US Dollar (USD)

USDJPY climbs to 3-year high The yen plunges as low Japanese bond rates reflect the divergence in monetary policies. A close above the pre-pandemic peak around 112.10 has triggered a runaway rally. A bullish MA cross indicates an…
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USDJPY retreats below resistance The dollar bounced back against the yen after a weak Tokyo CPI in September. As the pair rose to the peak from February 2020 (112.20), a bearish RSI divergence revealed weakness in the momentum. A…
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Fed Chairman Jerome Powell will give a series of speeches before the US Congress over the next couple of days. They come at a particularly crucial moment, as lawmakers are coming down to the wire in an attempt to prevent a government…
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EURUSD tests major support The US dollar found support from better-than-expected durable goods orders. The pair gave up all its gains from the rally in late August. This indicates an erosion in the bullish sentiment. The euro’s…
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EURUSD tests demand area The US dollar treads water ahead of the Fed meeting. After a limited rebound, the euro’s fall below 1.1750 has put the bulls on the defensive. The pair is testing the demand zone around 1.1700 with the lower…
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After months and months of speculation, it's finally here. The FOMC is having a two-day meeting and the general understanding is that they will announce that they will start slowing down the pace of their asset purchases soon. What does…
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AUDUSD seeks support The Australian dollar struggles after cautious RBA meeting minutes. The pair had failed to bounce back from the demand zone around 0.7250 which lies on the 61.8% Fibonacci retracement level of the August rally.…
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