Joshua

This is what you need to know to trade today tuesday november 22: The US dollar appears to have lost steam early on Tuesday after posting impressive gains against its main rivals on Monday. The Dollar Index remains slightly above 107.50 and the 10-year US Treasury yield continues to move sideways around 3.8%. Meanwhile, US […]

In the view of economist Lee Sue Ann and UOB Group market strategist Quek Ser Leang, the EUR/USD it could go back to the 1.0150 zone in the next few weeks. 24 hour perspective: “We expected the Euro to weaken yesterday, but we believe that any decline was unlikely to break the 1.0280 support. We […]

USD/JPY retook the psychological 142.00 level as buyers piled in around the 140.00 figure. If USD/JPY breaks above 143.00, a rally towards the 50-day EMA is in expectation. USD/JPY Price Analysis: Bullish, although buyers lack momentum, as the RSI shows. The USD/JPY It is bouncing below the 100-day EMA and pushing hard above the psychological […]

Reuters reports that the president of the San Francisco Federal Reserve, Mary Daly, said on Monday that the real-world impact of the US central bank’s rate hikes is likely larger than its short-term rate target implies. In remarks prepared for a speech before the Orange County Business Council in California, Daly said that some researchers […]

AUD/USD is correcting towards daily support with an eye on 0.6550. The price remains in bullish territories while on the trailing side of the downtrend. Based on the above analysis, AUDUSD Price Analysis: Bears Have Eyes on a Rupdownturn for the opening of the sessionsthe price has effectively moved lower as the following illustrates. AUD/USD […]

Despite dipping below $76.00, WTI rallied and pared previous losses to 0.51%. Saudi officials denied the news that OPEC was considering increasing oil production. WTI Price Analysis: A candle hammer on the daily chart may push oil prices higher. Western Texas Intermediate (WTI) remains in negative territory during the North American session after hitting a […]

NZD/USD moves on reduced global risk appetite. The Fed minutes will shed light on the FOMC deliberations. NZD/USD is under pressure at the start of this week as a stronger US dollar recovers from a series of red days following a period of accumulation in the depths of the November sell-off. As of this writing, […]

EUR/USD bears are lurking below 1.0300 and awaiting a quick break below support. Meanwhile, the bulls rally at the 4-hour support. EUR/USD is under pressure at the start of the week and the highs appear to be in place after a break of the 1.0270 structure, as the following technical analysis with 1.0200 in the […]

Things to watch out for on Tuesday, November 22: The US dollar rose on Monday, helped by a negative turnaround in market sentiment. The aversion to risk domino Financial markets after China’s National Health Commission reported the deaths of two Covid-19 patients in Beijing, while the country reported more than 26,000 new infections on Sunday. […]

Silver price forms a candlestick hammer on the daily chart after reaching a 2-week low around $20.50. The Relative Strength Index on the hourly chart crossed the 50 midline, reinforcing the XAG. If XAG/USD breaks above $20.95, Silver will rally towards $21.00; otherwise, it will consolidate around $20.50. Silver price extends its losses after hitting […]