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AUDUSD

The Week Ahead: New Deal Version 2021

USDJPY extends recovery with robust jobs data Sentiment for the dollar remains upbeat as the pair bounces back to its pre-pandemic level from a year ago. The US labor market showed solid growth again in March with 916k jobs added.…

AUDUSD Cycle Trend Completion?

The AUDUSD pair indicates a cycle trend. Looking at the 1H timeframe, we see the final part of the bullish triple zigzag. After the completion of the cycle zigzag y, prices declined and formed an intervening wave x in the form of a…

The Week Ahead: Reversal of fortune

EURUSD tanks as restrictions extended Worries over prolonged lockdowns in major European economies have sent the single currency lower across the board. The talk of a third wave combined with vaccine supply issues in the EU could put…

The Week Ahead: Reassuring Message

USDJPY hits 9-month high ahead of FOMC The spike in bond yields has helped the US dollar rally to a nine-month high against the Japanese yen. As the US economy bottoms out, the fear of reflation is taking root in investors’ mind.…