Yen Extends Decline as Markets Responded Well to Fed Hike, BoE Next
The financial markets have responded rather well to Fed’s rate hike overnight. The close in major US indexes was strong while Asian stocks also follow higher. Yen is clearly pressured and is extending recent decline, following rally in benchmark treasury...
Canadian Dollar Surges on Strong CPI, FOMC Next
Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped by the massive rebound in...
JP225 Index’s Bias Improves But Outlook Remains Bearish
The JP 225 index continues its downtrend move, recording successive lower lows and lower highs as negative momentum lingers. Moreover, the index is currently trading well below its 50- and 200-day simple moving averages (SMAs), reinforcing the overall bearish outlook....
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong.
Dollar Consolidates as Markets Await FOMC Rate Hike and Projections
Dollar is digesting some of this week’s gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact of Russia invasion of Ukraine....
USD/CHF Gains Bullish Momentum, Fed Decision Next
Key Highlights USD/CHF started a major increase after it broke the 0.9250 resistance. It is up over 150 pips and broke many hurdles on the 4-hours chart. EUR/USD is still struggling below 1.1080, and GBP/USD is consolidating above 1.3000. The...
Euro Extends Rebound, Yen Selloff Continues
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of...
GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support
Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI on daily chart emerging from...
Gold Updated Its Highs
In March, Gold updated its high at $2,078.80 and then started a correction. Early in a new week March week, the precious metal is trading at $1,977. Gold is an excellent tool for investors to protect them from the consequences...
Euro Recovering as Ukraine Holds Another Talk With Russia
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency...