EUR/USD Elliott Wave Analysis: More Weakness Ahead
Stocks are higher since the FED decision last week, so buy the rumor sell the news is what caused a turn. We see commodity currencies doing well, with more upside in view in the very near term. If you favor...
Yen Extended Down Trend on Rise in Yields and Rebound in Stocks
Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE...
Weekly Economic & Financial Commentary: Significant Monetary Policy Tightening Ahead
Summary United States: Significant Monetary Policy Tightening Ahead In a full week of economic data, Wednesday’s FOMC meeting took center stage. FOMC officials lifted the target range for the federal funds rate by 25 bps. Meanwhile, data on retail sales,...
The Weekly Bottom Line: The Fed Amps Up its Fight Against Inflation
U.S. Highlights The U.S. Federal Reserve raised interest rates for the first time since 2018, and signalled it is prepared to raise rates substantially in order to contain inflation. Oil prices were down this week as renewed lockdowns in China...
Week Ahead: Follow Through from FOMC and BOE; Headline Watching from Russia/Ukraine War
With a lack of an obvious catalyst this week, markets will continue to trade off the rate hikes from the FOMC and the BOE. Last week, the FOMC hiked rates by 25bps and noted in its statement that there are...
Week Ahead – Flash PMIs to Bring Recession Risks to the Forefront, SNB Meets
The upcoming week will quieten down a bit after what was a busy time for central banks and geopolitical events. But there’s still plenty of activity ahead as the latest flash PMI readings are due and the Swiss National Bank...
EUR/USD Outlook: Negative Fundamentals Weigh Heavily and May Stall the Recovery
The Euro eases on Friday but is on track for the first bullish weekly close in six weeks that adds to positive signals as Doji reversal pattern is forming on weekly chart. On the other side, fresh bulls face difficulties...
GBPJPY Eyes Nearby Ceiling after Extending above MAs
GBPJPY is targeting the 156.77 barrier after maintaining a two-week climb from the 150.96 low, which also managed to overstep the simple moving averages (SMAs). For some time now, the SMAs have been lacking a distinct trend as the pair...
Bitcoin Whale Activity Has Fallen to the Lowest
Bitcoin is down 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). The total capitalization of the crypto...
Euro Reverses ahead of Weekend, USD/JPY Resumes Rally
The tide seems to be turning just ahead of the weekend. Swiss Franc is rebounding notably while Dollar is also firmer up. On the other, Euro reverses earlier gain and trades broadly lower. Nevertheless, Yen’s weakness persists and it’s extending...