Joshua

The DXY adds to the ongoing bounce and approaches 108.00. If it continues to go higher, you could see the 100-day SMA again near 109.20. The US dollar (DXY) it advances for the third session in a row and trades near 108.00 on Monday. The continuation of the uptrend is targeting the temporary hurdle of […]

USD/JPY breaks above the 141.00 confluence and rises to a 1-week high on Monday. The strong tracking of dollar purchases remains a support amid the policy divergence between the Fed and the BOJ. The mixed technical setup warrants some caution before positioning for more profit. The pair USD/JPY gains strong positive traction on Monday and […]

The gold price continues to lose ground for the fourth day in a row and falls to a week low. The strong tracking of US dollar buying is seen as a key factor putting pressure on the commodity. Market caution could offer some support to the safe haven XAU/USD and limit losses. the price of […]

AUD/USD falls to one-week lows on Monday amid strong tracking of dollar buying. China’s problems with COVID-19 and geopolitical risks drive demand for the dollar as a safe haven. The configuration supports the prospects of a further depreciation movement in the short term for the pair. The pair AUD/USD extends last week’s pullback from near […]

The EUR/USD remains capped, as expected, below the 200-day SMA, currently at 1.0409. Credit Suisse analysts see the possibility of a deeper pullback to the 38.2% recovery since September at 1.0120. Resistance at 1.0409 expected to cap the pair for now “EUR/USD remains constrained, as expected, by key resistance at its longer-term falling 200 DMA, […]

EURJPY moderates Friday’s slide amid erratic behavior. Immediately to the upside are monthly highs near 147.00. The EURJPY resumes gains above the key signal of 145.00 at the beginning of the week. If the corrective bounce deepens, the cross should face initial resistance at the November high, so far at 147.11 (Nov 9). Above the […]

Concern over the Chinese Covid darkens the atmosphere on Monday, but improving European data and a desire to reduce positions should send the dollar back by mid-weekin the opinion of Kit Juckes, chief global currency strategist at Societe Generale. China reported its first Covid deaths in months “My biggest concern is whether the driver of […]

EUR/USD accelerates losses to the 1.0230/25 band on Monday. The dollar gains more strength and rises to multi-day highs. Producer Prices in Germany surprised to the downside in October. Selling pressure continues to dominate sentiment around the European currency and drags down the EUR/USD to fresh two-week lows near 1.0220 on Monday. EUR/USD weakens due […]

The International Monetary Fund (IMF) has maintained on Monday its forecast of the Gross Domestic Product (GDP) for this year and next in its latest review of the French economy. conclusions The staff recommends a modest fiscal adjustment in France of 0.25 percentage points of GDP relative to 2022. France should start fiscal consolidation next […]

In an interview with MNI on Monday, European Central Bank (ECB) chief economist Philip Lane said that The central bank will study the possibility of reducing its rate hike rate at its meeting on December 15. Featured Comments “There is no longer a basis for considering a very large raisesuch as 75 basis points”. “The […]