2024

USDJPY breaks another resistance The Japanese yen tumbled over a buoyant dollar. The dollar’s surge has now slightly exhausted as prices touched 148.00. This is a sign that the mood has remained cautious for now and an opportunity to…
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The BOJ will meet on Monday, and issue its policy decision on Tuesday. But just before that, tomorrow Japan will release its latest inflation figures. Naturally, the CPI rate will be pivotal for expectations for what the central bank will…
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USDCAD ignoring bearish divergence The Canadian dollar continues to lose ground to a resurgent greenback. The pair has moved over 200 pips since the start of the year. A break at the 1.34 level led to another rally, with 1.35 becoming…
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Canadian inflation is expected to tick higher when it is reported later today. But the core rate is expected to keep to the downward trend. It might not be enough to raise worries that the BOC will give up on rate cuts at some point this…
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EURUSD breaks 1.09 The Euro struggles to maintain its dominance over the dollar as the Fed nears the end of its tightening. The pair broke the 1.09 level as a bearish RSI divergence suggests a deceleration in the momentum. Support could…
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China's economy is expected to have accelerated in the final quarter of last year. That might offset some of the worries that have been percolating in the market lately. Several companies recently have issued warnings that they saw the US…
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USDCHF looks to recoup losses The US dollar softened after the continuous easing of inflation rumours. The pair has remained under pressure after a tentative break below last year’s low of 0.8550. The current rebound from this critical…
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