Euro Stabilizes after Sharp Slide
The euro has edged higher on Wednesday, after sliding over 1% yesterday. In the North American session, EUR/USD is trading at 1.0147, up 0.29% on the day. All eyes on Federal Reserve The markets are eagerly awaiting the FOMC decision...
Silver Wave Analysis
Silver reversed from support level 18.30 Likely to rise to resistance level 18.90 Silver earlier reversed up from the pivotal support level 18.30 (which has been steadily reversing the price from the end of June). The upward reversal from the...
USD/JPY Pair Moved into a Positive Zone Above $136.20
The US Dollar started a fresh increase after it tested the 135.60 zone against the Japanese Yen. The USD/JPY pair traded above the 136.20 level to move into a positive zone. The pair even moved above the 137.00 level, but...
Australian Inflation Lifts as Broadly Expected
June 2022 CPI 1.8%qtr vs 1.7% forecast; Trimmed Mean 1.5% vs 1.4% forecast. The CPI came in broadly as expected even with food, clothing & footwear, household furniture, equipment & services surprising to the high side. The CPI gained 1.8%...
Here’s how to know if we’re in a recession, and it’s not what you think
Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession. For those folks, at the National Bureau...
Euro Under Pressure Again on Gas Worries
Euro is under heavy selling pressure today on renewed worries over cut off of Russia gas supply. It’s additionally pressured and Germany 10-year yield breaks below 1% handle again. For now, Sterling appears to be a distant second. On the...
Dollar, Yen and Franc Soft in Quiet Cautious Markets
Markets continue to be very quiet in Asian session today. Investors are clearly holding their bets ahead of tomorrow’s FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the other hand, Canadian Dollar is...
EURCHF Wave Analysis
EURCHF reversed from support area Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the...
Yield Curve Inversion and Recession Risks, Dollar the Worst Performer of the Week
Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the greenback while traders were betting...
GBP/USD: Cable Remains Entrenched Within a Range and Awaiting Fresh Direction Signal
Cable extends directionless mode into fourth straight day, trading between 10DMA (1.1923) which offers solid support and strong barriers at 1.20 zone (psychological / falling 20DMA / Fibo 38.2% of 1.2406/1.1760 bear-leg. Pound benefited from stronger than expected UK PMI...