Joshua

The Australian dollar was boosted by Chinese GDP optimism and improving Australian consumer sentiment. The New York Fed’s Empire State Manufacturing Index plunged as business conditions deteriorated, raising speculation of a Fed turnaround. AUD/USD traders are keeping an eye on the Fed, US PPI, Retail Sales and Australian jobs data. The Australian dollar (AUD) is […]

The pound is among the most bullish values ​​of the day after the British GDP data, awaiting the CPI figures. The sharp EUR/GBP reversal sends price below 0.0800 and below the 20-day SMA. The EUR/GBP is losing more than 50 points, having the worst day in at least two months. It has recently reached levels […]

USD/CHF remains below the 20-day EMA, unable to recover 0.9300. Although the pair is bearish, solid support for USD/CHF is around 0.9150. If the USD/CHF breaks above the 20 day EMA, the 0.93 level will be exposed, followed by the 50 day EMA. After failing to break above 0.9360 over the past week, the USD/CHF […]

The risk aversion momentum and speculation that the Bank of Japan will abandon its YCC are headwinds for USD/JPY. The New York Fed’s Empire State Manufacturing report reported further deterioration in the region, sparking fears of recession, USD/JPY Price Analysis: Failure to break above 129.40 compounded the slide below 129.00. The USD/JPY It is holding […]

Canada: Inflation continues to slow in December. US: Empire manufacturing index plunges unexpectedly in December. USD/CAD remains sideways, unable to hold above 1.3400. The USD/CAD it broke below 1.3400 after the release of US and Canadian manufacturing data. It posted a new daily low at 1.3383. It remains near the lows, with a bearish bias, […]

EUR/USD rebounds and flirts with 1.0870. Risk appetite continues to support bullish sentiment. Economic Sentiment in Germany surprised to the upside in January. The bulls press harder and lift the EUR/USD to fresh daily highs near 1.0870 on Tuesday, just a few pips from Monday’s yearly high. EUR/USD: More Gains Needed to Break Out of […]

Ho Woei Chen, an economist at UOB Group, assesses the latest Bank of Korea (BoK) monetary policy meeting. Featured Statements “As expected, the Bank of Korea (BOK) raised its benchmark 7-day repo rate by 25 basis points to 3.50% (13 Jan), the highest level since December 2008.” However, the interest rate decision was not unanimous […]

The fortunes of the yen are reversing. Deutsche Bank economists anticipate that the pair USD/JPY drop to 120 by the end of 2023. The yen’s comeback has even more travel “The yen was one of the worst performing currencies in 2021 and 2022, as a dovish BOJ fended off rising global yields and a rebound […]

The EUR/USD it is approaching 1.0940 which is the next potential hurdle. A break above this level would open the next projections at 1.1040/1.1080, they report Société Générale economists. The recent low near 1.0480 could serve as support “The pair has restored past the Dec 200 DMA and is approaching 1.0940, the 50% retracement since […]

Inflation slows in December more than expected. The loonie without major changes after the report. The data from inflation december in Canada showed figures, in general, lower than the market consensus. The Consumer’s price index (CPI) had a drop of 0.6% in December, greater than the expected drop of 0.5%. The annual rate went from […]