Dollar to Yen Did Bessent Signal a Weaker USDJPY?

The U.S. dollar’s latest pullback has traders zeroing in on a key support zone on USD/CHF. Will buyers step in and defend this area, or are we looking at more downside from here? Here’s what we’re seeing on the 4-hour time frame: USD/CHF 4-hour Forex Chart by TradingView In case you missed it, the U.S….

Investing.com – Citi Research has turned increasingly bearish on risk, and recommends selling any rallies. At 07:00 ET (11:00 GMT), EUR/USD traded 0.1% higher at $1.0926, having dropped around 0.3% over the course of the last week. The U.S. bank flagged last month that it was turning bearish on risk, citing that volatility tends to…

Commerzbank’s Norman Liebke highlights that EU ETS reform, including new benchmark calculations, could significantly raise costs for European Aluminium recyclers and refineries. With fallback benchmarks set to drop sharply, companies may need to buy more allowances, pressuring profitability in a globally priced market. Industry group European Aluminium warns this could undermine Aluminium recycling competitiveness in…

While traditional financial markets experience a lull due to Thanksgiving in the U.S., the bullish momentum in the cryptocurrency market continues to keep traders engaged. As seen on the ETH/USD chart:→ Ethereum’s price has broken through the critical $3500 level, which acted as resistance during the summer (indicated by an arrow).→ Additionally, the strength of…

The situation overall remains within the framework of the previously considered scenario. Currently, it appears that the formation of the final wave 5 of the uptrend impulse is underway, which itself is an impulse.To complete the development of the entire structure, waves 3, 4, and 5 are needed. This means that there remains a good…