Joshua

The USD/JPY it hit its lowest level since late August on Monday at 137.50. A break below this level would open the Aug 23 low near 135.80, they report. BBH economists. Japan reported labor market and Retail Sales data for October “USD/JPY continues to weigh near 138 and looks likely to test yesterday’s cycle low […]

Preliminary inflation data for November shows data below expectations. Annual CPI rate falls from 10.4% to 10%. The euro will not be affected by the data. The German Consumer Price Index It posted a 0.05% drop in November, higher than the market consensus 0.2% decline, according to preliminary figures released Tuesday. The annual rate went […]

Follow the strong rebound in oil prices. WTI is up more than 7% from Monday’s low. Expectations for an improvement in Chinese demand, plus a weak dollar, contribute to the rise. The prices of Petroleum they bottomed out on Monday reaching 11-month lows and then began a recovery rally that is ongoing. From the floor, […]

European markets and Wall Street futures rise moderately. Strong drop in the dollar against various emerging currencies. Oil and metals advance significantly. Wall Street futures are only slightly positive, with numbers not enough to recover even a small part of Monday’s decline. The dollar falls on all fronts while commodities rise sharply. green but not […]

Strong rise in emerging market currencies and those linked to commodities. USD/MXN breaks strong support at 19.30, the intermediate at 19.15 and goes for 19.00. USD/MXN broke below 19.30 and extended the decline to 19.06, the lowest level since February 2020. The outlook remains bearish, although there is strong support at 19.00/05. In case of […]

NZD/USD gains strong positive traction on Tuesday amid fresh selling around the dollar. Less hawkish Fed hike expectations and a positive risk tone weigh on the safe-haven USD. The fundamental background supports the prospects for further bullish movement in the pair. The pair NZD/USD receives aggressive buying on Tuesday and stops its recent pullback from […]

Gold recovers from Monday’s slide with a rebound from $1,740. Raises continue to face resistance at $1760. The fall in the dollar and in the yields of Treasury bonds support the advance of the yellow metal. The Prayed is having the best day in over a week on Tuesday and recovers from the previous slide. […]

USD/CAD is under fresh selling pressure and weighed down by a combination of factors. Oil price recovery benefits CAD and puts pressure amid weaker USD. The appearance of some buying around the 1.3400 level warrants some caution for the bears. The focus is on monthly Canadian GDP data and US consumer confidence. The pair USD/CAD […]

The S&P 500 has gained 12.6% since its 2022 low in mid-October. Nevertheless, recent stock rally looks vulnerablein the opinion of UBS analysts. Profits will fall 4% next year “Although the October data showed an encouraging drop in inflation and the Fed’s comments have been less aggressive recently, we believe that the market moved too […]

GBP/USD regains positive traction on Tuesday amid fresh selling around the dollar. Less hawkish Fed hike expectations continue to weigh on the USD amid a risk positive tone. A bleak outlook for the UK economy is acting as a headwind for the pound and limiting the pair’s gains. The pair GBP/USD it attracts new buying […]