US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]
Asia FX steadies before U.S. CPI data, dollar nears 7-month low By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies crept higher on Thursday and the dollar fell in anticipation of data showing a further easing in U.S. consumer inflation, while the Japanese yen rallied sharply after the country logged a record-high current account surplus. The dollar retreated further on Thursday, and was close to its lowest […]
AMZN Primary Wave Ⓐ Nears Completion
The current AMZN structure suggests a corrective trend. It is assumed that a zigzag is formed, which consists of cycle sub-waves a-b-c. After the end of the impulse growth of wave a, prices declined. This could indicate the beginning of a bearish correction b. It could take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In […]