USD/JPY extends its weekly gains to 0.74% on Tuesday. Falling US Treasury yields limited USD/JPY attempts towards all-time highs near 136.75. A rising wedge is looming on the daily chart of USD/JPY which, if fulfilled, will see the pair fall towards 132.00. The USD/JPY It is advancing for the third day in a row and […]
Tag: Sentiment
USD/CHF Price Analysis: Retests the neckline of the double top around 0.9540
USD/CHF remains negative on the week, shedding 1.16%. The positive market mood dissuaded USD/CHF sellers from confirming the double top chart pattern. USD/CHF Price Analysis: Double top still in play but USD/CHF needs to keep spot prices below 0.9600. The USD/CHF falls for the fifth consecutive day, although it rebounded from the weekly lows reached […]
Germany: IFO Business Climate Index falls to 92.3 in June vs. 92.9 expected
The German IFO business climate index stood at 92.3 in June. The current IFO economic assessment was lowered to 99.3 this month. The German IFO index of expectations for June came in at 85.8 The German IFO business climate index fell sharply to 92.3 in Junecompared to 93.0 last month and consensus estimates of 92.9. […]
USD/CHF Price Analysis: Falls towards 0.9600 as sellers prepare to test the neckline of the double top at 0.9545
Swiss franc extends its weekly gains to almost 1% as evidenced by USD/CHF falling from weekly highs above 0.9700. Throughout the American session, risk aversion pushed equities into negative territory and gave safe-haven assets a further boost, boosting the CHF. USD/CHF Price Analysis: Double Top Formation Is Coming and Will Target 0.9150. The USD/CHF extends […]
The S&P 500 rises and recovers the threshold of 3,700 after the US holiday.
US stocks rise after the holiday in the country, between 1.78% and 3.07%. The Nasdaq Composite leads the gains, followed by the S&P 500 and the Dow Jones. US Treasury yields rise, while the dollar index falls. US stocks open with strong gains, after a dismal week, which dragged the S&P 500 into a bear […]
AUD/USD crashes below 0.7000
The Australian dollar is set to end the week with losses of almost 1.60%. The fluctuating sentiment in the forex space buoys the dollar and weighs on the AUD. St. Louis Fed President Bullard: Achieving a soft landing is doable. The AUD/USD slumps from weekly highs hit on Thursday around 0.7069, down below 0.7000, after […]
USD/JPY Price Analysis: Negative divergence caused the pair to drop before recovering 132.00
The negative divergence on the USD/JPY daily chart caused a drop of 200 pips, just above the May 9 high around 131.34. Market risk aversion favors the Japanese yen, despite the Fed’s rate hike. A USD/JPY move above 133.00 opens the door to 135.00, otherwise a drop to 131.00 is on the cards. The USD/JPY […]
S&P 500 stops its losses and points to a new test of 3,800 before the Fed
US stocks rise ahead of monetary policy decisions from the Federal Reserve, which is expected to raise its rates by 75 basis points. The Nasdaq Composite leads the gains, followed by the S&P 500 and the Dow Jones. The dollar index falls, weighed down by lower US Treasury yields. US equities recovered some ground after […]
Germany: ZEW Economic Sentiment Index unchanged at -34.3 in June
German ZEW Economic Sentiment stands at -34.3 in June, unchanged from -34.3 in the previous month. Germany’s current ZEW situation remains unchanged at -36.5 in June. The main figures of German ZEW for June have shown that the economic sentiment index was unexpectedly unchanged at -34.3while the estimates of -27.5 were not met. In the […]
NZD/USD crashes below 0.6300 and approaches year lows around 0.6200
The New Zealand dollar remains on the defensive and loses 1.69%. Inflation in the US, and the Federal Reserve meeting, weighed on market sentiment and boosted the USD. On Tuesday, the US Producer Price Index for May could attract investors’ attention as the Fed’s monetary policy meeting looms. The NZD/USD fell close to 90 pips […]
