GBPJPY Bullish Trend Dims; 20-SMA in Focus
GBPJPY is mirroring fading buying interest as negative momentum escalated on Thursday, confirming a lower high at 167.82. Similarly, the RSI seems to be following a negative trajectory after failing to reach its previous high, while the negative turn in...
USDCAD Shows Weak Signs Below Double Top at 1.2960
USDCAD is showing some weak signs today with the technical indicators confirming this view. The RSI indicator is moving south in the positive region, while the MACD oscillator is holding above its trigger and zero lines, but with softer momentum...
EUR/CHF Extending Decline, Aussie and Kiwi Soft
Overall, the forex markets are pretty much staying in range, except for a few. Aussie and Kiwi are the weaker ones for the week, as weighed down by negative sentiment, as well as falling commodity prices But Dollar isn’t too...
Will Japan’s CPI Inflation Data Move the Yen?
The Bank of Japan has been the black sheep of all central banks, rigidly denying abandoning its ultra-easy monetary policy even if the long-sought inflation pressures have finally showed up in the economy. Investors, however, are less patient than the BoJ, and...
AUD/USD: Aussie Remains in Red as Weak Data Boost Growth Slowdown Fears
The Aussie dollar holds in red for the second consecutive day, following a double-rejection under psychological 0.70 barrier and came under increased pressure on downbeat economic data. Australia’s composite PMI which tracks the activity in manufacturing and services sectors, fell...
Euro Falls on Poor PMIs, Yen Recovering Further
Euro falls broadly today after worse than expectation PMI data. Aussie and Loonie are also weak as commodity prices pull back. On the other hand, Yen and Swiss Franc are rebounding, following the rather deep pull back in US and...
Stock futures fall after the major averages dip, investors mull recession concern
Stock futures declined early on Thursday after the major indexes slipped into the red at the end of regular trading and investors weighed the likelihood of a recession after Federal Reserve chair Jerome Powell acknowledged it’s a possibility. Futures tied...
Yen Recovering, Aussie Follows Commodities Lower
While the stock markets are steady, Aussie, Kiwi, and to a lesser extend Loonie, are trading generally lower. Decline in commodity and energy prices, on concerns over recession, appear to be weighing down on these currencies. Copper prices dropped to...
XAU/USD: Rises on Growing Uncertainty But Bulls Look for More Evidence to be Validated
Spot gold edged higher on Wednesday after three days in red, boosted by risk aversion on lower stocks, political uncertainty and fears of recession, as raging inflation hurts economies while major central banks raise interest rates to curb rising prices...
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of...