Browsing Tag
Japanese Yen
Yen Collapses as BoJ Look to Hike Rates!
Yen Collapses as BoJ Look to Hike Rates
The Yen continued to lose ground amid BoJ policy expectations.
The Bank of Japan Governor has said they could hike rates again if the fall in the domestic currency significantly pushes up…
Read More
Read More
Intraday Analysis – Dollar Bounce as BoJ Raises Rate
GBPUSD falls from the peak
The pound fell further as the BoE confirmed they will keep rates higher for longer, leading to a dollar bounce. The pair has dropped over 200 pips on the chart since hitting its peak of just under 1.2900. The…
Read More
Read More
Intraday Analysis – Nasdaq Posts Another Record High
NASDAQ Index is the gift that keeps on giving
The Nasdaq 100 moved to another record high as bulls continued to outshine bears. A just above the 20-day SMA has put the Nasdaq index on another rally. A break above 18000 has attracted more…
Read More
Read More
Intraday Analysis – The Dow Remains Silent
US 30 tests critical support
After the recent stock rally cooled, the Dow Jones ( US 30 ) looks for the next move. On the chart, the index is struggling to hold on to its gains from the few sessions as a bearish divergence opens. A break…
Read More
Read More
Intraday Analysis – USD CPI Data Opens Uptrend
USDJPY awaits bearish divergence
The Japanese yen struggled as USD CPI data came in hotter than expected. The pair’s latest push moved over the psychological level of 150.00, which now acts as fresh support. A subsequent break above…
Read More
Read More
The Week Ahead – Fed Disruption, NASDAQ 100 in Focus
NASDAQ 100 retreats as CPI looms
The Nasdaq 100 continues to go from strength to strength as it ignores the Fed’s signals. While Jerome Powell’s moderate rhetoric has given the market the greenlight, a series of hawkish comments from…
Read More
Read More
Intraday Analysis – USD Rises, Dow Momentum Holds
US 30 not slowing down
The Dow Jones maintains its upward momentum, defying any signs of slowdown. The recent 500-point surge encountered robust buying activity above the daily resistance level of 38400. Despite a bearish divergence…
Read More
Read More
Intraday Analysis – USD Keeps the High Ground
XAGUSD attempts recovery
Silver awaits a full recovery from the recent bounce at $22 as traders are eyeing the Fed’s policy meeting. The precious metal is still grinding the support-turned-resistance of 23.00. Last week’s recovery saw a…
Read More
Read More
Intraday Analysis – SPX500 no slowing down
USDCHF falters at recovery
Next week, the US dollar builds a base ahead of the Fed’s interest rate decision. An initial pop above 0.8725 has prompted short-term sellers to cover some of their bets. 0.87 along the 20-day moving average…
Read More
Read More