Market Analysis
June 17, 2022
USD/JPY corrected lower after testing resistance near 135.60. Bullish trend line broken near 135.00. The US Dollar, Japanese yen pair climbed rapidly from the 127.00 level. USD/JPY reached a high of...
June 17, 2022
The third central bank to raise interest rates this week is the Bank of England (BOE). It raised the interest rate to 1.25% earlier today, following the rate hikes delivered by the Federal Reserve of...
June 17, 2022
Talking Points: WTI gets up bids to consolidate daily losses and appears to be on track for a second weekly loss in a row. The USD has recovered, and hawkish central banks are putting oil purchasers...
June 16, 2022
Talking Points: GBP/JPY is projected to find buyers around 163.00 ahead of the Bank of England’s (BOE) hawkish policy announcement. Lower Gross Domestic Product (GDP) growth and greater...
June 16, 2022
EUR/GBP corrected lower after testing resistance near 0.8720. Bullish trend line has formed support near 0.8520. The Euro, British Pound pair climbed rapidly from the 0.8560 support level. EUR/GBP...
June 16, 2022
The USD/CHF price rose to parity for the first level since May ahead of the upcoming interest rate decisions by the Federal Reserve and the Swiss National Bank (SNB). It is trading at 1.0004, which...
June 15, 2022
USD/CAD started to rally after testing support near 1.2500. Bearish trend line broken with resistance near 1.2550. The US Dollar, Canadian Dollar pair rallied after breaking above a key bearish...
June 15, 2022
Talking Points: On a resurgence in the risk-on impulse, the NZD/USD is pushing towards 0.6250. The chances of the Fed raising rates by 75 basis points (bps) have grown to 99 %. The kiwi dollar will...
June 15, 2022
The USD/SEK price is nearing its all-time high ahead of the upcoming Federal Reserve interest rate decision. It rose to 10.15, which was the highest level since April 1 after the latest Swedish...
June 14, 2022
GBP/USD started to decline after testing resistance near 1.2660. Bullish trend line broken with support near 1.2470. The British Pound, US Dollar pair failed to break above the 1.2660 resistance...
June 14, 2022
Silver price has edged lower in Monday’s session as a reaction to a stronger US dollar and higher Treasury yields. In the ensuing sessions, the focus will be on the Fed interest rate decision...
June 13, 2022
Talking Points: AUD/USD falls to a one-month low during the four-day slump as market sentiment remains negative. The Beijing Sports Authority has suspended offline sports, while the CME’s...
June 13, 2022
EUR/USD started a fresh decline from near the 1.0780 level. Bullish trend line broken with support at 1.0690. The Euro, US Dollar pair tested resistance near the 1.0800 level. EUR/USD failed to break...
June 10, 2022
The Gold price faces strong resistance near $1,865 and $1,870. Bullish trend line has formed support near $1,845. The Gold, US Dollar price started a downside correction after testing resistance near...
June 10, 2022
BTC/USD continues to consolidate, remaining just below the 32,845 zone, which corresponds to the low of the 24th of January, and below the downward resistance line drawn from the high of the 28th of...
June 10, 2022
The US dollar index (DXY) is in a consolidation mode ahead of the upcoming US consumer inflation data. It is trading at $102.40, where it has been in the past few days. This price is about 2.50%...
June 9, 2022
Talking Points: Negative Divergence has undermined the Loonie bulls. The relative strength index (RSI) has indicated a lack of momentum, implying a bullish turnaround. The greenback bulls have...
June 9, 2022
Crude oil price gained momentum above the $120 resistance level. Bullish trend line has formed support near $118.50. After breaking above $110, the Crude Oil price started a fresh increase against...
June 8, 2022
After a correction that took three weeks, the Japanese yen is taking another hit. The USD/JPY move above 132 marks a 20-year low for the yen, and the bias remains bearish. Those looking for a...
June 7, 2022
GBP/USD started a downside correction after testing resistance at 1.2666. Bullish trend line broken near 1.2615. The British Pound, US Dollar pair found strong resistance near the 1.2660 level....
June 7, 2022
The USD/INR price has been in a tight range in the past few days as investors target the upcoming Reserve Bank of India (RBI) interest rate decision. The USD to INR pair is trading at 77.61, which is...
June 6, 2022
EUR/USD turned bullish after testing support near 1.0620. Bullish trend line has formed support near 1.0700. The Euro, US Dollar pair found strong resistance near 1.0800. EUR/USD corrected lower, but...
June 6, 2022
One of the most interesting central bank meetings in 2022 is the European Central Bank (ECB) Meeting scheduled next week, on Thursday. The ECB is set to keep the main refinancing rate at zero,...
June 3, 2022
USD/JPY started to climb after breaking above resistance at 128.20. Bearish trend line broken at 127.35. The US Dollar, Japanese Yen pair started a fresh rally after testing support near the 126.36...
June 3, 2022
Talking Points: As the announcement of the PMI data encouraged long-liquidations, the AUD/JPY is falling towards 94.00. Anxiety over the Reserve Bank of Australia’s (RBA) interest rate...
June 2, 2022
EUR/GBP tested resistance near 0.8590 before correcting lower. Bullish trend line has formed support near 0.8520. The Euro, British Pound pair started to climb from below the 0.8400 level. EUR/GBP...
June 2, 2022
The USD/CHF pair is slowly forming a rounded bottom as investors focus on monetary policy by the Federal Reserve and the Swiss National Bank (SNB). The pair is trading at 0.9627, which is slightly...
June 1, 2022
Talking Points: Despite the announcement of the Australian GDP, the AUD/NZD pair has remained stable. The annualised and quarterly GDP statistics were 3.3 % and 0.8 %, respectively. The Caixin...
June 1, 2022
AUD/USD started to climb after testing support near 0.6830. Bullish trend line has formed support near 0.7190. The Australian Dollar, US Dollar pair gained momentum after breaking above the 0.6900...
June 1, 2022
One of the most interesting markets in the first months of 2022 was the commodity market. In times when inflation rises to decades-high levels, commodities failed to fulfill their role as a hedge...