Joshua

The DXY extends Tuesday’s slide and returns below 102.00. A move below the January low at 101.77 exposes the index to further declines. The US Dollar Index (DXY) is trading defensively and revisits the area below 102.00 amid intense selling pressure on Wednesday. For now, continuation of the sideways trend seems like the name of […]

Equity markets remain in the zone of recent maximums. Wall Street futures in positive territory ahead of important data and more results. The dollar weakens again, DXY approaches the recent bottom. Equity markets are hovering around multi-day highs, showing no further gains but limited declines. The dollar is close to recent lows and metals to […]

Consumer Price Index falls 0.4% in December. Core inflation registers an increase of 0.6%. The euro remains among the weakest on Wednesday. The final reading showed that the Consumer’s price index fell 0.4% in December, and that the annual rate stood at 9.2%, matching the preliminary reading and confirming the lowest since October. The core […]

EUR/JPY rises strongly and pierces 141.00 on Wednesday. The breakout of the 200-day moving average should restore the bullish outlook. EUR/JPY rebounds on strong buying interest and breaches the 141.00 barrier to set new multi-day highs on Wednesday. The cross needs to break above the 200-day SMA convincingly to change the outlook to a more […]

Mexican peso continues to advance against the dollar. USD/MXN is close to the 2020 minimum located in the 18.50 area. Important US data will be released on Wednesday. USD/MXN extended the downside and fell to 18.56, the lowest level since February 2020. The pair is trading around 18.60, with a firm downtrend and looking closely […]

The yen has weakened sharply after the decision of the Bank of Japan (BoJ) to keep monetary policy settings and yield curve control policy unchanged. However, the BoJ update does not alter MUFG Bank’s bullish outlook. Expectations of an imminent change in monetary policy adjustments and yield curve control disappoint “The Bank of Japan’s decision […]

In its latest report on the oil market, published on Wednesday, the International Energy Agency (IEA) points out that China will account for half of the growth in oil demand in 2023 due to the reopening after COVID-19. Additional comments Global refinery activity was flat in December, while in the US it slowed due to […]

Gold rises after a two-day correction. Lower dollar and Treasury yields favor XAU/USD. Important data is coming from the US. The Prayed resumes the rises on Wednesday after two consecutive setbacks. Ahead of major US economic data, XAU/USD is trading near the area of ​​daily highs around $1,915. Hours ago, the price was below $1,900. […]

NZD/USD regains strong positive traction and jumps to more than a month highs on Wednesday. Optimism about the recovery of the Chinese economy strongly boosts the risk-sensitive NZD. The bulls seem to be unaffected by the strengthening dollar and could now try to recapture the 0.6500 level. The pair NZD/USD attracts new purchases after an […]

USD/JPY is back more than 200 points from a multi-day high hit after the BOJ decision. Bets on lower Fed rate hikes, falling US bond yields weigh heavily on USD and put pressure. The PPI and US Retail Sales are the data waiting for investors. The pair USD/JPY returns a significant portion of Bank of […]