Dollar edges lower ahead of key Powell speech; Australian dollar soars By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, consolidating after recent gains ahead of a key speech from Fed Chair Jerome Powell, while the Australian dollar surged after the Reserve Bank hiked interest rates. At 03:00 ET (08:00 GMT), the , which tracks the greenback against […]
Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]
Dollar Extends Rally for a Few Key Breaks, S&P 500 Throttles its Descent
S&P 500, Meme Stocks, Dollar, USDJPY, Fed Funds Rate and RBA Decision Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 Market-based rate forecasts have swelled to meet the Fed’s forecasts, lifting the Dollar to notable EURUSD and USDJPY breaks Risk trends were noticeably more restrictive Monday, but meme stock troubles […]
“Key panel urges BOJ to make 2% inflation target long-term goal”
ICYMI, a Reuters report with further detail on the news from yesterday: Under strong political pressure to beat deflation, the BOJ signed a policy accord with the government in 2013 and committed to achieving 2% inflation “at the earliest date possible.” The Reuters report is here: Bank of Japan Governor Kuroda will be leaving the […]
CHFJPY, H4 | Potential Sells at key overlap
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleCHFJPY, H4 | Potential Sells at key overlap TypeBearish ReversalPreference:We might potentially see price test the overlap resistance before pushing downwards towards the 1st support level. It's worth noting that there is an […]
USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues
USD/JPY Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000 USD/JPY FUNDAMENTAL BACKDROP USD/JPY has struggled to hold onto any meaningful gains above the psychological 130.00 level. Yen strength has been capped by dovish sounding comments from the BoJ governor which […]
USDCAD, H4 | Potential reversal off a key support |
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It’s been a choppy week for the dollar, what are the key levels to watch?
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it […]
XAU/USD bulls move in ahead of key events and pending Federal Reserve
Gold price runs higher within the consolidation and towards recent bull cycle highs. Gold price will now depend on key United States economic events ahead. The Federal Reserve is looming and all will be revealed at the start of February. Gold price has been a touch higher at the start of the week, digging into […]
Bears taking on bullish commitments near 1.3450 key area
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally’s tracks from yesterday’s business with 1.3450/30 eyed as a potential support structure in what has been a choppy descent from above 1.3500 on […]