Price is approaching the pivot point of 139.262 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 140.772. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 138.202. To discuss […]