Joshua

According to Lee Sue Ann, an economist at the UOB Group, and Quek Ser Leang, a Market Strategist, the EUR/USD targets the level of 1.0620 In the next weeks. Featured Comments 24 hour view: “Yesterday we highlighted that “further EUR/USD strength is not ruled out, but the main resistance at 1.0500 is unlikely to kick […]

The Governor of the Bank of Japan, Haruhiko Kurodahas offered a press conference on monetary policy in Tokyo. Featured Statements It has been observed a global economic slowdown and Japan’s inflation is expected to slow from 2023. As the recent market turmoil in the UK has shown, the reaction of market participants to monetary policy […]

The Reserve Bank of Australia will apply another modest rate hike of 25 basis points on December 6 to 3.10%, the third in a row after a succession of half-point movesaccording to 30 economists polled by Reuters. additional conclusions The RBA is expected to hike rates by another 50 basis points by the end of […]

This is what you need to know to trade today friday december 2: The US dollar remained under constant selling pressure following the release of macroeconomic data on Thursday and the DXY dollar index fell to its lowest level since late June, below 105.00. As investors wait for the November jobs report, the US dollar […]

NZD/USD moves towards a test of 0.6400 and has eyes on 0.6450. 0.6450 is a confluence between the August high and the 61.8% retracement of the entire 2022 move. The NZD/USD it is stuck below 0.6400 as the US dollar tries to correct what has been a significant move lower in currency markets this week. […]

USD/JPY breaks a trend line from five months ago, aiming to reach the 200 day EMA around 134.99. Oscillators in bearish territory consolidate the downtrend, but the overbought RSI could stop traders shorting USD/JPY. USD/JPY: After recapturing the 200 day EMA, a drop towards 131.70 is forecast. The USD/JPY Plunges below 136.00, extending its losses […]

The British pound has reached new all-time highs of the bull cycle thanks to the weakness of the dollar. GBP/USD bulls could throw in the towel below 1.2300, although 1.2500 is also a short-term outlook. The US dollar weakened to three-month lows against sterling on Thursday, following comments by Federal Reserve Chairman Jerome Powell that […]

The dollar remains on the defensive, buoyed by the decline in the ISM manufacturing PMI, which is now in contraction territory. Inflation in the United States was unchanged, while jobless claims fell. The Australian dollar was bolstered by US dollar weakness as traders keep an eye on RBA Governor Lowe. AUD/USD Price Analysis: Could test […]

Things to watch out for on Friday, December 2: The dollar extended its slide to multi-month lows against most of its main rivals amid lingering optimism and tepid US data, which supports the Federal Reserve’s monetary policy pivot. Earlier in the day, the USD was affected by the BOJ. Asahi Noguchi, a member of the […]

Dollar bears are heading towards the mid range at the 104 area which awaits a drop towards 103 and 101. Are investors putting the cart before the horse? The dollar is falling to test a 16 week low. The low of August 11 occurred at 104.64 and today’s reached 104.66 so far. The index has […]