Wyckoff’s Inventory Accumulation is in making
USD/CAD is marching higher despite upbeat oil prices. Stretched consolidation after a downfall is demonstrating signs of inventory accumulation. A 40.00-60.00 range oscillation by the RSI (14) indicates a consolidation ahead. The USD/CAD pair is gradually moving towards the round-level resistance of 1.3400 after a recovery move to near 1.3370 in the Asian session. The […]
Japan Senior govt member on BOJ policy: Now not the time for making a major policy change
Bloomberg (gated) with the comments from “a senior ruling party lawmaker” in an interview on Friday. Hiroshige Seko, the Liberal Democratic Party’s upper house secretary general, a senior member of the political faction of former premier Shinzo Abe. It would be premature to start exiting stimulus when demand continues to lag behind supply in Japan’s […]