USDJPY: The USD/JPY pair ended its four-day losing streak, trading near 142.90 during the Asian session on Monday. The USD/JPY recovery can be partly attributed to lower than expected Japanese gross domestic product (GDP) data. However, strong economic growth, rising wages and persistent inflationary pressures continue to support expectations that the Bank of Japan (BoJ)…
GBPUSD: The GBP/USD pair is attracting some dip buying during the Asian session on Monday. The pound is once again aiming for the 1.3150 price level, although a combination of factors could prevent further gains. The closely-watched US employment data released on Friday suggests that labour market growth is slowing more than expected and adds…
Daily Pivots: (S1) 0.8379; (P) 0.8428; (R1) 0.8480; More… Intraday bias in USD/CHF is turned neutral with 4H MACD crossed above signal line. But further decline will remain in favor as long as 0.8536 resistance holds. Below 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down…
Guppy was in a steep selloff mode last week, but are we about to get a correction soon? Can the upcoming U.K. jobs report sustain the downtrend on this pair? Here are the nearby inflection points I’m keeping tabs on. This Article Is For Premium Members Only Become a Premium member for full…
EUR/USD extended its rally from 1.1026 to a recent high of 1.1154. However, the subsequent pullback from 1.1154 suggests that the upward move may have completed. What’s Next? Further Decline Expected: In the coming days, another drop is likely, with the next target being the key support level at 1.1026. A break below 1.1026 could…
Brace yourselves for another exciting trading week, forex fellas! We’ve got no less than top-tier U.S. inflation reports and a central bank decision, plus U.K. jobs data to boot. Read on to find out what market analysts are expecting from these catalysts. This Article Is For Premium Members Only Become a Premium…
Chinese inflation data, both CPI and PPI, for August 2024. The m/m PPI is -0.7% (prior -0.2%) The CPI is a slight miss on both the y/y and m/m. But the PPI is a shocker of a miss on both. Real rates in China re weighing on demand. And yet the People’s Bank of China…
The Williams R, also known as the Williams %R, is a momentum oscillator specifically designed for the MetaTrader 4 (MT4) platform. It helps traders identify overbought and oversold conditions in the market, providing valuable insights into potential price reversals. In simpler terms, the Williams R tells you when an asset might be getting a little…
EUR/USD may face challenges as recent Eurozone inflation data have strengthened the likelihood of an ECB rate cut. Friday’s US economic data raised uncertainty over the likelihood of an aggressive Fed rate cut in September. Chicago Fed President Goolsbee stated that Fed officials are starting to align with the broader market’s sentiment of rate adjustment….
EURCHF Continues to Struggle as Bearish Momentum Persists in the Market The EURCHF price is struggling to gain momentum as bearish sentiment continues to dominate. The currency pair has faced significant challenges in making substantial gains in the current market environment, with sellers consistently outweighing the efforts of buyers trying to push prices higher. EURCHF…