Intraday Analysis – USD in consolidation mode
USDJPY grinds resistance The Japanese yen finds limited support from a rise in the December retail trade number. On the daily chart, last May’s low of 126.50 and the 20-day moving average (131.10) are compressing the price range and a breakout would dictate the next move in the medium-term. Intraday-wise, the pair […]
Dollar’s comeback beginning to look ‘appealing’ as U.S. stocks enter rally mode By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has faced hammer blow after hammer blow in its attempts to hold ground against rivals, but the greenback is finally starting to look ‘appealing’ as U.S. equities pick up steam against their European rivals. The , which measures the greenback against a trade-weighted basket of six major […]
One data point at a time is the mode in the market
The market has an interesting way of making the dark moments darker and the bright moments brighter. A few days ago, the soft landing talk was everywhere and then suddenly the reversal yesterday highlighted the multitude of risks around a hard landing, crumbling margins and consumer spending stalling. Those worries have continued today with S&P […]