EUR/USD: What the ECB and Fed Will Do ● There was a significant amount of news last week, so we will highlight and analyse only the most important ones. Germany set the tone for European statistics, with consumer inflation rising instead of falling. According to the initial estimate, the Consumer Price Index (CPI) increased year-on-year…
The currency pair is preparing for the next upward rally.Sellers remain dominant in the market at the moment. USDJPY Weekly Price Analysis – August 2Today, the USDJPY is bearish. Meanwhile, the pair is preparing for the next uptrend as the current selling pressure is winding off gradually and will soon end. The price may soar…
The brokerage company NordFX has released the performance results of its clients’ trading activities for July 2024. The evaluation also covered the social trading services, PAMM and CopyTrading, as well as the profits earned by the company’s IB partners. ● The highest profit in July was achieved by a trader from East Asia, account…
Weekly Charts 28.07. – 02.08. EURUSD Weekly Chart Resistances at : 1.08600 , 1.09500 & 1.09700 Supports at : 1.08350 , 1.08050 & 1.07450 Major Support comes at 1.06800 Major Resistance at : 1.09700 Pattern on this weekly chart calls for another push Up next week. EURUSD 4H Chart …
The Japanese Yen holds ground, possibly due to verbal intervention by Japanese authorities. Japan’s Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the timing of the first interest rate cut in 2024. The Japanese Yen (JPY) holds its position, possibly due to verbal…
Newsquawk.com Week Ahead 24-28th June: MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May) TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1) WED: Australian CPI (May), German GfK Consumer Sentiment THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement,European Council, Chinese Industrial Profits YTD (May),…
EUR/USD: Eurozone – Rising Inflation, Falling Economy ● As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023. The consumer price index in the services sector increased annually…
EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected…
USD/JPY edges up slightly despite falling US Treasury yields. Technical outlook: Buyers in control, targeting 157.00 and potentially April’s high of 158.44. Downside risks are seen below 156.00, followed by 155.72 and further targets at 154.00 and 153.35/40. The USD/JPY recovered some ground during the North American session yet is virtually unchanged, up by a…
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday. The downside of the Japanese Yen could be limited as investors’ caution prevails ahead of the BoJ policy decision on Friday. CME FedWatch Tool indicates that the likelihood of a Fed rate cut in September decreased to 61.5,…