Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation … [Continue reading]
USD/JPY Price Analysis: Bears eye a bearish close for the bear below 131.00
Share: USD/JPY bears are testing structure support that guards yesterday's closing price. Bears will remain in control while below the micro-trendline resistance. USD/JPY is starting to break down the bullish structure and the bears are … [Continue reading]
EUR/USD Price Analysis: Remains under pressure below 1.0780
Share: EUR/USD fails to extend the bounce past the 1.0780 level. The 3-month line near 1.0780 keeps capping the upside. EUR/USD bounces off Tuesday’s lows near 1.0670, although the bullish attempt runs out of steam near 1.0760. As long as the … [Continue reading]
Riksbank Preview: Forecasts from seven major banks, 50 bps, but the peak is not far off
Share: The Riksbank is set to announce its Interest Rate Decision on Thursday, February 9 at 08:30 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of seven major banks for the … [Continue reading]
Japan Eco Watchers Survey: Outlook came in at 49.3, above expectations (46.2) in January
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/JPY traces softer yields to slid beneath 131.00, US President Biden’s SOTU eyed
Share: USD/JPY extends the previous day’s bearish momentum with a slower pace. US Treasury bond yields ease amid mixed news, unimpressive Fed talks and Japan trade numbers. Market sentiment remains sluggish as traders await US President Biden’s … [Continue reading]
United States Consumer Credit Change registered at $11.56B, below expectations ($24B) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Could Aptos price buckle under pressure and crash 55%?
Share: Aptos price is pushing up over 6% intraday near the US opening bell. APT traders are trying to break above the red descending trend line. US Dollar strength is the omen for APT traders as US Fed Chair Powell is set to speak later this … [Continue reading]
AUD/USD to touch 0.75 by the end of the second quarter – ING
Share: There is really a lot to be liked about the Australian Dollar. Economists at ING expect the AUD/USD pair to reach the 0.75 level by the end of the second quarter. All aboard the Aussie rally “Australia is very uniquely exposed to a recovering … [Continue reading]
NZD/USD: Further decline remains on the cards – UOB
Share: In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further retracement lies ahead for NZD/USD in the short-term horizon. Key Quotes 24-hour view: “Yesterday, we highlighted that NZD ‘is … [Continue reading]