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Tag: Feeling

USD/JPY hits a yearly high above 122.00, last seen Dec 2015

USD/JPY hits a yearly high above 122.00, last seen Dec 2015 USD/JPY hits a yearly high above 122.00, last seen Dec 2015

USD/JPY keeps its foot on the gas, extending its rally to five straight days. Fed officials hold the view that 50bp hikes are not bad. US initial jobless claims fell below 200,000, the lowest level since 1969. The pair USD/JPY continues to extend its rally, breaking the 122.00 mark, supported by the hawkish line talk […]

USD/CAD remains below the 200 DMA

USD/CAD remains below the 200 DMA USD/CAD remains below the 200 DMA

The loonie is holding firm against the greenback, with USD/CAD down 0.37% on the week. The Russia/Ukraine woes and the US central bank’s hawkish line couldn’t stop the CAD bulls from extending USD/CAD’s losses. USD/CAD Price Forecast: Downside Bias Once Exceeded 200 DMA. The fall of USD/CAD extends to seven consecutive days amid a risk-off […]

Forex Today – Asian Session: Dollar Strikes Back Amid Chemical Weapons Talk

Forex Today – Asian Session: Dollar Strikes Back Amid Chemical Weapons Talk Forex Today – Asian Session: Dollar Strikes Back Amid Chemical Weapons Talk

What you should know on Friday, March 18: The US dollar remained under selling pressure throughout the day, accelerating its decline ahead of the London correction. The dollar was hit by persistent weakness in government bond yields following the Federal Reserve’s hawkish announcement on Wednesday. At the end of the US session, US Secretary of […]

ZEW Economic Sentiment Data for Germany and the Eurozone Sink into Negative Territory in March

ZEW Economic Sentiment Data for Germany and the Eurozone Sink into Negative Territory in March ZEW Economic Sentiment Data for Germany and the Eurozone Sink into Negative Territory in March

The serious conflict in Ukraine due to the Russian invasion has caused a sharp drop in the ZEW economic sentiment indices for Germany and the Eurozone in March. In the German country, the indicator has fallen to -39.3 from the +54.3 obtained in February, well below the +10 expected by the market. This is the […]

Breaks a 24-year downtrend line and hovers around 118.00

Breaks a 24-year downtrend line and hovers around 118.00 Breaks a 24-year downtrend line and hovers around 118.00

USD/JPY is trading above a 24-year resistance trend line. Market risk appetite weighed on safe haven pairs, although rising US Treasury yields dragged USD/JPY higher. USD/JPY Technical Outlook: Bias bullish, though a pullback to Jan 4 cycle low at 116.35 is anticipated. The USD/JPY extends last Friday’s rally, above a 24-year downtrend line broken on […]

US Dollar Index (DXY) extends gains for 5 weeks, eyeing the 100 level

US Dollar Index (DXY) extends gains for 5 weeks, eyeing the 100 level US Dollar Index (DXY) extends gains for 5 weeks, eyeing the 100 level

DXY is up 0.59% on the day as USD bulls target the 100 level as the American session wraps up. The United States imposes a new tranche of sanctions on Russia. US Dollar Index (DXY) Technical Outlook: Bias to the upside, though testing the parallel Pitchfork line just above the 99.00 mark. The US dollar […]

NZD/USD slides towards 0.6800 amid mixed mood

NZD/USD slides towards 0.6800 amid mixed mood NZD/USD slides towards 0.6800 amid mixed mood

NZD/USD falls as traders head into the weekend, down 0.71% on the week. The lack of progress in the Russia-Ukraine talks would keep investors on their toes for at least another week. NZD/USD Technical Outlook: The pair is neutral with the 100 DMA in play. After Monday’s 100 pip rally, the NZD/USD will end the […]

AUD/USD trims two-day losses and recovers 0.7300 on positive market mood

AUD/USD trims two-day losses and recovers 0.7300 on positive market mood AUD/USD trims two-day losses and recovers 0.7300 on positive market mood

AUD/USD bounces off weekly losses, although down 0.65% on the week. The disputes between Russia and Ukraine and the strong demands of both parties do not allow progress in the talks. AUD/USD Technical Outlook – At press time, above the 200-day DMA, a close above would resume the uptrend. The AUD/USD It breaks two days […]

Set to end the day flat after dipping from highs at 4,277

Set to end the day flat after dipping from highs at 4,277 Set to end the day flat after dipping from highs at 4,277

The S&P 500 is down 12.58% for the year. The improved market mood caused a break from the lows but was short lived, trading close to the opening of the session. S&P 500 Technical Outlook: Bias to the downside, but could recover in the short term, followed by further decline. From the beginning of 2022, […]

AUD/USD extends weekly losses and falls below 0.7300

AUD/USD extends weekly losses and falls below 0.7300 AUD/USD extends weekly losses and falls below 0.7300

AUD/USD continues to slide despite improved market sentiment on the Ukraine news. Ukraine would not insist on joining NATO – AFP. AUD/USD Price Forecast: Long-Term Neutral, Skewed To The Upside, But Could Extend Towards Fibonacci 50% Confluence With 0.7200 Level. The AUD/USD It fell for the second day in a row, despite an improved market […]