News

FRC Shares Plunge Lower US stocks have come under pressure mid-week as fears for the US banking sector returned to the spotlight yesterday. The headline move was shares in First Republic Bank tanking by over 50%. The decline came in response to news that deposits with the bank had plunged by around $100 billion last […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI is testing the support line. In this situation, the price is expected to rise above 6/8 (134.37) and next reach the resistance at 7/8 (135.93). The scenario can be canceled by […]

The Australian dollar against the US dollar is sliding deeper down. The current quote is 0.6605. The Australian statistics of today demonstrate that the CPI in the first quarter of 2023 dropped to 1.4% q/q after growing by 1.9% in Q4, 2022. Year by year, inflation amounted to 6.3%. This is lower than before. Well, […]

Retail Heavily Long AUDJPY The retail market is holding a large 70% long position in AUDJPY today as the pair continues to sell off, creating plenty of room for a further move lower over the coming sessions.  AUDJPY is typically seen as a simple risk play given that AUD tends to perform better during times […]

There’s only one week left until the ECB meeting and markets price in a high probability of the outcome where the regulator will deliver one more rate hike. The only thing that remains unclear is the size of the hike, which could be either 25 or 50 basis points. The chances of the first outcome, […]

EURUSD, “Euro vs US Dollar” EURUSD is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0950 is expected, followed by growth to 1.1165. An additional signal confirming the growth will be a rebound from the lower […]